Financially Strong Stocks are those with good financial basics, these stocks are characterized by solid earnings growth potential, positive cash flows, manageable debt levels, and strong management teams. Here are some of the Financially strong stocks available under Rs. 100
Sigachi Industries
Sigachi Industries Limited is one of the largest manufacturers of Microcrystalline Cellulose worldwide, it is engaged in manufacturing cellulose-based excipients for finished dosages in the pharmaceutical industry.
With a market capitalization of Rs. 1,925 Crores, the shares of Sigachi Industries Limited were trading at Rs. 59.50, up 1.19 percent from its previous day’s close price of Rs. 58.80. It has delivered multibagger returns of 146 percent in a year.
Its revenue from operations grew by 60.86 percent from Rs. 69 Crores in Q3FY23 to Rs. 111 Crores in Q3FY24, accompanied by increasing profits of Rs. 10 Crores to Rs. 16 Crores.
It has reported a return on equity (ROE) of 17.6 percent and a return on capital employed (ROCE) of 19.6 percent, it is making good returns on its equity and capital employed. It has reported a debt-to-equity ratio of 0.19.
Lloyds Engineering Works
With a market capitalization of Rs. 5,363 Crores, the shares of Lloyds Engineering Works Limited were trading at Rs. 46.94, down 1.43 percent from its previous day’s close price of Rs. 47.62.
Lloyds Engineering Works is engaged in the business of design, Manufacturing, Commissioning, and other works of heavy equipment, machinery & systems for steel plants, oil & gas sectors, power plants, and many more.
Its revenue from operations grew by 246.55 percent from Rs. 58 Crores in Q3FY23 to Rs. 201 Crores in Q3FY24, accompanied by increasing profits of Rs. 13 Crores to Rs. 27 Crores.
It has reported a return on equity (ROE) of 25.4 percent and a return on capital employed (ROCE) of 29.2 percent, it is making good returns on its equity and capital employed. It has reported a debt-to-equity ratio of 0.08.
Geekay Wires
Geekay Wires Limited is engaged in the business of manufacturing and supplying Galvanized Steel Wires, Nails, steel fasteners, and many more products used in applications like power Transmission, Cable & Conductor, marine, General Engineering, Construction and others.
With a market capitalization of Rs. 514 Crores, the shares of Geekay Wires Limited were trading at Rs. 98.50 down 2.72 percent from its previous day’s close price of Rs. 101.25. It has delivered multibagger returns of 181 percent in a year
Its revenue from operations grew by 2.91 percent from Rs. 103 Crores in Q3FY23 to Rs. 106 Crores in Q3FY24, accompanied by increasing profits of Rs. 6 Crores to Rs. 10 Crores.
It has reported a return on equity (ROE) of 42.2 percent and a return on capital employed (ROCE) of 27.1 percent, it is making good returns on its equity and capital employed. It has reported a debt-to-equity ratio of 0.58.
Paramount Communications
Paramount Communications Limited is engaged in the business of manufacturing Wires and Cables, comprising power cables, telecom cables, railway cables, and specialized cables.
With a market capitalization of Rs. 1,945 Crores, the shares of Paramount Communications Limited were trading at Rs. 69.57 up 4.96 percent from its previous day’s close price of Rs. 66.28 It has delivered multibagger returns of 120 percent
Its revenue from operations grew by 60.86 percent from Rs. 69 Crores in Q3FY23 to Rs. 111 Crores in Q3FY24, accompanied by increasing profits of Rs. 10 Crores to Rs. 16 Crores.
It has reported a return on equity (ROE) of 21.2 percent and a return on capital employed (ROCE) of 13.8 percent, it is making good returns on its equity and capital employed. It has reported a debt-to-equity ratio of 0.38.
Written by: Bharath K.S
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