The general belief is that debt is essential for a company to bring in fresh money for growth. The problem occurs only when the management is not able to manage its debt level efficiently. It will be an ideal scenario if the company balances the debt levels and at the same time is able to fuel the company’s sales and profit numbers.For analysis, we picked only companies whose FY21 debt value was over Rs 100 crore and in FY22 it was able to reduce the total debt level by 50 per cent or more on a year-on-year basis. At the same time, the company’s sales and profit growth numbers rose over 25 per cent in FY22 itself. We considered companies with a market cap of over Rs 1000 crore. From the BSE universe, 10 stocks have made the cut and interestingly 5 of them have given a minimum of double-digit returns to their investors in FY23 so far.
Top 10 PSU performers in CY24. Here’s how much they have returned
As we are at the fag end of 2024, a look back at the performance of PSU stocks shows BSE PSU index delivering nearly 29%
December 21, 2024