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Debt-free stocks in India (November 2026)

Effectively debt-free companies (near-zero debt-to-equity), ranked by business quality — balance-sheet strength you can lean on.

#CompanyQualityDiscountOur call
1Prudent Corporate Advisory Services LtdPRUDENT · Financial Services94-59%Watch
2HD Fire Protect LtdHDFIRE · Industrials94-34%Watch
3National Stock Exchange Of India Ltd544937.BO · Financial Services93-27%Watch
4HDFC Asset Management Company LtdHDFCAMC · Financial Services93-3%Buy candidate
5Eicher Motors LtdEICHERMOT · Consumer Discretionary93-40%Watch
6Computer Age Management Services LtdCAMS · Financial Services93-19%Watch
7Indian Energy Exchange LtdIEX · Financial Services92+34%Buy candidate
8Central Mine Planning & Design Institute LtdCMPDI · Industrials90+38%Buy candidate
9Polycab India LtdPOLYCAB · Industrials90-54%Watch
10Indiamart Intermesh LtdINDIAMART · Consumer Discretionary90+5%Buy candidate
11Raghav Productivity Enhancers LtdRPEL · Industrials89-455%Watch
12Persistent Systems LtdPERSISTENT · Information Technology89-83%Watch
13S J S Enterprises LtdSJS · Consumer Discretionary89-47%Watch
14Dr Lal Pathlabs LtdLALPATHLAB · Healthcare89-127%Watch
15Pidilite Industries LtdPIDILITIND · Commodities89-348%Watch
16Sona BLW Precision Forgings LtdSONACOMS · Consumer Discretionary89-281%Watch
17Central Depository Services (India) LtdCDSL · Financial Services89-78%Watch
18Triveni Turbine LtdTRITURBINE · Industrials88-64%Watch
19APL Apollo Tubes LtdAPLAPOLLO · Industrials88-74%Watch
20Kirloskar Pneumatic Company LtdKIRLPNU · Industrials88-17%Watch
21SBI Funds Management LtdSBIFUNDS · Financial Services88-15%Watch
22Caplin Point Laboratories LtdCAPLIPOINT · Healthcare88+13%Buy candidate
23Cummins India LtdCUMMINSIND · Industrials88-159%Watch
24CRISIL LtdCRISIL · Financial Services88-103%Watch
25Abbott India LtdABBOTINDIA · Healthcare88-55%Watch
26Crizac LtdCRIZAC · Consumer Discretionary88+59%Buy candidate
27Canara Robeco Asset Management Company LtdCRAMC · Financial Services88+32%Buy candidate
28Hindustan Unilever LtdHINDUNILVR · Fast Moving Consumer Goods87-43%Watch
29Inox India LtdINOXINDIA · Industrials87-203%Watch
30Newgen Software Technologies LtdNEWGEN · Information Technology86+36%Buy candidate
31Affle 3i LtdAFFLE · Information Technology86-39%Watch
32Ajanta Pharma LtdAJANTPHARM · Healthcare86-103%Watch
33Coforge LtdCOFORGE · Information Technology85-100%Watch
34Supriya Lifescience LtdSUPRIYA · Healthcare85-3%Buy candidate
35Acutaas Chemicals LtdACUTAAS · Healthcare85-609%Watch
36Anand Rathi Wealth LtdANANDRATHI · Financial Services85-246%Watch
37Stylam Industries LtdSTYLAMIND · Consumer Discretionary85+7%Buy candidate
38J B Chemicals & Pharmaceuticals LtdJBCHEPHARM · Healthcare85-90%Watch
39Bharat Electronics LtdBEL · Industrials85-283%Watch
40Nestle India LtdNESTLEIND · Fast Moving Consumer Goods84-270%Watch
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Quality score is a 0–100 rating of business quality; discount is versus our estimate of fair value. RichFakir is a free educational research tool, not investment advice — figures are estimates from public filings and may contain errors. Do your own research.