Penny Shares Underneath Rs 15: Traders within the inventory market are all the time looking out for multi-bagger penny shares that may make them wealthy rapidly. A fast search on Commerce Brains Portal’s inventory screener fetches some 950 penny shares below Rs 15 with a most market cap of Rs 1500 crore. Amongst such a big pool, how will we go about choosing prime penny shares below Rs 15? On this article, we will try to reply that precisely.
Penny Shares Underneath Rs 15
On this article, now we have put collectively the highest penny shares below Rs 15 which risk-taking traders can add to their watchlists. Within the firm description, we discuss concerning the enterprise and key metrics which make these penny shares enticing.
Earlier than we soar to the listing, a brief part is dedicated to understanding the analysis methodology.
Analysis Methodology
The listing covers shares buying and selling between Rs 5 and Rs 15 solely. We’ve stored the higher vary of market capitalization at Rs 1,500 crore. Moreover, the debt to fairness higher restrict was set as 1 to keep away from heavy debt penny shares.
Together with this, a filter was set for each return ratios (RoCE and RoE) being greater than 1.
Having acquainted ourselves with the filters used, allow us to now transfer forward to know the highest shares below Rs 15 talked about on this article.
Metal Change India Ltd. or SEIL is an built-in metal maker that produces sponge iron (220.000 TPA), billet & ingots (340,000 TPA), TMT rebars (225,000 TPA) and captive energy (71.64 MW).
Integrated in 1999, SEIL is a Vizag Profiles Group enterprise. The group is engaged primarily within the real-estate sector and develops residential properties.
The metal arm was arrange in 1999 as a part of the diversification efforts of the enterprise group which used to commerce metal and allied merchandise beforehand. As of in the present day, it operates two metal vegetation and has a powerful model worth for its ‘Simhadri TMT’ bars.
During the last three years, the small-cap metal producer has scaled its revenues from Rs. 781 crores in 2020 to Rs. 1,099 crores within the 12 months 2022. The metal inventory presently trades at a P/E of 8.43 giving the small-cap firm a market worth of Rs 1,123.
Based in 1995, Syncom Formulations is a pharmaceutical firm based mostly out of Mumbai, Maharashtra. It has a state-of-the-art manufacturing plant in Pithampur, Madhya Pradesh. The small-cap pharma firm exports its formulations to greater than 15 nations. It has a powerful workforce of roughly 300 staff.
Syncom produces and sells formulations in numerous dosage varieties: tablets, capsules, liquid orals, vials & ampoule injections & dry vial injections, dry syrups, ointments, inhalers, and herbals.
Promoters appear to be bullish on the corporate as they’ve elevated their stake from 38.98% in September 2019 to greater than 50.57% as of September 2022.
Its gross sales have grown constantly since 2018. Nevertheless, it registered a de-growth of 11.84% to Rs 216 crores in FY 2021-22 in gross sales from Rs 245 in FY 2020-21.
It has a low debt-to-equity ratio of 0.40. The inventory trades at a P/E ratio of 45.4 giving the small-cap firm a market cap of Rs 737 crore.
Surana Telecom and Energy Ltd. was established in 1989 as a producer of petro merchandise and telecom merchandise. Over time the corporate slowly diversified into different sectors.
As of the current date, the corporate is engaged within the manufacturing of jelly-filled cables, optic fiber cables, and photo voltaic photovoltaic modules. It has additionally arrange a three way partnership with Suzlon for wind power manufacturing of 1.25MW capability.
Surana can be concerned within the manufacturing of aluminum rods, jointing kits, and international-quality CDMA cellular handsets.
The manufacturing firm’s inventory presently trades at a PE of 11.7 giving it a small-cap market valuation of Rs 147 crore. It has a excessive promoter holding of 74.8% and a 0 debt-to-equity ratio of 0.06.
Aakash Exploration Providers has been within the enterprise of offering numerous oil and gasoline discipline providers for the final 25 years. The corporate is headquartered in Ahmedabad, Gujarat, and employs greater than 900 folks.
The corporate has two ISO certifications and one OHSAS certification in its title giving it a model picture and company id. Its listing of famend shoppers contains ONGC, GSPCL, Cairn, Essar, and extra.
The promoter holding, although excessive at 66.77% has been diminished by 6.56% from 73.77% in June 2021. Excluding the monetary 12 months 2021, the revenues of AES have grown from Rs. 67 crores in FY20 to Rs. 77 crores in FY22.
One other advantage of the corporate is that it has diminished its debt over time and consequently its curiosity protection ratio has gone up.
Integrated in 1992, Scanpoint Geomatics Ltd. (SGL) offers pc programming, consultancy, and associated actions together with GIS providers, GIS software program & options, and different merchandise within the area of Geomacs to a number of enterprise areas.
Its vary of options finds utilization throughout good cities, protection, land information administration, city data system, agriculture, and monitoring.
The corporate has indigenously developed a broad vary of merchandise: GIS & IP Desktop, GIS & IP Enterprise Suite, Photogrammetry Suite, and IGiS CAD within the Geomacs area.
SGL’s gross sales stood at Rs 33 crore in FY22, down from Rs 43 crore and Rs 53 crore in FY21 and FY20 respectively. Nevertheless, its internet revenue has remained on the similar degree of Rs 2 crore on the again of upper working margins.
High Penny Shares Underneath Rs 15
Offered under is a listing of prime penny shares below Rs 15.
Firm NameIndustryCMP (Rs)Market Cap (Rs Cr)
Metal Change IndiaSteel12.61,114
Mishtann FoodsFMCG101,000
Syncom Formulations (India)Pharmaceuticals7.83736
Ducon InfratechnologiesSoftware11.0285
Ruchi InfrastructureDiversified11.2229
Surana Telecom and PowerDiversified10.9148
Debock IndustriesDiversified13.4102
Aakash Exploration ServicesOil & Gas8.3585
Century ExtrusionsAluminium10.282
Scanpoint GeomaticsSoftware11.781
In Conclusion
Investing in penny shares is very speculative in nature. They’re dangerous as a result of they lack liquidity. The quantity of knowledge accessible on them is low, bringing the high-risk factor. Their bid and ask spreads are normally giant which brings a number of volatility of their costs. Many penny shares are liable to pump-and-dump methods.
Nevertheless, if eyed proper, some penny shares certainly have the potential to generate multi-bagger returns. As an investor, do you assume penny shares can take your portfolio to the skies? How about we proceed this dialog within the feedback under?
Now you can get the newest updates within the inventory market on Commerce Brains Information and you may as well use our Commerce Brains Inventory Screener to search out the most effective shares.
Vikalp Mishra is a commerce graduate from the College of Delhi. He likes to put in writing on finance, cash and enterprise. He’s a voracious reader with a real curiosity in investing. Drop him a mail at [email protected].
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