Companies that have no debt on their balance sheets are considered debt-free, and investors can keep an eye on their stock prices in the context of rising interest rates, as these companies may have huge future growth potential. Investing in a debt-free company may not always be wise because investors also need to consider a company’s fundamentals, stock performance, shareholding patterns, dividend history, market cap, and other factors. Here are three debt-free stocks that have delivered multibagger returns over the course of one year and in the coming week in the current turbulent market that can be tracked for informational purposes only and not as trading recommendations.
National Standard (India) Limited
Real estate firm National Standard (India) Limited is a small cap company with a market cap of Rs. 10,801.20 crores. The company works in the real estate development industry. According to data from Value Research, National Standard (India) has no debt, making it almost debt-free.
In the past 1 year, the stock has increased from 1298.70 up to current level as on 26 July 2021 5,400.00 which logs a multibagger return of 315.80% over that period. Unfortunately the stock has dropped 42.46 percent YTD so far in 2022. The stock has lost 49.54 per cent in the last six months and 10.95 per cent in comparison to the previous month.
The stock has lost 0.05 per cent in the last five trading days and closed on Friday at 5,400.00 per share, down 0.09 percent from the previous close. On BSE, the stock had touched a 52-week high 52-week low of 19,000.00 on 18/11/2021 1,178.00 as on 22/07/2021 which indicates that the stock is trading 71% below 52-week high and 358% above 52-week low at current level.
The stock is trading at 118.08 book value per share, which translates to a high PB of 45.73 at the current price. 5,400. The stock is overvalued as compared to competitors KNR Construction, PNC Infratech, HG Infra Engineering and Rail Vikas due to higher PE of 430.97.
Global Education Limited
Focused on Education Sector Global Education Limited is a Small Cap company with a market cap of 194.80 crores. It is a supplier of educational services and a professional consulting organization with its primary office in Mumbai and a branch in Nagpur. Over 36+ important institutions and organizations seek support and consultancy services from a global education in the field of business management. According to data from Value Research, Global Education Limited is now debt free and has no debt. share price climbed 47.75 on July 26, 2021 196.00 so far, represents a multibagger return of 310.47 per cent.
out of stock 70.95 as on January 3, 2022, at the current level on YTD basis, represents a multibagger return of 176.25 per cent so far in 2022. roses from stock 88.15 as on January 25, 2022, at the current level in the last six months, provides a multibagger return of 122.35 per cent. On Friday, the stock fell 1.93 per cent from its previous close and closed at 196.00 per share.
The stock has a 52-week high 52-week low of 206.00 and 39.05, it is down 4.85 percent from its 52-week high and up 401 percent from its 52-week low at the current price level. A company with a strong TTM EPS growth rate, which now stands at 13.07. Additionally, it is a profitable company with a low PE of 14.64 and a high ROCE of 30.99 per cent, the highest level since March 2020.
Chennai Ferrous Industries Limited
with market valuation of 81.64 Crore, Chennai Ferrous Industries Limited is a small cap company dealing in mining and metallurgical industries. According to data from Value Research, Chennai Ferrous Industries is a debt-free company that has given multibagger returns in a year. stock increased from 10.11 on July 26, 2021, to 224.05 currently, represents a multibagger return of 2,116.12 per cent in just 1 year.
out of stock 100 as on January 3, 2022, at the current level on YTD basis, represents a multibagger return of 124.05 per cent in 2022 so far. The stock has generated multibagger returns of 138.73 per cent during the last six months. On Friday, the stock fell 1.90 percent from its previous closing price and closed at 224.05 per share.
On BSE, the stock had touched a 52-week high 347.45 on 16/06/2022 and of 52-week0-low 10.11 on 26/07/2021 which indicates that at the current price level, the stock is trading 35% below the 52-week high and 2116% above the 52-week low. For the quarter ended March 2022, the company posted its highest-ever EPS of 70.20, and because it has a PE of 3.22 compared to rivals such as Jindal Steel, Lloyds Metals, Jai Balaji Ind, and MSP Steel & Power, it is considered to be a top-end EPS. underestimated.
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