During the calendar year 2023, numerous stocks were able to provide attractive returns to retail shareholders. Listed below are three multibagger mid-cap stocks under Rs 400 with low debt that one should add to their watchlist:
Rail Vikas Nigam Limited
With a market capitalization of Rs 38,760.52 crores, the stocks of Rail Vikas Nigam Limited, implementing various rail infrastructure projects, started their trading session on Friday at Rs 186.65 and currently trade at Rs 185.90, gaining approximately 0.30 percent as compared to the previous close of Rs 185.50 apiece.
Keeping a purview of one year, the company’s stock has successfully delivered multibagger returns of 158 percent to its stakeholders, viz, if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 2.58 lakhs.
Coming onto the basic profitability ratios of the company, the return on equity (RoE) jumped from 18.56 percent during FY21-22 to 20.81 percent during FY22-23, and, the return on capital employed (RoCE), during the same period, rose from 16.27 percent to 17.83 percent.
In addition, the company’s debt-to-equity ratio is reported at desirable levels of 0.88 times during FY22-23.
Kalyan Jewellers India Limited
With a market capitalization of Rs 38,039.86 crores, the stocks of Kalyan Jewellers India Limited, designing, manufacturing, and selling a range of gold and other jewellery products, started their trading session on Friday at Rs 369.55 and currently trade at Rs 369.30, gaining approximately 1.60 percent as compared to the previous close of Rs 363.75 apiece.
Keeping a purview of one year, the company’s stock has successfully delivered multibagger returns of 208 percent to its stakeholders, viz, if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 3.08 lakhs.
Coming onto the basic profitability ratios of the company, the return on equity (RoE) jumped from 7.51 percent during FY21-22 to 12.76 percent during FY22-23, and, the return on capital employed (RoCE), during the same period, rose from 10.38 percent to 13.56 percent.
In addition, the company’s debt-to-equity ratio is reported at desirable levels of 0.97 times during FY22-23.
ITI Limited
With a market capitalization of Rs 30,133.41 crores, the stocks of ITI Limited, engaged in manufacturing, trading telecommunication equipment and other ancillary services, started
their trading session on Friday at Rs 314.35 and currently trade at Rs 313.60, a flat movement as compared to the previous close of Rs 313.85 apiece.
Keeping a purview of one year, the company’s stock has successfully delivered multibagger returns of 202 percent to its stakeholders, viz, if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 3.02 lakhs.
The telecom company reported its debt-to-equity ratio, one of the most looked-upon leverage metrics, at 0.83 times during FY22-23.
Written by Amit Madnani
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