High FII Holding Stocks Under Rs 200: When investing in the stock market, we always try to find the best investments, available at the most affordable prices. Although Share Price is not the most accurate measure of valuing a stock, our emotional bias is always attracted to a stock in Double or Triple Digits.
At the same time, knowing that a Foreign Fund has picked up a stake does instill a lot of confidence in the stock. Keeping this in mind, let us try finding a couple of stocks with, High FII Holding, yet available at affordable prices.
In this article on High FII Holding Stocks Under Rs 200, we will analyze the stocks, their business, financials and more. Keep reading..
Table of Contents
High FII Holding Stocks Under Rs 200
We will take a brief look at the Company and its activities, and then we shall take a look at its Revenues and profits, before finally concluding the article.
1. Redington
Redington (previously known as Redington India) is the leading distributor of Hardware & software solutions and an integrated supply chain provider. The Company was established in 1993 by R. Srinivasan in Mumbai. Redington began its journey as a distributor of Epson, Tripp Lite, and Samsung.
In the late 1990s, it ventured into becoming a distributor of Intel, IBM, Canon, and Microsoft for its software products. The Company set up a subsidiary, Redington Gulf FZE, to expand into the Middle-Eastern & Gulf markets in 1999.
Over the years, multiple foreign Companies picked up stakes in Redington such as Synnex Mauritius Ltd, ChrysCapital, and Standard Chartered PE. In 2019, the Company finally became a Professionally managed entity with no promoter ownership.
Today, Redington has set up a flourishing supply chain distribution system worth Rs $8.4 billion (Rs. 67,900 Cr). The Company is a distributor of over 290+ International brands across 38 emerging markets.
The Company made Net Sales of Rs. 79,519 Cr in FY23, which increased by 27% from Rs. 62,732 Cr in FY22. At the same time, Net Profits increased by a mere 9%, from Rs. 1315 Cr in FY22 to Rs. 1440 Cr in FY23. The slow growth in Net Profits came as a result of higher purchase costs and other Expenses.
Redington has the highest FII Holding coming at around 56.30%. Synnex Technology International Corp remains the largest FII shareholder owning 24.13% of the Company. Other notable shareholders are Fidelity Puritan Trust (3.74%), MIT (1.73%) and Vanguard(1.02%).
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹171.3 | Market Cap (Cr.) | ₹13,179 |
| EPS | ₹17.82 | Stock P/E | 10 |
| RoE | 22.20% | RoCE | 24.70% |
| Promoter Holding (%) | 0.00% | FII Holding (%) | 56.25% |
| Debt to Equity | 0.48 | Price to Book Value | 1.8 |
| Operating Profit Margin (%) | 2.33% | Net Profit Margin (%) | 1.81% |
2. Petronet LNG
Petronet LNG Limited was established on April 2, 1998, to set up terminals to import Liquified Natural Gas (LNG). It was set up as a Joint Venture by 4 of the leading Oil and gas PSUs: ONGC, IOCL, GAIL, and BPCL. The 4 PSUs invested 50% of the capital, with the remaining being fuelled by Mutual Funds, FPIs, FIIs, and Public.
The construction of its first terminal began in 2000. The Company made a gas sale agreement with stakeholders GAIL, IOCL & BPCL to supply gas in 2006. Petronet LNG today remains a dominant player in the LNG market meeting 40% of gas demand.
Petronet set up South East Asia’s first LNG Receiving and Regasification Terminal. The plant began with an initial capacity of 5 MMTPA at Dahej, Gujarat. The capacity of the terminal currently stands at 17.5 MMTPA. The plant is under development to expand capacity to 22.5 MMTPA, which will happen in two phases.
The Dahej terminal is the country’s largest single-location LNG storage and regasification terminal. It recently achieved the milestone of handling the 3000th LNG cargo. It also offers tolling services to off-takers and bulk customers. To cater to small customers who do not have gas pipeline connectivity, Dahej supplies LNG via cryogenic trucks.
The terminal has 6 LNG storage tanks and other vaporization facilities. It has two LNG Jetties which can handle Q-Flex and Q-Max Vessels. A Jetty is a form of construction that extends an onshore terminal out on the water.
Petronet LNG reported strong revenue growth of 39%, growing from Rs. 43,466 Cr in FY22 to Rs. 60,422 Cr in FY23. However, Net Profits fell by over 3%, from Rs. 3438 Cr in FY22 to Rs. 3326 Cr in FY23. Net Profits fell as a result of Materials costs which increased by 46% since the previous year.
The Company has an FII Holding of 33.31% with T. Rowe Price & Government of Singapore holding 2.78% and 2.31% respectively.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹196.00 | Market Cap (Cr.) | ₹29,438.00 |
| EPS | 22.17 | Stock P/E | ₹8.65 |
| RoE | 22.85% | RoCE | 24.58% |
| Promoter Holding (%) | 50.00% | FII Holding (%) | 33.31% |
| Debt to Equity | 0.2 | Price to Book Value | 1.84 |
| Operating Profit Margin (%) | 9.31% | Net Profit Margin (%) | 5.41% |
3. Federal Bank
Federal Bank is a Private Sector Commercial bank established in the South Indian State of Kerala. The bank was incorporated in 1931 as Travancore Federal Bank Ltd. The Bank was taken over by the Late Kulangara Paylo Hormis, who would head the bank as its CEO.
In 1959, the Bank was licensed under the Banking Companies Act, of 1949. Over the years it went on to acquire multiple distressed banks in Kerala. It became a scheduled commercial bank in 1970.
Today, Federal Bank is thriving in the Personal, NRI, and Business Banking divisions. As of FY23, The Bank had deposits of Rs. 2.13 Lakh Cr and advances of Rs. 1.74 Lakh Cr. The Bank has built a strong presence with 1355 branches across the country catering to 1.6 Cr customers.
The Bank maintains a CASA Ratio of 32.74%, with Current Deposits of Rs. 14,189 Cr and Savings Deposits of Rs. 55,452 Cr. The Bank is maintaining Net Interest margins of 3.31%.
The Bank’s Net Interest Income has grown by 27.06%, from Rs. 5692 Cr in FY22 to Rs. 7232 Cr in FY23. Net Profit has performed even better, increasing by 59.31%, from Rs. 1890 Cr in FY22 to Rs. 3011 Cr in FY23. NII and Net Profit have grown at a CAGR of 14.72% & 24.73% respectively in the past 5 years
As of September 2023, The Bank has Foreign Institutional shareholders owning 29.42% of the Federal Bank. IFC Emerging Asia Fund and IFC Financial Institutional Fund own 1.75% of the Bank each.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹155.8 | Market Cap (Cr.) | ₹37,633 |
| EPS | ₹14.27 | Stock P/E | 9.8 |
| RoE (%) | 15.02% | RoA (%) | 1.28% |
| Promoter Holding (%) | 0 | FII Holding (%) | 27.01% |
| GNPA (%) | 2.36% | Price to Book Value | 1.45 |
| Net Interest Margins (%) | 3.31% | Net Profit Margin (%) | 18.00% |
4. Manappuram Finance
Manappuram Finance is India’s leading gold loan NBFC. The Company was founded in Valapad, a coastal village of Thrissur District in Kerala. Manappuram began its journey as a pawnbroker and a money lending Company by V.C. Padmanabhan. Post his death, Nandakumar, his son took over the NBFC as its MD & CEO.
He incorporated Manappuram Finance Ltd in 1992 listing it on the exchange. Today, the NBFC has about 5000 branches, employing a workforce of 45,000 employees across 28 states & Union Territories.
In 2007, the Company received funding from Sequoia Capital, which invested Rs. 70 Cr along with Hudson Equity Holdings. Over the next three years, the Company raised a sum of Rs. 1245 Cr via two QIPs inviting funds from Foreign Investors.
The NBFC has always leveraged Technology to create a proprietary platform developed by Manappuram. It helps the NBFC weed out substandard gold and speed up the lending process.
In 2015, Manappuram launched its product offering Online Gold Loans. Customers could accept the facility 24/7, from anywhere across the world receiving funds instantly. The NBFC also plans to launch Co-Branded credit cards to couple with a gold loan offering.
Over the last couple of years, the Company has taken steps to diversify its lending business away from Gold Loans. It has diversified into areas like microfinance, vehicle and housing finance, and SME lending. Its Commercial Vehicle & Housing Finance have a total AUM of Rs. 3.55 Lakh Cr.
The Company earned Interest Income worth Rs. 6440 Cr in FY23, which increased by 10% from Rs. 5840 Cr in FY22. Net Profits increased by 13%, increasing from Rs. 1329 Cr in FY22 to Rs. 1500 Cr in FY23.
Manappuam has a high Foreign Institutional holding of 27.08%. BoFa Securities Europe & Bnp Paribas own stakes of 2.95% & 2.82% respectively.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹164.75 | Market Cap (Cr.) | ₹14,076 |
| EPS | ₹17.72 | Stock P/E | 7.12 |
| RoE (%) | 16.61% | RoA (%) | 4.08% |
| Promoter Holding (%) | 35.20% | FII Holding (%) | 27.08 |
| GNPA (%) | 1.3% | Price to Book Value | 1.26 |
| Asset Under Management (AUM) (Cr.) | ₹24,202.20 | Net Profit Margins (%) | 22.40% |
5. PTC India
PTC India (Power Trading Corporation) is a Government initiative set up in April 1999 to provide a trading platform & mitigate credit risk to private power project developers.
PTC was set up as a Public-Private Partnership with a diverse set of boards comprising directors from both the private & public sectors. Government entities like NHPC Ltd, PFC, PowerGrid Corp, and NTPC form part of the consortium of promoters of PTC India. They collectively own 16.22% stake in the Company.
In 2001, the Company ventured into starting an energy exchange in India to undertake trading activities, including trading long-term energy contracts. It has a client base covering all state utilities of India, also covering some utility companies from neighboring countries.
Apart from PTC’s core business of providing Power Trading services, the Company also owns trading assets of its own via its subsidiary PTC Energy Ltd. It also provides advisory services such as Portfolio Management and Transmission Infrastructure Services.
PTC saw a drop in revenue of 5.2%, from Rs. 16,880 Cr in FY22 to Rs. 16,002 Cr in FY23 due to a drop in volume. At the same time, PTC saw a drop of 8.07% in Net Profits, falling from Rs. 552 Cr in FY22 to Rs. 507 Cr in FY23.
As of September 2023, the Company has a Foreign Institutional Holding of 27.47%. Fidelity Funds & CIM Investment own 5.16% and 4.05% of the Company respectively.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹173.05 | Market Cap (Cr.) | ₹5,140.18 |
| EPS | ₹15.05 | Stock P/E | 9.34 |
| RoE | 9.03% | RoCE | 9.21% |
| Promoter Holding (%) | 16.20% | FII Holding (%) | 27.50% |
| Debt to Equity | 1.23 | Price to Book Value | 0.95 |
| Operating Profit Margin (%) | 8.22% | Net Profit Margin (%) | 3.13% |
List of High FII Holding Stocks Under Rs 200
The list below puts together 10 High FII Holding Stocks Under Rs 200
| Name | CMP | Mkt Cap | FII Holding (%) |
|---|---|---|---|
| Redington | ₹171.3 | ₹13,179 | 56.25 % |
| Petronet LNG | ₹196.00 | ₹29,438.00 | 33.31% |
| The Federal Bank | ₹155.8 | ₹37,633 | 27.01 % |
| Manappuram Finance | ₹164.75 | ₹14,076 | 27.08% |
| PTC India | ₹173.05 | ₹5,140.18 | 27.47% |
| NCC | ₹164.00 | ₹10,312.00 | 24.20% |
| City Union Bank | ₹148.00 | ₹10,962.00 | 23.70% |
| Indiabulls Housing Finance | ₹188.00 | ₹9,006.00 | 22.40% |
| Indus Towers | ₹187.00 | ₹50,368.00 | 21.40% |
| Gujarat State Fertilizers & Chemicals | ₹186.00 | ₹7,432.00 | 20.70% |
Conclusion
As we conclude our article on High FII Holding Stocks Under Rs 200, we were able to find quite a diverse list of stocks ranging from a Distributor, Bank, to a Trading Corporation & NBFC. The Companies on this list have in some form had Foreign VCs invest in them, resulting in High FII stakes.
The stocks on this list are in no form a recommendation to investors. These are just a list of funds that Foreign Institutions have picked up stakes in. These stocks would require more thorough research performed from your end, before making any investment.
So with this, we would like to conclude the article. Did you find any of this stock appealing? Let us know in the comments below.
Written by Nasir Hussain
By utilising the stock screener, stock heatmap, portfolio backtesting, and stock compare tool on the Trade Brains portal, investors gain access to comprehensive tools that enable them to identify the best stocks, also get updated with stock market news, and make well-informed investment.
