EPS(Earnings Per Share) is defined as the value of earnings per outstanding share of common stock of the company. Earnings per share represents the firm’s profitability by exhibiting how much money a company produces for every share of its stock, and it is used to evaluate the company’s current financial situation along with its past performance.
Here are three stocks with high EPS that are priced below Rs 500.
West Coast Paper Mills
West Coast Paper Mills Ltd is India’s largest manufacturer of paper for printing,packaging and writing.The company exports their products to Malaysia, Egypt, Middle East, Kenya, Indonesia, Fiji, Mauritius and Greece.
On July 28, the company’s shares closed at Rs 473.75, up 1.66 percent from the previous day’s closing.It has a market capitalization of Rs 3,129 crores. The company has TTM EPS of Rs 142.
West Coast Paper revenue climbed by 46 percent year on year to Rs 4,920 crore in FY 22-23 from Rs 3,377 crore in FY 21-22 ,In the same period of time Net profit increased by 215 percent to Rs 1,087 crore from Rs 345 crore.
Net profit margins improved from 10.24 percent in FY 21-22 to 22.09 percent in FY 22-23, while operating margins increased from 14.18 percent to 31.09 percent.
Ramky Infrastructure Ltd.
Ramky Infrastructure Ltd is one of India’s major civil and infrastructure engineering firm, with expertise in water and wastewater projects, transportation projects, and irrigation projects.
On July 28, the company’s shares closed at Rs 418.85, up 0.17 percent from the previous close. It is valued Rs 2,898 crores on the stock exchange. TTM EPS for the firm is Rs 164.
Ramky Infrastructure revenue increased by 17 percent year on year, to Rs 1,705 in FY 22-23 from Rs 1,458 crore in FY 21-22. In the same timeframe,Net profit grew by 2890 percent to Rs 1,152 crore from Rs 40 crore and the company’s net profit margins improved 67.59 percent.
Chennai Petroleum Corporation Ltd
Chennai Petroleum Corporation Limited is engaged in refining crude oil as well as involved in production and sale of lubricating oil additives.
On July 28,the company’s shares closed at Rs 397.50, down 0.72 percent compared to the previous closing levels. It has a market capitalization of Rs 5,919 crores. The company has TTM EPS of Rs 116.
Chennai Petroleum Corporation revenue increased by 77 percent year on year, to Rs 76,734 in FY 22-23 from Rs 43,375crore in FY 21-22. Net profit grew by 164 percent to Rs 3,525 crore from Rs 1,336 crore.
From FY21-22 to FY 22-23, the company’s net profit margins improved from 3.08 percent to 4.59 percent, while operating margins increased from 5.15 percent to 6.68 percent.
Written by Omkar Chitnis
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