Synopsis:
The article highlights debt-free stocks with low market volatility. It covers sectors like specialty chemicals, transformers, tobacco products, and financial services. The focus is on their strong financial performance and zero-debt status.
Debt-free stocks are companies that have no debt on their balance sheets and fund their operations and growth mainly through their own resources and equity. Beta shows how much a stock’s price moves compared to the market. A beta below 1 means the stock is less volatile and tends to have smaller price changes than the overall market.
Here is the list of debt-free stocks with a 1Y beta less than 1:
Elantas Beck India Limited
Elantas Beck India Limited is an Indian manufacturer of specialty chemicals, primarily serving the electrical insulation, electronics, automotive, and construction industries. It offers a wide range of products, including wire enamels, insulating varnishes, casting and potting materials, flexible electrical insulation materials, and electronic protection materials.
With a market capitalization of Rs.7,788 crore, the shares of Elantas Beck India Limited closed at Rs.9,824, up by 0.43 percent from the previous day’s closing price of Rs.9,782.
For Q1FY26, the company reported revenue from operations of Rs.210 crore, rising from Rs.191 crore in Q1 FY25. Net profit also decreased to Rs.39 crore from Rs.42 crore during the same period.
The company has a return on equity of 17.4 percent and a return on capital employed of 23 percent. Its price-to-earnings ratio is 57.23, higher compared to the industry average of 33.70, the stock’s one-year beta is 0.39, and debt to equity ratio is 0.
Shilchar Technologies Limited
Shilchar Technologies Limited specializes in power and distribution transformers, as well as electronics and telecom transformers. It has expanded its product portfolio to include a wide range of transformer solutions catering to various industrial sectors.
With a market capitalization of Rs.4,899 crore, the shares of Shilchar Technologies Limited closed at Rs.4,282, down by -2.61 percent from the previous day’s closing price of Rs. 4,396.60.
For Q2FY26, the company reported revenue from operations of Rs.171 crore, rising from Rs. 131 crore in Q2FY25. Net profit also increased to Rs.46 crore from Rs. 33 crore during the same period.
The company has a return on equity of 52.9 percent and a return on capital employed of 71.3 percent. Its price-to-earnings ratio is 31, lower compared to the industry average of 38.08, the stock’s one-year beta is 0.12, and debt to equity ratio is 0.
VST Industries Limited
VST Industries Limited is engaged in the manufacturing and distribution of cigarettes and tobacco products. It operates manufacturing facilities in Hyderabad and Toopran, focusing on producing cigarettes and unmanufactured tobacco.
With a market capitalization of Rs.4,298 crore, the shares of VST Industries Limited closed at Rs.253, down by -0.22 percent from the previous day’s closing price of Rs.253.60.
For Q1FY26, the company reported revenue from operations of Rs.298 crore, decreased from Rs.321 crore in Q1FY25. Net profit also increased to Rs.56 crore from Rs.54 crore during the same period.
The company has a return on equity of 16.5 percent and a return on capital employed of 20.8 percent. Its price-to-earnings ratio is 20.36, lower compared to the industry average of 31.63, the stock’s one-year beta is 0.29, and debt to equity ratio is 0.
Nalwa Sons Investments Limited
Nalwa Sons Investments Limited is an India-based non-banking financial company engaged in investment and financing activities. It primarily invests in the equity shares of group companies and provides loans to these entities, receiving dividends and interest in return.
With a market capitalization of Rs.4,246 crore, the shares of Nalwa Sons Investments Limited closed at Rs.8,260, up by 0.58 percent from the previous day’s closing price of Rs.8,213.00.
For Q1FY26, the company reported revenue from operations of Rs.37 crore, decreased from Rs.40 crore in Q1FY25. Net profit also decreased to Rs.26 crore from Rs.29 crore during the same period.
The company has a return on equity of 0.32 percent and a return on capital employed of 0.44 percent. Its price-to-earnings ratio is 91.21, higher compared to the industry average of 31.79, the stock’s one-year beta is 0.61, and debt to equity ratio is 0.
Written by: Jhanavi Sivakumar
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