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Top 10 Low Debt Mid Cap Stocks in India — Top 100 List

Of the 150 mid cap companies in India on PositoAI, 113 have an Owes vs Owns figure (banks and lenders left out). First on the list is Anthem Biosciences Limited (0.11×). The median among them is 0.42×. None of the top 10 has an active red or yellow flag.

Positivity ScoreHigh dividendLow debtLow PEHigh ROEHigh ROE + low PENo red flagsNo red or yellow flagsFundamentally strongNear 52-week lowNear 52-week highHigh score near 52-week low
#Company Score Market Cap
(INR Cr)		 P/E P/B Owes vs
Owns		 ROE Div
Yield		 FlagSector
1 Anthem Biosciences LimitedANTHEM 17,273 ₹44,979 78.9 14.78 0.11× 18.7% 0.23% — Healthcare
2 Info Edge (India) LimitedNAUKRI 22,116 ₹78,862 49.4 2.08 0.15× 4.2% 1.18% — Communication Services
3 K.P.R. Mill LimitedKPRMILL 21,650 ₹34,991 38.4 6.14 0.17× 16.0% 0.47% — Consumer Cyclical
4 Gland Pharma LimitedGLAND 21,237 ₹47,034 41.6 4.54 0.17× 10.9% 0.65% — Healthcare
5 Sona BLW Precision Forgings LimitedSONACOMS 18,455 ₹47,742 68.3 7.98 0.18× 11.6% 0.45% — Consumer Cyclical
6 Cupid LimitedCUPID -24,665 ₹43,035 320.1 95.46 0.19× 29.8% 0 — Consumer Defensive
7 National Aluminium Company LimitedNATIONALUM 23,226 ₹57,100 8.5 2.64 0.19× 31.2% 1.27% — Basic Materials
8 Petronet LNG LimitedPETRONET 22,459 ₹43,560 10.3 1.95 0.19× 18.9% 3.43% — Energy
9 Ambuja Cements LimitedAMBUJACEM 24,818 ₹90,198 20.6 1.52 0.20× 7.4% 0.57% — Basic Materials
10 The Supreme Industries LimitedSUPREMEIND 20,163 ₹44,347 43.0 7.19 0.21× 16.7% 0.99% — Industrials

Top 20

11 Oracle Financial Services Software LimitedOFSS 19,464 ₹85,734 25.2 10.95 0.21× 49.9% 3.81% — Technology
12 PTC Industries LimitedPTCIL 10,032 ₹39,214 295.5 26.02 0.23× 8.6% 0 — Industrials
13 Ipca Laboratories LimitedIPCALAB 20,003 ₹48,292 36.9 5.99 0.23× 16.2% 0.31% — Healthcare
14 Hindustan Copper LimitedHINDCOPPER 19,895 ₹39,894 35.1 11.94 0.24× 34.0% 0.61% — Basic Materials
15 KEI Industries LimitedKEI 21,263 ₹37,043 37.2 5.56 0.26× 14.9% 0.10% — Industrials
16 Shree Cement LimitedSHREECEM 22,847 ₹80,568 49.4 3.46 0.26× 7.0% 0.63% — Basic Materials
17 Ajanta Pharma LimitedAJANTPHARM 19,623 ₹40,869 36.0 9.03 0.26× 25.1% 1.88% — Healthcare
18 Linde India LimitedLINDEINDIA 19,327 ₹50,321 92.1 11.79 0.27× 12.8% 0.07% — Basic Materials
19 Abbott India LimitedABBOTINDIA 19,150 ₹53,888 33.4 11.29 0.27× 33.8% 2.02% — Healthcare
20 Swiggy LimitedSWIGGY 19,899 ₹55,386 Loss 3.02 0.27× -21.7% 0 — Consumer Cyclical

Top 50

21 Schaeffler India LimitedSCHAEFFLER 20,482 ₹55,132 44.0 8.97 0.28× 21.6% 0.97% — Consumer Cyclical
22 Oberoi Realty LimitedOBEROIRLTY 22,788 ₹59,092 22.5 3.30 0.29× 14.7% 0.47% — Real Estate
23 NMDC LimitedNMDC 23,814 ₹60,558 8.1 1.78 0.29× 21.9% 2.79% — Basic Materials
24 Astral LimitedASTRAL 19,533 ₹37,248 64.7 9.18 0.30× 14.2% 0.28% — Industrials
25 Patanjali Foods LimitedPATANJALI 24,133 ₹38,614 19.6 2.95 0.30× 15.0% 1.12% — Consumer Defensive
26 Berger Paints India LimitedBERGEPAINT 20,949 ₹54,796 45.0 7.92 0.31× 17.6% 0.85% — Basic Materials
27 Persistent Systems LimitedPERSISTENT 17,001 ₹90,055 47.0 11.49 0.31× 25.2% 0.62% — Technology
28 Alkem Laboratories LimitedALKEM 21,424 ₹59,943 27.8 4.34 0.31× 15.6% 0.38% — Healthcare
29 AvenuesAI LimitedCCAVENUE 22,180 ₹40,611 115.8 8.56 0.32× 6.0% 0 — Technology
30 Dabur India LimitedDABUR 22,203 ₹65,281 33.2 5.72 0.32× 17.2% 2.13% — Consumer Defensive
31 Tata Consumer Products LimitedTATACONSUM 21,252 ₹94,990 58.1 4.36 0.33× 7.5% 1.05% — Consumer Defensive
32 Radico Khaitan LimitedRADICO 14,463 ₹56,292 80.0 16.98 0.33× 21.2% 0.20% — Consumer Defensive
33 Gujarat Fluorochemicals LimitedFLUOROCHEM 20,744 ₹47,278 77.3 6.01 0.33× 8.0% 0.07% — Basic Materials
34 Tube Investments of India LimitedTIINDIA 21,873 ₹40,650 67.2 5.24 0.34× 7.8% 0.16% — Industrials
35 MRF LimitedMRF 22,103 ₹50,410 20.9 2.40 0.34× 11.5% 0.19% — Consumer Cyclical
36 Coforge LimitedCOFORGE 16,730 ₹84,567 39.1 8.87 0.35× 17.2% 0.86% — Technology
37 Aurobindo Pharma LimitedAUROPHARMA 21,985 ₹92,687 25.2 2.45 0.35× 9.8% 0 — Healthcare
38 Vishal Mega Mart LimitedVMM 21,569 ₹41,221 46.6 5.56 0.35× 11.9% 0 — Consumer Cyclical
39 Havells India LimitedHAVELLS 21,206 ₹67,337 41.7 7.12 0.36× 17.1% 1.09% — Industrials
40 Fortis Healthcare LimitedFORTIS 20,790 ₹54,859 52.4 5.54 0.36× 10.6% 0.13% — Healthcare
41 The Phoenix Mills LimitedPHOENIXLTD 19,955 ₹68,312 53.2 6.22 0.37× 11.7% 0.14% — Real Estate
42 Max Healthcare Institute LimitedMAXHEALTH 19,527 ₹79,519 54.8 7.40 0.38× 13.5% 0.23% — Healthcare
43 Navin Fluorine International LimitedNAVINFLUOR 17,143 ₹40,765 51.6 10.26 0.38× 19.9% 0.19% — Basic Materials
44 L&T Technology Services LimitedLTTS 21,395 ₹41,954 31.0 6.48 0.38× 20.9% 1.56% — Technology
45 United Spirits LimitedUNITDSPR 18,965 ₹91,206 54.1 10.19 0.38× 18.8% 1.25% — Consumer Defensive
46 Balkrishna Industries LimitedBALKRISIND 22,263 ₹40,793 29.0 3.72 0.38× 12.8% 0.80% — Consumer Cyclical
47 Aegis Logistics LimitedAEGISLOG 19,770 ₹45,773 36.6 7.56 0.39× 20.7% 0.98% — Energy
48 Mphasis LimitedMPHASIS 20,528 ₹47,708 25.0 4.44 0.40× 17.7% 2.48% — Technology
49 APL Apollo Tubes LimitedAPLAPOLLO 17,151 ₹56,986 46.4 10.76 0.40× 23.2% 0.40% — Basic Materials
50 Aster DM Quality Care LimitedASTERDM 17,475 ₹57,068 106.1 12.47 0.40× 7.0% 0.57% ⚑ Healthcare

Top 100

51 Physicswallah LimitedPWL 19,207 ₹36,247 1557.8 8.02 0.40× 0.5% 0 — Consumer Defensive
52 Godrej Consumer Products LimitedGODREJCP 20,872 ₹88,038 46.0 6.96 0.41× 15.1% 2.32% — Consumer Defensive
53 Mankind Pharma LimitedMANKIND 21,288 ₹93,992 46.0 5.77 0.41× 12.5% 0 — Healthcare
54 Lupin LimitedLUPIN 21,807 ₹87,891 15.9 3.92 0.41× 24.6% 0.93% — Healthcare
55 SRF LimitedSRF 21,516 ₹69,080 32.0 4.92 0.42× 15.4% 0.40% — Industrials
56 Hexaware Technologies LimitedHEXT 22,495 ₹36,066 27.1 5.37 0.42× 21.5% 1.48% — Technology
57 INDO-MIM LimitedINDOMIM -71,645 ₹54,239 91.0 192.37 0.42× 20.7% 0 — Industrials
58 Biocon LimitedBIOCON 22,780 ₹54,095 97.7 1.59 0.42× 1.6% 0.14% — Healthcare
59 JSW Infrastructure LimitedJSWINFRA 20,617 ₹74,455 45.4 6.84 0.43× 13.6% 0.27% — Industrials
60 Indian Railway Catering & Tourism Corporation LimitedIRCTC 21,195 ₹36,104 25.9 8.38 0.43× 32.3% 1.96% — Consumer Cyclical
61 Indus Towers LimitedINDUSTOWER 22,337 ₹1,00,701 14.1 2.43 0.44× 18.9% 3.68% — Communication Services
62 HFCL LimitedHFCL 18,191 ₹38,493 65.5 7.87 0.44× 11.6% 0.08% ⚑ Technology
63 Meesho LimitedMEESHO 8,681 ₹1,01,480 Loss 23.14 0.45× -28.3% 0 — Consumer Cyclical
64 Ather Energy LimitedATHERENERG 10,109 ₹56,544 Loss 21.98 0.46× -15.1% 0 — Consumer Cyclical
65 Coromandel International LimitedCOROMANDEL 22,373 ₹52,328 28.6 4.17 0.46× 14.6% 0.62% ⚑ Basic Materials
66 Uno Minda LimitedUNOMINDA 19,849 ₹61,679 51.3 9.03 0.47× 17.6% 0.24% — Consumer Cyclical
67 Glenmark Pharmaceuticals LimitedGLENMARK 20,492 ₹62,047 34.5 5.90 0.47× 17.1% 0.11% — Healthcare
68 Page Industries LimitedPAGEIND 10,779 ₹38,397 50.8 25.55 0.47× 50.3% 2.17% — Consumer Cyclical
69 GlaxoSmithKline Pharmaceuticals LimitedGLAXO 15,956 ₹41,228 38.6 18.18 0.48× 47.1% 2.28% — Healthcare
70 Suzlon Energy LimitedSUZLON 20,486 ₹53,019 16.9 5.60 0.48× 39.4% 0 — Industrials
71 Oil India LimitedOIL 22,727 ₹74,319 8.9 1.28 0.48× 14.4% 2.93% — Energy
72 Adani Total Gas LimitedATGL 18,845 ₹60,803 96.1 12.50 0.49× 13.0% 0.04% — Utilities
73 Waaree Energies LimitedWAAREEENER 22,719 ₹68,173 17.9 4.72 0.50× 26.4% 0.16% — Technology
74 Jindal Stainless LimitedJSL 22,618 ₹58,471 18.0 2.95 0.51× 72.1% 0.56% — Basic Materials
75 Siemens Energy India LimitedENRIN 15,178 ₹98,431 66.1 20.46 0.53× 30.9% 0.14% — Utilities
76 Aditya Infotech LimitedCPPLUS 11,699 ₹47,880 95.6 25.51 0.53× 25.6% 0.04% — Industrials
77 Colgate-Palmolive (India) LimitedCOLPAL 9,864 ₹45,829 34.0 28.93 0.54× 85.1% 2.76% — Consumer Defensive
78 Welspun Corp LimitedWELCORP 19,977 ₹64,454 27.9 7.04 0.54× 25.2% 0.18% — Basic Materials
79 Rail Vikas Nigam LimitedRVNL 24,057 ₹39,027 43.4 3.97 0.55× 9.2% 0.90% — Industrials
80 Marico LimitedMARICO 11,774 ₹1,00,594 53.2 23.89 0.55× 44.9% 0.51% ⚑ Consumer Defensive
81 Steel Authority of India LimitedSAIL 23,426 ₹70,115 16.4 1.16 0.56× 7.1% 1.37% — Basic Materials
82 Torrent Power LimitedTORNTPOWER 22,418 ₹60,669 26.1 3.18 0.56× 12.2% 1.65% — Utilities
83 UPL LimitedUPL 22,958 ₹43,398 21.3 1.25 0.57× 5.9% 1.23% — Basic Materials
84 Bharat Forge LimitedBHARATFORG 18,609 ₹85,077 117.9 8.88 0.57× 7.4% 0.47% — Industrials
85 Thermax LimitedTHERMAX 21,794 ₹35,611 60.0 6.42 0.58× 10.7% 0.43% — Industrials
86 Embassy Office Parks REITEMBASSY 19,231 ₹40,169 92.7 1.93 0.59× — — — —
87 NHPC LimitedNHPC 22,282 ₹72,705 19.1 1.75 0.60× 9.2% 2.21% — Utilities
88 Lodha Developers LimitedLODHA 22,465 ₹1,00,564 24.4 4.32 0.60× 17.7% 0.40% — Real Estate
89 Premier Energies LimitedPREMIERENE 19,121 ₹38,995 23.2 9.05 0.60× 38.9% 0.08% — Technology
90 APAR Industries LimitedAPARINDS 18,460 ₹61,606 50.1 11.42 0.61× 21.9% 0.33% — Industrials
91 Bharti Hexacom LimitedBHARTIHEXA 18,400 ₹81,525 44.7 10.66 0.61× 25.4% 1.18% — Communication Services
92 J.K. Cement LimitedJKCEMENT 20,507 ₹37,540 39.7 5.33 0.62× 13.4% 0.41% — Basic Materials
93 Mazagon Dock Shipbuilders LimitedMAZDOCK 21,867 ₹77,541 27.1 7.95 0.64× 29.3% 0.90% — Industrials
94 Sterlite Technologies LimitedSTLTECH 13,776 ₹41,168 173.7 18.15 0.64× 9.9% 0 — Technology
95 Manipal Health Enterprises LimitedMANIPALHOS 18,574 ₹82,263 129.2 9.76 0.65× 6.8% 0 — Healthcare
96 GE Vernova T&D India LimitedGVT&D 6,851 ₹95,761 73.0 35.60 0.65× 48.7% 0.24% — Industrials
97 Lloyds Metals and Energy LimitedLLOYDSME 19,078 ₹1,01,636 21.2 7.33 0.66× 34.6% 0.06% — Basic Materials
98 FSN E-Commerce Ventures LimitedNYKAA -9,786 ₹92,245 361.7 64.15 0.67× 17.7% 0 — Consumer Cyclical
99 Hindustan Petroleum Corporation LimitedHINDPETRO 23,394 ₹72,516 43.4 1.11 0.68× 2.5% 7.44% — Energy
100 NTPC Green Energy LimitedNTPCGREEN 22,399 ₹71,076 118.8 3.75 0.68× 3.2% 0 — Utilities

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

The first five on PositoAI's list are Anthem Biosciences Limited (0.11×), Info Edge (India) Limited (0.15×), K.P.R. Mill Limited (0.17×), Gland Pharma Limited (0.17×), Sona BLW Precision Forgings Limited (0.18×).

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

113 of the 150 mid 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 counts as a mid cap stock in India?

In India, large cap means the 100 largest companies by market value, mid cap the next 150 (101st to 250th) and small cap the rest — the same rank-based rule SEBI uses, applied to the companies on PositoAI.

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.