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.
Year-ender 2024: FII selling crosses Rs 1 lakh crore in 2 sectors. Will 2025 see a U-turn?
Foreign Portfolio Investors (FPIs) focused on selling financials and oil & gas stocks in 2024, resulting in significant sectoral outflows. Outlook for 2025 suggests moderate
December 22, 2024