Top stocks under Rs 10 in India to watch in 2024
Top stocks under Rs 10 in india: Decades ago, few people would have considered investing in the stock market. Since no Demat account existed, they received share certificates as a sign of ownership and lost track of their money. Years later, their children or grandchildren discover these certificates and realize that the shares their grandparents bought for throwaway prices are now worth a lot.
In this article, we look at the top stocks under Rs 10 to understand their business and financials and the list of blue chip stocks.
Best stocks under Rs 10 in India
Top Stocks Under Rs 10 In India #1 – FCS Software Solutions Ltd
FCS Software Solutions Limited is an IT company providing IT and IT support services with over 25 years of experience.
The company has strong delivery capabilities in application development and maintenance, eLearning and digital content management, software testing, infrastructure management services, and product development.
FCS Software has more than 250 global customers, including McKinsey, IBM, Dominos, KPMG and others, and has technology partnerships with Microsoft, HP, Oracle and IBM.
As of March 31, 2023, the company has eight offices in six cities in India, Dubai and other cities in Germany.
Revenue contributions by segment include Infrastructure Management at 24%, IT and IT Support Services at 59%, and Training/E-Learning at 17%.
According to the company’s financial statements, operating revenue increased by 1%, up from Rs. Rs.34.91 Cr from 34.62 Cr in FY22. In FY23. Net profit was Rs.1.46 Cr, up from loss of Rs (0.05) Cr. In FY22.
| Detail | sheep | Detail | sheep |
| CMP | 5 | Market capitalization (Cr.) | 781.27 |
| EPS(TTM) | 0.02 | stock PER | 0 |
| roe | 0.88% | Lhotse | 2.11% |
| Promoter Holdings | 19.65% | FII Holdings | 0.02% |
| Debt vs. Equity | 0.11 | Price vs Book Value | 4.75 |
| operating profit margin | 15.98% | net profit margin | 4.18% |
Top Stocks Under Rs 10 In India #2 – Sarveshwar Foods Ltd
Sarveshwar Foods Ltd. was founded in 1890 by the late Shri Mulamal Ji and is currently owned and managed by the fourth generation of the family. With a history of 133 years, the company is a renowned brand in Jammu and Kashmir that offers a complete range of traditional Indian Basmati rice along with the philosophy of Sattvic and conscious lifestyle.
Sarveshwar combines centuries-old values with traditional agriculture, modern manufacturing processes and cutting-edge quality systems. Their product portfolio includes Indian traditional Basmati rice, 1121 Basmati rice, Pusa Basmati rice, Sharbati rice, PR 11 rice, IR 8 rice etc. available in various pack sizes.
It has two state-of-the-art factories spread across 24 acres and has a rice processing and packaging capacity of over 350 MT per day.
They have a strong distribution network in India with their products available in 3000+ super stores and a global presence with 50000+ happy customers in 25+ countries.
According to the company’s financial statement, operating revenue increased by 14%, up from Rs. Rs.689.32 Cr from 604.72 Cr in FY22. In FY23. Net profit was Rs.7.91 Cr, up 28% from Rs.6.19 Cr. In FY22.
| Detail | sheep | Detail | sheep |
| CMP | 5.4 | Market capitalization (Cr.) | 527.58 |
| EPS(TTM) | 0.12 | stock PER | 39.82 |
| roe | 4.87% | Lhotse | 8.14% |
| Promoter Holdings | 54.91% | FII Holdings | 3.76% |
| Debt vs. Equity | 1.39 | Price vs Book Value | 1.84 |
| operating profit margin | 4.71% | net profit margin | 1.15% |
Top Stocks Under Rs 10 In India #3 – Comfort Intech
Comfort Intech Limited is part of Comfort Group and was established in 1994 by Mr. It was initially established as Comfort Finvest Limited by Anil Agrawal (CA, ICWA).
The Company is engaged in the business of trading products including fans, fabrics, water heaters, monoblock pumps, etc. from e-commerce marketplace platforms and direct suppliers on marketplace platforms. In 2019, we entered new business areas such as liquor, wine, foreign liquor from India, and country liquor and are continuing our business as a distiller, manufacturer, procurement company, importer, and exporter.
Comfort Group also provides all essential platforms such as BSE, NSE, MCX, MCX-SX and non-banking financial activities covering primary markets, investment solutions, debt servicing, capital markets, equities, derivatives, currency derivatives and deposit services. (CDSL) provides project financing, wholesale financing and other sectors to its clients.
Revenue distribution: 64% commodity trading, 33% alcohol manufacturing, 0.5% stock and mutual fund trading, 2% financing, 0.5% leasing.
The company’s financial statement reported a 24% increase in operating revenue, increasing from Rs.132.10 Cr in FY22 to Rs.164.12 Cr. In FY23. Net profit increased by 23% to Rs.5.89 Cr from Rs.4.8 Cr. In FY22.
| Detail | sheep | Detail | sheep |
| CMP | 9.76 | Market capitalization (Cr.) | 312.26 |
| EPS(TTM) | 0.28 | stock PER | 28.25 |
| roe | 5% | Lhotse | 7.08% |
| Promoter Holdings | 57.46% | FII Holdings | 0.00% |
| Debt vs. Equity | 0.07 | Price vs Book Value | 1.88 |
| operating profit margin | 4.94% | net profit margin | 3.59% |
Top Stocks Under Rs 10 In India #4 – Madhav Infra Projects
Madhav Infra Projects Ltd was founded in 2010 and operates in the sectors of energy, real estate, highways and urban infrastructure.
Madhav has ventured into all areas of power such as generation, transmission and distribution. It has also completed SPV power projects in several states, including Karnataka, Punjab and Gujarat, and has projects underway in Gujarat, New Delhi and Uttarakhand.
We have completed projects for clients such as Gujarat State Electricity Corporation Limited, Oil and Natural Gas Corporation of India, Energy Efficiency Services Limited, etc.
According to the company’s financial statement, operating revenue increased by 17%, up from Rs. 460.07 Cr in FY22 to Rs. 512.7 Cr. In FY23. Net profit was Rs.36.57 Cr, up 445% from Rs.6.70 Cr. In FY22.
| Detail | sheep | Detail | sheep |
| CMP | 8.29 | Market capitalization (Cr.) | 192.75 |
| EPS(TTM) | 0.87 | stock PER | 8.22 |
| roe | 29.19% | Lhotse | 20.18% |
| Promoter Holdings | 69% | FII Holdings | 0.00% |
| Debt vs. Equity | 1.24 | Price vs Book Value | 1.04 |
| operating profit margin | 11.23% | net profit margin | 7.13% |
#5 Top Stocks Under Rs 10 In India – Inventure Growth & Securities Ltd
Founded in 1995, Inventure Growth & Securities Ltd. provides stock brokerage and related services.
It holds membership in the Cash and Derivatives segment of Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), Currency Futures segment of BSE and NSE, MCX Stock Exchange (MCX-SX) and Wholesale Bond Market segment. BSE and NSE.
The company is also a member of OTC Exchange of India (OTCEI). The company is also registered as a depository participant with Central Depository Service (India) Limited (CDSL).
Its portfolio of services includes trading, research, mutual funds, insurance, MTFs, IPOs, deposits, global market investments and more.
Segmental revenue mix includes 55% stock/commodity broking, 17% financial activities, and 28% other.
The company’s financial statement reported a 5% increase in revenue from operations, increasing to Rs.48.81 Cr from Rs.46.55 Cr in FY22. In FY23. Net profit was Rs.9.26 Cr, down 33% from Rs.13.95 Cr. In FY22.
| Detail | sheep | Detail | sheep |
| CMP | 2.95 | Market capitalization (Cr.) | 225.12 |
| EPS(TTM) | 0.09 | stock PER | 28.28 |
| roe | 4.54% | Lhotse | 6.24% |
| Promoter Holdings | 26.40% | FII Holdings | 0.00% |
| Debt vs. Equity | 0.13 | Price vs Book Value | 1.07 |
| operating profit margin | 26.18% | net profit margin | 18.97% |
bonus
RattanIndia Power Limited is one of India’s largest private power companies, with 2,700 MW of thermal power plants installed at Amravati and Nashik (1,350 MW at each location) in Maharashtra. Although RattanIndia appears to have a good opportunity, it has been a loss-making company for the past five years. The loss in FY23 was Rs 632 Cr. The revenue reached Rs 796 Cr. The CMP for the stock is 9.44.
Top stocks under Rs 10
| company | CMP | market capitalization |
| rattan indian power | 9.45 | 5074.76 |
| Unitek | 9.31 | 2435.77 |
| GTL Infrastructure | 1.33 | 1703.34 |
| Vikas Life Care | 5.14 | 738.58 |
| dependency communication | 2.38 | 658.19 |
| Nagarjuna Fertilizers and Chemicals | 9.94 | 594.51 |
| Mangalam Industrial Finance | 4.83 | 4.83 |
| Vikas Ecotec | 3.40 | 460.15 |
| GACM technology | 1.12 | 346.63 |
| toam sports | 5.43 | 306.96 |
Things to keep in mind before buying stocks under ₹10
Investors should exercise caution when evaluating whether to invest in these stocks. New investors without a portfolio approach believe they are buying stocks at much lower prices.
If the stock price falls further, I don’t think there will be much loss, and if the stock price rises, I think I will make a multi-bagger profit. However, you can lose 100% of your capital while investing in these stocks.
These stocks can yield high returns but carry very high risk. Investors can use approximately 2% to 3% of their portfolio value to invest in these stocks.
Finishing
In our article Top Stocks Under Rs 10 in India to Watch in 2024, we have examined the financials of a few of the best stocks under Rs 10. However, before investing we analyze these stocks thoroughly and look at their business perspective. It is also important to understand risk and return characteristics and suitability.
Please leave a comment with your thoughts in the section below.
Written by Ashish Agarwal
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