These 10 companies cut debt, boost growth, and see stock surge in 5 months
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3 months ago
The common belief is that debt enables a company to secure new capital for expansion. Problems, however, occur when management struggles to channelise its debt properly. The optimal scenario is when a company successfully balances its debt while also increasing its sales and profits.ETMarket analyzed companies that have consistently reduced their debts over the past three fiscal years (FY22-FY24) overall by 30% or more, while also experiencing consistent growth in sales and profits, resulting in overall growth of more than 30%. We focused on companies with a market cap exceeding Rs 2,000 crore. Out of these, 18 stocks met the criteria, and we highlighted the top nine that have seen their share prices increase by over 30% in the current fiscal year (FY25) following significant fundamental improvements in the previous three years. Notably, 2 of these stocks have become multibaggers within just over 5 months of FY25. (Data Source: ACE Equity)
Economic Times