The stock market loves debt free companies. These are perceived to be safe stocks. Large institutional funds especially have a preference for the stocks of such companies.
Companies with zero debt usually have strong cash flows and thus have considerable flexibility in how they use the cash in their business.
| 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, %) |
|---|---|---|---|---|---|---|---|
| ALFA LAVAL | 23,774.0 | 0.0 | 0 | 431,747 | 330.7 | NM | 10.2% |
| LINDE INDIA | 6,636.9 | 0.0 | 0 | 566,023 | 129.4 | 15.8 | NM |
| 3M INDIA | 31,853.1 | 0.0 | 0 | 358,827 | 59.9 | 15.5 | 53.2% |
| BSE | 4,727.4 | 0.0 | 0 | 639,971 | 87.0 | 13.3 | 75.9% |
| COLGATE | 2,730.6 | 0.0 | 0 | 742,684 | 50.6 | 44.9 | 8.5% |
| CRISIL | 5,270.5 | 0.0 | 0 | 385,431 | 57.6 | 15.9 | 22.9% |
| SCHAEFFLER INDIA | 3,408.7 | 0.0 | 0 | 532,792 | 58.5 | 10.4 | 45.7% |
| GIC OF INDIA | 371.5 | 0.0 | 0 | 651,760 | 9.4 | 1.4 | 49.7% |
| GSK PHARMA | 2,436.3 | 0.0 | 0 | 412,715 | 61.1 | 24.6 | 27.1% |
| HDFC AMC | 4,181.1 | 0.0 | 0 | 893,427 | 40.4 | 13.1 | 13.6% |
| IRCTC | 800.0 | 0.0 | 0 | 639,960 | 53.3 | 18.2 | 81.1% |
| ABBOTT INDIA | 27,193.8 | 0.0 | 0 | 577,849 | 45.0 | 16.4 | 20.3% |
| LLOYDS METALS | 949.5 | 0.0 | 0 | 496,384 | 33.8 | 8.5 | 2,040.1% |
| L&T TECHONOLOGY | 5,132.7 | 0.0 | 0 | 543,252 | 41.4 | 9.7 | 25.1% |
| VEDANT FASHIONS (MANYAVAR) | 1,357.9 | 0.0 | 0 | 329,839 | 81.9 | 21.5 | 46.1% |
| MAZAGON DOCK SHIP. | 4,074.7 | 0.0 | 0 | 821,826 | 33.7 | 11.3 | 58.6% |
| PAGE INDUSTRIES | 44,614.2 | 0.0 | 0 | 497,621 | 80.1 | 33.3 | 18.7% |
| ONE 97 COMMUNICATIONS | 814.0 | 0.0 | 0 | 518,630 | NM | 3.6 | NM |
| PB FINTECH | 1,719.0 | 0.0 | 0 | 788,819 | 373.9 | 12.7 | NM |
| P&G HYGIENE | 15,803.5 | 0.0 | 0 | 512,993 | 75.9 | 55.0 | 1.2% |
| NIPPON LIFE INDIA AMC | 688.2 | 0.0 | 0 | 435,826 | 33.0 | 10.7 | 17.6% |
| SUPREME INDUSTRIES | 4,649.6 | 0.0 | 0 | 590,624 | 61.3 | 11.1 | 3.0% |
| SWIGGY LTD. | 413.1 | 0.0 | 0 | 924,703 | NM | 41.1 | NM |
| TATA TECHNOLOGIES LTD. | 948.4 | 0.0 | 0 | 384,736 | 59.5 | 12.0 | 41.6% |
| TATA INVESTMENT | 6,647.2 | 0.0 | 0 | 336,317 | 119.1 | 0.9 | 35.7% |
* We show NM where the values are negative
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