Here are some of the financially strong stocks that have generated revenue greater than that of their market capitalization and made a name for themselves
Axita Cotton
Axita Cotton Limited is a textile manufacturing company engaged in the business of manufacturing, trading, processing, and finishing cotton bales and cotton seeds.
With a market capitalization of Rs. 703 Crores the shares of Axita Cotton Limited closed at Rs. 27, down 0.18 percent from its previous day’s close price of Rs. 27.05.
Its revenue from operations declined 32.42 percent from Rs. 817.67 Crores in FY22 to Rs. 552.6 Crores in FY23, accompanied by increasing profits of Rs. 15.41 Crores to Rs. 17.04 Crores.
It has reported a return on equity (ROE) of 38.4 percent and a return on capital employed (ROCE) of 49.1 percent, it is making excellent returns on its equity and capital employed. It has a low debt-to-equity ratio of 0.10.
Remedium Lifecare
Remedium Lifecare Limited is engaged in the business of business of trading in Advanced Pharmaceutical Intermediates and other pharma products.
With a market capitalization of Rs. 967 Crores the shares of Remedium Lifecare Limited closed at Rs. 479.90, down 3.10 percent from its previous day’s close price of Rs. 495.25.
Its revenue from operations grew by 1.02 percent from Rs. 505 Crores in FY22 to Rs. 510 Crores in FY23, accompanied by increasing profits of Rs. 1 Crore to Rs. 5 Crore.
It has reported a return on equity (ROE) of 71 percent and a return on capital employed (ROCE) of 103 percent, it is making excellent returns on its equity and capital employed. It has a low debt-to-equity ratio of 0.05.
D P Wires
D P Wires Limited is engaged in the business of manufacturing and supplying Steel Wires, Laying Plastic Films, Plastic Products, Acting as a Commission Agent, and Generation of Power through the wind mill.
With a market capitalization of Rs. 837 Crores the shares of DP Wires Limited closed at Rs.540, down 1.64 percent from its previous day’s close price of Rs. 549.
Its revenue from operations grew by 98 percent from Rs. 613 Crores in FY22 to Rs. 1,215 Crores in FY23, accompanied by increasing profits of Rs. 29 Crores to Rs. 41 Crores.
It has reported a return on equity (ROE) of 23.9 percent and a return on capital employed (ROCE) of 32 percent, it is making good returns on its equity and capital employed. It has a low debt-to-equity ratio of 0.15.
Written by Bharath KS
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