3 penny stocks cheaper than Rs 200 with Fundamental analysis

1. Finolex Industries Limited

This company is the leading manufacturer of PVC Resin which is used in manufacturing PVC Pipes & Fittings

60% of its revenue comes from PVC pipe & fittings and the remaining 40% of revenue comes from PVC Resin.

It is a mid-cap company and its market capitalization is 12320 crores and a debt of 30.2 crores.

2. Texmo Pipes & Products Limited

This company manufactures pipes and fittings. Their product portfolio includes PVC pipes, Submersible Column pipes etc.

The company generates 30.16% revenue from PVC pipe, 4.50% revenue from trading sales, 49.05% revenue from HDPE pipe

The company’s market capitalization is 207 crores and a debt of Rs 12.6 crores.

3. Filatex India Limited

This company manufactures Textiles such as Polyester Chips, Narrow Fabrics, Synthetic Yarn, Drawn Textured etc.

89% of its revenue comes from India and the remaining 11% of its revenue comes from exports.

It is a small-cap company and its market capitalization is 2740 crores and a debt of 462 crores.

3 penny stocks cheaper than Rs 200 with Fundamental analysis

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