One of the most important factors for companies present in the “Small-cap” category is to keep the debt-to-equity ratios under check and match with the level of operations furthermore enjoying an edge over the peers in the shareholding.
Listed below are 3 small-cap stocks under Rs 200 having a debt-to-equity ratio of ‘zero’:
Castrol India Limited
The shares of Castrol India Limited closed on Friday at Rs 134.45, gaining around 2.60 percent as compared to the previous closing levels of Rs 131.05. The company has a market capitalization of Rs 13,300 crores.
Having a ‘nil’ debt-to-equity ratio, the company has observed improvements in the basic operational parameters such as revenues and after-tax profits.
In the recent period, the standalone revenues grew from Rs 4,192 crores during FY21-22 to Rs 4,774 crores in FY2-23, and, the profits, keeping the timeframe the same, went up from Rs 758 crores to Rs 815 crores.
Castrol India Limited is engaged in the business of manufacturing and selling transmission fluids, oil, and other lubricants to the ‘Automotive’ industry. The majority of the company’s revenue is contributed by domestic operations in India.
Engineers India Limited
The shares of Engineers India Limited closed on Friday at Rs 135, gaining around 4.20 percent as compared to the previous closing levels of Rs 129.60. The company has a market capitalization of Rs 7,600 crores.
Since March 2023, the company’s stock has rallied more than 85 percent from Rs 72.60 to the current price level. Having a ‘nil’ debt-to-equity ratio, the company has observed decent growth in the basic operational parameters such as revenues and after-tax profits.
In the recent period, the revenues grew from Rs 2,912 crores during FY21-22 to Rs 3,330 crores in FY2-23, and, the profits, keeping the timeframe the same, went up marginally from Rs 342 crores to Rs 344 crores.
Engineers India Limited is a company based in India that provides engineering, construction, as well as procurement services.
Gujarat Pipavav Port Limited
The shares of Gujarat Pipavav Port Limited closed on Friday at Rs 122.20, gaining around 1.20 percent as compared to the previous closing levels of Rs 120.75. The company has a market capitalization of Rs 5,900 crores.
Having a ‘nil’ debt-to-equity ratio, the company has been successful in observing positive movements in the basic operational parameters such as revenues and after-tax profits.
In the recent period, the revenues grew from Rs 743 crores during FY21-22 to Rs 916 crores in FY2-23, and, the profits, keeping the timeframe the same, went up from Rs 193 crores to Rs 291 crores.
Gujarat Pipavav Port Limited, in a duopoly with Adani Ports, is involved in the business of constructing, maintaining as well as operating a terminal port at Pipavav in Gujarat. It facilitates imports and exports of dry bulk cargo, liquid cargo, and roll-on/roll-off cargo.
Written by Amit Madnani
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