Due to the recent bloodbath caused at the bourses of Indian equity markets, a lot of financially strong stocks are falling deep from their high levels.
Listed below are four small-cap stocks that are trading at a discount of up to 34 percent from their 52-week high levels:
Nilkamal Limited
With a market capitalization of Rs 3,411.29 crores, the stocks of Nilkamal Limited, a furniture solution provider based in India, are currently trading at Rs 2,286, gaining around 0.60 percent as compared to the previous close of Rs 2,272.15 apiece.
The company’s stock touched its 52-week high mark at a price of Rs 2,800 in July 2023, and, comparing the current price levels, the stock exhibits a discount of around 18 percent.
Digging into the financial reports, the company, during the past couple of years, has consistently increased its operating revenues as well as net profits.
The most recent movement in the operating revenues is from Rs 2,730.09 crores during FY21-22 to Rs 3,130.88 crores during FY22-23, and, the net profits, during the same time horizon, moved up from Rs 83.42 crores to Rs 134 crores.
Greenlam Industries Limited
With a market capitalization of Rs 5,477.19 crores, the stocks of Greenlam Industries Limited, engaged in the business of manufacturing laminates & decorative veneers, are currently trading at Rs 431.30, gaining around 5.70 percent as compared to the previous close of Rs 408.15 apiece.
The company’s stock touched its 52-week high mark at a price of Rs 522.95 in August 2023, and, comparing the current price levels, the stock exhibits a discount of around 18 percent.
Digging into the financial reports, the company, during the past couple of years, has consistently increased its operating revenues as well as net profits.
The most recent movement in the operating revenues is from Rs 1,703.4 crores during FY21-22 to Rs 2,025.96 crores during FY22-23, and, the net profits, during the same time horizon, moved up from Rs 90.58 crores to Rs 128.04 crores.
Aether Industries Limited
With a market capitalization of Rs 11,619.66 crores, the stocks of Aether Industries Limited, a manufacturer of specialty chemicals, are currently trading at Rs 876.80, gaining around 1.80 percent as compared to the previous close of Rs 861.25 apiece.
The company’s stock touched its 52-week high mark at a price of Rs 1,210.8 in June 2023, and, comparing the current price levels, the stock exhibits a discount of around 28 percent.
Due to limited annual data available for the company, the operating revenues were reported at Rs 651.08 crores and the net profits, during the same period, were reported at Rs 130.42 crores.
Fine Organic Industries Limited
With a market capitalization of Rs 13,962.86 crores, the stocks of Fine Organic Industries Limited, manufacturing a wide range of oleochemical-based additives, are currently trading at Rs 4,554.10, gaining around 1.40 percent as compared to the previous close of Rs 4,491.85 apiece.
The company’s stock touched its 52-week high mark at a price of Rs 6,868 in October 2022, and, comparing the current price levels, the stock exhibits a discount of around 34 percent.
Digging into the financial reports, the company, during the past couple of years, has consistently increased its operating revenues as well as net profits.
The most recent movement in the operating revenues is from Rs 1,876.26 crores during FY21-22 to Rs 3,023.08 crores during FY22-23, and, the net profits, during the same time horizon, moved up from Rs 259.71 crores to Rs 618.1 crores.
Written by Amit Madnani
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