Top Debt-Free Stocks Below Rs 500 to Monitor in 2024

Explore the selection of debt-free stocks priced under Rs 500 that warrant attention for potential investment opportunities in the year 2024.

1.Coal India Ltd

 

Coal India Ltd is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns etc.

 

The company’s financial statements reported a 27% increase in revenue from operations, from Rs. 1,00,563 crore in FY22 to Rs. 1,27,627 crore in FY23. The net profit stood at Rs. 28,125 crore, an increase of 61% from Rs. 17,378 crore in FY22. The significant profit growth can be attributed to the surge in sales along with an increase in average realization per tonne.

 

Market Cap ₹ 2,75,012 Cr. Current Price ₹ 446
High / Low ₹ 488 / 208 Stock P/E 9.42
Book Value ₹ 113 Dividend Yield 5.43%
ROCE 70.5% ROE 56.0%
Face Value ₹ 10.0 EPS ₹ 47.7
Sales growth 5Years 10.2% Sales growth 3Years 12.9%

Juniper Hotels IPO 

GPT Healthcare IPO 

Sadhav Shipping IPO 

2. ITC Ltd

 

Established in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business. 

The company’s financial statements reported a 17% increase in revenue from operations, from Rs. 60,645 crore in FY22 to Rs. 70,919 crore in FY23. The net profit stood at Rs 19,477 crore, increasing 26% from Rs 15,503crore in FY22. The three-year average RoE and RoCE stand at 25% and 33.6%, respectively. The 3-year net profit margin stood at 27.92%.

 

Market Cap ₹ 5,06,028 Cr. Current Price ₹ 406
High / Low ₹ 500 / 370 Stock P/E 24.7
Book Value ₹ 55.4 Dividend Yield 3.16%
ROCE 39.0% ROE 29.1%
Face Value ₹ 1.00 EPS ₹ 16.5
Sales growth 5Years 10.3% Sales growth 3Years 12.8%

3. Wipro Ltd

 

Wipro Ltd is a global Information technology, consulting and business process services (BPS) company.

It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies

The company’s financial statements reported a 14% increase in revenue from operations, from Rs. 79,093 Cr in FY22 to Rs. 90,488 Cr. in FY23. The net profit stood at Rs. 11366 crore, decreasing from Rs. 12243 crore in FY22.

The three-year average RoE and RoCE stand at 18.4% and 20.3%, respectively. The ratio indicates efficient utilization of resources and making good returns for shareholders. The net profit margin decreased from 15.42% to 12.54%.

Parameter Value Parameter Value
Market Cap ₹ 2,77,183 Cr. Current Price ₹ 530
High / Low ₹ 546 / 352 Stock P/E 24.5
Book Value ₹ 133 Dividend Yield 0.19%
ROCE 17.7% ROE 15.9%
Face Value ₹ 2.00 EPS ₹ 21.1
Sales growth 5Years 10.7% Sales growth 3Years 14.0%

4. Fortis Healthcare

FHL was incorporated in February 1996. The company’s first healthcare facility became operational in Mohali, Punjab in 2001. It is a leading integrated healthcare service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities. Currently, the company operates its healthcare delivery services in India, Nepal, Dubai and Sri Lanka with 36 healthcare facilities with approximately 4,000 operational beds

The company’s financial statements reported a 10% increase in revenue from operations, from Rs. 5718 crore in FY22 to Rs. 6298 crore in FY23. The net profit stood at Rs. 632.98 crore, down 20% from Rs. 789.95 crore in FY22. The net profit decreased as there was a huge, exceptional gain last year.

Parameter Value Parameter Value
Market Cap ₹ 33,494 Cr. Current Price ₹ 444
High / Low ₹ 470 / 245 Stock P/E 62.6
Book Value ₹ 101 Dividend Yield 0.23%
ROCE 9.83% ROE 7.77%
Face Value ₹ 10.0 EPS ₹ 7.32
Sales growth 5Years 6.67% Sales growth 3Years 10.8%

5.Nippon Life India Asset Management Ltd

 

Nippon Life India Asset Mgt. is engaged in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds and pension funds; and offshore funds and advisory mandates

The company’s financial statements reported a 3.3% increase in revenue from operations, from Rs. 1307 crore in FY22 to Rs. 1350 crore in FY23. The net profit stood at Rs. 723 crore, decreasing 3% from Rs. 744 crore in FY22. The three-year average RoE and RoCE stand at 22.3% and 29.3%, respectively. The 3-year average net profit margin stood at only 58%. 

 

Parameter Value Parameter Value
Market Cap ₹ 31,866 Cr. Current Price ₹ 507
High / Low ₹ 541 / 197 Stock P/E 33.1
Book Value ₹ 56.8 Dividend Yield 2.28%
ROCE 26.6% ROE 20.7%
Face Value ₹ 10.0 EPS ₹ 15.4
Sales growth 5Years -2.72% Sales growth 3Years 8.23%

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

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