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3 Debt-Free Stocks, Given Upto Aggressive 80% Return In Just 1 Yr, Upto 5% Dividend Yield: Invest?

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Investors are always interested in debt-free stocks for better assurance about the stocks. Additionally, the repo rate has been recently been raised by the RBI. So, debts imposed on a company can hamper its corporate profitability, because the company will have to pay more interest on the debt. Hence, checking the debt-free companies to invest in is important for investors now.

 

Ambika Cotton Mills Ltd.

Ambika Cotton Mills Ltd.

The current market price of Ambika Cotton Mills Ltd. closed at Rs. 1,569/share on NSE, surging by 0.44%, on June 30. In the last 5 days, the share price of this company has sharply surged by 8.16% on NSE. But in the last 1 month, its share price has fallen by 14.16%, and in the past 6 months, its stock price has fallen by 21.90%.  However, in the last 1 year, its share price has gained by 33.81%, and in the last 5 years, it has gained by 21.70%. The 52-week high level of this stock is Rs. 2,830, and the 52-week low level of this stock is Rs. 1,157.45.

It is a small-cap stock with a market capitalization of Rs. 897 crore. The company is also paying a dividend yield of 2.23% to its shareholders.

Commenting about the high potential of the stock, simplywall.st in a report stated, "Recognition must be given to the that Ambika Cotton Mills has grown EPS by 42% per year, over the last three years. The music to the ears of Ambika Cotton Mills shareholders is that EBIT margins have grown from 15% to 26% in the last 12 months and revenues are on an upwards trend as well. Ticking those two boxes is a good sign of growth, in our book."

Morganite Crucible (India) Ltd.
 

Morganite Crucible (India) Ltd.

The current market price of Morganite Crucible (India) Ltd. closed at Rs. 1,039.35/share on NSE, surging sharply in the intra day trading by 4.88%, on June 30. In the last 5 days the share price of this company has sharply surged by 8.49% on NSE. In the last 1 month its share price has surged by 8.25%, and in the past 6 months, its stock price has augmented positively by 10.89%.  Showing the same trend, in the last 1 year, its share price has gained by 25.53%, and in the last 5 years, it has gained by 104.14%. The 52-week high level of this stock is Rs. 1,213, and the 52-week low level of this stock is Rs. 801.20. Closely analyzing the consistently good performance of the stock in the market, amid a bearish situation, this stock can be on your watch list.

It is a small-cap stock with a market capitalization of Rs. 582 crore. The company is also paying a dividend yield of 5.20% to its shareholders.

Universus Photo Imagings Ltd.

Universus Photo Imagings Ltd.

The current market price of Universus Photo Imagings Ltd. closed at Rs. 515/share on NSE, falling marginally by 0.50%, on June 30. In the last 5 days, the share price of this company has sharply surged by 3.00% on NSE. But in the last 1 month, its share price has fallen by 4.58%, and in the past 6 months, its stock price has fallen by 23.89%.  However, in the last 1 year, it has gained by 80.70%, and in the last 5 years, it has gained aggressively by 756.91%. The 52-week high level of this stock is Rs. 988, and the 52-week low level of this stock is Rs. 261.50.

It is a small-cap stock with a market capitalization of Rs. 558 crore. One can estimate high long-term profitability of the stock, however, in the very recent period, the stock has fallen marginally, due to a flat equity picture in India.

Universus Photo Imagings Ltd. was incorporated in 2011. In the latest quarter, the company has reported Gross Sales of Rs. 469.6 crore, and a Total Income of Rs. 583.98 crore, according to a report by Nirmal Bang.

Disclaimer

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock related information about the companies.

(Data reported till last traded on June 30, 2022)

Story first published: Friday, July 1, 2022, 5:00 [IST]
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