Best profitable stocks for long term investment under ₹500
When thinking about investments that last for a while, best profitable stocks for long term investment under ₹500 offer chances for big profits in the future. Finding stocks that work well in this price range can really boost your investment collection. It’s crucial to do deep research and study to find stocks that show good chances for growth and solid foundations. By choosing stocks that match your investment aims and how much risk you’re willing to take, you can set yourself up to take advantage of market chances and earn significant profits over time.
Putting money into stocks for long term investment is often seen as the best way to secure significant and steady profits in the stock market. Experienced investors, such as well-known traders, highlight the benefits of dedicating time to investments that span decades, like 10 or 15 years or more. This method reduces the natural dangers linked to the stock market’s ups and downs, increasing the chance of keeping and expanding wealth over the years. By concentrating on investments with long-term goals, people can take advantage of the power of exponential growth and navigate through short-term market movements, leading to a more stable and potentially profitable investment journey.
5)ONGC(Oil & Natural Gas Corpn Ltd )
ONGC (Oil and Natural Gas Corporation Limited) stands as the leading company in India and choosing it as primary option for stocks for long term investment will be a wise choice, producing crude oil and natural gas, accounting for about 71% of the nation’s in-country output.
Established in 1956 by the Government of India for oil exploration, ONGC (Oil and Natural Gas Corporation Limited) boasts over six decades of experience in the field. During its tenure, ONGC has successfully discovered oil and gas reserves in eight out of nine producing basins in India.
Stock Details
- Market Cap : ₹ 3,44,951 Cr
- Current Price :₹ 274
- Stock P/E : 6.86
- ROCE : 18.4 %
- Net Profit (2024) : 57,101CR
- EPS (2024) : ₹39.13
- Total Liabilities::Assets (2024) : 710,193
- PROS :
- Stock is trading at 1.02 times its book value
- Stock is providing a good dividend yield of 4.10%.
- Company has been maintaining a healthy dividend payout of 33.4%
- CONS : No Detail Available Now !
Top Peer
- Oil India
- Hind Oil Explore.
- Deep Industries
- Asian Energy
4) BHEL (Bharat Heavy Electricals Ltd)
Bharat Heavy Electricals Ltd (BHEL) stands as a leading comprehensive producer of power plant machinery, focusing on the creation, engineering, production, installation, testing, activation, and maintenance of a wide range of products and services crucial to major economic areas.
These areas encompass Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas, and Defence. As the principal engineering and production company in India, BHEL is managed and controlled by the Indian Government.
Stock Details
- Market Cap : ₹ 1,04,758 Cr
- Current Price :₹ 30j1
- Stock P/E : 3.71
- ROCE : 2.97 %
- Net Profit (2024) : 282CR
- EPS (2024) : ₹0.81
- Total Liabilities::Assets (2024) : 59,006
- PROS :
- Company has been maintaining a healthy dividend payout of 30.4%
- CONS :
- Stock is trading at 4.29 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.73% over past five years.
- Tax rate seems low
- Company has a low return on equity of 1.49% over last 3 years.
- Earnings include an other income of Rs.610 Cr.
- Debtor days have increased from 58.0 to 73.1 days.
- Working capital days have increased from 121 days to 182 days
Top Peer
- Siemens
- CG Power & Ind
- Suzlon Energy
- Hitachi Energy
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3) BEL (Bharat Electronics Ltd)
Established in 1954, Bharat Electronics Ltd (BEL) stands out as a reputable producer and provider of electronic devices and systems, with a focus on serving the defence industry. The company also has a modest role in the civilian sector. BEL is known for its proficiency in delivering essential electronic solutions and is acknowledged as a significant player in enhancing India’s defence readiness.
Stock Details
- Market Cap : ₹ 2,23,606 Cr
- Current Price :₹ 306
- Stock P/E : 56.1
- ROCE : 34.8 %
- Net Profit (2024) : 3,985CR
- EPS (2024) : ₹5.45
- Total Liabilities::Assets (2024) : 39,527
- PROS :
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 47.7%
- CONS :
- Stock is trading at 13.7 times its book value
- The company has delivered a poor sales growth of 10.8% over past five years.
Top Peer
- Data Pattern
- DCX Systems
- Apollo Micro Sys
- Hindustan Aeronautics Ltd
2) Jio Financial Services Ltd
Jio Financial Services Limited (JFSL), initially established in July 1999 as Reliance Strategic Investments Private Limited, falls under the Companies Act 1956. Acting as a conglomerate, JFSL directs its financial services through its subsidiaries aimed at consumers: Jio Finance Limited (JFL), Jio Insurance Broking Limited (JIBL), and Jio Payment Solutions Limited (JPSL). Moreover, it is involved in a partnership, Jio Payments Bank Limited (JPBL). JFSL strategically aims to offer a wide range of financial services designed to cater to the varied needs of consumers.
Stock Details
- Market Cap : ₹ 2,27,543 Cr
- Current Price :₹ 358
- Stock P/E : 142
- ROCE : 1.55 %
- Net Profit (2024) : 1,605CR
- EPS (2024) : ₹2.53
- Total Liabilities::Assets (2024) : 144,863
- PROS :
- Company has reduced debt.
- Company is almost debt free.
- CONS :
- Though the company is reporting repeated profits, it is not paying out dividend
Top Peer
- Bajaj Finance
- Bajaj Finserv
- HDFC AMC
- Cholaman Investment .& Finance
- Shriram Finance
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1) Ashok Leyland Ltd
Ashok Leyland is among the top list of stocks for long term investment as it is the leading entity within the Hinduja Group, holds a significant spot in the local medium and heavy commercial vehicle (M&HCV) sector. It is celebrated for its strong brand and wide-reaching distribution and service network throughout the country. Ashok Leyland is acknowledged as one of the most complete manufacturing companies in its field.
Based in Chennai, the company runs driver training centers across India, having successfully educated more than 80,000 drivers since it started. This effort highlights Ashok Leyland’s dedication to improving road safety and professional quality in the commercial vehicle industry, thereby making a substantial impact on the country’s transportation infrastructure.
Stock Details
- Market Cap : ₹ 71,029 Cr
- Current Price :₹ 242
- Stock P/E : 28.0
- ROCE : 15.2 %
- Net Profit (2024) : 2,696CR
- EPS (2024) : ₹8.46
- Total Liabilities::Assets (2024) : 67,660
- PROS : Not Much Details Available
- CONS :
- Stock is trading at 7.89 times its book value
Top Peer
- Tata Motors
- Tata Motors-DVR
- Olectra Greentec
- Force Motors
