Debt-free stocks are the companies that have not taken any leverage to operate their business. Penny stocks are the shares of the companies that are available under Rs. 75, with a market capitalization of under Rs. 500 Crores. They are very illiquid in nature and can hit their assigned circuit levels with just a minor increase in the volume of trades.
DRC Systems India Limited
In the day’s trade, the shares of DRC Systems India Limited closed at Rs. 46.25, down 0.11 percent from its previous day’s close price of Rs. 46.30, and its market capitalization is Rs. 203 Crores.
Its revenue from operations grew 31.43 percent from Rs. 19.50 Crores in FY22 to Rs. 25.63 Crores in FY23, accompanied by increasing profits of Rs. 0.70 Crores to Rs. 6.69 Crores.
It has reported a return on equity (ROE) of 33.33 percent and a return on capital employed (ROCE) of 31.29 percent, it is making good returns on its equity and capital employed.
DRC Systems India Limited is an information technology services, consulting and business solutions company, its services and processes are spread across various fields like discovery, design, development, innovation, transformation, insight, deployment, assurance, etc.
Coral India Finance and Housing Limited
In the day’s trade, the shares of Coral India Finance and Housing Limited closed at Rs. 43.60 down 0.68 percent from its previous day’s close price of Rs. 43.90 and its market capitalization is Rs. 174 Crores.
Its revenue from operations grew 7.45 percent from Rs. 27.5 Crores in FY22 to Rs. 29.55 Crores in FY23, accompanied by increasing profits of Rs. 17.37 Crores to Rs. 18.32 Crores.
It has reported a return on equity (ROE) of 12.57 percent and a return on capital employed (ROCE) of 15.31 percent, it is making good returns on its equity and capital employed, considering its profitability is increasing year on year.
Coral India Finance and Housing Limited is a housing development company, it is engaged in the business of finance, construction, development, and maintenance of properties.
Swadeshi Polytex Limited
In the day’s trade, the shares of Swadeshi Polytex Limited closed at Rs. 69.89, up 5 percent from its previous day’s close price of Rs. 66.57 and its market capitalization is Rs. 272 Crores.
Its revenue from operations grew 22.38 percent from Rs. 36.23 Crores in FY22 to Rs. 44.34 Crores in FY23, accompanied by increasing profits of Rs. 25.45 Crores to Rs. 34.87 Crores.
It has reported a return on equity (ROE) of 388.7 percent and a return on capital employed (ROCE) of 481.95 percent, this company has a very high ROE and ROCE because 99 percent of its income comes from leasing activities, with a profit margin of 78.65 percent.
Swadeshi Polytex Limited is engaged in carrying the business of transacting in, owning, purchasing, selling, leasing, sub-leasing, letting, sub-letting, renting developing, and other related activities of any type of real estate.
Written by: Bharath K.S
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