When it comes to investing in the stock market, some stocks are like sturdy foundations for your wealth. We call them “fundamentally strong stocks.” These aren’t just any stocks; they’re the ones with solid financial health and a good chance of growing over time. Here are the 3 fundamentally strong stocks under Rs. 300.
India Pesticides Ltd.
India Pesticides Limited is one of the fastest growing globally operating chemical manufacturers in India. Set up in 1984, India Pesticides has pioneered the manufacturing of both Technicals & Formulations in Agro-Chemicals and Active Pharma Ingredients for the Pharma industry. Company has a market capitalization of 3,379.47 crores.
The stock of India pesticides Ltd was trading at Rs. 292.25 per share on 16th October, it has delivered 4.43 percent returns in the last 1 year. Company’s revenue increased by 23.57 percent to Rs. 884.94 crores in march 23 from Rs. 716.14 crores in march 22, in the same time period net profit decreased by 9.32 percent to Rs. 143.23 crores from Rs. 157.95 crores.
Company reported return on capital employed (ROCE) of 27.82 percent and return on equity (ROE) of 20.3 percent in the last financial year.
JTL Industries Ltd.
JTL Infra Ltd is engaged in manufacturing and supplying of steel tubes, pipes and allied products with manufacturing facilities in India. It is one of the largest section pipe & tube manufacturers in India, with a capacity to produce more than 6 Lakh Metric Tonnes per annum. It caters extensively to the region and exports to various countries globally. The company has a market capitalization of 4,197.7 crores.
The stock of JTL Industries was trading at Rs. 248.00 per share on 16th October, it has delivered 66.72 percent returns in the last 1 year. Company’s revenue increased by 14.36 percent to Rs. 1,549.92 crores in march 23 from Rs. 1,355.32 crores in march 22, in the same time period net profit increased by 47.61 percent to Rs. 90.13 crores from Rs. 61.06 crores.
Company reported return on capital employed (ROCE) of 34.22 percent and return on equity (ROE) of 35.95 percent in the last financial year.
Ashoka Buildcon Ltd
Ashoka Buildcon Limited is an India-based infrastructure development company. The Company is engaged in construction and maintenance of roads and supporting services to land support-operation of toll roads and others. Company has a market capitalization of 3,667.65 crores.
The stock of Ashoka Buildcon Ltd closed at Rs. 132.50 per share, it has delivered 74.92 percent returns in the last 1 year. Company’s revenue increased by 35.03 percent to Rs. 8,100.48 crores in march 23 from Rs. 5,998.98 crores in march 22, in the same time period net profit decreased by 52.3 percent to Rs. 371.39 crores from Rs.778.56 crores.
Company reported return on capital employed (ROCE) of 39.06 percent and return on equity (ROE) of 23.79 percent in the last financial year.
Written by: Vinit Israni
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