Retail investors are on continuous watch for stocks that could aid them in generating substantial returns and are within the buying range.
Listed below are two multibagger chemical stocks under Rs 300 that have reported low debt over the past couple of financial years:
Vikram Thermo (India) Limited
With a market capitalization of Rs 360.46 crores, the stocks of Vikram Thermo India Limited, manufacturer as well as exporter of pharmaceutical excipients & chemical products, are currently trading at Rs 114.95, gaining around 0.90 percent as compared to the previous closing levels of Rs 113.95 apiece.
Keeping a purview of one year, the company’s stock has delivered multibagger returns of around 147 percent to its stakeholders. The same means that if someone had invested Rs 1 Lakh into the stock, it would have converted to Rs 2.47 Lakhs within a period of the mentioned period.
Digging into the leverage ratios of the company, the debt-to-equity ratio, the most basic and popular metric measuring the short/long-term interest burden, of 0.21 times during FY22-23, way less than the standard levels of debt ratio present in the markets.
Himadri Speciality Chemical Limited
With a market capitalization of Rs 12,138.23 crores, the stocks of Himadri Speciality Chemical Limited, primarily engaged in the process of manufacturing carbon materials & chemicals, are currently trading at Rs 276.50, gaining around 3.50 percent as compared to the previous closing levels of Rs 267.30 apiece.
Keeping a purview of one year, the company’s stock has delivered multibagger returns of around 174 percent to its stakeholders. The same means that if someone had invested Rs 1 Lakh into the stock, it would have converted to Rs 2.74 Lakhs within a period of the mentioned period.
Digging into the leverage ratios of the company, the debt-to-equity ratio, the most basic and popular metric measuring the short/long-term interest burden, of 0.37 times during FY22-23, way less than the standard levels of debt ratio present in the markets.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
