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 | 8,380.1 | 0.0 | 0 | 714,686 | 169.9 | 20.9 | 52.7% |
| 3M INDIA | 29,965.6 | 0.0 | 0 | 337,565 | 61.8 | 17.3 | 11.9% |
| BSE | 3,145.0 | 0.0 | 0 | 425,759 | 61.1 | 10.4 | 29.8% |
| COLGATE | 2,794.9 | 0.0 | 0 | 760,173 | 60.3 | 35.7 | 8.7% |
| CG POWER & INDUSTRIAL | 541.0 | 0.0 | 0 | 826,287 | 92.1 | 34.3 | NM |
| CRISIL | 4,358.0 | 0.0 | 0 | 318,674 | 49.0 | 13.2 | 22.9% |
| GSK PHARMA | 2,069.7 | 0.0 | 0 | 350,620 | 66.3 | 22.2 | 86.8% |
| GUJARAT GAS | 543.6 | 0.0 | 0 | 374,209 | 34.0 | 5.1 | 8.4% |
| HDFC AMC | 3,686.1 | 0.0 | 0 | 786,913 | 40.5 | 11.0 | 4.1% |
| ACC | 2,575.0 | 0.0 | 0 | 483,543 | 30.0 | 3.1 | NM |
| SCHAEFFLER INDIA | 3,277.2 | 0.0 | 0 | 512,231 | 56.8 | 10.7 | 45.7% |
| GIC OF INDIA | 331.9 | 0.0 | 0 | 582,198 | 8.9 | 1.5 | NM |
| ALFA LAVAL | 20,850.7 | 0.0 | 0 | 378,659 | 290.1 | NM | 10.2% |
| ORACLE FINANCIAL | 7,170.0 | 0.0 | 0 | 621,479 | 28.0 | 8.8 | 7.3% |
| INDRAPRASTHA GAS | 452.2 | 0.0 | 0 | 316,540 | 19.5 | 3.4 | 9.5% |
| IRCTC | 1,027.9 | 0.0 | 0 | 822,320 | 74.4 | 26.1 | 25.2% |
| ABBOTT INDIA | 25,725.0 | 0.0 | 0 | 546,638 | 47.7 | 15.8 | 17.0% |
| L&T TECHONOLOGY | 5,189.5 | 0.0 | 0 | 548,810 | 43.0 | 10.8 | 12.6% |
| MAZAGON DOCK SHIP. | 2,445.0 | 0.0 | 0 | 493,132 | 33.3 | 7.7 | 40.5% |
| BOSCH | 28,960.0 | 0.0 | 0 | 854,136 | 36.7 | 7.0 | 34.5% |
| MINDTREE | 3,433.4 | 0.0 | 0 | 566,126 | 29.9 | 10.0 | 29.9% |
| THE NEW INDIA ASSURANCE | 226.9 | 0.0 | 0 | 373,931 | 40.3 | 1.8 | NM |
| PI INDUSTRIES | 3,746.5 | 0.0 | 0 | 568,412 | 35.9 | 6.8 | 39.1% |
| P&G HYGIENE | 16,165.0 | 0.0 | 0 | 524,728 | 69.4 | 49.0 | 16.1% |
| NIPPON LIFE INDIA AMC | 582.0 | 0.0 | 0 | 366,927 | 33.2 | 9.6 | 20.3% |
* We show NM where the values are negative
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