4 Debt free small-cap stocks with high Piotroski score of up to 8 to keep an eye on

The Piotroski score, which ranges from zero to nine, evaluates a company’s financial health based on nine factors. To identify the best-value companies, the Piotroski score is employed, with nine being the best and zero representing the worst.

Here are the Debt-free small cap stocks with high Piotroski up to 8:

1. Maharashtra Seamless Ltd

Maharashtra Seamless Limited is an India-based company engaged in manufacturing steel pipes and tubes. The Company operates through segments such as Steel Pipes & Tubes, Power Electricity, and RIG. The Company manufactures seamless pipes and tubes with a product range using CPE technology.

With a market capitalization of Rs 8,740.28 crore, the shares closed at Rs 652.30 per share, increased around 1.42 percent as compared to the previous closing price. The company is debt-free and holds a high Piotroski score of eight.

Looking into the company’s financial condition, revenue decreased by 2 percent from Rs 1,431 crore in Q3FY24 to Rs 1,408 crore in Q3FY25, during the same period of time, net profit plummeted by 32 percent from Rs 276 crore to Rs 186 crore.

2. Bhansali Engineering Polymers Ltd

Bhansali Engineering Polymers Limited is engaged in the manufacturing of acrylonitrile butadiene styrene (ABS) resins and styrene acrylonitrile (SAN) resins, which are classified under the category of highly specialized engineering thermoplastics.

With a market capitalization of Rs 2,707.58 crore, the shares closed at Rs 109 per share, increased around 1.07 percent as compared to the previous closing price. The company is debt-free and holds a high Piotroski score of seven.

Looking into the company’s financial condition, revenue increased by 18 percent from Rs 292 crore in Q3FY24 to Rs 346 crore in Q3FY25, during the same period of time, net profit zoomed by 3 percent from Rs 40 crore to Rs 41 crore.

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3. BF Investment Ltd

BF Investment Limited is an India-based company. The Company is primarily engaged in the business of making investments in group companies. The Company is engaged in holding investments in various Kalyani Group companies.

With a market capitalization of Rs 1,809.18 crore, the shares closed at Rs 480.30 per share, increased around 6.20 percent as compared to the previous closing price. The company is debt-free and holds a high Piotroski score of seven.

Looking into the company’s financial condition, revenue increased by 2.3 percent from Rs 9.05 crore in Q3FY24 to Rs 9.26 crore in Q3FY25, during the same period of time, net profit tumbled by 87 percent from Rs 57.92 crore to Rs 6.99 crore.

4. GM Breweries Ltd

G M Breweries Limited is an India-based company, which is engaged in the manufacture of alcoholic liquor. The Company is primarily engaged in the manufacturing and marketing of alcoholic beverages, such as country liquor (CL) and Indian made foreign liquor (IMFL).

With a market capitalization of Rs 1,551.76 crore, the shares closed at Rs 679.20 per share, increased around 2.40 percent as compared to the previous closing price. The company is debt-free and holds a high Piotroski score of six.

Looking into the company’s financial condition, revenue increased by 5 percent from Rs 157 crore in Q3FY24 to Rs 166 crore in Q3FY25, during the same period of time, net profit tumbled by 4 percent from Rs 23 crore to Rs 22 crore.

Written by Abhishek Singh

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