Debt-Free Stocks
Companies with virtually no borrowings — the most resilient balance sheets.
Criteria: Debt-to-equity < 0.1, market cap > ₹500 Cr, ranked by market cap.
10 stocks match · NSE & BSE data
| Company | Price | D/E | ROE | ROCE | Mkt Cap (Cr) |
|---|---|---|---|---|---|
| HDFC BANK LTDHDFCBANK | ₹819.6 | — | 13.8% | 7.0% | 12,61,603 |
| ICICI BANK LTD.ICICIBANK | ₹1,444.3 | — | 16.1% | 7.2% | 10,34,085 |
| STATE BANK OF INDIASBIN | ₹1,044.3 | — | 15.4% | 6.1% | 9,63,984 |
| LIFE INSURA CORP OF INDIALICI | ₹433.1 | — | 37.8% | 35.1% | 5,47,930 |
| HINDUSTAN UNILEVER LTD.HINDUNILVR | ₹2,143.8 | — | 31.0% | 28.4% | 5,03,722 |
| SUN PHARMACEUTICAL IND LSUNPHARMA | ₹1,932.6 | — | 16.0% | 20.5% | 4,63,789 |
| INFOSYS LIMITEDINFY | ₹1,096.5 | — | 31.9% | 40.0% | 4,55,414 |
| MARUTI SUZUKI INDIA LTD.MARUTI | ₹13,803 | — | 14.4% | 19.0% | 4,33,968 |
| AXIS BANK LIMITEDAXISBANK | ₹1,328.5 | — | 13.1% | 6.2% | 4,12,900 |
| KOTAK MAHINDRA BANK LTDKOTAKBANK | ₹389.95 | — | 11.2% | 6.9% | 3,87,956 |
About this screen
Debt-free companies don’t owe interest, can’t be squeezed by rising rates, and rarely face solvency risk in a downturn. They tend to survive crises and emerge stronger. This screen finds businesses with a debt-to-equity ratio near zero.
What to watch out for
Zero debt isn’t always optimal — cheap debt can boost returns. But for conservative investors, a clean balance sheet is a powerful margin of safety.
Build your own screen
Full screener with 20+ fundamental & technical filters.
Understand the Debt-to-Equity Ratio
Formula, calculator and healthy ranges.
Related screens
All stock screens →Screens are a research starting point, not a buy recommendation. Data from NSE & BSE feeds; for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.