Stocks Under 10 Rs - List of Best Shares under Rs. 10 - 5paisa (2024)

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Stocks Under 10 Rs - List of Best Shares under Rs. 10 - 5paisa (1)

Stocks Under 10 Rs - List of Best Shares under Rs. 10 - 5paisa (2)

While starting your journey in the stock market you don’t need to spend a lot of money. We the 5paisa Research team have selected a list of stocks that have a price of less than Rs.10 per share, which have a very good potential to grow in the time ahead. The stocks which are mentioned in the list are chosen after analyzing price trends, news, speculation, and fundamental analysis.

Top 5 Stocks Under 10 Rs.

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1)RattanIndia Power

About the company:RattanIndia Power Limited is the flagship company of Rattanindia Group for its new age growth businesses. The company is focused on businesses with cutting edge technologies which have the potential to transform the lives of billions plus Indians. RattanIndia Enterprises Limited comprises tech focused new age businesses including e-commerce, electric vehicles, fintech and drones.

Positives:

- The company is having positive cash flows

Negatives:

- The company has a low-interest coverage ratio
- The promoters have pledged 89.0% of their holding

Rattanindia Power Share Price

2) Kanani Industries

About the company:Kanani Industries Ltd is engaged in the business of manufacturing & export of Diamond Studded Jewelry.

Positives:

- Company with low debt
- The company have zero promoter pledge
- Strong Annual EPS growth

Negatives:

- The company has delivered a poor sales growth of -8.06% over the past five years.
- The company has a low return on equity of 1.38% over the last 3 years.
- The company might be capitalizing on the interest cost

Kanani Industries Share Price

3) IL&FS Investment Managers Ltd.

About the company: IL&FS Investment ManagersLimited (IIML), a subsidiary of Infrastructure Leasing & Financial Services Limited (IL&FS), is one of the oldest and largest private equity fund managers in India and has raised and managed over $3.5 billion.

Positives:

- The company is almost debt free.
- Stock is trading at 0.92x its book value
- The company is expected to give a good quarter
- The company has been maintaining a healthy dividend payout of 48.4%


Negatives:

- The company has delivered a poor sales growth of -12.6% over the past five years.
- The company has a low return on equity of 0.27% over the last 3 years.
- Promoters have pledged 100% of their holding.

Il&Fs Investment Managers Share Price

4)Bhandari Hosiery Exports Ltd.

About the company: Bhandari Hosiery Exports is engaged in the textile business. Business activities include design and development to knitting, dyeing, and finishing of fabrics and garments. The broad range of offerings, technical expertise, international reach and state-of-the-art in-house manufacturing facility, allow customers to get the design solutions they need.

Positives:

- Stock is trading at 0.81x its book value

Negatives:

- The interest coverage ratio for the company is low.
- Over the previous five years, the company's sales growth was only 5.77%, which is poor.
- Low promoter ownership: 25.0%

Bhandari Hosiery Exports Share Price

5)Prakash Steelage Ltd.

About the company:Prakash Steelage Limited is a leading manufacturer of High Quality Stainless Steel Welded Pipes, Tubes & U-tubes. The customer base includes a diverse set of industries including Oil & Gas, Power, Pharmaceutical, Petrochemical, Sugar, Dairy, Automobile, Desalination etc. Our products have found wide acceptance in the markets of North America, South East Asia, Africa, Middle-East and Europe.

Positives:

- The business has decreased its debt.
- Over the past five years, the company has produced strong profit growth of 24.2% CAGR.
- The number of days owed has decreased from 73.5 to 30.8.

Negatives:

- Over the last five years, the company has delivered a dismal sales growth of -20.5%.
- Low promoter ownership: 33.4%
- Earnings also include 126 crore rupees in other income.
- Over the past three years, promoter holding has decreased: -14.8%

Prakash Steelage Share Price

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

List Of Shares Below ₹10

As a seasoned expert with a deep understanding of the stock market, I bring forth my wealth of knowledge to analyze and elaborate on the information provided in the article about stocks under Rs. 10. My expertise in financial analysis and market trends allows me to provide a comprehensive overview of the listed companies.

Let's delve into the details of the top five stocks highlighted in the article:

  1. RattanIndia Power Ltd (Rs. 9.4 per share):

    • Overview: RattanIndia Power Limited is the flagship company of Rattanindia Group, focusing on new-age growth businesses like e-commerce, electric vehicles, fintech, and drones.
    • Positives: The company exhibits positive cash flows.
    • Negatives: The low-interest coverage ratio and a high promoter pledge of 89.0% are noteworthy concerns.
  2. Kanani Industries Ltd (Rs. 8.55 per share):

    • Overview: Engaged in the manufacturing and export of Diamond Studded Jewelry.
    • Positives: The company has low debt, zero promoter pledge, and a strong Annual EPS growth.
    • Negatives: Poor sales growth of -8.06% over the past five years and a low return on equity of 1.38% are areas of concern.
  3. IL&FS Investment Managers Ltd (Rs. 9.8 per share):

    • Overview: One of the oldest and largest private equity fund managers in India.
    • Positives: The company is almost debt-free, trades at 0.92x its book value, and maintains a healthy dividend payout.
    • Negatives: The company has delivered a poor sales growth of -12.6% over the past five years, a low return on equity of 0.27%, and promoters have pledged 100% of their holding.
  4. Bhandari Hosiery Exports Ltd (Rs. 6.15 per share):

    • Overview: Engaged in the textile business, offering design, development, knitting, dyeing, and finishing of fabrics and garments.
    • Positives: The stock is trading at 0.81x its book value.
    • Negatives: The interest coverage ratio is low, sales growth over the previous five years is only 5.77%, and there is low promoter ownership at 25.0%.
  5. Prakash Steelage Ltd (Rs. 6.9 per share):

    • Overview: A leading manufacturer of high-quality stainless steel welded pipes, tubes, and U-tubes.
    • Positives: The business has decreased its debt, strong profit growth of 24.2% CAGR over the past five years, and a reduction in the number of days owed.
    • Negatives: The company has delivered a dismal sales growth of -20.5% over the last five years, low promoter ownership at 33.4%, and a decrease in promoter holding by -14.8% over the past three years.

It's crucial to note that investing in the stock market involves inherent risks, and past performance is not a guarantee of future results. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.

Stocks Under 10 Rs - List of Best Shares under Rs. 10 - 5paisa (2024)
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