Debt Free Companies in India 2017

India experiences both high inflation and high interest rates. Immediate effect of both on companies finance is negative.

High interest rates clearly affect companies operating costs & profit margins. Companies which remain isolated from effects of high interest rates are debt free companies.

The companies which are more dependent on debt to manage their working capital, face the burnt of high interest rates. Interest rates of debt is fluctuating. When interest rates goes up, it will eventually increase the expense of company. This will automatically translate in profitability of the company.

Zero debt companies in India are ones which are more self reliant. Such companies are best suited for long term investing.

Profitability of zero debt companies are generally more than high debt companies. Debt is a liability which has also a big cost attached to it. Debt gives immediate relief but its also an expense for the future. Hence companies will lesser profit but zero debt are preferable.

In India we have several zero debt companies.

It will be not be wrong for us to base our investment decision starting from such companies.

High interest rates negatively effects the profitability of high debt companies. In periods of soaring interest rates, low debt and debt free companies emerge as clear winners.

In India, interest rates remain very unpredictable. One never know when rising trend will start again. This mainly happens mainly due to wavering inflation.

In India inflation can stabilizes for few year. But even with minor changes on political front, inflation cuts deep again.

For investors it is important to keep a note of debt free companies in India. Keeping track of price valuation of zero debt companies is a very good idea. Timing purchase of such stocks is recommended. I personally like debt free companies.

Study of debt levels of companies certainly helps. How dependent is company on debt, over long periods of time, speaks a lot about its fundamentals.

Only single year study will not be enough. Hence it is advisable to keep last 5 years financial reports of companies handy.

In this age of fast internet we can keep soft copies of financial statements. Internet enables access to information related to companies with click of a button.

Notes on Debt Free Companies:

1) Debt free companies are profitable stocks.
2) High interest rates reduces profitability of debt companies.
3) Zero debt companies have strong business fundamentals.
4) Debt free companies stocks must be preferred for investing.
5) Keeping ready-list of debt free companies is a good.

Interest Expense & Net Profit

Even small increase in interest rates can create big hole in companies profits.

A company, whose turnover is Rs 34,000 Crore & incurs Rs 1,300 Crore of Interest Expense.

This interest expense is 3.8% of total turnover of company.

In terms of expense requirements, 3.8% expense on any one item is is considers very high.

Even marginal increase in interest expense can effect profitability. To negate high interest costs, companies avoid maintaining high debts.

In case debt levels cannot be reduced, companies profits reduces. This is one compromise high debt companies makes all the time.

Debt free companies are completely free of such compromises.

Companies which are debt free generates their liquid cash comparatively easily. This cash is used to manage current liabilities.

When there is no debt (immediate interest expense), companies liquidity level remains good. This makes day-to-day cash cash flow management relatively simpler.

Debt Free Companies are Ideal

Debt free companies are low risk companies for investors. Not only investors but even bankers love such companies. When need comes and such companies need debt, banks can lend them debt at low interest rates.

For investors, debt free companies are investment heavens. Debt free companies are like ‘financially independent’ business.

Such companies has enough cash generating source of their own. They do not need market debt to run their business.

This situation may sound simple, but it take decades for companies to reach this stage.

It has also been observed that, generally debt free companies share higher dividends with its shareholders.

If company is focusing on long term growth, they may not distribute high dividends. But big, debt free companies share reasonably high dividends and also manage fast growth.

Zero Debt & Business Fundamentals

In order to understand this correlation, lets take an example. Look into NMDC’s balance sheet. In last 10 years NMDC had zero debt. During the same period, company was able to increase its reserves at staggering rate of 28% per annum.

Zero debt and fast increasing reserves is an excellent indicator of strong business fundamentals.

NMDC’s is good example of debt free company. Looking at companies Profit & loss accounts, NMDC’s ‘Total Income’ has increased at rate of 19% per annum. While NMDC’s ‘Total expense’ has increased at rate of only 15% per annum. This differential between income and expense enhances companies profit and profitability. NMDC’s profit and profitability both has improved in last 10 years.

Debt Free Companies in India

All debt free companies are Good?

Generally debt free companies are good bet for investment. But all debt free companies may not be good.

A scrutiny of business fundamentals is a must before one goes ahead and buy their stocks.

Its will be good idea to check companies ‘Total Income growth (sales turnover)’. Though company is maintaining zero debt but; if it is not able to increase turnover, it will not be considered good.

To get more idea, compare sales turnover of company with its nearest competitors.

Concept says, it’s a good practice to keep debt levels as low as possible. But this should not be done at cost of ‘business growth’.

Companies which are compromising its growth are either complacent or does not have skillful & dynamic top managers.

A combination of high sales growth and low debt is ideal. Investors must keep track of such companies. Also, companies maintaining high profit margins automatically becomes most preferred by investors.

Debt Free Companies in India 2017

(Updated on March’2017)

SL Company name Market Price (Rs.) Market Cap (Rs.Million) Revenue Growth (5Y)  EBITDA margin (%)  Total debt/equity (%)
1 NESCO Ltd.   2,385.00 33,500.00 17.43 71.05 0.00
2 Just Dial Ltd   604.45 41,930.00 30.30 28.09 0.00
3 Infosys Ltd   1,040.00 2,370,000.00 17.82 27.48 0.00
4 Vardhman Holdings Limited   2,817.50 8,960.00 43.77 92.58 0.00
5 JSW Holdings Ltd   1,558.05 17,280.00 15.91 94.15 0.00
6 Tata Elxsi Limited   1,516.75 47,300.00 20.92 23.70 0.00
7 Kalyani Investment Co Ltd   1,640.00 7,170.00 39.79 95.12 0.00
8 Hindustan Zinc Ltd   310.10 1,310.00 7.22 48.22 0.00
9 ICRA Limited   4,147.00 41,960.00 12.06 28.83 0.00
10 CMC Limited (Parent)   2,034.35 61,510.00 23.26 14.87 0.00
11 VST Industries Limited   2,839.45 43,790.00 8.72 26.06 0.00
12 WIM Plast Ltd   1,442.00 17,320.00 17.84 22.64 0.00
13 Tata Investment Corporation Limited   625.20 34,420.00 0.25 92.75 0.00
14 Akzo Nobel India Ltd   1,588.00 74,680.00 20.10 11.81 0.00
15 Balmer Lawrie Investments Ltd.   390.00 8,690.00 8.60 97.86 0.00
16 Monsanto India Limited   2,523.00 43,810.00 8.31 23.42 0.00
17 TTK Prestige Limited (Parent)   5,913.90 70,610.00 14.84 11.98 0.00
18 Multi Commodity Exchange of India Ltd.   1,117.20 56,880.00 -8.63 63.76 0.00
19 Channel Nine Entertainment Ltd   28.35 6,600.00 169.56 16.10 0.00
20 Vesuvius India Ltd   1,238.80 24,840.00 8.74 17.99 0.00
21 Yamini Investments Company Ltd   33.65 17,690.00 260.19 5.70 0.00
22 Zydus Wellness Ltd   852.10 33,390.00 4.95 21.28 0.00
23 TV Today Network Ltd.   254.95 15,140.00 13.23 17.63 0.00
24 SQS India BFSI Ltd   565.95 6,040.00 26.08 20.30 0.00
25 Atul Auto Ltd   408.95 9,020.00 21.32 13.35 0.00
26 Sinclairs Hotels Limited   379.00 2,110.00 21.11 43.33 0.00
27 Ramco Systems Ltd   353.10 10,750.00 17.02 13.26 0.00
28 Reliance Industrial Infrastructure Ltd.   462.40 7,020.00 9.87 20.52 0.00
29 G M Breweries Ltd   476.35 6,980.00 9.19 20.49 0.00
30 VST Tillers Tractors Limited   1,846.25 16,020.00 8.64 14.63 0.00
31 Thyrocare Technologies Ltd   702.00 37,550.00 - 38.54 0.00
32 Ultramarine & Pigments Ltd.   170.00 5,010.00 13.33 19.44 0.00
33 Multibase India Ltd   272.10 3,430.00 13.31 21.16 0.00
34 Geojit Financial Services Limited   49.75 11,740.00 -0.90 22.55 0.00
35 Kirloskar Oil Engines Ltd   390.40 56,390.00 0.27 9.77 0.00
36 Sterling Holiday Resorts India Ltd.   250.30 22,560.00 38.01 -3.72 0.00
37 Indag Rubber Ltd   193.95 5,100.00 11.01 16.51 0.00
38 Accelya Kale Solutions Ltd   1,408.95 20,900.00 - 41.48 0.00
39 Ingersoll Rand India Limited   693.65 21,750.00 5.98 7.70 0.00
40 Moil Ltd   318.00 42,330.00 -11.22 15.67 0.00
41 Shanthi Gears Ltd.   112.10 9,070.00 2.30 18.65 0.00
42 Gandhi Special Tubes Ltd   341.95 5,020.00 -0.23 32.57 0.00
43 ABM Knowledgeware Ltd   149.00 2,990.00 7.95 29.72 0.00
44 Gromo Trade & Consultancy Ltd   480.00 13,300.00 283.94 -6.10 0.00
45 Hindustan Oil Exploration Company Ltd   71.85 9,400.00 -32.43 35.99 0.00
46 D Link India Ltd   139.30 4,950.00 41.29 5.28 0.00
47 Moryo Industries Ltd   157.95 2,560.00 126.94 9.22 0.00
48 Sandur Manganese & Iron Ores Ltd.   677.65 5,940.00 -5.84 31.26 0.00
49 Quick Heal Technologies Ltd   239.80 16,780.00 - 30.31 0.00
50 Panasonic Carbon India Co Ltd   454.00 1,130.00 16.97 35.96 0.00
51 Manpasand Beverages Ltd   730.15 41,570.00 - 19.24 0.00
52 Wendt India Ltd.   1,900.00 3,800.00 9.40 15.41 0.00
53 Benares Hotels Ltd   1,181.30 1,540.00 12.53 27.79 0.00
54 HPC Biosciences Ltd   49.50 7,900.00 - 83.12 0.00
55 Novartis India Limited   675.40 18,970.00 1.48 7.63 0.00
56 Kirloskar Pneumatic Company Ltd   1,172.40 15,000.00 0.69 11.60 0.00
57 IL & FS Investment Managers Ltd   14.10 4,430.00 -1.52 26.54 0.00
58 Kennametal India Limited   595.85 13,120.00 2.37 8.41 0.00
59 Pincon Lifestyle Ltd   100.35 3,030.00 580.89 2.58 0.00
60 Mps Ltd   683.30 12,810.00 - 30.97 0.00
61 VB Industries Ltd   317.95 4,160.00 454.25 -0.39 0.00
62 Dhanleela Investments & Trading Co Ltd   49.45 2,340.00 163.60 4.10 0.00
63 Voltamp Transformers Limited   946.45 9,570.00 1.02 8.03 0.00
64 Saint-Gobain Sekurit India Limited   46.80 4,270.00 8.40 12.03 0.00
65 Aptech Ltd   234.05 9,410.00 -6.07 13.79 0.00
66 Smartlink Network Systems Ltd   94.00 2,120.00 -1.72 37.93 0.00
67 Appu Marketing and Manufacturing Ltd   315.35 4,600.00 329.71 -4.37 0.00
68 Orient Refractories Ltd   133.55 16,110.00 - 20.02 0.00
69 Indian Toners & Developers Ltd   163.45 1,310.00 12.33 20.35 0.00
70 Vedvaag Systems Ltd   68.80 974.18 36.54 14.60 0.00
71 Rubfila International Ltd   47.05 2,040.00 15.70 8.83 0.00
72 Aplaya Creations Ltd   14.14 2,030.00 144.30 0.83 0.00
73 Goodyear India Limited   770.60 17,810.00 - 12.49 0.00
74 Coral India Finance & Housing Ltd   162.00 1,610.00 -13.80 67.03 0.00
75 Divyashakti Granites Ltd   127.00 1,260.00 14.20 14.62 0.00
76 Alembic Limited   36.95 9,870.00 -9.00 6.61 0.00
77 Credit Analysis And Research Ltd   1,479.00 43,710.00 10.33 - 0.00
78 Krishna Ventures Ltd   591.70 6,390.00 27.49 -64.68 0.00
79 Sangam Advisors Ltd   34.50 345.51 28.74 31.83 0.00
80 Maharashtra Scooters Ltd.   1,834.80 21,050.00 7.69 -87.55 0.00
81 AstraZeneca Pharma India Limited   950.00 23,770.00 - 6.36 0.00
82 Fortis Malar Hospitals Ltd   69.95 1,310.00 9.18 14.84 0.00
83 Amba Enterprises Ltd   152.50 1,920.00 19.44 3.52 0.00
84 Fervent Synergies Ltd   28.75 871.27 22.58 9.97 0.00
85 Mount Everest Mineral Water Ltd.   102.00 3,470.00 3.76 5.71 0.00
86 DIC India Ltd   470.00 4,320.00 0.88 5.88 0.00
87 Sai Baba Investment & Com Entrprs Ltd   264.90 2,980.00 - 63.98 0.00
88 Balaji Telefilms Limited (Parent)   89.65 6,810.00 8.78 -10.20 0.00
89 Clariant Chemicals (India) Ltd.   670.25 15,390.00 - 6.67 0.00
90 Shilchar Technologies Ltd   385.40 1,470.00 1.69 16.73 0.00
91 UP Hotels Ltd.   297.70 1,560.00 5.56 11.98 0.00
92 Oswal Greentech Ltd   26.85 6,900.00 18.37 - 0.00
93 Esab India Limited (Parent)   595.00 9,180.00 - 9.48 0.00
94 Eimco Elecon Ltd.   481.90 2,760.00 -5.54 11.63 0.00
95 Arihant Capital Markets Ltd   55.00 1,130.00 -3.29 22.90 0.00
96 Panasonic Energy India Co Ltd   275.10 2,050.00 6.41 5.33 0.00
97 Indo Tech Transformers Limited   210.25 2,240.00 10.97 -2.32 0.00
98 IVP Ltd   155.00 1,600.00 3.51 8.98 0.00
99 Bcpl International Ltd   48.75 1,920.00 - 71.10 0.00
100 Mindteck (India) Ltd   80.40 2,050.00 5.29 4.23 0.00
101 DISA India Ltd   5,000.00 7,270.00 - 9.55 0.00
102 Voith Paper Fabrics India Ltd   607.00 2,660.00 - 29.71 0.00
103 Indbank Merchant Banking Services Ltd   13.40 601.75 2.27 24.94 0.00
104 Panafic Industrials Ltd   8.92 732.56 -31.33 58.27 0.00
105 Prerna Infrabuild Ltd   36.50 439.55 -2.08 71.56 0.00
106 GMM Pfaudler Ltd.   518.00 7,570.00 8.42 - 0.00
107 Sreeleathers Ltd   129.60 3,180.00 - 19.67 0.00
108 Econo Trade India Ltd   31.40 586.22 48.45 1.79 0.00
109 Mahavir Advanced Remedies Ltd   150.65 1,670.00 - 51.82 0.00
110 Caprihans India Limited   98.50 1,290.00 5.00 5.14 0.00
111 India Nippon Electricals Ltd   545.30 6,130.00 8.16 - 0.00
112 Insilco Ltd   26.40 1,660.00 2.48 2.93 0.00
113 Arman Holdings Ltd   110.00 573.16 324.18 -2.90 0.00
114 Rajlaxmi Industries Ltd   2.85 857.64 176.58 -109.11 0.00
115 Goodricke Group Ltd.   267.35 5,780.00 - 6.03 0.00
116 NCL Research and Financial Services Ltd   14.25 2,020.00 9.03 -18.63 0.00
117 Bata India Ltd   529.50 67,890.00 - - 0.00
118 Artech Power & Trading Ltd   41.60 617.29 97.40 -4.02 0.00
119 Oswal Agro Mills Ltd   10.32 1,390.00 65.91 - 0.00
120 Goenka Business & Finance Ltd   84.25 1,100.00 20.91 -68.98 0.00
121 Walchand Peoplefirst Ltd   159.80 464.04 12.13 7.29 0.00
122 CMI FPE Ltd   618.00 3,050.00 -12.72 -1.53 0.00
123 Alufluoride Ltd   64.55 449.10 12.09 6.75 0.00
124 Amrapali Fincap Ltd   83.05 1,120.00 -31.44 13.41 0.00
125 Greaves Cotton Ltd   166.20 40,470.00 - - 0.00
126 Shivkrupa Machineries and Engr Svcs Ltd   61.40 832.17 - 103.50 0.00
127 Dolat Investments Ltd   2.40 422.40 18.04 3.58 0.00
128 Swagruha Infrastructure Ltd   5.00 342.74 -0.90 24.36 0.00
129 Yantra Natural Resources Ltd   0.31 1,880.00 -21.02 4.67 0.00
130 Marathon Nextgen Realty Ltd   257.40 7,380.00 -42.20 -120.11 0.00
131 Tejnaksh Healthcare Ltd   370.65 818.40 - 76.82 0.00
132 Dwitiya Trading Ltd   292.00 7,310.00 - -4.02 0.00
133 Kirloskar Brothers Investments Ltd   4,445.50 23,450.00 - - 0.00
134 Piramal Phytocare Ltd   84.60 2,200.00 -16.76 -0.75 0.00
135 Mahanivesh India Ltd   600.00 6,000.00 - -0.39 0.00
136 Pressman Advertising Ltd   63.00 1,480.00 - 20.32 0.00
137 Selan Exploration Technology Ltd.   171.65 2,810.00 -2.65 -31.89 0.00
138 R S Software (India) Ltd   95.70 2,460.00 -0.95 -43.90 0.00
139 Shree Global Tradefin Ltd   2.51 2,860.00 -28.36 -3.65 0.00
140 Triveni Enterprises Ltd   80.48 4,560.00 - 0.71 0.00
141 Superspace Infrastructure Ltd   99.40 20,930.00 - - 0.00
142 Intellivate Capital Ventures Ltd   12.40 360.84 -63.16 32.87 0.00
143 Morganite Crucible India Ltd   787.00 2,200.00 5.52 - 0.00
144 Jupiter Infomedia Ltd   76.00 768.66 -10.54 7.04 0.00
145 Jmd Ventures Ltd   2.67 383.80 16.95 0.08 0.00
146 Duke Offshore Ltd   145.10 712.89 - 48.51 0.00
147 Orissa Minerals Development Company Ltd   2,205.00 13,210.00 - - 0.00
148 Atlas Jewellery India Ltd   66.05 6,610.00 - -51.62 0.00
149 Adhbhut Infrastructure Ltd   53.55 589.05 - 76.68 0.00
150 De Nora India Ltd   234.10 1,240.00 - 16.40 0.00
151 South India Projects Ltd   167.40 842.34 - 23.71 0.00
152 Inditrade Capital Ltd   36.50 1,070.00 -17.11 1.31 0.00
153 Elegant Marbles & Granite Industries Ltd   108.60 488.25 3.51 3.71 0.00
154 ICVL Steels Ltd   19.20 605.57 - 52.83 0.00
155 Arihant Multi Commercial Ltd   134.40 4,690.00 - -9.22 0.00
156 Premier Capital Services Ltd   279.30 10,120.00 - - 0.00
157 Aadhaar Ventures India Ltd   1.20 1,890.00 -41.97 -3.76 0.00
158 Pranavaditya Spinning Mills Ltd   27.20 508.97 4.36 0.48 0.00
159 India Gelatine & Chemicals Ltd.   77.70 730.38 1.84 -3.50 0.00
160 Neil Industries Ltd   37.80 739.11 -13.78 3.55 0.00
161 Singer India Ltd   198.00 2,130.00 - 3.12 0.00
162 Kothari World Finance Ltd   72.00 535.50 - 70.40 0.00
163 Fluidomat Ltd   168.15 839.23 - 19.67 0.00
164 Exdon Trading Company Ltd   270.40 8,460.00 - - 0.00
165 Shree Tulsi Online Com Ltd   15.95 372.63 -45.78 14.85 0.00
166 Meenakshi Enterprises Ltd   306.15 3,800.00 - -114.26 0.00
167 Pneumatic Holdings Ltd   1,300.00 6,860.00 - - 0.00
168 Blue Circle Services Ltd   4.00 813.88 -15.31 -3.37 0.00
169 Valiant Communications Ltd.   73.00 536.60 13.48 - 0.00
170 Avance Technologies Ltd   0.31 614.39 -10.45 -1.70 0.00
171 Newtime Infrastructure Ltd   22.15 3,640.00 - -410.90 0.00
172 Partani Appliances Ltd   215.90 2,560.00 - -6.77 0.00
173 Iris Mediaworks Ltd   17.25 1,720.00 - 0.08 0.00
174 Punjab Communications Ltd   47.15 567.50 3.54 -45.91 0.00
175 TCFC Finance Ltd   33.55 352.19 -2.55 3.68 0.00
176 Sahara One Media & Entertainment Ltd.   74.50 1,600.00 -47.30 -149.60 0.00
177 ADC India Communications Limited   264.90 1,220.00 - 5.53 0.00
178 Jolly Plastic Inds Ltd   122.00 803.24 -28.87 -5.30 0.00
179 Uniphos Enterprises Ltd   69.00 4,800.00 - - 0.00
180 Prime Property Development Corp. Ltd.   29.75 504.05 - 23.02 0.00
181 RattanIndia Infrastructure Ltd   3.27 4,490.00 - - 0.00
182 Jackson Investments Ltd   4.20 1,220.00 -21.93 - 0.00
183 Mangalam Industrial Finance Ltd   1.77 1,700.00 - -4.12 0.00
184 Deccan Gold Mines Ltd   40.00 3,620.00 - - 0.00
185 Integra Engineering India Ltd   33.60 1,160.00 - -0.17 0.00
186 Softsol India Ltd   42.65 717.48 -4.58 - 0.00
187 Kappac Pharmaceuticals Ltd   112.85 3,320.00 - - 0.00
188 Alankit Ltd   22.90 3,260.00 - - 0.00
189 Atlanta Infrastructure and Finance Ltd   7.98 897.37 -53.21 - 0.00
190 Essar Securities Ltd   27.20 390.95 - 20.20 0.00
191 Neelamalai Agro Industries Ltd   1,008.00 632.37 - 6.93 0.00
192 Mukta Agriculture Ltd   83.85 1,820.00 - -1,062.55 0.00
193 ACI Infocom Ltd   6.70 740.29 -47.63 - 0.00
194 Shardul Securities Limited   39.10 684.19 -31.31 - 0.00
195 Industrial & Prudential Investment   1,298.00 2,270.00 - - 0.00
196 Matra Kaushal Enterprise Ltd   4.63 933.95 - -4.79 0.00
197 Saven Technologies Ltd   32.05 348.66 - 18.15 0.00
198 Dhyana Finstock Ltd   135.30 1,280.00 - -737.67 0.00
199 Synergy Bizcon Ltd   55.20 680.34 - -0.11 0.00
200 Zandu Realty Limited   1,255.35 1,010.00 - -61.92 0.00
201 Sujala Trading & Holdings Ltd   59.40 339.87 - 16.04 0.00
202 HB Stockholdings Ltd   16.75 417.68 -13.58 - 0.00
203 Integra Telecommunication and Software   50.00 528.00 -60.17 -4,005.65 0.00
204 Bombay Oxygen Corporation Ltd   5,680.50 852.08 - -16.79 0.00
205 Aroni Commercials Ltd   80.00 330.00 -10.89 - 0.00
206 Golden Goenka Fincorp Ltd   7.07 1,340.00 - - 0.00
207 ARC Finance Ltd   13.10 661.48 - -9.76 0.00
208 STEL Holdings Ltd   67.35 1,240.00 - - 0.00
209 Swadeshi Industries & Leasing Ltd   4.55 492.22 - -1.92 0.00
210 Mishka Exim Ltd   33.20 479.74 - -1.33 0.00
211 Layla Textile and Traders Ltd   41.55 1,030.00 - - 0.00
212 Safal Herbs Ltd   3.79 379.00 - 0.59 0.00
213 Cressanda Solutions Ltd   3.00 910.73 - - 0.00
214 Welcast Steels Ltd   575.00 366.94 - 0.44 0.00
215 Symbiox Investment & Trading Co Ltd   16.74 523.44 - -19.12 0.00
216 Emergent Global Edu and Services Ltd   126.50 577.98 - -207.62 0.00
217 Omansh Enterprises Ltd   21.95 389.61 - -3.44 0.00
218 ISL Consulting Ltd   30.60 366.12 - -0.85 0.00
219 Tulive Developers Ltd   157.00 547.05 - -491.14 0.00
220 Intellivate Capital Advisors ltd   15.00 466.13 - -40.37 0.00
221 Jaysynth Dyestuff India Ltd(NDA)   83.00 721.25 - - 0.00
222 Asya Infosoft Ltd   57.05 699.31 - - 0.00
223 Jayshree Chemicals Ltd   14.95 444.38 - -171.58 0.00
224 Bhilwara Technical Textiles Ltd   9.87 576.14 - - 0.00
225 Manvijay Development Co Ltd   59.60 386.21 - -1,298.24 0.00
226 Presha Metallurgical Ltd   38.95 556.59 - - 0.00
227 DRA Consultants Ltd   45.90 503.52 - - 0.00


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42 Comments on "Debt Free Companies in India 2017"

  1. Good information.Great work indeed. Thanks a lot.

  2. Shubho Mukherjee | January 21, 2017 at 12:43 am | Reply

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  3. Thanks a lot. Very informative. May God Bless You.

  4. hanumanth mokashi | January 10, 2017 at 2:51 pm | Reply

    I am 10 year old investors but still I am not gain in stock equity market so kindly only one single multibagger share shared me

  5. Good work

  6. Very lucid& informative for the layman to stwho wants to enter the jungle to stay away , where jackals & wolfs ,quacks proclaiming themselves as the pundits regarding stocks

  7. Its so informative ji.

  8. hi..very good insight..please share if you found any good fundamental penny stocks for 10 years long term

  9. Appreciated, Very useful information, Thank you.Please let me know id you have some penny stock suggestion
    Thank you
    BR

  10. Hello to every one, the contents present at this site are actually remarkable for people
    experience, well, keep up the good work fellows.

  11. very useful information. thanks for sharing such a fantastic article.please share me only 10 debt free stocks which can i buy in my portfolio.

  12. This is providing very good information. Really very good article who want to invest in good n debt free companies.

  13. I found the information you provided very useful. Now I am a retired person. Therefore tell me some penny stocks which are debt free, growing companies and management is good. Or you. may suggest some other modus operandi for making wealth by investing in stocks.

  14. reeses fun size | September 9, 2016 at 4:42 pm | Reply

    Right here is the right site for anybody who would like to understand this topic.
    You understand a whole lot its almost hard to argue
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  15. CHANDRASEKAR V | September 8, 2016 at 3:03 pm | Reply

    very useful information for beginners who wants to understand the stock market. Thank you

  16. Thank you Dude. Excellent Article and presented in simple form.
    Great Job.

  17. Krishna Kumar | August 26, 2016 at 8:47 pm | Reply

    Can you throw light on these two debt free companies. Are they good for investment? Kailash Auto Finance Ltd and Jmd Telefilms Industries Ltd

  18. I am intrested in debt free company, and i checked hear list of 70 debt free companies.I t is good information

  19. My son is 23 year old and your advice for long term saving from his salary in mutual fund and equity market, pl mention the select companies in both category

  20. Hi,
    Recently 63 Moons Technologies Ltd. was a favourite? I do not see this again in this update? Any recent negative development?

  21. I want to invest 1 lac re in share market for 10 year prospective , suggest me 5 multibager stocks.

  22. excellent

  23. Thanks a lot for sharing this, it is really helpful

  24. You provided all the details in very lucid manner.

  25. Arunachalam swaminathan | March 15, 2016 at 2:08 pm | Reply

    Very useful,information, compiled with deligence. Thanks

  26. VERY GOOD

  27. Mohammad Aamir | January 6, 2016 at 4:01 pm | Reply

    Congratulations, dear. The article provides the precise information I was looking for all around but unable to find. Very, very informative. Thanks again for this extremely useful post.

  28. dhananjay m sonsurkar | December 28, 2015 at 11:34 am | Reply

    very good information for new investors. please guide me for small & midcap multibagger stocks.

  29. awesome analysis

  30. good information about debt free company

  31. Chandrakant patel | October 22, 2015 at 4:23 pm | Reply

    Please guide me for small and multibagger stocks ,i am new in market

  32. out of my 20 years experience as investor of stocks I observe and learnt that investing in debt free stocks one can relax freely even when the stock market crashed.

  33. Good one

  34. I like zero debt free company

  35. I AM V HAPPY TO SEE THIS POST ,I WAS SEARCHING FOR THIS INFORMATION , PLEASE GIVE SOME INFORMATION ON FII HOLDINGS & AND HOW LARGE HOLDINGS HELP TO GROW THE COMPANY

  36. Sanyam jain | May 10, 2015 at 6:47 am | Reply

    Investing in Debt free companies are like investing in g-secs because their chances of running down are pretty low as compared to high debt cimpanies. But it takes decades for companies to become totally debt-free.

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