Fundamentally strong stocks are those stocks that have a solid financial foundation, such as strong earnings growth, low debt-to-equity ratio, high return on equity, and a stable cash flow.
These stocks are considered to be good long-term investments as they have the potential to perform well even during economic downturns.
Here's a list of some of the fundamentally strong stocks in India.
| Company | CMP (Rs) | RoCE (Latest, %) | D/E (Curr FY, x) | EBITDA (3 yrs, %) | EBITDA | RoE (Latest, %) | Sales (Rs m) |
|---|---|---|---|---|---|---|---|
| HINDUSTAN ZINC | 412.0 | 108.2% | 0.9 | 25.5% | 175,060.0 | 81.3% | 340,980 |
| P&G HYGIENE | 16,165.0 | 94.8% | 0.0 | 12.7% | 8,640.0 | 75.5% | 39,179 |
| WAAREE RENEWABLE TECH | 2,893.1 | 71.7% | 0.0 | 505.0% | 837.5 | 65.6% | 3,510 |
| TCS | 3,851.9 | 69.4% | 0.0 | 11.4% | 642,960.0 | 50.9% | 2,408,930 |
| COAL INDIA | 452.8 | 63.1% | 0.1 | 19.4% | 367,630.0 | 49.1% | 783,668 |
| BRITANNIA | 4,830.0 | 63.0% | 0.8 | 15.4% | 28,309.1 | 65.5% | 163,006 |
| ANGEL BROKING | 2,845.6 | 61.0% | 0.4 | 100.8% | 12,923.6 | 42.3% | 30,016 |
| PAGE INDUSTRIES | 35,407.7 | 58.4% | 0.2 | 17.5% | 8,640.2 | 41.7% | 50,006 |
| CASTROL INDIA | 211.3 | 58.2% | 0.0 | 13.7% | 11,979.1 | 42.3% | 50,746 |
| CG POWER & INDUSTRIAL | 541.0 | 57.7% | 0.0 | 198.5% | 10,052.9 | 44.6% | 69,725 |
| IRCTC | 1,027.5 | 55.3% | 0.0 | 22.2% | 12,762.2 | 40.6% | 35,415 |
| APAR INDUSTRIES | 7,836.0 | 50.2% | 0.1 | 36.6% | 12,397.9 | 28.5% | 143,522 |
| GILLETTE INDIA | 6,204.0 | 49.6% | 0.0 | 14.4% | 5,371.0 | 36.7% | 24,771 |
| TATA ELXSI | 7,093.8 | 45.8% | 0.0 | 41.6% | 9,601.2 | 36.2% | 31,447 |
| VEDANT FASHIONS (MANYAVAR) | 927.8 | 43.6% | 0.0 | 19.4% | 6,708.5 | 30.8% | 13,549 |
| MINDTREE | 3,433.4 | 41.6% | 0.0 | 27.3% | 21,956.0 | 30.4% | 105,253 |
| TUBE INVESTMENTS OF INDIA | 3,574.6 | 41.2% | 0.2 | 48.4% | 19,029.0 | 29.4% | 149,647 |
| ABBOTT INDIA | 25,725.0 | 41.0% | 0.0 | 16.8% | 12,054.9 | 30.2% | 53,487 |
| BLUE STAR | 1,451.1 | 40.9% | 0.4 | 13.2% | 4,604.3 | 30.1% | 79,773 |
| CRISIL | 4,358.0 | 40.4% | 0.0 | 20.0% | 8,815.0 | 30.5% | 31,395 |
| TITAN | 3,569.6 | 40.1% | 0.6 | 25.2% | 48,440.0 | 27.6% | 405,750 |
| SOLAR INDUSTRIES | 8,805.0 | 38.7% | 0.4 | 43.7% | 12,889.2 | 31.1% | 69,225 |
| ITC | 437.5 | 38.0% | 0.0 | 10.0% | 256,981.0 | 28.5% | 653,555 |
| DEVYANI INTERNATIONAL | 168.9 | 38.0% | 0.1 | 38.1% | 6,547.4 | 27.5% | 29,977 |
| L&T INFOTECH | 4,636.5 | 36.9% | 0.0 | 44.5% | 60,947.0 | 27.4% | 331,830 |
* We show NM where the values are negative
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