Finding fast-growing companies is great but finding ones that grow without taking on much debt is even better. These five mid-cap companies are doing just that. They’re growing strong while keeping their borrowings low, making them safer and more stable.
Why Growth + Low Debt Matters
When a company’s revenue keeps growing every year, it shows that the business is expanding and doing well. This steady increase is measured using something called CAGR (Compound Annual Growth Rate) . It tells us how much a company’s income has grown each year over a period of time.
At the same time, a low debt-to-equity ratio means the company hasn’t borrowed much money to grow. That’s a good sign because it means the company isn’t under pressure to repay large loans and is using its own funds wisely. Companies with low debt are usually safer during tough times and more stable in the long run.
If you’re looking for smart long-term picks, these should be on your radar.
1. PB Fintech Ltd
- 3-Year Revenue CAGR: 51.73%
- Debt-to-Equity: 0.05
PB Fintech Ltd, popularly known as Policy Bazar is India’s largest online platform for insurance and lending products through its flagship brands Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products.
With a market capitalization of Rs 84,575 Crores, the company reported a revenue of Rs 4,977 crore in FY25, up by 44.76 percent from its FY24 revenue of Rs 3,438 crore. Coming to its profitability, the company reported a net profit rise of 451.5 percent to Rs 353 crore in FY25 from Rs 64 crore in FY24. The stock has delivered a 215 percent return in the last 3 years.
2. Kaynes Technology India Ltd
- 3-Year Revenue CAGR: 56.80%
- Debt-to-Equity: 0.3
Kaynes Technology is a leading electronics manufacturing company that offers end-to-end solutions, including design, process engineering, and lifecycle support. It serves major industries like automotive, aerospace, defense, medical, IT, and IoT. With a strong order book of Rs 6,597 crore.
With a market capitalization of Rs 40,928 Crores, the company reported a revenue of Rs 2,722 crores in FY25, up by 50.8 percent from its FY24 revenue of Rs 1,805 crores. Coming to its profitability, the company reported a net profit rise of 60.1 percent to Rs 293 crores in FY25 from Rs 183 crore in FY24. The stock has delivered 692 percent return in the last 3 years.
3. One 97 Communications Ltd
- 3-Year Revenue CAGR: 11.53%
- Debt-to-Equity: 0.01
Paytm, owned by One 97 Communications Ltd, is one of India’s leading digital payment platforms. It played a major role in starting the digital payment revolution in the country. Today, over 20 million merchants and businesses across India use Paytm to accept payments, and more than 300 million users rely on the app for everyday transactions.
From paying at shops to recharge, bill payments, sending money, booking tickets, and more Paytm has become a go-to app for millions. The company is also working on new financial services to help bring 500 million underserved Indians into the formal economy. With a strong presence across both consumer and merchant ecosystems, Paytm continues to expand its role in shaping India’s digital future.
With a market capitalization of Rs 59,446 Crores, the company reported a revenue of Rs 6,900 crores in FY25, down by 30.8 percent from its FY24 revenue of Rs 9,978 crores. Coming to its profitability, the company reported a net loss of Rs 663 crores in FY25 from Rs 1422 crores in FY24. The stock has delivered a 41.7 percent return in the last 3 years.
4. KPIT Technologies Ltd
- 3-Year Revenue CAGR: 33.92%
- Debt-to-Equity: 0.12
KPIT Technologies is a global software company focused on building smart, clean, and connected mobility solutions. With over 13,000 experts worldwide, KPIT works with major automotive brands to develop next-gen technologies like autonomous driving, electric vehicles, and connected mobility.
The company has development centers in Europe, the USA, Japan, China, Thailand, and India, giving it a strong global footprint. In a recent quarter, KPIT secured $280 million worth of new deals, with a solid pipeline expected to drive revenue growth in the second half of FY26 and beyond.
KPIT is heavily investing in AI-based mobility solutions, cost-saving tools, and cybersecurity. It’s also expanding into new markets and vehicle programs, making it well-positioned for sustained growth in the evolving global mobility space.
With a market capitalization of Rs 34,434 Crores, it reported a revenue of Rs 5,842 crores in FY25, up by 20 percent from its FY24 revenue of Rs 4,872 crores. Coming to its profitability, the company reported a net profit rise of 40 percent to Rs 840 crore in FY25 from Rs 599 crore in FY24. The stock has delivered a 151 percent return in the last 3 years.
5. Garden Reach Shipbuilders Ltd
- 3-Year Revenue CAGR: 42.49%
- Debt-to-Equity: 0.0
Garden Reach Shipbuilders & Engineers Ltd (GRSE) is one of India’s top shipbuilding companies, working mainly with the Indian Navy and Coast Guard. It operates under the Ministry of Defence and is the first Indian shipyard to export warships. So far, GRSE has delivered over 100 ships to India’s defence forces.
As of March 31, 2025, the company has a strong order book of Rs 22,680 crore, matching the orders it received over the past year. With an annual revenue of over Rs 5,000 crore and steady new orders, the company expects its peak growth year to be FY26, with more commercial and non-defence orders helping to fill future demand gaps.
With a market capitalization of Rs 34,251 Crores, it reported a revenue of Rs 5,076 crores in FY25, up by 41.27 percent from its FY24 revenue of Rs 3,593 crores. Coming to its profitability, the company reported a net profit rise of 46.62 percent to Rs 527 crore in FY25 from Rs 357 crore in FY24. The stock has delivered around a 1246 percent return in the last 3 years.
Written By Rohan Pandey
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