Investors seeking quality mid-cap stocks often prioritize companies with strong balance sheets. Those with virtually zero debt can be particularly attractive. These companies demonstrate financial strength and the potential for sustainable growth. Here is a list of a few such mid-cap companies with zero debt
Procter & Gamble Hygiene and Health Care Ltd
Procter & Gamble Hygiene and Health Care Limited is a company focused on the production and sale of branded packaged fast-moving consumer goods within the femcare and healthcare markets.
- Market capitalization: Rs 46,110 Crs
- ROE: 75.7 percent
- ROCE: 108.26 percent
- Revenue growth CAGR 3 years: 5.57 percent
Bosch Ltd
Bosch Ltd., the flagship Indian company of Robert Bosch, operates across automotive, industrial, consumer goods, and energy and building technology sectors. Headquartered in Bengaluru, the company manufactures and trades in a diverse portfolio, including fuel injection systems, automotive aftermarket products, industrial equipment, power tools, energy and security solutions.
- Market capitalization: Rs 86,889 crs
- ROE: 16.38 percent
- ROCE: 20.89 percent
- Revenue growth CAGR 3 years: 19.85 percent
Nippon Life India Asset Management Ltd
Nippon Life India Asset Management specializes in managing various investment portfolios, including mutual funds, ETFs, and managed accounts, along with providing offshore fund and advisory services. The company is backed by Reliance Capital Limited, an NBFC within the Reliance Group, and co-promoted by Nippon Life Insurance, a major Japanese life insurer.
- Market capitalization: Rs 40,500 crs
- ROE: 30.53 percent
- ROCE: 39 percent
- Revenue growth CAGR 3 years: 15.66 percent
Bharat Dynamics Ltd
Bharat Dynamics Limited (BDL) is a leading defense PSU and a Government of India Enterprise. BDL holds a unique position as the sole Indian manufacturer of SAMs, torpedoes, and ATGMs, and is a key supplier of these and other defense equipment (including underwater weapons) to the Indian Armed Forces.
- Market capitalization: Rs . 56,062 crs
- ROE: 14.83 percent
- ROCE: 10.13 percent
- Revenue growth CAGR 3 years: 7.38 percent
Multi Commodity Exchange of India Ltd
The Multi Commodity Exchange of India Limited (MCX) plays a vital role in India’s commodity market as a national-level, electronic exchange. Launched in November 2003, MCX provides a platform for price discovery and risk management through commodity derivatives trading, operating under the regulatory framework of SEBI.
- Market capitalization: Rs. 31,246 Crs
- ROE: 21.9 percent
- ROCE: 25.83 percent
- Revenue growth CAGR 3 years: 20.51 percent
BSE Ltd
Established in 1875 and located in Mumbai, the Bombay Stock Exchange (BSE Ltd) is Asia’s first and the world’s fastest stock exchange, with a speed of 6 microseconds. BSE, a corporatized and demutualized entity, facilitates trading in a wide range of financial instruments, including equity, debt, and derivatives.
- Market capitalization: Rs. 86,085 Crs
- ROE: 22.31 percent
- ROCE: 29.7 percent
- Revenue growth CAGR 3 years: 36.19 percent
Written by Likesh Babu S
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