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Debt Free Smallcap Companies in India

The stock market loves debt free companies. These are perceived to be safe stocks. And the criteria of debt free becomes more important when it comes to smallcaps.

Smallcap stocks 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 you can track for starters...

Marketcap: Smallcap
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EXPORT
CompanyCMP
(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, %)
NIRMITEE ROBOTICS INDIA116.90.00421NM5.635.6%
NARENDRA PRO17.30.00123NM0.4NM
NAGARJUNA AGRI TECH6.40.0059NM2.4NM
NINTEC SYSTEMS 262.50.002,709NM15.647.9%
N K INDUSTRIES40.80.00245NMNMNM
NEELKANTH RO11.50.005822.00.865.3%
NOCIL203.90.0033,96816.92.2NM
NUCLEUS SOFTWARE395.20.0010,57922.02.1NM
NOVAPAN IND.1,090.10.0012,983NMNMNM
NOVARTIS637.20.0015,73329.32.1NM
NESCO587.10.0041,36717.32.31.6%
VEERHEALTH CARE24.80.20172317.81.2NM
OASIS SECURITIES74.10.00137NM1.1NM
OCTAL CREDIT26.90.00135115.01.0NM
OCTAWARE TECHNOLOGIES50.10.00180NM1.10.3%
NIRAV COMMERCIALS444.90.0017410.80.6111.0%
ODYSSEY TECH52.50.0082838.61.992.7%
OJAS ASSEST15.60.006,646NM9.6NM
OMNI AX`S SO3.10.0053NM0.4NM
OMKAR OVERSEAS3.20.0016NM1.5NM
ONESOURCE IDEAS100.00.00308NM11.3NM
ONTIC FINSERVE1.60.00141NM2.831.4%
O P CHAINS13.00.0089NM0.3NM
OSWAL AGRO MILLS34.50.004,62439.60.6NM
OSWAL CHEM.26.10.006,70314.80.3NM

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.

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FAQs

Which are the top debt free smallcap stocks in India right now?

As per Equitymaster's Stock Screener, these are the debt free smallcap stocks in India -


These smallcap companies do not have any debt on their books as per the most recent financial year.

Companies with low or zero debt stand a better chance at surviving than those with high debt.

However, if managed well, debt could help companies meet some of its expenditure. This is true to a certain extent for companies operating in capital-intensive sectors.

What are smallcap stocks?

According to the market regulator, smallcap stocks are companies which rank 251st and beyond in terms of their market capitalisation.

Investing in them is perceived to be risky. However, the potential for higher returns makes them an appealing investment avenue.

What is debt to equity ratio and why is it important?

The debt-to-equity (D/E) ratio is the total value of debt, or total liabilities, divided by the total value of equity.

Debt to Equity Ratio = (total liabilities / total equity)

The ratio is an important financial metric as it highlights how a company's capital structure is tilted, either toward debt or equity financing.

How should you screen smallcap stocks?

Investing in smallcap stocks can be a tall order because they are less proven, and so are rife with speculative investment due to lack of data and operation history.

If you're looking to invest in the smallcap space, this is how you should screen for the best smallcap stocks.

Why do investors have a preference for debt free smallcap stocks?

Investing in debt-free stocks is considered a good idea as these companies have a greater chance to survive and grow in the long term

This is even more important when it comes to smallcaps.

Smallcap stocks with zero debt usually have strong cash flows and thus have considerable flexibility in how they use the cash in their business.

How much should one invest in debt free smallcap stocks?

According to us, in a scenario of ideal allocation of funds, small cap stocks should not comprise more than 10% of one's total equity portfolio.

Further, we believe that a single small cap stock should ideally not form more than 2-3% of the total portfolio.

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