Goldman Sachs is a multinational investment banking and financial services corporation with a strong presence in the finance industry. The company offers investment banking, securities, and asset management services, and is known for its experience and creativity in the worldwide market.
A corporation with less debt has a stronger financial position, decreasing risk and increasing stability. Low debt levels indicate effective financial management, allowing for strategic initiatives and attracting investors looking for a strong balance sheet and long-term growth prospects.
Here are the stocks with less debt in the Goldman Sachs portfolio:-
KEI Industries Ltd
KEI Industries Limited is an India-based wire and cable manufacturer. The company’s segments include Cables and Wires, Stainless Steel Wire, and Engineering, Procurement, and Construction (EPC) Projects. The Cables & Wires segment produces, distributes, and promotes a variety of power cables.
With a market capitalization of Rs 28,423.35 crore, the shares were trading at Rs 3,149.70 per share, decreasing around 3.54 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.07.
Goldman Sachs India holds 9,05,398 equity shares which is equivalent to 1.00 percent of the company as of December 2023.
The company’s revenue stood at Rs 2,062 crore in Q3FY24, during the same time frame, net profit stood at Rs 151 crore.
Amber Enterprises India Ltd
Amber Enterprises India Ltd, founded in 1956, holds a 23.6% share of the entire Room Air Conditioner market and is a well-known solution supplier for the Air Conditioner OEM/ODM Industry in India.
With a market capitalization of Rs 11,796.18 crore, the shares were trading at Rs 3,501.00 per share, increasing around 3.43 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.79.
Goldman Sachs India holds 3,46,122 equity shares which is equivalent to 1.03 percent of the company as of December 2023.
The company’s revenue stood at Rs 1,294.76 crore in Q3FY24, during the same time frame, net profit stood at Rs (0.51) crore.
Ideaforge Technology Ltd
Ideaforge Technology Limited’s primary activity is the production and selling of unmanned aerial vehicle (UAV) systems for security and surveillance. The auxiliary industry of providing training and maintenance services revolves around the primary business of manufacturing and marketing UAV systems.
With a market capitalization of Rs 3,032.64 crore, the shares were trading at Rs 707.15 per share, decreasing around 0.15 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.02.
Goldman Sachs India holds 5,60,062 equity shares which is equivalent to 1.31 percent of the company as of December 2023.
The company’s revenue stood at Rs 91 crore in Q3FY24, during the same time frame, net profit stood at Rs 15 crore.
Written by:- Abhishek Singh
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