High Promoter Stocks below Rs 200: When it comes to investing, there are many factors to consider before buying stocks. However, one of the fundamental criteria that can indicate the potential of a business is the percentage of ownership held by its promoters in the company. In this article, we will go through some of the top promoters holding stocks below Rs 200 from different sectors and analyze them…
High Promoter Holding Shares Below Rs 200
For our study, we will read about the business and operations of five companies from various industries. Without further ado, let’s take a look at the 5 stocks we picked below Rs 200 and above Rs 100.
![Logo JTEKT](https://tradebrains.in/wp-content/uploads/2023/11/JTEKT-India-logo-1024x290.png)
JTEKT India Limited, part of JTEKT Corporation Japan, is an integral part of JTEKT Group India.
It is engaged in manufacturing, supplying and selling steering systems, ie steering wheels, column and RPS assemblies, axle assemblies and other automotive accessories to most Indian passenger car and utility vehicle manufacturers.
The company has seven strategically positioned plants in Gurgaon, Bawal, Dharuhera, Sanand, and Sriperumbudur from which it serves key customers all over India and major automobile groups all over the country.
Its major customers include large vehicle manufacturers in India such as Maruti Suzuki, Honda, Toyota, Tata Motors and Mahindra & Mahindra.
It exports high-quality precision products to the United States, Europe and Japan both independently and through its network of foreign joint venture partners.
The company financials show that the company increased its revenue from ₹ 1,753.97 crore in FY19 to ₹ 2,043.93 crore in FY23. During the same period, its profits increased from ₹ 78.26 Crore to ₹ 87.12 Crore.
Coming to the return ratios, its ROE and RoCE stood at 13.06% and 16.3% respectively, which suggests slightly under efficiency in the utilization of company resources.
The debt-to-equity ratio of 0.08 suggests that the company has low debt and mainly uses its own funds to run its operations.
Currently, the company has a price to book value of 4.63, which indicates that the company’s current market price is trading at a premium.
Coming to the stock pattern of the company, the promoters consistently held 73.98% during the last quarters.
High Promoter Stocks Under Rs 200 #2 – Grauer & Weil (India)
![High Promoter Holding Stocks Under Rs 200 - Grauer and Weil logo](https://tradebrains.in/wp-content/uploads/2023/11/Grauer-Weil.jpg)
Secondly, we have Grauer & Weil (India) a small stock belonging to the Chemicals sector having a market capitalization of ₹ 2,763.54 Crore as on October 13, 2023.
Incorporated in 1957, Grauer & Weil (India) (GWL) is one of the few companies in the world that is a global provider of comprehensive coating solutions.
It is a versatile company involved in various industries, including chemicals, engineering, paints, lubricants and real estate, operating across both domestic and international markets. The company’s operations are organized into three key segments: Surface Finishing, Engineering and Shopping Center.
The company currently operates multiple manufacturing facilities located in Gujarat, Himachal Pradesh, Jammu and Kashmir, in addition to its Engineering division located in Pune District and a Mall facility in Mumbai.
Over the past 5 financial years, from FY19 to FY23, the company witnessed a growth in net income from ₹ 601.08 crore to ₹ 981.12 crore, while its profits also rose from ₹ 63.87 crore to ₹ 112.95 crore.
The ROE and RoCE stood at 17.91% and 23.76% respectively, which suggests good returns to shareholders’ capital and efficiency in the utilization of company resources.
The debt-to-equity ratio of 0.03 suggests that the company has low debt and mainly uses its own funds to run its operations.
Currently, the company has a price to book value of 3.88, which indicates that the company’s current market price is trading at a premium.
Talking about the stock pattern of the company, we can see that the promoters have consistently held 69.05% during the last quarters.
High Promoter Holding Shares Below Rs 200 #3 – TGV SRACC
Next, we have TGV SRACC another small-cap stock belonging to the chemical sector having a market capitalization of ₹ 1,218.68 Crore as on 13 October 2023.
Incorporated in 1981 and headquartered in Kurnool, India, TGV SRAAC Limited, formerly known as Sree Rayalaseema Alkalies and Allied Chemicals Ltd., renamed as TGV SRAAC Limited in October 2017.
The company operates in the Chemicals and Oils and fats segments, producing and distributing a wide range of products, including castor derivatives, chlor-alkali products, chloromethane products and toilet soaps.
TGV SRAAC Limited serves both domestic and international markets, exporting to many countries worldwide. In addition to its core manufacturing activities, the company generates power through thermal and windmill technologies, establishing itself as a significant player in the chemical and petroleum industries.
According to the company’s financials, net income increased from ₹ 1,204.57 crore in FY19 to ₹ 2,325.73 crore in FY23. Similarly, its profits have quadrupled from ₹ 68.4 crore to ₹ 362.07 crore over the last three years.
The ROE of 40.45% and RoCE is 38.65% implies a high return on capital invested by the shareholders and a very optimal use of the company’s resources.
The debt to equity ratio of 0.21 suggests that the company has a low amount of debt on its balance sheet.
The price-to-book value of 1.14 indicates that the company’s share price is trading at a fair value.
Regarding the share pattern of the company, we can observe that during the previous few quarters, the promoters have continuously maintained 63.18% of the company.
Top Promoter Holding Shares Below Rs 200 #4 – Ashok Leyland
![Ashok Leyland logo](https://tradebrains.in/wp-content/uploads/2023/11/Ashok-Leyland-logo-1024x640.png)
Fourth in the list is Ashok Leyland, a large-cap stock belonging to the automobile sector having a market capitalization of ₹ 51,631 Crore as on October 13, 2023.
Ashok Leyland Limited is a multinational automobile manufacturer based in India, which is owned by the Hinduja Group. The company was established in 1948 as Ashok Motors and was later renamed Ashok Leyland in 1955. It is currently the second largest manufacturer of commercial vehicles in India.
The company manufactures commercial vehicles and spare parts in India and Internationally. The company produces medium and heavy commercial vehicles, including buses, and trucks and also produces specialized defense vehicles for the armed forces and other international customers.
Under the brand name Leypower, it also provides comprehensive power solutions supplying engines for a number of purposes other than automobiles, such as engines for powering generator sets, marine applications, powering earthmoving equipment, compressors, cranes and harvesters.
Although the company’s net revenues and profits fell during FY20 and FY21, they have comparatively increased over the last five years. During FY23, the company reported net income and profit of ₹ 41,672.6 crore and ₹ 1,361.66 crore, respectively.
While the ROE was reported at 17.26%, indicating a good return on shareholder’s capital, its RoCE of 12.34% suggests that the company has not effectively utilized its resources.
Furthermore, the debt-to-equity ratio of 3.63 suggests that the company is highly leveraged.
Currently, the company has a price to book value of 5.18, which indicates that the company’s current market price is trading at a premium.
Regarding the shareholding pattern of the company, the promoters have continuously held 51.53% stake during the last three quarters.
High Promoter Holding Shares Below Rs 200 #5 – Amines & Plasticizers
![High Promoter Holding Stocks Under Rs 200 - Amines and plasticizers logo](https://tradebrains.in/wp-content/uploads/2023/11/Amines-Plasticizers-logo.png)
Finally, we have Amines & Plasticizers a Microcap stock belonging to the Chemicals sector having a market capitalization of ₹ 755 Crores as on October 13, 2023.
Amines and Plasticizers is a leading manufacturer of Ethanolamine, Alkyl Alkanolamines, morphine derivatives like NMMO 50% and gas treating solvents in India.
It is a global supplier of organic chemicals that are used in oil refineries, natural gas plants, ammonia plants, petrochemical plants, pharmaceuticals, agrochemicals, textiles, oilfield chemicals and cosmetics, among other things.
It is the major player in the ethanolamines and alkylalkanolamines industry, meeting about 75-80% of the demand in the Indian market.
In addition, the company exports its products to more than 50 countries worldwide, including the United States, Canada, Germany, New Zealand, South Korea, Southeast Asia, Japan, Australia and the Middle East.
The company financials show that the company increased its revenue from ₹ 455 crore in FY19 to ₹ 597 crore in FY23. During the same period, its profits increased from ₹ 16 Crore to ₹ 23 Crore.
The company’s ROE and RoCE are 13.3% and 16.1%, respectively, suggesting a below-average return on shareholder capital and its resources are being utilized to their full efficiency. The debt to equity ratio is 0.46, indicating that the company has low debt on its balance sheet.
Currently, the company’s stock trades at 4.14 times its book value. Coming to the stock pattern of the company, the promoters have consistently held 73.17% during the last quarters.
Conclusion
As we conclude our article on “high promoter holding stocks below Rs 200”, we can say that high promoter holding can be used as a parameter to assess the potential of a company. However, it is not advisable to invest only based on the promoter’s interest. Instead, it is important to evaluate a share based on multiple criteria that are independent of the promoter’s shareholding.