Companies with a market capitalization of less than Rs 16800 crores are known as small-cap stocks. These firms are typically less well-known than large-cap firms, but they can provide investors with the opportunity for higher returns.
Debt-free stocks are those that have no outstanding debt. This means that the company owes no money to lenders and is thus less likely to default on its obligations.
Here are five small-cap debt-free stocks under Rs150
Engineers India
Engineers India Limited is a public sector primarily provides engineering consultancy and EPC services focused on oil & gas and petrochemicals.
On Wednesday’s session company’s shares closed at Rs 144.95 per share, a 1.02 percent decrease over its previous close of Rs 146.45. The company has a market capitalization of Rs 8,151 crores.
Looking at the company’s financial statements operating revenues fell 0.5 percent from Rs 793 crores in Q2FY23 to Rs 789 crores in Q2FY24, Furthermore, net profit increased 18 percent from Rs 85 crores to Rs 101 crores during the same period.
The company has maintained zero debt in the last 5 years, reported a Net profit margin of 10 percent, and a dividend yield of 2.04 percent. The shares of Engineers India have risen by 46 percent in the last six months and 65 percent in the year to date.
NBCC India
National Buildings Construction Corporation India (NBCC) Ltd. is a Navratna enterprise under the Ministry of Housing and Urban Affairs. It operates in Project Management Consultancy, Engineering Procurement and construction, and Real Estate.
On Wednesday’s session, the company’s shares closed at Rs 65.95 per share, a 2 percent decrease from its previous closing price of Rs 67.30. The company’s market capitalization is Rs 11,870 crores.
In Q2FY24, the company’s financial statements show a 1.6% increase in operating revenues from Rs 2,013 crores to Rs 2,047 crores. In the same period, net profit also rose by 16%, from Rs 97.7 crores to Rs 81.9 crores.
The company reported a 3.18 percent net profit margin, a 0.80 percent dividend yield, and zero debt over the previous five years. In the past six months, the share price of Engineers India has increased by 62 percent, and so far this year, it has increased by 65 percent.
Gujarat Pipavav Port
Gujarat Pipavav Port is India’s first private port, located on the southwest coast of Gujarat near Bhavnagar. It’s strategically placed on the international maritime trade route that connects India with the US, Europe, Africa, the Middle East, and the Far East.
The shares of the company closed at Rs 135.20 per share on Wednesday’s session, which is a 2.8 percent drop from its previous closing value of Rs 139.20. With a market capitalization of Rs 6,540 crores, the company’s performance has been impacted.
According to the company’s financial statements, operating revenues increased by 11.6 percent from Rs 226.4 crores in Q2FY23 to Rs 252.6 crores in Q2FY24. During the same period, net profit also increased by 28 percent, from Rs 72 crores to Rs 92 crores.
Over the last five years, the company has not taken on any debt. It has reported a net profit margin of 29 percent and a dividend yield of 5.24 percent. Gujarat Pipavav Port’s shares have increased by 19 percent in the past six months and by 33 percent in the year to date.
Infibeam Avenues
Incorporated in 2007, Infibeam Avenues Ltd provides software development, web development, payment gateway services, e-commerce, and other ancillary services.
On Wednesday session, the company’s shares closed at Rs 21.10 per share, which is a 1.4 percent decrease from its previous close of Rs 21.40. The company currently has a market capitalization of Rs 5,830 crores.
The financial statements of the company show that there was a 65% increase in operating revenues from Rs 476 crores in Q2FY23 to Rs 789 crores in Q2FY24. In the same period, there was a 1.5% rise in net profit, from Rs 39.86 crores to Rs 40.46 crores.
The company reported a net profit margin of 7 percent, a 0.35 percent dividend yield, and zero debt over the previous two years. Over the past six months, Infibeam Avenues’ shares have increased by 52 percent, and so far this year, they have increased by 29.4 percent.
Castrol India
Castrol India Ltd is primarily involved in manufacturing and marketing automotive and industrial lubricants, as well as related services.
The company’s shares closed at Rs 134.35 per share on Wednesday, up 0.15 percent from the previous close of Rs 134.15. The market value of the company is Rs 13,300 crores.
According to the company’s financial statements, operating revenues increased by 5.4 percent from Rs 1,121 crores in Q2FY23 to Rs 1,182 crores in Q2FY24. During the same period, net profit also increased by 3.7 percent, from Rs 187 crores to Rs 194 crores.
The company reported a net profit margin of 15.51 percent, a 5.28 percent dividend yield, and zero debt over the previous five years. Castrol India’s stock has increased by 7.3 percent this year and 17.9 percent over the previous six months.
Written by Sriram KV
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