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Top 10 Low Debt Stocks in India — Top 100 List

Of the 2,393 companies in India on PositoAI, 2,102 have an Owes vs Owns figure (banks and lenders left out). First on the list is Naperol Investments Limited (0.00×). The median among them is 0.41×. 2 of the top 10 have an active red or yellow flag.

Positivity ScoreHigh dividendDebt freeLow debtLow PEBelow book valueHigh ROEHigh ROE + low PENo red flagsNo red or yellow flagsFundamentally strongNear 52-week lowNear 52-week highHigh score near 52-week lowHigh score near 52-week high
#Company Score Market Cap
(INR Cr)		 P/E P/B Owes vs
Owns		 ROE Div
Yield		 FlagSector
1 Naperol Investments LimitedNAPEROL 25,894 ₹311 28.8 0.34 0.00× 1.2% 3.36% — Basic Materials
2 Rajdarshan Industries LimitedARENTERP 23,500 ₹10 Loss 0.49 0.01× -0.3% 0 — Basic Materials
3 Agri-tech (India) LimitedAGRITECH 2,868 ₹51 Loss — 0.01× — 0 — Consumer Defensive
4 National Standard (India) LimitedNATIONSTD 26,372 ₹209 18.7 0.74 0.01× 4.0% 0 ⚑ Real Estate
5 Galaxy Agrico Exports LimitedGALAGEX 20,054 ₹155 8.1 2.81 0.01× 34.9% 0 — Industrials
6 Emkay Taps and Cutting Tools LimitedEMKAYTOOLS 25,615 ₹105 12.4 0.35 0.01× — — — —
7 Nirman Agri Genetics LimitedNIRMAN 25,572 ₹20 1.4 0.16 0.01× — — ⚑ —
8 Ace Integrated Solutions LimitedACEINTEG 23,169 ₹16 Loss 1.01 0.02× -7.9% 0 — Industrials
9 Alfred Herbert (India) LimitedALFREDHE 25,015 ₹208 5.7 0.36 0.02× 6.4% 0.75% — Industrials
10 Dhatre Udyog LimitedDHATRE 22,339 ₹41 Loss 0.87 0.02× -3.3% 0 — Basic Materials

Top 20

11 Swadeshi Polytex LimitedSWADPOL 26,297 ₹106 24.7 0.92 0.03× 3.7% 0 — Real Estate
12 Delaplex LimitedDELAPLEX 24,319 ₹128 19.0 1.42 0.03× — — — —
13 String Metaverse LimitedMETA 26,433 ₹830 10.2 2.51 0.03× 29.0% 0 — Technology
14 Kaushalya Infrastructure Development Corporation LimitedKAUSHALYA 22,986 ₹28 Loss 0.37 0.03× -0.7% 0 — Industrials
15 Addi Industries LimitedADDIND 24,389 ₹82 34.0 1.01 0.03× 2.9% 0 — Consumer Cyclical
16 Jai Corp LimitedJAICORPLTD 25,608 ₹1,687 10.0 1.13 0.03× 11.3% 0.58% — Basic Materials
17 Neelamalai Agro Industries LimitedNEAGI 24,238 — 5.3 0.60 0.03× 11.2% 0 — Consumer Defensive
18 Viram Suvarn LimitedVSL 23,915 ₹111 11.3 1.76 0.03× 15.8% 0 — Consumer Cyclical
19 Ashapuri Gold Ornament LimitedAGOL 22,166 ₹248 12.0 1.49 0.04× 12.4% 0 — Consumer Cyclical
20 Majestic Auto LimitedMAJESAUT 25,060 ₹377 3.9 0.56 0.04× 14.5% 13.71% — Real Estate

Top 50

21 MetroGlobal LimitedMETROGLOBL 25,016 ₹153 6.3 0.38 0.04× 6.0% 1.99% — Industrials
22 Supreme Holdings & Hospitality (India) LimitedSUPREME 26,585 ₹106 144.5 0.19 0.04× 0.2% 0 — Real Estate
23 Indo Borax & Chemicals LimitedINDOBORAX 21,832 ₹1,363 24.2 3.53 0.05× 13.9% 2.10% — Basic Materials
24 Kanchi Karpooram LimitedKANCHI 23,593 ₹163 21.3 0.76 0.05× 3.6% 0.27% — Basic Materials
25 Shradha AI Technologies LimitedSHRAAITECH 6,599 ₹117 12.6 — 0.05× — 3.07% — Technology
26 Shaival Reality LimitedSHAIVAL 23,022 ₹38 6.1 1.75 0.05× — — — —
27 J.G. Chemicals LimitedJGCHEM 22,384 ₹2,304 30.7 4.36 0.05× 14.3% 0.17% — Basic Materials
28 AAA Technologies LimitedAAATECH 20,968 ₹136 64.1 4.41 0.05× 6.9% 0.93% — Technology
29 Denta Water and Infra Solutions LimitedDENTA 25,566 ₹617 11.5 1.34 0.05× 11.7% 0.96% — Industrials
30 Jattashankar Industries LimitedJATTAINDUS 27,600 ₹31 17.3 1.63 0.05× 9.4% 0 — Consumer Cyclical
31 M.K. Exim (India) LimitedMKEXIM 23,205 ₹211 11.4 1.78 0.05× 15.4% 1.04% — Consumer Defensive
32 Global Education LimitedGLOBAL 21,336 ₹725 27.8 5.36 0.05× 20.9% 0.70% — Consumer Defensive
33 Suven Life Sciences LimitedSUVEN 16,841 ₹7,578 Loss 12.81 0.05× -66.4% 0 — Healthcare
34 Advani Hotels & Resorts (India) LimitedADVANIHOTR 24,008 ₹431 18.8 0.84 0.05× 4.4% 3.79% — Consumer Cyclical
35 Ahimsa Industries LimitedAHIMSA 20,628 ₹14 Loss 1.74 0.05× — — — —
36 Alembic LimitedALEMBICLTD 24,515 ₹2,318 7.2 0.95 0.06× 13.1% 2.42% — Real Estate
37 The United Nilgiri Tea Estates Company LimitedUNITEDTEA 24,147 ₹201 9.9 0.84 0.06× 8.4% 0.79% — Consumer Defensive
38 The Victoria Mills LimitedVICTMILL 23,625 ₹75 11.4 1.06 0.06× 9.3% 0.63% — Real Estate
39 Vivo Collaboration Solutions LimitedVIVO 22,046 ₹30 — 2.63 0.06× — — — —
40 Sreeleathers LimitedSREEL 24,890 ₹638 19.2 1.28 0.06× 6.7% 0.72% — Consumer Cyclical
41 AIA Engineering LimitedAIAENG 22,692 ₹33,911 26.8 4.23 0.06× 15.8% 0.43% — Industrials
42 63 moons technologies limited63MOONS 20,673 ₹3,996 Loss 1.13 0.06× -1.8% 0.26% — Technology
43 Cupid Breweries and Distilleries LimitedCUPIDALBV 24,791 ₹226 Loss 0.33 0.06× -0.9% 0 — Consumer Defensive
44 Thinkink Picturez LimitedTHINKINK 22,573 ₹25 9.0 0.17 0.06× 0.5% 0 — Communication Services
45 The Sandesh LimitedSANDESH 24,874 ₹740 6.9 0.52 0.07× 7.5% 0.49% — Communication Services
46 Oricon Enterprises LimitedORICONENT 24,979 ₹750 54.9 0.65 0.07× 1.2% 0.39% — Consumer Cyclical
47 Gandhi Special Tubes LimitedGANDHITUBE 23,167 ₹977 14.1 3.09 0.07× 23.6% 1.58% — Industrials
48 Coral India Finance and Housing LimitedCORALFINAC 25,756 ₹111 7.7 0.54 0.07× 6.9% 0.65% — Real Estate
49 Arrow Greentech LimitedARROWGREEN 22,819 ₹1,030 16.2 4.40 0.08× 27.2% 0.58% — Consumer Cyclical
50 Stallion India Fluorochemicals LimitedSTALLION 22,976 ₹2,239 36.2 3.29 0.08× 6.4% 0 — Basic Materials

Top 100

51 Wonderla Holidays LimitedWONDERLA 23,711 ₹2,975 29.3 1.66 0.08× 5.6% 0.39% — Consumer Cyclical
52 D.P. Wires LimitedDPWIRES 24,653 ₹293 15.7 1.10 0.08× 7.0% 0 — Industrials
53 Ascom Leasing & Investments LimitedASCOM 23,636 ₹219 30.1 3.99 0.08× — — — —
54 TAC Infosec LimitedTAC 21,936 ₹724 47.0 8.71 0.08× — — — —
55 Mercantile Ventures LimitedMERCANTILE 25,006 — 34.6 0.90 0.08× 2.6% 0 — Real Estate
56 Tainwala Chemicals and Plastics (India) LimitedTAINWALCHM 24,275 ₹186 23.3 1.09 0.08× 4.7% 1.37% — Basic Materials
57 Rajnish Retail LimitedRRETAIL 25,728 ₹29 93.0 0.40 0.08× 0.4% 0 — Consumer Cyclical
58 La Opala RG LimitedLAOPALA 24,590 ₹1,606 17.2 1.96 0.08× 11.3% 3.23% — Consumer Cyclical
59 Belding India LimitedBELDING 21,012 ₹1,292 Loss 1.23 0.08× -0.9% 0 — Basic Materials
60 Cheviot Company LimitedCHEVIOT 24,646 ₹622 9.1 0.88 0.08× 9.7% 2.20% — Consumer Cyclical
61 Kiri Industries LimitedKIRIINDUS 24,313 ₹3,056 0.5 0.47 0.08× 88.2% 0 ⚑ Basic Materials
62 Advanced Enzyme Technologies LimitedADVENZYMES 23,730 ₹2,852 17.5 1.75 0.08× 10.2% 0.51% — Basic Materials
63 Sun TV Network LimitedSUNTV 23,587 ₹23,656 15.5 1.87 0.09× 12.1% 3.15% — Communication Services
64 Lovable Lingerie LimitedLOVABLE 25,096 ₹95 16.9 0.53 0.09× 3.1% 0 — Consumer Cyclical
65 Shanthala FMCG Products LimitedSHANTHALA 26,758 ₹8 35.3 0.34 0.09× — — — —
66 Kronox Lab Sciences LimitedKRONOX 21,451 ₹731 25.5 6.30 0.09× 24.4% 0.25% — Basic Materials
67 Gujarat Intrux LimitedGUJINTRX 22,721 ₹147 14.1 2.25 0.09× 16.2% 5.86% — Basic Materials
68 NDL Ventures LimitedNDLVENTURE 21,094 ₹371 479.8 6.27 0.09× 1.2% 0.42% — Communication Services
69 Filatex Fashions LimitedFILATFASH 23,421 ₹141 — 0.06 0.09× 0.0% 0 — Consumer Cyclical
70 Tamboli Industries LimitedTAMBOLIIN 22,275 ₹334 31.5 2.73 0.09× 8.7% 0.40% — Industrials
71 Fiberweb (India) LimitedFIBERWEB 24,906 ₹72 13.9 0.39 0.09× 2.8% 0 — Consumer Cyclical
72 Ramco Industries LimitedRAMCOIND 24,248 ₹2,489 7.6 0.55 0.09× 7.3% 0.43% — Industrials
73 United Drilling Tools LimitedUNIDT 24,898 ₹374 16.8 1.34 0.09× 7.7% 1.19% — Energy
74 Sri KPR Industries LimitedSRIKPRIND 24,778 — 7.6 0.39 0.09× 5.3% 4.00% — Industrials
75 Hindustan Composites LimitedHINDCOMPOS 24,553 ₹579 22.7 0.51 0.09× 2.2% 0.47% ⚑ Consumer Cyclical
76 Zaggle Prepaid Ocean Services LimitedZAGGLE 24,932 ₹2,108 16.2 1.50 0.09× 9.9% 0 ⚑ Fintech SaaS — Spend Management
77 TAAL Tech LimitedTAALTECH 21,585 ₹1,383 22.2 5.64 0.10× 5.1% 0 — Industrials
78 Diamines and Chemicals LimitedDIAMINESQ 21,523 ₹243 Loss 1.54 0.10× -6.5% 0 — Basic Materials
79 Zen Technologies LimitedZENTEC 20,312 ₹14,051 78.0 7.44 0.10× 9.5% 0.06% — Industrials
80 Infollion Research Services LimitedINFOLLION 25,194 ₹142 20.7 2.32 0.10× — — — —
81 Concord Biotech LimitedCONCORDBIO 20,489 ₹13,293 43.8 6.59 0.10× 15.1% 0.55% — Healthcare
82 Data Patterns (India) LimitedDATAPATTNS 17,419 ₹21,842 81.5 12.58 0.10× 15.4% 0.24% — Industrials
83 Cello World LimitedCELLO 24,712 ₹8,036 26.0 2.98 0.10× 11.4% 0.41% — Consumer Cyclical
84 Voith Paper Fabrics India LimitedVOITHPAPR 24,178 ₹604 14.6 1.43 0.10× 9.8% 0.73% — Basic Materials
85 Gujarat Apollo Industries LimitedGUJAPOLLO 23,789 ₹448 76.8 0.88 0.10× 1.2% 0.61% — Industrials
86 Caplin Point Laboratories LimitedCAPLIPOINT 22,651 ₹17,095 25.8 4.77 0.10× 18.9% 0.33% — Healthcare
87 Mayur Uniquoters LimitedMAYURUNIQ 22,921 ₹3,162 15.3 2.79 0.10× 18.3% 0.76% — Consumer Cyclical
88 Onix Solar Energy LimitedONIXSOLAR 23,626 ₹1,209 3.4 1.56 0.10× 12.4% 0 — Technology
89 Reliance Industrial Infrastructure LimitedRIIL 22,922 ₹1,040 85.8 2.19 0.11× 2.6% 0.51% — Industrials
90 Eimco Elecon (India) LimitedEIMCOELECO 21,972 ₹1,300 32.8 2.78 0.11× 8.5% 0.18% — Industrials
91 Krishna Defence and Allied Industries LimitedKRISHNADEF 20,216 ₹1,634 39.1 8.44 0.11× 21.6% 0.10% — Industrials
92 Apex Frozen Foods LimitedAPEX 24,942 ₹969 18.9 1.84 0.11× 9.7% 0.75% — Consumer Defensive
93 Bharat Rasayan LimitedBHARATRAS 26,722 ₹1,622 6.3 1.27 0.11× 20.2% 0.05% — Basic Materials
94 Likhitha Infrastructure LimitedLIKHITHA 23,862 ₹837 25.7 2.03 0.11× 8.0% 0 — Energy
95 Fine Organic Industries LimitedFINEORG 21,498 ₹15,628 36.2 5.87 0.11× 16.2% 0.20% — Basic Materials
96 Maharashtra Seamless LimitedMAHSEAMLES 24,763 ₹7,226 9.8 1.05 0.11× 10.7% 1.62% — Basic Materials
97 Clean Science and Technology LimitedCLEAN 22,010 ₹7,950 34.1 5.02 0.11× 14.7% 0.76% — Basic Materials
98 Mega Nirman & Industries LimitedMNIL 1,152 ₹143 254.5 — 0.11× — 0 — Consumer Cyclical
99 Veljan Denison LimitedVELJAN 22,735 ₹1,041 39.8 4.15 0.11× 10.4% 0.33% — Industrials
100 BN Agrochem LimitedBNAGROCHEM 22,723 ₹1,404 82.5 3.01 0.11× 3.7% 0 — Consumer Defensive

Low debt in other groups · India

All of IndiaLarge CapMid CapSmall CapSenty (Sensex + Nifty 50)Nifty 50SensexNano CapMicro CapMini CapMeso CapTito Cap

Low debt in other countries

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Questions

Which companies in India have the lowest Owes vs Owns?

The first five on PositoAI's list are Naperol Investments Limited (0.00×), Rajdarshan Industries Limited (0.01×), Agri-tech (India) Limited (0.01×), National Standard (India) Limited (0.01×), Galaxy Agrico Exports Limited (0.01×).

How many companies in India have an Owes vs Owns figure?

2,102 of the 2,393 companies in India on PositoAI have an Owes vs Owns figure (banks and lenders left out); this page shows the top 100.

How is this list made?

Companies ordered by Owes vs Owns (everything they owe compared with everything they own), lowest first. Banks and lenders are left out. The list is updated every day from PositoAI's data.

Companies ordered by Owes vs Owns (everything they owe compared with everything they own), lowest first. Banks and lenders are left out. 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 top lists for India. PositoAI is for research and education only and is not investment advice.

Disclaimer — PositoAI is a research and screening tool for educational and informational purposes. It is not investment advice or a recommendation to buy or sell any security or mutual fund. Scores and rankings are calculated by PositoAI's own method using publicly available data, which may be incomplete, delayed or inaccurate, and past performance does not indicate future results. AI summaries of company news may contain errors. PositoAI is not registered with the SEC, SEBI or any other regulatory authority. Please do your own research or consult a licensed financial advisor before investing.