High Promoter Holding Stocks under Rs 200: When it comes to investing, there are numerous factors to consider before buying a stock. However, one of the fundamental criteria that can indicate the potential of a business is the percentage of ownership held by its promoters in the company. In this article, we will go through some of the top high promoter holding stocks under Rs 200 from different sectors and analyze them…
High Promoter Holding Stocks Under Rs 200
For our study, we’ll read about the business and operations of five companies from various industries. Without any further delay, let us look at the 5 stocks we have selected under Rs 200 and above Rs 100.
High Promoter Holding Stocks Under Rs 200 #1 – JTEKT India
JTEKT India Limited, a part of JTEKT Corporation Japan, is an integral part of JTEKT Group India.
It is engaged in the manufacture, supply and sale of steering systems, viz. steering gears, columns and RPS assemblies, axle assemblies and other auto ancillaries to most Indian passenger car and utility vehicle manufacturers.
The company has seven strategically positioned plants in Gurgaon, Bawal, Dharuhera, Sanand, and Sriperumbudur from which it serves key customers throughout India and major auto clusters throughout the country.
|CMP||₹ 136.55||Market Cap (Cr.)||₹ 3,338.38|
|RoE||13.06 %||RoCE||16.3 %|
|Promoter Holding||73.98%||Current ratio||1.78|
|Debt to Equity||0.08||Price to Book Value||4.63|
|Net Profit Margin||4.26%||Operating Margin||9.14%|
Its major customers include large vehicle manufacturers in India such as Maruti Suzuki, Honda, Toyota, Tata Motors and Mahindra & Mahindra
It exports high-quality precision products to the United States, Europe, and Japan both independently and through its network of overseas joint-venture partners.
The company financials show that the company increased its revenue from ₹1,753.97 crores in FY19 to ₹2,043.93 crores in FY23. During the same period, its profits have increased from ₹78.26 Crores to ₹87.12 Crores.
Coming to the return ratios, its ROE and RoCE stood at 13.06% and 16.3% respectively, which suggests slightly below efficiency in the utilization of company resources.
The debt-to-equity ratio of 0.08 suggests that the company has low debt and primarily uses its own funds to run its operations.
Currently, the company has a price-to-book value of 4.63 which indicates that the current market price of the company is trading at a premium.
Coming to the shareholding pattern of the company, the promoters have consistently held a stake of 73.98% over the last few quarters.
High Promoter Holding Stocks Under Rs 200 #2 – Grauer & Weil (India)
Second, we have Grauer & Weil (India) a small cap stock belonging to the Chemical sector having a market capitalization of ₹2,763.54 Crores as of 13th October 2023.
Incorporated in 1957, Grauer & Weil (India) (GWL) is one of the few companies in the world that is a global provider of comprehensive coating solutions.
It is a versatile company involved in various industries, including chemicals, engineering, paints, lubricants, and real estate, operating across both domestic and international markets. The company’s operations are organized into three key segments: Surface Finishing, Engineering, and Mall.
|CMP||₹115.6||Market Cap (Cr.)||₹2,763.54|
|Promoter Holding||69.05%||Current ratio||2.87|
|Debt to Equity||0.03||Price to Book Value||3.88|
|Net Profit Margin||11.51 %||Operating Margin||15.59%|
The company currently operates multiple manufacturing facilities situated in Gujarat, Himachal Pradesh, Jammu & Kashmir, in addition to its Engineering division located in Pune District and a Mall facility in Mumbai.
Over the past 5 financial years, from FY19 to FY23, the company has witnessed a growth in net revenue from ₹ 601.08 crores to ₹981.12 crores, while its profits have also risen from ₹63.87 Crores to ₹112.95 Crores.
The ROE and RoCE stood at 17.91% and 23.76% respectively, which suggests good returns to shareholders’ capital and efficiency in the utilization of company resources.
The debt-to-equity ratio of 0.03 suggests that the company has low debt and primarily uses its own funds to run its operations.
Currently, the company has a price-to-book value of 3.88 which indicates that the current market price of the company is trading at a premium.
Talking about the shareholding pattern of the company, we can see that the promoters consistently held a stake of 69.05% over the past few quarters.
High Promoter Holding Stocks Under Rs 200 #3 – TGV SRACC
Next, we have TGV SRACC another small-cap stock belonging to the chemical sector having a market capitalization of ₹1,218.68 Crores as of 13th October 2023.
Incorporated in 1981 and headquartered in Kurnool, India, TGV SRAAC Limited, previously known as Sree Rayalaseema Alkalies and Allied Chemicals Ltd., rebranded as TGV SRAAC Limited in October 2017.
The company operates in the Chemicals and Oils and fats segments, manufacturing and distributing a wide range of products, including castor derivatives, chlor-alkali items, chloromethane products, and toilet soaps.
|CMP||₹ 113.85||Market Cap (Cr.)||₹ 1,218.68 Cr|
|Promoter Holding||63.18%||Current ratio||1.35|
|Debt to Equity||0.21||Price to Book Value||1.14|
|Net Profit Margin||15.57%||Operating Margin||23.19%|
TGV SRAAC Limited serves both domestic and international markets, exporting to numerous countries worldwide. In addition to its core manufacturing activities, the company generates power through thermal and windmill technologies, establishing itself as a significant player in the chemical and oil industries.
According to the company’s financials, net revenue has increased from ₹1,204.57 crores in FY19 to ₹2,325.73 crores in FY23. Similarly, its profits have quadrupled from ₹68.4 crores to ₹362.07 crores during the last three years.
The ROE of 40.45% and RoCE are 38.65% implies a high return on capital invested by the shareholders and a highly optimum use of the company resources.
The debt-to-equity ratio of 0.21 suggests that the company has a low amount of debt in its balance sheet.
The price-to-book value of 1.14 indicates that the company’s share price is trading at a fair value.
Regarding the company’s shareholding pattern, we can observe that over the previous few quarters, the promoters have continuously maintained a 63.18% stake in the company.
High Promoter Holding Stocks Under Rs 200 #4 – Ashok Leyland
Fourth on the list is Ashok Leyland a large-cap stock belonging to the automobile sector having a market capitalization of ₹51,631 Crores as of 13th October, 2023.
Ashok Leyland Limited is a multinational automotive manufacturer based in India, which is owned by the Hinduja Group. The company was established in 1948 as Ashok Motors and was later renamed Ashok Leyland in 1955. It is currently the second-largest manufacturer of commercial vehicles in India.
The company manufactures commercial vehicles and spare parts in India and Internationally. The company manufactures medium and heavy commercial vehicles, including buses, and trucks and also manufactures specialized defence vehicles for the armed forces and other international customers.
|CMP||₹ 168||Market Cap (Cr.)||₹ 51,631 Cr|
|RoE||17.26 %||RoCE||12.34 %|
|Promoter Holding||51.53%||Current ratio||1.08|
|Debt to Equity||3.63||Price to Book Value||5.68|
|Net Profit Margin||3.27%||Operating Margin||12.22%|
Under the brand name Leypower, it also provides comprehensive power solutions by supplying engines for a number of purposes other than automobiles, such as engines for running generator sets, marine applications, powering earth-moving equipment, compressors, cranes, and harvester combines.
Though the company’s net revenues and profits fell during FY20 and FY21, they have comparatively increased over the past five years. During FY23, the company reported net revenue and profit of ₹ 41,672.6 crores and ₹1,361.66, respectively.
While the Roe was reported at 17.26%, indicating a good return on the shareholder’s capital, its RoCE of 12.34% suggests that the company hasn’t efficiently utilized its resources.
Furthermore, the debt-to-equity ratio of 3.63 suggests that the company is highly leveraged.
Currently, the company has a price-to-book value of 5.18 which indicates that the current market price of the company is trading at a premium.
In terms of the company’s shareholding pattern, the promoters have continuously held a 51.53% stake over the last three quarters.
High Promoter Holding Stocks Under Rs 200 #5 – Amines & Plasticizers
Lastly, we have Amines & Plasticizers a Micro-cap stock belonging to the chemical sector having a market capitalization of ₹755 Crores as of 13th October, 2023.
Amines and Plasticizers is a leading producer of Ethanolamine, Alkyl Alkanolamines, morphine derivatives like NMMO 50% and gas-treating solvents in India.
It is a global supplier of organic chemicals that are used in oil refineries, natural gas plants, ammonia plants, petrochemical plants, pharmaceuticals, agrochemicals, textiles, oil field chemicals, and cosmetics, among other things.
|CMP||₹154||Market Cap (Cr.)||₹755.97 Cr|
|Promoter Holding||73.2 %||Current ratio||1.96|
|Debt to Equity||0.46||Price to Book Value||4.14|
|Net Profit Margin||3.83%||Operating Margin||7.00%|
It is the major player in the Ethanolamines and Alkyl Alkanolamines industry, meeting around 75-80% of the demand in the Indian market.
In addition, the company exports its products to more than 50 countries worldwide, including the USA, Canada, Germany, New Zealand, South Korea, South East Asia, Japan, Australia, and the Middle East.
The company financials show that the company increased its revenue from ₹455 crores in FY19 to ₹597 crores in FY23. During the same period, its profits have increased from ₹16 Crores to ₹23 Crores.
The company’s ROE and RoCE are 13.3% and 16.1%, respectively, suggesting a below-average return to shareholders capital and its resources are being utilizied to its full efficiency. The debt-to-equity ratio is 0.46, indicating that the company has low debt on its balance sheet.
Currently, the stock of the company is trading at 4.14 times over its book value. Coming to the shareholding pattern of the company, the promoters have consistently held a stake of 73.17% over the last few quarters.
As we conclude our article on ‘high promoter holding stocks under Rs 200’, we can say that high promoter holding can be used as a parameter for assessing a company’s potential. However, it’s not advisable to invest solely based on the stake of the promoter. Instead, it’s important to evaluate a stock based on multiple criteria that are independent of the promoter’s shareholding.
Written By Aaron Vas
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