Waaree Energies and 3 other energy stocks with Piotroski Score of 9 to keep in your radar

The Piotroski score is a rating from 0 to 9 that evaluates a company’s financial health based on nine criteria. It helps identify value stocks, with 9 being the best and 0 the worst. Created by Chicago accounting professor Joseph Piotroski, the score focuses on recent financial statement performance.

Here are some of the Energy Stocks with Piotroski Score of 9 to keep in your radar:

1. Waaree Energies Ltd

The shares of Waaree Energies Ltd, with a market capitalization of Rs 64,552.53 Crores on Friday, closed at Rs 2,247 per share which was 2.7% lower than the previous closing price of Rs 2,309. The company has a high piotroski of Nine.

The company reported an increase in revenue from operations of 117% from Rs 1,596 Crores in Q3FY24 to Rs 3,457 Crores in Q3FY25. Its Net Profits jumped 371% from Rs 141 Crores to Rs 507 Crores. 

It is India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 13.3 GW. WEL is focused on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy. It has four solar module manufacturing facilities in India, with international presence.

2. Zodiac Energy Ltd

The shares of Zodiac Energy Ltd, with a market capitalization of Rs 691.40 Crores on Friday, closed at Rs 458 per share which was 1.23% lower than the previous closing price of Rs 464. The company has a high piotroski of Nine.

The company reported an increase in revenue from operations of 122% from Rs 46.92 Crores in Q3FY24 to Rs 104.33 Crores in Q3FY25. Its Net Profits jumped 94% from Rs 2.95 Crores to Rs 5.71 Crores. 

Zodiac Energy Ltd is engaged in providing turnkey solutions from concept to commissioning of power plants. The company is primarily engaged in installation of solar power generation plants/ items. Their services include Solar Photovoltaic system, concentrating solar power system, diesel/gas based captive power plants, and emerging technologies. 

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3. Hitachi Energy Ltd

The shares of Hitachi Energy Ltd, with a market capitalization of Rs 48,972.03 Crores on Friday, closed at Rs 11,555 per share which was 2.28% higher than the previous closing price of Rs 11,297. The company has a high piotroski of Nine.

The company reported an increase in revenue from operations of 27.2% from Rs 1,274 Crores in Q3FY24 to Rs 1,620 Crores in Q3FY25. Its Net Profits jumped 498% from Rs 23 Crores to Rs 137 Crores. 

The Company is a prominent player in the power technology industry, widely recognized for its comprehensive energy technology portfolio. It specializes in providing sustainable solutions that help meet the increasing demand for electricity with minimum environmental impact. It has an extensive installed base for manufacturing of electric motors, generators, transformers and electricity distribution and control apparatus and has a countrywide marketing and service presence.

4. Triveni Turbine Ltd

The shares of Triveni Turbine Ltd, with a market capitalization of Rs 18,627.59 Crores, closed at Rs 586 per share which was 1.4% higher than the previous closing price of Rs 578. The company has a high piotroski of Nine.

The company reported an increase in revenue from operations of 16.6% from Rs 432 Crores in Q3FY24 to Rs 503 Crores in Q3FY25. Its Net Profits increased 35% from Rs 68 Crores to Rs 93 Crores. 

The company is majorly engaged in the business of manufacturing and supply of power generating equipment and solutions and has manufacturing facilities in Bengaluru, Karnataka. Around 6,000 steam turbines supplied by the company are installed across 20 industries in over 75 countries. The company’s product profile is backpressure turbines, condensing turbines, API steam turbines and smart turbines. 

Written By Adhvaitha Nayani

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