Debt-free electric vehicle (EV) stocks have either eliminated their debt obligations or significantly reduced their debt levels.
Being debt-free can provide EV companies with advantages such as lower interest expenses, reduced financial risk, enhanced creditworthiness, and greater ability to invest in growth initiatives.
| Company | CMP (Rs) | D/E (Curr FY, x) | Total Debt (Curr FY, Rs m) | MCap (Rs m) | P/E (x) | P/BV (x) | Profit CAGR (3 yrs, %) |
|---|---|---|---|---|---|---|---|
| BHARAT ELECTRONICS | 278.7 | 0.0 | 0 | 2,037,235 | 45.3 | 11.5 | 24.0% |
| FIEM INDUSTRIES | 1,489.5 | 0.0 | 0 | 39,202 | 21.1 | 4.2 | 52.3% |
| BOSCH | 34,252.3 | 0.0 | 0 | 1,010,224 | 48.5 | 7.9 | 73.0% |
| CONCORD CONTROL | 1,729.5 | 0.1 | 27 | 10,897 | NM | 11.3 | 107.6% |
| GABRIEL INDIA | 426.4 | 0.0 | 252 | 61,250 | 29.1 | 5.6 | 43.7% |
| GREAVES COTTON | 174.5 | 0.0 | 493 | 40,568 | 228.4 | 3.0 | NM |
| AMARA RAJA BATTERIES | 1,246.9 | 0.0 | 533 | 228,214 | 23.5 | 3.1 | 13.0% |
| HBL POWER | 546.8 | 0.0 | 593 | 151,556 | 51.2 | 11.0 | 173.3% |
| UNIPARTS INDIA | 415.6 | 0.1 | 619 | 18,755 | 18.6 | 2.1 | 11.0% |
| KABRA EXTRUSION | 454.2 | 0.2 | 856 | 15,885 | 45.2 | 3.4 | 11.3% |
| OLECTRA GREENTECH | 1,419.1 | 0.1 | 1,207 | 116,481 | 116.4 | 11.9 | 113.6% |
| GRAPHITE INDIA | 474.0 | 0.0 | 1,766 | 92,608 | 20.0 | 1.6 | NM |
| SONA BLW PRECISION FORGINGS | 680.0 | 0.1 | 2,331 | 422,576 | 74.5 | 8.1 | 34.0% |
| MINDA CORPORATION | 485.0 | 0.2 | 3,482 | 115,942 | 45.7 | 5.5 | 36.0% |
| HERO MOTOCORP | 4,775.5 | 0.0 | 3,634 | 955,098 | 22.2 | 5.0 | 8.4% |
| HIMADRI SPECIALITY CHEMICAL | 492.7 | 0.2 | 6,004 | 243,212 | 50.4 | 7.1 | 105.6% |
| HEG | 411.1 | 0.1 | 6,194 | 79,323 | 58.4 | 1.8 | NM |
| EXIDE INDUSTRIES | 421.1 | 0.1 | 6,970 | 357,893 | 42.5 | 2.6 | 6.4% |
| ENDURANCE TECHNOLOGIES | 2,360.7 | 0.2 | 7,489 | 332,063 | 43.2 | 6.2 | 9.4% |
* We show NM where the values are negative
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