List of Zero debt companies in India in 2022

debt free / zero debt companies in India

Last Updated on 5 months ago by Raj Kumar

Zero debt companies in India in 2022

Having debt on its book is not necessarily bad for a company/stock but recently there has been a 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 were running a business is quite challenging and the company’s ability to pay back 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 2022.

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 – 2022

Here is the list of the top 100 debt-free stocks in India

COMPANY / STOCKSECTOR – INDUSTRYPriceMarket CAP(Rs Cr.)D/E RATIO(x)
TCSIT Consulting & Software – Large Cap3,432.601,269,7360
InfosysIT Consulting & Software – Large Cap1,542.85649,0370
HULPersonal Care2,149.20504,9740
ITCCigarettes266.65328,6000
Asian PaintsPaints/Varnishes3,016.25289,3180
HCL TechIT Consulting & Software – Large Cap1,050.20284,9890.06
WiproIT Consulting & Software – Large Cap485.1265,9350.01
Avenue SupermartSupermarkets3,666.20237,4870
Maruti SuzukiAuto – Cars/UV/CV7,279.25219,8920
Sun PharmaPharma – Indian883.3211,9330.02
Titan Company Jewellery Retail2,208.75196,0900
Nestle IndiaFMCG Food & Beverages16,995.45163,8630.01
Hindustan ZincMetals – Non Ferrous – Copper/Zinc/Alloys – Products304.8128,7880.06
Tech MahindraIT Consulting & Software – Large Cap1,290.75125,4390.01
HDFC LifeInsurance – Life565.95119,5640.05
Coal India LtdMining/Minerals187.4115,4900.07
Pidilite IndDiversified2,236.50113,6790
Divis LabsPharma – Indian4,165.85110,5900
SBI LifeInsurance – Life1,059.15105,9540
Bajaj AutoAuto – 2 & 3 Wheelers3,499.75101,2710
Dabur IndiaPersonal Care510.890,3020.02
Shree CementsCement – North23,973.6586,4990.09
Adani Wilmar Ltd.Others646.283,9850.01
DLFReal Estate329.1581,4750.09
L&T InfotechIT Consulting & Software – Mid Cap4,593.0080,5020
SiemensCapital Goods – Diversified2,216.0078,9160
Havells IndiaElectronics/Electricals1,238.5577,5710.05
Godrej ConsumerPersonal Care756.177,3170.05
CiplaPharma – Indian934.7575,4170.07
ICICI Pru LifeInsurance – Life510.0573,3100.1
FSN E-Comm(Nykaa)Online Service/Marketplace1,539.0072,9650
Ambuja CementsCement – Pan India365.472,5550
GAILGas Distribution160.271,1350.1
Tata ConsumerFMCG Food & Beverages764.9570,4940.02
Dr. ReddysPharma – Indian3,930.6565,4160.04
MaricoPersonal Care503.6565,1110
Berger PaintsPaints/Varnishes666.764,7580.05
Eicher MotorsAuto – 2 & 3 Wheelers2,362.4564,5950
ICICI LombardInsurance – Non Life1,281.4062,9030.03
United SpiritsBeverages & Distilleries817.459,3950
IRCTCTravel Agen. / Tourism Deve. / Amusement Park / Catering704.5556,3640
Bajaj HoldingsHolding – Diversified5,020.2555,8720
MindTreeIT Consulting & Software – Mid Cap3,373.8055,6120.09
BELDefence Contractor228.1555,5910
Indus TowersTelecommunications – Allied Services198.953,6020.09
HALDefence Contractor1,582.8552,9290
Hero MotoCorpAuto – 2 & 3 Wheelers2,563.3551,2190
MphasisIT Consulting & Software – Mid Cap2,694.0550,5990
Gland PharmaPharma – Indian3,055.8550,2080
Info EdgeOnline Service/Marketplace3,898.0550,2010
Page IndustriesBranded Hosiery/Knitwear44,911.5050,0940
ABB IndiaCapital Goods – Diversified2,254.2047,7680
Zomato Ltd.Online Service/Marketplace60.547,6250.06
Tata ElxsiIT Consulting & Software – Mid Cap7,508.0046,7570
NMDCMining/Minerals152.4544,6770.02
P&GPersonal Care13,756.0544,6530
Colgate-PalmolivePersonal Care1,581.1043,0040.01
ACCCement – Pan India2,245.4542,1670
Star HealthInsurance – Health726.241,7940.07
HDFC AMCAMC1,958.0041,7600
BoschAuto Ancl – Engine Parts13,848.9540,8460
L&T TechIT Consulting & Software – Mid Cap3,866.9040,8080
PI IndustriesPesticides/Agro Chem2,620.3039,7550.05
United BreweriesBeverages & Distilleries1,481.6539,1760
ConcorWarehousing/Supply Chain/Road Transport637.838,8610.01
Astral Poly TechPlastics – Pipes & Fittings1,925.7038,6910.01
Balkrishna Ind.Tyres & Tubes1,994.8538,5640
Alkem LabsPharma – Indian3,091.5536,9640
PayTMOnline Service/Marketplace56836,8380
Polycab IndiaElectronics/Electricals2,418.4536,1420.02
Abbott IndiaPharma – MNC16,984.3036,0900
Aurobindo PharmaPharma – Indian612.9535,9150.01
Schaeffler India Bearings2,288.2035,7650
VoltasAir Conditioners1,069.3035,3820
HoneywellCapital Goods – Diversified39,792.5035,1830
Cadila HealthcarePharma – Indian338.234,6230.05
LupinPharma – Indian723.8532,8970
Petronet LNGGas Storage & Distribution215.6532,3480
Oberoi RealtyReal Estate875.531,8330.04
Persistent SystemIT Consulting & Software – Mid Cap4,061.0031,0360.08
OracleIT Consulting & Software – Mid Cap3,517.1030,3340
Linde IndiaIndustrial Gases3,493.7529,7960
MRFTyres & Tubes69,913.6029,6510.06
Cummins IndiaEngines1,008.6027,9580
Policy BazaarOnline Service/Marketplace616.9527,7320
Deepak NitriteChemicals – Inorganic – Others2,028.6027,6690.06
Coromandel Int.Fertilisers911.4526,7510
Relaxo FootwearLeather – Footwear/Accessories1,071.9026,6820
GSK PharmaPharma – MNC1,526.2525,8560
Trident LtdTextiles – Furnishings/Terry Towels50.1525,5560.08
AtulChemicals – Diversified8,533.0025,2470.01
Ipca LabsPharma – Indian993.2525,1990.01
Supreme Ind.Plastic Intermediaries/Products1,980.4525,1570
Max FinancialInsurance – Life710.424,5170
IGLGas Distribution348.9524,4270
Kansai NerolacPaints/Varnishes451.324,3210
Vedant Fashions Ltd.Others999.3524,2550.07
ThermaxCapital Goods – Diversified2,028.7024,1730.01
Bata IndiaLeather – Footwear/Accessories1,856.8023,8650
Zee Ent.TV Broadcasting & Software Production248.2523,8450
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

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New to investments? Consider reading –

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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 costs which can impact their balance sheets. But it's not applicable for all the companies as some companies which are in the 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
    Infosys
    HUL
    Wipro
    Asian Paints
    HCL Tech
    ITC
    Avenue Supermart
    Maruti Suzuki
    Titan Company

  • Which are debt-free companies that pay dividends?

    Companies that are debt-free and give good dividends 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

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