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With profit margins gaining in each quarter, these 6 stocks were on the rise in 2020

Interestingly, 3 out of these 6 stocks have doubled in the last one-year timeframe.

February 10, 2021 / 14:44 IST
A company's profit margin is a financial performance ratio, it is significant as it shows how well a company controls its costs. Moneycontrol analysed the companies that have consistently increased their profit margin in the last four quarters. We considered only companies whose FY20 debt to equity ratio was less than 0.50x and their current market-cap is over Rs 200 crore. From the BSE universe, only 6 stocks have passed these filters. Interestingly, 3 out of these 6 stocks have doubled in the last one-year timeframe. (Data Source: ACE Equity)
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A company's profit margin is a financial performance ratio, it is significant as it shows how well a company controls its costs. Moneycontrol analysed the companies that have consistently increased their profit margin in the last four quarters. We considered only companies whose FY20 debt to equity ratio was less than 0.50x and their current market-cap is over Rs 200 crore. From the BSE universe, only 6 stocks have passed these filters. Interestingly, 3 out of these 6 stocks have doubled in the last one-year timeframe. (Data Source: ACE Equity)
Balaji Amines | The company's profit margin for the quarter ended March '20: 11.46%, June '20:  14.17%, September '20:  15.65 %,  and December '20:  20.12%. In the last one year, the stock price has rallied 251 percent to Rs 1443.25 as on February 9, 2021
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Balaji Amines | The company's profit margin for the quarter ended March 2020: 11.46%, June 2020: 14.17%, September 2020: 15.65 %, and December 2020: 20.12%. In the last one year, the stock price has rallied 251 percent to Rs 1443.25 as on February 9, 2021.
Nahar Poly Films Ltd.
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Nahar Poly Films |  The company's profit margin for the quarter ended March 2020: 14.43%, June 2020: 15.93%, September 2020: 16.20%, and December 2020: 18.88%. In the last one year, the stock price has rallied 161 percent to Rs 91.65 as on February 9, 2021.
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Mastek |  The company's profit margin for the quarter ended March 2020: 11.57%, June 2020: 12.07%, September 2020: 14.44%, and December 2020: 15.88%. In the last one year, the stock price has rallied 141 percent to Rs 1092.90 as on February 9, 2021.
Mindtree Ltd.
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Mindtree |  The company's profit margin for the quarter ended March 2020: 10.06%, June 2020: 11.16%, September 2020: 13.17%, and December 2020: 16.13%. In the last one year, the stock price has rallied 86 percent to Rs 1713.30 as on February 9, 2021.
Mangalam Organics |  The company's profit margin for the quarter ended March 2020: 15.68%, June 2020: 16.07%, September 2020: 16.69%, and December 2020: 27.58%. In the last one year, the stock price has rallied 72 percent to Rs 493.40 as on February 9, 2021.
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Mangalam Organics |  The company's profit margin for the quarter ended March 2020: 15.68%, June 2020: 16.07%, September 2020: 16.69%, and December 2020: 27.58%. In the last one year, the stock price has rallied 72 percent to Rs 493.40 as on February 9, 2021.
Vakrangee Ltd.
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Vakrangee |  The company's profit margin for the quarter ended March 2020: 15.02%, June 2020: 17.53%, September 2020: 18.95%, and December 2020: 22.59%. In the last one year, the stock price has rallied 14 percent to Rs 51.20 as on February 9, 2021.
Ritesh Presswala
Ritesh Presswala Research Analyst at Moneycontrol
first published: Feb 10, 2021 02:44 pm

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