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

Of the 2,084 small cap companies in India on PositoAI, 1,883 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 Viram Suvarn LimitedVSL 23,915 ₹111 11.3 1.76 0.03× 15.8% 0 — Consumer Cyclical
18 Ashapuri Gold Ornament LimitedAGOL 22,166 ₹248 12.0 1.49 0.04× 12.4% 0 — Consumer Cyclical
19 Majestic Auto LimitedMAJESAUT 25,060 ₹377 3.9 0.56 0.04× 14.5% 13.71% — Real Estate
20 MetroGlobal LimitedMETROGLOBL 25,016 ₹153 6.3 0.38 0.04× 6.0% 1.99% — Industrials

Top 50

21 Supreme Holdings & Hospitality (India) LimitedSUPREME 26,585 ₹106 144.5 0.19 0.04× 0.2% 0 — Real Estate
22 Indo Borax & Chemicals LimitedINDOBORAX 21,832 ₹1,363 24.2 3.53 0.05× 13.9% 2.10% — Basic Materials
23 Kanchi Karpooram LimitedKANCHI 23,593 ₹163 21.3 0.76 0.05× 3.6% 0.27% — Basic Materials
24 Shradha AI Technologies LimitedSHRAAITECH 6,599 ₹117 12.6 — 0.05× — 3.07% — Technology
25 Shaival Reality LimitedSHAIVAL 23,022 ₹38 6.1 1.75 0.05× — — — —
26 J.G. Chemicals LimitedJGCHEM 22,384 ₹2,304 30.7 4.36 0.05× 14.3% 0.17% — Basic Materials
27 AAA Technologies LimitedAAATECH 20,968 ₹136 64.1 4.41 0.05× 6.9% 0.93% — Technology
28 Denta Water and Infra Solutions LimitedDENTA 25,566 ₹617 11.5 1.34 0.05× 11.7% 0.96% — Industrials
29 Jattashankar Industries LimitedJATTAINDUS 27,600 ₹31 17.3 1.63 0.05× 9.4% 0 — Consumer Cyclical
30 M.K. Exim (India) LimitedMKEXIM 23,205 ₹211 11.4 1.78 0.05× 15.4% 1.04% — Consumer Defensive
31 Global Education LimitedGLOBAL 21,336 ₹725 27.8 5.36 0.05× 20.9% 0.70% — Consumer Defensive
32 Suven Life Sciences LimitedSUVEN 16,841 ₹7,578 Loss 12.81 0.05× -66.4% 0 — Healthcare
33 Advani Hotels & Resorts (India) LimitedADVANIHOTR 24,008 ₹431 18.8 0.84 0.05× 4.4% 3.79% — Consumer Cyclical
34 Ahimsa Industries LimitedAHIMSA 20,628 ₹14 Loss 1.74 0.05× — — — —
35 Alembic LimitedALEMBICLTD 24,515 ₹2,318 7.2 0.95 0.06× 13.1% 2.42% — Real Estate
36 The United Nilgiri Tea Estates Company LimitedUNITEDTEA 24,147 ₹201 9.9 0.84 0.06× 8.4% 0.79% — Consumer Defensive
37 The Victoria Mills LimitedVICTMILL 23,625 ₹75 11.4 1.06 0.06× 9.3% 0.63% — Real Estate
38 Vivo Collaboration Solutions LimitedVIVO 22,046 ₹30 — 2.63 0.06× — — — —
39 Sreeleathers LimitedSREEL 24,890 ₹638 19.2 1.28 0.06× 6.7% 0.72% — Consumer Cyclical
40 AIA Engineering LimitedAIAENG 22,692 ₹33,911 26.8 4.23 0.06× 15.8% 0.43% — Industrials
41 63 moons technologies limited63MOONS 20,673 ₹3,996 Loss 1.13 0.06× -1.8% 0.26% — Technology
42 Cupid Breweries and Distilleries LimitedCUPIDALBV 24,791 ₹226 Loss 0.33 0.06× -0.9% 0 — Consumer Defensive
43 Thinkink Picturez LimitedTHINKINK 22,573 ₹25 9.0 0.17 0.06× 0.5% 0 — Communication Services
44 The Sandesh LimitedSANDESH 24,874 ₹740 6.9 0.52 0.07× 7.5% 0.49% — Communication Services
45 Oricon Enterprises LimitedORICONENT 24,979 ₹750 54.9 0.65 0.07× 1.2% 0.39% — Consumer Cyclical
46 Gandhi Special Tubes LimitedGANDHITUBE 23,167 ₹977 14.1 3.09 0.07× 23.6% 1.58% — Industrials
47 Coral India Finance and Housing LimitedCORALFINAC 25,756 ₹111 7.7 0.54 0.07× 6.9% 0.65% — Real Estate
48 Arrow Greentech LimitedARROWGREEN 22,819 ₹1,030 16.2 4.40 0.08× 27.2% 0.58% — Consumer Cyclical
49 Stallion India Fluorochemicals LimitedSTALLION 22,976 ₹2,239 36.2 3.29 0.08× 6.4% 0 — Basic Materials
50 Wonderla Holidays LimitedWONDERLA 23,711 ₹2,975 29.3 1.66 0.08× 5.6% 0.39% — Consumer Cyclical

Top 100

51 D.P. Wires LimitedDPWIRES 24,653 ₹293 15.7 1.10 0.08× 7.0% 0 — Industrials
52 Ascom Leasing & Investments LimitedASCOM 23,636 ₹219 30.1 3.99 0.08× — — — —
53 TAC Infosec LimitedTAC 21,936 ₹724 47.0 8.71 0.08× — — — —
54 Tainwala Chemicals and Plastics (India) LimitedTAINWALCHM 24,275 ₹186 23.3 1.09 0.08× 4.7% 1.37% — Basic Materials
55 Rajnish Retail LimitedRRETAIL 25,728 ₹29 93.0 0.40 0.08× 0.4% 0 — Consumer Cyclical
56 La Opala RG LimitedLAOPALA 24,590 ₹1,606 17.2 1.96 0.08× 11.3% 3.23% — Consumer Cyclical
57 Belding India LimitedBELDING 21,012 ₹1,292 Loss 1.23 0.08× -0.9% 0 — Basic Materials
58 Cheviot Company LimitedCHEVIOT 24,646 ₹622 9.1 0.88 0.08× 9.7% 2.20% — Consumer Cyclical
59 Kiri Industries LimitedKIRIINDUS 24,313 ₹3,056 0.5 0.47 0.08× 88.2% 0 ⚑ Basic Materials
60 Advanced Enzyme Technologies LimitedADVENZYMES 23,730 ₹2,852 17.5 1.75 0.08× 10.2% 0.51% — Basic Materials
61 Sun TV Network LimitedSUNTV 23,587 ₹23,656 15.5 1.87 0.09× 12.1% 3.15% — Communication Services
62 Lovable Lingerie LimitedLOVABLE 25,096 ₹95 16.9 0.53 0.09× 3.1% 0 — Consumer Cyclical
63 Shanthala FMCG Products LimitedSHANTHALA 26,758 ₹8 35.3 0.34 0.09× — — — —
64 Kronox Lab Sciences LimitedKRONOX 21,451 ₹731 25.5 6.30 0.09× 24.4% 0.25% — Basic Materials
65 Gujarat Intrux LimitedGUJINTRX 22,721 ₹147 14.1 2.25 0.09× 16.2% 5.86% — Basic Materials
66 NDL Ventures LimitedNDLVENTURE 21,094 ₹371 479.8 6.27 0.09× 1.2% 0.42% — Communication Services
67 Filatex Fashions LimitedFILATFASH 23,421 ₹141 — 0.06 0.09× 0.0% 0 — Consumer Cyclical
68 Tamboli Industries LimitedTAMBOLIIN 22,275 ₹334 31.5 2.73 0.09× 8.7% 0.40% — Industrials
69 Fiberweb (India) LimitedFIBERWEB 24,906 ₹72 13.9 0.39 0.09× 2.8% 0 — Consumer Cyclical
70 Ramco Industries LimitedRAMCOIND 24,248 ₹2,489 7.6 0.55 0.09× 7.3% 0.43% — Industrials
71 United Drilling Tools LimitedUNIDT 24,898 ₹374 16.8 1.34 0.09× 7.7% 1.19% — Energy
72 Hindustan Composites LimitedHINDCOMPOS 24,553 ₹579 22.7 0.51 0.09× 2.2% 0.47% ⚑ Consumer Cyclical
73 Zaggle Prepaid Ocean Services LimitedZAGGLE 24,932 ₹2,108 16.2 1.50 0.09× 9.9% 0 ⚑ Fintech SaaS — Spend Management
74 TAAL Tech LimitedTAALTECH 21,585 ₹1,383 22.2 5.64 0.10× 5.1% 0 — Industrials
75 Diamines and Chemicals LimitedDIAMINESQ 21,523 ₹243 Loss 1.54 0.10× -6.5% 0 — Basic Materials
76 Zen Technologies LimitedZENTEC 20,312 ₹14,051 78.0 7.44 0.10× 9.5% 0.06% — Industrials
77 Infollion Research Services LimitedINFOLLION 25,194 ₹142 20.7 2.32 0.10× — — — —
78 Concord Biotech LimitedCONCORDBIO 20,489 ₹13,293 43.8 6.59 0.10× 15.1% 0.55% — Healthcare
79 Data Patterns (India) LimitedDATAPATTNS 17,419 ₹21,842 81.5 12.58 0.10× 15.4% 0.24% — Industrials
80 Cello World LimitedCELLO 24,712 ₹8,036 26.0 2.98 0.10× 11.4% 0.41% — Consumer Cyclical
81 Voith Paper Fabrics India LimitedVOITHPAPR 24,178 ₹604 14.6 1.43 0.10× 9.8% 0.73% — Basic Materials
82 Gujarat Apollo Industries LimitedGUJAPOLLO 23,789 ₹448 76.8 0.88 0.10× 1.2% 0.61% — Industrials
83 Caplin Point Laboratories LimitedCAPLIPOINT 22,651 ₹17,095 25.8 4.77 0.10× 18.9% 0.33% — Healthcare
84 Mayur Uniquoters LimitedMAYURUNIQ 22,921 ₹3,162 15.3 2.79 0.10× 18.3% 0.76% — Consumer Cyclical
85 Onix Solar Energy LimitedONIXSOLAR 23,626 ₹1,209 3.4 1.56 0.10× 12.4% 0 — Technology
86 Reliance Industrial Infrastructure LimitedRIIL 22,922 ₹1,040 85.8 2.19 0.11× 2.6% 0.51% — Industrials
87 Eimco Elecon (India) LimitedEIMCOELECO 21,972 ₹1,300 32.8 2.78 0.11× 8.5% 0.18% — Industrials
88 Krishna Defence and Allied Industries LimitedKRISHNADEF 20,216 ₹1,634 39.1 8.44 0.11× 21.6% 0.10% — Industrials
89 Apex Frozen Foods LimitedAPEX 24,942 ₹969 18.9 1.84 0.11× 9.7% 0.75% — Consumer Defensive
90 Bharat Rasayan LimitedBHARATRAS 26,722 ₹1,622 6.3 1.27 0.11× 20.2% 0.05% — Basic Materials
91 Likhitha Infrastructure LimitedLIKHITHA 23,862 ₹837 25.7 2.03 0.11× 8.0% 0 — Energy
92 Fine Organic Industries LimitedFINEORG 21,498 ₹15,628 36.2 5.87 0.11× 16.2% 0.20% — Basic Materials
93 Maharashtra Seamless LimitedMAHSEAMLES 24,763 ₹7,226 9.8 1.05 0.11× 10.7% 1.62% — Basic Materials
94 Clean Science and Technology LimitedCLEAN 22,010 ₹7,950 34.1 5.02 0.11× 14.7% 0.76% — Basic Materials
95 Mega Nirman & Industries LimitedMNIL 1,152 ₹143 254.5 — 0.11× — 0 — Consumer Cyclical
96 Veljan Denison LimitedVELJAN 22,735 ₹1,041 39.8 4.15 0.11× 10.4% 0.33% — Industrials
97 BN Agrochem LimitedBNAGROCHEM 22,723 ₹1,404 82.5 3.01 0.11× 3.7% 0 — Consumer Defensive
98 Voltamp Transformers LimitedVOLTAMP 20,493 ₹10,063 31.7 5.62 0.11× 17.7% 0.96% — Industrials
99 Teamo Productions HQ LimitedTPHQ 24,244 ₹49 7.5 0.36 0.11× 4.6% 0 — Industrials
100 Bannari Amman Sugars LimitedBANARISUG 23,538 ₹4,042 33.2 2.11 0.11× 6.4% 0.38% — 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

United StatesUnited KingdomChina

Questions

Which small cap 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 small cap companies in India have an Owes vs Owns figure?

1,883 of the 2,084 small 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 small 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.