6 Debt Free Stocks, With More Than 35% Profits In 3 Years

A debt free company with a consistent growth shows persistence of a company's performance over the years. There are 6 stocks of companies that we have identified are debt free and given profits more than 35%, using the screener. The companies are TD Power Systems Limited, Jyoti Resins & Adhesives Ltd, Bhansali Engineering Polymers Ltd, Vakrangee Limited, National Standard (INDIA) Ltd, and The New India Assurance Company Ltd. Given below are the details of each.

TD Power Systems Limited

TD Power Systems Limited is a small cap company incorporated in the year 1999. The company is one of the leading manufacturers of AC Generators in the world with products in the output range of 1 MW to 200 MW for prime movers, such as steam turbines, gas turbines, hydro turbines, diesel engines, gas and wind turbines. In last three years this small cap debt free company has delivered a healthy growth profit of 171.50%. Its current market capitalisation is Rs 2,470.15 crore. Its stock price ended at Rs 158.30 per share, which was up by 0.80% over previous days closing. The 52-week high is at Rs 174.90 per share and 52-week low is at Rs 66.55 per share. In last three years the stock price has skyrocketed by 833.37% and in last one year it has surged by 129.59%.

Jyoti Resins & Adhesives Ltd

Jyoti Resins & Adhesives Limited has launched a popular adhesive brand Euro 7000 in 2006. It is a small cap company incorporated in 1993 that manufactures synthetic resin adhesives for customers in India. The market capitalisation of the company is Rs 1,524.96 crore, it is debt free and over last three years the profit its is 102.91%. The latest trading price of the stock is Rs 1270.80 per share, which grew by 1.82% over previous day's closing. In last one year the stock price has rallied by 73.28% and in three years it has massively grown by 3218.02%. Its 52-week high is a Rs 1,818.45 per share and 52-week low is at Rs 622.71 per share.

Bhansali Engineering Polymers Ltd

Bhansali Engineering Polymers Ltd is a small cap company incorporated in 1984 as a manufacturer of international quality chemical Acrylonitrile Butadiene Styrene (ABS) and Styrenics Resins. The company has a market capitalisation of Rs 1,623.39 crore, with debt free balance sheet and last three years profit of 96.08%. In last one year the stock price has fallen by 26.51% and in three years it has surged by 191.65% to Rs 97.85 per share. Its 52-week high is at Rs 144.65 per share and 52-week low at Rs 87.17 per share.

Vakrangee Limited

Vakrangee Limited is a mid cap company that provides banking, insurance, e-governance, e-commerce, and logistics services. It is technology company founded in 1990 having headquarters in Mumbai, it has delivered profits of 65.70% in last three years. At present it has a market capitalisation of Rs 1,696.28 crore and has zero debt. The mid cap company's latest stock price is Rs 16.01 per share, which was up by 6.95%, on intraday basis. The stock price has fallen steeply by 57.53% in last one year and in over three years it has fallen by 18.73%.

National Standard (INDIA) Ltd

National Standard India Limited, is a small cap company incorporated in 1962 as National-Standard Duncan Ltd in Calcutta. It was a joint venture between National-Standard Co., USA and the erstwhile Duncan Brothers & Co. Ltd., India. It was later changed to National Standard Duncan Limited to National Standard, and now is a part of Lodha group, engaged in business of Real Estate Development. This small cap debt free company has managed to deliver high profit of 58.04% in three years and its current market capitalisation of Rs 8,680.80 crore. The stock price closed at Rs 4340.40 per share, it was up by 2.99% over previous day's closing. In last one year the share price has plunged by 35.77% and in three years it has skyrocketed immensely by 8668.48%.

The New India Assurance Company Ltd

The New India Assurance Company Ltd is a large cap company which is the largest Indian public sector general insurance company based in Mumbai. It was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973. This large cap company is debt free, has a market capitalisation of Rs 15,985.60 crore and has posted profit of 35.15% in last three years. The current market price of the stock is Rs 97 per share, it was down by 0.87% on intraday basis. In last one year, the share price has fallen by 13.08% and 13.55% in last three years.

Disclaimer

Please note, that the above mentioned stocks information about profit and debt should be as treated informational and not an advisory to invest. These should not be construed as recommendations to either hold, buy or sell in these stocks listed above. The article is just information and we have not done a detailed fundamental analysis. Therefore, caution is exercised and neither the author, nor Greynium Information Technologies should be held responsible for losses based on a decision from the article.