Debt Free Penny Shares Underneath Rs 50 to Put money into 2023

debt free penny shares underneath Rs 50: Traders are at all times looking out for penny shares within the hope of multi-bagger good points. Nonetheless, as a lot because the potential upside, a sensible investor additionally protects her draw back. One method to defend the draw back is to go for debt-free shares which won’t go bust if earnings evaporate for just a few quarters.

On this article, we current you such high debt free penny shares underneath Rs 50.

Debt Free Penny Shares Underneath Rs 50

On this article, we’ll learn concerning the enterprise mannequin, earnings, and varied different metrics. So with out additional ado, allow us to leap to the highest debt-free penny shares underneath Rs 50.

Debt Free Penny Shares Underneath Rs 50 #1 – Pasupati Acrylon

Pasupati Acrylon traces its origins to 1990 when the promoters established an acrylic fibre manufacturing plant in technical collaboration with SNIA BPD Italy. Over time, the textile debt-free inventory has expanded utilizing superior expertise, automation, computerized course of management techniques and captive energy to succeed in an annual manufacturing capability of 45,000 MT. 

Its broad vary of merchandise finds finish functions in sweaters, shawls, attire, blankets, carpets and fabric.

Moreover, as a part of its diversification efforts, it has additionally arrange CPP Movies manufacturing facility with an put in capability of 10,000 MT every year.

The online revenue of Pasupati Acrylon has grown at a CAGR of 10.44% over the previous 5 years from Rs. 28 crores in FY18 to Rs. 46 crores in FY22. It has nil debt and presently trades at a price-to-earnings ratio of 9.80 and a price-to-book worth of 1.02. 

Debt Free Penny Shares Underneath Rs 50 #2 – Rajoo Engineers

Rajoo Engineers is a small-cap producer of extrusion machines. It sells varied forms of machines with completely different finish functions that may produce versatile packaging, pipe vegetation, N95 masks, lab gear, cross-lamination movies, thermoforming, and extra.

Mr C.N. Doshi began the corporate in a small village in Gujarat. During the last 36 years, it has acquired a management place in Asia among the many similar gear producers. 

Rajoo has a global presence with exports accounting for greater than 50% of its gross sales. It has equipped machines to over 60 international locations worldwide, with 60% of the income originating from repeat prospects.

Barring FY20, its web revenue has constantly elevated over the previous 4 years from Rs 8 crore in FY19 to Rs 16 crore in FY22. In the meantime, its income stood at Rs 190 crore within the latest monetary yr.

The enterprise boasts of excessive return ratios with RoCE and RoE at 22.8% and 17.0% respectively. It’s a debt-free penny inventory and presently trades at a price-to-earnings ratio of 13.40.

Debt Free Penny Shares Underneath Rs 50 #3 – Manaksia Steels

Manaksia Steels is a small-cap metal manufacturing firm producing chilly rolled coils, scorching dipped galvanized metal, and prepainted profile sheets. It was based in 1972 and is the flagship enterprise of the Manaksia Group.

Manaksia is a multi-location firm with manufacturing capabilities in India and Nigeria. Its operations are backwardly built-in for the galvanizing plant. Its current month-to-month manufacturing capability stands at 8,000 MT for chilly rolled coils and 5000 MT for colour-coated metal merchandise.

The metal producer reported a web revenue of Rs 35 crore on gross sales of Rs 611 crore in FY22. Its income expanded by 21.23% and web revenue grew by 29.63% from Rs 504 crore and Rs 27 crore in FY21 respectively.

It’s a debt-free inventory with a negligible debt-to-equity ratio of 0.15 just for a producing enterprise. Presently, Manaksia Steels trades at a beautiful price-to-book worth of 0.88. Moreover, it has a excessive promoter holding of 74.8%. 

Debt Free Penny Shares Underneath Rs 50 #4 – GP Petroleums

Established in 1973, GP Petroleums is a debt-free penny inventory engaged within the manufacturing of lubricants and greases. The small-cap firm produces automotive lubricants, industrial lubricants, engine oils and rubber processing oils.

It has an put in manufacturing capability of 80,000 KL and a storage facility of 15,000 KL.

Its in-house IPOL model is well-known in India and overseas likewise. It has entered into an settlement with MAG LUBE, a longtime lubricant producer within the Center East to supply and market IPOL lubricants internationally.

Moreover, the debt-free penny inventory has an unique settlement with Spanish oil big, Repsol for the processing, distribution, gross sales & advertising and marketing of its product in India. 

GP Petroleums has been in step with its web revenue which didn’t decline within the pandemic-affected FY20 and FY21 both. Total, its web revenue has elevated from Rs. 16 crore in FY18 to Rs 19 crore in FY22. Throughout the identical interval, its income grew to Rs. 718 crores from Rs. 519 crores earlier.

Debt Free Penny Shares Underneath Rs 50 #5 – Airan

Airan was based approach again within the Nineteen Nineties when Sandeep Agrawal, the founding father of the corporate began pc teaching lessons. Figuring out an enormous alternative forward, the corporate forayed into processing IPO functions for public sector banks in 1995.

Over the previous three many years, Airan diversified into offering a large number of monetary providers: MICR clearing, money administration, and IT & IT-enabled providers. As of the current date, it has a powerful foothold in info expertise (IT) and Info Know-how enabled providers (ITES). 

Airan gives banking transaction processing providers and doc administration providers for web providers suppliers, cost banks, telecommunication corporations, and extra such enterprises.

The revenue of this debt-free penny inventory has grown at a CAGR of 14.47% yearly from Rs 58 crore in FY20 to Rs 87 crore in FY22. It earned a web revenue of Rs 10 crore in FY22.

It has a excessive promoter shareholding of 72.4% and presently trades at a barely excessive P/E  ratio of 20.90 and a price-to-book worth ratio of 1.96.

Record of Debt Free Penny Shares Underneath Rs 50

We learn concerning the 5 high debt-free penny shares intimately above. The checklist under highlights extra such penny shares.

Firm NameIndustryCMP (Rs)Market Cap (Rs Cr)

PTL EnterprisesLeasing32.2427

Pasupati AcrylonTextile33.2297

Manaksia SteelsSteel33.8221

GP PetroleumsLubricants42.8218

AiranITeS16.4206

Rajoo EngineersIndustrial Goods29.4181

LKP SecuritiesFinancial Services13.8104

BCPL Railway InfrastructureInfrastructure47.680

Upsurge Funding & FinanceFinancial Services45.369

Krishanveer ForgeForging48.053

In Conclusion

On this article, we checked out a few of the debt-free penny shares underneath Rs 50 in India. However, low or nil debt shouldn’t be the one standards for placing cash into penny shares. As a rule of thumb, the smaller the scale of the corporate, the extra paranoid ought to the investor be together with her guidelines. Along with this, return ratios, quarterly gross sales development, and working margins are another essential filers.

In your opinion, what parameters ought to make a very good guidelines for investing in penny shares? How about you tell us within the feedback under?

Now you can get the most recent updates within the inventory market on Commerce Brains Information and you can even use our Commerce Brains Inventory Screener to seek out the perfect shares.

Vikalp Mishra is a commerce graduate from the College of Delhi. He likes to write down on finance, cash and enterprise. He’s a voracious reader with a real curiosity in investing. Drop him a mail at [email protected].