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Debt Free Stocks

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Here you get all NSE/BSE shares of companies with zero debt. These debt-free companies are financially robust, as they do not rely on borrowed capital. Investing in debt-free stocks reduces financial risk, providing stability and allowing these companies to focus on growth and reinvestment. Such stocks are often favored by conservative investors seeking stable, long-term returns.

List of Debt Free Company Shares

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L

LIC of India

875.75

-0.10%22,6845,53,91211.24-3.64 1,007.80715.30-2.27%-0.18%-10.35%34.30%0.06%4.051.32%49.36%0.87%66.13898.48868.5940.1176.00%87.50%

S

SBI Life Insurance

2,018.00

0.75%90,5542,02,30082.87-3.64 2,086.601,372.552.39%11.78%40.94%57.10%136.92%11.110.13%12.70%0.56%20.291,910.381,759.2358.5478.00%91.00%

T

Tata Motors

353.15

-0.93%6,21,8311,30,042-907.41 368.00306.307.19%7.19%7.19%7.19%7.19%161.27---362.96%---65.66-80.00%

H

HDFC AMC

2,584.90

-0.43%25,5051,10,63642.10-3.64 2,967.251,781.53-4.06%-7.23%18.66%136.41%90.70%14.931.66%27.46%39.50%96.872,751.632,494.4327.5776.00%87.50%

I

ICICI Lombard General Insurance

1,984.40

0.07%9,89898,71236.22-3.64 2,068.701,613.70-0.83%7.82%2.68%62.20%37.54%6.340.61%15.72%-8.50%42.731,971.361,889.8247.7678.00%87.50%

G

GIC of India

384.05

-0.09%15,37567,3787.06-3.64 525.50351.002.70%4.55%-6.95%156.80%171.51%1.002.59%14.56%-53.04%40.52380.87390.2949.6764.68%80.00%

T

Tata Investment Corporation

707.10

-1.17%58,28135,776109.31-3.64 1,184.70514.52-7.72%4.62%2.70%204.08%573.56%1.210.36%1.28%1.06%72.98834.44694.5134.4367.00%80.00%

T

Tata Elxsi

5,223.00

0.12%36,25432,53549.9440.32 7,474.004,700.00-0.37%-4.18%-29.11%-24.97%207.58%12.391.39%36.00%52.73%126.485,346.825,720.0945.3176.00%87.50%

Z

ZF Commercial

14,709.00

-1.05%1,60327,89951.12178.28 15,297.009,561.0014.90%8.77%18.62%56.91%154.74%7.240.15%14.57%18.66%214.2113,090.5412,953.4373.6668.36%80.00%

T

The New India Assurance Company

162.45

-0.54%21,18926,77225.18-3.64 221.80135.60-11.03%-16.60%-20.64%47.75%32.99%1.021.01%4.09%-4.80%6.65183.92178.6017.9463.68%80.00%

J

JSW Holdings

20,385.00

-3.04%1,31622,627157.55-3.64 27,740.0013,860.0022.41%7.99%38.11%361.86%499.14%0.58--0.66%-17,565.0620,123.6467.29--

M

Maharashtra Scooters

14,363.00

-0.68%13116,41548.17-3.64 18,538.008,822.00-2.75%-13.08%52.64%200.19%293.93%0.520.93%-0.62%-15,905.0013,755.5342.55-100.00%

L

LMW

15,095.00

0.13%4816,126139.0153.82 18,250.0013,450.05-3.91%6.29%-10.05%-11.13%-11.13%5.870.19%13.82%5.04%272.2815,250.3615,598.8344.4570.00%75.00%

U

UTI AMC

1,128.10

-1.41%3,69714,46122.29-3.64 1,494.80905.00-6.15%-14.85%-15.06%44.97%106.25%3.364.17%16.13%20.36%61.661,253.631,202.5535.7167.69%80.00%

C

Canara HSBC Life Insurance Company

120.57

-0.40%49,01111,454100.12-3.64 128.20106.00-0.77%8.21%8.21%8.21%8.21%7.710.32%-0.31%---54.49-75.00%

G

Garware Hi-Tech Films

3,680.00

-0.28%4,1338,55030.9114.07 5,378.102,317.3510.13%30.42%-27.32%415.80%333.58%3.860.29%8.95%18.66%106.733,442.353,597.6949.1055.86%-

M

MOIL

325.05

-0.69%40,3356,61422.43-89.71 405.60274.05-9.04%-7.70%-6.89%95.81%128.11%2.501.69%8.98%12.24%17.65360.34349.0338.3464.67%80.00%

C

CMS Info Systems

352.95

-0.63%35,0475,80516.4039.86 556.90340.20-0.61%-15.72%-31.58%5.69%48.17%2.522.66%17.83%21.24%21.73366.45439.0544.7069.74%80.00%

e

eMudhra

618.40

-0.68%4,3215,12152.3940.32 1,024.00603.90-2.71%-11.37%-30.49%100.88%139.78%6.330.20%11.53%14.08%9.34640.70738.1248.0950.00%70.00%

K

Kaveri Seed Company

972.45

0.37%5,3615,00217.3139.86 1,602.00845.00-7.20%-18.51%0.26%85.88%88.20%2.920.49%19.94%19.03%61.181,039.531,181.4540.2750.00%75.00%

S

Shilchar Technologies

3,814.20

0.95%2,4514,36427.562.71 4,350.003,761.00-8.80%-8.80%-8.80%-8.80%-8.80%11.660.19%-56.39%------

V

VST Industries

252.50

-0.84%10,9134,28914.1319.81 373.00242.05-1.94%-5.99%-22.68%-20.76%-27.59%3.395.38%24.08%27.46%175.81256.67275.2049.2367.25%80.00%

S

Suven Life Sciences

168.28

-1.93%18,4153,828-19.0339.86 299.99102.50-12.73%-24.28%25.72%160.90%167.96%14.33---143.87%-192.54194.1436.08--

R

RPG Life Sciences

2,215.10

0.31%3783,66417.0917.73 2,725.001,835.00-9.60%-6.85%1.16%148.41%474.16%6.651.08%23.39%43.40%55.822,316.442,291.3637.3050.00%-

S

Shanthi Gears

471.95

0.12%6963,62138.9540.93 619.80399.00-0.59%-16.84%-10.80%23.61%265.00%8.381.06%23.82%32.21%11.18499.33503.2638.7650.00%-

N

Nalwa Sons Investments

6,598.50

-0.32%2313,389139.77-3.64 8,948.004,600.00-0.25%-6.73%-15.60%181.64%665.13%0.22--0.34%-7,334.776,805.4035.06-100.00%

J

Jai Corp

132.78

-0.58%60,8552,33015.6431.10 401.0581.49-14.51%-17.05%-65.83%-24.30%38.10%1.790.34%3.51%5.76%2.33151.89121.2428.5358.83%-

B

Brightcom Group

11.52

-1.29%5,38,5392,3253.2440.32 22.008.92-9.43%-24.95%29.15%-65.82%360.80%0.28--11.66%-13.4813.4929.17-100.00%

S

Summit Securities

2,073.60

1.01%3962,26122.95-3.64 3,675.001,380.00-4.27%-7.13%-35.96%208.23%288.46%0.21-0.84%0.88%70.562,199.812,034.8237.9550.00%-

B

Bhansali Engineering Polymers

90.70

0.02%15,1562,25713.8632.24 157.6890.00-6.01%-14.07%-33.28%17.23%4.94%2.234.31%19.44%23.90%7.3297.32106.9032.1750.00%65.00%

G

GM Breweries

973.00

-1.97%26,1992,22316.8045.36 1,316.65579.95-20.52%40.72%18.54%97.09%182.32%2.450.71%18.43%17.08%68.521,029.62775.8739.1750.00%75.00%

K

Kalyani Investment Company

5,005.50

0.09%1752,18552.86-3.64 6,831.003,470.000.07%5.56%-21.70%164.51%258.89%0.26--1.05%-5,246.874,812.7142.28--

B

BF Investment

425.10

0.21%8531,60120.92-3.64 765.00406.00-7.34%-7.60%-40.71%43.18%45.68%0.24-6.99%3.98%115.17465.16478.6229.0650.00%-

J

Jindal Photo

1,483.70

-1.54%1,1231,5229.38-3.64 1,584.80536.0010.92%25.59%71.15%325.92%6,644.09%1.36--22.43%-1,348.10968.4360.84--

I

India Motor Parts & Accessories

1,025.80

-0.90%4651,28016.43178.28 1,331.95870.10-1.59%0.87%-12.65%36.97%93.31%0.512.91%3.57%4.07%61.631,059.451,038.0443.7150.00%-

R

Reliance Industrial Infrastructure

846.00

-0.30%5,4371,277108.3839.86 1,259.70726.45-3.09%-7.99%-29.55%-20.96%110.71%2.790.40%2.83%2.85%8.87885.67886.7835.5150.00%70.00%

V

Vardhman Holdings

3,632.00

0.12%391,1564.99-3.64 5,250.002,850.00-1.17%-9.79%-26.37%22.05%148.76%0.330.13%-7.71%-3,846.653,762.3838.31--

S

STEL Holdings

595.45

-2.93%15,1531,09950.26-3.64 633.30310.1045.16%26.93%25.62%320.52%792.73%0.46--1.12%-445.48423.2784.34--

W

Wealth First Portfolio Managers

1,013.50

0.48%341,08033.87-3.64 1,720.00801.20-6.10%-13.21%-33.63%234.88%978.19%7.191.57%-35.00%-1,129.331,087.5140.64--

G

GKW

1,712.00

-0.01%-1,021-34.71-3.64 2,750.001,371.000.76%-2.12%-36.29%185.52%272.94%2.64--4.61%-1,720.621,765.5848.08--

L

Lincoln Pharmaceuticals

494.70

-0.08%75799113.3023.69 979.50490.00-5.43%-11.46%-46.40%41.85%112.27%1.490.34%14.51%16.08%48.91525.61552.3331.4050.00%-

U

Uniphos Enterprises

142.00

-0.13%-98855.3862.32 192.68129.44-6.49%-8.20%-8.52%4.22%113.05%0.390.33%1.31%0.05%5.55148.94152.5736.8550.00%-

P

Prime Securities

286.00

-0.40%1,86496232.07-3.64 325.00196.85-6.08%7.14%-2.79%187.44%464.66%4.640.47%11.78%21.20%6.81293.55262.5541.3950.00%-

G

Gandhi Special Tubes

760.65

-0.05%12892414.1325.24 1,031.80585.50-8.24%-23.98%-14.20%24.73%223.68%3.271.94%24.95%27.86%44.54856.34757.7131.9350.00%-

T

TVS Electronics

474.90

-5.00%10,875886-347.726.44 739.35271.45-21.58%17.72%35.05%66.11%280.99%12.29--17.63%------

O

Oswal Greentech

33.41

-0.42%28,44285876.04-3.64 56.2930.15-10.57%-16.85%-38.44%47.51%47.51%0.37-1.85%3.07%0.0837.5440.3428.9550.00%-

B

BEML Land Assets

202.78

1.04%1,363844-210.76-4.20 258.40180.50-1.10%-10.35%-15.83%-25.63%-25.63%-401.25--7.32%-30.56%-208.08208.2539.5266.41%-

S

Sandesh

1,084.10

-0.41%-82117.179.48 1,762.451,005.00-6.20%-11.49%-35.59%29.81%88.44%0.610.44%9.61%7.11%272.161,157.651,168.0032.6450.00%-

O

Oswal Agro Mills

59.21

-0.13%2,0137956.8162.32 110.8057.50-12.06%-20.80%-20.96%30.28%448.24%0.89--15.32%-69.4577.6927.2550.00%-

G

GeeCee Ventures

356.30

0.86%6974520.72-4.20 465.00322.101.73%-7.29%-16.49%108.97%356.79%1.210.55%2.06%7.12%20.26351.89375.0047.0050.00%-

Showing 50 of 129 results

Please Note:

  • PE Ratio: Share Price/Earning Per Share
  • PB Ratio: Market Cap/Book Value
  • ROE: Net Income/Shareholder's Equity
  • ROCE: Earning Before Interest & Tax (EBIT)/Capital Employed
  • EPS: (Net Income-Preferred Dividend)/Weighted Average Number of Shares Outstanding
  • 50 DMA: Simple Moving Average of the past 50 days closing prices for a stock.
  • 200 DMA: Simple Moving Average of the past 200 days closing prices for a stock.
  • RSI: Relative Strength Index (14) is a momentum indicator to measure price changes to analyse overbought/oversold conditions.
  • MTF: % Amount Funded by Dhan.
  • Margin Pledge: % Collateral Benefit for Additional Margin.

*The scrips mentioned above are just for research purpose and not recommendations. Please do your own due diligence before investing.


What are the most accurate indicators?

Debt-free stocks represent companies that operate without any outstanding debt on their balance sheets, signifying strong financial health and reduced financial risk. The most accurate indicators include:

  • Zero or Negligible Debt-to-Equity (D/E) Ratio: A D/E ratio close to zero in financial statements indicates the company funds operations through equity or internal accruals, not borrowings.
  • High Interest Coverage Ratio: Since there are little or no debt obligations, operating profits easily exceed finance costs, often yielding a double or triple-digit interest coverage ratio.
  • Consistent Cash Flow Generation: Robust positive operating and free cash flows support day-to-day operations and future capex, independent of borrowings.
  • Strong Liquidity Ratios: High current and quick ratios indicate the business can meet all short-term obligations without relying on loans.
  • Solid Asset Quality: A high proportion of tangible net worth with minimal encumbrance on assets provides a financial buffer for business expansion or downturns.

How to identify good ones?

Identifying good debt-free stocks involves the following factors:

  • Debt-to-Equity Ratio: Target companies with extremely low or no debt to ensure financial safety and flexibility.
  • Steady Free Cash Flow and Cash Reserves: Focus on companies that consistently generate free cash flow and maintain ample cash buffers for operations and expansion.
  • Strong Profitability Metrics: Look for companies exhibiting consistent earnings growth and high return on equity (ROE).
  • Presence in Stable, Resilient Sectors: Favor industries like FMCG, Information Technology, and Pharmaceuticals, known for steady demand and competitive moats.
  • Competitive Advantages and Brand Strength: Identify businesses with sustainable competitive edges, strong brand recognition, or long-term customer contracts.
  • Institutional Ownership and Dividend Policy: Stocks with rising institutional holdings and a history of positive dividend payouts tend to reflect quality and shareholder focus.
  • Liquidity and Financial Transparency: Avoid low-liquidity stocks and companies with questionable financials to reduce investment risks.

How to analyse?

Analyzing debt-free stocks requires an examination of both their financial and the broader market conditions influencing their operations. This includes:

  • Balance Sheet: Confirm minimal or absent short-term and long-term debt on the company's balance sheet for financial robustness.
  • Cash Flow Statement Review: Examine operating and free cash flows to ensure adequate liquidity supporting growth and operational flexibility.
  • Profitability and Capital Efficiency Metrics: Evaluate return on equity (ROE), return on capital employed (ROCE), net profit margins, and earnings growth for efficient capital use.
  • Dividend Consistency: Review the track record of dividends, as debt-free companies often pay steady and reliable dividends.
  • Valuation and Market Pricing: Compare valuation multiples like EV/EBITDA and P/E ratios with peers to assess market pricing appropriateness.
  • Sector and Macroeconomic Considerations: Consider broader sector trends and prevailing macroeconomic factors influencing cash generation and reinvestment potential.
  • Institutional and Insider Activity: Monitor institutional shareholdings and insider transactions as signals of confidence and growth prospects.

Where do most investors or traders go right/wrong?

Successful investors appreciate the financial stability and lower risk profile of debt-free stocks, often using them as safe havens in volatile markets. They capitalize on the debt-free stocks' flexibility to weather downturns and invest in growth without interest burdens. Investors succeed with debt-free stocks when they prioritize long-term capital preservation and seek consistent compounding. Those who combine low-debt filters with strong growth and profitability metrics tend to make informed, low-risk decisions.However, common mistakes include overpaying for debt-free stocks, assuming risk-free superiority, ignoring valuation, or overlooking companies' growth challenges due to conservative capital structures. Some investors neglect sector prospects or buy purely for low debt without fundamental strength, increasing the risk of underperformance.Others fail to consider whether the company's cash reserves are effectively utilized or are accumulating unnecessarily. A balanced approach incorporating valuation, fundamentals, and risk management leads to better outcomes when investing in debt-free stocks.

Frequently Asked Questions

To find Debt Free stocks, search for companies that have no debt on their balance sheets. Prioritize firms with strong cash flow, consistent revenue growth, and solid management. Ensure the company has a competitive advantage and is well-positioned within its industry.
Debt Free stocks provide financial stability, as companies without debt are not burdened by interest payments. This allows more flexibility in capital allocation for growth and development. Such companies are often better equipped to handle economic downturns, offering safer investment opportunities.
Despite being debt-free, these companies can still face risks such as market volatility and operational challenges. Their growth might be slower compared to leveraged companies. Additionally, changes in industry dynamics or poor management decisions can adversely impact their performance.
Debt Free stocks can be suitable for beginners due to their typically lower risk. These companies offer financial stability and reduced vulnerability to economic shocks. Beginners should still conduct proper research to understand the company's fundamentals and ensure a sound investment decision.
Investing in Debt Free stocks can be advantageous due to their financial strength and stability. They often have the potential for steady growth and resilience during economic downturns. As with any investment, thorough research and understanding of the market are essential for success.

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