6 Financially Strong Small-Cap Stocks with High Piotroski Scores to Watch
The Piotroski Score is a financial rating that measures a company’s strength on a scale of 0 to 9. A higher score indicates strong fundamentals and financial health, while a lower score may signal weakness. In this article, we highlight small-cap stocks that have achieved the highest Piotroski Score of 9, reflecting robust financial performance. Here are a few financially strong small-cap stocks that have a high Piotroski score of 9.
Time Technoplast Limited
With a market capitalization of Rs. 8,910.12 crore, the shares of Time Technoplast Limited were currently trading at Rs. 180.50 per equity share, down nearly 2.01 percent from its previous day’s close price of Rs. 184.20. Time Technoplast Limited has a high Piotroski score of 9, and the company’s ROCE and ROE stand at 17.4 percent and 14.2 percent, respectively. The company has an earnings per share (EPS) of Rs. 9.27, and its debt-to-equity ratio is 0.22x. Financial highlights show that Time Technoplast Limited’s revenue has increased from Rs. 1,371 crore in Q2 FY25 to Rs. 1,511 crore in Q2 FY26, growing by 10.21 percent. The net profit has also grown by 17 percent from Rs. 100 crore in Q2 FY25 to Rs. 117 crore in Q2 FY26. Time Technoplast Limited is engaged in manufacturing polymer and composite products, including industrial packaging solutions, composite LPG and CNG cylinders, pipes, automotive components, and lifestyle products. The company operates multiple manufacturing facilities across India and overseas, serving industrial, infrastructure, automotive, and consumer sectors.
IRB Infrastructure Developers Limited
With a market capitalization of Rs. 25,061.85 crore, the shares of IRB Infrastructure Developers Limited were currently trading at Rs. 41.50 per equity share, down nearly 1.66 percent from its previous day’s close price of Rs. 42.20. IRB Infrastructure Developers Limited has a high Piotroski score of 9, and the company’s ROCE and ROE stand at 7.82 percent and 5.91 percent, respectively. IRB Infrastructure Developers Limited has an earnings per share (EPS) of Rs. 10.9, and its debt-to-equity ratio is 1.02x. Financial highlights show that IRB Infrastructure Developers Limited’s revenue has increased from Rs. 1,586 crore in Q2 FY25 to Rs. 1,751 crore in Q2 FY26, growing by 10.40 percent. The net profit has also grown by 41 percent from Rs. 100 crore in Q2 FY25 to Rs. 141 crore in Q2 FY26. IRB Infrastructure Developers Limited is engaged in developing, constructing, operating, and maintaining road and highway infrastructure in India. The company executes projects under BOT, TOT, and EPC models and is one of India’s largest private road developers with extensive toll road assets.
Emami Limited
With a market capitalization of Rs. 22,298.68 crore, the shares of Emami Limited were currently trading at Rs. 507.85 per equity share, down nearly 1.69 percent from its previous day’s close price of Rs. 516.60. Emami Limited has a high Piotroski score of 9, and the company’s ROCE and ROE stand at 32.4 percent and 30.2 percent, respectively. Emami Limited has an earnings per share (EPS) of Rs. 17.3, and its debt-to-equity ratio is 0.02x. Financial highlights show that Emami Limited’s revenue has decreased from Rs. 891 crore in Q2 FY25 to Rs. 799 crore in Q2 FY26, a drop of 10.33 percent. The net profit has also decreased by 29.86 percent from Rs. 211 crore in Q2 FY25 to Rs. 148 crore in Q2 FY26. Emami Limited is engaged in manufacturing and marketing fast-moving consumer goods across personal care and healthcare categories. Its portfolio includes brands such as Navratna, BoroPlus, Fair and Handsome, and Kesh King, with a strong domestic distribution network and growing international presence.
Nitin Spinners Limited
With a market capitalization of Rs. 1,743.94 crore, the shares of Nitin Spinners Limited were currently trading at Rs. 310.20 per equity share, down nearly 0.99 percent from its previous day’s close price of Rs. 313.30. Nitin Spinners Limited has a high Piotroski score of 9, and the company’s ROCE and ROE stand at 13.2 percent and 14.3 percent, respectively. Nitin Spinners Limited has an earnings per share (EPS) of Rs. 29.7, and its debt-to-equity ratio is 0.67x. Financial highlights show that Nitin Spinners Limited’s revenue has decreased from Rs. 823 crore in Q2 FY25 to Rs. 760 crore in Q2 FY26, a drop of 7.65 percent. The net profit has also decreased by 16.67 percent from Rs. 42 crore in Q2 FY25 to Rs. 35 crore in Q2 FY26. Nitin Spinners Limited is engaged in manufacturing cotton and blended yarns, woven fabrics, and knitted fabrics. Operating from integrated facilities in Rajasthan, the company supplies to domestic and international textile markets and exports its products to over 50 countries worldwide.
Gokul Agro Resources Limited
With a market capitalization of Rs. 4,925 crore, the shares of Gokul Agro Resources Limited were currently trading at Rs. 166.90 per equity share, down nearly 0.18 percent from its previous day’s close price of Rs. 167.20. Gokul Agro Resources Limited has a high Piotroski score of 9, and the company’s ROCE and ROE stand at 34.2 percent and 27 percent, respectively. Gokul Agro Resources Limited has an earnings per share (EPS) of Rs. 9.96, and its debt-to-equity ratio is 0.48x. Financial highlights show that Gokul Agro Resources Limited’s revenue has increased from Rs. 4,810 crore in Q2 FY25 to Rs. 6,638 crore in Q2 FY26, growing by 38 percent. The net profit has also grown by 42.25 percent from Rs. 71 crore in Q2 FY25 to Rs. 101 crore in Q2 FY26. Gokul Agro Resources Limited is engaged in refining and manufacturing edible oils such as soybean, sunflower, and palm oil, along with vanaspati and agro-commodity trading. The company operates large-scale processing facilities and serves both domestic and export markets.
Nirlon Limited
With a market capitalization of Rs. 4,487.88 crore, the shares of Nirlon Limited were currently trading at Rs. 498 per equity share, rising nearly 0.70 percent from its previous day’s close price of Rs. 494.55. Nirlon Limited has a high Piotroski score of 9, and the company’s ROCE and ROE stand at 30.2 percent and 59.9 percent, respectively. Nirlon Limited has an earnings per share (EPS) of Rs. 35.3, and its debt-to-equity ratio is 2.47x. Financial highlights show that Nirlon Limited’s revenue has increased from Rs. 160 crore in Q2 FY25 to Rs. 165 crore in Q2 FY26, growing by 3.13 percent. The net profit has also grown by 164.29 percent from Rs. 56 crore in Q2 FY25 to Rs. 148 crore in Q2 FY26. Nirlon Limited is engaged in real estate development and property management. Its primary asset is Nirlon Knowledge Park, a large industrial and IT park in Mumbai, where the company focuses on leasing, facility management, and long-term value creation from commercial real estate assets.
