10 Greatest Debt Free Penny Shares in India 2024

0
1
10 Greatest Debt Free Penny Shares in India 2024
10 Greatest Debt Free Penny Shares in India 2024


1. Brightcom Group

Brightcom Group is the primary on our record of debt-free penny shares underneath ₹50, which returned 200.25% throughout a three-year interval, whereas the Nifty Smallcap 100 returned 87.89%. Brightcom Group has been owned by 81.62% of the general public and 1three years The declared web revenue of ₹1370.99 cr is 0.51 instances smaller than the working money move of ₹702.55 cr

2. PTL Enterprises Ltd

The inventory returned 103.84% over three years, whereas the Nifty Smallcap 100 returned 87.89%. Over the previous 5 years, the corporate has maintained an efficient common working margin of 90.99%.

It has an efficient Money Conversion Cycle of 0 days and good money move administration, with a CFO/PAT ratio of 1.01.

3. Bartronics India Ltd

Bartronics India Ltd returned 856.25% over three years, whereas the Nifty Smallcap 100 returned 87.89%. The desk displays that the corporate has a robust TTM EPS which makes it a great funding. The low PE ratio and TTM EPS of 14.42 replicate that buyers get good returns on their investments.

4. Simple Journey Planners Ltd.

The corporate has maintained an efficient common working margin of 21.79% over the past 5 years. The corporate has a big promoter holding of 64.30% and a robust liquidity place, with a present ratio of 2.21. Simple Journey Planners has a 64.30% promoter stake and a 35.70% public holding.

5. Swiss Navy Client Items

Swiss Navy Client Items Restricted trades and markets way of life merchandise. It gives journey gear, baggage and baggage, journey equipment, electronics, and different related issues. The corporate intends to determine its first fully owned manufacturing facility for luggage and journey equipment in Faridabad.

Swiss Navy Client Items’ promoter stake is 63.85%, with the general public holding 36.15%. The FII holding was 0.05% on March 31, 2024, and had grown from the earlier quarter.

6. Jaiprakash Energy Ventures Ltd

Jaiprakash Energy Ventures has a 24% promoter stake and 76.00% public possession. The corporate made a web revenue of 588.79 crores within the final quarter. The FII place in Jaiprakash Energy Ventures was 6.06% as of March 31, 2024. The FII holding has grown because the previous quarter.

7. Mishtann Meals

Mishtann Meals returned 712.98% over three years, whereas the Nifty Smallcap 100 returned 87.89%. The corporate’s fundamentals are additionally sturdy, with latest fiscal years seeing enhancements in property and income. The corporate has supplied its rights problem at a premium of round 25%

8. NCL Analysis and Monetary Companies Ltd

NCL Analysis and Monetary Companies Ltd trades quite a lot of textile merchandise in India. It exports high-quality materials and invests in shares and securities. The corporate had a QoQ income improve of 300.69%, the best within the prior three years. It invested ₹24.54 crore, representing a 620.06% year-on-year development.

9. Century Extrusions Ltd

Century Extrusions has a 52.04% promoter holding and a 47.96% public holding. The FII holding in Century Extrusions was 0.14% as of March 31, 2024. Rising Internet Money Circulate and Money from Working Exercise point out that the inventory is optimistic proper now and price investing in.

10. KBS India Ltd

Over the past three years, KBS India Ltd has grown its income by 35.39%. The corporate spent 1.37% of its operational revenues on curiosity expenses and 44.65% on labor prices within the fiscal 12 months ending March 31, 2023.

Elements to Take into account Earlier than Investing

Investing in debt-free penny shares underneath ₹50 may be attractive for buyers searching for potential excessive returns Investingcost. Listed below are a number of components to contemplate earlier than investing:

  • Consider the corporate’s basic power, together with its enterprise mannequin, gross sales development, profitability, and money move.

  • Overview the corporate’s monetary paperwork, notably the steadiness sheet, money move assertion, and debt-related disclosures, to make sure that it’s certainly debt-free.

  • Earlier than investing in debt-free penny shares, take into consideration your threat tolerance and funding time horizon.

  • When investing in shares, take into account your monetary objectives and time horizon. Decide if you’re making long-term or short-term investments, after which alter your plan accordingly.

  • To evaluate if a inventory is affordable or overvalued, take into account valuation metrics such because the price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and price-to-sales (P/S).

LEAVE A REPLY

Please enter your comment!
Please enter your name here