All debt free companies are Good? Debt Free Companies in India 2017- Stocks

All debt free companies are Good?

Generally debt free companies are good bet for investment. But all debt free companies may not be good.A scrutiny of business fundamentals is a must before one goes ahead and buy their stocks.Its will be good idea to check companies ‘Total Income growth (sales turnover)’. Though company is maintaining zero debt but; if it is not able to increase turnover, it will not be considered good.To get more idea, compare sales turnover of company with its nearest competitors.Concept says, it’s a good practice to keep debt levels as low as possible. But this should not be done at cost of ‘business growth’.Companies which are compromising its growth are either complacent or does not have skillful & dynamic top managers.A combination of high sales growth and low debt is ideal. Investors must keep track of such companies. Also, companies maintaining high profit margins automatically becomes most preferred by investors.
Debt Free Companies in India 2017

(Updated on January’2017)

SL	Company name	Market Price (Rs.)	Market cap	Revenue Growth (5Y) %	EBITDA Margin (%)	Total debt/equity (Recent yr) (%)
1	Dr. Lal PathLabs Ltd	1111.9	91.80B	27.24	30.35	0.00
2	Infosys Ltd	971.45	2.22T	17.82	27.37	0.00
3	Procter & Gamble Hygiene & Health Care	6850	221.84B	18.48	27.27	0.00
4	CRISIL Ltd.	2245.6	161.24B	17.04	28.83	0.00
5	Just Dial Ltd	375.75	26.16B	30.3	28.09	0.00
6	Vardhman Holdings Limited	1818	5.85B	43.77	92.58	0.00
7	Kalyani Investment Co Ltd	1190	5.22B	39.79	95.12	0.00
8	NESCO Ltd.	2110	29.59B	17.43	71.05	0.00
9	Tata Elxsi Limited	1392.9	43.38B	20.92	23.77	0.00
10	Max Financial Services Ltd	547	146.58B	11.86	42.74	0.00
11	JSW Holdings Ltd	1405	15.71B	15.91	92.2	0.00
12	Hindustan Zinc Ltd	264.25	1.12T	7.22	45.48	0.00
13	Sanofi India Ltd	4239.9	97.26B	15.11	22.76	0.00
14	Colgate-Palmolive (India) Limited	899.65	244.61B	12.73	21.52	0.00
15	Indraprastha Gas Limited	925	129.66B	16.14	20.94	0.00
16	Hexaware Technologies Limited	201.4	61.01B	24.26	15.9	0.00
17	ICRA Limited	3972	39.88B	12.06	31.04	0.00
18	WIM Plast Ltd	1500	18.01B	17.84	22.41	0.00
19	CMC Limited (Parent)	2034.35	61.51B	23.26	14.87	0.00
20	SQS India BFSI Ltd	725.9	7.71B	26.08	20.85	0.00
21	Castrol India Limited	389.75	193.01B	3.82	29.52	0.00
22	Wabco India Ltd	5200.15	98.69B	15.55	15.61	0.00
23	Sinclairs Hotels Limited	277.2	1.54B	21.11	42.62	0.00
24	Gillette India Limited	4218.55	137.85B	10.95	18.59	0.00
25	Sangam Advisors Ltd	27.1	267.03M	28.74	49.31	0.00
26	Akzo Nobel India Ltd	1415	66.20B	20.1	11.42	0.00
27	VST Industries Limited	2429	37.52B	8.72	26.26	0.00
28	Hasti Finance Ltd	9.85	106.77M	56.28	41.46	0.00
29	Balmer Lawrie Investments Ltd.	374.9	8.40B	8.6	97.92	0.00
30	TTK Prestige Limited (Parent)	5662.6	66.20B	14.84	12.28	0.00
31	FAG Bearings India Limited	3890	64.05B	10.64	17.37	0.00
32	Stovec Industries Ltd	2055	4.29B	22.01	17.11	0.00
33	Ramco Systems Ltd	372.1	11.24B	17.02	16.6	0.00
34	Atul Auto Ltd	438.25	9.66B	21.32	14.13	0.00
35	Panasonic Carbon India Co Ltd	470.85	1.19B	16.97	35.56	0.00
36	TV Today Network Ltd.	276.8	16.45B	13.23	17.63	0.00
37	Monsanto India Limited	2266	39.13B	8.31	21.52	0.00
38	Fervent Synergies Ltd	29.95	876.04M	22.58	23.64	0.00
39	Yamini Investments Company Ltd	23.8	12.37B	260.19	6.11	0.00
40	Tata Investment Corporation Limited	576.25	31.79B	0.25	92.75	0.00
41	Multibase India Ltd	289.1	3.63B	13.31	21.55	0.00
42	Vesuvius India Ltd	1165	23.98B	9.72	18.39	0.00
43	Bayer CropScience Ltd	4127.1	145.44B	6.21	15.99	0.00
44	Ultramarine & Pigments Ltd.	169.5	4.95B	13.33	19.07	0.00
45	ACC Ltd	1335.2	249.87B	6.72	12.78	0.00
46	NBCC (India) Ltd	251.15	150.54B	13.27	5.97	0.00
47	G M Breweries Ltd	480.5	7.06B	9.19	23.04	0.00
48	Zydus Wellness Ltd	872.95	34.14B	4.95	21.72	0.00
49	Pyxis Finvest Ltd	26	299.07M	12.56	72.03	0.00
50	Benares Hotels Ltd	1095	1.42B	12.53	27.7	0.00
51	Reliance Industrial Infrastructure Ltd.	400.65	6.05B	9.87	21.48	0.00
52	Modi Udyog Ltd	299.8	9.03B	580.89	2.49	0.00
53	Elantas Beck India Ltd	1765.1	14.00B	6.49	21.26	0.00
54	Merck Limited	978.95	16.28B	12.91	11.6	0.00
55	Vedvaag Systems Ltd	79.15	1.13B	36.54	13.42	0.00
56	ABM Knowledgeware Ltd	151.6	3.02B	7.95	28.14	0.00
57	D Link India Ltd	119.25	4.25B	41.29	5.28	0.00
58	Indag Rubber Ltd	183.65	4.87B	11.01	17.73	0.00
59	Trigyn Technologies Ltd	108.05	3.21B	21.67	10.83	0.00
60	VST Tillers Tractors Limited	1805.7	15.63B	8.64	15.68	0.00
61	National Aluminium Company Limited	65.05	125.83B	2.39	13.76	0.00
62	Dhanleela Investments & Trading Co Ltd	63.95	3.03B	163.6	3.6	0.00
63	Whirlpool Of India Ltd.	920	116.91B	5.25	11.26	0.00
64	Indian Toners & Developers Ltd	132.4	1.05B	12.32	20.61	0.00
65	Shanthi Gears Ltd.	114.4	9.58B	2.3	18.53	0.00
66	Divyashakti Granites Ltd	102	1.04B	14.2	15.22	0.00
67	Rap Media Ltd.	7.67	45.11M	22.83	12.57	0.00
68	Wendt India Ltd.	1775	3.55B	7.9	16	0.00
69	Rubfila International Ltd	37.9	1.64B	15.7	8.46	0.00
70	Saint-Gobain Sekurit India Limited	46.55	4.23B	8.4	13.35	0.00
71	Ingersoll Rand India Limited	678.9	21.47B	5.98	7.65	0.00
72	Fortis Malar Hospitals Ltd	85.2	1.57B	9.18	14.84	0.00
73	Amba Enterprises Ltd	120.45	1.52B	19.44	3.52	0.00
74	Kirloskar Oil Engines Ltd	332	48.02B	0.27	9.77	0.00
75	Indbank Merchant Banking Services Ltd	14.62	647.33M	2.27	23.7	0.00
76	Dolat Investments Ltd	2.64	464.64M	18.04	4.21	0.00
77	Kennametal India Limited	575	12.65B	2.37	8.19	0.00
78	Kirloskar Pneumatic Company Ltd	725	9.31B	0.69	11.6	0.00
79	Walchand Peoplefirst Ltd	147.9	416.27M	12.13	9.97	0.00
80	Novartis India Limited	683.05	19.19B	1.48	6.33	0.00
81	Shilchar Technologies Ltd	435	1.66B	1.69	16.12	0.00
82	UP Hotels Ltd.	297.7	1.62B	5.56	11.98	0.00
83	Alufluoride Ltd	32.3	223.95M	12.09	8.31	0.00
84	Panasonic Energy India Co Ltd	283	2.13B	6.41	7.83	0.00
85	Voltamp Transformers Limited	916.5	9.23B	1.02	7.77	0.00
86	Danlaw Technologies India Limited	55.75	212.01M	11.01	8.15	0.00
87	Mount Everest Mineral Water Ltd.	102	3.47B	3.76	5.71	0.00
88	Mindteck (India) Ltd	94.85	2.39B	5.29	5.07	0.00
89	IVP Ltd	122.7	1.29B	3.51	9.31	0.00
90	Caprihans India Limited	100.8	1.32B	5	6.05	0.00
91	Insilco Ltd	27.2	1.68B	2.48	2.93	0.00
92	Gujarat Intrux Ltd	58.95	191.86M	7.91	2.82	0.00
93	Hardcastle & Waud Manufacturing Co Ltd	280	190.25M	0.58	10.92	0.00
94	Pranavaditya Spinning Mills Ltd	27.9	515.47M	4.36	1.12	0.00
95	Elegant Marbles & Granite Industries Ltd	100.5	453.17M	3.51	3.49	0.00
96	Zodiac JRD MKJ Ltd	36.05	198.98M	2.2	4.53	0.00