Net Profits is one of the most tracked metrics in the securities markets covered by most of the brokerages. Listed below are 2 Penny stocks that have a debt-to-equity ratio of ‘zero’ and also exhibit healthy net profit margins:
Coral India Finance & Housing Limited
With a market capitalization of Rs 155.37 crores, the stocks of Coral India Finance & Housing Limited closed at Rs 38.55 on Friday, slipping approximately 0.70 percent compared to the previous closing levels of Rs 38.81 apiece.
On a YoY basis, the company reported a marginal increase in operating revenues that rose from Rs 27 crores during FY21-22 to Rs 29 crores during FY22-23. Moreover, the net profits shifted from Rs 17 crores to Rs 18 crores keeping the timeframe the same.
During FY22-23, the company reported a net profit margin of 61.99 percent. Since the last few financial years, the company has maintained a ‘nil’ debt-to-equity ratio.
Based in India, Coral India Finance & Housing Limited is a housing development company that is primarily engaged in the construction, development & maintenance of properties and other associated services.
Swadeshi Polytex Limited
With a market capitalization of Rs 156 crores, the stocks of Swadeshi Polytex Limited closed at Rs 40 on Friday, slipping 1 percent compared to the previous closing levels of Rs 40.40 apiece.
On a YoY basis, the company reported an increase in operating revenues rose from Rs 36 crores during FY21-22 to Rs 44 crores during FY22-23. Moreover, the net profits took a shift from Rs 25 crores to Rs 34 crores during the same time horizon.
As a result of the same, the net profit margin, with already huge percentages, increased from 70.45 percent during FY21-22 to 78.59 percent during FY22-23. Since the last two financial years, the company has maintained a ‘nil’ debt-to-equity ratio.
Swadeshi Polytex Limited is involved in the business of owning, leasing and developing Real Estate including land, buildings, warehouses, etc.
Disclaimer: Even though the stock prices come under an average buying range for retail investors and provide huge upsides, these categories of stocks are prone to huge risks. As a result of the same, it is recommended to consult your financial advisor before taking an entry into such stocks.
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.
