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.
Choosing financially strong stocks can enhance an investor’s portfolio by providing stability, consistent returns, growth potential, competitive advantages, resilience during economic cycles, and positive market perception, while also mitigating certain risks.
Listed below are some of the Financially strong stocks available under Rs. 50, that you can add to your watchlist.
Mishtann Foods
Mishtann Foods is an agricultural produce company engaged in the business of manufacturing, processing, and trading Agri commodities like rice, wheat, dal, rock salt, and many more.
With a market capitalization of Rs. 1,873 Crores, the shares of Mishtann Foods Limited closed on Tuesday’s trade at Rs. 17.63 per share, up 2.68 percent from its previous day’s close price of Rs. 17.17.
Its Revenue from Operations grew by 98 percent from Rs. 650 Crores in FY23 to Rs. 1288 Crores in FY24, accompanied by profits of Rs. 50 Crores to Rs. 346 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 98.7 percent and a return on capital employed (ROCE) of 88.7 percent. It has reported a debt-to-equity ratio of 0.08.
Easy Trip Planners
Easy Trip Planners Limited is engaged in the business of offering a range of travel-related products and services like reservation and booking services for travel, hospitality, tourism, and many more under its flagship brand called Ease My Trip.
With a market capitalization of Rs. 7,302 Crores, the shares of Easy Trip Planners Limited closed on Tuesday’s trade at Rs. 41.21 per share, up 0.44 percent from its previous day’s close price of Rs. 41.03.
In terms of Return ratios, it has reported a return on equity (ROE) of 31.2 percent and a return on capital employed (ROCE) of 40.1 percent. It has reported a debt-to-equity ratio of 0.03.
Its Revenue from Operations grew by 31.58 percent from Rs. 449 Crores in FY23 to Rs. 591 Crores in FY24, accompanied by profits of Rs. 134 Crores to Rs. 103 Crores.
Lancer Container Lines
Lancer Container Lines Limited is engaged in providing integrated shipping and logistics solutions like coastal water transport, freight forwarding, selling ship containers, and many more, in India and overseas.
With a market capitalization of Rs. 1,075 Crores, the shares of Lancer Container Lines Limited closed on Tuesday’s trade at Rs. 45.72 per share, down 4.11 percent from its previous day’s close price of Rs. 47.68.
In terms of Return ratios, it has reported a return on equity (ROE) of 20 percent and a return on capital employed (ROCE) of 16.6 percent. It has reported a debt-to-equity ratio of 0.28.
Its Revenue from Operations declined by 24.34 percent from Rs. 837 Crores in FY23 to Rs. 633 Crores in FY24, accompanied by profits of Rs. 54 Crores to Rs. 58 Crores.
Written by: Bharath K.S
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