Last Updated on 3 weeks ago by Raj Kumar
Zero debt companies in India in April 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 havepeace 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 April 2021.
Have a look at all famous investor’s portfolios here:-
List of zero debt companies in India – April 2021
|Company / Stock||Price||Market CAP(Rs Cr.)||D/E RATIO(x)|
|Coal India Ltd||132.15||81,440||0.06|
|ICICI Pru Life||444.35||63,804||0|
|Astral Poly Tech||1,685.35||33,860||0.07|
|New India Assurance||155.65||25,651||0|
|Dr Lal Pathlabs||2,730.60||22,758||0|
|Nippon Life AMC||344.4||21,110||0|
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:-
Which are debt free companies that pay dividends?
Companies which are debt free and give good dividend are –
Coal India Ltd
Which are debt free penny stocks in India?
Here is the list of debt free penny stocks in India
Bil Energy Sys
Excel Realty N Infr
Vikas Proppant & Gr
Tree House Edu
B C Power Contr
Noida Toll Brid
CIL Nova Petro
Ravi Kumar Dist