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    Stock Lists / Debt-Free Stocks in India

    Debt-Free Stocks in India

    Debt-free stocks in India are shares of NSE and BSE listed companies that carry little or no debt, shown here as a debt-to-equity ratio at or below 0.05. Low-debt companies are often more resilient during downturns, and this list ranks the largest debt-free Indian companies by market cap alongside their sector and share price.

    Top Debt-Free Stocks in India

    #SymbolCompanySectorPrice ₹D/E
    1HDFCBANKHDFC Bank LtdFinancial Services₹720.30.00
    2ICICIBANKICICI Bank LimitedFinancial Services₹1,422.80.00
    3SBINState Bank of IndiaFinancial Services₹1,047.50.00
    4BAJFINANCEBajaj Finance LimitedFinancial Services₹1,079.90.00
    5HINDUNILVRHindustan Unilever LimitedConsumer Defensive₹2,010.40.03
    6INFYInfosys LimitedTechnology₹1,1440.05
    7M&MMahindra & Mahindra LtdConsumer Cyclical₹3,533.40.02
    8KOTAKBANKKotak Mahindra Bank LimitedFinancial Services₹423.70.00
    9MARUTIMaruti Suzuki India LimitedConsumer Cyclical₹13,3760.00
    10M&MMahindra & Mahindra Limited—₹3,3340.02
    11AXISBANKAxis Bank LimitedFinancial Services₹1,2650.00
    12HCLTECHHCL Technologies LtdTechnology₹1,316.10.03
    13ITCITC LtdConsumer Defensive₹2660.03
    14HALHindustan Aeronautics LtdIndustrials₹4,861.10.00
    15BAJAJ-AUTOBajaj Auto LtdConsumer Cyclical₹9,7600.00
    16BAJAJFINSVBajaj Finserv LtdFinancial Services₹2,0020.00
    17ETERNALETERNAL LIMITEDConsumer Cyclical₹3280.01
    18BELBharat Electronics LtdIndustrials₹411.90.00
    19LICILife Insurance Corporation of IndiaFinancial Services₹4220.00
    20SHRIRAMFINShriram Finance LimitedFinancial Services₹1,086.90.00
    21COALINDIACoal India LtdEnergy₹4010.04
    22DIVISLABDivis Laboratories LtdHealthcare₹9,2390.00
    23EICHERMOTEicher Motors LtdConsumer Cyclical₹8,0590.01
    24SOLARINDSSolar Industries India LimitedBasic Materials₹20,4000.05
    25HYUNDAIHyundai Motor India LtdConsumer Cyclical₹2,2670.05
    26SBILIFESBI Life Insurance Company LtdFinancial Services₹1,761.10.00
    27DLFDLF LtdReal Estate₹679.80.00
    28PIDILITINDPidilite Industries LtdBasic Materials₹1,629.50.03
    29ABBABB India LimitedIndustrials₹7,5090.02
    30CHOLAFINCholamandalam Investment and Finance Company LimitedFinancial Services₹1,862.90.00
    31TATACAPTata Capital LtdFinancial Services₹375.70.00
    32JIOFINJio Financial Services LtdFinancial Services₹238.40.00
    33ICICIAMCICICI Prudential Asset Management Company LtdFinancial Services₹3,139.60.00
    34POWERINDIAHitachi Energy India LimitedIndustrials₹33,3300.02
    35SIEMENSSiemens LtdIndustrials₹4,0890.01
    36TECHMTech Mahindra LtdTechnology₹1,640.90.05
    37CUMMINSINDCummins India LimitedIndustrials₹5,1930.00
    38BOSCHLTDBosch LimitedConsumer Cyclical₹48,6400.01
    39UNIONBANKUnion Bank of IndiaFinancial Services₹1860.00
    40CGPOWERCG Power and Industrial Solutions LimitedIndustrials₹8890.01
    41VBLVarun Beverages LtdConsumer Defensive₹4140.02
    42BSEBSE LimitedFinancial Services₹3,4050.00
    43POLYCABPolycab India LtdIndustrials₹9,0880.01
    44PNBPunjab National BankFinancial Services₹115.40.00
    45BAJAJHLDNGBajaj Holdings & Investment LimitedFinancial Services₹11,3400.00
    46BANKBARODABank of BarodaFinancial Services₹241.90.00
    47MUTHOOTFINMuthoot Finance LtdFinancial Services₹3,0910.00
    48INDIANBIndian BankFinancial Services₹882.40.00
    49GROWWBillionbrains Garage Ventures LtdFinancial Services₹191.460.01
    50CANBKCanara BankFinancial Services₹128.350.00

    Showing top debt-free stocks in india ranked by market cap. Open the stock screener to refine these filters.

    Frequently Asked Questions

    What are the best Debt-Free Stocks in India?

    This page ranks top Debt-Free Stocks in India on NSE & BSE using StockMagnets' stock screener. Each stock is included based on objective financial criteria and shown with its share price, sector, and key metric so you can compare them side by side.

    How is this list of Debt-Free Stocks in India calculated?

    The list is generated by StockMagnets' stock screener, which filters NSE & BSE listed companies against defined financial criteria and ranks the matching stocks. It reflects the latest available fundamentals and market data for each company.

    How can I track Debt-Free Stocks in India?

    Open any stock on this page to view its full profile, then add it to a free StockMagnets watchlist to follow its price and set alerts. You can also refine the criteria further in the stock screener.

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