Debt Free Penny Stocks in India

Debt-free penny stocks are those that have little or no debt and are trading at a low price. Companies with zero debt usually have strong cash flows and thus have considerable flexibility in how they use the cash in their business.

Here's a list of debt free penny stocks in India.

Company	CMP (Rs)	MCap (Rs m)	P/E (x)	P/BV (x)	Profit CAGR (3 yrs, %)
AAA TECHNOLOGIES	74.7	959	29.9	3.7	NM
ABIRAMI FINANCIAL	35.2	190	31.7	1.0	350.3%
ASHIRWAD CAP	4.0	241	32.5	1.7	37.6%
ACCORD SYNERGY	29.4	102	NM	0.7	NM
ACE EDUTREND	2.2	20	NM	0.2	NM
ACE SOFTWARE	24.0	113	11.8	0.5	NM
ACHYUT HEALTHCARE	54.0	756	NM	4.1	154.7%
ADCON CAPITAL SERVICES LIMITED	1.5	507	685.3	1.4	NM
ADDI IND.	52.8	570	19.4	0.7	NM
ADHINATH TEX.	29.0	145	25.3	24.9	NM
AAYUSH FOOD & HERBS	32.0	104	NM	2.2	NM
ASHARI AGENCIES	2.1	18	NM	NM	NM
SKYLINE MILLARS	18.6	747	NM	3.0	NM
AGARWAL HOLDINGS	0.8	37	28.0	0.4	NM
AHMED.STEEL	24.5	100	NM	0.4	NM
ARMAN HOLDINGS	77.0	401	911.8	6.6	NM
AKM LACE AND EMBROTEX	52.7	159	NM	2.1	NM
ALEMBIC	84.2	21,613	28.0	1.0	NM
AMALGAMATED ELECTRICITY	41.0	114	NM	NM	NM
ACE MEN ENG	56.8	176	NM	4.5	NM
AMRAPALI FINCAP	12.1	163	NM	0.1	NM
ANUBHAV INFRA	12.2	261	NM	0.4	NM
BLS INFOTECH	2.2	945	10,504.7	2.3	58.7%
APPLE FINANCE	6.5	361	18.5	0.5	NM
CNI RESEARCH	2.3	266	NM	2.6	NM

* We show NM where the values are negative

Disclaimer: This is for information purposes only. These are not stock recommendations and should not be treated as such. Learn more about our recommendation services here... Also note that these screeners are based only on numbers. There is no screening for management quality.