Debt Free Companies: 470 stocks

Companies with no debt and healthy profitability.

Screen: Debt to equity < 0.05 AND Return on capital employed > 15 · updated 30 September 2026 · 470 NSE and BSE companies match, largest first.

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#	Company	CMP Rs.	Mar Cap Rs.Cr.	P/E	ROCE %	Debt / Eq
1	Hindustan Unilever Limited	₹ 1,880	₹ 4,41,653 Cr	42.9	28.1%	0.03
2	Maruti Suzuki India Limited	₹ 11,999	₹ 3,77,252 Cr	26.3	19.0%	0.00
3	ITC Limited	₹ 265	₹ 3,32,309 Cr	16.9	38.7%	0.03
4	Hindustan Aeronautics Limited	₹ 4,687	₹ 3,13,475 Cr	34.5	32.0%	0.00
5	Bharat Electronics Limited	₹ 387	₹ 2,83,071 Cr	47.0	36.6%	0.00
6	Divi's Laboratories Limited	₹ 9,378	₹ 2,48,957 Cr	87.1	21.5%	0.00
7	Eicher Motors Limited	₹ 7,182	₹ 1,97,148 Cr	35.0	30.3%	0.02
8	Vedanta Aluminium Metal Limited	₹ 420	₹ 1,64,014 Cr	42.6	600.0%	-0.86
9	Pidilite Industries Limited	₹ 1,491	₹ 1,51,875 Cr	58.5	31.5%	0.04
10	ABB India Limited	₹ 6,872	₹ 1,45,613 Cr	94.2	29.9%	0.01
11	Vodafone Idea Limited	₹ 13.24	₹ 1,43,446 Cr	4.09	35.1%	-5.38
12	Bosch Limited	₹ 47,010	₹ 1,38,680 Cr	60.3	25.3%	0.01
13	CG Power and Industrial Solutions Limited	₹ 866	₹ 1,36,380 Cr	111.2	27.4%	0.01
14	Hitachi Energy India Limited	₹ 30,445	₹ 1,35,699 Cr	117.5	27.9%	0.02
15	Siemens Limited	₹ 3,772	₹ 1,34,332 Cr	80.0	15.8%	0.01
16	Cummins India Limited	₹ 4,828	₹ 1,33,832 Cr	57.8	38.5%	0.00
17	BSE Limited	₹ 3,083	₹ 1,25,193 Cr	47.7	59.4%	0.00
18	Siemens Energy India Limited	₹ 3,277	₹ 1,16,697 Cr	76.9	33.5%	0.03
19	Billionbrains Garage Ventures Limited	₹ 184	₹ 1,13,925 Cr	47.4	28.8%	0.03
20	Cipla Limited	₹ 1,363	₹ 1,10,081 Cr	33.6	15.8%	0.02
21	GE Vernova T&D India Limited	₹ 4,198	₹ 1,07,489 Cr	84.0	73.6%	0.01
22	Hero MotoCorp Limited	₹ 5,318	₹ 1,06,425 Cr	20.1	35.5%	0.04
23	IndiaMART InterMESH Limited	₹ 1,632	₹ 98,171 Cr	20.1	28.0%	0.01
24	United Spirits Limited	₹ 1,343	₹ 95,339 Cr	59.5	26.5%	0.05
25	Oracle Financial Services Software Limited	₹ 10,774	₹ 93,844 Cr	27.6	45.3%	0.00
26	Mazagon Dock Shipbuilders Limited	₹ 2,119	₹ 85,492 Cr	33.1	36.4%	0.05
27	Multi Commodity Exchange of India Limited	₹ 3,272	₹ 83,277 Cr	55.0	71.4%	0.00
28	Nippon Life India Asset Management Limited	₹ 1,072	₹ 68,606 Cr	43.4	43.8%	0.02
29	Havells India Limited	₹ 1,043	₹ 65,436 Cr	41.8	24.5%	0.03
30	National Aluminium Company Limited	₹ 345	₹ 63,336 Cr	9.49	38.9%	0.01
31	Schaeffler India Limited	₹ 3,915	₹ 61,191 Cr	49.4	27.3%	0.01
32	Abbott India Limited	₹ 27,300	₹ 58,010 Cr	35.5	44.9%	0.04
33	Linde India Limited	₹ 6,202	₹ 52,893 Cr	96.3	18.2%	0.02
34	Colgate-Palmolive (India) Limited	₹ 1,796	₹ 48,849 Cr	37.5	106.5%	0.03
35	Anthem Biosciences Limited	₹ 867	₹ 48,695 Cr	86.5	29.6%	0.02
36	GlaxoSmithKline Pharmaceuticals Limited	₹ 2,771	₹ 46,942 Cr	44.6	66.1%	0.01
37	Hindustan Copper Limited	₹ 479	₹ 46,272 Cr	42.2	39.3%	0.03
38	The Supreme Industries Limited	₹ 3,514	₹ 44,631 Cr	43.1	20.9%	0.01
39	KEI Industries Limited	₹ 4,498	₹ 43,001 Cr	44.8	19.9%	0.04
40	Indian Railway Catering & Tourism Corporation Limited	₹ 459	₹ 36,720 Cr	26.3	46.5%	0.02
41	AIA Engineering Limited	₹ 3,825	₹ 35,691 Cr	28.9	21.1%	0.00
42	PI Industries Limited	₹ 2,305	₹ 34,968 Cr	30.6	15.6%	0.03
43	Godfrey Phillips India Limited	₹ 1,913	₹ 29,846 Cr	22.5	32.9%	0.04
44	Honeywell Automation India Limited	₹ 33,700	₹ 29,798 Cr	54.4	16.5%	0.02
45	Escorts Kubota Limited	₹ 2,707	₹ 29,784 Cr	22.7	15.9%	0.01
46	Aditya Birla Sun Life AMC Limited	₹ 962	₹ 27,826 Cr	29.2	32.2%	0.02
47	Acutaas Chemicals Limited	₹ 3,287	₹ 26,912 Cr	69.7	32.2%	0.02
48	Central Depository Services (India) Limited	₹ 1,272	₹ 26,587 Cr	58.5	32.7%	0.00
49	ZF Commercial Vehicle Control Systems India Limited	₹ 2,316	₹ 26,358 Cr	2.60	19.9%	0.01
50	Garden Reach Shipbuilders & Engineers Limited	₹ 2,210	₹ 25,316 Cr	33.2	43.0%	0.01

Showing the 50 largest of 470. See all 470.

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Lists are worked out from each company's latest reported numbers and prices, end of day. For research and education, not investment advice.