Life Insurance Corporation of India (LIC), established in 1956, is the largest state-owned insurance company in India. As a key player in the insurance sector, LIC provides a wide range of life insurance and investment products, contributing significantly to the financial security of millions of individuals and families across the country.
A company with minimal debt holds a strong financial position, reducing financial risk and enhancing stability. Low debt levels signify efficient financial management, providing flexibility for strategic initiatives, and often appealing to investors seeking businesses with a sound balance sheet and sustainable growth potential.
Here are the multi-bagger stocks with less debt held by LIC;
Dixon Technologies (India) Ltd
Dixon Technologies (India) Limited is India’s largest* homegrown design-focused solutions firm, manufacturing goods in the consumer durables, lighting, and mobile phones/smartphone industries.
With a market capitalization of Rs 42,724.8 crore, the shares closed at Rs 7,142.05 per share, decreasing by around 0.31 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.19.
Life Insurance Corporation of India bought 16,93,495 equity shares which is equivalent to 2.83 percent of the company as of December 2023.
It has delivered 37.13 percent in the last six months but a multi-bagger return of 144.86 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 2.44 Lakh in a year.
The company’s revenue stood at Rs 4,818 crore in Q3FY24, during the same time frame, net profit stood at Rs 97 crore.
DCM Shriram Industries Ltd
DCM Shriram Industries Ltd. is an India-based corporation that manufactures and sells sugar, alcohol, electricity, chemicals, and industrial fibers. The company has three business segments: sugar, industrial fibers, associated goods, and chemicals.
With a market capitalization of Rs 1,589.78 crore, the shares closed at Rs 182.75 per share, increasing by around 1.13 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.41.
Life Insurance Corporation of India bought 42,06,760 equity shares which is equivalent to 4.84 percent of the company as of December 2023.
It has delivered positive returns of 37.78 percent in the last six months and a multi-bagger return of 166.28 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 2.66 Lakh in a year.
The company’s revenue stood at Rs 468 crore in Q3FY24, during the same time frame, net profit stood at Rs 29 crore.
Engineers India Ltd
Engineers India Ltd (EIL) is a renowned worldwide engineering consultancy and EPC business owned by the Government of India and administered by the Ministry of Petroleum and Natural Gas (MoPNG). EIL principally offers engineering consulting and EPC services to the oil and gas and petrochemical sectors.
With a market capitalization of Rs 12,682.5 crore, the shares closed at Rs 225.65 per share, increasing by around 0.53 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.01.
Life Insurance Corporation of India bought 1,61,46,688 equity shares which is equivalent to 2.87 percent of the company as of December 2023.
It has delivered returns of 42.86 percent in the last six months and a multi-bagger return of 192.33 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 2.91 Lakh in a year.
The company’s revenue stood at Rs 868 crore in Q3FY24, during the same time frame, net profit stood at Rs 63 crore.
Written by:- Abhishek Singh
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