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 |
Stock Market Training
Embark on a journey of professional growth with PR ENTERPRISES' Training Program. Gain invaluable hands-on experience working alongside industry-skilled professionals. Our program offers a unique opportunity to delve into real-time experience, honing your skills in a dynamic environment.
2) NBCC
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 : ₹ 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 |
SEO Training
Embark on a journey of professional growth with PR ENTERPRISES' Training Program. Gain invaluable hands-on experience working alongside industry-skilled professionals. Our program offers a unique opportunity to delve into real-time experience, honing your skills in a dynamic environment.
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 |
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 |
Digital Marketing Training
Embark on a journey of professional growth with PR ENTERPRISES' Training Program. Gain invaluable hands-on experience working alongside industry-skilled professionals. Our program offers a unique opportunity to delve into real-time projects, honing your skills in a dynamic environment.
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.
- Price : ₹55.8
- Market Cap : ₹ 1,518 Crores
- Stock P/E : 16.8
- ROE : 16.7 %
- Top Competition :
- Patanjali Foods
- Adani Wilmar
- Gujrat Ambuja Exp
7) Profit & Loss
YEAR | 2022 | 2023 | 2024 |
|---|---|---|---|
SALES | 1,988 | 1,818 | 2,129 |
Expenses | 1,850 | 1,695 | 1,938 |
Net Profit | 85 | 64 | 96 |
EPS in Rs | 3.51 | 2.74 | 3.32 |
8) Balance Sheet
YEAR | 2022 | 2023 | 2024 |
|---|---|---|---|
Equity Capital | 24 | 24 | 27 |
Total Liabilities | 758 | 1,096 | 1,301 |
Investments | 05 | 07 | 10 |
Total Assets | 758 | 1,096 | 1,301 |
