A company is fundamentally strong in nature when it has robust financials over the years, those companies adopt strategic plans to obtain greater market share and eventually to improve their revenue, Due to different barriers or a slowdown in the economy, such companies encounter certain challenges to overcome.
Listed below are three such stocks which are down by more than 30% from their 52-week high price.
Fine Organics Industries Ltd.
Established in 1970, Fine Organic Industries is engaged in manufacturing, and distributors of a wide range of oleochemical-based additives used in foods, plastics, and cosmetics. The company services both domestic and international markets and is present in 80 different nations.
Shares of Fine Organics Industries Ltd. were trading at ₹ 4,490 on Wednesday’s trading session from the previous close price of ₹ 4,476.05. The stock is down by 38.64 percent from its 52-week high price of ₹ 7,326.45. The company has a market cap of ₹ 13,787 crore
On a YoY comparison of the metrics, the revenues significantly improved from ₹ 1,876 crores during FY 21-22 to ₹ 3,023 crores in FY 22-23. The PAT numbers have shifted upwards within the same timeframe mentioned, from ₹ 260 crores to ₹ 619 crores.
Profitability ratios have improved in recent years. ROE has increased from 27.06 percent in FY 21-22 to 40.09 percent in FY 22-23, while ROCE has increased from 36.30 percent to 54.94 percent during the same time period, and the debt-equity ratio is 0.02.
The company’s marginal ratios have improved, with the net profit margin improving from 13.89 percent in FY 21-22 to 20.50 percent in FY 22-23, and the operating profit margin increasing from 19.06 percent to 28.02 percent.
According to the latest shareholding pattern, promoters of the company hold a 75 percent stake, and Domestic institutional investors (DIIs) hold a 12.05 percent stake in the company for FY 22-23
Shipping Corporation of India Ltd
The Shipping Corporation of India Ltd is a Public Sector Undertaking company that operates and manages vessels servicing both national and international lines. It is the only Indian shipping company operating break-bulk service, international container service, and liquid/dry bulk service.
Shares of shipping corporation of India Ltd were trading at ₹ 94.95 on Wednesday’s trading session from the previous close price of ₹ 95. The stock is down by 37.30 percent from its 52-week high price of ₹ 151.30. The company has a market cap of ₹ 4,418 crore.
On a YoY comparison of the metrics, the revenues significantly improved from ₹ 4,994 crores during FY 21-22 to ₹ 5,794 crores in FY 22-23. The PAT numbers have increased slightly within the same timeframe mentioned, from ₹ 793 crores to ₹ 799 crores.
Profitability ratios have improved in recent years.ROE has increased from 9.51 percent in FY 21-22 to 12.60 percent in FY 22-23, while ROCE has increased from 8.77 percent to 10.59 percent during the same time period, and the debt-equity ratio is 0.37.
According to the latest shareholding pattern, promoters of the company hold a 63.75 percent stake, and Foreign institutional investors (FIIs) hold a 3.23 percent stake in the company for FY 22-23
Tata Elxsi Ltd
Tata Elxsi is engaged in providing design and technology services for Automotive, Media, Communications and Healthcare industries. The company offers end-to-end solutions across the product life cycle. Such as integration of electronics and mechanical design, software development, validation, and deployment.
Shares of Tata Elxsi were trading at ₹ 7,430 on Wednesday’s trading session from the previous close price of ₹ 7,411.70. The stock is down by 31.09 percent from its 52-week high price of ₹ 10,760.40. The company has a market cap of ₹ 46,218 crore.
On a YoY comparison of the metrics, the revenues significantly improved from ₹ 2,470 crores during FY 21-22 to ₹ 3,144 crores in FY 22-23. The PAT numbers have shifted upwards within the same timeframe mentioned, from ₹ 549 crores to ₹ 755 crores.
Profitability ratios of the company in recent years.ROE has increased from 34.33 percent in FY 21-22 to 36.20 percent in FY 22-23, while ROCE has slightly declined from 42.91 percent to 41.73 percent during the same time period, and the company has zero debt-to-equity ratio.
The company’s marginal ratios have improved, with the net profit margin improving from 22.24 percent in FY 21-22 to 24.01 percent in FY 22-23, and The operational profit margin of 30.32 percent has remained constant.
According to the latest shareholding pattern, promoters of the company hold a 43.92 percent stake, and Foreign institutional investors (FIIs) hold a 13.85 percent stake in the company for FY 22-23
Written by Omkar C
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