List of Zero debt companies in India in 2021

debt free / zero debt companies in India

Last Updated on 4 weeks ago by Raj Kumar

Zero debt companies in India in 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 November 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 – November 2021

Rating: 5 out of 5.

Here the list of top 100 debt free stock in India

COMPANY / StockSECTOR – INDUSTRYPrice RsM CAP(Rs Cr.)D/E RATIO(x)
TCSIT Consulting & Software 3,397.751,293,6690
InfosysIT Consulting & Software 1,667.75720,3120
HULPersonal Care2,393.15565,3350
WiproIT Consulting & Software 646.75358,2810.01
HCL TechIT Consulting & Software 1,143.75320,6200.06
Avenue SupermartSupermarkets4,635.45299,2720
Asian PaintsPaints/Varnishes3,100.10299,5530
ITCCigarettes223.2276,5910
Maruti SuzukiAuto – Cars/UV/CV7,482.40236,1500
Titan Company Jewellery Retail2,383.55215,9410
Sun PharmaPharma – Indian795191,1790.02
Nestle IndiaFMCG Food & Beverages19,000.15180,5860.02
Tech MahindraIT Consulting & Software 1,477.85147,1250.01
HDFC LifeInsurance – Life680.45139,9000.05
Divis LabsPharma – Indian5,150.15136,3490
Pidilite IndDiversified2,313.65119,0480
L&T InfotechIT Consulting & Software 6,682.30117,1980
SBI LifeInsurance – Life1,145.55118,0650
Bajaj AutoAuto – 2 & 3 Wheelers3,707.25108,3230
Dabur IndiaPersonal Care585.85107,4860.02
Shree CementsCement – North28,635.25104,1590.09
Zomato Ltd.Online Service/Marketplace131.55101,3600.06
Coal India LtdMining/Minerals164.45104,8590.07
DLFReal Estate398.6106,4510.09
Godrej ConsumerPersonal Care956.6598,5770.05
ICICI Pru LifeInsurance – Life618.490,3950.1
Ambuja CementsCement – Pan India404.881,3420
Havells IndiaElectronics/Electricals1,262.9580,3450.08
Info EdgeOnline Service/Marketplace6,075.3577,9870
SiemensCapital Goods – Diversified2,186.6581,4800
Dr. ReddysPharma – Indian4,659.2079,4060.04
Tata ConsumerFMCG Food & Beverages809.576,0560.02
MindTreeIT Consulting & Software 4,492.4076,4990
MaricoPersonal Care568.4571,9610
Indus TowersTelecommunications – 
Allied Services
271.577,8570.09
CiplaPharma – Indian905.0573,3250.07
ICICI LombardInsurance – Non Life1,481.5574,3160.06
Berger PaintsPaints/Varnishes741.573,7460.05
United SpiritsBeverages & Distilleries947.3571,5520
Eicher MotorsAuto – 2 & 3 Wheelers2,484.8069,5010
IRCTCTravel Agen. / Tourism Deve. 
/ Amusement Park / Catering
845.766,3080
GAILGas Distribution148.8567,0500.1
Gland PharmaPharma – Indian3,700.2060,6040
MphasisIT Consulting & Software 3,235.8062,9510
HDFC AMCAMC2,647.2056,4780
Bajaj HoldingsHolding – Diversified4,829.7053,8110
Hero MotoCorpAuto – 2 & 3 Wheelers2,657.1053,3050
Cadila HealthcarePharma – Indian502.850,4500.05
BELDefence Contractor206.8549,3170
BoschAuto Ancl – Engine Parts16,952.3052,3480
L&T TechIT Consulting & Software 4,725.0051,8410
Jubilant FoodRestaurant & QSR3,689.3049,7560
Balkrishna Ind.Tyres & Tubes2,460.1047,0890
P&GPersonal Care14,227.8546,4540
PI IndustriesPesticides/Agro Chem2,999.9541,7530.05
ABB IndiaCapital Goods – Diversified2,119.9044,1610
Astral Poly TechPlastics – Pipes & Fittings2,184.6544,9160.01
United BreweriesBeverages & Distilleries1,658.5545,1540.03
ACCCement – Pan India2,333.4045,0690.01
HALDefence Contractor1,306.6045,2090
Alkem LabsPharma – Indian3,610.6543,8950
Abbott IndiaPharma – MNC20,049.4043,4440
Page IndustriesBranded Hosiery/Knitwear37,636.0543,2090
Colgate-PalmolivePersonal Care1,542.6041,3350.01
NMDCMining/Minerals143.1541,6440.02
LupinPharma – Indian922.942,2520
Aurobindo PharmaPharma – Indian689.3540,6080.01
ConcorWarehousing/Supply Chain/
Road Transport
655.141,6970.01
VoltasAir Conditioners1,204.5539,8960
OracleIT Consulting & Software 4,424.5037,9830
HoneywellCapital Goods – Diversified41,934.4037,7770
Tata ElxsiIT Consulting & Software 5,872.3038,2800
TrentRetail – Apparel/Accessories1,003.1539,0490
Petronet LNGGas Storage & Distribution229.5534,5680
Polycab IndiaElectronics/Electricals2,261.4035,2850.02
Max FinancialInsurance – Life973.633,4210
IGLGas Distribution473.933,3970
Relaxo FootwearLeather – Footwear/Accessories1,331.0034,5580
Oberoi RealtyReal Estate905.337,3550.04
MRFTyres & Tubes77,308.1533,2980.06
Persistent SystemIT Consulting & Software 3,923.7030,9930
Supreme Ind.Plastic Intermediaries/Products2,328.9529,7260
CoforgeIT Consulting & Software4,870.4530,6550
Kansai NerolacPaints/Varnishes545.0530,5570
Dr Lal PathlabsDiagnostics3,508.8530,3800
Zee Ent.TV Broadcasting & 
Software Production
300.9529,8240
3M IndiaDiversified25,400.7029,7960
Whirlpool IndiaElectronics/Electricals2,212.3026,5410
Ipca LabsPharma – Indian2,142.4027,0240.01
AtulChemicals – Diversified9,128.4026,3830.03
Sundaram FinanceNBFC – Diversified2,390.0527,4600
Nippon Life AMCAMC418.3526,2420
GSK PharmaPharma – MNC1,503.9527,4900
Bata IndiaLeather – Footwear/Accessories1,979.4526,2650
New India AssuranceInsurance – Non Life152.3525,0990
Cummins IndiaEngines895.724,7790
ICICI SecuritiesBroking & Allied Services73824,0070
BHELCapital Goods – Power68.2525,2100
EmamiPersonal Care531.2524,7150
GICInsurance – Reinsurance133.323,8250
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 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

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3 Comments

  1. It is good to learn and know the information about the top companies who are paying higher. Even it help many job seekers to find a better place. Subscribed your blog.

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