Best debt-free stocks under Rs 50 to add to your watchlist in 2024.

Have you ever wondered about debt-free stocks under Rs 50? It’s like a hidden treasure because it’s a slightly safer bet among the risky pool of penny stocks. We love them because we see being debt-free as a positive sign for the future. In this article, let’s find out about cheap gemstones and find out about them.

Best Debt Free Stocks Under Rs 50

Best Debt-Free Stock Under Rs 50 #1: Infibeam Avenues Ltd.

Infibeam Avenues is a global fintech company that provides digital payment solutions (DPS) under the CCAvenue brand and enterprise software platform (ESP) under the BuildaBazaar brand to merchants, institutions, corporations and corporations.

Headquartered at Gujarat International Finance Tech-City (GIFT), Gandhinagar, it has offices in Mumbai, Delhi, Bengaluru, UAE, KSA and the US.

The company’s portfolio consists of payment acquisition (online and offline via SoftPoS), payment issuance and remittance, and related infrastructure. The number of transactions increased by 20.4% to 360 million, and the transaction amount increased by 51.8% to 360 million won. 444.7 billion.

According to the company’s financial statement, operating revenue increased by 52%, up from Rs. 1293.93 crore in FY22 to Rs 1962.34 crore in FY23. Net profit recorded 130 million won. 136.27 crore. 83.65 crore in FY22, a 63% increase. The increase in revenue was primarily due to an increase in the number and value of transactions.

The three-year average RoE and RoCE are 3.33% and 4.15%, respectively. The three-year net profit margin was 7.93%. Although the average is low, this year’s ratio is an improvement over the average.

As on March 31, 2023, the promoters of the company hold 30.63% stake, while FIIs hold 6.46% stake. This ratio remained stable compared to FY22 but decreased by 2.5% as of December 2023.

Best Debt Free Stock Under Rs 50 #2: Axita Cotton Ltd.

Established in 2013, Axita Cotton (ACL) is a manufacturer and exporter of international quality cotton bales and cotton yarns. Initially, we started as a cottonseed oil producer and exporter in 2007 under a partnership firm called ‘Aditya Oil Industries’.

The production facility is located at Kadi in Mehsana district of Gujarat. Its close proximity to the thriving cotton growing regions of Saurashtra and other parts of Gujarat enables us to procure the best raw materials and ensure the highest quality of our products.

ACL serves 12 countries around the world and its customer base includes ECOM, Amber, Nassa Group, Pacific Group, and BROS.

Operating revenue fell 32%, down from KRW 1 trillion, according to the company’s financial statements. 817.67 crore in FY22 to Rs 552.60 crore in FY23. Net profit reached 140 million won. 17.04 crore. An 11% increase from Rs. In fiscal year 22, it was $15.41 billion. Sales fell and profits rose, largely due to a shift in focus to higher-margin products and cost-cutting measures.

The three-year average RoE and RoCE are 36.74% and 46.38%, respectively. The ratio indicates efficient utilization of resources and good returns. The three-year net profit margin was only 1.85%.

As on March 31, 2023, the promoters of the company hold 69.65% of the shares, while FIIs hold 12.45% of the shares. Promoter’s shareholding decreased by 2.72% over FY22.

#3 Best Debt Free Stock Under Rs 50: Oswal Greentech Ltd.

Oswal Greentech, established in 1981, engages in real estate development and construction, and surplus capital investment, including inter-corporate deposits.

Of the total profits generated, 3.5% came from real estate, 76% came from investments and the remainder was undistributed.

According to the company’s financial statements, operating revenue decreased by 15%, down 130 million won. 24.01 crore in FY22 to Rs 20.5 billion in FY23. Net profit reached 140 million won. 37.88 billion, down 17% from Rs. In fiscal year 22, it was $46.05 billion. Revenues and profits declined primarily due to lower sales.

The three-year average RoE and RoCE are 1.82% and 2.76%, respectively. The three-year net profit margin was only 211.52%. NPM is quite high due to other investment returns.

As on March 31, 2023, the promoters of the company hold 64.34% of the shares, while FIIs hold 1.58% of the shares. Promoters’ stake remained constant compared to FY22.

Best Debt Free Stock Under Rs 50 #4: Oswal Agro Mills Ltd.

Established in 1979, Oswal Agro Mills is engaged in the business of trading real estate and raw materials, and also lends surplus funds as inter-corporate deposits.

Of the total revenue in FY23, 52% was contributed by trading activities and 48% by investing activities.

According to the company’s financial statements, operating revenue increased by 153%, up from Rs. 11.02 Cr in FY22 to Rs. 27.95Cr. In FY23. Net profit reached 140 million won. It increased by 25% compared to the previous year to 23.88 billion won. In fiscal year 22, it was $19.09 billion.

The three-year average RoE and RoCE are 0.72% and 1.28%, respectively. The three-year net profit margin was only 25.53%. NPM is quite high due to other investment returns.

As on March 31, 2023, the company’s promoters hold 41.91% of the shares, while FIIs hold 0% of the shares. Promoter’s stake increased by 0.17% over FY22.

#5 Best Debt-Free Stocks Under Rs 50: JMD Ventures Ltd.

Founded in 2000, JMD Ventures Ltd is engaged in the entertainment sector (music industry) and finance and investments. They expanded their scope of activity by organizing local concerts and events, and solidified their presence in the international music industry.

According to the company’s financial statement, operating revenue increased by 140%, up from Rs. 1.74 Cr in FY22 to Rs. 4.19Cr. In FY23. Net profit reached 140 million won. 2.49 billion won. 1685% increase from Rs. 0.14 crore in FY22. Sales fell and profits increased, largely due to a shift in focus to higher-margin products and cost-cutting measures.

The three-year average RoE and RoCE are -0.69% and -0.20%, respectively. The three-year net profit margin was only -7.01%. This ratio is negative, but in the last two fiscal years, this ratio has been positive and has increased significantly.

As on March 31, 2023, the company’s promoters hold 21.21% of the stock and FIIs hold 0% of the stock. Promoters’ stake remained constant compared to FY22.

conclusion

Concluding this article titled “Best Debt Free Stocks Under Rs 50”, we have learned about their business and its basic principles. 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.

Written by Ashish Agarwal

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