Top Stocks Under Rs 1500: Many people start investing in the stock market with a low sum of money. However, in hopes of getting a good number of stocks, they end up buying penny stocks that are risky. After a fair share of rookie mistakes, they realize that they’ll have to invest in stocks that are fundamentally strong and may come at a higher price.
With time, these investors start stepping up the amount that they invest in stocks. And there comes a time when they’re willing to buy stocks for as much as Rs 1500 apiece. In this article, we shall take a look at the top stocks under Rs 1500.
Top Stocks Under Rs 1500
There are thousands of stocks listed on bse and nse with a share price between Rs 0 to Rs 1500. Here is the list of top stocks under Rs 1500.
Top Stocks under Rs 1500 #1 – Infosys Ltd.
From a capital of US $ 250, Infosys has grown to become a US $ 77.88 billion company. Established in 1981, Infosys is an Indian consulting and IT services company. It is a global leader in next-generation digital services and consulting, with clients in more than 50 countries.
In a journey of over 40 years, Infosys played a pivotal role that led to India’s emergence as the global destination for software services talent. It is the first IT Company from India to be listed on NASDAQ.
Financials
| Particulars | Values |
|---|---|
| Face Value (₹) | 5 |
| EPS (₹) | 52.94 |
| Debt to Equity | 0 |
| ROE (%) | 29.34 |
| Current Ratio | 2 |
| Market Cap (Cr) | 585,014 |
| Promoter’s Holdings (%) | 13.11 |
| Dividend Yield (%) | 2.23 |
| Stock P/E (TTM) | 26.26 |
| Net Profit Margin | 18.2 |
- Infosys Limited is a large-cap company with a market capitalization of ₹ 5,85,014 crores. Its shares were trading at ₹ 1390.30 at the time of writing this article. The company’s shares have a face value of ₹ 5 and are trading almost at par with the sector PE. It has a good dividend yield of 2.23%.
- The IT major has witnessed an increasing trend in its revenue and net profit, in spite of the pandemic. Its sales grew at a 3-year CAGR of 21.30%, while its net profit grew at a 3-year CAGR of 19.88%. However, its net profit margin has decreased over a period of five years from 22.82% in 2018 to 18.20% in 2022.
- Infosys has very good return ratios and has substantially surpassed the ideal levels. It has a return on equity (ROE)of 29.34%, indicating that it efficiently uses its shareholder’s equity to generate income. Further, it has an excellent return on capital employed (ROCE)of 35.96%, and this suggests that Infosys generates more profit per rupee of capital employed.
- The company has an ideal debt-to-equity ratio of 0. The company has a low promoter holding of 13.11%. On the bright side, its promoters have not pledged their shares.
Top Stocks under Rs 1500 #2 – Havells India Ltd.
Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) company. In addition, it is a major power distribution equipment manufacturer with a strong global presence. It is the owner of brands like Lloyd, Crabtree, Standard, Havells & REO functioning in different product segments.
Some of the major products in its portfolio include switchgear, cables, lighting and fixtures, and electric consumer durables.
Financials
| Particulars | Values |
|---|---|
| Face Value (₹) | 1 |
| EPS (₹) | 19.22 |
| Debt to Equity | 0.07 |
| ROE (%) | 19.93 |
| Current Ratio | 1.82 |
| Market Cap (Cr) | 82282 |
| Promoter’s Holdings (%) | 59.45 |
| Dividend Yield (%) | 0.57 |
| Stock P/E (TTM) | 68.33 |
| Net Profit Margin | 8.58 |
- Havells India Ltd. is a large-cap company with a market capitalization of ₹ 82,282 crores. Its shares were trading at ₹ 1313.35 at the time of writing this article. Its shares have a face value of ₹1. They are trading slightly above the sector PE, indicating that investors are willing to pay a higher share price today because of growth expectations in the future. It has a dividend yield of 0.57%
- The FMEG company’s revenue and net profit witnessed an increasing trend in the past five years. Its sales grew at a 3-year CAGR of 17.63%, while its net profit grew at a 3-year CAGR of 23.39%. However, its net profit margin has increased marginally over a period of five years from 8.11% in 2018 to 8.58% in 2022.
- Havells India has an ideal ROE of 19.93% and a good ROCE of 24.09%. Therefore it is able to use its capital efficiently.
- The company has an ideal debt-to-equity ratio of 0.07. It has current liabilities of ₹ 3633 crores and other liabilities of ₹ 887 crores. Havells India has a high promoter holding of 59.45% and its promoters have not pledged their shares.
Top Stocks under Rs 1500 #3 – Coromandel International Ltd.
Coromandel International is a leading Agri solutions provider in India. The company specializes in fertilizers, crop protein, biopesticide, specialty nutrients, and organic fertilizers.
It has a global presence with markets in over 80 countries. It operates 16 manufacturing facilities across India and has 7 state-of-the-art R&D laboratories.
Financials
| Particulars | Values |
|---|---|
| Face Value (₹) | 1 |
| EPS (₹) | 57.51 |
| Debt to Equity | 0 |
| ROE (%) | 24.03 |
| Current Ratio | 1.87 |
| Market Cap (Cr) | 29811 |
| Promoter’s Holdings (%) | 57.48 |
| Dividend Yield (%) | 1.18 |
| Stock P/E (TTM) | 17.64 |
| Net Profit Margin | 7.97 |
- Coromandel International Ltd. is a large-cap company with a market capitalization of ₹ 29,811 crores. Its shares were trading at ₹ 1014.55 at the time of writing this article. They have a face value of ₹ 1. They are trading slightly above the sector PE. It has a dividend yield of 0.57%
- The Agri solutions provider’s revenue and net profit witnessed an increasing trend in the past five years. Its sales grew at a 3-year CAGR of 17.63%, while its net profit grew at a 3-year CAGR of 23.39%. However, its net profit margin has increased marginally over a period of five years from 8.11% in 2018 to 8.58% in 2022.
- Coromandel International has an ideal ROE of 19.93% and a good ROCE of 24.09%. Therefore it is able to use its capital efficiently.
- The company has an ideal debt-to-equity ratio of 0.07. It has current liabilities of ₹ 3633 crores and other liabilities of ₹ 887 crores. Coromandel International has a high promoter holding of 59.45% and its promoters have not pledged their shares.
Top Stocks under Rs 1500 #4 – APL Apollo Tubes Ltd.
APL Apollo Tubes Ltd is one of India’s leading branded steel products manufacturers. The company runs 10 manufacturing facilities churning out over 1,500 varieties of MS black pipes, galvanized tubes, pre-galvanized tubes, structural ERW steel tubes, and hollow sections to serve various industrial applications.
The company seeks heavy growth opportunities in skyscrapers, infrastructure, airports & warehousing.
Financials
| Particulars | Values |
|---|---|
| Face Value (₹) | 2 |
| EPS (₹) | 20.66 |
| Debt to Equity | 0.26 |
| ROE (%) | 24.61 |
| Current Ratio | 1.28 |
| Market Cap (Cr) | 27212 |
| Promoter’s Holdings (%) | 34.52 |
| Dividend Yield (%) | 0.32 |
| Stock P/E (TTM) | 52.63 |
| Net Profit Margin | 4.73 |
- APL Apollo Tubes is a large-cap company with a market capitalization of ₹ 29,811 crores. Its shares were trading at ₹ 1087.25 at the time of writing this article. They have a face value of ₹ 2. They are trading significantly above the sector PE, indicating that investors are willing to pay a higher share price today because of growth expectations in the future. It has a low dividend yield of 0.32%
- The steel product manufacturer’s revenue and net profit witnessed an increasing trend in the past five years. Its sales grew at a 3-year CAGR of 35.15%, while its net profit grew at a 3-year CAGR of 104.33%. Further, its net profit margin has increased significantly over five years from 2.96% in 2018 to 4.73% in 2022.
- APL Apollo Tubes has a good ROE of 24.61% and a good ROCE of 29.00%. Therefore it is able to use its capital efficiently. Further, it generates more profit per rupee of capital employed.
- The company has an ideal debt-to-equity ratio of 0.26. It has current liabilities of ₹ 1429 crores and other liabilities of ₹ 760 crores. It has a promoter holding of 34.52% and its promoters have not pledged their shares.
Top Stocks under Rs 1500 #5 – Cummins India Ltd.
The company is a part of the Cummins Inc. Group USA. It designs, manufactures, distributes and services diesel and alternative fuel engines, and alternative-fueled power generator sets as well as related components and technology.
Cummins India gets about 70% of its revenue from India and the remaining from countries like the United States, the United Kingdom, Mexico, Singapore, and China. It plans to expand its presence in the fishing boat market and is experiencing high demand from the data center market.
Financials
| Particulars | Values |
|---|---|
| Face Value (₹) | 2 |
| EPS (₹) | 0.08 |
| Debt to Equity | 0.08 |
| ROE (%) | 18.14 |
| Current Ratio | 2.53 |
| Market Cap (Cr) | 33320 |
| Promoter’s Holdings (%) | 51 |
| Dividend Yield (%) | 1.54 |
| Stock P/E (TTM) | 37.66 |
| Net Profit Margin | 13.65 |
- Cummins India is a large-cap company with a market capitalization of ₹ 33,320 crores. Its shares were trading at ₹ 1202.05 at the time of writing this article. They have a face value of ₹ 2. They are trading slightly above the sector PE. It has a dividend yield of 1.54%
- The engine manufacturer’s revenue and net profit fluctuates over the past five years. Its sales grew at a 3-year CAGR of 4.07%, while its net profit grew at a 3-year CAGR of 13.86%. Further, its net profit margin has increased marginally over five years from 12.24% in 2018 to 13.65% in 2022.
- Cummins India has an ideal ROE of 18.14% and an ideal ROCE of 18.54%.
- The company has an ideal debt-to-equity ratio of 0.08. It has current liabilities of ₹ 1,744crores and other liabilities of ₹ 222 crores. It has a high promoter holding of 51% and its promoters have not pledged their shares.
In Closing
In this article, we took a look at top stocks under Rs 1500. We took a look at their business and their financials. All of these companies are large-cap companies and they have an ideal debt-to-equity ratio.
However, investors should do a complete fundamental analysis of stocks before investing in them. That’s all for this article folks. We hope to see you around. Happy investing until next time!
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