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.
LIC cuts stake in 16 PSU stocks as portfolio soars to Rs 14 lakh crore
LIC cuts stakes in 16 PSUs, profit booking seen. Portfolio value surges to Rs 14 lakh crore in 2024, up by Rs 1.6 lakh crore.
April 25, 2024