Top 10 Debt-Free Nano Cap Stocks (up to ₹100 Cr) in India — Top 20 List
PosiCap · PositoAI classification
Of the 276 nano cap companies in India on PositoAI, 22 report no debt (banks and lenders left out). First on the list is Blue Pebble Limited (Positivity Score 26,480). 6 of them have lease obligations (offices, buildings and similar) but no borrowings; the rest have neither. None of the top 10 has an active red or yellow flag.
Nano Cap is one of PosiCap, PositoAI's own size classes: companies with a market value up to ₹100 Cr (up to about $11M). It is not the SEBI or index definition. About PosiCap
| # | Company | Score | Market Cap (INR Cr) |
P/E | P/B | Owes vs Owns |
Leases | ROE | Div Yield |
Flag | Sector |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Blue Pebble LimitedBLUEPEBBLE | 26,480 | ₹24 | 221.9 | 0.90 | 0.23× | None | — | — | — | — |
| 2 | Rajnish Retail LimitedRRETAIL | 25,728 | ₹29 | 93.0 | 0.40 | 0.08× | None | 0.4% | 0 | — | Consumer Cyclical |
| 3 | Cravatex LimitedCRAVATEX | 24,593 | ₹85 | 9.9 | 0.71 | 0.18× | ₹2 Cr | 7.2% | 3.76% | — | Consumer Cyclical |
| 4 | Addi Industries LimitedADDIND | 24,389 | ₹82 | 34.0 | 1.01 | 0.03× | None | 2.9% | 0 | — | Consumer Cyclical |
| 5 | Shilp Gravures LimitedSHILGRAVQ | 24,146 | ₹85 | 12.9 | 0.81 | 0.13× | ₹0 Cr | 6.4% | 1.47% | — | Industrials |
| 6 | K&R Rail Engineering LimitedKRRAIL | 24,007 | ₹63 | Loss | 0.76 | 0.42× | None | -18.1% | 0 | — | Industrials |
| 7 | Orosil Smiths India LimitedOROSMITHS | 23,822 | ₹26 | 1.1 | 1.03 | 0.15× | ₹0 Cr | 104.0% | 0 | — | Consumer Cyclical |
| 8 | CG-VAK Software and Exports LimitedCGVAK | 23,501 | ₹69 | 8.0 | 0.84 | 0.12× | ₹2 Cr | 9.3% | 0.77% | — | Technology |
| 9 | Rajdarshan Industries LimitedARENTERP | 23,500 | ₹10 | Loss | 0.49 | 0.01× | None | -0.3% | 0 | — | Basic Materials |
| 10 | Shekhawati Industries LimitedSHEKHAWATI | 23,462 | ₹75 | 6.1 | 3.45 | 0.31× | ₹1 Cr | 56.1% | 0 | — | Consumer Cyclical |
Top 20 | |||||||||||
| 11 | Country Condo's LimitedCOUNCODOS | 23,136 | ₹48 | 78.4 | 1.89 | 0.43× | None | 2.8% | 0 | — | Real Estate |
| 12 | Shaival Reality LimitedSHAIVAL | 23,022 | ₹38 | 6.1 | 1.75 | 0.05× | None | — | — | — | — |
| 13 | Pearl Polymers LimitedPEARLPOLY | 23,011 | ₹27 | Loss | 0.95 | 0.20× | None | -18.4% | 0 | — | Consumer Cyclical |
| 14 | Kaushalya Infrastructure Development Corporation LimitedKAUSHALYA | 22,986 | ₹28 | Loss | 0.37 | 0.03× | None | -0.7% | 0 | — | Industrials |
| 15 | Vivo Collaboration Solutions LimitedVIVO | 22,046 | ₹30 | — | 2.63 | 0.06× | None | — | — | — | — |
| 16 | Cresto Techno LimitedCRESTO | 21,909 | ₹19 | Loss | 1.59 | 0.18× | None | -20.3% | 0 | — | Communication Services |
| 17 | Heads UP Ventures LimitedHEADSUP | 21,783 | ₹11 | Loss | 0.77 | 0.66× | None | -19.5% | 0 | — | Consumer Cyclical |
| 18 | Cressanda Railway Solutions LimitedCRSL | 20,979 | ₹80 | Loss | 0.56 | 0.49× | None | -11.4% | 0 | — | Technology |
| 19 | Ahimsa Industries LimitedAHIMSA | 20,628 | ₹14 | Loss | 1.74 | 0.05× | None | — | — | — | — |
| 20 | Agri-tech (India) LimitedAGRITECH | 2,868 | ₹51 | Loss | — | 0.01× | None | — | 0 | — | Consumer Defensive |
Debt free in other groups · India
Debt free in other countries
Questions
Which nano cap companies in India have no debt?
The first five on PositoAI's list are Blue Pebble Limited (26,480), Rajnish Retail Limited (25,728), Cravatex Limited (24,593), Addi Industries Limited (24,389), Shilp Gravures Limited (24,146).
How many nano cap companies in India report no debt?
22 of the 276 nano cap companies 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.
What is a Nano Cap stock?
Nano Cap is one of PosiCap, PositoAI's own size classes: companies with a market value up to ₹100 Cr (up to about $11M). It is not the SEBI or index definition.
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 top lists for India. PositoAI is for research and education only and is not investment advice.