A company that has no debt or outside borrowing is said to be debt-free. A business that has no outstanding debts and is entirely self-sufficient is said to be debt-free.
Here are three debt-free large-caps stocks.
CG Power & Industrial Solution Ltd.
CG Power & Industrial Solution Ltd. is a Large-cap company with a Market capitalization of Rs 57,480 crores. On Wednesday, the company shares were trading at Rs 384.835 a share, declining 1.13 percent from the previous close price of Rs 388.35 shares.
The company has a debt-to-equity ratio of zero. CG Power & Industrial Solution Ltd’s financial indicators show a return on capital employed at 65.51 percent and a return on equity at 57.55 percent. Similarly, the net profit margin is 11.3 percent.
CG Power & Industrial Solution Ltd. reported an 18 percent increase in sales from Rs 1,696.27 crore in Q2FY23 to Rs 2,001.51 crore in Q2FY24. During the same period, net profit increased by 35 percent from Rs 179.39 crore to Rs 243.66 crore.
CG Power & Industrial Solution Ltd. stock gave a 24.51 percent return in six months and 54.91 percent in one year.
CG Power & Industrial Solutions is a multinational company that offers utilities, businesses, and consumers comprehensive solutions for the efficient and sustainable management and utilization of electrical energy.
Bharat Electronics Ltd.
Bharat Electronics Ltd. is a Large-cap company with a Market capitalization of Rs 1,00,582 crores. On Wednesday, the company shares were trading at Rs 140 a share, up 2.14 percent from the previous close price of Rs 137.95 shares.
The company has a debt-to-equity ratio of zero. Bharat Electronics Ltd.’s financial indicators show a return on capital employed at 30.15 percent and a return on equity at 22.49 percent. Similarly, the net profit margin is 16.58 percent.
Bharat Electronics Ltd. reported a 1.1 percent increase in sales from Rs 3,961.59 crore in Q2FY23 to Rs 4,009.06 crore in Q2FY24. During the same period, net profit increased by 27 percent from Rs 614.83 crore to Rs 780.73 crore.
Bharat Electronics Ltd. stock gave a 28.38 percent return in six months and 29.70 percent in one year.
Bharat Electronics Ltd produces and provides defense industry clients with electronic systems and equipment.
Supreme Industries Ltd.
Supreme Industries Ltd. is a Large-cap company with a Market capitalization of Rs 55,962 crores. On Wednesday, the company shares were trading at Rs 4,404 a share, up 1.47 percent from the previous close price of Rs 4,341.20 shares.
The company has a debt-to-equity ratio of zero. Supreme Industries Ltd’s financial indicators show a return on capital employed at 27.15 percent and a return on equity at 22.49 percent. Similarly, the net profit margin is 20.99 percent.
Supreme Industries Ltd. reported a 10.64 percent increase in sales from Rs 2,086.6 crore in Q2FY23 to Rs 2,308.69 crore in Q2FY24. During the same period, net profit increased by 245 percent from Rs 63.46 crore to Rs 219.16 crore.
Supreme Industries Ltd. stock gave a 55.63 percent return in six months and 80.56 percent in one year.
Supreme Industries Ltd is one of the leading plastic products manufacturing company, operating in various product categories viz. Plastic Piping System, Cross Laminated Films & Products etc
Written By:- Abhishek Singh.
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