Stocks Under 10 Rs.

While starting your journey in the stock market you don’t need to spend a lot of money. We the 5paisa Research team have selected a list of stocks that have a price of less than Rs.10 per share, which have a very good potential to grow in the time ahead. The stocks which are mentioned in the list are chosen after analyzing price trends, news, speculation, and fundamental analysis.

Top 5 Stocks Under 10 Rs.

Last Updated: Dec 19, 2023

1) RattanIndia Power

About the company: RattanIndia Power Limited is the flagship company of Rattanindia Group for its new age growth businesses. The company is focused on businesses with cutting edge technologies which have the potential to transform the lives of billions plus Indians. RattanIndia Enterprises Limited comprises tech focused new age businesses including e-commerce, electric vehicles, fintech and drones.

Positives: 

- The company is having positive cash flows

Negatives:

- The company has a low-interest coverage ratio
- The promoters have pledged 89.0% of their holding

Rattanindia Power Share Price

2) Kanani Industries

About the company: Kanani Industries Ltd is engaged in the business of manufacturing & export of Diamond Studded Jewelry.

Positives:

- Company with low debt
- The company have zero promoter pledge
- Strong Annual EPS growth

Negatives: 

- The company has delivered a poor sales growth of -8.06% over the past five years.
- The company has a low return on equity of 1.38% over the last 3 years.
- The company might be capitalizing on the interest cost

Kanani Industries Share Price

3) Sarveshwar Foods Ltd.

About the companySarveshwar Foods Limited is engaged in the manufacturing, trading and export of Basmati rice, which is a long grain rice with a fine texture.

Positives:

- The number of debtor days decreased from 123 to 93.3 days.


Negatives:

- The company's interest coverage ratio is poor.
- The promoter holding is down -0.83% from the previous quarter.
- Over the previous five years, the company's revenue growth has been a poor at 7.47%.

Sarveshwar Foods Share Price

4) Bhandari Hosiery Exports Ltd.

About the company: Bhandari Hosiery Exports is engaged in the textile business. Business activities include design and development to knitting, dyeing, and finishing of fabrics and garments. The broad range of offerings, technical expertise, international reach and state-of-the-art in-house manufacturing facility, allow customers to get the design solutions they need.

Positives:

- Stock is trading at 0.81x its book value

Negatives:

- The interest coverage ratio for the company is low.
- Over the previous five years, the company's sales growth was only 5.77%, which is poor.
- Low promoter ownership: 25.0%

Bhandari Hosiery Exports Share Price

5) Prakash Steelage Ltd.

About the company: Prakash Steelage Limited is a leading manufacturer of High Quality Stainless Steel Welded Pipes, Tubes & U-tubes. The customer base includes a diverse set of industries including Oil & Gas, Power, Pharmaceutical, Petrochemical, Sugar, Dairy, Automobile, Desalination etc. Our products have found wide acceptance in the markets of North America, South East Asia, Africa, Middle-East and Europe.

Positives: 

- The business has decreased its debt.
- Over the past five years, the company has produced strong profit growth of 24.2% CAGR.
- The number of days owed has decreased from 73.5 to 30.8.

Negatives: 

- Over the last five years, the company has delivered a dismal sales growth of -20.5%.
- Low promoter ownership: 33.4%
- Earnings also include 126 crore rupees in other income.
- Over the past three years, promoter holding has decreased: -14.8%

Prakash Steelage Share Price

 
 
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