Penny Stocks With Upper FII Holdings: Investors are unchangingly on the lookout for penny stocks which can wilt a multi-bagger. However, considering of their small size, it is inherently risky to invest in penny stocks.
To counter the risk, investors can put to use strong criteria that can help to screen stronger companies. One such parameter is upper FII holding as it serves as a vote of conviction that foreign institutions have faith in the stock. Thus, in this article, we’ll present you with such Penny Stocks With Upper FII Holdings that you can add to your watchlists.
Penny Stocks With Upper FII Holdings
For our study of ‘high FII holding penny stocks’ we will study companies from various sectors such as financial services, textiles, chemicals, etc. We’ll read well-nigh their businesses, scale of operations and key financial metrics. So without remoter ado, let us jump in.
Penny Stocks With Upper FII Holdings #1 – Winsome Textile Industries
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹64 | Market Cap (Cr.) | ₹127 |
| EPS (TTM) | ₹9.5 | Stock P/E (TTM) | 6.79 |
| RoE | 9.6% | RoCE | 17.3% |
| Promoter Holding | 55.7% | FII Holding | 32.0% |
| Debt to Equity | 1.1 | Price to Book Value | 0.50 |
| Operating Profit Margin | 8.4% | Net Profit Margin | 2.8% |
Founded in 1980, Winsome Textile Industries is a leading manufacturer of melange, dyed and specialty yarns visitor with a global footprint. It has built partnerships with increasingly than 250 clients from increasingly than 50 countries and over 600 clients within India.
It has a production topics of 1,06,00 spindles, a dying topics of 33 tons per day, and a yarn-dyed knitted fabric topics of 7 tons per day. Furthermore, it has moreover invested in hydropower generation in recent years establishing itself as an integrated player.
Talking well-nigh its product portfolio, Winsome produces sparkle yarn, dyed yarn, raw white yarn, neps yarn, wool touch yarn, knitted yarn, and more.
It earned a net profit of Rs 24 crore on sales of Rs 876 crore in FY23. Winsome stock currently trades at a price of Rs 64 per share giving it a market capitalisation of Rs 127 crore. This makes it a penny stock with a upper FII shareholding of 32.04%, jointly held by various international funds.
Penny Stocks With Upper FII Holdings #2 – DU Digital Global
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹59 | Market Cap (Cr.) | ₹301.88 |
| EPS (TTM) | ₹0.0 | Stock P/E (TTM) | NA |
| RoE | 2.6% | RoCE | 6.1% |
| Promoter Holding | 65.9% | FII Holding | 16.1% |
| Debt to Equity | 0.0 | Price to Book Value | 14.31 |
| Operating Profit Margin | 6.4% | Net Profit Margin | 2.4% |
DU Digital Global is a micro-cap services provider in the domain of legalistic and non-judgmental tasks to cognate to visa, passport, individual identity management and other various resider services.
It has a diversified international presence with its 35 centres in increasingly than 35 nations wideness the world. Furthermore, it has an widow reach of 1,300 centres through its partner offices. The huge network has unliable it to successfully process increasingly than 5 million applications to date.
DU Digital Global provides location-independent document processing, passport & consular services, eVisa solutions, identity services, public services, migration services, digital locker, tourism & trade support for vendee governments, and mobile biometrics solutioning.
The penny stock which has a upper FII holding of 16.1% earned a net profit of Rs 66.73 lakh on the sales of Rs 37.28 crore in FY23. With a upper FII holding, the identity services provider visitor moreover has a upper promoter shareholding of 65.9%.
DU Digital Global is debt-free and currently has a micro-cap valuation of Rs 316 crore.
Penny Stocks With Upper FII Holdings #3 – Orient Ceratech
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹32 | Market Cap (Cr.) | ₹382 |
| EPS (TTM) | ₹1.2 | Stock P/E (TTM) | 26.19 |
| RoE | 5.5% | RoCE | 7.7% |
| Promoter Holding | 63.6% | FII Holding | 13.2% |
| Debt to Equity | 0.1 | Price to Book Value | 1.47 |
| Operating Profit Margin | 7.2% | Net Profit Margin | 4.7% |
An Ashapura Group enterprise, Orient Ceratech is the largest calcined and fused products manufacturer in India. It was established tropical to five decades ago in 1974 and has evolved into a prominent supplier of industrial materials.
It processes a wide range of materials such as alumina (calcined bauxite, brown fused, white fused, pink fused, white fused mullite, and zirconia), monolithics (castables and refractory motors), and ceramic proppants (intermediate and upper strength).
These products find their applications as intermediate and raw materials in a wholesale range of industries including cement, refractory production, grinding, and more.
The present installed topics of Orient Ceratech is 21,000 MT and 74,250 MT for fused aluminium oxide grains and calcined products respectively. Furthermore, the visitor is working towards expanding fused aluminium grains production topics and installing a lignite-based power plant.
Orient Ceratech earned a net profit of Rs 14 crore on sales of Rs 302 crore in FY23. The industrial materials maker has a upper promoter holding and FII holding of 63.6% and 13.2%.
Penny Stocks With Upper FII Holdings #4 – Dhanlaxmi Bank
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹24 | Market Cap (Cr.) | ₹609 |
| EPS (TTM) | ₹4.1 | Stock P/E (TTM) | ₹5.9 |
| RoE | 5.1% | RoCE | 0.8% |
| Promoter Holding | 0.0% | FII Holding | 11.0% |
| Net NPA | 1.16% | Price to Book Value | 0.64 |
| Net Interest Margin | 3.6% | Provision Coverage Ratio | 90.6% |
One of the oldest banks in India, Dhanlaxmi Bank was established tropical to a century ago in 1927 in the state of Kerala, India. Since then, it has built a strong foothold in the southern states of India.
The wall provides a multitude of financial and financial services under personal banking, corporate banking, NRI banking, micro & agri banking, SME and forex & trade finance. Its portfolio of products and services includes debit & credit cards, current & savings accounts, personal loans, mortgage loans, vehicle loans, export & import services, threshing loans, and more.
The wall operates through a network of 255 branches and 274 ATMs. It is publicly held and has zero promoter shareholding. Although, the micro-cap wall has a upper FII holding of 10.97%.
Dhanlaxmi Wall reported a significant resurgence in its GNPA and NNPA with the figures improving year on year to 5.19% and 1.16% in FY23 respectively. Furthermore, its provision coverage ratio increased from 80.64% last year to 90.61%.
It earned a net interest income of Rs 362.31 crore in FY23 with a net interest margin of 3.60%. Its gross advances and deposits recorded a year-on-year growth of 16.70% and 7.65% to wilt Rs 9,854 crore and Rs 13,352 crore
Penny Stocks With Upper FII Holdings #5 – Vikas Ecotech
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹2.9 | Market Cap (Cr.) | ₹334.86 |
| EPS (TTM) | ₹0.1 | Stock P/E (TTM) | 32.22 |
| RoE | 4.0% | RoCE | 8.9% |
| Promoter Holding | 7.9% | FII Holding | 15.2% |
| Debt to Equity | 0.3 | Price to Book Value | 1.31 |
| Operating Profit Margin | 5.2% | Net Profit Margin | 2.4% |
Vikas Ecotech was set up in 1984 and has emerged as a preferred supplier of high-end specialty chemicals over the last 4 decades. It manufactures a wide range of rubber-plastic compounds and additives.
Its products are used as intermediates for remoter processing in multiple industries such as agriculture, automobiles, cables, electricals, hygiene, healthcare, polymers, packaging, textiles, and footwear.
Broadly, Vikas Ecotech has four product lines: polymer compounds, organotin stabilizers, plasticizers, and flame retardants. Its operations are backed by research & minutiae facilities and production facilities located wideness Rajasthan and Jammu. It has an upcoming facility in Gujarat.
The chemicals maker recorded sales and net profit of Rs 402 crore and Rs 9 crore in FY23 respectively. Its stock trades at a P/E ratio of 32.22. Talking well-nigh its shareholding potter, it has a upper FII holding of 15.2% but a low promoter holding of 7.9%.
List Of Penny Stocks With Upper FII Holdings
The list unelevated puts together upper FII holding penny stocks in India.
| Company Name | CMP | Market Cap (Cr) | FII Holding | Industry |
|---|---|---|---|---|
| Winsome Textile Industries | ₹61.7 | ₹122 | 32.0% | Textiles |
| DU DIgital Global | ₹52.0 | ₹302 | 16.1% | Visa Processing |
| Orient Ceratech | ₹32.3 | ₹389 | 13.2% | Aluminium |
| Dhanlaxmi Bank | ₹24.1 | ₹609 | 11.0% | Banking |
| Celebrity Fashions | ₹20.1 | ₹94 | 20.1% | Textiles |
| Vikas Ecotech | ₹3.0 | ₹334.86 | 16.1% | Chemicals |
Conclusion
As we conclude our study of ‘Penny Stocks With Upper FII Holdings’ we can say that penny stocks favoured by FIIs usually have a focused merchantry model with a strong track record of project execution. However, retail investors should tideway penny stocks with lattermost caution. They can be pump-and-dump schemes, sudden sales degrowth, weak merchantry models, and various other risks.
Do you think penny stocks can lead to quick riches in the stock market? Have you held any multi-bagger penny stock in your portfolio? How well-nigh we protract this conversation in the comments below?
Written By Vikalp Mishra
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