Investors often look for companies that combine strong financial performance with healthy fundamentals. The Piotroski Score is one such screening tool, with a score of 9 representing the highest possible rating and indicating strength across profitability, leverage, liquidity, operating efficiency, and other financial parameters. When combined with Return on Equity (ROE) and Return on Capital Employed (ROCE) above 30 percent, it can help identify companies demonstrating efficient use of shareholders’ and invested capital.
In this article, we look at six stocks that meet these criteria, featuring a Piotroski Score of 9 and ROE and ROCE above 30 percent. These companies may warrant further research as part of an investor’s watchlist, although financial metrics should always be considered alongside valuation, industry conditions, and future growth prospects. Here are a few stocks with a high Piotroski score of 9 and ROE & ROCE above 30 percent:
GE Power India Limited
With a market capitalization of Rs. 4,605.08 crore, the shares of GE Power India Limited closed at Rs. 685.00 per equity share, rising nearly 5 percent from its previous day’s closing price of Rs. 652.40 per equity share.
GE Power India Limited has a high Piotroski score of 9. In terms of return ratios, the company’s ROCE and ROE stand at 82 percent and 62.2 percent, respectively. GE Power India Limited has an earnings per share (EPS) of Rs. 40.4, and its debt-to-equity ratio is 0.03x.
GE Power India Limited is an Indian power-infrastructure company engaged in engineering, procurement, manufacturing, construction, and servicing of power plants and power-generation equipment. Incorporated in 1992, the company has more than three decades of experience in India’s energy sector. Its operations include engineering centres in Noida and Kolkata and a dedicated boiler manufacturing facility in Durgapur.
GE Vernova T&D India Limited
With a market capitalization of Rs. 1,07,411.52 crore, the shares of GE Vernova T&D India Limited closed at Rs. 4,195.00 per equity share, rising nearly 0.30 percent from its previous day’s closing price of Rs. 4,182.30 per equity share.
GE Vernova T&D India Limited has a high Piotroski score of 9. In terms of return ratios, the company’s ROCE and ROE stand at 77.4 percent and 57.4 percent, respectively. GE Vernova T&D India Limited has an earnings per share (EPS) of Rs. 51, and its debt-to-equity ratio is 0.01x.
GE Vernova T&D India Limited is the Indian listed entity of GE Vernova’s Grid Solutions business and has more than a century of presence in India. The company operates in the power transmission and distribution sector, providing technologies for generation connection, electricity transmission and grid distribution. Its portfolio includes power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital solutions and turnkey substation projects.
Tenneco Clean Air India Limited
With a market capitalization of Rs. 20,519.24 crore, the shares of Tenneco Clean Air India Limited closed at Rs. 508.40 per equity share, rising nearly 1.28 percent from its previous day’s closing price of Rs. 501.95 per equity share.
Tenneco Clean Air India Limited has a high Piotroski score of 9. In terms of return ratios, the company’s ROCE and ROE stand at 60.8 percent and 44.4 percent, respectively. Tenneco Clean Air India Limited has an earnings per share (EPS) of Rs. 14.9, and its debt-to-equity ratio is 0.04x.
Tenneco Clean Air India Limited is an Indian automotive-component company associated with global automotive supplier Tenneco. Its Indian operations encompass Clean Air, Champion Ignition, Powertrain, and Monroe Ride Solutions businesses. The company supplies engineered components and systems to automotive manufacturers in India and international markets.
Hindustan Zinc Limited
With a market capitalization of Rs. 2,38,730.52 crore, the shares of Hindustan Zinc Limited closed at Rs. 565.00 per equity share, down nearly 1.74 percent from its previous day’s closing price of Rs. 575.00 per equity share.
Hindustan Zinc Limited has a high Piotroski score of 9. In terms of return ratios, the company’s ROCE and ROE stand at 69.2 percent and 76.4 percent, respectively. Hindustan Zinc Limited has an earnings per share (EPS) of Rs. 40.1, and its debt-to-equity ratio is 0.39x.
Hindustan Zinc Limited is a Vedanta Group company and one of the world’s major integrated producers of zinc, lead, and silver. The company operates across the mining and metals value chain, from underground mining and ore processing to smelting and refining. Its operations include several mines and metallurgical facilities primarily located in Rajasthan, along with a metal plant in Uttarakhand.
Hindustan Copper Limited
With a market capitalization of Rs. 45,841.77 crore, the shares of Hindustan Copper Limited closed at Rs. 474.05 per equity share, down nearly 1.21 percent from its previous day’s closing price of Rs. 479.85 per equity share.
Hindustan Copper Limited has a high Piotroski score of 9. In terms of return ratios, the company’s ROCE and ROE stand at 42.4 percent and 32.9 percent, respectively. Hindustan Copper Limited has an earnings per share (EPS) of Rs. 11.8, and its debt-to-equity ratio is 0.03x.
Hindustan Copper Limited (HCL) is a Schedule-A, Mini-Ratna Category-I Central Public Sector Enterprise under the Ministry of Mines, Government of India. Incorporated in 1967, it is engaged primarily in the exploration, mining, and beneficiation of copper ore. HCL operates copper mines at Malanjkhand in Madhya Pradesh, Khetri in Rajasthan and Ghatsila in Jharkhand.
V-Marc India Limited
With a market capitalization of Rs. 4,638.96 crore, the shares of V-Marc India Limited closed at Rs. 316.60 per equity share, rising nearly 1.87 percent from its previous day’s closing price of Rs. 310.80 per equity share.
V-Marc India Limited has a high Piotroski score of 9. In terms of return ratios, the company’s ROCE and ROE stand at 41.4 percent and 41.4 percent, respectively. V-Marc India Limited has an earnings per share (EPS) of Rs. 6.83, and its debt-to-equity ratio is 0.74x.
V-Marc India Limited is an Indian manufacturer of wires and cables, established in 2006 with manufacturing operations in Uttarakhand. The company produces a broad range of electrical products, including power cables, control and instrumentation cables, communication cables, house wires, FRLSH cables, solar cables, and other specialised cable products.