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, %) |
|---|---|---|---|---|---|---|---|
| LINDE INDIA | 8,354.0 | 0.0 | 0 | 712,460 | 169.3 | 21.2 | 52.7% |
| 3M INDIA | 29,875.4 | 0.0 | 0 | 336,548 | 61.6 | 17.0 | 11.9% |
| BSE | 3,210.4 | 0.0 | 0 | 434,605 | 62.4 | 10.7 | 29.8% |
| COLGATE | 2,855.3 | 0.0 | 0 | 776,587 | 61.6 | 37.1 | 8.7% |
| CG POWER & INDUSTRIAL | 557.8 | 0.0 | 0 | 851,870 | 94.9 | 35.1 | NM |
| CRISIL | 4,469.4 | 0.0 | 0 | 326,820 | 50.2 | 14.2 | 22.9% |
| SCHAEFFLER INDIA | 3,334.9 | 0.0 | 0 | 521,257 | 57.8 | 10.4 | 45.7% |
| GIC OF INDIA | 341.3 | 0.0 | 0 | 598,777 | 9.1 | 1.6 | NM |
| GSK PHARMA | 2,132.8 | 0.0 | 0 | 361,301 | 68.3 | 22.8 | 86.8% |
| GUJARAT GAS | 551.7 | 0.0 | 0 | 379,750 | 34.5 | 5.2 | 8.4% |
| HDFC AMC | 3,716.4 | 0.0 | 0 | 793,392 | 40.8 | 11.2 | 4.1% |
| ACC | 2,524.4 | 0.0 | 0 | 474,050 | 20.4 | 2.9 | NM |
| ALFA LAVAL | 21,042.9 | 0.0 | 0 | 382,149 | 292.8 | NM | 10.2% |
| ORACLE FINANCIAL | 7,487.2 | 0.0 | 0 | 648,973 | 29.2 | 8.3 | 7.3% |
| INDRAPRASTHA GAS | 459.4 | 0.0 | 0 | 321,580 | 19.8 | 3.4 | 9.5% |
| IRCTC | 1,044.2 | 0.0 | 0 | 835,320 | 75.5 | 26.6 | 25.2% |
| ABBOTT INDIA | 25,864.9 | 0.0 | 0 | 549,610 | 48.0 | 16.1 | 17.0% |
| L&T TECHONOLOGY | 4,777.7 | 0.0 | 0 | 505,283 | 38.7 | 9.5 | 12.6% |
| BOSCH | 28,871.9 | 0.0 | 0 | 851,536 | 36.6 | 7.0 | 34.5% |
| MINDTREE | 3,433.4 | 0.0 | 0 | 566,126 | 29.9 | 10.0 | 29.9% |
| MAZAGON DOCK SHIP. | 2,410.3 | 0.0 | 0 | 486,123 | 32.9 | 8.1 | 40.5% |
| THE NEW INDIA ASSURANCE | 244.2 | 0.0 | 0 | 402,442 | 43.4 | 1.9 | NM |
| PI INDUSTRIES | 3,774.8 | 0.0 | 0 | 572,698 | 36.2 | 6.8 | 39.1% |
| PB FINTECH | 1,257.6 | 0.0 | 0 | 567,411 | NM | 10.0 | NM |
| P&G HYGIENE | 16,168.6 | 0.0 | 0 | 524,845 | 69.4 | 49.9 | 16.1% |
* We show NM where the values are negative
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