These 7 stocks' fundamentals remained robust despite capex doubling over last 5 fiscals

Ritesh Presswala Moneycontrol News

To access earnings visibility of any company, business expansion would be one of the most important factors anyone would look at. And although companies have different ways of going about this, at the very core, they are all headed towards the same goal -- any measures taken should at some point result in more money in the company's coffers.

Bearing this in mind, we at Moneycontrol have shortlisted a few names that  fulfill all the criteria mentioned below:-

• Gross block of the company at least doubled in the past five fiscals. (Average increase over the 5-year term is minimum 50 percent as well).


• The company’s debt to equity ratio did not exceed 0.5 times in any of the past five financial years.


• A return on equity (ROE) of minimum 10 percent was earned in each of the past five fiscal years.


• The 5-year compounded annual growth rate (CAGR) for sales and profit after tax exceeded 10 percent.

Price Performance:

Unsurprisingly, these companies, more often than not, are good performers in terms of returns on stock price, as seen in the exhibit below:-