Zero debt companies in India in September 2020
Zero debt companies in India in September 2020
Having debt on its book is not necessarily bad for a company 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.
While we are having a stock market crash; 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.
Lets have a look at all the zero debt companies in India in September 2020.
Have a look at all famous investor’s portfolios here:-
Mohnish Pabrai Stocks Portfolio
Ashish Kacholia stocks portfolio
List of zero debt companies in India – September 2020
| COMPANY | Debt | CMP | M CAP(Rs Cr.) |
| TCS | 0 | 2,449.90 | 9,19,297 |
| Hind. Unilever | 0 | 2,098.70 | 4,93,100 |
| Infosys | 0 | 1,002.15 | 4,26,831 |
| ITC | 0 | 179.10 | 2,20,154 |
| HCL Tech | 0 | 810.60 | 2,19,970 |
| Maruti Suzuki | 0 | 6,964.75 | 2,10,391 |
| Asian Paints | 0 | 2,028.40 | 1,94,564 |
| Wipro | 0 | 316.50 | 1,80,862 |
| Nestle India | 0 | 16,087.05 | 1,55,104 |
| Avenue Supermarts Ltd. | 0 | 2,149.05 | 1,39,210 |
| Sun Pharma | 0 | 523.35 | 1,25,569 |
| HDFC Life Insurance Company Ltd. | 0 | 585.10 | 1,18,142 |
| Titan Company | 0 | 1,163.60 | 1,03,303 |
| Hindustan Zinc | 0 | 213.45 | 90,189 |
| Dabur India | 0 | 508.45 | 89,864 |
| Divis Laboratories | 0 | 3,344.40 | 88,783 |
| Dr. Reddys Laborat | 0 | 5,333.35 | 88,658 |
| Bajaj Auto | 0 | 3,050.95 | 88,284 |
| SBI Life Insurance Company Ltd. | 0 | 848.10 | 84,813 |
| Tech Mahindra | 0 | 804.65 | 77,743 |
| Coal India Ltd | 0 | 123.65 | 76,202 |
| Pidilite Ind | 0 | 1,455.10 | 73,938 |
| Hero MotoCorp | 0 | 3,112.65 | 62,172 |
| ICICI Prudential Life Insurance Company Ltd. | 0 | 421.75 | 60,558 |
| ICICI Lombard General Insurance Company Ltd. | 0 | 1,295.95 | 58,898 |
| Eicher Motors | 0 | 2,152.95 | 58,787 |
| Berger Paints | 0 | 578.50 | 56,185 |
| InterGlobe Aviation Ltd. | 0 | 1,315.20 | 50,608 |
| Tata Consumer Products | 0 | 540.60 | 49,819 |
| Aurobindo Pharm | 0 | 828.10 | 48,522 |
| HDFC Asset Management Company Ltd. | 0 | 2,215.45 | 47,154 |
| Larsen & Toubro Infotech Ltd. | 0 | 2,706.90 | 47,150 |
| Marico | 0 | 362.50 | 46,802 |
| Siemens | 0 | 1,256.85 | 44,759 |
| Muthoot Finance | 0 | 1,105.00 | 44,315 |
| Ambuja Cements | 0 | 220.00 | 43,684 |
| Info Edge | 0 | 3,487.30 | 42,725 |
| Havells India | 0 | 675.25 | 42,272 |
| GAIL | 0 | 92.10 | 41,811 |
| United Spirits | 0 | 543.70 | 39,507 |
| Bosch | 0 | 13,070.60 | 38,550 |
| Colgate-Palmo | 0 | 1,372.65 | 37,334 |
| Bharti Infratel | 0 | 199.35 | 36,872 |
| Abbott India | 0 | 16,506.15 | 35,074 |
| Alkem Laboratories Ltd. | 0 | 2,874.85 | 34,373 |
| Petronet LNG | 0 | 228.20 | 34,230 |
| P&G | 0 | 9,902.55 | 32,144 |
| Jubilant Food | 0 | 2,360.80 | 31,155 |
| IGL | 0 | 420.00 | 29,400 |
| Honeywell Auto | 0 | 32,747.05 | 28,953 |
| Bajaj Holdings | 0 | 2,587.50 | 28,797 |
| GSK Pharma | 0 | 1,697.90 | 28,763 |
| Hindustan Aeronautics Ltd. | 0 | 841.90 | 28,152 |
| Kansai Nerolac | 0 | 510.25 | 27,498 |
| Ipca Labs | 0 | 2,167.15 | 27,382 |
| Balkrishna Ind. | 0 | 1,394.45 | 26,957 |
| Whirlpool India | 0 | 2,124.10 | 26,949 |
| United Brewerie | 0 | 1,018.75 | 26,936 |
| ACC | 0 | 1,431.80 | 26,887 |
| NMDC | 0 | 86.90 | 26,607 |
| MphasiS | 0 | 1,397.45 | 26,069 |
| Oracle Fin | 0 | 2,990.70 | 25,707 |
| BEL | 0 | 103.90 | 25,316 |
| MRF | 0 | 58,950.60 | 25,002 |
| PFC | 0 | 93.40 | 24,658 |
| Coromandel Int. | 0 | 810.10 | 23,748 |
| Concor | 0 | 389.30 | 23,720 |
| Godrej Prop | 0 | 915.50 | 23,078 |
| Pfizer | 0 | 4,988.10 | 22,819 |
| Syngene International Ltd. | 0 | 567.85 | 22,714 |
| General Insurance Corporation Of India | 0 | 129.00 | 22,632 |
| Indian Railway Catering & Tourism Corporation Ltd. | 0 | 1,405.35 | 22,486 |
| Voltas | 0 | 679.50 | 22,484 |
| REC | 0 | 108.00 | 21,329 |
| Zee Ent. | 0 | 220.30 | 21,160 |
| 3M India | 0 | 18,747.50 | 21,119 |
| MindTree | 0 | 1,272.50 | 20,942 |
| Page Industries | 0 | 18,664.25 | 20,818 |
| Atul Ltd | 0 | 6,645.60 | 19,712 |
| Sanofi India | 0 | 8,478.95 | 19,528 |
| Sun TV | 0 | 484.50 | 19,093 |
| ABB India | 0 | 900.80 | 19,089 |
| The New India Assurance Company Ltd. | 0 | 113.40 | 18,688 |
| Gillette India | 0 | 5,557.65 | 18,110 |
| Supreme Inds. | 0 | 1,421.20 | 18,053 |
| AIA Engineering | 0 | 1,865.65 | 17,597 |
| L&T Technology Services Ltd. | 0 | 1,673.05 | 17,489 |
| Bata India | 0 | 1,334.70 | 17,155 |
| Nippon Life India Asset Management Ltd. | 0 | 279.65 | 17,118 |
| Astral Poly Tech | 0 | 1,126.35 | 16,970 |
| Relaxo Footwear | 0 | 673.80 | 16,727 |
| Escorts | 0 | 1,238.60 | 16,701 |
| Dr. Lal Pathlabs Ltd. | 0 | 1,986.15 | 16,554 |
| Max Financial Services | 0 | 610.50 | 16,458 |
| Emami | 0 | 370.15 | 16,454 |
| Natco Pharma | 0 | 890.80 | 16,219 |
| Laurus Labs Ltd. | 0 | 1,493.50 | 15,968 |
| Oberoi Realty | 0 | 429.35 | 15,611 |
| LIC Housing Fin | 0 | 303.30 | 15,306 |
| Rajesh Exports | 0 | 509.35 | 15,039 |
| Sumitomo Chemical India Ltd. | 0 | 300.00 | 14,974 |
| IndiaMART InterMESH Ltd. | 0 | 5,005.00 | 14,474 |
| Exide Inds. | 0 | 167.25 | 14,216 |
| Ajanta Pharma | 0 | 1,613.10 | 14,076 |
| Vinati Organics | 0 | 1,337.95 | 13,752 |
| Hexaware | 0 | 458.85 | 13,714 |
| Cummins India | 0 | 481.50 | 13,347 |
| Coforge Ltd. | 0 | 2,193.70 | 13,280 |
| Polycab India Ltd. | 0 | 879.70 | 13,102 |
| Indiabulls Ventures | 0 | 226.45 | 13,053 |
| Amara Raja Batt | 0 | 762.60 | 13,026 |
| Crisil | 0 | 1,725.35 | 12,508 |
| Schaeffler India | 0 | 3,867.75 | 12,091 |
| Tube Investments Of India Ltd. | 0 | 643.55 | 12,091 |
| BHEL | 0 | 34.65 | 12,065 |
| ITI Ltd | 0 | 130.40 | 12,064 |
| Castrol India | 0 | 119.15 | 11,785 |
| WABCO India | 0 | 6,000.35 | 11,381 |
| Dixon Technologies (India) Ltd. | 0 | 9,400.55 | 10,877 |
| AstraZeneca | 0 | 4,296.80 | 10,742 |
| Godrej Agrovet Ltd. | 0 | 529.15 | 10,163 |
| Navin Fluorine | 0 | 2,048.00 | 10,134 |
| Akzo Nobel | 0 | 2,164.35 | 9,857 |
| Metropolis Healthcare Ltd. | 0 | 1,868.00 | 9,467 |
| Thermax | 0 | 780.80 | 9,304 |
| Persistent Sys | 0 | 1,191.15 | 9,103 |
| Mahanagar Gas Ltd. | 0 | 919.15 | 9,079 |
| P&G Health | 0 | 5,273.10 | 8,753 |
| TTK Prestige | 0 | 6,305.45 | 8,740 |
| J B Chem | 0 | 1,125.85 | 8,701 |
| KEC Int. Ltd | 0 | 337.85 | 8,686 |
| Timken India | 0 | 1,101.75 | 8,287 |
| Kajaria Ceramic | 0 | 515.15 | 8,189 |
| Aegis Logistics | 0 | 235.10 | 7,986 |
| Tata Elxsi | 0 | 1,273.40 | 7,930 |
| GMM Pfaudler | 0 | 5,358.60 | 7,833 |
| KIOCL Ltd. | 0 | 124.10 | 7,718 |
| SKF India | 0 | 1,552.70 | 7,676 |
| V-Guard Ind. | 0 | 173.10 | 7,414 |
| Eris Lifesciences Ltd. | 0 | 539.50 | 7,325 |
| Avanti Feeds | 0 | 520.20 | 7,087 |
| Linde India | 0 | 818.70 | 6,982 |
| Alkyl Amines | 0 | 3,334.75 | 6,802 |
| Finolex Inds. | 0 | 543.05 | 6,739 |
| Indiabulls Ventures (PP) | 0 | 114.35 | 6,591 |
| Housing And Urban Development Corporation Ltd. | 0 | 32.80 | 6,566 |
| KRBL | 0 | 278.75 | 6,561 |
| BASF India | 0 | 1,512.35 | 6,546 |
| NALCO | 0 | 34.90 | 6,511 |
| Rites Ltd. | 0 | 255.40 | 6,385 |
| Edelweiss Fin | 0 | 67.55 | 6,313 |
| Quess Corp Ltd. | 0 | 426.55 | 6,295 |
| Indian Energy Exchange Ltd. | 0 | 206.90 | 6,198 |
| Johnson Controls-Hitachi | 0 | 2,267.30 | 6,165 |
| FDC Ltd | 0 | 357.90 | 6,119 |
| Westlife Deve | 0 | 392.45 | 6,109 |
| Blue Star Ltd | 0 | 632.60 | 6,093 |
| Vaibhav Global | 0 | 1,878.85 | 6,083 |
| Grindwell Norton | 0 | 546.80 | 6,054 |
| Radico Khaitan | 0 | 452.15 | 6,038 |
| Bharat Dynamics Ltd. | 0 | 318.50 | 5,838 |
| Rallis India | 0 | 300.15 | 5,837 |
| Hathway Cable | 0 | 32.75 | 5,797 |
| VST Industries | 0 | 3,684.75 | 5,690 |
| Jyothy Labs | 0 | 153.50 | 5,637 |
| Bajaj Elec. | 0 | 493.90 | 5,619 |
| TV18 Broadcast | 0 | 32.20 | 5,520 |
| Birlasoft | 0 | 195.70 | 5,422 |
| Carborundum Uni | 0 | 273.50 | 5,180 |
| Firstsource Sol | 0 | 74.25 | 5,153 |
| IDFC | 0 | 32.25 | 5,148 |
| Infibeam Avenues Ltd. | 0 | 76.90 | 5,112 |
| EIH | 0 | 86.60 | 4,950 |
| Godfrey Philips | 0 | 948.90 | 4,934 |
| Central Depository Services (India) Ltd. | 0 | 469.15 | 4,903 |
| IOL Chemicals | 0 | 829.95 | 4,872 |
| Mas Financial Services Ltd. | 0 | 860.60 | 4,704 |
| Sun Pha Adv Res | 0 | 179.30 | 4,699 |
| Cyient | 0 | 422.45 | 4,646 |
| VIP Inds. | 0 | 328.05 | 4,636 |
| NBCC | 0 | 25.75 | 4,635 |
| Redington | 0 | 119.05 | 4,632 |
| Cochin Shipyard Ltd. | 0 | 344.35 | 4,530 |
| Finolex Cables | 0 | 294.45 | 4,503 |
| Caplin Point | 0 | 593.80 | 4,492 |
| Tata Investment | 0 | 883.05 | 4,468 |
| Engineers India | 0 | 68.85 | 4,351 |
| Orient Electric Ltd. | 0 | 204.75 | 4,344 |
| Gujarat Pipavav | 0 | 89.55 | 4,329 |
| Thyrocare Technologies Ltd. | 0 | 805.90 | 4,258 |
| Zensar Tech | 0 | 186.25 | 4,199 |
| Bharat Rasayan | 0 | 9,855.20 | 4,187 |
| Nesco Ltd | 0 | 592.35 | 4,174 |
| Garware Technical Fibres | 0 | 1,993.25 | 4,173 |
| Sunteck Realty | 0 | 285.05 | 4,172 |
| Century Plyboards | 0 | 183.60 | 4,079 |
| Capri Global | 0 | 232.85 | 4,078 |
| TeamLease Services Ltd. | 0 | 2,375.65 | 4,062 |
| ABB Power Products | 0 | 949.25 | 4,023 |
| Lakshmi Machine | 0 | 3,687.30 | 3,939 |
| Dhanuka Agri | 0 | 825.30 | 3,927 |
| V Mart Retail | 0 | 2,138.90 | 3,886 |
| Network18 Media | 0 | 36.80 | 3,853 |
| Mishra Dhatu Nigam Ltd. | 0 | 205.40 | 3,848 |
| Star Cement Ltd. | 0 | 88.65 | 3,656 |
| Tanla Solutions | 0 | 264.55 | 3,586 |
| Den Networks | 0 | 74.60 | 3,560 |
| Graphite India | 0 | 182.15 | 3,559 |
| Lux Industries Ltd. | 0 | 1,408.80 | 3,558 |
| Sonata Software | 0 | 335.70 | 3,530 |
| Sterling And Wilson Solar Ltd. | 0 | 219.90 | 3,526 |
| MOIL | 0 | 148.35 | 3,521 |
| Kaveri Seed Co | 0 | 581.90 | 3,511 |
| Maharashtra Sco | 0 | 3,056.95 | 3,494 |
| GNFC | 0 | 223.35 | 3,471 |
| KEI Industries | 0 | 372.55 | 3,334 |
| TCI Express Ltd. | 0 | 867.45 | 3,327 |
| Gulf Oil Lubs (I) | 0 | 658.20 | 3,299 |
| Cera Sanitaryw | 0 | 2,432.65 | 3,164 |
| GE Power India | 0 | 463.35 | 3,115 |
| Delta Corp | 0 | 114.05 | 3,067 |
| Alembic | 0 | 118.10 | 3,033 |
| KPIT Technologies Ltd. | 0 | 107.70 | 2,953 |
| Inox Leisure | 0 | 286.05 | 2,942 |
| HEG Ltd | 0 | 759.85 | 2,933 |
| Intellect Design Arena Ltd. | 0 | 213.40 | 2,826 |
| Advanced Enzyme Technologies Ltd. | 0 | 251.05 | 2,804 |
| Bajaj Consumer Care | 0 | 190.00 | 2,803 |
| EClerx Services | 0 | 773.70 | 2,699 |
| BEML | 0 | 647.15 | 2,695 |
| ICRA | 0 | 2,790.95 | 2,694 |
| JSW Holdings | 0 | 2,384.65 | 2,647 |
| Gujarat Alkalie | 0 | 350.30 | 2,572 |
| Dishman Carbogen Amcis Ltd. | 0 | 163.80 | 2,568 |
| Responsive Ind | 0 | 95.85 | 2,558 |
| BSE Ltd. | 0 | 567.90 | 2,557 |
| GE T&D India | 0 | 99.00 | 2,535 |
| Prince Pipes & Fittings Ltd. | 0 | 226.30 | 2,490 |
| La Opala RG | 0 | 223.75 | 2,484 |
| Mahindra Logistics Ltd. | 0 | 343.55 | 2,459 |
| Sharda Cropchem | 0 | 271.55 | 2,450 |
| Astec Lifesc | 0 | 1,248.65 | 2,444 |
| TCNS Clothing Co. Ltd. | 0 | 394.45 | 2,425 |
| Gujarat Ambuja | 0 | 211.40 | 2,424 |
| Sobha | 0 | 255.00 | 2,419 |
| GSFC | 0 | 60.45 | 2,409 |
| Triveni Turbine | 0 | 73.35 | 2,371 |
| Just Dial | 0 | 378.85 | 2,340 |
| Orient Refract | 0 | 194.35 | 2,335 |
| Techno Electric & Engineering Company Ltd. | 0 | 207.80 | 2,286 |
| India Tourism | 0 | 258.75 | 2,219 |
| Himadri Speciality Chemical | 0 | 52.25 | 2,188 |
| NOCIL Ltd | 0 | 132.10 | 2,188 |
| Majesco Ltd. | 0 | 756.90 | 2,176 |
| Esab India Ltd | 0 | 1,372.65 | 2,113 |
| Federal Mogul | 0 | 378.20 | 2,104 |
| Marksans Pharma | 0 | 51.15 | 2,094 |
| Garden Reach Shipbuilders & Engineers Ltd. | 0 | 182.05 | 2,085 |
| Venkys | 0 | 1,444.35 | 2,035 |
| Jamna Auto | 0 | 50.90 | 2,028 |
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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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:-
HDFC Standard Life Insurance Company Limited
Bajaj Auto
SBI Life Insurance Company
ICICI Prudential Life Insurance Company
Siemens
Procter and Gamble Hygiene and Health Care
ACC
Sanofi India
Gillette India
Castrol India
Data is knowlknowledge.
Knowledge is power.
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