Are you looking for best debt-free stocks under ₹10? Than you’ve come to the right place! We’ve scoured the market to find stocks priced below ₹10 that, at the time of writing, are completely debt-free.
Discovering and investing in a promising penny stock could lead to significant future returns. However, penny stocks are inherently risky. Before diving in, always conduct a thorough fundamental analysis of the company.
If you’re searching for debt-free penny stocks priced under ₹10, you’re in the right place. Penny stocks offer the potential for significant returns, but they also come with high risk.
This guide lists some debt-free penny stocks under ₹10 and provides short insights into each company’s fundamentals. Always analyze a company’s performance and consult with a financial advisor before investing.
Top Debt-Free Penny Stocks Under ₹10
Here’s a curated list of companies with stock prices below ₹10, which are debt-free as of the time of writing:
1. Zenith Healthcare Limited
- Founded: 1994
- Sector: Pharmaceuticals
- Headquarters: Ahmedabad, Gujarat
- Share Price: ₹3.98
- Market Cap: ₹21.39 Cr
Key Insights:
- Debt-free as of the time of this article.
- Revenue for 2023: ₹3.49 Cr (up 36.97% YoY).
- Net Income for 2023: ₹11.39 Lakh (up 64.16% YoY).
Note: Evaluate the company’s fundamentals and market trends before investing.
2. TeleCanor Global Limited
- Founded: 1991
- Sector: IT and Technology
- Share Price: ₹6.06
Key Insights:
- Traded at ₹17 per share in 2022.
- Net Income for 2023: ₹13.9 Lakh.
Caution: Analyze the company’s current performance before investing.
3. Croissance Limited
- Founded: 1994
- Sector: Food & Beverages
- Headquarters: Bengaluru, Karnataka
- Share Price: ₹6.07
- Market Cap: ₹41.61 Cr
- P/E Ratio: 41.97
Key Insights:
- Revenue for 2020: ₹15.78 Lakh.
- Net Income for 2023: ₹7.94 Lakh.
Recommendation: Perform a thorough fundamental analysis to assess future prospects.
4. Richirich Inventures Ord Shs Limited
- Founded: 1986
- Sector: Financial Investments
- Headquarters: Mumbai, Maharashtra
- Share Price: ₹8.63
Key Insights:
- Revenue for 2023: ₹3.2 Lakh.
- Net Income for 2023: ₹1.29 Lakh.
Note: Despite stable average returns, long-term performance should be reviewed.
5. Pratik Panels Ord Shs
- Founded: 1989
- Sector: Manufacturing
- Headquarters: Bhiwandi, Maharashtra
- Share Price: ₹9.28
Key Insights:
- Stock has traded below ₹10 since its inception.
- Offers steady average returns over the years.
Caution: Review financial reports and conduct a detailed analysis before investing.
Comparison Table: Debt-Free Penny Stocks Under ₹10
| Stock Name | Share Price (₹) | Market Cap (₹ Cr) | Key Sector |
|---|---|---|---|
| Zenith Healthcare Limited | 3.98 | 21.39 | Pharmaceuticals |
| TeleCanor Global Limited | 6.06 | – | IT and Technology |
| Croissance Limited | 6.07 | 41.61 | Food & Beverages |
| Richirich Inventures Limited | 8.63 | – | Financial Investments |
| Pratik Panels Ord Shs | 9.28 | – | Manufacturing |
FAQs: Debt-Free Penny Stocks Under ₹10
1. What are penny stocks?
Penny stocks are low-priced shares of small-cap companies that are often highly volatile and risky.
2. Are penny stocks safe to invest in?
Penny stocks come with higher risk due to limited liquidity and less transparent financials. Conduct thorough research before investing.
3. Which are some debt-free penny stocks under ₹10?
Some debt-free penny stocks under Rs 10 include:
- Zenith Healthcare Limited
- TeleCanor Global Limited
- Croissance Limited
- Richirich Inventures Limited
- Pratik Panels Ord Shs
Conclusion
Investing in penny stocks can offer significant returns but also carries substantial risks. The stocks listed above are debt-free and priced under ₹10, making them potential candidates for investors looking for low-cost opportunities.
Pro Tip: Always analyze a company’s fundamentals, financial performance, and market trends before making investment decisions. Consult with a financial advisor to align your investment with your financial goals.
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