Top 9 Best Debt Free Penny Stock In India 2023 – Explore Now

Top 9 Best Debt Free Penny Stock In India: In the world of Stock Market trading, the attraction of low-value penny stocks has been creating a huge profit margin in performance over the years and is likely to continue in the future.

The low-priced penny stocks offer a great growth potential for high rewards and low risks on a minimal investment, making them an alluring option for both newbie and seasoned investors.

However, the risk associated with these penny stocks can be overwhelming by dealing with companies that are loaded with debt. One of the best ways to reduce the risk of investing in penny stocks is by looking for debt-free companies with good profitability and high returns.

So, in this article, we’ll delve into the topic of Best Debt Free Penny Stocks in India for 2023 and upcoming years.

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What are Debt free Penny Stocks?

Debt-free Penny Stocks are typically small-cap stocks of companies that traded at low prices around under ₹10 per share and have no debt or a minimal on their balance sheet.

These stocks might be great choices for those who are new to this stock market and the important thing is that debt-free penny stocks refer to as a low-risk and high-reward investment.

Investing in the debt-free penny stocks in 2023 can be very profitable because a debt-free company is less likely to face any financial crises that could strain its overall balance sheet.

Benefits of Investing in Debt Free Penny Stock

Multiple benefits come with deft-free penny stocks including Low entry cost, high growth potential, diversification, and potential for high returns at a minimum cost.

Let’s, deeply discuss the benefits of investing in Debt Free Penny Stocks.

Top 9 Best Debt Free Penny Stock in India

High Growth Potential

As debt-free penny stocks are associated with companies that have no debt on their balance sheet without paying attention to giving interest payments these companies have enough room for high growth.

However, this financial stability reduces the risk factors and provides relief for investors to invest in penny stocks.

Low Entry Cost

Almost every debt-free penny stock trades at a lower value of just under ₹10 Rs, making them affordable and accessible to investors for investing in these stocks without any hesitation.

Diversification of Portfolio

Debt-free penny stocks can be helpful for investors to diversify their portfolios and also manage to reduce the overall risk.

Accessibility

These types of penny stocks are easily available on the major stock exchange platforms and can be also comfortably bought and sold through online brokerage platforms, making debt-free penny stocks accessible to a broad range of investors.

How to Find Debt Free Penny Stocks for you?

As we mentioned earlier, Debt Free Penny Stocks are a very good choice for low-risk and high-return investments so before investing make sure you’ve properly researched and identified the best debt-free stocks for yourself.

Multiple methods help you easily identify the most profitable and high-growth potential penny stock companies to invest in.

Among all of these methods, the most helpful and notable ones are listed below:

  • Use a stock screener tool to identify the companies with zero debt.
  • You can also look for the company’s healthy balance sheet, cash flow, and overall financial position in the current market.
  • Make sure to analyze technical and fundamental details manually.
  • Properly examine the company’s profitability metrics including its profit margin, net income, and total revenue.

Top 9 Best Debt Free Penny Stock in India Overview

Company Name Industry
Pasupati Acrylon
Chemicals
Rajoo Engineers
Industrial Goods
Manaksia Steels
Steal
BSEL Infrastructure Realty
Real Estate
GP Petroleums
Lubricants
Blue Chip India
Infrastructure
S G N Telecoms Ltd
Cable
Empower India Ltd
IT (Informational Technology)
Airan LTD
Information Technology

1. Pasupati Acrylon

Pasupati Acrylon is one of India’s leading textile manufacturing companies that produces a huge amount of acrylic fiber and yarn. It is a part of the Pasupati Group which has immersed itself in the textile business.

It is a debt-free company with a strong financial proven track record of profitability and around 3.31 billion INR of Market Cap. Pasupati Acrylon products are exported all over the world including 30 countries.

The company has a strong balance sheet and a wide range of products and currently, it is well-positioned to benefit from the upcoming growth of the global textile industry with increasing the demand for fiber and yarn. 

Stock Name Pasupati Acrylon
Founded In
1982
Debt-to-Equity Ratio
0.04%
Promotor Holding
65.87%
Return on Equity
15.5%
Market Cap
3.31 billion INR
Revenue
₹8.28 billion in FY23
Competitors
Arya Sasol Polymer, Polytronics Technology, Indian Acrylics Limited
Official Website

2. Rajoo Engineers

Rajoo Engineers was founded in the year of 1986 in a small village named Manavadar, Gujarat by the humble and great entrepreneur Mr. C. N. Doshi.

Currently, Rajoo Engineers is a globally leading and reputable manufacturing & distribution company of plastic processing machinery including Extrusion Lines, Thermoforming Machines, Pipe Plants and Foam Extrusion Systems.

The company has successful to making the global presence with exporting their products over the 50 countries across the world. 

Stock Name Rajoo Engineers
Founded In
1986
Debt-to-Equity Ratio
0.01%
Promotor Holding
66.33%
Return on Equity
13.81%
Market Cap
6.82 billion INR
Revenue
₹10.28 billion in FY23
Competitors
Larsen & Toubro, Bharat Heavy Electricals Limited, Thermax Limited
Official Website

Additionally, Rajoo Engineers is a major supplier of Indian plastic industry and also has a strong presence in the overall market to capitalize the future growth of this industry.

According to reports, the company’s net profits have increased by an average of 15% per year over the past five years.

The Indian plastic industry is expected to grow at a CAGR of 10% over the next five years, which is good sign for investors for investing in this industry with Rajoo Engineers debt-free penny stocks.

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3. Manaksia Steels

Manaksia Steel is another debt-free penny stock in India which company produces steel products such as coils, roofing sheets, and color-coated steel sheets & coils. The company has a strong presence in Indian construction and infrastructure sector.

With professional team management and working efficiency, the company has achieved success in this sector also expanding the business globally by supplying their products all over the world.

Moreover, looking into the company’s awesome balance sheet and future growth Manaksia Steel is likely to be a good choice for investors and can expect a high return of profit from this company in the coming years.

Stock Name Manaksia Steels
Founded In
1989
Debt-to-Equity Ratio
0.08%
Promotor Holding
74.75%
Return on Equity
11.67%
Market Cap
2.80 billion INR
Revenue
₹7.28 billion in FY23
Competitors
Tata Steel, JSW Steel, SAIL
Official Website

4. BSEL Infrastructure Realty Limited

BSEL Infrastructure Realty Limited is an Indian-based real estate and Infrastructure Company that offers a wide range of products and services including Property management, residential properties, and infrastructure services like water supply, sanitation, and electricity.

Having a debt-free balance sheet makes this company’s stock more allure and attractive for investors who are seeking a high-reward and low-risk investment.

However, there is one other factor that makes this stock more versatile and believable in the stock market which is the increasing demand for property management and infrastructure development.

Stock Name BSEL Infrastructure Realty Limited
Founded In
1995
Debt-to-Equity Ratio
0.00%
Promotor Holding
65.00%
Return on Equity
3.75%
Market Cap
₹125Cr
Revenue
₹12.28 billion in FY23
Competitors
DLF Limited, Godrej Properties Limited, Oberoi Realty Limited
Official Website

5. GP Petroleums Limited

GP Petroleums Limited is an Indian company that manufactures greases, Engine oils, and other automotive lubricants. It is also a debt-free company which indicates the company’s ability to manage financial situations without paying interest payments.

GPPL has a strong proven track record of success in generating profits and positive cash flows, it shows that without borrowing any funds the company’s operations are smoothly run in the Indian market.

As per analysts, the company has a bright future with huge growth potential by looking at the increasing demand for lubricant products.

Stock Name GP Petroleums Limited
Founded In
1993
Debt-to-Equity Ratio
0.06%
Promotor Holding
63.44%
Return on Equity
-1.64%
Market Cap
2.71 billion INR
Revenue
₹10.28 billion in FY23
Competitors
Reliance Industries Limited, Essar Oil Limited, Nayara Energy Limited
Official Website

6. Blue Chip India

As we mentioned earlier, penny stocks are very affordable and easily accessible, and the debt-free company’s financial stability provides extra comfort to investors regarding the risk assessment.

So being a debt-free penny stock, Blue Chip India can be a good option as the company equity funds invest in a variety of sectors like banking, finance, technology, and consumer goods.

Stock Name Blue Chip India
Founded In
1995
Debt-to-Equity Ratio
0.00%
Promotor Holding
65.87%
Return on Equity
-3.33%
Market Cap
75.80 Cr
Revenue
₹8.28 billion in FY23
Competitors
HDFC Securities Limited, ICICI Securities Limited, Axis Securities
Official Website

Blue Chip India is well-established and perfectly managed by an experienced investment Professionals Company that provides financial services including investment banking, asset management, and insurance.

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7. Airan LTD

Airan Limited is an Indian-based Information Technology (IT) company that offers a broader range of services and products including banking transaction processing, software development, and Cash Management Services (CMS).

It is one of India’s most reliable IT companies with a strong presence in the Indian market through serving various clients like telecommunication companies and government agencies.

Airan is a well-established and reputable IT company in India with a great opportunity to make investments by looking at this company’s financial stability and previous years’ track records.

However, being a debt-free company, investors are very confident and reliable about Airan Limited’s future growth potential.

Stock Name Airan LTD
Founded In
1995
Debt-to-Equity Ratio
0.02%
Promotor Holding
72.38 %
Return on Equity
9.37%
Market Cap
276.92 Cr.
Revenue
100.35 Cr (2023-03-31)
Competitors
BNR Udyog Ltd. BNRUDY, Cadsys (India) Ltd. CADSI, eClerx Services Ltd. ECLSER
Official Website

8. SGN Telecom Limited

SGN Telecom Limited is also a debt-free company that manufactures Cable components including XLPE insulated Power cables, data cables, and AAAC & ACSR conductors. The company is one of the major players in the Indian cable industry with a good reputation and presence.

Debt-free clearance indicates that the company has an experienced team management which helps them offer services and products to the consumers without borrowing any funds.

Looking into the company’s financial stability and performances over the past years we’ve predicted that in the next few years, SGN Telecom stock is likely to return a high level of profit margin to its investors.

Stock Name SGN Telecom Limited
Founded In
1986
Debt-to-Equity Ratio
0.00%
Promotor Holding
24.49%
Return on Equity
-14.23
Market Cap
Rs 6.95 Cr.
Revenue
Rs 0.12 Cr and Rs -0.16 Cr (2023-03-31)
Competitors
Bharti Airtel Limited, Reliance Jio Infocomm Limited, Vodafone Idea Limited
Official Website

9. Empower India Limited

Empower India Limited is a well-established and reputable digital solution provider with a stronghold in the Indian market.

The company offers a vast number of products and series and notable among them are software development solutions, Managed services, and Business Process Outsourcing (BPO) solutions.

Stock Name Empower India Limited
Founded In
1981
Debt-to-Equity Ratio
0.3%
Promotor Holding
65.87%
Return on Equity
15.5%
Market Cap
1.28 billion INR
Revenue
2Cr
Competitors
STC India, Balaxi Pharma, PTL Enterprises
Official Website

However, in terms of the company’s overall financial reports it shows that Empower India Limited is an independent company with zero debt which is a very good sign for investors who are seeking a highly profitable and low-risk penny stock.

Overall Empower India Limited can be a better option for considering the best debt-free penny stock in India.

Final Thought

I hope our research analysis on the topic of “Top 9 Best Debt Free Penny Stock in India” helps you to find a profitable and low-risk stock according to your preferences and requirements.

Our above-listed stocks are debt-free and also have a huge growth potential in their specific industry in the coming years.

However, it is important to remember that debt-free penny stocks can be low risky but there is no guarantee about the future returns. We can expect a high return by looking at the company’s performance and the demand & supply of its products in the Indian market.

So, if you’re satisfied by reading this article then make sure you give us 5 stars and if you’ve any doubts or questions about this topic or any stock related then you can ask me in the comment. 

Disclaimer: –  This article is strictly for educational purposes only and we do not provide any advice or tips for investment or recommend buying or selling any stocks, so kindly do your research and analysis before investing in any stock or shares. 

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