Top 5 Profitable Stocks under ₹200 to invest in 2024

The stock market serves as a venue for businesses to issue Initial Public Offerings (IPOs) to secure funds for upcoming ventures. Here, investors, ranging from private individuals to large organizations, are key participants by buying shares in these firms. Through their investments in the stock market, investors seek significant profits, taking advantage of the companies’ growth and earnings. This reciprocal connection enables the movement of funds, aids in the growth of businesses, and presents chances for monetary rewards.

Looking for the top 5 stocks that are expected to bring in the most profits, with a price tag of less than ₹200, this guide is here to offer you important information. These stocks could offer significant returns on your investment and help you create a successful and lucrative investment portfolio.

1 ) IRFC ( Indian Railway Finance Corporation Ltd)

Established in 1986, the Indian Railway Finance Corporation (IRFC) obtains money from financial markets to support the purchase and development of assets. These assets are then leased back to Indian Railways through finance lease agreements.

Price : ₹ 172
Services Offered:^[2]
a) Financing the acquisition of rolling stock
assets
b) Leasing of railway infrastructure assets
c) Lending to other entities under the MoR
Market Cap : ₹ 2,25,131 Crores
Stock P/E : 35.1
ROE : 13.6 %
Top Competition :
- Power Inf Corp
- REC Ltd
- IFCI

7) Profit & Loss

YEAR	2022	2023	2024
SALES	20,299	23,892	26,645
Expenses	123	134	133
Net Profit	6,090	6,337	6,412
EPS in Rs	4.66	4.85	4.91

8) Balance Sheet

YEAR	2022	2023	2024
Equity Capital	13,069	13,069	13,069
Total Liabilities	449,980	491,147	485,067
Investments	10	14	54
Total Assets	449,980	491,147	485,067

PROS

CONS

Company has been maintaining a healthy dividend payout of 30.5%

Stock is trading at 4.58 times its book value
Company has low interest coverage ratio.
Tax rate seems low
Company might be capitalizing the interest cost

2) NBCC

Price : ₹ 163
Services Offered:
a) Project Management Consultancy
b) Engineering Procurement & Construction
c) Real Estate Development
Market Cap : ₹ 29,421 Crores
Stock P/E : 55.1
ROE : 25.6%
Top Competition :
- Markolines Pavem

7) Profit & Loss

YEAR	2022	2023	2024
SALES	7,691	8,754	10,433
Expenses	7,483	8,410	9,919
Net Profit	238	278	414
EPS in Rs	1.25	1.48	2.23

8) Balance Sheet

YEAR	2022	2023	2024
Equity Capital	180	180	182
Total Liabilities	13,483	12,913	12,780
Investments	18	21	276
Total Assets	13,483	12,913	12,780

PROS

CONS

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 34.9%

Stock is trading at 13.2 times its book value
The company has delivered a poor sales growth of 0.97% over past five years.

3) Indian Oil Corporation Ltd

Indian Oil Corporation Ltd (IOC) is a top-tier company managed by the Indian government. It has a wide range of activities that cover the whole process of oil and gas, from refining to transporting through pipelines, and selling oil and gas products. The company is also involved in research and development, finding and producing oil and gas, and selling natural gas and petrochemicals. IOCL is a major player in India’s oil refining and selling of petroleum products.

Price : ₹ 169
Market Cap : ₹ 2,38,535 Crores
Stock P/E : 5.72
ROE : 25.8 %
Top Competition :
- B P C L
- H P C L
- M R P L
- Gandhar Oil Ref.

7) Profit & Loss

YEAR	2022	2023	2024
SALES	589,321	841,756	776,352
Expenses	541,563	811,010	700,761
Net Profit	25,727	11,704	43,161
EPS in Rs	17.78	6.93	29.55

8) Balance Sheet

YEAR	2022	2023	2024
Equity Capital	9,181	13,772	13,772
Total Liabilities	145,327	153,342	166,318
Investments	52,352	52,190	65,542
Total Assets	410,882	442,039	482,362

PROS

CONS

Stock is providing a good dividend yield of 7.10%.
Company has delivered good profit growth of 19.3% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 43.0%

No Cons Now

4) Inox Wind Ltd

Inox Wind Limited, part of the Inox Group, focuses on producing Wind Turbine Generators (WTGs) and provides full-scale wind energy solutions. The firm caters to Independent Power Producers (IPPs), power companies, government-owned entities (PSUs), businesses, and individual investors. Being a complete entity in the wind energy sector, Inox Wind Ltd delivers complete, turnkey solutions from start to finish.

Price : ₹141
Market Cap : ₹ 18,419 Crores
Stock P/E : 5.72
ROE : 2.71 %
Top Competition :
- Suzlon Energy
- B H E L
- Hitachi Energy

7) Profit & Loss

YEAR	2022	2023	2024
SALES	625	737	1,743
Expenses	925	998	1,475
Net Profit	-483	-671	-53
EPS in Rs	-5.41	-5.11	-0.31

8) Balance Sheet

YEAR	2022	2023	2024
Equity Capital	222	326	326
Total Liabilities	688	1,410	1,371
Investments	33	01	00
Total Assets	5,965	6,082	1,371

PROS

CONS

Company is expected to give good quarter

Stock is trading at 10.8 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of -28.0% over last 3 years.
Company has high debtors of 238 days.
Promoter holding has decreased over last 3 years: -20.5%

4) BCL Industries Ltd

Launched in 1976, l stands as one of the top agro-processing manufacturing firms in India, known for its wide range of business activities and deep-seated integrations. The firm is deeply engaged in the creation of edible oils, the milling of rice, the production of grain-based distillates, and the development of real estate properties. BCL Industries Limited holds a substantial footprint in the states of Punjab and West Bengal.