LIC and 4 different debt-free shares with excessive Piotroski rating as much as 8 so as to add to your watchlist

Synopsis:
Debt-free firms reminiscent of MOIL, Rajoo, Amal, ZF Business and LIC with excessive Piotroski scores exhibit robust monetary well being and development, making them interesting to traders.

Debt-free shares with excessive Piotroski scores are sometimes thought-about robust funding candidates, as they mix monetary stability with sturdy basic efficiency. Being debt-free ensures the corporate has minimal leverage danger and higher monetary flexibility, whereas a excessive Piotroski rating (out of 9) signifies strong profitability, liquidity, and working effectivity. Collectively, these elements spotlight firms with sound stability sheets, constant money flows, and the potential to ship sustainable long-term returns.

What’s the Piotroski Rating and why is it essential?

The Piotroski Rating, or Piotroski F-Rating, is a measure of an organization’s monetary well being developed by Stanford professor Joseph Piotroski. It evaluates companies on a scale of 0 to 9 throughout 9 accounting-based standards, grouped into profitability, leverage/liquidity, and operational effectivity. A rating of seven–9 indicators robust fundamentals, whereas 0–3 suggests monetary weak point.

Traders use this rating to distinguish high-quality firms from weaker ones. In sectors like protection, the place companies rely on long-term contracts, strong monetary footing and operational effectivity are essential for sustained development.

Beneath are checklist of debt free inventory with excessive piotroski rating

1. MOIL Ltd

MOIL Restricted, a miniratna state-owned firm underneath the Authorities of India, is the nation’s largest producer of manganese ore, supplying about 53 p.c of India’s complete manufacturing. Targeted on sustaining home management, it goals to develop globally by means of fashionable expertise and strategic partnerships. Its core enterprise is the mining of manganese ore, a essential materials for producing robust metal.

MOIL Ltd has a market worth of Rs. 7,241.02 crore and is closed at Rs. 355.85 on Friday. The corporate’s P/E stands at 25.8x, which is increased than the trade P/E of 21.4x. The ROCE of 18.8 p.c and ROE of 14.7 p.c, signifies the corporate’s robust monetary place. 

MOIL Ltd has a piotroski rating of 8, and the corporate operates with a debt-free stability sheet, indicating that it has no excellent borrowings and is financially unbiased.

In Q1FY26, it reported income of Rs. 348 crore, down 29.4 p.c YoY from Rs. 493 crore and 19.6 p.c QoQ from Rs. 433 crore, whereas internet revenue fell to Rs. 52 crore, declining 65.8 p.c YoY from Rs. 152 crore and 55.2 p.c QoQ from Rs. 116 crore, reflecting vital strain on each topline and bottomline efficiency.

2. Rajoo Engineers Ltd

Rajoo Engineers Restricted, established in 1986 and promoted by Mr. C.N. Doshi and Mr. R.N. Doshi, is a Gujarat-based producer of plastic extrusion equipment. The corporate focuses on designing and producing machines whereas offering custom-made options tailor-made to consumer wants, with its headquarters situated in Gujarat.

Rajoo Engineers Ltd has a market worth of Rs. 1,711.71 crore and closed at Rs. 95.80 on Friday. The corporate’s P/E stands at 35.9x, which is decrease than the trade P/E of 37.2x. The ROCE of 32.6 p.c and ROE of 26.1 p.c highlights the corporate’s monetary place. Rajoo Engineers Ltd has a piotroski rating of 8, and the corporate doesn’t carry any debt on its books, highlighting a wholesome capital construction and low monetary danger.

In Q1FY26, it reported income of Rs. 85 cr, up 66.7 p.c YoY from Rs. 51 cr in Q1FY25 however down 5.6 p.c QoQ from Rs. 90 cr in Q4FY25. Revenue rose sharply to Rs. 15 cr, a 200 p.c YoY improve from Rs. 5 cr, whereas remaining flat QoQ in comparison with Rs. 15 cr in Q4FY25.

3. Amal Ltd

Amal Ltd, integrated in 1974, is a chemical firm that produces bulk chemical compounds reminiscent of Sulphuric Acid and Oleum for industries like prescribed drugs and textiles. Dedicated to high quality, it goals to be the popular companion for its prospects by providing dependable services and products.

Amal Ltd has a market worth of Rs. 1,078.95 crore and closed at Rs. 872.75 on Friday. The corporate’s P/E stands at 28.2x, which is decrease than the trade P/E of 33.2x. With ROE of 35 p.c and ROCE of 36.3 p.c highlights the corporate’s monetary place. Amal Ltd has a piotroski rating of 8, and the corporate operates totally debt-free, showcasing prudent monetary administration and environment friendly use of inner assets.

In Q1FY26, the corporate reported income of Rs. 47.31 cr, up 131 p.c YoY from Rs. 20.51 cr in Q1FY25 and 21 p.c QoQ from Rs. 38.96 cr in Q4FY25. Revenue rose sharply to Rs. 9.40 cr, marking a 1,988 p.c YoY improve from Rs. 0.45 cr and a 39 p.c QoQ development from Rs. 6.78 cr within the earlier quarter, reflecting robust operational efficiency and improved margins.

4. Life Insurance coverage Company of India Ltd

Life Insurance coverage Company (LIC) is India’s largest insurance coverage supplier, holding over 66 p.c of the brand new enterprise premium market. It affords a spread of merchandise together with taking part insurance policies, unit-linked plans, financial savings, time period, well being, and pension merchandise.

LIC goals to supply life protection mixed with funding returns and envision changing into a globally aggressive monetary conglomerate that contributes to society and represents nationwide satisfaction.

Life Insurance coverage Company of India Ltd has a market worth of Rs. 5,65,612.92 crore and closed at Rs. 894.25 on Friday. The corporate’s P/E stands at 11.6x, which is decrease than the trade P/E of 74.3x. It has an ROE of 45.7 p.c and ROCE of 53.1, indicating the corporate’s monetary place.

Life Insurance coverage Company of India Ltd has a piotroski rating of seven, and with no excellent debt, the corporate demonstrates sturdy monetary stability and self-sufficiency in funding its operations.

In Q1FY26, the corporate posted income of Rs. 2,24,671 cr, up 6 p.c YoY from Rs. 2,11,952 cr in Q1FY25 however down 8 p.c QoQ from Rs. 2,43,134 cr in Q4FY25. Revenue for the quarter stood at Rs. 10,955 cr, reflecting a modest 4 p.c YoY improve from Rs. 10,527 cr, and a 42 p.c decline QoQ from Rs. 19,039 cr, indicating seasonal or operational impacts on quarterly earnings.

5. ZF Business Car Management System India Ltd

ZF Business Car Management Methods India, working underneath the ZF WABCO model, is a market chief in India for superior and traditional braking methods, air-assisted applied sciences, and associated providers, together with software program improvement. Headquartered in Chennai, the corporate emphasizes security, accident-free driving, and sustainable transportation options.

ZF Business Car Management System India Ltd has a market worth of Rs. 25,093.92 crore and closed at Rs. 13,229.90 on Friday. The corporate’s P/E stands at 52.3x, which is increased than the trade P/E of 28.7x. IIt has an ROE of 15.1 p.c and ROCE of 20.2, indicating the corporate’s monetary place.

ZF Business Car Management System India Ltd has a piotroski rating of seven, and Being free from debt obligations, the corporate is well-positioned to leverage its money flows for development and enlargement.

In Q1FY26, the corporate posted income of Rs. 963 cr, up 2.7 p.c YoY from Rs. 938 cr in Q1FY25 however down 4 p.c QoQ from Rs. 1,003 cr in Q4FY25. Revenue stood at Rs. 120 cr, rising 21 p.c YoY from Rs. 99 cr, but barely declined 4 p.c QoQ from Rs. 125 cr, indicating secure top-line efficiency with average margin strain.

Written by Akshay Sanghavi

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