Top Debt Free Companies in India

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Explore the top debt-free companies in India and see why being free from loans helps them do better in tough times. Find out how not having debt can be a big advantage. Check out the list of debt-free stocks below.

See MoneyWorks4me's rating on Quality, Valuation, Price Trend and Overall Rating to take informed stock investing decisions.
Decizen:- Q: Quality, V: Valuation, PT: Price Trend

Top Debt Free Companies in India as on 11-Nov-2024 20 companies found


Company Name
DeciZen


CMP


Price
Change


Market
Cap (Cr)


52 Week
High


52 Week
Low


P/E


P/BV


EV /
EBITDA


5Y /
Profit Gr(%)
More Info
1
Q V PT
4,201 1.36% 14,99,697 4,586
02 Sep, 24
3,322
10 Nov, 23
31.61 14.81 20.99 9.50
2
(L)
Q V+ PT
477.9 -0.06% 5,98,214 528.5
27 Sep, 24
399.3
12 Mar, 24
29.06 8.20 20.98 9.70
3
Q V PT
2,502 -0.22% 5,89,160 3,035
23 Sep, 24
2,170
16 Apr, 24
57.38 11.60 37.07 8.85
4
Q V PT
922.7 0.87% 5,78,579 1,222
01 Aug, 24
598.5
13 Nov, 23
14.01 5.99 11.77 72.18
5
Q V+ PT
1,861 1.26% 4,98,650 1,887
21 Oct, 24
1,235
04 Jun, 24
29.63 7.24 17.56 9.72
6
Q V+ PT
1,808 -0.17% 4,34,604 1,960
30 Sep, 24
1,167
09 Nov, 23
39.32 6.29 27.07 22.72
7
Q V PT
11,478 1.51% 3,55,503 13,675
01 Aug, 24
9,738
18 Jan, 24
25.35 3.99 14.41 10.80
8
Q V+ PT
4,405 0.11% 2,94,268 5,675
09 Jul, 24
1,994
10 Nov, 23
35.69 9.63 22.60 26.62
9
Q V+ PT
10,005 0.96% 2,76,761 12,772
27 Sep, 24
5,350
10 Nov, 23
37.55 8.93 25.09 11.50
10
Q V+ PT
7,049 -1.63% 2,55,190 8,130
16 Oct, 24
3,360
10 Nov, 23
105.26 17.67 71.72 13.71
11
Q V+ PT
298.1 0.17% 2,17,539 340.4
10 Jul, 24
137.0
10 Nov, 23
47.87 12.50 32.37 15.69
12
Q V PT
3,105 -0.70% 1,59,033 3,414
30 Sep, 24
2,420
10 Nov, 23
83.15 18.25 51.26 13.81
13
Q V+ PT
5,883 -0.93% 1,57,639 6,276
15 Oct, 24
3,350
27 Mar, 24
85.86 11.26 52.81 3.51
14
Q V PT
1,565 -0.27% 1,57,267 1,935
03 Sep, 24
1,307
04 Jun, 24
72.09 9.67 64.06 7.34
15
Q V PT
704.3 -0.59% 1,52,497 761.0
03 Sep, 24
511.1
04 Jun, 24
90.06 9.77 128.18 2.95
16
Q V+ PT
7,100 0.86% 1,49,173 9,200
18 Jun, 24
4,193
28 Nov, 23
88.38 22.00 59.83 35.82
17
Q V PT
561.4 -0.54% 1,39,031 706.9
02 Jul, 24
408.6
23 Nov, 23
46.65 2.76 18.98 5.77
18
Q V PT
4,810 0.47% 1,31,218 5,105
27 Sep, 24
3,504
10 Nov, 23
31.36 6.94 23.51 12.35
19
(L)
Q V+ PT
1,576 -1.00% 1,28,549 1,702
09 Oct, 24
1,165
23 Nov, 23
28.73 4.53 17.15 24.56
20
Q V PT
968.1 -0.06% 97,469 1,324
09 Aug, 24
602.1
10 Nov, 23
23.25 4.58 15.48 15.65

Here are some potential benefits of investing in Debt Free stocks: 

Financial Stability: Debt-free companies are financially stable as they do not have the burden of repaying loans. This stability can lead to consistent performance and less risk of bankruptcy.

Lower Risk: Investing in debt-free companies reduces the risk associated with high-interest payments and financial distress during economic downturns.

Better Profit Margins: Without debt, companies can retain more of their earnings, leading to higher profit margins and potentially better returns for investors.

Resilience in Economic Downturns: Debt-free companies are better positioned to weather economic downturns and market volatility, as they do not have the pressure of meeting interest payments.

Higher Credit Rating: Companies without debt typically have higher credit ratings, making it easier for them to access capital if needed without compromising their financial health.

Strong Growth Potential: With more available capital, debt-free companies can reinvest in their business, driving growth and innovation.

Attractive to Investors: Debt-free companies are often seen as safe havens, attracting more investors which can lead to stock price appreciation.

Sustainable Dividends: Companies with no debt are more likely to sustain or increase dividend payments, providing a steady income stream for investors.

Operational Flexibility: Without debt obligations, companies have more flexibility to make strategic decisions and investments, enhancing long-term growth prospects.

Investor Confidence: Debt-free status often reflects prudent management and sound business practices, boosting investor confidence in the company's future.

News about Top Debt Free Companies in India

Life Insurance Corp - Quaterly Results

The company witnessed a 11.64% growth in the revenue at Rs. 1199009.90 millions for the quarter ended September 2024 as compared to Rs. 1073967.70 millions during the year-ago period.The Company's Net profit for the September 2024 quarter have declined marginally to Rs. 76208.60  millions as against Rs. 79250.20 millions reported during the corresponding quarter ended.Operating profit for the quarter ended September 2024 decreased to 87231.80 millions as compared to 90899.50 millions of corresponding quarter ended September 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202409 202309 % Var 202409 202309 % Var 202403 202303 % Var
Sales 1199009.90 1073967.70 11.64 2336711.30 2057595.30 13.57 4750695.80 4740046.10 0.22
Other Income 1111763.50 950722.70 16.94 2094927.40 1860865.90 12.58 3823318.20 3153195.30 21.25
PBIDT 87231.80 90899.50 -4.03 207733.40 200325.20 3.70 466123.70 416996.30 11.78
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBDT 87231.80 90899.50 -4.03 207733.40 200325.20 3.70 466123.70 416996.30 11.78
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBT 87231.80 90899.50 -4.03 207733.40 200325.20 3.70 466123.70 416996.30 11.78
TAX 11023.20 11649.30 -5.37 26914.30 25637.90 4.98 59365.80 53022.40 11.96
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT 76208.60 79250.20 -3.84 180819.10 174687.30 3.51 406757.90 363973.90 11.75
Equity 63250.00 63250.00 0.00 63250.00 63250.00 0.00 63250.00 63250.00 0.00
PBIDTM(%) 7.28 8.46 -14.04 8.89 9.74 -8.69 9.81 8.80 11.53
08 Nov, 2024

Life Insurance Corp - Quaterly Results

The company witnessed a 11.64% growth in the revenue at Rs. 1199009.90 millions for the quarter ended September 2024 as compared to Rs. 1073967.70 millions during the year-ago period.The Company's Net profit for the September 2024 quarter have declined marginally to Rs. 76208.60  millions as against Rs. 79250.20 millions reported during the corresponding quarter ended.Operating profit for the quarter ended September 2024 decreased to 87231.80 millions as compared to 90899.50 millions of corresponding quarter ended September 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202409 202309 % Var 202409 202309 % Var 202403 202303 % Var
Sales 1199009.90 1073967.70 11.64 2336711.30 2057595.30 13.57 4750695.80 4740046.10 0.22
Other Income 1111763.50 950722.70 16.94 2094927.40 1860865.90 12.58 3823318.20 3153195.30 21.25
PBIDT 87231.80 90899.50 -4.03 207733.40 200325.20 3.70 466123.70 416996.30 11.78
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBDT 87231.80 90899.50 -4.03 207733.40 200325.20 3.70 466123.70 416996.30 11.78
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBT 87231.80 90899.50 -4.03 207733.40 200325.20 3.70 466123.70 416996.30 11.78
TAX 11023.20 11649.30 -5.37 26914.30 25637.90 4.98 59365.80 53022.40 11.96
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT 76208.60 79250.20 -3.84 180819.10 174687.30 3.51 406757.90 363973.90 11.75
Equity 63250.00 63250.00 0.00 63250.00 63250.00 0.00 63250.00 63250.00 0.00
PBIDTM(%) 7.28 8.46 -14.04 8.89 9.74 -8.69 9.81 8.80 11.53
08 Nov, 2024
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