Zero debt companies in India in July 2021

debt free / zero debt companies in India

Last Updated on 1 month ago by Raj Kumar

Zero debt companies in India in July 2021

Having debt on its book is not necessarily bad for a company / stock but recently there has been focus on companies which have zero debt.

It’s very important to know whether a company has a lot of debt on its books especially in these times where running business is quite challenging and company’s ability to payback on debt is a question.

Investors are preferring companies with negligible or no debt so that they have peace of mind investing in the debt free companies in India and best dividend paying companies.

Let’s have a look at all the zero debt companies in India in July 2021.

Have a look at all famous investor’s portfolios here:-

Radhakishan Damani Portfolio

Porinju Veliyath portfolio

Vijay Kedia stocks portfolio

Nemish Shah stocks portfolio

Mohnish Pabrai Stocks Portfolio

Ashish Kacholia stocks portfolio

zero debt companies in india
zero debt companies in india

List of zero debt companies in India – July 2021

Rating: 5 out of 5.
COMPANY / StockSECTOR – INDUSTRYPriceMarket CAP(Rs Cr.)D/E RATIO
TCSIT Consulting & Software 3,352.951,234,4100
InfosysIT Consulting & Software 1,567.10668,0290
HULPersonal Care2,470.50581,3180
Bajaj FinanceNBFC – Consumer5,995.00360,5880
WiproIT Consulting & Software 543297,3250.01
Asian PaintsPaints/Varnishes3,009.90289,8700
HCL TechIT Consulting & Software 979.05265,1390.06
ITCCigarettes202.95249,6230
Maruti SuzukiAuto – Cars/UV/CV7,555.50229,1040
Avenue SupermartSupermarkets3,339.00216,4930
Nestle IndiaFMCG Food & Beverages17,699.60170,2130.02
Sun PharmaPharma – Indian679162,1710.02
Titan Company Jewellery Retail1,737.75154,3680
HDFC LifeInsurance – Life692.2139,2940.05
Bajaj AutoAuto – 2 & 3 Wheelers4,204.90122,1850
Divis LabsPharma – Indian4,432.30117,3530
Pidilite IndDiversified2,172.00110,5890
Tech MahindraIT Consulting & Software 1,089.05105,4050.01
Dabur IndiaPersonal Care580.75102,8020.02
SBI LifeInsurance – Life1,016.05101,6020
Shree CementsCement – North27,282.0098,5000.09
Coal India LtdMining/Minerals146.8590,1300.07
Dr. ReddysPharma – Indian5,437.0090,3510.04
Godrej ConsumerPersonal Care874.7589,9070.05
ICICI Pru LifeInsurance – Life615.288,3840.1
CiplaPharma – Indian972.378,1060.07
Berger PaintsPaints/Varnishes805.6578,5340.05
Eicher MotorsAuto – 2 & 3 Wheelers2,685.6073,8140
SiemensCapital Goods – Diversified2,035.2072,3640
ICICI LombardInsurance – Non Life1,586.5072,4120.09
L&T InfotechIT Consulting & Software 4,051.8570,7400
Tata ConsumerFMCG Food & Beverages758.0569,7340.02
DLFReal Estate281.970,0140.09
MaricoPersonal Care537.1569,3450
GAILGas Distribution152.267,6270.1
Ambuja CementsCement – Pan India340.2567,7700
Info EdgeServices – eCom/Internet5,117.4565,5510
Cadila HealthcarePharma – Indian639.565,1920.05
Indus TowersTelecommunications – 
Allied Services
235.9563,0620.09
Havells IndiaElectronics/Electricals987.561,9160.08
HDFC AMCAMC2,901.6061,7840
Hero MotoCorpAuto – 2 & 3 Wheelers2,927.1058,6830
Aurobindo PharmaPharma – Indian974.0556,7510.01
Gland PharmaPharma – Indian3,384.2054,9670
NMDCMining/Minerals18554,1870.02
LupinPharma – Indian1,145.0052,0920
United SpiritsBeverages & Distilleries663.4548,2560
Colgate-PalmolivePersonal Care1,729.8047,0390.01
BoschAuto Ancl – Engine Parts15,035.0544,3860
PI IndustriesPesticides/Agro Chem2,915.4544,3530.05
BELDefence Contractor180.6543,5540
Balkrishna Ind.Tyres & Tubes2,273.7543,8400
P&GPersonal Care13,369.9043,4590
ConcorWarehousing/Supply Chain/
Road Transport
698.8542,3280.01
MindTreeIT Consulting & Software 2,580.7542,5390
Jubilant FoodRestaurant & QSR3,092.3040,8440
Bajaj HoldingsHolding – Diversified3,619.0040,2440
Astral Poly TechPlastics – Pipes & Fittings1,986.5039,9000.01
MphasisIT Consulting & Software2,123.3539,8060
IGLGas Distribution564.4539,3720
ABB IndiaCapital Goods – Diversified1,811.0038,5260
Alkem LabsPharma – Indian3,200.9538,4420
United BreweriesBeverages & Distilleries1,439.2538,1520.03
ACCCement – Pan India2,008.3537,8060.01
HoneywellCapital Goods – Diversified41,650.0037,0950
Max FinancialInsurance – Life1,063.7036,9110
GICInsurance – Reinsurance203.5536,0180
Abbott IndiaPharma – MNC16,740.4035,6410
HALDefence Contractor1,022.3534,2710
MRFTyres & Tubes80,394.6034,1750.06
VoltasAir Conditioners1,018.6033,8500
Petronet LNGGas Storage & Distribution223.933,5480
Page IndustriesBranded Hosiery/Knitwear29,624.6533,0700
IRCTCTravel Agen. / Tourism Deve. / 
Amusement Park / Catering
2,046.0032,7120
OracleIT Consulting & Software 3,612.1031,0900
Kansai NerolacPaints/Varnishes570.0530,8690
L&T TechIT Consulting & Software 2,898.6030,4290
TrentRetail – Apparel/Accessories853.2530,4390
Polycab IndiaElectronics/Electricals2,018.0530,0310.02
Sundaram FinanceNBFC – Diversified2,664.8029,7180
Relaxo FootwearLeather – 
Footwear/Accessories
1,161.2028,8540.07
Whirlpool IndiaElectronics/Electricals2,267.9528,5010
3M IndiaDiversified24,546.4027,5840
New India AssuranceInsurance – Non Life167.627,7850
Supreme Ind.Plastic Intermediaries/Products2,171.3027,6360
Dr Lal PathlabsDiagnostics3,255.2527,2320
AtulChemicals – Diversified8,906.7526,4800.03
Coromandel Int.Fertilisers891.726,2380
Tata ElxsiIT Consulting & Software 4,198.3526,2990
PfizerPharma – MNC5,662.0025,8320
GSK PharmaPharma – MNC1,513.8025,6970
Ipca LabsPharma – Indian2,020.0025,5940.01
Cummins IndiaEngines899.0524,9370
CoforgeIT Consulting & Software 4,112.0025,0150
EmamiPersonal Care552.624,5950
Oberoi RealtyReal Estate636.3523,0290.04
BHELCapital Goods – Power65.3522,7550
Nippon Life AMCAMC368.722,7610
Persistent SystemIT Consulting & Software 2,962.0023,0150
IndiaMARTServices – eCom/Internet7,054.2021,4280
List of zero debt companies in India

Having zero debt doesn’t necessarily mean the company is good. You need to be selective in picking the right company to invest in where there is future growth.

The above debt free companies in India / zero debt companies in India list definitely helps in finding some good companies where their net debt is zero.

Consider reading – Best dividend paying stocks

Liked the article? why not share with your friends using the share option. If you would like to read any other topic- please leave a comment below with your suggestion.

New to investments? Consider reading –

 How to start investing in share market – 10 Point guide to help you make a start!

13 safe investments with high returns in India

Is Zero Debt good for a company?

Having Debt free or zero debt is good for a company because they can avoid interest cost which can impact their balance sheets. But it’s not applicable for all the companies as some companies which are in finance business take debt to loan it further to make money. Also, some companies take loans to fuel their growth.

You need to check why a company is taking debt and how they are able to pay back their debt.

Which are the top debt free companies in India?

The top 10 debt free companies in India are as below:-

TCS
Hind. Unilever
Infosys
ITC
Asian Paints
HCL Tech
Maruti Suzuki
Wipro
Nestle India
Avenue Supermart

Which are debt free companies that pay dividends?

Companies which are debt free and give good dividend are –

Coal India Ltd
Hindustan Zinc
ITC
GAIL
Bharti Infratel
Bajaj Auto
Hero MotoCorp
TCS
Nestle India
Marico

Which are debt free penny stocks in India?

Here is the list of debt free penny stocks in India

Raj Rayon
Viji Finance
Bil Energy Sys
Goenka Diamond
Chromatic India
Ramsarup Ind
BSEL Infra
DQ Entertainmnt
Integra Garment
Bohra Industries
Sundaram Multi
Kaushalya Infra
Euro Multivis
Landmark Prop
Indosolar Ltd
TV Vision
TN Telecom
Excel Realty N Infr
CKP Leisure
GI Engineering
BAG Films
Usha Martin
Vikas Proppant & Gr
National Steel
Radha Madhav
Creative Eye
Kridhan Infra 
Bartronics
Vikas WSP
Magnum Ventures
Sintex Inds.
IL&FS Invest
Lypsa Gems
BLB Ltd.
Dharani Sugars
Andhra Cements
AB Infrabuild
Tree House Edu
B C Power Contr
Cinevista Ltd
Noida Toll Brid
CIL Nova Petro
Patspin India
Onelife Capital
Ducon Infra
RattanIndia Infra
Brightcom Group
Thomas Scott
Urja Global
STL Global
Ravi Kumar Dist
Mangalam Timber

Newsletter Updates

Enter your email address below to subscribe to our newsletter

2 Comments

Leave a Reply

error: Content is protected !!

Join our mailing list to receive latest updates and newsletters!

You have successfully subscribed to our blog!

There was an error while trying to send your request. Please try again.

We Invest Smart will use the information you provide on this form to be in touch with you and to provide updates and marketing.