Fundamentally 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
The shares of the companies that are given below have a market capitalization of less than Rs. 1000 Crores. They are illiquid and can hit their assigned circuit levels with just a minor increase in the volume of trades. So be aware and avoid becoming greedy by looking at their prices and returns, thereby having a possibility of getting trapped.
Here are some financially strong stocks that are available under Rs. 10
Integra Essentia
Integra Essentia Limited is engaged in the business of life essentials like food, clothing, infrastructure, energy, and other basic human needs that are required to sustain modern life.
The shares of Integra Essentia Limited hit a 2 percent lower circuit at Rs. 7.40, from its previous day’s close price of Rs. 7.55 and its market capitalization is Rs. 688 Crores.
Its revenue from operations grew 254 percent from Rs. 68 Crores in FY22 to Rs. 241 Crores in FY23, accompanied by increasing profits of Rs. 1 Crore to Rs. 6 Crore.
It has reported a return on equity (ROE) of 8.76 percent and a return on capital employed (ROCE) of 9.52 percent, it is making good returns on its equity and capital employed, considering its profitability is increasing increased YoY.
Seacoast Shipping
Seacoast Shipping Limited is primarily engaged in the business of providing logistics services to importers and exporters. It focuses on dry bulk logistics, container freight forwarding, and inland road logistics and it is among the top 3 freight forwarders handling Agri commodities exports in containers from the Mundra port.
The shares of Seacoast ShippingLimited hit a 5 percent upper circuit at Rs. 5.55, from its previous day’s close price of Rs. 5.29 and its market capitalization is Rs. 298 Crores.
The company’s revenue from operations grew 236.13 percent from Rs. 127.8 Crores in FY22 to Rs. 429.58 Crores in FY23, accompanied by increasing profits of Rs. 2.55 Crores to Rs. 14.28 Crores.
It has reported a return on equity (ROE) of 26.04 percent and a return on capital employed (ROCE) of 28.4 percent, it is making good returns on its equity and capital employed, accompanied by a good growth in revenue and profit.
Galactico Corporate Services
Galactico Corporate Services Limited is engaged in the business of providing services like investment banking and issue management services to mid-cap, small and medium enterprises, and start-ups.
The shares of Galactico Corporate Services Limited hit 5 percent at Rs. 5.69, from its previous day’s close price of Rs. 5.42 and its market capitalization is Rs. 85 Crores.
Its revenue from operations grew 73.34 percent from Rs. 19.85 Crores in FY22 to Rs. 34.42 Crores in FY23, accompanied by increasing profits of Rs. 2.69 Crore to Rs. 9.74 Crore
It has reported a return on equity (ROE) of 38.4 percent and a return on capital employed (ROCE) of 37.8 percent, it is making good returns on its equity and capital employed.
RO Jewels
RO Jewels Limited is engaged in the wholesale business of selling gold and silver ornaments like chains, bracelets, handmade chains, and many more.
The shares of RO Jewels Limited were trading at Rs. 5.57 and it has a market capitalization of Rs. 28 Crores.
Its revenue from operations grew 917 percent from Rs. 50 Crores in FY22 to Rs. 507 Crores in FY23, accompanied by making profit of Rs. 2 Crores in FY23.
It has reported a return on equity (ROE) of 18.1 percent and a return on capital employed (ROCE) of 20.4 percent, it is making good returns on its equity and capital employed.
Written by: Bharath KS
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