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

#	Symbol	Company	Sector	Price ₹	D/E
1	HDFCBANK	HDFC Bank Ltd	Financial Services	₹795.9	0.00
2	ICICIBANK	ICICI Bank Limited	Financial Services	₹1,400	0.00
3	SBIN	State Bank of India	Financial Services	₹1,051.6	0.00
4	BAJFINANCE	Bajaj Finance Limited	Financial Services	₹1,018.4	0.00
5	LICI	Life Insurance Corporation of India	Financial Services	₹432.1	0.00
6	HINDUNILVR	Hindustan Unilever Limited	Consumer Defensive	₹2,210.6	0.03
7	MARUTI	Maruti Suzuki India Limited	Auto	₹14,348	0.00
8	AXISBANK	Axis Bank Limited	Financial Services	₹1,362.6	0.00
9	M&M	Mahindra & Mahindra Ltd	Consumer Cyclical	₹3,533.4	0.02
10	INFY	Infosys Limited	Technology	₹1,040.9	0.05
11	KOTAKBANK	Kotak Mahindra Bank Limited	Financial Services	₹399.3	0.00
12	ITC	ITC Ltd	FMCG	₹289.9	0.03
13	BEL	Bharat Electronics Ltd	Industrials	₹415.05	0.00
14	BAJAJFINSV	Bajaj Finserv Ltd	Financial Services	₹1,855.7	0.00
15	HAL	Hindustan Aeronautics Ltd	Industrials	₹4,434	0.00
16	HCLTECH	HCL Technologies Ltd	Technology	₹1,078.1	0.03
17	COALINDIA	Coal India Ltd	Energy	₹438.9	0.04
18	ETERNAL	ETERNAL LIMITED	Consumer Cyclical	₹279.7	0.01
19	SHRIRAMFIN	Shriram Finance Limited	Financial Services	₹1,066.7	0.00
20	EICHERMOT	Eicher Motors Ltd	Consumer Cyclical	₹7,250	0.01
21	SBILIFE	SBI Life Insurance Company Ltd	Financial Services	₹1,784.4	0.00
22	DIVISLAB	Divis Laboratories Ltd	Healthcare	₹6,682.5	0.00
23	VBL	Varun Beverages Ltd	Consumer Defensive	₹510.65	0.02
24	SOLARINDS	Solar Industries India Limited	Basic Materials	₹18,659	0.05
25	ICICIAMC	ICICI Prudential Asset Management Company Ltd	Financial Services	₹3,360.4	0.00

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?

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