Top Stocks under Rs 10000 to add to your watchlist

Top Stocks under Rs 10000: MRF is the most expensive stock trading on the Indian stock market. How we would wish if we’d bought its shares a couple of years ago? While we were buying smartphones for ₹ 10,000 in 2012, some people bought MRF’s shares. They’re holding more than eight times that money now. In other words, MRF has given multi-bagger returns of more than 800% over the years.

Rs 10,000 might seem to be a huge amount for many, especially if they have to invest all of it just to buy one share at a time. However, it might be possible that this investment may be like MRF. Maybe ten years later, we’ll tell ourselves that we hold one of the most expensive shares in the Indian stock market. The best part? We bought them for just ₹ 10,000.

In this article, we shall take a look at top stocks under Rs 10000. We’ll take a look at their business and do a quick analysis of these stocks. But, don’t forget to do a thorough fundamental analysis, if you’re willing to invest in any company. Let’s take a look!

Top stocks under Rs 10000 #1 – Bajaj Finance

Top Stocks under Rs 10000 - Bajaj Finance logo

Bajaj Finance is the lending arm of Bajaj Finserv Ltd which is a diversified NBFC (Non-Banking Financial Company) in India. It has a diversified lending portfolio across retail, SME, and commercial customers. The company caters to more than 50 million customers across the country. It accepts public as well as corporate deposits and offers a variety of financial services products to its customers.

Its peers include Bajaj Holdings & Investment, Cholamandalam Investment, and Finance Company, Muthoot Finance, Shriram Transport Finance Company, Aditya Birla Capital, and Mahindra & Mahindra Financial Services Ltd.

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Revenue and Profitability

Year Revenue (Rs. in Cr) Net Profit (Rs. in Cr)
2018 12,785.86 2,496.37
2019 18,487.14 3,994.99
2020 26,373.77 5,263.75
2021 26,689.57 4,419.82
2022 31,658.98 7,028.23

Bajaj Finance’s revenue and profitability show an increasing trend. The company’s revenue grew at a 3-year CAGR of 19.64% and its profit at a 3-year CAGR of 20.72%. It has a good net profit margin of 22.20%.

Key Metrics

Particulars Values Particulars Values
Face Value (₹) 2 ROE (%) 17.59
Market Cap (₹ in Cr) 4,26,891.18 Net Profit Margin 22.20
EPS (₹) 163.88 Current Ratio 0.42
Stock P/E (TTM) 43.03 Debt to Equity 3.81
Dividend Yield (%) 0.28 Promoter’s Holdings (%) 55.86

The company’s shares have a face value of ₹2 and they were available at ₹7,050 levels. The company has a market capitalization of ₹4,26,891.18 crores and is a large-cap company. It has an ideal return on equity of 17.59%. However, its shares are trading at a price-to-equity ratio of 43.03, which is higher than the sector P/E of 39.34. Moreover, its current ratio is 0.42, indicating that its current assets are lower than its current liabilities.

Bajaj Finance has a high debt-to-equity ratio of 3.81. However, NBFCs typically have higher debt, which can skew the debt-to-equity ratio. But, it is within the limits permitted by the Reserve Bank of India. It has a low dividend yield of 0.28. The company has a promoter’s holding of 55.86% and there is no pledge against it. FIIs hold a 17.07% stake, DIIs hold 15.59% and the public holds 11.48%.

Top stocks under Rs 10000 #2 – Tata Elxsi

Top Stocks under Rs 10000 - Tata Elxsi logo

Tata Elxsi is a Tata Group company, as the name suggests. It is amongst the world’s leading providers of design and technology services across industries. The company provides integrated services from research and strategy to electronics and mechanical design, software development, validation, and deployment. Further, it is supported by a network of design studios, global development centers, and offices worldwide.

Its peer companies are Tata Consultancy Services Ltd. Infosys, HCL Technologies, Wipro, Tech Mahindra, and Larsen & Toubro Infotech.

Year Revenue (Rs. in Cr) Net Profit (Rs. in Cr)
2018 1,386.30 240.04
2019 1,596.93 289.97
2020 1,609.86 256.10
2021 1,826.16 368.12
2022 2,470.80 549.67

Tata Elxsi’s revenue and profitability show an increasing trend. The company’s revenue grew at a 3-year CAGR of 24.39% and its profit at a 3-year CAGR of 37.68%. It has a good net profit margin of 22.24%.

Key Metrics

Particulars Values Particulars Values
Face Value (₹) 10 ROE (%) 37.23
Market Cap (₹ in Cr) 43,344.71 Net Profit Margin 22.84
EPS (₹) 107.58 Current Ratio 4.13
Stock P/E (TTM) 64.7 Debt to Equity 0.00
Dividend Yield (%) 0.48 Promoter’s Holdings (%) 43.92

The company’s shares have a face value of ₹ 10 and they were available at ₹ 6960 levels. The company has a market capitalization of ₹ 43,344.71 crores and is a large-cap company. It has an excellent return on equity of 37.23%. However, its shares are trading at a price-to-equity ratio of 64.7, which is higher than the sector P/E of 39.56.

Moreover, it has a current ratio of 4.13 indicating that its current assets are four times higher than its current liabilities.

Tata Elxsi is debt free with a debt-to-equity ratio of 0.00. However, it has a low dividend yield of 0.48. The company has a promoter’s holding of 43.92% and there is no pledge against it. FIIs hold a 15.37% stake, DIIs hold 3.90% and the public holds 36.81%.

Top stocks under Rs 10000 #3 – Atul

Top Stocks under Rs 10000 - atul logo

Atul Ltd is a diversified and integrated Indian chemical company. It is a part of the Lalbhai Group, Gujarat. The company’s products are used in various Industries and are categorized under two segments: Life Science Chemicals and Performance and Other Chemicals under 9 Businesses.

Since its incorporation, the company has been a pioneer in many products in India. These include Dyes including Vat Dyes, crop care chemicals, Phosgene, Carbamite, 2,4-D Acid, para Cresol, and tissue culture-raised date palms.

Its peer companies are Pidilite Industries, Gujarat Fluorochemicals, Solar Industries India, Deepak Nitrite, Tata Chemicals, and Aarti Industries.

Revenue and Profitability

Year Revenue (Rs. in Cr) Net Profit (Rs. in Cr)
2018 3,295.77 277.01
2019 4,037.81 431.00
2020 4,093.06 665.93
2021 3,731.47 652.77
2022 5,080.89 596.58

Atul’s revenue and profitability show an increasing trend. The company’s revenue grew at a 3-year CAGR of 12.18% and its profit at a 3-year CAGR of 17.65%. It has a poor net profit margin of 11.59%.

Key Metrics

Particulars Values Particulars Values
Face Value (₹) 10 ROE (%) 14.45
Market Cap (₹ in Cr) 24,603.7 Net Profit Margin 11.59
EPS (₹) 205.71 Current Ratio 2.4
Stock P/E (TTM) 40.53 Debt to Equity 0.03
Dividend Yield (%) 0.24 Promoter’s Holdings (%) 45.05

The company’s shares have a face value of ₹ 10 and their shares are available at ₹ 8,340 levels. The company has a market capitalization of ₹ 24,603.7 crores and is a mid-cap company. It has a return on equity of 14.45%.

However, its shares are trading at a price-to-equity ratio of 40.53, which is higher than the sector P/E of 31.44. Moreover, it has a current ratio of 2.4 indicating that its current assets are higher than its current liabilities.

Atul Ltd is almost debt-free with an ideal debt-to-equity ratio of 0.03. However, it has a low dividend yield of 0.24. The company has a promoter’s holding of 45.05%. It is important to note that there is a 1.5% pledge against their stake. Further, FIIs hold a 9.20% stake, DIIs hold 23.42% and the public holds 22.33%.

Fine Organics Logo

Fine Organic Industries are the manufacturers, processors, suppliers, distributors, dealers, importers, and exporters of a wide range of oleochemical-based additives used in various industries. These include foods, plastics, cosmetics, coatings, and other specialty applications.

It is one of the largest manufacturers of oleo chemical-based niche additives in India. In fact, it is among the six largest global players in polymer additives and among the leading global players in specialty food emulsifiers.

Its peers include Pidilite Industries, Gujarat Fluorochemicals, Solar Industries India, Deepak Nitrite, Tata Chemicals, and Aarti Industries.

Revenue and Profitability

Year Revenue (Rs. in Cr) Net Profit (Rs. in Cr)
2018 855.81 95.33
2019 1,060.33 139.61
2020 1,038.08 169.86
2021 1,133.22 121.65
2022 1,876.26 260.74

Fine Organic Industries’ revenue and profitability show an increasing trend. The company’s revenue grew at a 3-year CAGR of 33.02% and its profit at a 3-year CAGR of 36.66%. It has a poor net profit margin of 13.89%.

Key Metrics

Particulars Values Particulars Values
Face Value (₹) 5 ROE (%) 30.85
Market Cap (₹ in Cr) 18968.87 Net Profit Margin 13.89
EPS (₹) 174.9 Current Ratio 3.53
Stock P/E (TTM) 35.37 Debt to Equity 0.06
Dividend Yield (%) 0.22 Promoter’s Holdings (%) 75.00

The company’s shares have a face value of ₹ 5 and they were available at ₹ 6,190 levels. It has a market capitalization of ₹ 18,968.87 crores and is a mid-cap company.

It has a return on equity of 30.85%. However, its shares are trading at a price-to-equity ratio of 35.37, which is higher than the sector P/E of 36.00. Moreover, it has a current ratio of 3.53 indicating that its current assets are higher than its current liabilities.

Fine Organic Industries is almost debt-free with an ideal debt-to-equity ratio of 0.06. However, it has a low dividend yield of 0.22. On the bright side, the company has a high promoter’s holding of 75.00% and there is no pledge against their stake. Further, FIIs hold a 6.74% stake, DIIs hold 10.92% and the public holds 7.34%.

Blue Dart Logo

Blue Dart Express Limited is involved in the transportation and door-to-door distribution of time-sensitive shipments, through an integrated ground and air transportation network. The company is regarded as South Asia’s leading courier and integrated air express package distribution company. Delhivery Ltd and Elbee Services are their peers.

Revenue and Profitability

Year Revenue (Rs. in Cr) Net Profit (Rs. in Cr)
2018 2,799.24 144.71
2019 3,174.40 89.76
2020 3,175.13 -41.86
2021 3,288.13 101.81
2022 4,410.49 382.21

Blue Dart Express’ revenue and profitability show an increasing trend. The company’s revenue grew merely at a 3-year CAGR of 17.87% and its profit at a 3-year CAGR of 36.66%. It has a poor net profit margin of 13.78%. However, its NPM is higher than the historical 3Yrs NPM margin.

Key Metrics

Particulars Values Particulars Values
Face Value (₹) 10 ROE (%) 52.23
Market Cap (₹ in Cr) 16,898.44 Net Profit Margin 8.67
EPS (₹) 199.27 Current Ratio 0.85
Stock P/E (TTM) 35.78 Debt to Equity 0.23
Dividend Yield (%) 0.88 Promoter’s Holdings (%) 75.00

The company’s shares have a face value of ₹ 10 and they were available at ₹ 7,000 levels. It has a market capitalization of ₹ 16898.44 crores and is a mid-cap company. It has a return on equity of 52.23%.

However, its shares are trading at a price-to-equity ratio of 35.78, which is lower than the sector P/E of 44.89, indicating that the stocks might be undervalued. However, it has a current ratio of 0.85 indicating that its current assets are lower than its current liabilities.

Blue Dart Express has an ideal debt-to-equity ratio of 0.23. However, it has a low dividend yield of 0.88. On the bright side, the company has a high promoter’s holding of 75.00% and there is no pledge against their stake. Further, FIIs hold a 5.13% stake, DIIs hold 7.90% and the public holds 11.97%.

In Closing

In this article, we saw top Stocks under rs 10000. We took a look at the businesses of Bajaj Finance, Tata Elxsi, Atul, Fine Organic Industries, and Blue Dart Express. Thereafter, we took a look at their revenue and profits. Finally, we took a look at key financial metrics. That’s all for this article folks. We hope to see you around and happy investing until next time!

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