Top 10 Stocks Under ₹10

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Those who are just starting in the financial game or want to diversify their holdings without putting a ton of money down may find investing in inexpensive stocks appealing. Due to their significant return potential, stocks priced under ₹ 10 typically get attention but also carry inherent dangers. Explore the top cheap stocks today, find out how they may perform, and learn about the pros and drawbacks of investing in them in this blog.

1 List of Top 10 Stocks Under ₹10
2 Stock Analysis
3 Benefits of Investing in Stocks Under ₹10 in India
4 Factors to Consider When Investing in Low Price Shares
5 Conclusion
6 FAQs

List of Top 10 Stocks Under ₹10

Investors are taking notice of a handful of companies priced below ₹ 10 right now because of their promising future development and strategic placement in the market. If you are looking for some exciting companies to invest in, here are 10 to consider:

Brightcom Group: Despite its high volatility and current price of ₹9.95, Brightcom Group is still well-liked by investors because of its cheap P/E ratio of 2.29. As a result, it is an exciting alternative for risk takers and may be undervalued.

GVK Power Infra: At a current price of ₹6.34, GVK Power Infra suggests that it could be overpriced due to its high P/E ratio of 992. Nevertheless, its position in the energy industry may offer future development potential.
Sarveshwar Foods: Sarveshwar Foods is a food processing company with a steady business plan that should provide consistent results. It is priced at ₹9.36 and has a reasonable P/E ratio of 18.25.
Nandan Denim: Currently, Nandan Denim is worth ₹6.09, and its price to earnings ratio is 18.25. Nandan Denim is well positioned for future expansion because of its significant market presence in the denim sector.

Vikas Lifecare: Despite valuation problems, the company works in a specialized sector that might provide considerable long term gains, as seen by its current price of ₹4.78 and high P/E ratio of 224.
Sakuma Exports: Sakuma Exports is an export company that should benefit from worldwide market trends. It trades at ₹5.09 with a P/E ratio of 19.41.
Filatex Fashions: Investors face increased risks with Filatex Fashions due to its financial health, but the company offers a very inexpensive starting point at ₹0.85 per share with a P/E ratio of 72.38.

Davangere Sugar: With a price to earnings ratio of 53.09 and a market capitalization of ₹6.82, Davangere Sugar is a player in the sugar business that might see growth opportunities depending on market demand.
FCS Software: FCS Software stock indicates speculative interest and possible hazards, as it is now priced at ₹3.60 and has a high P/E ratio of 77.79.
Remedium Life: The healthcare company Remedium Life, which is now trading at ₹8.65 and has a P/E ratio of 15.01, stands to gain from the growing demand for goods and services connected to health.

Stock Analysis

1. Brightcom Group

Current Price: ₹9.95
Market Cap: ₹2,007.83 Cr
P/E Ratio: 2.29

Digital advertising giant Brightcom Group has been growing via smart acquisitions and technology. Its low P/E ratio means it may be inexpensive relative to rivals, making it appealing to growth investors.

Is the Stock Good to Buy? Yes, especially for those looking for undervalued assets with growth prospects.

Share Price Target: Analysts suggest a target of around ₹12 ₹15 in the next 12 months, depending on market conditions and company performance.

Expert Forecast: Brightcom could see substantial price appreciation if it continues to innovate and capture more market share in digital advertising.

Quarterly Price

Financial Year	Close Price	% Return	Q1	Q2	Q3	Q4
FY-2012	47.4	–	–	32.9 %	89.0 %	-24.6 %
FY-2013	12.8	-72.9 %	-100.0 %	–	-13.5 %	-60.0 %
FY-2014	7.3	-43.2 %	-69.9 %	-60.2 %	138.9 %	98.0 %
FY-2015	13.8	88.6 %	31.7 %	224.5 %	-32.0 %	-35.0 %
FY-2016	9.0	-34.2 %	15.2 %	-16.7 %	10.2 %	-37.8 %
FY-2017	3.7	-59.1 %	-18.8 %	-47.3 %	0.7 %	-5.2 %
FY-2018	2.2	-39.8 %	-3.6 %	-18.7 %	-7.1 %	-17.3 %
FY-2019	1.5	-32.3 %	-10.3 %	-24.5 %	-14.6 %	17.2 %
FY-2020	1.5	-1.3 %	37.3 %	-24.6 %	106.2 %	-53.7 %
FY-2021	4.0	166.5 %	188.1 %	-38.3 %	55.2 %	-3.4 %
FY-2022	97.4	2356.6 %	175.3 %	221.6 %	206.1 %	-9.3 %
FY-2023	14.6	-85.0 %	-67.5 %	6.6 %	-12.9 %	-50.2 %
FY-2024	13.8	-5.9 %	115.2 %	-39.9 %	2.1 %	-28.7 %
FY-2025	9.0	-34.7 %	-100.0 %	–	-9.6 %	–

Peer Comparison

#	Company	CMP	M Cap	52W High	52W Low	PE	PB	ROCE Last Yr	ROE Last Yr	PAT TTM	Div Yield
1	Tata Consultancy Services Ltd.	4112.0	1487758	4585.9	3313.0	31.4	16.5	69.5	51.0	47659	1.9
2	Infosys Ltd.	1953.4	811101	1976.9	1352.0	30.4	9.3	44.6	32.5	26677	3.1
3	HCL Technologies Ltd.	1858.0	504185	1864.0	1215.7	30.0	7.5	31.1	23.7	16842	3.4
4	Wipro Ltd.	535.5	280144	580.0	375.0	25.0	3.8	17.6	14.7	11291	0.2
5	LTIMindtree Ltd.	6452.8	191122	6575.0	4518.4	41.8	9.7	34.1	25.6	4567	1.3
6	Tech Mahindra Ltd.	1668.8	163267	1697.2	1089.0	58.5	5.6	12.0	8.9	2553	3.2
7	Oracle Financial Services Software Ltd.	11791.8	102287	12619.0	3870.0	43.8	13.2	39.8	29.5	2335	2.7
8	Persistent Systems Ltd.	5609.2	86410	5635.0	2814.4	73.7	18.3	31.3	25.9	1171	0.7
9	Mindtree Ltd.	3433.4	56613	0.0	0.0	29.9	10.4	46.2	33.9	1891	0.9
10	L&T Technology Services Ltd.	5257.9	55648	5990.0	4107.2	42.6	10.7	38.0	27.3	1308	0.9

Brightcom Group Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1104	2021	1240	1481	1683	2865	1368	1690	1814	453
Other Income	0	-0	-1	-3	0	0	1	0	0	0
Total Income	1104	2021	1239	1477	1683	2865	1369	1690	1814	453
Total Expenditure	754	1452	857	1025	1176	2051	977	1172	1264	413
Operating Profit	349	569	382	453	507	814	392	518	550	40
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	60	63	66	66	62	68	69	72	67	71
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	290	506	317	387	445	746	323	446	483	-30
Provision for Tax	77	134	93	109	124	202	93	124	131	-6
Profit After Tax	212	371	223	277	321	544	229	321	352	-24
Adjustments	0	-0	0	0	0	0	0	-0	0	0
Profit After Adjustments	212	371	223	277	321	544	229	321	352	-24
Adjusted Earnings Per Share	1.2	2.1	1.1	1.4	1.6	2.7	1.1	1.6	1.7	-0.1

Brightcom Group Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Net Sales	1263	1601	1673	1957	2256	2451	2421	2580	2692	2856	5020
Other Income	34	14	3	14	0	1	1	5	14	21	2
Total Income	1298	1615	1677	1971	2256	2452	2422	2585	2706	2877	5021
Total Expenditure	1025	1494	1308	1385	1582	1722	1708	1828	1903	1991	3516
Operating Profit	272	121	369	586	674	730	713	757	803	886	1505
Interest	28	35	27	23	16	15	15	13	6	0	0
Depreciation	17	26	69	41	64	96	108	135	180	226	246
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	228	60	273	522	594	619	590	609	617	660	1258
Provision for Tax	36	9	52	180	195	190	183	165	177	177	346
Profit After Tax	192	51	221	342	400	429	407	444	440	483	912
Adjustments	0	0	0	0	-1	-1	0	-265	-617	0	0
Profit After Adjustments	192	51	221	342	399	429	407	179	-177	483	912
Adjusted Earnings Per Share	1.9	0.5	2.2	3.4	4	4.3	4.1	1.8	-1.8	4.6	4.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	76%	25%	15%	15%
Operating Profit CAGR	70%	26%	16%	19%
PAT CAGR	89%	27%	16%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-49%	-43%	45%	-10%
ROE Average	21%	17%	17%	19%
ROCE Average	29%	24%	23%	25%

Brightcom Group Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder’s Funds	931	1038	1159	1530	2032	2409	2825	3004	2826	3260	5294
Minority’s Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	61	52	41	6	0	0	0	0	0	0	0
Other Non-Current Liabilities	90	84	16	19	9	8	7	8	9	8	13
Total Current Liabilities	618	432	587	530	400	432	426	449	431	419	632
Total Liabilities	1699	1605	1803	2085	2441	2849	3258	3461	3266	3687	5939
Fixed Assets	307	284	274	258	483	567	542	524	695	719	850
Other Non-Current Assets	192	195	234	460	481	374	605	720	667	822	864
Total Current Assets	1200	1127	1295	1367	1477	1908	2111	2217	1904	2146	4226
Total Assets	1699	1605	1803	2085	2441	2849	3258	3461	3266	3687	5939

Brightcom Group Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	2	171	94	43	57	60	81	89	103	119	127
Cash Flow from Operating Activities	-146	-105	211	276	242	151	315	510	89	460	287
Cash Flow from Investing Activities	-304	-3	-60	-271	-293	-80	-313	-387	-272	-431	-217
Cash Flow from Financing Activities	619	31	-202	9	54	-51	7	-109	199	-22	548
Net Cash Inflow / Outflow	169	-76	-51	13	3	21	9	13	16	8	618
Closing Cash & Cash Equivalent	171	94	43	56	60	81	89	103	119	127	745

Brightcom Group Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	1.93	0.51	2.23	3.45	4.02	4.32	4.1	1.8	-1.79	4.57	4.52
CEPS(Rs)	2.1	0.78	2.92	3.87	4.67	5.29	5.19	5.84	6.25	6.7	5.74
DPS(Rs)	0.2	0	0	0	0.1	0	0	0	0.05	0.05	0.3
Book NAV/Share(Rs)	9.02	10.46	11.68	15.42	20.48	24.28	28.47	30.27	28.49	30.82	26.24

Brightcom Group Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	22.4	18.47	18.47	18.47	18.47	18.47	18.44	18.38	18.38	18.38
FII	1.87	12.15	13.55	14.01	14.53	15.76	8.87	9.5	10.5	10.67
DII	0	0	0.07	0.06	0.09	0.11	0.11	0.14	0.2	0.18
Public	75.73	69.37	67.91	67.46	66.92	65.65	72.58	71.98	70.91	70.77
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

2. GVK Power Infra

Current Price: ₹6.34
Market Cap: N/A

P/E Ratio: 992

Energy company GVK Power Infra works on infrastructural projects throughout India. Its power-generating investments might lead to considerable growth, but its high P/E ratio raises worries about overvaluation.

Is the Stock Good to Buy? Caution is advised due to its high P/E ratio, but it may still be worth considering for long term investors.

Share Price Target: A conservative target of ₹8 ₹10 could be realistic if the company secures more contracts.

Expert Forecast: Analysts suggest that the successful completion of ongoing projects could enhance investor sentiment and drive higher stock prices.

Quarterly Price

Financial Year	Close Price	% Return	Q1	Q2	Q3	Q4
FY-2012	17.4	–	–	–	–	–
FY-2013	9.2	-47.4 %	-11.8 %	-4.9 %	-7.2 %	-32.5 %
FY-2014	11.1	20.8 %	-20.2 %	-14.4 %	51.2 %	16.9 %
FY-2015	9.6	-13.6 %	73.3 %	-47.0 %	-13.3 %	8.5 %
FY-2016	6.8	-28.8 %	-2.6 %	-16.7 %	4.5 %	-16.0 %
FY-2017	6.0	-12.5 %	-14.7 %	10.3 %	-15.6 %	10.2 %
FY-2018	14.1	137.0 %	44.5 %	36.0 %	59.4 %	-24.4 %
FY-2019	7.7	-45.7 %	-32.6 %	-18.4 %	0.0 %	-1.3 %
FY-2020	2.3	-70.6 %	-22.2 %	-31.1 %	-2.4 %	-43.8 %
FY-2021	2.9	28.9 %	42.2 %	6.3 %	-14.7 %	-100.0 %
FY-2023	2.1	–	–	–	-9.1 %	-31.2 %
FY-2024	9.8	372.9 %	30.9 %	362.4 %	-19.6 %	-2.8 %
FY-2025	5.7	-41.7 %	12.4 %	-39.5 %	-14.3 %	–

Peer Comparison

#	Company	CMP	M Cap	52W High	52W Low	PE	PB	ROCE Last Yr	ROE Last Yr	PAT TTM	Div Yield
1	NTPC Ltd.	426.1	413175	448.3	227.8	19.3	2.6	10.6	13.9	19384	2.3
2	Power Grid Corporation Of India Ltd.	328.6	305618	366.2	196.2	19.5	3.5	12.9	18.3	15973	4.1
3	Adani Green Energy Ltd.	1767.0	279899	2173.6	816.0	228.7	46.1	10.0	21.1	1147	0.0
4	Adani Power Ltd.	634.6	244781	896.8	289.3	15.3	5.7	32.3	57.0	15982	0.0
5	Tata Power Company Ltd.	463.9	148232	494.8	230.8	40.1	4.6	13.0	14.0	3211	0.5
6	JSW Energy Ltd.	694.0	121295	805.0	347.5	59.2	5.5	8.8	8.8	1950	0.4
7	Adani Energy Solutions Ltd.	977.8	117455	1347.9	686.9	788.6	8.6	9.5	9.8	-172	0.0
8	Torrent Power Ltd.	1950.6	93752	1983.7	692.0	41.0	7.8	15.6	16.4	2360	1.2
9	NHPC Ltd.	90.0	90435	118.4	48.5	25.0	2.3	8.4	10.6	3593	2.1
10	SJVN Ltd.	121.6	47786	170.4	63.4	47.9	3.4	5.3	6.5	1004	1.5

GVK Power & Infra Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	602	615	995	325	186	500	380	135	69	224
Other Income	21	6	18	18	18	15	16	20	24	17
Total Income	623	620	1012	343	204	516	396	155	92	241
Total Expenditure	392	293	322	108	80	47	32	37	38	46
Operating Profit	231	327	690	235	124	468	364	118	54	195
Interest	297	391	390	166	127	136	135	133	133	130
Depreciation	93	125	128	82	65	57	58	57	56	56
Exceptional Income / Expenses	282	-195	0	3437	0	0	0	0	0	0
Profit Before Tax	123	-384	172	3424	-67	275	171	-71	-135	9
Provision for Tax	26	16	18	21	17	-0	15	6	8	4
Profit After Tax	96	-400	154	3403	-84	276	156	-77	-143	5
Adjustments	-44	43	-165	-560	49	-157	-94	18	42	-16
Profit After Adjustments	53	-357	-11	2843	-36	119	62	-59	-101	-11
Adjusted Earnings Per Share	0.3	-2.3	-0.1	18	-0.2	0.8	0.4	-0.4	-0.6	-0.1

GVK Power & Infra Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2608	2821	3050	3207	3516	3863	4098	357	310	858	2120	808
Other Income	136	121	87	510	533	1004	283	72	22	30	59	77
Total Income	2744	2942	3136	3717	4049	4867	4381	429	332	889	2179	884
Total Expenditure	1924	1815	2232	2036	2360	2307	2393	992	226	566	802	153
Operating Profit	819	1127	904	1681	1689	2560	1988	-563	107	323	1377	731
Interest	746	965	1477	1651	1890	1643	1530	402	305	421	1074	531
Depreciation	351	438	706	549	669	725	792	60	52	136	400	227
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	504	3242	0
Profit Before Tax	-278	-276	-1278	-518	-870	193	-307	-1024	-251	269	3143	-26
Provision for Tax	129	145	-109	80	57	162	-3	48	39	73	72	33
Profit After Tax	-407	-420	-1168	-598	-927	31	-304	-1072	-290	196	3071	-59
Adjustments	71	52	334	-48	-375	-593	-59	-421	-475	2449	-632	-50
Profit After Adjustments	-336	-369	-835	-647	-1302	-562	-363	-1493	-764	2645	2439	-109
Adjusted Earnings Per Share	-2.1	-2.3	-5.3	-4.1	-8.2	-3.6	-2.3	-9.5	-4.8	16.8	15.4	-0.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	147%	81%	-11%	-2%
Operating Profit CAGR	326%	0%	-12%	5%
PAT CAGR	1467%	0%	151%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-36%	28%	13%	-5%
ROE Average	0%	0%	0%	-35%
ROCE Average	74%	32%	20%	12%

GVK Power & Infra Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder’s Funds	3145	2778	1939	1001	-297	-841	-1203	-2697	-3460	-3840	-1151
Minority’s Interest	3319	3073	2305	1005	1406	1569	2448	2564	2391	762	1604
Borrowings	15181	19605	19361	12592	10512	10693	9442	7713	102	3511	3074
Other Non-Current Liabilities	644	1549	1515	2142	1918	2964	4881	4812	17	-24	-4
Total Current Liabilities	5597	5019	7732	5555	6969	5725	6160	8042	20898	11105	4039
Total Liabilities	27886	32024	32852	22295	20507	20110	21728	20434	19949	11514	7561
Fixed Assets	7315	11866	11484	14433	14048	13870	14301	12292	270	7209	3745
Other Non-Current Assets	17441	17222	18810	6207	4472	3680	4890	6027	2124	1306	1228
Total Current Assets	3130	2936	2558	1655	1988	2560	2537	2116	17555	2999	2588
Total Assets	27886	32024	32852	22295	20507	20110	21728	20434	19949	11514	7561

GVK Power & Infra Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	795	1474	1376	1215	689	847	890	305	194	465	555
Cash Flow from Operating Activities	984	1233	1294	1643	1433	2483	1249	1652	1218	-4254	1620
Cash Flow from Investing Activities	-3218	-2895	-1105	-1490	897	-8	-782	-433	-111	15711	-102
Cash Flow from Financing Activities	2913	1562	-252	-569	-2172	-2431	-1052	-1330	-835	-11771	-1484
Net Cash Inflow / Outflow	680	-100	-63	-417	159	43	-585	-111	271	-314	35
Closing Cash & Cash Equivalent	1474	1376	1308	798	847	890	305	194	465	555	504

GVK Power & Infra Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-2.13	-2.33	-5.29	-4.1	-8.25	-3.56	-2.3	-9.46	-4.84	16.75	15.44
CEPS(Rs)	-0.35	0.11	-2.93	-0.31	-1.64	4.79	3.08	-6.41	-1.5	2.11	21.98
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	19.92	17.59	12.28	6.34	-1.88	-5.33	-7.62	-17.08	-21.91	-24.31	-7.29

GVK Power & Infra Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	54.25	54.25	54.25	54.25	54.25	54.25	54.25	54.25	54.25	54.25
FII	0.27	0.27	0.28	0.28	0.3	0.3	0.36	0.52	0.85	0.85
DII	0.43	0.43	0.52	0.52	0.48	0.48	0.48	0.48	0.48	0.48
Public	45.05	45.05	44.95	44.95	44.97	44.96	44.9	44.75	44.41	44.42
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

3. Sarveshwar Foods

Current Price: ₹9.36

Market Cap: N/A
P/E Ratio: 18.25

Sarveshwar Foods, a food processor, has survived economic downturns by producing necessary items. Quality and innovation position the organization for growth.

Is the Stock Good to Buy? Yes, particularly for those interested in stable businesses with consistent demand.

Share Price Target: Analysts project a target of around ₹11 ₹13 over the next year.

Expert Forecast: Experts expect that as consumer preferences shift towards processed foods, Sarveshwar Foods will benefit from increased demand.

Sarveshwar Foods Share Price Target 2024, 2025, 2030, 2040, 2050

Quarterly Price

Financial Year	Close Price	% Return	Q1	Q2	Q3	Q4
FY-2018	2.0	–	–	–	–	–
FY-2019	1.2	-38.7 %	-23.9 %	-25.2 %	-16.2 %	28.5 %
FY-2020	0.3	-71.7 %	7.9 %	-7.9 %	-51.7 %	-41.1 %
FY-2021	0.7	117.1 %	24.9 %	-100.0 %	–	74.5 %
FY-2022	1.4	92.8 %	16.9 %	-10.4 %	73.6 %	6.1 %
FY-2023	2.2	51.7 %	16.3 %	39.3 %	25.3 %	-25.3 %
FY-2024	9.4	334.6 %	7.3 %	131.9 %	-0.4 %	75.3 %
FY-2025	9.6	1.5 %	-9.3 %	14.3 %	-2.0 %	–

Peer Comparison

#	Company	CMP	M Cap	52W High	52W Low	PE	PB	ROCE Last Yr	ROE Last Yr	PAT TTM	Div Yield
1	Nestle India Ltd.	2488.0	239877	2777.0	2310.0	90.4	71.8	185.4	135.6	3244	1.2
2	Varun Beverages Ltd.	598.5	194433	682.8	331.3	80.2	28.1	29.0	35.0	2469	0.2
3	Britannia Industries Ltd.	6039.0	145460	6473.1	4350.0	66.5	36.9	49.2	57.1	2190	1.5
4	Marico Ltd.	685.2	88722	719.8	486.8	58.2	23.5	47.4	40.0	1540	1.9
5	Jubilant FoodWorks Ltd.	627.0	41372	715.2	420.8	97.1	19.4	26.2	19.3	379	0.3
6	Hatsun Agro Product Ltd.	1132.1	25217	1380.0	956.1	79.4	16.0	15.2	17.7	318	0.6
7	Bikaji Foods International Ltd.	863.7	21626	1005.0	450.4	76.5	17.8	29.5	24.4	280	0.2
8	Devyani International Ltd.	178.8	21568	222.8	142.0	328.6	20.9	12.8	-1.0	14	0.0
9	LT Foods Ltd.	406.3	14109	448.0	151.0	23.2	4.2	23.3	19.5	570	1.1
10	Zydus Wellness Ltd.	1980.0	12599	2484.0	1441.8	41.4	2.4	5.1	5.1	304	0.3

Sarveshwar Foods Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	202	197	178	184	130	188	205	229	247	233
Other Income	0	2	1	3	1	2	2	1	3	1
Total Income	203	200	180	187	131	189	207	231	250	234
Total Expenditure	194	190	170	178	119	177	191	213	233	220
Operating Profit	9	10	9	9	12	13	16	18	17	14
Interest	3	6	7	6	8	8	9	10	11	9
Depreciation	0	0	0	0	2	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	5	4	2	2	3	4	6	7	5	4
Provision for Tax	1	1	1	0	1	1	1	2	1	1
Profit After Tax	4	3	1	2	2	3	5	5	5	3
Adjustments	-3	-0	-0	-0	-0	-0	-0	-0	-0	0
Profit After Adjustments	1	3	1	2	2	3	5	5	4	3
Adjusted Earnings Per Share	0	0	0	0	0	0	0	0.1	0	0

Sarveshwar Foods Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	238	259	354	418	480	566	488	515	605	689	870	914
Other Income	4	3	1	2	1	4	4	2	3	8	7	7
Total Income	241	263	355	420	481	570	492	517	608	697	877	922
Total Expenditure	215	232	324	381	438	531	463	494	577	657	555	857
Operating Profit	26	31	31	39	43	39	29	22	30	41	322	65
Interest	14	18	20	19	18	14	20	13	20	27	39	39
Depreciation	3	3	4	3	3	2	2	2	2	3	1	0
Exceptional Income / Expenses	-0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	10	10	7	18	22	23	7	8	9	11	281	22
Provision for Tax	2	2	2	5	5	5	1	3	2	3	5	5
Profit After Tax	7	8	5	13	17	18	6	5	6	8	276	18
Adjustments	0	0	-0	-0	-0	-0	-0	-0	-3	-0	-1	0
Profit After Adjustments	7	8	5	13	17	18	6	5	3	8	275	17
Adjusted Earnings Per Share	0.1	0.1	0.1	0.2	0.2	0.2	0.1	0.1	0	0.1	2.8	0.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	26%	19%	9%	14%
Operating Profit CAGR	685%	145%	53%	29%
PAT CAGR	3350%	281%	73%	44%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	92%	127%	55%	NA%
ROE Average	133%	47%	30%	28%
ROCE Average	61%	25%	18%	15%

Sarveshwar Foods Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder’s Funds	22	30	35	70	136	154	159	160	163	214	253
Minority’s Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	20	16	30	4	1	1	1	40	51	44	92
Other Non-Current Liabilities	10	26	1	2	-0	-0	-1	-0	0	0	0
Total Current Liabilities	161	215	208	249	295	275	268	280	299	301	445
Total Liabilities	214	287	275	325	433	429	428	480	513	559	790
Fixed Assets	25	30	27	25	24	23	22	20	19	16	16
Other Non-Current Assets	0	0	0	8	0	0	0	5	2	1	1
Total Current Assets	188	257	247	291	409	407	406	455	493	542	774
Total Assets	214	287	275	325	433	429	428	480	513	559	790

Sarveshwar Foods Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	1	1	1	1	0	16	1	2	1	0	0
Cash Flow from Operating Activities	31	26	18	22	-15	-34	11	-35	22	-36	250
Cash Flow from Investing Activities	-2	-7	-1	-9	-1	-1	-3	2	-3	-6	16
Cash Flow from Financing Activities	-29	-18	-17	-15	32	19	-8	31	-19	41	-6
Net Cash Inflow / Outflow	0	1	0	-1	16	-16	1	-1	-0	-0	259
Closing Cash & Cash Equivalent	1	1	1	0	16	1	2	1	0	0	259

Sarveshwar Foods Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.13	0.14	0.1	0.24	0.22	0.25	0.08	0.07	0.05	0.09	2.81
CEPS(Rs)	0.18	0.2	0.17	0.29	0.26	0.28	0.11	0.1	0.11	0.12	2.83
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	0.41	0.55	0.65	0.88	1.55	1.79	1.86	1.87	1.91	2.12	2.36

Sarveshwar Foods Shareholding Pattern

#	Sep 2021	Mar 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	73.67	73.67	68.2	68.2	57.84	55.74	54.91	54.91	54.91	54.91
FII	0	0	0.91	0.91	2.5	2.37	3.76	2.59	1.05	0
DII	0	0	0	0	0	0	0	0	0	0
Public	26.33	26.33	30.89	30.88	39.66	41.89	41.33	42.5	44.03	45.08
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

4. Nandan Denim

Current Price: ₹6.09
Market Cap: ₹926 Cr

P/E Ratio: 18.25

Nandan Denim is a reputable denim maker. The firm has upgraded its manufacturing facilities to suit customer demand and boost efficiency.

Is the Stock Good to Buy? Yes, especially given its strong market presence and potential for growth.

Share Price Target: Based on industry trends, a target of ₹8 ₹10 is feasible within the next year.

Expert Forecast: Analysts believe that with rising fashion trends favoring denim, Nandan Denim could see a surge in sales and profitability.

Quarterly Price

Financial Year	Close Price	% Return	Q1	Q2	Q3	Q4
FY-2012	0.7	–	–	-6.8 %	-30.5 %	37.8 %
FY-2013	0.8	12.0 %	5.0 %	21.3 %	1.1 %	-13.0 %
FY-2014	1.2	45.8 %	17.6 %	0.3 %	-2.5 %	26.8 %
FY-2015	2.1	69.1 %	9.9 %	4.4 %	67.0 %	-11.7 %
FY-2016	3.9	90.1 %	68.4 %	24.6 %	15.3 %	-21.4 %
FY-2017	4.0	2.3 %	22.0 %	-7.3 %	-15.8 %	7.3 %
FY-2018	4.1	1.8 %	10.8 %	6.7 %	15.0 %	-25.1 %
FY-2019	1.8	-56.3 %	-34.8 %	-10.9 %	-11.6 %	-15.0 %
FY-2020	0.5	-71.1 %	-25.4 %	-9.9 %	-15.9 %	-48.8 %
FY-2021	1.0	100.3 %	35.4 %	-2.4 %	31.2 %	15.5 %
FY-2022	6.3	507.8 %	58.0 %	40.8 %	74.1 %	56.8 %
FY-2023	1.6	-75.1 %	-50.8 %	-3.3 %	-13.1 %	-39.8 %
FY-2024	3.2	106.9 %	27.6 %	25.4 %	7.9 %	20.0 %
FY-2025	5.8	79.7 %	48.8 %	36.4 %	-11.5 %	–

Peer Comparison

#	Company	CMP	M Cap	52W High	52W Low	PE	PB	ROCE Last Yr	ROE Last Yr	PAT TTM	Div Yield
1	Page Industries Ltd.	45984.6	51291	46000.0	33100.0	89.0	32.1	49.8	38.4	576	1.1
2	K.P.R. Mill Ltd.	943.0	32233	1053.5	700.0	40.0	7.4	21.1	20.0	806	0.6
3	Vedant Fashions Ltd.	1318.0	32015	1481.4	886.0	83.2	20.1	39.5	27.7	385	0.9
4	Swan Energy Ltd.	556.2	17436	782.6	295.4	43.3	2.8	9.8	13.7	709	0.0
5	Welspun Living Ltd.	162.6	15591	213.1	120.6	22.4	3.5	16.6	15.7	696	0.1
6	Vardhman Textiles Ltd.	462.2	13364	592.2	338.7	18.0	1.4	8.9	7.2	693	0.9
7	Raymond Lifestyle Ltd.	2157.6	13145	3100.0	2081.0	0.0	1.4	15.6	11.7	0	0.0
8	Alok Industries Ltd.	24.1	11971	39.2	16.1	-13.1	-0.6	-4.4	0.0	-914	0.0
9	Arvind Ltd.	363.7	9519	421.0	163.8	30.7	2.7	13.6	10.2	326	1.8
10	Garware Technical Fibres Ltd.	4021.2	7983	4319.0	3028.7	38.4	6.6	23.1	18.5	212	0.1

Nandan Denim Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	721	780	528	262	457	554	414	462	579	722
Other Income	6	3	1	2	6	3	4	1	26	2
Total Income	728	783	528	264	463	558	418	464	605	724
Total Expenditure	689	742	505	262	434	534	388	430	540	689
Operating Profit	38	41	24	2	29	24	31	34	65	34
Interest	7	12	13	11	17	12	10	10	15	10
Depreciation	12	13	8	8	8	10	10	10	11	14
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	19	16	3	-18	3	2	11	13	39	11
Provision for Tax	4	6	3	-4	1	1	2	6	12	4
Profit After Tax	15	11	1	-13	3	2	8	8	27	7
Adjustments	0	0	0	-0	-0	0	0	0	0	-0
Profit After Adjustments	15	11	1	-13	3	2	8	8	27	7
Adjusted Earnings Per Share	0.1	0.1	0	-0.1	0	0	0.1	0.1	0.2	0.1

Nandan Denim Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	894	1097	1157	1220	1589	1456	1524	1090	2176	2027	2010	2177
Other Income	4	12	4	21	15	13	24	24	19	12	35	33
Total Income	898	1108	1161	1242	1603	1469	1549	1114	2194	2038	2045	2211
Total Expenditure	761	940	966	1034	1364	1307	1425	1024	2015	1943	1892	2047
Operating Profit	137	168	195	208	239	162	123	89	179	96	153	164
Interest	32	38	41	36	58	27	43	42	42	53	47	45
Depreciation	50	60	66	86	121	104	88	78	45	37	41	45
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	55	71	88	85	61	31	-7	-31	92	5	65	74
Provision for Tax	16	20	25	13	14	10	-7	-13	24	5	20	24
Profit After Tax	39	51	63	73	46	21	-1	-19	68	1	45	50
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	39	51	63	73	46	21	-1	-19	68	1	45	50
Adjusted Earnings Per Share	0.3	0.4	0.5	0.5	0.3	0.1	-0	-0.1	0.5	0	0.3	0.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-1%	23%	7%	8%
Operating Profit CAGR	59%	20%	-1%	1%
PAT CAGR	4400%	0%	16%	1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	141%	32%	41%	15%
ROE Average	8%	7%	4%	10%
ROCE Average	12%	10%	7%	10%

Nandan Denim Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder’s Funds	217	259	338	438	474	491	490	471	539	540	585
Minority’s Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	281	278	318	422	372	304	263	262	253	163	96
Other Non-Current Liabilities	22	50	23	21	20	22	94	9	18	39	66
Total Current Liabilities	307	307	392	473	479	542	445	442	649	544	453
Total Liabilities	826	894	1072	1354	1345	1360	1292	1185	1459	1286	1201
Fixed Assets	452	437	480	797	737	632	584	503	544	534	508
Other Non-Current Assets	16	61	109	18	5	23	86	18	26	32	30
Total Current Assets	357	396	483	538	604	704	622	664	889	720	663
Total Assets	826	894	1072	1354	1345	1360	1292	1185	1459	1286	1201

Nandan Denim Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	2	6	19	17	17	18	3	16	17	29	3
Cash Flow from Operating Activities	88	133	147	169	66	79	155	35	101	141	230
Cash Flow from Investing Activities	-94	-94	-180	-286	-0	-26	-18	-24	-55	-21	-50
Cash Flow from Financing Activities	10	-26	32	116	-65	-68	-124	-9	-34	-145	-169
Net Cash Inflow / Outflow	4	13	-2	-0	1	-15	13	1	12	-25	12
Closing Cash & Cash Equivalent	6	19	17	17	18	3	16	17	29	3	15

Nandan Denim Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.29	0.38	0.46	0.5	0.32	0.15	-0	-0.13	0.47	0	0.31
CEPS(Rs)	0.65	0.81	0.95	1.1	1.16	0.87	0.6	0.41	0.78	0.26	0.59
DPS(Rs)	0.04	0.05	0.05	0.05	0.03	0.02	0	0	0	0	0
Book NAV/Share(Rs)	1.58	1.89	2.29	3.04	3.29	3.4	3.4	3.27	3.74	3.75	4.06

Nandan Denim Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	64.73	64.73	64.73	64.87	64.87	64.87	64.87	64.87	58.47	51.01
FII	0.88	0.47	0.52	0.79	0.56	0.35	0.35	0.48	0.6	0.58
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.08	1.49
Public	34.38	34.79	34.74	34.33	34.56	34.77	34.77	34.64	40.85	46.92
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

5. Vikas Lifecare

Current Price: ₹4.78

Market Cap: ₹812 Cr
P/E Ratio: 224

Vikas Lifecare makes plastic items in a specialized market. Despite its high P/E ratio, the company product diversification should provide excellent long term gains.

Is the Stock Good to Buy? Caution is warranted due to high valuation metrics, but it may appeal to risk tolerant investors.

Share Price Target: If market conditions improve, a target of around ₹6 ₹7 could be achievable.

Expert Forecast: Analysts suggest successful diversification strategies could enhance Vikas Lifecare market position and increase stock prices.

Vikas Lifecare Share Price Target 2024, 2025, 2030, 2040, 2050

Quarterly Price

Financial Year	Close Price	% Return	Q1	Q2	Q3	Q4
FY-2020	1.0	–	–	52.0 %	-10.5 %	-64.7 %
FY-2021	2.5	145.8 %	320.8 %	53.5 %	-29.0 %	-46.4 %
FY-2022	5.3	116.7 %	7.5 %	18.2 %	29.9 %	31.4 %
FY-2023	3.4	-36.5 %	1.9 %	-15.7 %	-2.4 %	-24.2 %
FY-2024	4.9	43.5 %	-9.2 %	74.9 %	-7.6 %	-2.2 %
FY-2025	4.7	-3.5 %	13.2 %	-18.6 %	4.7 %	–

Peer Comparison

#	Company	CMP	M Cap	52W High	52W Low	PE	PB	ROCE Last Yr	ROE Last Yr	PAT TTM	Div Yield
1	Rain Industries Ltd.	176.6	5938	219.6	130.2	-4.1	0.8	2.0	-10.1	-1307	0.6
2	Agarwal Industrial Corporation Ltd.	1123.2	1680	1339.0	771.0	13.9	3.3	21.2	23.9	121	0.4
3	Kothari Petrochemicals Ltd.	241.5	1421	267.4	108.2	21.2	5.8	41.8	29.1	67	1.4
4	Vikas Lifecare Ltd.	4.7	858	7.9	4.1	11700.0	2.0	-6.5	-5.8	-1	0.0
5	Tamilnadu Petroproducts Ltd.	87.7	789	113.8	77.0	15.9	0.9	8.3	6.0	50	1.5
6	Multibase India Ltd.	267.0	337	337.4	211.0	26.7	2.5	11.6	8.6	13	1.3
7	Nexxus Petro Industries Ltd.	170.0	118	168.4	125.7	0.0	10.0	31.4	61.8	0	0.0
8	SVC Industries Ltd.	5.3	87	6.7	2.8	-83.2	0.3	-0.5	-0.8	-1	0.0
9	Hindustan Fluorocarbons Ltd.	19.2	38	23.7	12.0	28.6	-0.3	11.8	0.0	1	0.0
10	Jiya Eco-Products Ltd.	3.5	11			-1.0	-0.5	-19.1	0.0	-1	0.0

Vikas Lifecare Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	103	92	132	134	118	99	116	99	132	92
Other Income	31	2	1	1	-32	12	7	3	5	2
Total Income	133	94	133	135	86	111	123	102	136	94
Total Expenditure	100	91	127	129	117	96	114	104	127	92
Operating Profit	33	3	6	5	-31	14	9	-2	9	2
Interest	0	0	0	1	1	0	1	1	1	1
Depreciation	1	1	0	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	-6	0
Profit Before Tax	32	2	5	3	-32	13	8	-3	-0	0
Provision for Tax	9	-0	3	-3	-6	1	0	1	1	3
Profit After Tax	23	3	3	6	-27	12	8	-4	-2	-3
Adjustments	-0	-0	-0	-0	-0	0	-0	0	-0	0
Profit After Adjustments	23	3	2	6	-27	12	7	-4	-2	-3
Adjusted Earnings Per Share	0.2	0	0	0	-0.2	0.1	0.1	-0	-0	-0

Vikas Lifecare Profit & Loss

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	75	301	476	439
Other Income	1	44	4	17
Total Income	76	345	480	455
Total Expenditure	67	302	496	437
Operating Profit	9	43	-16	18
Interest	5	2	2	4
Depreciation	1	2	3	4
Exceptional Income / Expenses	-4	0	0	-6
Profit Before Tax	-1	39	-21	5
Provision for Tax	2	10	-6	5
Profit After Tax	-4	29	-16	-1
Adjustments	0	-0	0	0
Profit After Adjustments	-4	29	-15	-2
Adjusted Earnings Per Share	-0	0.3	-0.1	0.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	58%	0%	0%	0%
Operating Profit CAGR	-137%	0%	0%	0%
PAT CAGR	-155%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-5%	10%	9%	NA%
ROE Average	-6%	4%	4%	4%
ROCE Average	-7%	7%	7%	7%

Vikas Lifecare Balance Sheet

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Shareholder’s Funds	67	199	331
Minority’s Interest	0	0	2
Borrowings	16	2	10
Other Non-Current Liabilities	0	14	5
Total Current Liabilities	67	105	107
Total Liabilities	150	321	455
Fixed Assets	4	22	41
Other Non-Current Assets	23	177	186
Total Current Assets	122	119	216
Total Assets	150	321	455

Vikas Lifecare Cash Flow

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	8
Cash Flow from Operating Activities	-8	-15	-112
Cash Flow from Investing Activities	12	-39	-37
Cash Flow from Financing Activities	-4	59	151
Net Cash Inflow / Outflow	-0	6	2
Closing Cash & Cash Equivalent	0	8	10

Vikas Lifecare Ratios

#	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-0.04	0.26	-0.11
CEPS(Rs)	-0.04	0.28	-0.09
DPS(Rs)	0	0	0
Book NAV/Share(Rs)	0.84	1.82	2.3

Vikas Lifecare Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	14.81	13.31	12.27	11.36	11.36	11.4	11.4	11.4	11.39	14.2
FII	0.03	12.21	9.58	8.07	0.33	0.02	0.02	0.02	10.49	0.28
DII	0	0.02	0	0	0	0	0	0	0	0
Public	85.16	74.47	78.15	80.57	88.31	88.58	88.58	88.58	78.13	85.46
Others	0	0	0	0	0	0	0	0	0	0.06
Total	100	100	100	100	100	100	100	100	100	100

6. Sakuma Exports

Current Price: ₹5.09
Market Cap: ₹793 Cr

P/E Ratio: 19.41

Sakuma Exports specializes in textiles and has an international clientele. The company emphasis on quality and customer satisfaction positions it for development as foreign commerce recovers post pandemic.

Is the Stock Good to Buy? Yes, particularly for those interested in export oriented businesses.

Share Price Target: Analysts expect a target of around ₹7 ₹9 over the next year.

Expert Forecast: Experts believe that as global demand for textiles increases, Sakuma Exports will benefit significantly from its established client base.

Quarterly Price

Financial Year	Close Price	% Return	Q1	Q2	Q3	Q4
FY-2012	0.3	–	–	-12.8 %	-5.8 %	2.9 %
FY-2013	0.3	8.7 %	22.2 %	-4.2 %	-12.5 %	6.1 %
FY-2014	0.3	24.2 %	13.9 %	-2.7 %	8.8 %	3.0 %
FY-2015	0.4	17.6 %	55.3 %	-8.1 %	-16.5 %	-1.2 %
FY-2016	1.3	219.7 %	51.2 %	13.2 %	168.5 %	-30.5 %
FY-2017	1.3	1.3 %	11.7 %	-9.7 %	-4.7 %	5.3 %
FY-2018	2.8	118.4 %	16.4 %	99.7 %	9.1 %	-13.9 %
FY-2019	5.5	94.5 %	17.9 %	31.5 %	51.3 %	-17.0 %
FY-2020	0.7	-87.6 %	-36.9 %	-49.6 %	-23.7 %	-48.9 %
FY-2021	1.0	40.8 %	121.1 %	-20.7 %	32.8 %	-39.5 %
FY-2022	2.3	145.2 %	122.1 %	0.8 %	20.4 %	-9.0 %
FY-2023	2.0	-13.3 %	12.6 %	10.9 %	18.0 %	-41.2 %
FY-2024	5.0	146.6 %	31.5 %	37.1 %	-3.5 %	41.8 %
FY-2025	4.6	-8.8 %	41.1 %	-27.3 %	-11.1 %	–

Peer Comparison

#	Company	CMP	M Cap	52W High	52W Low	PE	PB	ROCE Last Yr	ROE Last Yr	PAT TTM	Div Yield
1	Adani Enterprises Ltd.	3112.7	354848	3743.0	2142.3	88.2	9.7	11.8	9.5	4227	0.0
2	Redington Ltd.	181.0	14146	237.3	136.2	11.6	1.9	23.6	17.1	1200	3.0
3	Honasa Consumer Ltd.	425.0	13805	546.5	256.1	82.6	12.9	18.3	0.0	126	0.0
4	MMTC Ltd.	83.5	12522	131.9	49.8	59.6	7.7	11.9	12.7	97	0.0
5	Lloyds Enterprises Ltd.	50.0	6361	51.8	27.3	55.0	3.8	15.3	13.1	177	0.4
6	Optiemus Infracom Ltd.	715.2	6141	873.6	218.4	103.2	14.4	17.3	14.0	57	0.0
7	Entero Healthcare Solutions Ltd.	1294.5	5630	1516.4	974.4	44.9	3.4	7.0	5.1	55	0.0
8	MSTC Ltd.	704.3	4958	1165.0	417.2	23.0	5.6	34.7	24.4	223	1.9
9	SG Mart Ltd.	427.4	4789	638.5	355.6	53.3	4.8	14.5	12.1	86	0.0
10	Jeena Sikho Lifecare Ltd.	1568.9	3900	1645.0	566.0	0.0	20.3	59.1	43.5	0	0.5

Sakuma Exports Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	1186	1026	330	811	1006	483	362	779	501	741
Other Income	5	1	2	2	3	4	3	0	9	1
Total Income	1190	1027	332	813	1009	487	364	779	511	742
Total Expenditure	1173	1014	327	801	993	479	359	769	481	733
Operating Profit	18	13	6	12	16	7	5	10	30	9
Interest	2	2	1	2	3	1	1	1	1	1
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	16	11	5	9	13	6	4	9	28	7
Provision for Tax	3	3	1	2	3	1	1	2	2	2
Profit After Tax	13	8	3	7	10	5	3	6	26	6
Adjustments	0	0	-0	0	0	0	0	-0	0	0
Profit After Adjustments	13	8	3	7	10	5	3	6	26	6
Adjusted Earnings Per Share	0.1	0.1	0	0.1	0.1	0	0	0.1	0.2	0

Sakuma Exports Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1579	1800	3133	3915	4546	4363	2546	1328	2853	3173	2125	2383
Other Income	3	11	6	12	11	7	10	5	7	7	16	13
Total Income	1582	1810	3139	3926	4557	4370	2556	1333	2860	3180	2141	2396
Total Expenditure	1554	1783	3090	3865	4480	4272	2528	1312	2821	3134	2089	2342
Operating Profit	28	27	50	61	76	98	28	21	40	46	52	54
Interest	6	3	12	16	17	9	2	5	4	7	4	4
Depreciation	1	1	1	1	0	1	1	2	2	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	21	24	37	45	59	88	24	14	34	38	47	48
Provision for Tax	3	4	5	8	10	19	6	3	6	10	7	7
Profit After Tax	18	20	32	36	49	70	18	11	27	28	40	41
Adjustments	-2	-1	0	0	0	0	-0	0	0	0	0	0
Profit After Adjustments	16	20	32	36	49	70	18	11	27	28	40	41
Adjusted Earnings Per Share	0.2	0.2	0.4	0.4	0.5	0.7	0.2	0.1	0.2	0.2	0.3	0.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-33%	17%	-13%	3%
Operating Profit CAGR	13%	35%	-12%	6%
PAT CAGR	43%	54%	-11%	8%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	33%	30%	24%	26%
ROE Average	9%	8%	7%	17%
ROCE Average	10%	10%	9%	16%

Sakuma Exports Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder’s Funds	86	97	126	150	242	307	331	349	380	413	483
Minority’s Interest	1	1	1	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	3	2	2	1	0
Other Non-Current Liabilities	1	1	10	11	16	21	25	24	26	35	6
Total Current Liabilities	186	431	631	751	541	615	768	54	261	123	187
Total Liabilities	273	530	768	912	798	943	1127	430	669	571	676
Fixed Assets	4	3	3	3	2	2	7	5	5	3	1
Other Non-Current Assets	2	2	3	1	2	2	1	1	27	29	34
Total Current Assets	267	524	762	909	794	939	1119	424	638	539	641
Total Assets	273	530	768	912	798	943	1127	430	669	571	676

Sakuma Exports Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	9	24	37	42	4	41	23	26	3	6	21
Cash Flow from Operating Activities	-68	-6	4	1	86	12	86	-77	-57	91	-85
Cash Flow from Investing Activities	1	2	2	5	1	2	-57	47	-15	1	12
Cash Flow from Financing Activities	82	18	-3	-17	-52	-32	-26	7	76	-77	77
Net Cash Inflow / Outflow	15	14	3	-11	36	-18	3	-22	3	15	4
Closing Cash & Cash Equivalent	24	37	41	31	41	23	26	3	6	21	25

Sakuma Exports Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.2	0.24	0.39	0.44	0.46	0.65	0.17	0.09	0.23	0.24	0.34
CEPS(Rs)	0.23	0.25	0.39	0.45	0.46	0.66	0.18	0.11	0.25	0.25	0.35
DPS(Rs)	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01
Book NAV/Share(Rs)	1.04	1.18	1.52	1.83	2.26	2.87	3.09	2.97	3.23	3.5	4.1

Sakuma Exports Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	61.88	61.88	61.88	61.88	61.88	61.88	61.88	61.88	46.29	46.29
FII	0.16	0.05	0.17	0.18	0.03	0	0.03	0.2	0.62	0.13
DII	0	0	0	0	0	0	0	0	0	0
Public	37.96	38.07	37.96	37.95	38.09	38.12	38.09	37.92	53.09	53.58
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

7. Filatex Fashions

Current Price: ₹0.85

Market Cap: ₹641 Cr
P/E Ratio: 72.38

Investors can access the garment manufacturing company Filatex Fashions at a modest entry point. However, financial health and market changes pose larger risks.

Is the Stock Good to Buy? Only for highly risk tolerant investors who can afford potential losses.

Share Price Target: A speculative target of around ₹1 ₹1.50 could be possible if market sentiment improves.

Expert Forecast: Analysts caution that while there is a potential upside, investors should closely monitor Filatex financial health before committing capital due to its volatility.

Quarterly Price

Financial Year	Close Price	% Return	Q1	Q2	Q3	Q4
FY-2012	0.9	–	–	-10.3 %	-32.5 %	-1.8 %
FY-2013	1.0	15.2 %	14.1 %	33.1 %	-18.3 %	-7.2 %
FY-2014	0.7	-32.8 %	-38.8 %	13.3 %	-100.0 %	–
FY-2015	2.1	197.4 %	30.1 %	-8.2 %	-27.4 %	243.0 %
FY-2016	1.1	-48.9 %	30.7 %	3.9 %	-45.9 %	-30.4 %
FY-2017	0.8	-19.4 %	19.8 %	-6.0 %	-15.9 %	-14.9 %
FY-2018	0.5	-38.0 %	-15.1 %	-8.3 %	7.3 %	-25.7 %
FY-2019	0.7	34.2 %	-3.0 %	3.9 %	-25.7 %	79.2 %
FY-2020	0.5	-35.4 %	-100.0 %	–	109.2 %	-44.1 %
FY-2021	0.5	5.7 %	20.6 %	-5.5 %	-6.2 %	-1.2 %
FY-2022	1.2	144.4 %	47.3 %	-16.3 %	131.6 %	-14.4 %
FY-2023	2.8	139.9 %	33.1 %	56.4 %	52.9 %	-24.6 %
FY-2024	2.3	-20.2 %	-7.6 %	19.8 %	-14.1 %	-16.0 %
FY-2025	1.0	-57.0 %	-27.0 %	-41.1 %	0.0 %	–

Peer Comparison

#	Company	CMP	M Cap	52W High	52W Low	PE	PB	ROCE Last Yr	ROE Last Yr	PAT TTM	Div Yield
1	Page Industries Ltd.	45984.6	51291	46000.0	33100.0	89.0	32.1	49.8	38.4	576	1.1
2	K.P.R. Mill Ltd.	944.0	32267	1053.5	700.0	40.0	7.4	21.1	20.0	806	0.6
3	Vedant Fashions Ltd.	1316.8	31986	1481.4	886.0	83.1	20.1	39.5	27.7	385	0.9
4	Swan Energy Ltd.	557.2	17466	782.6	295.4	43.4	2.8	9.8	13.7	709	0.0
5	Welspun Living Ltd.	162.5	15586	213.1	120.6	22.4	3.5	16.6	15.7	696	0.1
6	Vardhman Textiles Ltd.	462.2	13364	592.2	338.7	18.0	1.4	8.9	7.2	693	0.9
7	Raymond Lifestyle Ltd.	2157.0	13141	3100.0	2081.0	0.0	1.4	15.6	11.7	0	0.0
8	Alok Industries Ltd.	24.1	11956	39.2	16.1	-13.1	-0.6	-4.4	0.0	-914	0.0
9	Arvind Ltd.	364.4	9536	421.0	163.8	30.7	2.7	13.6	10.2	326	1.8
10	Garware Technical Fibres Ltd.	4021.2	7983	4319.0	3028.7	38.4	6.6	23.1	18.5	212	0.1

Filatex Fashions Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	44	42	41	19	46	45	67	27
Other Income	0	0	4	0	0	0	3	0
Total Income	44	42	44	19	46	45	70	27
Total Expenditure	37	36	39	16	43	40	66	24
Operating Profit	7	6	6	3	3	5	4	3
Interest	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	6	5	5	2	3	4	3	2
Provision for Tax	2	1	2	1	1	1	0	1
Profit After Tax	5	4	4	2	2	3	3	2
Adjustments	0	0	-0	0	-0	0	-0	0
Profit After Adjustments	5	4	4	2	2	3	3	2
Adjusted Earnings Per Share	0.1	0.1	0.1	0	0	0	0	0

Filatex Fashions Profit & Loss

#(Fig in Cr.)	Mar 2023	Mar 2024	TTM
Net Sales	164	176	185
Other Income	4	3	3
Total Income	168	179	188
Total Expenditure	149	165	173
Operating Profit	19	14	15
Interest	1	2	0
Depreciation	0	1	0
Exceptional Income / Expenses	0	0	0
Profit Before Tax	17	12	12
Provision for Tax	5	3	3
Profit After Tax	12	9	10
Adjustments	-0	0	0
Profit After Adjustments	12	9	10
Adjusted Earnings Per Share	0.2	0	0

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	7%	0%	0%	0%
Operating Profit CAGR	-26%	0%	0%	0%
PAT CAGR	-25%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-65%	3%	14%	4%
ROE Average	1%	8%	8%	8%
ROCE Average	1%	7%	7%	7%

Filatex Fashions Balance Sheet

#(Fig in Cr.)	Mar 2023	Mar 2024
Shareholder’s Funds	83	2302
Minority’s Interest	0	0
Borrowings	65	51
Other Non-Current Liabilities	-0	-0
Total Current Liabilities	86	87
Total Liabilities	234	2441
Fixed Assets	3	5
Other Non-Current Assets	46	2233
Total Current Assets	184	202
Total Assets	234	2441

Filatex Fashions Cash Flow

#(Fig in Cr.)	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	7	2
Cash Flow from Operating Activities	-11	10
Cash Flow from Investing Activities	1	-2195
Cash Flow from Financing Activities	5	2184
Net Cash Inflow / Outflow	-5	-2
Closing Cash & Cash Equivalent	2	1

Filatex Fashions Ratios

#	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.25	0.01
CEPS(Rs)	0.26	0.01
DPS(Rs)	0	0
Book NAV/Share(Rs)	1.71	2.76

Filatex Fashions Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	1.54	1.54	1.57	1.57	1.57	1.57	24.81	24.81	24.82	24.82
FII	0	0	0.72	0.72	0.71	0.71	0	0	0	0.02
DII	0	0	0	0	0	0	0	0	0	0
Public	98.46	98.46	97.71	97.71	97.72	97.72	75.19	75.19	75.18	75.17
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

8. Davangere Sugar

Current Price: ₹6.82
Market Cap: ₹640 Cr
P/E Ratio: 53.09

Seasonality and government sugar production regulations affect Davangere Sugar business. Despite market volatility, the company operations are stable.

Is the Stock Good to Buy? Yes, especially for those looking at commodities that can benefit from seasonal demand spikes.

Share Price Target: A target of around ₹8 ₹9 is reasonable given current sugar prices and demand trends.

Expert Forecast: Experts suggest that favorable government policies supporting sugar prices could enhance Davangere Sugar profitability in the future.

9. FCS Software

Current Price: ₹3.60
Market Cap: ₹613 Cr

P/E Ratio: 77.79

FCS Software offers IT services and solutions, although its stock has fluctuated. Its high P/E ratio suggests speculative interest and operational hazards.

Is the Stock Good to Buy? Caution is advised; it is suitable for investors who understand the IT sector dynamics.

Share Price Target: A conservative target of around ₹4 ₹5 could be realistic based on upcoming projects or contracts secured by the company.

Expert Forecast: Analysts recommend closely monitoring FCS Software project pipeline; successful contract wins could lead to price appreciation over time.

Quarterly Price

Financial Year	Close Price	% Return	Q1	Q2	Q3	Q4
FY-2012	0.4	–	–	–	–	–
FY-2013	0.2	-50.0 %	0.0 %	-12.5 %	0.0 %	-42.9 %
FY-2014	0.4	75.0 %	25.0 %	-20.0 %	25.0 %	40.0 %
FY-2015	0.3	-14.3 %	42.9 %	-20.0 %	-37.5 %	20.0 %
FY-2016	0.3	0.0 %	-16.7 %	100.0 %	-10.0 %	-33.3 %
FY-2017	0.3	-16.7 %	16.7 %	-28.6 %	20.0 %	-16.7 %
FY-2018	0.4	60.0 %	-20.0 %	-100.0 %	–	–
FY-2019	0.3	-37.5 %	-37.5 %	-20.0 %	25.0 %	0.0 %
FY-2020	0.2	-40.0 %	0.0 %	-20.0 %	25.0 %	-40.0 %
FY-2021	0.7	333.3 %	400.0 %	-46.7 %	125.0 %	-27.8 %
FY-2022	3.9	506.2 %	184.6 %	-29.7 %	273.1 %	-18.8 %
FY-2023	2.0	-49.0 %	-24.6 %	-9.1 %	3.3 %	-28.0 %
FY-2024	3.7	82.1 %	6.5 %	20.1 %	60.3 %	-11.2 %
FY-2025	3.5	-5.7 %	9.3 %	-6.8 %	-7.5 %	–

Peer Comparison

#	Company	CMP	M Cap	52W High	52W Low	PE	PB	ROCE Last Yr	ROE Last Yr	PAT TTM	Div Yield
1	Tata Consultancy Services Ltd.	4108.0	1486310	4585.9	3313.0	31.3	16.5	69.5	51.0	47659	1.9
2	Infosys Ltd.	1953.2	810997	1976.9	1352.0	30.3	9.3	44.6	32.5	26677	3.1
3	HCL Technologies Ltd.	1859.2	504538	1864.0	1215.7	30.0	7.5	31.1	23.7	16842	3.4
4	Wipro Ltd.	536.6	280694	580.0	375.0	25.1	3.8	17.6	14.7	11291	0.2
5	LTIMindtree Ltd.	6468.8	191595	6575.0	4518.4	41.9	9.7	34.1	25.6	4567	1.3
6	Tech Mahindra Ltd.	1672.8	163653	1697.2	1089.0	58.7	5.6	12.0	8.9	2553	3.2
7	Oracle Financial Services Software Ltd.	11808.2	102429	12619.0	3870.0	43.8	13.2	39.8	29.5	2335	2.7
8	Persistent Systems Ltd.	5612.2	86456	5635.0	2814.4	73.8	18.3	31.3	25.9	1171	0.7
9	Mindtree Ltd.	3433.4	56613	0.0	0.0	29.9	10.4	46.2	33.9	1891	0.9
10	L&T Technology Services Ltd.	5284.5	55930	5990.0	4107.2	42.8	10.7	38.0	27.3	1308	0.9

FCS Software Soltns. Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	10	8	9	9	8	9	9	9	10	9
Other Income	0	1	1	1	0	1	0	0	8	2
Total Income	10	9	10	10	9	9	10	9	18	11
Total Expenditure	8	8	8	7	7	7	7	7	7	7
Operating Profit	3	1	2	2	2	2	2	3	11	4
Interest	1	0	0	0	0	1	0	0	5	1
Depreciation	1	1	1	1	2	1	1	1	1	1
Exceptional Income / Expenses	-1	0	0	0	0	0	-6	-6	-7	0
Profit Before Tax	-0	0	1	1	0	1	-5	-4	-2	2
Provision for Tax	0	0	0	0	0	0	0	1	-1	0
Profit After Tax	-0	0	1	1	0	1	-6	-5	-1	1
Adjustments	-0	-0	-0	0	0	-0	0	-0	-0	-0
Profit After Adjustments	-0	0	1	1	0	1	-6	-5	-1	1
Adjusted Earnings Per Share	-0	0	0	0	0	0	-0	-0	-0	0

FCS Software Soltns. Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	134	79	42	37	34	40	37	34	35	35	37	37
Other Income	5	6	11	10	7	2	3	3	2	2	9	10
Total Income	139	86	53	47	41	43	41	37	36	37	46	48
Total Expenditure	148	80	47	44	36	37	40	28	29	29	29	28
Operating Profit	-9	5	6	3	5	6	1	8	8	8	16	20
Interest	1	1	5	1	0	1	3	2	2	2	6	6
Depreciation	48	48	47	47	62	169	18	5	4	4	4	4
Exceptional Income / Expenses	-0	-0	0	0	0	0	-3	-13	-1	0	-19	-19
Profit Before Tax	-58	-44	-45	-45	-57	-165	-23	-12	0	2	-12	-9
Provision for Tax	0	1	1	1	1	1	1	1	0	1	-0	0
Profit After Tax	-58	-45	-46	-46	-58	-166	-24	-12	-0	1	-12	-11
Adjustments	0	0	0	0	0	-7	-0	0	0	0	-2	0
Profit After Adjustments	-58	-45	-46	-45	-58	-172	-24	-12	-0	1	-14	-11
Adjusted Earnings Per Share	-0.3	-0.3	-0.3	-0.3	-0.3	-1	-0.1	-0.1	-0	0	-0.1	0

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	6%	3%	-2%	-12%
Operating Profit CAGR	100%	26%	22%	0%
PAT CAGR	-1300%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	24%	29%	77%	24%
ROE Average	-6%	-2%	-5%	-14%
ROCE Average	-3%	0%	-3%	-12%

FCS Software Soltns. Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder’s Funds	532	493	398	356	341	342	304	297	348	359	429
Minority’s Interest	0	0	0	3	3	0	0	0	0	0	11
Borrowings	1	0	1	0	3	27	24	22	19	15	0
Other Non-Current Liabilities	-0	-0	-1	0	0	4	4	4	4	4	3
Total Current Liabilities	18	17	30	36	27	10	8	10	8	10	12
Total Liabilities	550	510	428	396	375	384	341	333	378	389	454
Fixed Assets	275	239	232	197	197	213	211	205	42	39	69
Other Non-Current Assets	121	170	121	160	128	134	118	107	328	340	357
Total Current Assets	108	62	45	16	27	25	12	21	8	10	28
Total Assets	550	510	428	396	375	384	341	333	378	389	454

FCS Software Soltns. Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	37	34	43	33	5	11	14	3	3	3	2
Cash Flow from Operating Activities	-0	5	18	-9	68	-1	-5	4	4	2	15
Cash Flow from Investing Activities	-30	2	32	-13	-57	-19	-3	1	1	2	9
Cash Flow from Financing Activities	26	3	-60	-6	-5	23	-3	-5	-5	-5	-25
Net Cash Inflow / Outflow	-4	9	-10	-28	6	3	-11	0	-0	-1	-1
Closing Cash & Cash Equivalent	34	43	33	5	11	14	3	3	3	2	2

FCS Software Soltns. Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	-0.35	-0.27	-0.28	-0.27	-0.34	-1.01	-0.14	-0.07	-0	0.01	-0.08
CEPS(Rs)	-0.06	0.02	0	0.01	0.02	0.02	-0.03	-0.05	0.02	0.03	-0.05
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	2.93	2.72	2.19	1.94	1.97	1.11	1.04	0.97	0.97	0.97	1.48

FCS Software Soltns. Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	19.65	19.65	19.65	19.65	19.65	19.65	19.65	19.65	19.65	19.65
FII	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.04	0
DII	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Public	80.28	80.28	80.28	80.28	80.28	80.29	80.29	80.3	80.27	80.31
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

10. Remedium Life

Current Price: ₹8.65

Market Cap: ₹348 Cr
P/E Ratio: 15.01

Remedium Life makes health goods and services in demand as global health awareness grows.

Is the Stock Good to Buy? Yes, given the growing healthcare sector potential and Remedium positioning within it.

Share Price Target: Analysts suggest a target of approximately ₹10 ₹12 within the next year based on increasing demand for healthcare products.

Expert Forecast: Experts believe that as healthcare spending rises globally, Remedium Life stands poised for significant growth opportunities.

Quarterly Price

Financial Year	Close Price	% Return	Q1	Q2	Q3	Q4
FY-2019	0.1	–	–	-100.0 %	–	-100.0 %
FY-2021	0.4	–	–	–	–	-6.9 %
FY-2022	1.2	214.8 %	132.2 %	23.6 %	10.1 %	-0.4 %
FY-2023	6.6	432.6 %	-0.3 %	-0.5 %	2.4 %	424.2 %
FY-2024	27.1	311.9 %	492.2 %	-8.4 %	-29.8 %	8.2 %
FY-2025	8.2	-70.0 %	-44.6 %	-40.6 %	-8.7 %	–

Peer Comparison

#	Company	CMP	M Cap	52W High	52W Low	PE	PB	ROCE Last Yr	ROE Last Yr	PAT TTM	Div Yield
1	Adani Enterprises Ltd.	3118.0	355452	3743.0	2142.3	88.4	9.8	11.8	9.5	4227	0.0
2	Redington Ltd.	180.7	14127	237.3	136.2	11.6	1.9	23.6	17.1	1200	3.0
3	Honasa Consumer Ltd.	425.0	13805	546.5	256.1	82.6	12.9	18.3	0.0	126	0.0
4	MMTC Ltd.	83.5	12520	131.9	49.8	59.6	7.7	11.9	12.7	97	0.0
5	Lloyds Enterprises Ltd.	50.1	6372	51.8	27.3	55.1	3.8	15.3	13.1	177	0.4
6	Optiemus Infracom Ltd.	722.0	6199	873.6	218.4	104.2	14.5	17.3	14.0	57	0.0
7	Entero Healthcare Solutions Ltd.	1294.5	5630	1516.4	974.4	44.9	3.4	7.0	5.1	55	0.0
8	MSTC Ltd.	702.5	4946	1165.0	417.2	22.9	5.6	34.7	24.4	223	1.9
9	SG Mart Ltd.	427.0	4785	638.5	355.6	53.2	4.8	14.5	12.1	86	0.0
10	Jeena Sikho Lifecare Ltd.	1568.9	3900	1645.0	566.0	0.0	20.3	59.1	43.5	0	0.5

Remedium Lifecare Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	40	99	158	176	76	330	469	1834	1408	78
Other Income	0	0	2	0	0	0	4	14	3	2
Total Income	40	99	160	177	76	330	473	1848	1411	80
Total Expenditure	41	93	156	175	78	323	462	1779	1444	77
Operating Profit	-1	7	4	2	-3	7	10	69	-32	2
Interest	0	0	0	0	-0	0	0	0	4	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	-2	0	0	0	0	0	0	0
Profit Before Tax	-1	6	2	2	-3	7	10	69	-36	2
Provision for Tax	0	0	0	0	2	2	4	0	18	1
Profit After Tax	-1	6	2	2	-5	5	7	69	-54	2
Adjustments	0	0	0	-0	0	-0	0	0	0	0
Profit After Adjustments	-1	6	2	2	-5	5	7	69	-54	2
Adjusted Earnings Per Share	-0	0.2	0.1	0	-0.1	0.1	0.2	1.7	-1.3	0

Remedium Lifecare Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	3	2	4	1	0	0	3	90	505	510	4042	3789
Other Income	0	1	0	0	0	0	0	0	0	1	21	23
Total Income	3	3	4	1	0	0	3	90	505	511	4063	3812
Total Expenditure	3	2	4	1	0	0	3	89	503	503	4008	3762
Operating Profit	0	1	0	0	0	0	0	1	2	8	55	49
Interest	0	0	0	0	0	0	0	0	0	0	5	4
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	1	0	0	0	0	0	1	2	7	50	45
Provision for Tax	0	0	0	0	0	0	0	0	0	2	18	23
Profit After Tax	0	1	0	0	0	0	0	0	1	5	33	24
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	0	1	0	0	0	0	0	0	1	5	33	24
Adjusted Earnings Per Share	0	0	0	0	0	0	0	0	0	0.1	0.8	0.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	693%	255%	0%	106%
Operating Profit CAGR	588%	280%	0%	0%
PAT CAGR	560%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-72%	92%	112%	NA%
ROE Average	123%	73%	48%	24%
ROCE Average	100%	73%	48%	24%

Remedium Lifecare Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder’s Funds	2	3	3	3	3	3	3	4	5	10	43
Minority’s Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	11	0	0	0
Other Non-Current Liabilities	0	-0	-0	0	-0	-0	0	0	0	-0	-0
Total Current Liabilities	5	3	2	0	0	0	1	24	219	1144	1905
Total Liabilities	7	6	5	3	3	4	4	39	224	1154	1948
Fixed Assets	1	1	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	1	1	1	1	1	0	0	0	0	0	0
Total Current Assets	5	3	4	2	2	4	4	38	224	1154	1948
Total Assets	7	6	5	3	3	4	4	39	224	1154	1948

Remedium Lifecare Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	0	0	0	0	0	0	1	1	1	1	22
Cash Flow from Operating Activities	-0	0	-1	0	-0	-0	-0	-10	11	21	-74
Cash Flow from Investing Activities	0	0	1	0	0	1	-0	-0	-0	-0	0
Cash Flow from Financing Activities	0	-0	-0	-0	-0	0	0	10	-11	-0	54
Net Cash Inflow / Outflow	0	-0	0	0	-0	1	-0	-0	1	20	-20
Closing Cash & Cash Equivalent	0	0	0	0	0	1	1	1	1	22	2

Remedium Lifecare Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0	0.01	0	0	0	0	0.01	0.01	0.03	0.13	0.81
CEPS(Rs)	0.01	0.01	0.01	0	0	0.01	0.01	0.01	0.03	0.14	0.81
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	0.06	0.08	0.08	0.08	0.08	0.08	0.08	0.1	0.12	0.26	1.07

Remedium Lifecare Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	1.11	1.11	1.11	1.11	1.11	1.11	1.11	1.11	1.11	1.11
FII	0	0	0	0	0.04	0.08	0.04	0.04	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	98.89	98.89	98.89	98.89	98.85	98.81	98.85	98.85	98.89	98.89
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

Benefits of Investing in Stocks Under ₹10 in India

Low priced shares provide several benefits for rookie and experienced investors:

These stocks enable investors to join the market without a significant investment. This accessibility lets people from different financial backgrounds invest in equities and diversify portfolios.
Cheap stocks frequently belong to smaller businesses with greater growth potential than larger ones. Investors prepared to take measured risks might profit from even little stock price rises by buying in bulk at lower prices.

Low priced shares provide diversity across industries without straining one budget, reducing portfolio risk.
The speculative character of many low priced stocks allows them to change quickly according to market sentiment or corporate news. These stocks may be profitable for short term traders or those comfortable with volatility.

Factors to Consider When Investing in Low Price Shares

Investment in low priced shares has several advantages, but investors should examine many vital aspects before investing:

Investors should analyze firm fundamentals, including revenue growth, profit margins, and debt levels, before investing in a stock.
Staying abreast of market trends affecting stock performance is essential for long term investing success.
Valuation indicators like P/E ratios may assist in finding cheap possibilities by comparing a stock price to its earnings potential and industry norms.

Having enough trading volume for a company helps investors purchase or sell shares without price changes, which is especially important for volatile, lower priced equities.
Finally, learning your risk tolerance is essential when investing in speculative assets like low priced shares. Knowing your comfort level with potential losses will help you plan for market fluctuations and realistically expect returns on investment.

Conclusion

India dynamic market offers intriguing chances for rookie and seasoned investors to participate in low priced shares under ₹10 per share.

Before investing, it is essential to do extensive research and analysis to limit these companies’ volatility and position oneself competitively in this distinct section of equities.

By understanding these investments’ benefits and critical factors affecting their performance, you can make more informed decisions that align with your financial goals and navigate this intriguing space effectively, paving the way for future equity market success!

FAQs

Stocks selling below ₹ 10 are considered low priced and frequently connected with smaller enterprises or those suffering financial troubles.

Yes, their volatility and the financial condition of the firms behind them make them riskier; rigorous examination is needed before investing.

Before making judgments, consider firm fundamentals like revenue growth patterns and market positioning, valuation measures like P/E ratios, and risk tolerance.

Yes! If chosen intelligently, these volatile stocks may provide high profits, but you must be mindful of the hazards.

Many low-priced shares don’t pay dividends; instead, the company reinvests earnings in growth—check company policy before investing!