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In pics | Promoters consistently increase stake in these 6 firms with low leverage ratio

The debt-to-equity ratio is calculated as a company's total liabilities divided by shareholders' equity. Higher leverage ratios tend to indicate a higher risk for shareholders.

September 09, 2020 / 05:41 PM IST
When promoters increase their stake in their company, it usually is considered a point of strength. It indicates that the promoter is confident of the growth prospects and expects the stock price to go up. On analysis, data showed there are seven companies in the BSE universe where promoters have consistently increased their stakes over the past four quarters and their debt is also under control. These companies' debt-to-equity ratio for FY20 is less than 0.50x. We have considered only the companies whose market-cap is over Rs 500 crore. Interestingly, 3 out of these 7 stocks have already gained 130-215 percent in the last year. (Data Source: ACE Equity)
When promoters increase their stake in their company, it usually is considered a point of strength. It indicates that the promoter is confident of the growth prospects and expects the stock price to go up. On analysis, data showed there are seven companies in the BSE universe where promoters have consistently increased their stakes over the past four quarters and their debt is also under control. These companies' debt-to-equity ratio for FY20 is less than 0.50x. We have considered only the companies whose market-cap is over Rs 500 crore. Interestingly, 3 out of these 6 stocks have already gained 130-215 percent in the last year. (Data Source: ACE Equity)
Balaji Amines | The promoter stake holding for September quarter 2019: 53.61%; December quarter 2019: 53.64%; March quarter 2020: 53.67%; and June quarter 2020: 53.70%. It's debt-to-equity for FY20 was 0.39x. In the last one-year, the stock has risen 218 percent to Rs 827.65 as on September 8, 2020.
Balaji Amines | The promoter stake holding for September quarter 2019: 53.61%; December quarter 2019: 53.64%; March quarter 2020: 53.67%; and June quarter 2020: 53.70%. It's debt-to-equity for FY20 was 0.39x. In the last one-year, the stock has risen 218 percent to Rs 827.65 as on September 8, 2020.
Astec Lifesciences  | The promoter stake holding for September quarter 2019: 69.14%; December quarter 2019: 69.55%; March quarter 2020: 71.33%; and June quarter 2020: 72.30%. It's debt-to-equity for FY20 was 0.40x. In the last one-year stock price has surged205 percent to Rs 1170.80 as on September 08, 2020.
Astec Lifesciences  | The promoter stake holding for September quarter 2019: 69.14%; December quarter 2019: 69.55%; March quarter 2020: 71.33%; and June quarter 2020: 72.30%. It's debt-to-equity for FY20 was 0.40x. In the last one-year stock price has surged205 percent to Rs 1170.80 as on September 08, 2020.
Alembic  | The promoter shareholding for September quarter 2019: 66.31%; December quarter 2019: 67.09%; March quarter 2020: 67.62%; and June quarter 2020: 69.57%. It's debt-to-equity for FY20 was 0.00x. In the last one-year stock price has gained 139 percent to Rs 94.05 as on September 08, 2020.
Alembic  | The promoter shareholding for September quarter 2019: 66.31%; December quarter 2019: 67.09%; March quarter 2020: 67.62%; and June quarter 2020: 69.57%. It's debt-to-equity for FY20 was 0.00x. In the last one-year stock price has gained 139 percent to Rs 94.05 as on September 08, 2020.
Ganesha Ecosphere  | The promoter shareholding for September quarter 2019: 39.91%; December quarter 2019: 40.13%; March quarter 2020: 40.36%; and June quarter 2020: 40.37%. It's debt-to-equity for FY20 was 0.19x. In the last one-year stock price has moved up 10 percent to Rs 269.85 as on September 08, 2020.
Ganesha Ecosphere  | The promoter shareholding for September quarter 2019: 39.91%; December quarter 2019: 40.13%; March quarter 2020: 40.36%; and June quarter 2020: 40.37%. It's debt-to-equity for FY20 was 0.19x. In the last one-year stock price has moved up 10 percent to Rs 269.85 as on September 08, 2020.
Representative image
Action Construction Equipment  | The promoter stake holding for September quarter 2019: 70.87%; December quarter 2019: 72.25%; March quarter 2020: 72.42%; and June quarter 2020: 72.43%. It's debt-to-equity for FY20 was 0.19x. In the last one-year stock price has lost 7 percent to Rs 60.85 as on September 08, 2020.
Cyient  | The promoter stake holding for September quarter 2019: 22.80%; December quarter 2019: 22.82%; March quarter 2020: 22.87%; and June quarter 2020: 23.25%. It's debt-to-equity for FY20 was 0.16x. In the last one-year stock price has slipped 12 percent to Rs 382.10 as on September 08, 2020.
Cyient  | The promoter stake holding for September quarter 2019: 22.80%; December quarter 2019: 22.82%; March quarter 2020: 22.87%; and June quarter 2020: 23.25%. It's debt-to-equity for FY20 was 0.16x. In the last one-year stock price has slipped 12 percent to Rs 382.10 as on September 08, 2020.
Ritesh Presswala
first published: Sep 9, 2020 05:15 pm

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