Debt-free companies are considered self-reliant as they do not have any outstanding financial obligations which need to be repaid over time. Generally, financial liabilities attract a certain type of charges, or interest that is an additional cost for the company. Hence, debt-free companies are generally considered to be low-risk investments.
Here is a list of multibagger debt-free stocks.
Global Education Limited
A year ago the stock was trading at Rs 48 levels. Since then it has spiked and given a multibagger return of approximately 306.64%.
On Friday, the stock slipped by 1.93% during the day and closed at Rs 196. However, the stock has been rallying for quite some time now. In the last five days, the stock has gone up by approximately 5%. So far this year, the stock has scaled by more than 176% YTD.
Global Education Limited is an educational service provider and a consultancy firm offering business management consultancy services. It is a small cap company with a market capitalization of Rs 194 Crores.
The company has zero debt and a high promoter holding of 74.95%. In FY22, the company earned a revenue of Rs 41 crores and a net profit of Rs 10 Crores.
Deep Polymers Limited
A year ago the stock was trading at Rs 72. Since then it has spiked and given a multibagger return of approximately 161.41%.
On Friday, the stock increased by 9.75% during the day and closed at Rs 188.50. In fact, the stock has been rallying for quite some time now. In the last five days, the stock has gone up by approximately 13%. So far this year, the stock has been volatile and declined by 56.92% YTD.
Deep Polymer Ltd is engaged in the manufacturing of Antifab Filler Master Batches since 2004. It has witnessed phenomenal growth since its inception and currently has a production level of filler Masterbatches 25000 MT / Annum. The small-cap company has a market capitalization of Rs 434 Crores.
The company has zero debt and a high promoter holding of 62.77%. In FY22, the company earned a revenue of Rs 137 crores and a net profit of Rs 11 Crores.
TAAL Enterprises Limited
A year ago the stock was trading at Rs 696 levels. Since then it has spiked and given a multibagger return of approximately 126%.
On Friday, the stock gained 3.90% during the day and closed at Rs 1,577. The stock has been rallying for quite some time now. In the last five days, the stock has gone up by approximately 4%. However, so far this year, the stock has shed more than 24% YTD.
TAAL Tech is a niche Engineering and Technology Solutions provider serving global corporations. It has had a presence in the aviation industry for more than 15 years. The small-cap company has a market capitalization of Rs 491 Crores.
The company has zero debt and a high promoter holding of 51%. In FY22, the company earned a revenue of Rs 129 crores and a net profit of Rs 31 Crores.
Speciality Restaurants Limited
A year ago the stock was trading at Rs 72 levels. Since then it has spiked and given a multibagger return of approximately 108.19%.
On Friday, the stock didn’t show much momentum and gained only 0.6% during the day and closed at Rs 150. The stock has been rallying for quite some time now. In the last five days, the stock has added more than 8%. So far this year, the stock has spiked by more than 62% YTD.
Speciality Restaurants Limited is an Indian restaurant company that owns multiple chains of fine and casual dining restaurants in India, Bangladesh, and Tanzania. It also owns and operates confectionery stores. The market cap of the company is Rs 696 Crores.
The company has zero debt and a high promoter holding of 52.53%. In FY22, the company earned a revenue of Rs 252 crores and a net profit of Rs 14 Crores.
Tamboli Capital Limited
A year ago the stock was trading at Rs 56 levels. Since then it has spiked and given a multibagger return of approximately 103.70%.
On Friday, the stock didn’t show much momentum and gained only 1.45% during the day and closed at Rs 115.50. The stock has been rallying for quite some time now. In the last five days, the stock has added more than 3%. So far this year, the stock has spiked by more than 29% YTD.
Tamboli Capital Limited (TCAP) is a technology leader in the manufacturing of high precision fully machined investment castings used as components in segments like Automation, Pneumatics, Powergen, Pumps & Valves, Aerospace, and Automotives. The market cap of the company is Rs 114Crores.
The company has zero debt and a promoter holding of 52.33%. In FY22, the company earned a revenue of Rs 80 crores and a net profit of Rs 13 Crores.
Written by – Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
