Top 10 Debt-Free Stocks Under ₹50 in India — Top 20 List
Of the 477 companies priced under ₹50 in India on PositoAI, 28 report no debt (banks and lenders left out). First on the list is Coral India Finance and Housing Limited (Positivity Score 25,756). 11 of them have lease obligations (offices, buildings and similar) but no borrowings; the rest have neither. 1 of the top 10 has an active red or yellow flag.
A low share price does not make a stock cheap: what matters is the company's value compared with its earnings and assets (P/E, P/B). Very low-priced stocks are often small, thinly traded and more volatile. Prices are the last close.
| # | Company | Score | Price | Market Cap (INR Cr) |
P/E | P/B | Owes vs Owns |
Leases | ROE | Div Yield |
Flag | Sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Coral India Finance and Housing LimitedCORALFINAC | 25,756 | ₹27.61 | ₹111 | 7.7 | 0.54 | 0.07× | None | 6.9% | 0.65% | — | Real Estate |
| 2 | Rajnish Retail LimitedRRETAIL | 25,728 | ₹1.86 | ₹29 | 93.0 | 0.40 | 0.08× | None | 0.4% | 0 | — | Consumer Cyclical |
| 3 | Shipping Corporation of India Land and Assets LimitedSCILAL | 24,969 | ₹35.70 | ₹1,662 | 58.5 | 0.55 | 0.15× | ₹0 Cr | 0.8% | 1.49% | — | Real Estate |
| 4 | CCME Global LimitedCCME | 24,237 | ₹31.81 | ₹143 | Loss | 3.59 | 0.12× | None | -1.7% | 0 | — | Healthcare |
| 5 | Vardhman Acrylics LimitedVARDHACRLC | 24,052 | ₹41.60 | ₹334 | 4.1 | 1.32 | 0.26× | ₹0 Cr | 32.1% | 3.52% | — | Consumer Cyclical |
| 6 | K&R Rail Engineering LimitedKRRAIL | 24,007 | ₹15.23 | ₹63 | Loss | 0.76 | 0.42× | None | -18.1% | 0 | — | Industrials |
| 7 | Orosil Smiths India LimitedOROSMITHS | 23,822 | ₹6.31 | ₹26 | 1.1 | 1.03 | 0.15× | ₹0 Cr | 104.0% | 0 | — | Consumer Cyclical |
| 8 | Brightcom Group LimitedBCG | 23,653 | ₹8.75 | ₹1,766 | 1.7 | 0.17 | 0.12× | None | 9.6% | 0 | ⚑ | Communication Services |
| 9 | Rajdarshan Industries LimitedARENTERP | 23,500 | ₹32.20 | ₹10 | Loss | 0.49 | 0.01× | None | -0.3% | 0 | — | Basic Materials |
| 10 | Shekhawati Industries LimitedSHEKHAWATI | 23,462 | ₹22.00 | ₹75 | 6.1 | 3.45 | 0.31× | ₹1 Cr | 56.1% | 0 | — | Consumer Cyclical |
Top 20 | ||||||||||||
| 11 | DRC Systems India LimitedDRCSYSTEMS | 23,281 | ₹11.34 | ₹163 | 7.7 | 1.45 | 0.27× | ₹0 Cr | 18.9% | 0 | — | Technology |
| 12 | Country Condo's LimitedCOUNCODOS | 23,136 | ₹6.27 | ₹48 | 78.4 | 1.89 | 0.43× | None | 2.8% | 0 | — | Real Estate |
| 13 | Vakrangee LimitedVAKRANGEE | 23,079 | ₹5.43 | ₹588 | 77.6 | 3.22 | 0.38× | ₹4 Cr | 3.3% | 0 | — | Technology |
| 14 | Shaival Reality LimitedSHAIVAL | 23,022 | ₹33.00 | ₹38 | 6.1 | 1.75 | 0.05× | None | — | — | — | — |
| 15 | Pearl Polymers LimitedPEARLPOLY | 23,011 | ₹16.33 | ₹27 | Loss | 0.95 | 0.20× | None | -18.4% | 0 | — | Consumer Cyclical |
| 16 | Kamdhenu LimitedKAMDHENU | 22,654 | ₹35.15 | ₹990 | 11.8 | 2.50 | 0.12× | ₹9 Cr | 21.2% | 1.10% | — | Basic Materials |
| 17 | Standard Industries LimitedSIL | 22,243 | ₹17.99 | ₹115 | 1.9 | 1.01 | 0.40× | ₹4 Cr | 53.8% | 3.22% | — | Consumer Cyclical |
| 18 | Ashapuri Gold Ornament LimitedAGOL | 22,166 | ₹7.45 | ₹248 | 12.0 | 1.49 | 0.04× | None | 12.4% | 0 | — | Consumer Cyclical |
| 19 | TAKE LIMITEDTAKE | 22,112 | ₹11.50 | ₹168 | 29.5 | 5.42 | 0.14× | None | 18.9% | 0 | — | Healthcare |
| 20 | Allcargo Terminals LimitedATL | 21,952 | ₹25.37 | ₹639 | 17.4 | 1.81 | 0.72× | ₹769 Cr | 12.1% | 0 | — | Industrials |
Debt free in other groups · India
Debt free in other countries
Questions
Which companies priced under ₹50 in India have no debt?
The first five on PositoAI's list are Coral India Finance and Housing Limited (25,756), Rajnish Retail Limited (25,728), Shipping Corporation of India Land and Assets Limited (24,969), CCME Global Limited (24,237), Vardhman Acrylics Limited (24,052).
How many companies priced under ₹50 in India report no debt?
28 of the 477 companies priced under ₹50 in India on PositoAI report no debt (banks and lenders left out); this page shows the top 20.
How is this list made?
Companies whose latest annual balance sheet shows no borrowings, ordered by Positivity Score. Lease obligations (for offices, buildings and similar) are not counted as borrowing; they are shown in the Leases column. Banks and lenders are left out, because borrowing is part of their business. The list is updated every day from PositoAI's data.
Is a low share price a good sign?
A low share price does not make a stock cheap: what matters is the company's value compared with its earnings and assets (P/E, P/B). Very low-priced stocks are often small, thinly traded and more volatile.
Are lease obligations counted as debt on this list?
No. Many companies rent offices, buildings or equipment on long leases, and accounts show those payments as lease obligations. This list counts only borrowings, so a company with leases but no loans is debt free here. Each company's lease amount is shown in the Leases column.
Companies whose latest annual balance sheet shows no borrowings, ordered by Positivity Score. Lease obligations (for offices, buildings and similar) are not counted as borrowing; they are shown in the Leases column. Banks and lenders are left out, because borrowing is part of their business. Score is the Positivity Score; Owes vs Owns is everything a company owes compared with everything it owns (what each figure means); ⚑ marks an active red or yellow flag. All low price lists for India. PositoAI is for research and education only and is not investment advice.