Mid-cap Stocks that consistently generate robust free cash flow can reveal hidden gems within the market. These ‘cash cows’ often possess strong fundamentals and the potential for significant shareholder returns. By focusing on those with the highest free cash flow generation over the past three years, investors can point to companies demonstrating capacity for future growth. Here is a list of stocks with strong free cash flows.
Oil India
Oil India Ltd is a Navratna PSU, a fully integrated Exploration & Production (E&P) company in the upstream sector and is the second largest national oil and gas company in India the company is engaged in the exploration, development, and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P-related services for oil blocks.
Market cap: Rs.61,558 crores
Free cash flows 3 years: Rs. 5097.75 crores
Avg Price to Cash Flow ratio 3 years: 3.71
National Aluminium Co Ltd
Incorporated in 1981, it is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Mines, Government of India. The Company is a Group A’ CPSE, having integrated and diversified operations in mining, metal, and power.National Aluminium Company Limited manufactures and sells Alumina and Aluminum.
Market cap: Rs. 27,779 crores
Free cash flows 3 years: Rs.. 3231.92 crores
Avg Price to Cash Flow ratio 3 years: 10.56
Hero MotoCorp Ltd
Hero MotoCorp Limited is the world’s largest manufacturer of two-wheelers. The Company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts, and related services.
Market cap: Rs 75,651 crores
Free cash flows 3 years: Rs.7743.21 crores
Avg Price to Cash Flow ratio in 2024: 19.64
Sun TV Network
Sun TV Network is primarily involved in television broadcasting. Besides, it produces and distributes movies under the banner Sun Pictures. It also has broadcasting satellite television and radio software programming in regional languages.
Market cap: Rs 26,882 crores
Free cash flows 3 years: Rs 3939.63 crores
Avg Price to Cash Flow ratio in 2024:10.18
Written by Likesh babu s
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