Best Stocks Under ₹200 in India in August 2024 – Based on 5-Yr CAGR

With thousands of stocks in the Indian market, selecting the right ones can be daunting. In this article, we’ve listed the top stocks priced under ₹200 based on their 5-year CAGR. Discover investment opportunities according to growth potential and performance.

Best Stocks Below ₹200 in India – August 2024 (Based on 5-Yr CAGR)

Note: The list of the best stocks below ₹200 provided here is as of August 20, 2024. The stocks are picked from the Nifty 500 universe and sorted as per their 5-Yr CAGR.

Overview of 5 Top Stocks Below ₹200 in India

1. Rattanindia Enterprises Ltd

RattanIndia Enterprises Limited, the flagship of the RattanIndia Group, drives growth through cutting-edge technologies aimed at transforming the lives of over a billion Indians. The company’s portfolio includes tech-focused ventures in e-commerce, electric vehicles, fintech, and drones. In FY 2024, the company’s total income rose to ₹61,916.94 million, up from ₹41,382.11 million in FY 2023. Net profit also saw a turnaround, reaching ₹4,244.54 million in FY 2024, compared to a loss of ₹2,861.43 million in FY 2023.

Key metrics:

• Net profit margin: 6.88%

• Return on capital employed (ROCE): 122.76%

2. Tata Teleservices (Maharashtra) Ltd

Tata Teleservices (Maharashtra) Limited (TTML) is a prominent provider of connectivity and communication solutions for enterprises. Operating under the brand Tata Tele Business Services (TTBS), the company offers a wide range of information and communication technology (ICT) services, including connectivity, collaboration, cloud, security, IoT, and marketing solutions. In FY 2024, TTML’s total income increased to ₹1,200.23 crore, up from ₹1,113.34 crore in FY 2023. However, the company reported a net loss of ₹1,228.44 crore in FY 2024.

Key metrics:

• Net profit margin: -101.71%
• Return on capital employed (ROCE): -6.31%

3. Suzlon Energy Ltd

Suzlon Energy is one of the leading global renewable energy providers and a vertically integrated wind turbine generator (WTG) manufacturer. The company handles the entire lifecycle of wind projects, from the design and component manufacturing to installation, operation, and maintenance. In FY 2024, Suzlon’s revenue increased to ₹6,497 crore, up from ₹5,947 crore in FY 2023. Profit after tax (before exceptional items) also improved, reaching ₹714 crore compared to ₹167 crore in FY 2023.

Key metrics:

• Net profit margin: 10.04%
• Return on capital employed (ROCE): 19.75%

4. HFCL Ltd

HFCL Ltd (Himachal Futuristic Communications Limited) is a versatile telecom infrastructure provider engaged in telecom infrastructure development, system integration, and the manufacture and supply of advanced telecom equipment, including optical fibre and optic fibre cables (OFC). In FY 2024, the company’s revenue dropped to ₹4,465.05 crore, from ₹4,743.31 crore in FY 2023. Profit after tax improved, reaching ₹337.52 crore compared to ₹317.71 crore in FY 2023.

Key metrics:

• Net profit margin: 7.22%
• Return on capital employed (ROCE): 18.05%

5. IRB Infrastructure Developers Ltd

IRB Infrastructure Developers Ltd is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. It also operates in other business segments in the infrastructure sector, including road maintenance, construction, airport development, and real estate. In FY 2024, the company’s total income increased to ₹8,20,175.99 lakh, from ₹670,331.35 lakh in FY 2023. Net profit dropped, reaching ₹60,581.64 lakh compared to ₹72,001.16 lakh in FY 2023.

Key metrics:

• Net profit margin: 7.39%
• Return on capital employed (ROCE): 7.33%

Conclusion

Apart from these, the stock market includes various other stocks as well. Before investing, assessing your investment objectives and risk appetite is crucial to ensure alignment with your financial goals. Understanding these factors will help you make informed decisions and manage potential risks effectively. Always consider consulting with a financial advisor to tailor investments to your personal circumstances.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.