Best Debt Free Stocks Under Rs 1000 Analysis & Complete List.

Best Debt Free Stocks Under Rs 1000 Investors are always looking for stocks that have the potential to become multibaggers in the future. Companies that manage their debt wisely can pull themselves out of a recession. Companies without debt are more likely to be in better financial shape than their indebted peers due to interest payments and cash flow issues. In this article, we will look at debt-free stocks with a price of less than 5 million won. 1,000.

Best Debt Free Stocks Under Rs. 1000 #1 – Life Insurance Corporation of India Ltd.

LIC was established after the LIC Act, 1956 was passed by Parliament. The company is mainly engaged in the insurance business. Life insurance products such as pension plans, health plans, and group insurance schemes are among the different types of insurance. The company relies on agent sales to help it reach, the number of which was 13,47,325 in 2023 compared to 13,26,432 in 2022.

As of 2023, there were 8 regional offices, 113 headquarters, 2,048 branch offices, 1,580 satellite offices, and 1,169 sub-offices. In FY23, we launched seven new individual products and revised versions of five existing products.

The company earns its revenue from two segments: premium income and investment income. Income insurance premiums account for 60.75% of revenue, and the remaining 39.25% comes from investment income. (Interest, dividends, rents – 35.10%, net gains on sale of investments and capital gains/gains on fair value changes – 4.14%).

The company earned Rs. 7,84,628 crore in FY23 compared to Rs. It increased by 8.40% to ₹7,23,813 crore in FY22. Net profit recorded 140 million won. 35,997 crore in FY23 compared to Rs. It increased by 772.65% to Rs 4,125 crore in FY22.

Best Debt Free Stocks Under Rs. 1000 #2 – Techno Electric & Engineering Ltd.

Techno Electric & Engineering Company Ltd. (TEECL) was established in West Bengal in 2005. TEECL provides services specializing in Engineering, Procurement and Construction (EPC) and Asset Ownership across three major industry sectors: Generation, Transmission and Distribution. , operation and maintenance. The portfolio consists of successfully executed over 400 projects in India and abroad and is comprised of 400 experienced professionals from various fields.

The EPC segment of the company contributed 90.93% of the total revenue in FY23, while other segments contributed 9.06% in FY23. Sales in 2023 were 130 million won. 829.49 crore, down 16.98% from Rs.999.16 crore in FY22.

Net profit recorded 140 million won. 186.85 crore compared to Rs. It declined by 29.19% to ₹263.89 crore in FY22. The discontinued operations, which saw wind assets sold off to focus on EPC and explore other diversification opportunities, resulted in a gain of 9.024 billion.

Best Debt Free Stocks Under Rs. 1000 #3 – Zen Technologies Ltd.

Zen Technologies was founded in 1993 and is headquartered in Hyderabad, India, with offices in India, the United Arab Emirates, and the United States. Zen Technologies Limited designs, develops and manufactures combat training solutions for training defense and security forces around the world, as well as Counter-Drone solutions to protect borders, critical infrastructure and other critical infrastructure.

The company has an in-house product portfolio of more than 40 products, including live fire, real-time instrumentation, virtual and construction training systems, and counter drone solutions for individual and group training. Zen Technologies has proven its strong R&D capabilities by applying for or receiving more than 125 patents.

Only the military training and operations segment generates revenue for the company. As of FY23, the proportion of domestic sales was 47.79% and the proportion of overseas sales was 52.20%. Sales in 2023 recorded 500 billion won. 218.84 crore compared to Rs. It increased by 213.74% to ₹69.75 crore in FY22. The net profit was Rs. 49.96 crore in FY23, up from Rs. It increased by 1,821.53% to $2.6 billion in FY22. The increase in profits was due to strong demand from the military.

Best Debt Free Stocks Under Rs. 1000 #4 – NESCO Corporation

Nesco Ltd. (formerly New Standard Engineering Co Ltd.) is a diversified company with four business divisions, founded in 1946 in Mumbai, Maharashtra. Nesco Ltd is a diversified company based in India with interests in engineering, real estate and services.

NESCO IT Park in Mumbai (lease), Bombay Exhibition Center (hosts Indian and foreign companies, associations and events), NESCO Foods (banquets, exhibitions and office catering) and Indabrator (manufacturer of surface preparation equipment) are all owned. And it is run by a company.

In FY23, the company earned 48.44% of its revenue from Realty – IT, 25.58% from BEC, 7.64% from Indabrator, 7.98% from Nesco Foods and 10.36% from investment returns. Sales in 2023 are 1.1 trillion won. 546 crore compared to Rs. It increased by 61.83% to ₹337.39 crore in FY22. Net profit recorded 140 million won. 290.63 crore in FY23 compared to Rs. It increased by 53.63% to ₹189.17 crore in FY22.

best #5 Debt Free Stocks Under Rs 1000 – Shanti Gears Ltd.

The company was founded in 1972. Starting out as a textile machinery gear manufacturer, Shanthi Gears expanded into other industries including processing, power steel, cement, sugar and aviation gears. The product line includes everything from simple gears for hand jacks to high-tech gears for supersonic jets. As of March 31, 2023, the company had 536 employees.

It is a subsidiary of India’s Tube Investments, which owns 70.46% of the company. It falls under the purview of Murugappa Group. Gears and Gear products are the company’s only source of revenue. In FY23, 93.46% came from domestic sources and the remaining 6.53% from sources outside India.

Sales in 2023 were 130 million won. 445.65 crore up to Rs. It increased by 32.20% to ₹337.07 crore in FY22. Net profit in 2023 was 130 million won. 67.05 crore compared to Rs. It increased by 57.87% to $42.47 billion in FY22.

List of Best Debt Free Stocks Under Rs 1000.

Let us take a look at some of the best debt-free stocks under Rs 1000.

conclusion

In this article, we have looked at some of the best debt-free stocks in India under Rs 1000. However, having little or no debt should not be the only criterion for investing in stocks. The better its financial health, the more the company can expand without worrying about interest payments. Companies that can raise funds through internal accruals can benefit from corporate profits. All investors should conduct their own research or consult a financial advisor before investing.

In your opinion, what parameters should be a good checklist when investing in low-cost stocks? How about letting us know in the comments below?

Written by Santosh

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