A company is said to be ‘Fundamentally Strong’ when it enjoys the luxury of having a lesser amount of debt in the company leading to a lower burden of short-term obligations. In addition to the above, the financial metrics of such companies are strong enough that they can survive times of distress in the industry.
Listed below are 3 such fundamentally strong companies under Rs 50:
Salasar Techno Engineering Limited:
The company’s shares are currently trading at Rs 48.60, down around 1.50 percent as compared to the previous closing price of Rs 49.35. It has a market capitalization of Rs 1,534 crores.
In the last one year, the stock has been successful in generating multibagger returns of around 104 percent which means that if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 2.04 Lakhs within a period of one year.
The latest financial results exhibit an increase in operating revenues from Rs 718 crores during FY21-22 to Rs 1,004 crores in FY22-23. Moreover, the net profit numbers, keeping the timeframe the same, have gone up from Rs 31 crores to Rs 40 crores.
Salasar Techno Engineering Limited is involved in the business of manufacturing galvanized steel structures and other allied activities.
Bank of Maharashtra Limited:
The company’s shares are currently trading at Rs 27.80, down around 0.55 percent as compared to the previous closing price of Rs 27.90. It has a market capitalization of Rs 19,650 crores. In the last one year, the stock has generated returns of around 83 percent ranging from Rs 15.15 to the current levels.
The latest financial results exhibit an increase in operating revenues from Rs 13,019 crores during FY21-22 to Rs 15,898 crores in FY22-23. Moreover, the net profit numbers, keeping the timeframe the same, have gone up from Rs 1,152 crores to Rs 2,603 crores.
Bank of Maharashtra Limited is a banking corporation based in India providing a wide range of schemes such as current accounts, savings accounts, capital gain accounts, etc.
Central Bank Of India:
The company’s shares are currently trading at Rs 29.20, gaining around 6 percent as compared to the previous closing price of Rs 27.55. It has a market capitalization of Rs 25,391 crores. In the last one year, the stock has generated returns of around 77 percent ranging from Rs 16.45 to the current levels.
The latest financial results exhibit an increase in operating revenues from Rs 22,903 crores during FY21-22 to Rs 25,657 crores in FY22-23. Moreover, the net profit numbers, keeping the timeframe the same, have stayed at uniform levels of Rs 1,609 crores.
Established in 1911, the Central Bank of India is a banking institution providing personal banking services including retail loans, deposits, agricultural loans, etc.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
