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

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.

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.

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.

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

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)