Piotroski score 8 and above
fundamentals improving everywhere
Financially strong companies scoring 8 or 9 on the Piotroski F-score.
On 6 Nov 2026, the Piotroski score 8 and above screen finds 158 companies on NSE and BSE. To pass, a company needs: Piotroski score at least 8; Market Capitalization above ₹500 Cr. The largest industry groups are Automobile and Auto Components (27) and Chemicals (20) out of 158 companies, with a median market cap of ₹4,031 Cr and a median P/E of 25.5×. Sorted by Market Capitalization (highest first), the first three are Bharti Airtel, UltraTech Cement and JSW Steel; 876 other companies could not be tested because data was missing.
The Piotroski F-score awards one point for each of nine tests: positive profit and operating cash flow, improving return on assets, cash flow above profit, falling leverage, a better current ratio, no new shares issued, a rising gross margin and better asset turnover.
A score of 8 or 9 points to a business whose fundamentals are improving across the board. We compute it from the last two financial years.
158 companies pass
| 30 days | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2,107.20 | 13,15,371 | 8 | 20.2% | 16.7% | 1.00 | 41.5 | ||
| 12,450.00 | 3,66,110 | 8 | 11.5% | 11.8% | 0.38 | 41.6 | ||
| 1,357.10 | 3,31,265 | 8 | 31.9% | 18.7% | 0.62 | 11.7 | ||
| 231.76 | 2,91,561 | 8 | 11.6% | 12.6% | 0.43 | 5.9 | ||
| 396.00 | 2,89,467 | 8 | 26.7% | 31.9% | 0.00 | 45.3 | ||
| 568.10 | 2,40,040 | 8 | 95.4% | 62.0% | 0.22 | 11.5 | ||
| 1,831.00 | 1,79,476 | 8 | 19.2% | 19.8% | 0.07 | 29.4 | ||
| 1,579.00 | 1,60,827 | 9 | 25.7% | 28.5% | 0.03 | 60.0 | ||
| 418.80 | 1,45,829 | 8 | 11.3% | 6.6% | 0.22 | 50.6 | ||
| 2,340.00 | 1,26,433 | 8 | 24.0% | 19.5% | 0.42 | 94.4 | ||
| 724.75 | 1,25,562 | 8 | 6.7% | 7.2% | 0.35 | 160.7 | ||
| 4,785.00 | 1,15,255 | 8 | 53.5% | 61.2% | 0.27 | 43.2 | ||
| 98.75 | 1,05,277 | 9 | – | 10.4% | – | 240.9 | ||
| 4,018.00 | 1,02,879 | 8 | 53.4% | 58.5% | 0.01 | 71.3 | ||
| 261.75 | 1,02,208 | 8 | 48.2% | 21.3% | 1.34 | 9.2 | ||
| 2,809.00 | 1,00,034 | 9 | 29.0% | 29.2% | 0.04 | 67.2 | ||
| 25,100.00 | 90,563 | 8 | 6.9% | 10.2% | 0.09 | 57.2 | ||
| 1,664.40 | 83,220 | 9 | 26.5% | 21.1% | 0.86 | 42.3 | ||
| 387.15 | 82,379 | 8 | 2.6% | 23.3% | 1.40 | 57.4 | ||
| 2,590.00 | 73,096 | 9 | 14.1% | 16.2% | 0.06 | 50.4 | ||
| 2,185.30 | 60,677 | 8 | 25.3% | 28.0% | 0.17 | 46.3 | ||
| 4,515.20 | 60,499 | 9 | 24.0% | 24.0% | 0.11 | 75.9 | ||
| 1,219.50 | 60,302 | 8 | 21.3% | 22.8% | 0.49 | 101.1 | ||
| 766.90 | 57,898 | 8 | 11.1% | 11.9% | 0.34 | 55.3 | ||
25MRFMRF | 1,25,295.00 | 53,139 | 9 | 12.3% | 15.6% | 0.15 | 22.0 | |
| 3,169.30 | 52,297 | 9 | 10.5% | 13.7% | 0.03 | 46.3 | ||
| 915.55 | 51,594 | 8 | 20.4% | 26.8% | 0.01 | 84.6 | ||
| 1,941.80 | 49,264 | 9 | 15.2% | 16.4% | 0.08 | 35.1 | ||
| 9,010.00 | 46,250 | 8 | 22.6% | 18.7% | 0.28 | 50.8 | ||
30UPLUPL | 534.90 | 45,214 | 8 | 5.5% | 9.9% | 0.83 | 23.9 | |
| 421.15 | 40,726 | 9 | 30.6% | 34.5% | 0.03 | 35.9 | ||
| 5,239.80 | 40,487 | 8 | 13.6% | 13.3% | 1.01 | 42.3 | ||
| 174.41 | 36,333 | 8 | 8.2% | 9.2% | 0.01 | 38.9 | ||
| 1,947.00 | 31,641 | 8 | 7.8% | 6.4% | 0.41 | 77.2 | ||
| 175.67 | 30,788 | 8 | 29.1% | 19.0% | 0.60 | 7.0 | ||
| 415.95 | 26,312 | 8 | 10.5% | 8.0% | 0.31 | 15.1 | ||
| 1,370.80 | 23,410 | 8 | 14.6% | 19.9% | 0.46 | 20.6 | ||
| 839.25 | 23,264 | 8 | 44.1% | 46.4% | 0.03 | 29.8 | ||
| 692.30 | 23,120 | 8 | 7.2% | 8.3% | 0.28 | 37.2 | ||
| 3,767.70 | 21,093 | 8 | 16.7% | 20.4% | 0.00 | 78.7 | ||
| 334.75 | 20,344 | 8 | 1.0% | 1.3% | 0.11 | 276.7 | ||
| 817.35 | 19,313 | 9 | 9.0% | 9.6% | 0.48 | 30.0 | ||
| 191.30 | 18,922 | 8 | 45.5% | 65.0% | 0.03 | 18.7 | ||
| 162.45 | 18,759 | 9 | 3.3% | 3.5% | 0.06 | 116.9 | ||
| 251.31 | 17,399 | 8 | 53.1% | 34.5% | 0.25 | 12.1 | ||
| 423.25 | 17,083 | 8 | 43.0% | 64.3% | 0.04 | 27.4 | ||
| 712.65 | 16,773 | 8 | 14.9% | 14.9% | 0.55 | 30.5 | ||
| 2,327.40 | 15,863 | 8 | 28.4% | 24.7% | 0.67 | 43.7 | ||
| 436.10 | 15,367 | 9 | 14.9% | 16.1% | 0.30 | 13.8 | ||
| 1,565.60 | 15,050 | 9 | 6.0% | 7.1% | 0.85 | 35.8 | ||
| Median of 158 | – | 4,031 | 8 | 14.7% | 17.2% | 0.27 | 25.5 |
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