Welcome to our Best Share to Buy Now Series:- Today, we’re focusing on the India 5 Best Multibagger Penny Stocks Under 100 RS in 2024. These low-priced shares, often trading under 100 Rs, have the potential to skyrocket and deliver staggering returns to savvy investors.
If you’re planning to invest or have an interest in the Best Multibagger Penny Stocks Under 100 RS in 2024, then this article is for you. Make sure to read till the end because we will explore the top Best Multibagger Penny stocks to buy now and seize the opportunities that lie ahead.
Best Multibagger Penny Stocks Under 100 RS
In the realm of stock investing, the allure of penny stocks under 100 rupees can be tantalizing for many investors, particularly those seeking high returns on a modest investment. These stocks, often referred to as multi-baggers, have the potential to yield significant profits over time.
These low-priced equities, often overshadowed by their higher-priced counterparts, hold a unique appeal for investors seeking exponential returns on modest investments. So, let’s explore the 5 Best Penny Stocks Under 100 RS. Let’s take a closer look at the top Multibagger Penny Stocks to keep on your watchlist.
1. Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is a subsidiary of Ujjivan Financial Services Ltd., which was initially a microfinance institution. Ujjivan Small Finance Bank primarily serves the financial needs of underserved and unbanked populations, including low-income individuals and small businesses, with a market capitalization of ₹11,231 Crores With a current price of ₹57.4 per share.
The company’s With a Price/Earnings (P/E) ratio of 8.90 and a book value of ₹20.5 per share, Ujjivan stands out as an attractive option. Additionally, its dividend yield of 2.18% and Return on Capital Employed (ROCE) of 10.6% indicate stability and potential for growth.
Ujjivan’s performance over the years is commendable. The company has demonstrated a remarkable profit growth of 176% CAGR over the last five years. Its median sales growth over the past decade stands at 24.8%, reflecting consistent expansion and market presence.
Analyzing the quarterly results, Ujjivan’s revenue has shown a steady increase from ₹688 crores in December 2020 to ₹1,471 crores in December 2023. Despite fluctuations, the company has maintained a positive financing margin, ranging from -21% to 25% over the quarters, indicating its ability to generate profits.
In terms of profitability, Ujjivan has displayed resilience. Despite occasional dips, the company has consistently delivered profits, with earnings per share (EPS) ranging from -₹1.61 to ₹1.68 over the past quarters. That’s Why These Are the Multibagger Penny Stocks Under 100 RS in 2024 to Keep on Your Watchlist.
2. Trident
Trident is a diversified company engaged in manufacturing, trading, and selling various products including yarn, terry towels, bed sheets, paper, and chemicals With a market capitalization of ₹22,576 Crores and a current price of ₹44.3.
The company has maintained a healthy dividend payout of 41.3%, which is a crucial factor for many investors seeking regular returns on their investments. Moreover, Trident’s debtor days have shown improvement, decreasing from 26.5 to 15.9 days, indicating efficient management of receivables.
Trident’s quarterly results also reflect its resilience and growth trajectory. Despite fluctuations in the market, the company has demonstrated steady sales figures, with a compounded sales growth of 10% over the past three years. Additionally, Trident has managed to keep its operating profit margins (OPM %) healthy, ranging between 16% to 26% over the quarters.
Furthermore, Trident’s financial performance over the years showcases its ability to adapt and thrive in varying market conditions. The company has shown compounded profit growth of 9% over the past three years, indicating its consistency in generating profits for its shareholders. That’s Why These Are the Multibagger Penny Stocks Under 100 RS in 2024 to Keep on Your Watchlist.
3. Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is a financial institution in India that operates as a small finance bank. Utkarsh Small Finance Bank offers a range of banking products and services including savings accounts, current accounts, fixed deposits, loans, and other banking services tailored to the needs of underserved segments of the population with its market capitalization standing at ₹6,822 crores and a current price of ₹62.1.
The bank’s financials show a promising trend, with a steadily increasing revenue across quarters. From March 2022 to December 2023, the revenue has seen a consistent rise from ₹536 crores to ₹806 crores. Moreover, the net profit has been on an upward trajectory, reflecting the bank’s potential for growth.
Examining its profitability metrics, Utkarsh Small Finance Bank displays a respectable Return on Equity (ROE) of 22.6% as of the last reported quarter. Additionally, its Profit & Loss statement illustrates a turnaround in profitability, with the bank reporting a net profit of ₹116 crores in December 2023, compared to ₹61 crores in March 2022.
Furthermore, the balance sheet of the bank reflects a consistent growth in assets over the years, indicating a robust financial position. With investments steadily increasing from ₹862 crores in March 2019 to ₹2,859 crores in March 2023, the bank is positioning itself for future growth opportunities. That’s Why These Are the Multibagger Penny Stocks Under 100 RS in 2024 to Keep on Your Watchlist.
4. TV18 Broadcast
TV18 Broadcast Limited is an Indian media and entertainment company. It operates various television channels covering news, entertainment, and regional content. TV18 Broadcast Limited is part of the Network18 Group, which is one of India’s leading media conglomerates With a market capitalization of ₹10,295 crores and a current stock price of ₹60.
TV18 Broadcast has demonstrated steady growth in its sales figures over the years. From ₹925 crores in March 2016 to ₹8,052 crores in December 2023, the company’s sales have surged, indicating its expanding market presence and revenue streams.
However, it’s essential to scrutinize the company’s profitability metrics. While TV18 Broadcast has shown improvement in its operating profit margins over the years, with an Operating Profit Margin (OPM) of 19% in March 2023, its net profit has been fluctuating. Factors such as interest expenses and depreciation have impacted its bottom line.
One notable aspect is the compounded sales growth and compounded profit growth, which reflect the company’s ability to expand its revenue and profit streams over the long term. Despite a recent downturn in profitability, TV18 Broadcast has showcased resilience in its sales growth trajectory. That’s Why These Are the Multibagger Penny Stocks Under 100 RS in 2024 to Keep on Your Watchlist.
5. Morepen Laboratories
Morepen Laboratories is a pharmaceutical company specializing in the development and manufacture of Active Pharmaceutical Ingredients (APIs), over-the-counter (OTC) drugs, and home diagnostics, with a market capitalization of ₹2,656 Crores.
The company’s product portfolio includes a wide range of pharmaceutical formulations, APIs, diagnostic products, and over-the-counter (OTC) drugs. Morepen Laboratories is known for its focus on research and development, quality manufacturing processes, and its commitment to providing affordable healthcare solutions.
the company’s nearly debt-free status, which can be an attractive feature for investors concerned about financial risk. Looking at its financial performance, Morepen Laboratories has showcased steady growth over the years, with its sales figures steadily climbing from ₹289 Crores in March 2012 to ₹1,631 Crores in March 2023, reflecting a compounded sales growth rate of 15% in the trailing twelve months (TTM).
Similarly, its profitability metrics demonstrate resilience and potential for growth. Despite some fluctuations, the company has maintained positive net profits, with earnings per share (EPS) ranging from ₹0.11 to ₹0.83 over the past year, indicating its ability to generate earnings for its shareholders.
Another crucial factor for investors is the shareholding pattern. Morepen Laboratories has a diverse shareholder base, with promoters holding around 38.22% of the company’s shares, while the public holds the majority, accounting for approximately 57.46%. This distribution signifies a balance of ownership and potential for democratic decision-making within the company. That’s Why These Are the Multibagger Penny Stocks Under 100 RS in 2024 to Keep on Your Watchlist.
The article “Best Multibagger Penny Stocks Under 100 RS in 2024” is intended for informational purposes only. The information provided in this article is based on the research analyst’s YouTube Multibagger Penny Stocks Under 100 Rs stocks list and should not be considered as financial advice.
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Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Sharedhan. We advise investors to check with certified experts before making any investment decisions.
