Being debt-free is the most preferable scenario as it equips the company to survive the stressful business cycles. Listed below are 4 such stocks with zero debt held by ace investor Mr. Mukul Agrawal:
TAAL Enterprises Limited
TAAL Enterprises Limited is engaged in the business of providing air-charter service for Luxury private air charters to any destination. Geographically, the group has a business presence within India and overseas, which derives the majority of revenue for the company.
The company’s shares closed today at Rs 1,912.40, down around 9 percent as compared to the previous closing price of Rs 2,102.75. The company has a market capitalization of Rs 595 crores.
Mr. Mukul Agrawal holds a 8.92 percent stake in the company equating to 2,77,931 equity shares. The current holding value of the investment stands at Rs 53.2 crores.
Having a look at the financials of the company, the operating revenues improved from Rs 129 crores during FY21-22 to Rs 159 crores in FY22-23. On the contrary, the net profits of the company slightly moved down from Rs 32 crores to Rs 31 crores.
Delta Corp Limited
Delta Corp Limited is engaged in the gaming industry in India with operating segments including online skill gaming, hospitality, etc. It generates a majority of its revenue from the ‘Gaming’ segment. Geographically, it derives most of its revenue from domestic operations within India.
The company’s shares closed today at Rs 242.60, up around 0.7 percent as compared to the previous closing price of Rs 241.05. The company has a market capitalization of Rs 6,491 crores.
Mr. Mukul Agrawal holds a 1.12 percent stake in the company equating to 30,00,000 equity shares. The current holding value of the investment stands at Rs 72.8 crores.
Having a glance at the financials of the company, the operating revenues improved from Rs 616 crores during FY21-22 to Rs 1,021 crores in FY22-23. Likewise, the net profits of the company increased from Rs 67 crores to Rs 261 crores.
SG Finserve Limited
SG Finserve Limited, formerly Moongipa Securities Limited, is a company based in India that is engaged in the business of investing activities, investment banking, investment research, wealth management, etc.
The shares of SG Finserve Limited closed today at Rs 687.55, down around 1.80 percent as compared to the previous closing price of Rs 699.75. The company has a market capitalization of Rs 2,837 crores.
Mr. Mukul Agrawal holds a 2.42 percent stake in the company equating to 10,00,000 equity shares. The current holding value of the investment stands at Rs 68.8 crores.
Having a walkthrough of the financials of the company, the operating revenues were reported at Rs 4,025 Lakhs in FY22-23. Moreover, the net profits of the company saw an increase from Rs 78 Lakhs to Rs 1,841 Lakhs.
MPS Limited
Established in 1970, MPS Limited is a leading global provider of platforms, content, and learning solutions for the digital world. The company is now a global partner to the world’s leading enterprises, publishers, learning companies, and content aggregators.
The shares of MPS Limited closed today at Rs 1,061.45, down around 4 percent as compared to the previous closing price of Rs 1,104.30. The company has a market capitalization of Rs 1,815 crores.
Mr. Mukul Agrawal holds a 4.46 percent stake in the company equating to 7,62,457 equity shares. The current holding value of the investment stands at Rs 80.9 crores.
Having a look at the financials of the company, the operating revenues improved from Rs 449 crores during FY21-22 to Rs 501 crores in FY22-23. Likewise, the net profits of the company increased from Rs 87 crores to Rs 109 crores.
Written by Amit Madnani
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