10 Best Penny Stocks in India 2022 | Multibagger Penny Stocks

In the context that penny stocks are darlings of retail investors because they are available at throw away single digit prices, here are some penny stocks in India.

10 Best Penny Stocks

Here are the list of penny stocks to consider in India and get multi-bagger stock returns. Also we would recommend you to do your own stock fundamentals analysis before investing in any stocks.

Sl NoStock PriceCurrent Price
1GV Films Limited₹0.91
2Sun Retail Limited₹0.89
3Johnson Pharmacare Limited₹0.91
4BLS Infotech Limited₹4.41
5Vikas Ecotech Limited₹4.00
6Vikas Lifecare Limited₹4.85
7Organic Coatings Limited₹7.22
8Chambal Breweries & Distilleries Limited₹2.64
9Beryl Securities Limited₹8.50
10Biogen Pharmachem Industries Limited₹0.98

1. GV Films Limited

GV Films Limited is involved in the business of media and entertainment. The company is engaged in motion picture, video and television programme activities.

It was incorporated in the year 1989, and is headquartered in Mumbai, Maharashtra.

The company’s current market capitalization stands at ₹106.10 crores. The company’s revenue from operations have de-grown at a CAGR of 41.4% over the past five years, whereas net profits have grown at a CAGR of 11.7% over the same tenure.

2. Sun Retail Limited

Sun Retail Limited is a company which is involved in the business of trading in refined and filtered edible oils. The company’s current market capitalization stands at ₹16.4 crore.

The company earned a return on capital employed of -0.82%, and a return on equity of -0.96% for FY21. The company is almost debt free, but has a very high number of debtor days.

3. Johnson Pharmacare Limited

Johnson Pharmacare Limited is engaged in the business of financial services. The company’s current market capitalization stands at ₹57 crore.

The company’s stock is trading at 0.97 times its book value. The company is almost debt free. The company has a low return on equity of -0.06% for the last three years.

4. BLS Infotech Limited

BLS Infotech Limited is an information technology company based in India. It is involved in providing IT-enabled services.

The company is also involved in trading of computers and its parts. The company’s current market capitalization stands at ₹162 crores. The company is debt free, but has a high number of debtor days.

Also check: Best Multibagger IT Stocks in India

5. Vikas Ecotech Limited

Vikas Ecotech Limited is involved in the manufacturing of high-end specialty chemicals. The company is a multi-specialty products solutions provider and produces a wide variety of superior quality additives and rubber-plastic compounds.

The company’s current market capitalization stands at ₹328 crore. The company’s return on capital employed stands at 1.76%. The company’s stock is trading at 2.78 times its book value. The promoter holding in the company stands at 15.60%.

The company’s revenue from operations has decreased at a CAGR of 11.35% over the last five years, whereas net profits de-grew at a whopping 179% over the same tenure.

6. Vikas Lifecare Limited

Vikas Lifecare Limited is a company which is engaged in the trading of polymer and related products. The company is also involved in the trading of different chemical compounds, polymers, poly vinyl chloride resins, plastic granules, and items related to plastic industry.

The company’s current market capitalization stands at ₹478 crores. The company’s stock trades at a PE ratio of 38.6. The company earned a return on capital employed of 8%.

Over the past five years, the company’s revenue from operations have de-grown at a CAGR of 4.28%, whereas net profits de-grew at a 237% CAGR.

7. Organic Coatings Limited

Organic Coatings Limited is engaged in the business of printing ink. The company’s current market capitalization stands at ₹6.56 crores.

The company’s return on capital employed stood at -4.57% for FY21. The company has a low interest coverage ratio, and their debtor days have increased.

The company’s revenues have de-grown at a CAGR of 8.38% in the past five years, whereas net profits de-grew at a 235% CAGR.

Also Check: Best Highest Dividend Paying Stocks in India

8. Chambal Breweries & Distilleries Limited

Chambal Breweries and Distilleries Limited is engaged in trading and retailing of beer. The company’s current market capitalization stands at ₹3.04 crore.

The company has a return on capital employed of 0.49%. The company is debt free. Its stock is trading at 0.75 times its book value.

The promoter’s holding in the company stands at 16.08%. The company’s net profits have de-grown at a CAGR of 210% over the last five years.

9. Beryl Securities Limited

Beryl Securities Limited is a non-banking finance company which is engaged in providing loans and advances.

The company’s current market capitalization stands at ₹4.71 crore. The company’s stock trades at a PE of 13.8. The company earned a return on capital employed of 4.83%.

The company is debt free. Over the last five years, the company has grown its revenues at a CAGR of -0.03%, while net profits grew at a CAGR of -21.89% over the same tenure.

Also Check: Best FMCG stocks in India

10. Biogen Pharmachem Industries Limited

Biogen Pharmachem Industries Limited is engaged in the business of financial services. The company’s current market capitalization stands at ₹88.1 crores.

The company’s stock trades at a PE ratio of 105. The company earned a return on capital employed of -2.90% for FY21. The company is debt free. The company’s net profits have frown at a CAGR of 84.85% over the last five years.

Conclusion

Provided below was the list of some of the penny stocks. But it is important to note that investors should do their own due diligence considering the fact that penny stocks are very riskier investments as companies going bankrupt are very high. In this context, analyzing the company’s business fundamentals, risks, valuations, corporate governance matters, management integrity and promoter history becomes very important!

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Vineet Nandwani

I am from a commerce background. Having completed my Bachelors of Business Administration (BBA) in 2020, I went on to pursue the Chartered Financial Analyst (CFA) course, which is a professional course in finance. The course has 3 levels, and I have appeared for my level 2 exam. Besides, I have also worked at a Wealth Management Firm in Surat, Gujarat for 2 years. I am also investing in stocks and mutual funds in my personal capacity for three years. I like to remain updated about the happenings in the financial world. Email: vineet.nandwani942@gmail.com

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