Small-cap stocks can offer big returns, especially when they have no debt and strong profits. In this article, we list 5 debt-free small-cap companies with high operating profit margins, some up to 94 percent. These financially healthy firms could be smart picks for investors looking for solid performance with lower financial risk.
Here are a few debt-free small-cap stocks with high operating profit margins up to 94 percent
1. Maharashtra Scooters Limited
With a market capitalization of Rs. 17,079.19 crore, the shares of Maharashtra Scooters Limited were currently trading at Rs. 14,944.30 per equity share, down nearly 0.58 percent from its previous day’s close price of Rs. 15,032.05.
The company is completely debt-free, with zero borrowings, which reflects strong financial stability. In addition, it reported an impressive operating profit margin (OPM) of 94 percent in FY25. This combination of no debt and high profitability makes it a financially strong and efficient business.
Maharashtra Scooters Limited was founded in 1975 and is headquartered in Pune. The company is a subsidiary of Bajaj Holdings and Investment Ltd. The company manufactures pressure die casting dies, jigs, fixtures, and die casting components for the automotive sector and operates as a core investment company.
Maharashtra Scooters Limited’s revenue has increased from Rs. 8 crore in Q1 FY25 to Rs. 29 crore in Q1 FY26, which has grown by 262.5 percent. The net profit has also grown by 337.5 percent from Rs. 8 crore in Q1 FY25 to Rs. 35 crore in Q1 FY26.
2. MOIL Limited
With a market capitalization of Rs. 6,979.54 crore, the shares of MOIL Limited were currently trading at Rs. 343.10 per equity share, down nearly 0.98 percent from its previous day’s close price of Rs. 346.50.
The company is completely debt-free, with zero borrowings, which reflects strong financial stability. In addition, it reported an impressive operating profit margin (OPM) of 33 percent in FY25. This combination of no debt and high profitability makes it a financially strong and efficient business.
MOIL Limited was established in 1962 and is headquartered in Nagpur. The company is India’s largest manganese ore producer with over 50 percent market share. It operates multiple mines in Maharashtra and Madhya Pradesh, producing various manganese ore grades and generating power through wind and solar farms.
MOIL Limited’s revenue has decreased from Rs. 493 crore in Q1 FY25 to Rs. 348 crore in Q1 FY26, which is a drop of 29.41 percent. The net profit has also decreased by 65.79 percent from Rs. 152 crore in Q1 FY25 to Rs. 52 crore in Q1 FY26.
3. Shilchar Technologies Limited
With a market capitalization of Rs. 6,095.40 crore, the shares of Shilchar Technologies Limited were currently trading at Rs. 5,328.05 per equity share, down nearly 1.15 percent from its previous day’s close price of Rs. 5,390.
The company is completely debt-free, with zero borrowings, which reflects strong financial stability. In addition, it reported an impressive operating profit margin (OPM) of 30 percent in FY25. This combination of no debt and high profitability makes it a financially strong and efficient business.
Shilchar Technologies Limited was incorporated on January 13, 1986, and is headquartered in Vadodara, Gujarat. The company is a power and distribution transformer manufacturer, producing R‑core, ferrite, and utility transformers up to 50 MVA/132 kV. It serves sectors like utilities, renewable energy, cement, steel, and exports to over 20 countries.
Shilchar Technologies Limited’s revenue has increased from Rs. 105 crore in Q4 FY24 to Rs. 232 crore in Q4 FY25, which has grown by 120.95 percent. The net profit has also grown by 120 percent from Rs. 25 crore in Q4 FY24 to Rs. 55 crore in Q4 FY25.
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4. Brightcom Group Limited
With a market capitalization of Rs. 3,232.71 crore, the shares of Brightcom Group Limited were currently trading at Rs. 16.05 per equity share, rising nearly 4.49 percent from its previous day’s close price of Rs. 15.36.
The company is completely debt-free, with zero borrowings, which reflects strong financial stability. In addition, it reported an impressive operating profit margin (OPM) of 26 percent in FY25. This combination of no debt and high profitability makes it a financially strong and efficient business.
Brightcom Group Limited was founded in 1999 and is headquartered in Hyderabad. The company is a global AdTech and digital marketing company. It provides programmatic advertising, video, display, search, social media, and software solutions to businesses and publishers in over 24 countries
Brightcom Group Limited’s revenue has increased from Rs. 705 crore in Q4 FY24 to Rs. 987 crore in Q4 FY25, which has grown by 40 percent. The net profit has also grown by 227.03 percent from Rs. 37 crore in Q4 FY24 to Rs. 121 crore in Q4 FY25.
5. Jyoti Resins and Adhesives Limited
With a market capitalization of Rs. 1,613.34 crore, the shares of Jyoti Resins and Adhesives Limited were currently trading at Rs. 1,344.45 per equity share, down nearly 0.97 percent from its previous day’s close price of Rs. 1,357.65.
The company is completely debt-free, with zero borrowings, which reflects strong financial stability. In addition, it reported an impressive operating profit margin (OPM) of 31 percent in FY25. This combination of no debt and high profitability makes it a financially strong and efficient business.
Jyoti Resins and Adhesives Limited was established in 1993 and is headquartered in Ahmedabad. The company specializes in synthetic resin adhesives. Its flagship Euro 7000 brand is a leading wood adhesive used across India, supported by advanced manufacturing and in-house R&D.
Jyoti Resins and Adhesives Limited’s revenue has increased from Rs. 71 crore in Q4 FY24 to Rs. 79 crore in Q4 FY25, which has grown by 11.27 percent. The net profit has also grown by 5.26 percent from Rs. 19 crore in Q4 FY24 to Rs. 20 crore in Q4 FY25.
Written By Nikhil Naik
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