Analysis and complete list of best debt-free stocks under Rs 100.

Best Debt Free Stocks Under Rs 100 A debt-free company is always seen as a positive prospect because it has less risk of bankruptcy and management is confident. In this article, we will take a look at a few debt-free stocks under Rs 100 that are worth keeping an eye on. Please continue reading to find out about this.

Best Debt Free Stock Under Rs 100 #1: NBCC (India) Ltd.

National Buildings Construction Corporation Limited (NBCC) was established as a public sector undertaking in 1960 to undertake civil engineering projects for state governments, central government departments, public and private sectors.

NBCC has three main divisions: Project Management Consulting, Engineering Procurement and Construction, and Real Estate. Their respective contributions to total revenue are 92%, 6%, and 2%, respectively. NBCC has an order book of approximately Rs 45275 Crores as on March 31, 2023.

The company has 20 offices across India and three other countries. We have carried out projects in Libya, Iraq, Yemen and Nepal, and are currently present in Mauritius, Maldives, Seychelles and Dubai, and are exploring new opportunities in Jeddah, Burundi and Zambia.

Some of NBCC’s notable projects include: India-Maldives Friendship School of Hospitality and Tourism Studies in Male Republic of Maldives, Mauritius New Supreme Court Building, All India Institute of Ayurveda Goa, National Insurance Bhawan Kolkata, AIIMS Bilaspur-Himachal Pradesh. etc.

The company’s financial statement reported a 14% increase in operating revenue at Rs.7691 Cr. Rs.8754 Cr in FY22. In FY23. Net profit remained at Rs.278 Cr. 17% increase from Rs.238 Cr. In FY22. The three-year average RoE and RoCE are 14.82% and 30.82%, respectively. The three-year net profit margin was 3.24%. Rate of return indicates efficient utilization of resources. Margins are low.

As on March 31, 2023, the promoters of the company hold 61.75%% of the shares and FIIs hold 3.43% shares. This ratio has remained constant over the past four years.

Best Debt Free Stock Under Rs 100 #2: Den Networks Ltd.

Founded in 2007, Den Networks is a mass media and entertainment company that provides visual entertainment to 13 million households across 13 major states and over 500 countries in India through cable television, over-the-top (OTT) entertainment and broadband services. . city.

Den Networks holds a leading position in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand in India. It has the largest subscriber base of any cable player. A strategically and economically important hub for the Hindi Market (HSM).

Operating revenue accounted for 53% from subscriptions, 36% from placements, and 11% from other. According to the company’s financial statements, operating revenue increased 32% to KRW 1.1 trillion. Rs.1130 Cr from 1226 Cr in FY22. In FY23. Net profit remained at Rs.236 Cr. 11% increase from Rs.171 Cr. In FY22.

The three-year average RoE and RoCE are 6.98% and 5.94%, respectively. The ratio is low and needs improvement. The three-year net profit margin was 16.63%. As on March 31, 2023, the promoters of the company hold 74.90% of the shares and FIIs hold 1.08% of the shares. The promoters’ stake has remained stable over the past three years.

Best Debt Free Stock Under Rs 100 #3: Alembic Ltd.

Alembic Limited was established in 1907 and is engaged in pharmaceutical, real estate and power generation businesses. The company primarily produces bulk pharmaceuticals, such as generic APIs, but believes this business is hardly sustainable. In our real estate business, we continue to focus on leasing commercial space and gradually strengthening our rental portfolio.

The API and Real Estate segments contributed 17% and 83% respectively to operating revenue. Alembic has one API manufacturing plant in Vadodara, Windmills in Gujurat’s Ukharla town and several construction projects in Chhani, Vadodara and Gorwa.

According to the company’s financial statements, operating revenue rose 63% to Rs. Rs.127.24 Cr from 78.22 Cr in FY22. In FY23. Net profit remained at Rs.80.62 Cr. A decrease of 6% from Rs.86.19 Cr. In FY22. Profits declined primarily due to increased costs.

The three-year average RoE and RoCE are 2.62% and 2.95%, respectively. The three-year net profit margin was only 64.13%. NPM is quite high due to other income. As on March 31, 2023, the promoters of the company hold 70.88% of the shares and FIIs hold 0.70% of the shares. Promoter’s stake has remained constant over the past three years and has increased compared to FY20. .

Best Debt Free Stock Under Rs 100 #4: Jullundur Motor Agency Ltd.

Established in 1927, Julundur Motor Agency is engaged in auto parts business across India. The company deals in products such as brakes, bearings, clutches, cooling systems, engine parts, suspension, power steering, oils and lubricants, filters, etc.

Most of the company’s suppliers range from original equipment manufacturers (OEMs) to vehicle manufacturers. Jullundur has seven regional offices across India with a network of 88 branches and 75,000 dealers.

The company is focusing on opening new stores/sales units in potential tier-II and tier-III cities/towns across the country to add more products/lines to its product mix and cater to yet undiscovered areas. until now.

The company’s financial statement reported a 15% increase in revenue from operations, increasing to Rs.503.35 Cr from Rs.437.82 Cr in FY22. In FY23. Net profit remained at Rs.27.40 Cr. 12% increase from Rs.24.51 Cr. In FY22.

The three-year average RoE and RoCE are 14.05% and 18.96%, respectively, indicating efficient utilization. The three-year net profit margin was only 5.67%. NPM is decreasing due to increased competition.

As of March 31, 2023, the promoters of the company hold 51% of the shares and FIIs hold 0.05% of the shares. Promoter’s stake increased by 0.28% over FY22.

#5 Best Debt-Free Stocks Under Rs 100: Rubfila International Ltd

Established in 1993 by Rubfil.Sdn.Bhd, Malaysia, Rubfila International Ltd (RIL) is India’s largest manufacturer and exporter of extruded round latex rubber yarn. It is currently part of Finquest Group, Mumbai. Rubfila has two state-of-the-art plants at Kanjikode in Palakkad, Kerala and Swaminathapuram in Dindigul district, Tamil Nadu. The company produces both talcum-coated rubber yarn (TCR) and silicone-coated rubber yarn (SCR) with a total installed capacity of 27,500 tonnes per annum (TPA).

Based on geographical segment, India contributed 73% of the total revenue in 2023, while the rest of the world accounted for 27%. By sector, latex rubber yarns accounted for 81%, paper tissues accounted for 18.8%, and cardboard boxes accounted for 0.2%.

According to the company’s financial statements, operating revenue declined by 4%, down from Rs. From Rs.476.75 Cr in FY22 to Rs.457.08 Cr. In FY23. Net profit stood at Rs.25.95 Cr. 42% reduction from Rs.44.64 Cr. In FY22. The lack of orders forced Rubfila to reduce production in the second and third quarters of this year.

The three-year average RoE and RoCE are 16.81% and 22.72%, respectively. The three-year net profit margin was only 8.46%. These returns indicate efficient utilization of resources, although NPM is declining and expected to remain under pressure in the medium term. As on March 31, 2023, the company’s promoters hold 57.16% of the shares and FIIs hold 0% of the shares. Promoter’s stake decreased by 5.49% over FY21 but increased by 0.08% as of September 2023.

Other debt-free stocks below Rs 100.

conclusion

Concluding this article titled “Best Debt Free Stocks Under Rs 100”, we have learned about their business and its basics. Because it is a micro-cap stock, it is considered a risky investment. Before investing, detailed analysis is required to determine the nature and suitability of risk and return. Please write your thoughts in the section below.

Written by Ashish Agarwal

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