A metric of financial performance referred to as return on equity (ROE) is measured by dividing net income by shareholders’ equity. A company’s profitability and the effectiveness of its revenue generation are measured by its ROE. The mid-cap stocks with an ROE of over 20% are listed below.
Fertilizers and Chemical Travancore Ltd
The first large-scale fertilizer plant in India, Fertilizers And Chemicals Travancore Limited (FACT) was established in the year 1943. Its core business activities in the production and sale of fertilizers and petrochemicals, design, engineering, and consulting, as well as the fabrication and erection of industrial equipment and engineering works.
The company is a mid-cap with a market capitalisation of Rs. 27,086 Cr. On Wednesday shares of the company were trading 5.95% up at Rs. 443.50. The stock delivered 271% returns in one year, making an investment of 1 lakh one year ago now would be worth 3.71 lakhs. It has high ROE of 63.33%. The EPS of the company is Rs. 9.47.
Jindal Stainless Ltd
Austenitic, ferritic, and duplex grades of stainless steel flat products are produced by Jindal Stainless Ltd (Jindal Stainless). Ferroalloys, stainless steel slabs, hot-rolled strips, plates, cold-rolled goods, and other items like razor blade steel are among the company’s product offerings.
The company has a market capitalization of Rs. 33,627 Cr and is under the mid-cap category. On Wednesday Shares of the company were trading at Rs. 405.80, up 0.46%. It has given 238% returns to the investors in one year, therefore an investment of 1 lakh one year ago now would be worth 3.38 lakhs. It has a good ROE of 24.71% and the company’s EPS is Rs. 34.10.
Rail Vikas Nigam Ltd
As the building department of the Ministry of Railways, Rail Vikas Nigam Limited (RVNL) carries out project implementation and the development of transportation infrastructure in India.
The company belongs to a mid-cap, with a market capitalization of Rs. 26,115 Cr. On Wednesday shares of the company were trading 0.36% down at 124.80. The stock has delivered 302% returns to investors in one year, therefore making an investment of 1 lakh one year ago now would be worth 4.02 lakhs. The ROE of the company is 20.81% and the company’s EPS is Rs. 7.03.
Written by Sheshadri N
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