In the high paced world of investing, the penny stocks draw attention from both risk takers and experienced investors. For those interested in the Indian market, the automobile penny stocks in India offers an option to capitalize on potential growth. These stocks with low price can increase a diversified portfolio and potentially give high returns. Let’s explore the top automobile penny stocks in India.
Table of Contents
Overview of Top Automobile Penny Stocks in India
1. Rico Auto Industries Ltd.
Rico Auto Industries Limited was shtablished in 1983. It manufactures high precision fully machined aluminum and ferrous components, as well as assemblies. The company supplies these products to automotive original equipment manufacturers over the world. This stock could be a potential investment option for those interested in automobile penny stocks in India.
- Current Market Price – ₹121.70
- Market Capitalization – ₹1,697crore
- The company’s annual sales have increased for the last 3 consecutive years
- The book value has been trending upward for last 3 Years.
- The annual net profit has trended upward for last 3 Years.
- EBITDA has been continually increasing for the last three years; and
- Consistent increase in total assets during last 3 Years
2. Arabian Petroleum Ltd.
sector of India. It produces lubricants for industrial and automotive applications. They offer a comprehensive range of products, including specialized oils and coolants. Investors exploring automobile penny stocks in India should take note of this stock as a promising option.
- Current Market Price – ₹81.50
- Market Capitalization – ₹91 crore
- The company has achieved outstanding ROE over the last 3 years
- The annual net profit has trended upward for last 3 Years
- Over the last 3 years, EBITDA has increased steadily.
- Debt to equity ratio is now lower than it has been in the previous 3 years.
3. Pritika Engineering Components Ltd.
It was founded in 2018. Pritika Engineering Components Limited is an Indian company that specializes in making precisely engineered components. This company supplies tractors, trucks, and other commercial vehicles to the automotive industry. For investors exploring theautomobile penny stocks in India, Pritika Engineering Components may be worth considering.
- Current Market Price – ₹57.75
- Market Capitalization – ₹77crore
- Over the last 3 years, book value has increased dramatically.
- Over the last 3 years, EBITDA has increased steadily.
- The last 3 years have seen a tremendous increase in total sales and total assets.
4. Tirupati Forge Ltd.
Tirupati Forge Limited was founded in 2012. It is an Indian company based in Rajkot. They focus on making and selling carbon steel forged flanges and different parts for vehicles. They offer flanges like slip on, weld-neck, blind, lap joint, threaded, and socket weld, along with forged pipe fittings like elbows, tees, and crosses. Tirupati Forge Ltd. is a great choice for those looking to invest in automobile penny stocks in India.
- Current Market Price – ₹16.30
- Market Capitalization – ₹163 crore
- Outstanding growth in net profit over the last 3 years
- Constantly rising EBITDA over the last 3 years
- The company achieves a good return on equity of 18.71%
- The company’s annual sales have increased for 3 consecutive years.
- The quarterly sales over the last 5 years have been trending up.
5. Ganga Forging Ltd.
Ganga Forging Ltd. was founded in 1988. Specializing in the manufacturing and sale of steel forging parts and machine components, their product range includes forged crankshafts, connecting rods, yokes, pins, and similar items. For those searching opportunities in the automobile penny stocks in India, This stock emerges as a noteworthy player to consider.
- Current Market Price – ₹9.55
- Market Capitalization – ₹112 crore
- Over the last 3 years the annual net profit has increased.
- The company achieves a good return on equity of 12.35%
- The company’s annual sales have climbed for 3 consecutive years.
Automobile Penny Stocks List
| Stock Names | CMP | Market Cap (Cr) | PE Ratio | ROE | EPS |
|---|---|---|---|---|---|
|
Rico Auto Industries
|
₹121.70
|
₹1,697
|
35.13
|
6.87%
|
3.57
|
|
Arabian Petroleum
|
₹81.50
|
₹91
|
18.75
|
27.36%
|
4.47
|
|
Pritika Engineering Components
|
₹57.75
|
₹77
|
19.97
|
8.98%
|
2.91
|
|
Tirupati Forge
|
₹16.30
|
₹163
|
23.71
|
14.97%
|
0.7
|
|
Ganga Forging
|
₹9.55
|
₹112
|
59.12
|
7.17%
|
0.17
|
Note: The above figures have been taken from google finance.
Conclusion
Investing in automobile penny stocks in India presents a landscape of opportunities for potential growth and financial gains. Both experienced and Beginner investors can benefit from exploring this area, which has the potential to boost the returns of their investment portfolios.
Frequently Asked Questions (FAQ)
- Rico Auto Industries
- Arabian Petroleum
- Pritika Engineering Components
- Tirupati Forge
- Ganga Forging