Debt Free Companies in India 2016

(Updated on October2016)

Market Market 5y revenue EBITDA Total debt/equity

SL Company name
Price (Rs.) cap growth rate (%) margin (%) (Recent yr) (%)

1 Infosys Ltd 1,038.10 2.37T 17.82 27.55 0

2 Hindustan Zinc Ltd 233.25 992.23B 7.22 46.55 0
3 ACC Ltd 1,594.95 298.84B 6.72 12.78 0
4 Oracle Financial Services Software Ltd. 3,226.15 274.83B 6.63 38.97 0
5 Colgate-Palmolive (India) Limited 972.2 263.09B 12.73 21.87 0
6 Castrol India Limited 474.7 234.45B 3.82 29.41 0
7 CRISIL Ltd. 2,266.50 161.11B 17.04 29.08 0
8 Bayer CropScience Ltd 4,413.00 155.49B 6.06 16.2 0
9 NBCC (India) Ltd 251.35 151.19B 13.27 5.97 0
10 Max Financial Services Ltd 554.05 148.41B 11.86 42.74 0
11 Whirlpool Of India Ltd. 1,020.45 130.07B 5.25 11.51 0
12 National Aluminium Company Limited 45.5 117.77B 2.39 13.76 0
13 Wabco India Ltd 6,250.00 117.49B 15.55 16.47 0
14 Indraprastha Gas Limited 776.65 108.38B 16.14 20.94 0
15 Sanofi India Ltd 4,157.25 94.48B 15.11 22.96 0
16 Akzo Nobel India Ltd 1,683.05 79.30B 20.1 11.81 0
17 Kirloskar Oil Engines Ltd 335 49.10B 0.26 9.77 0
18 Tata Elxsi Limited 1,395.35 43.55B 20.92 23.43 0
19 Monsanto India Limited 2,390.60 41.32B 8.31 18.68 0
20 ICRA Limited 3,966.00 39.25B 12.06 30.43 0
21 Zydus Wellness Ltd 915 35.67B 4.95 21.67 0
22 VST Industries Limited 2,256.00 34.75B 8.72 26.81 0
23 Tata Investment Corporation Limited 606.15 33.33B 0.25 92.75 0
24 Just Dial Ltd 428.7 29.79B 30.3 28.09 0
25 NESCO Ltd. 1,750.05 24.78B 17.43 71.05 0
26 Ingersoll Rand India Limited 712.35 22.68B 5.98 8.09 0
27 Novartis India Limited 684.8 21.99B 1.48 5.4 0
28 Vesuvius India Ltd 1,000.00 20.55B 9.72 18.25 0
29 Yamini Investments Company Ltd 38.5 20.05B 260.19 5.86 0
30 TV Today Network Ltd. 305.75 18.18B 13.23 17.63 0
31 WIM Plast Ltd 1,376.55 16.48B 17.84 21.93 0
32 Polaris Consulting & Services Ltd 160.05 16.31B 5.01 12.15 0
33 VST Tillers Tractors Limited 1,880.00 16.16B 8.64 16.08 0
34 Swaraj Engines Limited 1,198.00 15.00B 7.81 14.64 0
35 Ramco Systems Ltd 460.5 13.86B 17.02 18.66 0
36 Elantas Beck India Ltd 1,680.00 13.33B 6.49 20.04 0
37 JSW Holdings Ltd 1,195.00 13.28B 15.91 93.09 0
38 Merck Limited 701.5 11.61B 12.91 9.07 0
39 Kirloskar Pneumatic Company Ltd 825 10.60B 0.69 11.6 0
40 Atul Auto Ltd 478.7 10.48B 21.32 14.13 0
41 Shanthi Gears Ltd. 120.65 9.89B 2.3 18.34 0
42 G M Breweries Ltd 648.45 9.47B 9.19 22.93 0
43 SQS India BFSI Ltd 849.1 8.92B 26.08 21.6 0
44 Voltamp Transformers Limited 787.6 7.97B 1.02 7.08 0
45 Balmer Lawrie Investments Ltd. 316 6.95B 8.6 98.39 0
46 Balaji Telefilms Limited (Parent) 90 6.91B 8.78 0.2 0
47 Modi Udyog Ltd 227.5 6.88B 580.89 2.48 0
48 Krishna Ventures Ltd 591.7 6.39B 27.49 34.6 0
49 Reliance Industrial Infrastructure Ltd. 412.3 6.23B 9.87 22.84 0
50 Kalyani Investment Co Ltd 1,280.00 5.57B 39.79 95.12 0
51 Ultramarine & Pigments Ltd. 166.45 4.84B 13.33 18.13 0
52 Indag Rubber Ltd 178.4 4.69B 11.01 18.1 0
53 Vardhman Holdings Limited 1,454.00 4.60B 43.77 93.71 0
54 Stovec Industries Ltd 2,000.00 4.19B 22.01 17.11 0
55 Wendt India Ltd. 1,968.00 3.99B 7.9 16.61 0
56 Saint-Gobain Sekurit India Limited 39.5 3.60B 8.4 14.74 0
57 Mount Everest Mineral Water Ltd. 102 3.47B 3.76 5.71 0
58 Dhanleela Investments & Trading Co Ltd 70.65 3.34B 163.6 3.13 0
59 Multibase India Ltd 250.1 3.16B 13.31 20.41 0
60 D Link India Ltd 87 3.11B 41.29 5.28 0
61 ABM Knowledgeware Ltd 143.8 2.86B 7.95 35.74 0
62 Amba Enterprises Ltd 189.3 2.35B 19.44 6.53 0
63 Panasonic Energy India Co Ltd 290 2.17B 6.41 8.02 0
64 Mindteck (India) Ltd 84.65 2.14B 5.29 5.64 0
65 Singer India Ltd 193.05 2.07B 15.02 3.28 0
66 Sinclairs Hotels Limited 296 1.65B 21.11 42.8 0
67 UP Hotels Ltd. 297.7 1.61B 5.56 11.98 0
68 International Travel House Ltd. 199.95 1.60B 6.05 12.21 0
69 Divyashakti Granites Ltd 145.05 1.52B 15.72 21.54 0
70 Fortis Malar Hospitals Ltd 78.5 1.46B 9.18 14.84 0
71 Benares Hotels Ltd 1,105.00 1.43B 12.53 27.84 0
72 IVP Ltd 122 1.27B 3.51 9.2 0
73 Shilchar Technologies Ltd 299.9 1.14B 1.69 15.18 0
74 Panasonic Carbon India Co Ltd 495 1.13B 16.97 33.84 0
75 Indian Toners & Developers Ltd 137.65 1.10B 12.32 20.94 0
76 Fervent Synergies Ltd 23.5 705.00M 22.58 78.98 0
77 Pranavaditya Spinning Mills Ltd 26 500.27M 4.36 1.59 0
78 Elegant Marbles & Granite Industries Ltd 104 474.45M 3.51 3.78 0
79 Walchand Peoplefirst Ltd 138 402.00M 12.13 12.04 0
80 Jmd Ventures Ltd 1.7 245.30M 42.83 0.26 0
81 Danlaw Technologies India Limited 57.95 208.20M 11.01 9.34 0
82 Gujarat Intrux Ltd 60.5 207.84M 7.91 1.88 0
83 Hasti Finance Ltd 14.07 152.51M 56.28 41.46 0
84 BAMPSL Securities Ltd 0.43 127.26M 81.64 31.28 0