3 debt-free multibagger stocks to watch next week
Companies that have no debt on their balance sheets are considered debt-free and investors can keep an eye on their stock prices in a rising interest rate environment, as these companies may have huge upside potential. growth in the future. An investment in a company without debt is not always wise, as investors must also consider company fundamentals, stock performance, shareholding, dividend history, market capitalization and other factors. Here are three debt-free stocks that have produced multiple returns in a year that could be followed in the coming week in today’s turbulent market, for informational purposes only and not as trade recommendations.
National Standard (India) Ltd
The real estate company National Standard (India) Ltd. is a small cap company with a market capitalization of Rs. 10,801.20 crores. The Company operates in the real estate development sector. According to statistics from Value Research, National Standard (India) has zero debt making it virtually debt free.
Over the past year, the stock has gone from ₹1298.70 as of July 26, 2021 at the current level of ₹5,400.00 which records a multibagger return of 315.80% during this period. The stock has unfortunately fallen 42.46% since the start of 2022. The stock has fallen 49.54% in the last six months and 10.95% in the last month.
The stock has fallen 0.05% in the past five trading days and closed Friday at ₹5,400.00 per share, down 0.09% from the previous close. On BSE, the stock had hit a 52-week high of ₹19,000.00 on 11/18/2021 and a minimum of 52 weeks of ₹1,178.00 on 07/22/2021, indicating that at the current level, the stock is trading 71% below the 52-week high and 358% above the 52-week low.
The stock is trading at 118.08 book value per share, which translates to a high PB of 45.73 at the current price of Rs. 5,400. The stock is overvalued compared to competitors KNR Construction, PNC Infratech, HG Infra Engineering and Rail Vikas due to its high PE of 430.97.
Global Education Ltd
Education-focused Global Education Ltd. is a small-cap company with a market capitalization of ₹194.80 crore. It is an educational service provider and professional consultancy organization with its main office in Mumbai and a branch office in Nagpur. More than 36 major institutions and organizations seek support and consulting services from Global Education in the area of business management. According to data from Value Research, Global Education Ltd. is now debt free and has no debt. The share price went from ₹47.75 on July 26, 2021, at ₹196.00 from now, which is a multibagger yield of 310.47%.
The stock went from ₹70.95 on January 3, 2022, at the current level on a YTD basis, representing a multibagger return of 176.25% so far in 2022. The stock has risen from ₹88.15 on January 25, 2022, at the current level of the previous six months, providing a multibagger yield of 122.35%. On Friday, the stock fell 1.93% from its previous close and stabilized at ₹196.00 per share.
The stock has a 52-week high of ₹206.00 and a 52 week low of ₹39.05, placing it 4.85% below its 52-week high and 401% above its 52-week low at the current price level. A company with a strong growth rate TTM EPS, which is now ₹13.07 Cr. Moreover, it is a profitable company with a low PE of 14.64 and a high ROCE of 30.99%, the highest level since March 2020.
Chennai Ferrous Industries Ltd
With a market valuation of ₹81.64 crore, Chennai Ferrous Industries Ltd. is a small cap company that operates in the mining and metals industries. According to statistics from Value Research, Chennai Ferrous Industries is a debt-free company that has also produced multibagger returns in a single year. The stock went from ₹10.11 on July 26, 2021, at ₹224.05 currently, which is a multibagger yield of 2,116.12%, in just 1 year.
The stock went from ₹100 on January 3, 2022, at the current level on a YTD basis, representing a multibagger return of 124.05% so far in 2022. The security has generated a multibagger return of 138.73% over the past six months . On Friday, the stock fell 1.90% from its previous close and stabilized at ₹224.05 per share.
On BSE, the stock had hit a 52-week high of ₹347.45 on 06/16/2022 and a 52 week low of ₹10.11 on 7/26/2021, indicating that at the current price level, the stock is trading 35% below the 52-week high and 2116% above the 52-week low. For the quarter that ended March 2022, the company posted its highest EPS of ₹70.20 Cr, and because it has a low PE of 3.22 compared to rivals like Jindal Steel, Lloyds Metals, Jai Balaji Ind and MSP Steel & Power, it is considered undervalued.
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