6 Financially Strong Small-Cap Stocks with Perfect Piotroski Score of 9
Six small-cap companies achieved perfect Piotroski Score of 9, indicating exceptional financial strength. Time Technoplast and IRB Infrastructure showed strong revenue and profit growth in Q2 FY26, while Emami and Nitin Spinners faced temporary revenue declines but maintained robust fundamentals. Gokul Agro Resources demonstrated outstanding 38% revenue growth, and Nirlon Limited achieved remarkable 164% net profit growth, showcasing diverse sector strength.
*this image is generated using AI for illustrative purposes only.
Six small-cap companies have achieved the maximum Piotroski Score of 9, demonstrating exceptional financial strength and robust fundamentals. The Piotroski Score is a financial rating system that measures company strength on a scale of 0 to 9, where higher scores indicate strong fundamentals and financial health, while lower scores may signal potential weaknesses.
Manufacturing and Infrastructure Leaders
Time Technoplast Limited stands out with a market capitalization of ₹8,910.12 crore and shares trading at ₹180.50, representing a 2.01% decline from the previous day's close of ₹184.20. The company demonstrates strong financial metrics with ROCE and ROE of 17.40% and 14.20% respectively, along with an EPS of ₹9.27 and a conservative debt-to-equity ratio of 0.22x.
| Financial Metric | Q2 FY25 | Q2 FY26 | Growth (%) |
|---|---|---|---|
| Revenue | ₹1,371 cr | ₹1,511 cr | +10.21% |
| Net Profit | ₹100 cr | ₹117 cr | +17.00% |
Time Technoplast manufactures polymer and composite products, including industrial packaging solutions, composite LPG and CNG cylinders, pipes, automotive components, and lifestyle products across multiple facilities in India and overseas.
IRB Infrastructure Developers Limited commands a market capitalization of ₹25,061.85 crore with shares at ₹41.50, down 1.66% from ₹42.20. The company maintains ROCE and ROE of 7.82% and 5.91% respectively, with an EPS of ₹10.90 and debt-to-equity ratio of 1.02x.
| Performance Indicator | Q2 FY25 | Q2 FY26 | Change (%) |
|---|---|---|---|
| Revenue | ₹1,586 cr | ₹1,751 cr | +10.40% |
| Net Profit | ₹100 cr | ₹141 cr | +41.00% |
Consumer Goods and Textile Sector Performance
Emami Limited holds a market capitalization of ₹22,298.68 crore with shares trading at ₹507.85, declining 1.69% from ₹516.60. Despite revenue challenges, the company maintains exceptional ROCE and ROE of 32.40% and 30.20% respectively, with EPS of ₹17.30 and minimal debt-to-equity ratio of 0.02x.
Nitin Spinners Limited, with a market cap of ₹1,743.94 crore and shares at ₹310.20, shows ROCE and ROE of 13.20% and 14.30% respectively. The company reported an EPS of ₹29.70 and debt-to-equity ratio of 0.67x.
| Company | Revenue Change | Profit Change |
|---|---|---|
| Emami Limited | -10.33% (₹891 cr to ₹799 cr) | -29.86% (₹211 cr to ₹148 cr) |
| Nitin Spinners | -7.65% (₹823 cr to ₹760 cr) | -16.67% (₹42 cr to ₹35 cr) |
High-Growth Performers
Gokul Agro Resources Limited demonstrates exceptional growth with a market capitalization of ₹4,925 crore and shares at ₹166.90. The company achieved outstanding ROCE and ROE of 34.20% and 27.00% respectively, with EPS of ₹9.96 and debt-to-equity ratio of 0.48x.
Nirlon Limited shows remarkable performance with a market cap of ₹4,487.88 crore and shares at ₹498.00, gaining 0.70%. The company maintains ROCE and ROE of 30.20% and 59.90% respectively, with EPS of ₹35.30, though carrying a higher debt-to-equity ratio of 2.47x.
| High Performers | Revenue Growth | Profit Growth |
|---|---|---|
| Gokul Agro Resources | +38.00% (₹4,810 cr to ₹6,638 cr) | +42.25% (₹71 cr to ₹101 cr) |
| Nirlon Limited | +3.13% (₹160 cr to ₹165 cr) | +164.29% (₹56 cr to ₹148 cr) |
Business Operations Overview
These companies operate across diverse sectors, from IRB Infrastructure's road development under BOT, TOT, and EPC models to Emami's consumer brands including Navratna, BoroPlus, and Kesh King. Nitin Spinners focuses on cotton and blended yarn manufacturing with exports to over 50 countries, while Gokul Agro Resources specializes in edible oil refining and agro-commodity trading. Nirlon Limited operates the Nirlon Knowledge Park in Mumbai, focusing on real estate development and property management.
All six companies demonstrate the financial discipline and operational efficiency reflected in their perfect Piotroski Score of 9, indicating strong fundamentals across different market segments and business cycles.
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