Being debt-free and, at the same time, having Promoter’s ‘skin in the game’, i.e., majority shareholding, increases the confidence of the Retail investors.
Listed below are three debt-free stocks under the ‘mid-cap’ category that have a Promoter holding of more than 60 percent as per the most recent quarter, i.e., as per the September 2023 quarter:
CRISIL Limited
With a market capitalization of Rs 30,799.71 crores, the stocks of CRISIL Limited, a globally diversified analytical Company providing ratings, research, etc, started their trading session on Friday at Rs 4,255 and currently trades at Rs 4,213, gaining around 0.20 percent compared to the previous close of Rs 4,206.15 apiece.
During the recent financial quarters, the company’s basic business indicators such as the operating revenues and net profits have increased with the former moving up from Rs 714.89 crores during Q4FY22-23 to Rs 771.02 crores during Q1FY23-24, and, the latter, during the same period, shifting up from Rs 145.75 crores to Rs 150.58 crores.
Having a glance at the company’s shareholding pattern as of the September 2023 quarter, the Promoters hold a 66.66 percent stake, and the Foreign Institutional Investors (FIIs) hold a 7.25 percent stake in the company.
Escorts Kubota Limited
With a market capitalization of Rs 35,589.83 crores, the stocks of Escorts Kubota Limited, one of India’s leading engineering conglomerates, started their trading session on Friday at Rs 3,201.10 and currently trades at Rs 3,220.85, gaining 1 percent as compared to the previous close of Rs 3,187.85 apiece.
During the recent financial years, the company’s basic business indicators such as the operating revenues and net profits have shown opposing movements.
The former, on one end, moved up from Rs 7,282.65 crores during FY21-22 to Rs 8,428.69 crores during FY22-23, and, the latter, due to an increased cost pressure, shifted down from Rs 735.61 crores to Rs 636.65 crores.
Looking at the company’s shareholding pattern as of the September 2023 quarter, the Promoters hold a 67.64 percent stake, and the Foreign Institutional Investors (FIIs) hold a 6.68 percent stake in the company.
Gillette India Limited
With a market capitalization of Rs 21,030.01 crores, the stocks of Gillette India Limited, engaged in manufacturing and selling of packaged fast-moving goods, started their trading session on Friday at Rs 6,423.40 and currently trades at Rs 6,453.85, gaining around 0.40 percent compared to the previous close of Rs 6,427.50 apiece.
During the recent financial quarters, the company’s basic business indicators such as the operating revenues and net profits have increased with the former moving up from Rs 619.44 crores during Q1FY23-24 to Rs 667.55 crores during Q2FY23-24, and, the latter, during the same period, shifting up marginally from Rs 91.75 crores to Rs 92.69 crores.
Having a look at the company’s shareholding pattern as of the September 2023 quarter, the Promoters hold a 75 percent stake, and the Foreign Institutional Investors (FIIs) hold a 0.61 percent stake in the company.
Written by Amit Madnani
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