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Top 10 Low Debt Meso Cap Stocks (₹10,000 Cr to ₹1 lakh Cr) in India — Top 100 List

PosiCap · PositoAI classification

Of the 457 meso cap companies in India on PositoAI, 378 have an Owes vs Owns figure (banks and lenders left out). First on the list is AIA Engineering Limited (0.06×). The median among them is 0.42×. None of the top 10 has an active red or yellow flag.

Meso Cap is one of PosiCap, PositoAI's own size classes: companies with a market value ₹10,000 Cr to ₹1 lakh Cr (about $1.1B to $10.6B). It is not the SEBI or index definition. About PosiCap

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 AIA Engineering LimitedAIAENG 22,692 ₹33,911 26.8 4.23 0.06× 15.8% 0.43% — Industrials
2 Sun TV Network LimitedSUNTV 23,587 ₹23,656 15.5 1.87 0.09× 12.1% 3.15% — Communication Services
3 Zen Technologies LimitedZENTEC 20,312 ₹14,051 78.0 7.44 0.10× 9.5% 0.06% — Industrials
4 Concord Biotech LimitedCONCORDBIO 20,489 ₹13,293 43.8 6.59 0.10× 15.1% 0.55% — Healthcare
5 Data Patterns (India) LimitedDATAPATTNS 17,419 ₹21,842 81.5 12.58 0.10× 15.4% 0.24% — Industrials
6 Caplin Point Laboratories LimitedCAPLIPOINT 22,651 ₹17,095 25.8 4.77 0.10× 18.9% 0.33% — Healthcare
7 Fine Organic Industries LimitedFINEORG 21,498 ₹15,628 36.2 5.87 0.11× 16.2% 0.20% — Basic Materials
8 Voltamp Transformers LimitedVOLTAMP 20,493 ₹10,063 31.7 5.62 0.11× 17.7% 0.96% — Industrials
9 Anthem Biosciences LimitedANTHEM 17,273 ₹44,979 78.9 14.78 0.11× 18.7% 0.23% — Healthcare
10 Garware Hi-Tech Films LimitedGRWRHITECH 21,303 ₹15,471 39.9 5.82 0.12× 14.6% 0.17% — Basic Materials

Top 20

11 Vinati Organics LimitedVINATIORGA 23,972 ₹11,298 25.2 3.57 0.12× 14.2% 0.75% — Basic Materials
12 The Great Eastern Shipping Company LimitedGESHIP 22,281 ₹21,349 5.8 1.26 0.13× 22.0% 3.76% — Industrials
13 Finolex Cables LimitedFINCABLES 22,175 ₹17,433 21.8 2.86 0.13× 13.2% 0.65% — Industrials
14 CarTrade Tech LimitedCARTRADE 18,790 ₹13,806 61.4 5.56 0.13× 8.9% 0 — Consumer Cyclical
15 ITC Hotels LimitedITCHOTELS 22,533 ₹33,710 38.9 2.89 0.13× 7.4% 0.65% — Consumer Cyclical
16 PC Jeweller LimitedPCJEWELLER 21,565 ₹17,722 24.4 2.17 0.13× 6.9% 0 — Consumer Cyclical
17 Acutaas Chemicals LimitedACUTAAS 14,959 ₹26,324 68.4 15.92 0.14× 23.3% 0.08% — Basic Materials
18 Container Corporation of India LimitedCONCOR 23,031 ₹32,338 25.9 2.50 0.14× 9.6% 1.95% — Industrials
19 Pfizer LimitedPFIZER 23,123 ₹16,875 23.0 4.02 0.15× 17.5% 2.00% — Healthcare
20 Info Edge (India) LimitedNAUKRI 22,116 ₹78,862 49.4 2.08 0.15× 4.2% 1.18% — Communication Services

Top 50

21 Anant Raj LimitedANANTRAJ 23,093 ₹16,986 28.6 2.93 0.15× 10.3% 0.18% — Real Estate
22 ELANTAS Beck India LimitedELANTAS 19,973 ₹10,317 58.1 9.35 0.16× 17.4% 0.06% — Basic Materials
23 Alivus Life Sciences LimitedALIVUS 22,367 ₹15,579 25.9 4.68 0.16× 18.1% 0.38% — Healthcare
24 PI Industries LimitedPIIND 23,678 ₹31,477 27.0 2.80 0.16× 10.4% 0.71% — Basic Materials
25 K.P.R. Mill LimitedKPRMILL 21,650 ₹34,991 38.4 6.14 0.17× 16.0% 0.47% — Consumer Cyclical
26 ZF Commercial Vehicle Control Systems India LimitedZFCVINDIA 21,555 ₹24,399 2.3 6.61 0.17× 293.8% 0.19% — Consumer Cyclical
27 NATCO Pharma LimitedNATCOPHARM 23,872 ₹14,446 12.4 1.57 0.17× 12.3% 0.75% — Healthcare
28 Gland Pharma LimitedGLAND 21,237 ₹47,034 41.6 4.54 0.17× 10.9% 0.65% — Healthcare
29 Affle 3i LimitedAFFLE 22,050 ₹19,168 40.2 5.25 0.17× 13.0% 0 — Communication Services
30 EIH LimitedEIHOTEL 21,842 ₹18,463 25.9 3.51 0.17× 13.5% 0.51% — Consumer Cyclical
31 Sona BLW Precision Forgings LimitedSONACOMS 18,455 ₹47,742 68.3 7.98 0.18× 11.6% 0.45% — Consumer Cyclical
32 BlackBuck LimitedBLACKBUCK 19,622 ₹10,127 60.3 7.12 0.18× 11.8% 0 — Technology
33 Sri Lotus Developers and Realty LimitedLOTUSDEV 21,266 ₹11,600 47.1 6.07 0.18× 12.9% 0.21% — Industrials
34 Cupid LimitedCUPID -24,665 ₹43,035 320.1 95.46 0.19× 29.8% 0 — Consumer Defensive
35 National Aluminium Company LimitedNATIONALUM 23,226 ₹57,100 8.5 2.64 0.19× 31.2% 1.27% — Basic Materials
36 Nazara Technologies LimitedNAZARA 17,365 ₹14,924 Loss 4.30 0.19× -1.8% 0 ⚑ Communication Services
37 Petronet LNG LimitedPETRONET 22,459 ₹43,560 10.3 1.95 0.19× 18.9% 3.43% — Energy
38 Happy Forgings LimitedHAPPYFORGE 21,218 ₹17,162 52.5 8.06 0.19× 15.3% 0.21% — Industrials
39 Dr. Lal PathLabs LimitedLALPATHLAB 17,325 ₹30,828 56.9 12.29 0.19× 21.6% 1.03% — Healthcare
40 Poly Medicure LimitedPOLYMED 22,515 ₹14,686 46.6 4.73 0.20× 10.1% 0.22% — Healthcare
41 International Gemological Institute LimitedIGIL 18,978 ₹15,263 25.9 10.83 0.20× 39.6% 1.65% — Basic Materials
42 Ambuja Cements LimitedAMBUJACEM 24,818 ₹90,198 20.6 1.52 0.20× 7.4% 0.57% — Basic Materials
43 Godawari Power & Ispat LimitedGPIL 24,200 ₹12,990 15.7 2.24 0.20× 13.5% 0.48% — Basic Materials
44 Atul LtdATUL 22,165 ₹17,663 22.2 2.84 0.20× 12.8% 0.48% — Basic Materials
45 Urban Company LimitedURBANCO 16,064 ₹20,512 Loss 9.57 0.21× -16.0% 0 — Technology
46 The Supreme Industries LimitedSUPREMEIND 20,163 ₹44,347 43.0 7.19 0.21× 16.7% 0.99% — Industrials
47 Marksans Pharma LimitedMARKSANS 21,215 ₹13,343 25.8 4.41 0.21× 17.1% 0.29% — Healthcare
48 Tega Industries LimitedTEGA 22,136 ₹13,302 467.2 3.90 0.21× 0.8% 0.10% — Industrials
49 Oracle Financial Services Software LimitedOFSS 19,464 ₹85,734 25.2 10.95 0.21× 49.9% 3.81% — Technology
50 Timken India LimitedTIMKEN 20,942 ₹20,670 48.4 7.09 0.21× 14.7% 0.09% — Industrials

Top 100

51 Gujarat Mineral Development Corporation LimitedGMDCLTD 25,105 ₹13,833 14.5 1.96 0.21× 13.5% 2.06% — Energy
52 Usha Martin LimitedUSHAMART 21,069 ₹14,197 25.7 4.30 0.22× 16.7% 0.78% — Basic Materials
53 Escorts Kubota LimitedESCORTS 24,209 ₹29,013 21.0 2.34 0.22× 11.4% 1.22% — Industrials
54 Ratnamani Metals & Tubes LimitedRATNAMANI 22,707 ₹16,632 38.5 4.05 0.22× 10.5% 0.40% — Basic Materials
55 Kajaria Ceramics LimitedKAJARIACER 20,281 ₹18,222 33.8 5.94 0.22× 17.8% 0.99% — Industrials
56 Gallantt Ispat LimitedGALLANTT 23,697 ₹13,287 30.6 4.01 0.22× 13.1% 0.40% — Basic Materials
57 Zensar Technologies LimitedZENSARTECH 23,674 ₹11,375 14.9 2.41 0.22× 16.3% 3.13% — Technology
58 Graphite India LimitedGRAPHITE 23,261 ₹13,820 64.8 2.36 0.23× 3.6% 0.87% — Industrials
59 PTC Industries LimitedPTCIL 10,032 ₹39,214 295.5 26.02 0.23× 8.6% 0 — Industrials
60 Ipca Laboratories LimitedIPCALAB 20,003 ₹48,292 36.9 5.99 0.23× 16.2% 0.31% — Healthcare
61 Kansai Nerolac Paints LimitedKANSAINER 24,354 ₹14,820 24.7 2.21 0.23× 8.9% 1.38% — Basic Materials
62 Tata Elxsi LimitedTATAELXSI 20,499 ₹23,965 35.8 7.88 0.23× 23.9% 2.07% — Technology
63 Aether Industries LimitedAETHER 20,814 ₹19,244 81.6 7.84 0.23× 9.6% 0 — Basic Materials
64 Sagility LimitedSAGILITY 22,881 ₹21,248 21.4 2.20 0.23× 10.1% 0.45% — Healthcare
65 Sudeep Pharma LimitedSUDEEPPHRM 19,179 ₹10,865 59.0 12.30 0.24× 20.9% 0.14% — Healthcare
66 Vardhman Textiles LimitedVTL 24,062 ₹14,560 16.9 1.38 0.24× 8.1% 0.96% — Consumer Cyclical
67 Bikaji Foods International LimitedBIKAJI 22,052 ₹11,710 45.3 7.29 0.24× 16.1% 0.26% — Consumer Defensive
68 Emami LimitedEMAMILTD 21,955 ₹16,193 22.0 5.54 0.24× 25.6% 2.71% — Consumer Defensive
69 DOMS Industries LimitedDOMS 19,987 ₹11,827 54.6 9.70 0.24× 17.8% 0.18% — Industrials
70 Sumitomo Chemical India LimitedSUMICHEM 22,983 ₹18,493 31.9 5.46 0.24× 17.1% 0.33% — Basic Materials
71 Delhivery LimitedDELHIVERY 20,297 ₹29,222 322.3 3.02 0.24× 0.9% 0 — Industrials
72 Carborundum Universal LimitedCARBORUNIV 20,929 ₹20,093 95.4 5.15 0.24× 5.4% 0.33% — Industrials
73 Hindustan Copper LimitedHINDCOPPER 19,895 ₹39,894 35.1 11.94 0.24× 34.0% 0.61% — Basic Materials
74 The India Cements LimitedINDIACEM 24,834 ₹10,280 84.0 1.02 0.24× 1.2% 0 — Basic Materials
75 Himadri Speciality Chemical LimitedHSCL 21,912 ₹26,384 32.8 5.61 0.24× 17.1% 0.12% — Basic Materials
76 HBL Engineering LimitedHBLENGINE 19,900 ₹21,744 27.9 9.82 0.25× 35.0% 0.42% — Industrials
77 Nava LimitedNAVA 23,590 ₹14,148 18.7 1.62 0.25× 8.7% 1.55% — Industrials
78 Godfrey Phillips India LimitedGODFRYPHLP 24,165 ₹26,938 19.7 4.34 0.25× 22.0% 2.76% — Consumer Defensive
79 ACC LimitedACC 24,706 ₹22,288 11.7 1.08 0.25× 9.3% 0.66% — Basic Materials
80 Amagi Media Labs LimitedAMAGI 19,164 ₹12,114 118.1 6.90 0.25× 6.0% 0 — Technology
81 KEI Industries LimitedKEI 21,263 ₹37,043 37.2 5.56 0.26× 14.9% 0.10% — Industrials
82 Grindwell Norton LimitedGRINDWELL 20,325 ₹20,787 47.7 8.20 0.26× 17.2% 1.04% — Industrials
83 Shree Cement LimitedSHREECEM 22,847 ₹80,568 49.4 3.46 0.26× 7.0% 0.63% — Basic Materials
84 Cyient LimitedCYIENT 21,161 ₹11,906 33.6 2.10 0.26× 6.6% 2.76% — Industrials
85 Ajanta Pharma LimitedAJANTPHARM 19,623 ₹40,869 36.0 9.03 0.26× 25.1% 1.88% — Healthcare
86 Linde India LimitedLINDEINDIA 19,327 ₹50,321 92.1 11.79 0.27× 12.8% 0.07% — Basic Materials
87 Abbott India LimitedABBOTINDIA 19,150 ₹53,888 33.4 11.29 0.27× 33.8% 2.02% — Healthcare
88 Computer Age Management Services LimitedCAMS 15,644 ₹16,660 33.7 12.61 0.27× 37.3% 1.90% — Technology
89 Swiggy LimitedSWIGGY 19,899 ₹55,386 Loss 3.02 0.27× -21.7% 0 — Consumer Cyclical
90 E2E Networks LimitedE2E 19,668 ₹12,241 106.2 7.26 0.28× 6.9% 0 — Technology
91 Sundram Fasteners LimitedSUNDRMFAST 21,193 ₹22,151 36.3 5.18 0.28× 14.3% 0.78% — Consumer Cyclical
92 Leela Palaces Hotels & Resorts LimitedTHELEELA 22,597 ₹19,892 32.0 3.11 0.28× 7.2% 0 — Consumer Cyclical
93 Fractal Analytics LimitedFRACTAL 21,005 ₹12,938 40.1 4.06 0.28× 9.8% 0 ⚑ Technology
94 Schaeffler India LimitedSCHAEFFLER 20,482 ₹55,132 44.0 8.97 0.28× 21.6% 0.97% — Consumer Cyclical
95 Chambal Fertilisers and Chemicals LimitedCHAMBLFERT 23,881 ₹14,990 7.8 1.44 0.28× 18.5% 3.21% — Basic Materials
96 Mahanagar Gas LimitedMGL 22,521 ₹10,216 14.3 1.59 0.28× 11.1% 3.45% — Utilities
97 Honeywell Automation India LimitedHONAUT 22,068 ₹27,612 50.1 6.19 0.28× 12.3% 0.35% — Industrials
98 Metropolis Healthcare LimitedMETROPOLIS 19,754 ₹11,007 54.6 7.27 0.29× 13.3% 0.38% — Healthcare
99 Lloyds Engineering Works LimitedLLOYDSENGG 19,252 ₹13,504 52.0 8.08 0.29× 14.9% 0.26% — Industrials
100 OneSource Specialty Pharma LimitedONESOURCE 19,704 ₹15,799 Loss 2.71 0.29× -0.8% 0 — Healthcare

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 meso cap companies in India have the lowest Owes vs Owns?

The first five on PositoAI's list are AIA Engineering Limited (0.06×), Sun TV Network Limited (0.09×), Zen Technologies Limited (0.10×), Concord Biotech Limited (0.10×), Data Patterns (India) Limited (0.10×).

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

378 of the 457 meso cap 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.

What is a Meso Cap stock?

Meso Cap is one of PosiCap, PositoAI's own size classes: companies with a market value ₹10,000 Cr to ₹1 lakh Cr (about $1.1B to $10.6B). It is not the SEBI or index definition.

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.