Looking to invest in penny stocks with just Rs 1,000? Penny stocks are low-priced stocks that can offer high potential returns but also come with higher risks. With a modest portfolio like this, it’s essential to research and diversify your investments wisely to maximise potential gains while minimising losses.
Here we have identified 5 overall good penny stocks that can make you profitable in the coming time.
| Serial Number | Company Name | Price | Quantity | Amount |
| 1 | Taparia Tools Ltd | Rs 3.06 | 30 | 92 |
| 2 | Seacoast Shipping Services Ltd | Rs 6.03 | 30 | 181 |
| 3 | G G Engineering Ltd | Rs 2.56 | 75 | 192 |
| 4 | Galactico Corporate Services Ltd | Rs 5.37 | 31 | 166 |
| 5 | Zeal Aqua Ltd | Rs 12.3 | 30 | 369 |
| Total | Rs 1000 | |||
Taparia Tools Ltd
Incorporated in 1969 in collaboration with Swedish Company, Taparia Tools Ltd provides solutions to hand tools requirements.
With a market capitalization of Rs 4.64 crore, the current price of the stock stands at Rs 3.06, with a high/low range of Rs 3.06 to Rs 2.10. The stock’s P/E ratio is at a low of 0.05, while its book value is Rs 191. The debt-to-equity ratio remains 0. The company has shown significant sales growth over both three years (17.5%) and one year (6.79%), with a strong return on capital employed (ROCE) of 37.3% and return on equity (ROE) of 27.9.
Read: ROE vs ROCE
The company’s dividend payout ratio is at 65.2%, while the promoter holding stands at 69.7%. With a profit after tax of Rs 88.7 crore.
Seacoast Shipping Services Ltd
Incorporated in 2005, Seacoast Shipping provides logistics services to exporters and importers.
Read: A Deep Dive into India’s Shipping Industry
The market capitalization of the company is Rs 325 crore, with a current stock price of Rs 6.03 and a P/E ratio of 16.1. Its high and low prices in the past have been Rs 8.48 and Rs 2.41 respectively. The book value stands at Rs 2.29. The company has demonstrated impressive sales growth over both the past three years (838%) and the most recent period (68.1%).
Additionally, it boasts a high return on capital employed (ROCE) of 38.4% and a return on equity (ROE) of 36.1%. The debt-to-equity ratio is low at 0.20, and the price-to-book value ratio is 2.64. The profit after tax is Rs 20.1 crore.
G G Engineering Ltd
Incorporated in 2006, G G Engineering Ltd does trading of Iron and Steel metals.
With a market capitalization of Rs 225 crore, the current price of the stock stands at Rs 2.56, with a high/low range of Rs 7.00 and Rs 1.06 respectively. The stock’s price-to-earnings ratio (P/E) is 32.2, while its book value is Rs 1.40. The company has shown promising returns on capital employed (ROCE) at 11.4% and return on equity (ROE) at 10.8%.
It has demonstrated impressive sales growth over the past three years, reaching 82.1%, with a current growth rate of 104%. With a debt-to-equity ratio of 0.03 and a price-to-book-value ratio of 1.84. The company reported a profit after tax of Rs 7 crore.
Galactico Corporate Services Ltd
Incorporated in 2015, Galactico Corporate Services Ltd is in the business of Investment Banking and Issue Management Activities.
With a market capitalisation of Rs 79.6 crore, the current price of the stock stands at Rs 5.34, with a high/low range of Rs 14.2 to Rs 3.25. The stock’s P/E ratio is 8.97, and its book value is Rs 2.06, resulting in a price-to-book value of 2.58. The company has shown impressive sales growth of 66.4% with a three-year growth rate of 28.8%. Its ROCE and ROE stand at 37.8% and 38.4% respectively, showcasing strong financial performance.
The debt-to-equity ratio is 0.34, indicating a moderate level of debt. The company has a profit after tax of Rs 8.88 crore, promoter holding is at 42.3%.
Zeal Aqua Ltd
Incorporated in 2009, Zeal Aqua Ltd is in the business of Farming, Developing and Harvesting Prawns.
With a market capitalization of Rs 159 crore., the current price of the stock stands at Rs 12.6, with a high/low range of Rs 16.5 / Rs 6.06. The stock’s P/E ratio is 23.6, and its book value is Rs 5.77. The ROCE and ROE are at 11.1% and 10.5%, respectively. Over the past three years, sales have grown by 14.9%, but there has been a recent decline of -2.09%. The debt-to-equity ratio is 1.97, and the price-to-book value ratio is 2.17. Promoter holding stands at 68.4%. Finally, the company reported a profit after tax of Rs 6.72 crore.
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.
