Home Debt Chemical stocks with low debt to keep on your radar

Chemical stocks with low debt to keep on your radar

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The Indian chemicals sector stands out as one of the most rapidly advancing industries globally. It has attained the status of being the sixth-largest chemical producer, with a market size of $178 billion in 2021. 

As per industry reports, this sector is poised for further expansion, with an anticipated CAGR of 11–12%, reaching a value of $290-310 billion by 2027. 

Here are some chemical stocks that have healthy debt 

Vinati Organics 

Vinati Organics Limited is engaged in the business of manufacturing specialty organic intermediaries and monomers, like Iso Butyl Benzene, aromatic solvents, and many more. 

The shares of Vinati Organics Limited closed at Rs. 1,710.50, down 0.42 percent from its previous close price of Rs. 1,717.65 and its market capitalization is Rs. 17,627 Crores. 

Vinati Organics is a debt-free company and it t has reported a return on equity (ROE) of 22.6 percent and a return on capital employed (ROCE) of 30.4 percent, it is making good returns on its equity and capital employed. 

Its revenue from operations grew 29.04 percent from Rs. 1,615.51 Crores in FY22 to Rs. 2,084.71 Crores in FY23, accompanied by increasing profits of Rs. 346.62 Crores to Rs. 457.97 Crores. 

Deepak Nitrite 

Deepak Nitrite Limited is engaged in the business of manufacturing and trading chemicals, It is the largest producer of sodium nitrite, sodium nitrate, Phenol, and Acetone in India 

The shares of Deepak Nitrate Limited closed at Rs. 2,360, up 2.92 percent from its previous close price of Rs. 2,293 and its market capitalization is Rs. 32,143 Crores. 

Deepak Nitrite Limited has a healthy debt-to-equity ratio of 0.02, it has reported a return on equity (ROE) of 22.7 percent and a return on capital employed (ROCE) of 29.7 percent, it is making good returns on its equity and capital employed. 

Its revenue from operations grew 17.2 percent from Rs. 6,802.19 Crores in FY22 to Rs. 7,972.06 Crores in FY23, accompanied by profits of Rs. 1066.64 Crores to Rs. 852 Crores.

Atul 

Atul Limited is a diversified and integrated chemical manufacturer engaged in the business manufacturing of science chemicals, performance chemicals, and other chemicals. 

The shares of Atul Limited closed at Rs. 6,590, down 0.19 percent from its previous close price of Rs. 6,602.45 and its market capitalization is Rs. 19,438 Crores. 

Atul Limited has a healthy debt-to-equity ratio of 0.03 and it has reported a return on equity (ROE) of 11.5 percent and a return on capital employed (ROCE) of 15.3 percent, it is making decent returns on its equity and capital employed 

Its revenue from operations grew 6.82 percent from Rs. 5,080.89 Crores in FY22 to Rs. 5,427.52 Crores in FY23, accompanied by profits of Rs. 604.74 Crores to Rs. 506.63 Crores. 

Written by: Bharath K.S

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