The Tata Group is synonymous with trust in India. It is one of the oldest business groups in the country which has a presence in various industries like power, automobile, metals, consumer products and so on. In fact, many of these companies have been great investment options for many years.
Here are a few Tata Group stocks with a low debt:
Tejas Networks
Tejas Networks is a global R&D-driven telecom equipment company that designs, develops and manufactures high-performance optical and data networking products that are used by telecom service providers, utilities, government and defence networks.
The company has a debt of 279 crores and a low debt-to-equity ratio of 0.02. It is a small-cap company with a market capitalization of ₹ 13,907 crores and its shares closed at ₹ 856.50 apiece on Friday. In the past year, the company’s share price increased by 81.15 percent.
Tata Metaliks
Tata Metaliks, a subsidiary of Tata Steel, is one of India’s leading producers of high-quality Pig Iron (PI) and Ductile Iron Pipes (DIP). Its products find use in the water infrastructure industry and are partly cast into PI for use in foundries.
The company has a debt of 212 crores and a low debt-to-equity ratio of 0.09. It is a small-cap company with a market capitalization of ₹ 2,603 crores and its shares closed at ₹ 841.50 apiece on Friday. In the past year, the company’s share price grew by 19.93 percent.
Benares Hotels
Benares Hotels, a subsidiary of The Indian Hotels Company, operates its hotels like Taj Ganges and Taj Nadesar Palace in Varanasi and The Gateway Hotel, Gondia in Maharashtra.
The company has a debt of ₹ 9 crores and a low debt-to-equity ratio of 0.04. It is a small-cap company with a market capitalization of ₹ 648 crores and its shares closed at ₹ 5200.00 apiece on Friday. In the past year, the company’s share price gained 164.64 percent to deliver multibagger returns.
Written by Simran Bafna
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