Penny stocks trading below ₹10 with robust fundamentals present unique opportunities for risk-tolerant investors seeking exponential growth.
While these stocks carry inherent volatility, companies with strong business models, healthy cash flows, and minimal debt can offer substantial returns as they navigate towards business expansion and potential market revaluation.
1. Cressanda Railway Solutions Ltd
Cressanda Railway Solutions Ltd focuses on delivering comprehensive solutions for railway infrastructure projects, aiming to improve operational efficiency and safety within the sector. The company provides project management, consultancy, and technical support, positioning itself as a key player in India’s railway modernisation efforts. By leveraging advanced technology and engineering services, Cressanda contributes significantly to the development of sustainable and efficient railway infrastructure.
The company aligns with governmental initiatives to advance infrastructure across India, focusing on high standards of quality and reliability. Cressanda’s expertise and innovative approach make it a trusted partner in the public and private railway sectors, supporting the country’s ambitions for a safer and more technologically advanced railway network.
Cressanda Railway’s revenue from operations has increased by 62.9 percent from Rs. 87 crore in FY23 to Rs. 205 crore in FY24. The company’s net profit has increased from Rs. 6 crore in FY23 to Rs. 14 crore in FY24, which is up by 150 percent.
The company exhibited robust sales growth of 160% (TTM) with profit growth of 228% (TTM). Return on equity was 9% last year, showing better than expected profit generation. With a market capitalisation of Rs. 334 crores, Cressanda Railway’s share price closed at Rs. 7.89 per equity share.
2. Ashapuri Gold Ornament Ltd
Ashapuri Gold Ornament Ltd is a prominent name in the Indian gold jewellery market, recognised for its high-quality craftsmanship and design variety. The company specialises in both traditional and contemporary gold jewellery, catering to diverse tastes and preferences across its clientele. With a focus on quality, each piece is meticulously crafted to meet customer expectations, reinforcing the brand’s reputation in the jewellery industry.
While primarily serving the Indian market, Ashapuri Gold Ornament Ltd also explores opportunities to expand its footprint internationally, showcasing Indian artisanship to a global audience. The company’s dedication to blending heritage with modern trends positions it well in the competitive jewellery sector.
Ashapuri Gold Ornament’s revenue from operations has increased by 4.43 percent from Rs. 158 crore in FY23 to Rs. 165 crore in FY24. The company’s net profit has increased from Rs. 2 crore in FY23 to Rs. 7 crore in FY24, which is up by 250 percent.
The company exhibited robust sales growth of 80% (TTM) with profit growth of 371% (TTM). Return on equity was 8% last year, showing moderate profit generation. With a market capitalisation of Rs. 300 crores, Ashapuri Gold Ornament’s share price closed at Rs. 9.2 per equity share.
3. Inventure Growth & Securities Ltd
Established on June 22, 1995, Inventure Growth & Securities Ltd is a publicly listed company offering a broad spectrum of financial services, including stock broking, depository services, and wealth management.
The company operates under the Securities and Exchange Board of India (SEBI) and has expanded its services across asset classes such as mutual funds, real estate, and commodities. Serving over 75,000 clients through a network of 233 locations, Inventure has a substantial presence in India’s financial services industry. Headquartered in Mumbai, the firm’s commitment to innovation and client satisfaction has solidified its position as a leading provider of comprehensive financial solutions.
Inventure Growth & Securities’s revenue from operations has increased by 56.4 percent from Rs. 39 crore in FY23 to Rs. 61 crore in FY24. The company’s net profit has increased from Rs. 9 crore in FY23 to Rs. 12 crore in FY24, which is up by 33 percent.
The company exhibited robust sales growth of 41% (TTM) with profit growth of 107% (TTM). Return on equity was 7% last year, showing moderate profit generation. With a market capitalisation of Rs. 223 crores, Inventure Growth & Securities’s share price closed at Rs. 2.15 per equity share.
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4. Surat Trade & Merchantile Ltd
Surat Trade & Merchantile Ltd operates within the trading sector, with a primary focus on commodities and a range of other goods. The company is actively involved in import-export activities, aiming to streamline trade operations through efficient logistics and supply chain management. By leveraging its expertise in trade, Surat Trade & Merchantile caters to the increasing demand for goods in both domestic and international markets.
The company’s strategic approach to trade facilitation allows it to remain competitive and responsive to market demands, positioning it for growth in the dynamic landscape of global commerce.
Surat Trade & Merchantile’s revenue from operations has increased by 144 percent from Rs. 25 crore in FY23 to Rs. 61 crore in FY24. The company’s net profit has reduced from Rs. 62 crore in FY23 to Rs. 9 crore in FY24, which is up by 85 percent.
The company exhibited moderate sales growth of 35% (TTM) with profit growth of 108% (TTM). Return on equity was 5% last year, showing moderate profit generation. With a market capitalisation of Rs. 185 crores, Surat Trade & Merchantile’s share price closed at Rs. 8.42 per equity share.
5. Rajnish Wellness Ltd
Rajnish Wellness Ltd is dedicated to the health and wellness industry, focusing on natural health solutions to improve quality of life. The company’s offerings include dietary supplements, herbal products, and wellness programs designed to meet the needs of modern lifestyles. Emphasising a holistic approach to health, Rajnish Wellness strives to provide products that cater to the growing demand for natural and preventive health solutions.
The company’s mission to promote wellness resonates with consumers seeking sustainable and effective health choices, positioning Rajnish Wellness as a reliable brand in the wellness industry.
Rajnish Wellness revenue from operations has increased by 198 percent from Rs. 25.72 crore in FY23 to Rs. 76.68 crore in FY24. The company’s net profit has increased from Rs. 0.46 crore in FY23 to Rs. 1.03 crore in FY24, which is up 123 percent.
The company exhibited robust sales growth of 103% (TTM) with profit growth of 738% (TTM). Return on equity was 1% last year, showing moderate profit generation. With a market capitalisation of Rs. 150 crores, Rajnish Wellness share price closed at Rs. 1.85 per equity share.
Written By Fazal Ul Vahab C H
Disclaimer
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