Multibaggers are stocks that yield returns many times higher than their initial investment. In essence, these are inexpensive stocks with solid fundamentals that make them appealing as investment choices.
Here are the 3 multi-bagger mid-cap stocks with less debt.
Mazagon Dock Shipbuilders Ltd
Mazagon Dock Shipbuilders Ltd. is now a well-known shipbuilding enterprise. Since 1960, it has built 801 ships, including offshore platforms, cargo and passenger ships, warships, and submarines.
With a market capitalization of Rs 42,072.53 crores, Mazagon Dock Shipbuilders Ltd, On Thursday, the company shares were trading at Rs 2,085.00 a share, an increase of 0.47 percent from the previous close price.
The stock gave a 102 percent return in six months and a 163 percent return as of now. If an investor invests Rs 1 lakh in the company would be worth Rs 2.63 Lakh in a year. The debt-to-equity ratio of the business is Zero.
Looking into the company’s performance, Mazagon Dock Shipbuilders Ltd’s revenue increased from Rs 1,702 Crore in Q2FY23 to Rs 1,828 Crore in Q2FY24. During the same period, net profit increased from Rs 200 crore to Rs 313 crore.
Mazagon Dock Shipbuilders Ltd’s order book value as of March 2023 is Rs 38,755 crores. Recently, the government has awarded Mazagon Dock Shipbuilders Ltd. an order worth Rs 310 crore to build a Coast Guard training ship.
KPIT Technologies Ltd
KPIT is a multinational technology company that offers software solutions that will accelerate the transition of mobility into a clean, smart, autonomous, and connected future.
With a market capitalization of Rs 40,970.79 Crores. KPIT Technology Ltd, On Thursday, the shares were trading at Rs 1,494.50 a share, an increase of 1.36 percent from the previous closing price.
The stock gave a 42.25 percent return in six months and a 112 percent return as of now. If an investor invests Rs 1 lakh in the company would be worth Rs 2.12 Lakh in a year. The company has a debt-to-equity ratio of 0.25.
Looking into the company’s performance revenue increased by 60 percent from Rs 74 Crore in Q2FY23 to Rs 1,119 Crore in Q2FY24. During the same period, net profit increased by 67.8 percent from Rs 84 crore to Rs 141 crore.
With more than 10 million vehicles equipped with KPIT software and 25 centers of excellence, KPIT Technologies Ltd. offers more than 75 platforms, tools, and accelerators.
Angel One Ltd
As a diversified financial services provider, Angel One Ltd.’s main business activities include institutional broking, corporate agents for insurance companies, stock, commodity, and currency broking, and lending as an NBFC.
With a market capitalization of Rs 26,600.95 crores, Angel One Ltd, On Thursday, the company shares were trading at Rs 3,168.90 apiece, an increase of 4.34 percent from the previous close price.
In six months, the stock returned 96%, and in a year, it returned 130%. The company’s value would increase to Rs 2.25 lakhs in a year if an investor invested Rs 1 lakh. The debt-to-equity ratio of the business is 0.60.
Looking into the company’s performance revenue increased by 40 percent from Rs 745 Crore in Q2FY23 to Rs 1,048 Crore in Q2FY24. During the same period, net profit increased by 42 percent from Rs 214 crore to Rs 304 crore.
Currently operating in more than 98% of Indian pin codes, Angel One is the biggest listed fintech company led by broking in the country, serving 13.8 million clients overall and 21,500+ Authorized Persons.
Written by:- Abhishek Singh
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