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Top Companies in India with Debt Reduction

High debt is a burden on a company. The interest payments eat into the profits. Thus, companies that are reducing their debt are well-received on the stock market.

The market likes these stocks because it can foresee higher profits in the years ahead due to the debt reduction. This will inevitably take the stock price higher.

Marketcap: Largecap
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CompanyCMP
(Rs)
Total Debt
(Prev FY, Rs m)
Total Debt
(Curr FY, Rs m)
Chg in Debt
(%)
D/E
(Prev FY, x)
D/E
(Curr FY, x)
MCap
(Rs m)
ABB INDIA2,802.91350-100.0%0.00.0593,947
SIEMENS2,959.6410-100.0%0.00.01,053,974
DIVIS LABORATORIES3,385.640-100.0%NM0.0898,757
SUN PHARMA1,043.638,68612,903-66.6%0.10.02,503,946
EICHER MOTOR3,167.61,574588-62.6%0.00.0866,269
UNITED SPIRITS767.58,7903,417-61.1%0.20.1559,845
TUBE INVESTMENTS OF INDIA2,662.919,1468,038-58.0%0.80.3514,180
HINDUSTAN ZINC347.371,77031,030-56.8%0.20.11,467,453
JINDAL STEEL & POWER587.9293,096128,620-56.1%0.90.4599,710
CIPLA1,047.117,5568,241-53.1%0.10.0845,120
ULTRATECH CEMENT6,716.9204,878102,028-50.2%0.50.21,939,017
ICICI LOMBARD GENERAL INSURANCE1,131.24,8502,550-47.4%0.10.1555,529
COAL INDIA222.558,82933,098-43.7%0.20.11,370,899
ITC345.79856-43.0%0.0NM4,290,904
DLF356.066,63439,600-40.6%0.20.1881,087
NESTLE19,213.2531341-35.9%0.00.01,852,454
MARUTI SUZUKI8,734.94,9433,846-22.2%0.00.02,638,624
HAVELLS INDIA1,171.14,9103,937-19.8%0.10.1733,674
TORRENT PHARMA1,537.848,25540,181-16.7%0.80.7520,461
INDIAN OVERSEAS BANK27.236,71630,706-16.4%14.311.4514,146
TATA CONSUMER735.412,06610,106-16.2%0.10.1683,195
TATA STEEL120.7814,420688,287-15.5%1.10.61,474,751
IDBI BANK50.9159,081143,450-9.8%6.65.8547,297
ONGC147.61,190,6121,077,758-9.5%0.50.41,856,849
GODREJ CONSUMER909.217,68316,077-9.1%0.20.1929,835

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 Indian companies reduced debt substantially this year?

As per Equitymaster's Stock Screener, these are the Indian companies which reduced the maximum debt this year.

Please note, the calculation is done on the basis of change in long term debt in the latest financial year.


Which are the debt free stocks in India?

As per Equitymaster's Stock Screener, these are some of the debt free stocks in India right now...

These companies have zero or negligible debt on their books as of latest financial year.


Investors have a liking for debt free stocks as they have the ability to tide over higher interest rate environments.

Do debt free companies bring huge profits?

Debt plays an important role in the present performance and future growth of any company.

It's really important to know the extent of leverage, especially in challenging times when interest rates are rising, and many businesses are still struggling due to the pandemic-led disruption.

Debt free stocks usually have relatively strong cash flows and come with low risk unlike companies with high debt, which are high risk.

So yes, it's very likely that you'll see a debt free company report decent profits.

Should you avoid high debt stocks?

Not necessarily. Many companies go down the route of taking debt because debt can help companies grow and expand. It's only when the debt is unserviceable that the company will find itself in trouble.

There is a good chance that companies with high debt can generate strong cash flows to service their interest cost and re-pay the debt comfortably. So even if a company has a pile of debt, it doesn't necessarily mean it is in trouble.

Check out Equitymaster's stock screener which lists out the high debt companies in India right now.

Why do investors have a liking for companies with debt reduction?

Investors like stocks with debt reduction because they foresee higher profits in the years ahead due to the debt reduction.

What are the other important parameters to consider when looking at a company's debt?

Analysts use the debt-to-equity ratio to depicts the financial leverage that the company uses in its operations.

Another popular ratio, other than the debt to equity ratio, is the interest coverage ratio. The interest coverage ratio measures the ease with which a company can pay back the interest due on its total debt.

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