Financially Strong Stocks are those with good financial basics, even though their stock prices are low. These stocks are characterized by solid earnings growth potential, positive cash flows, manageable debt levels, and strong management teams.
Here are some financially strong defence stocks trading at a discount of up to 33 percent
Mishra Dhatu Nigam Limited
Mishra Dhatu Nigam Limited is engaged in the business of manufacturing superalloys, titanium, special-purpose steel, and other special metals used in industries like defence, aerospace and others.
Mishra Dhatu Nigam Limited hit its 52-week high price of Rs. 547.50 on February 5, 2024, comparing the same with its current market price of Rs. 413, it is trading at a discount of 33 percent.
Its revenue from operations grew by 1.45 percent from Rs. 859 Crores in FY22 to Rs. 872 Crores in FY23, accompanied by profits of Rs. 176 Crores to Rs. 156 Crores.
Apollo Micro Systems
Apollo Microsystems Limited is engaged in the design, development, and assembly of custom-built electronics and electro-mechanical solutions and many more for aerospace, defence, space, transportation, and homeland security markets.
Apollo Micro Systems Limited hit its 52-week high price of Rs. 161.7 on May 3, 2023, comparing the same with its current market price of Rs. 125, it is trading at a discount of 23 percent.
Its revenue from operations grew by 22.34 percent from Rs. 243 Crores in FY22 to Rs. 298 Crores in FY23, accompanied by increasing profits of Rs. 15 Crores to Rs. 19 Crores.
DCX Systems
DCX Systems Limited is among one of the leading Indian Defence manufacturing Payers, Offering end-to-end solutions for cable & wire harnesses, electronic subsystems, high-end System Integration, and PCB Assembly for the Defence and Aerospace Industries for both Domestic and International customers.
DCX Systems Limited hit its 52-week high price of Rs. 393 on January 11, 2024, comparing the same with its current market price of Rs. 317, it is trading at a discount of 24 percent.
Its revenue from operations grew by 13.73 percent from Rs. 1,102 Crores in FY22 to Rs. 1,254 Crores in FY23, accompanied by increasing profits of Rs. 66 Crores to Rs. 72 Crores.
Written by: Bharath K.S
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