For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Top 4 High-Value Large Cap Companies With Almost No Debt

|

Debt is not a big deal for the owners of large-cap companies in some cases; however, in some cases, it is one of the worst liabilities of the company. High debt numbers can be a big alert for companies, and for some specific business benefits, most large-cap companies are mostly in debt.

 
Top 4 High-Value Large Cap Companies With Almost No Debt

However, most investors don't like debt in many ways, and huge debt is considered a negative sign by most experts. So, here are 5 high-value companies that are debt free for investors who don't like to invest in debt companies.

Indian Railway Catering and Tourism Corporation (IRCTC) Ltd.

Indian Railway Catering and Tourism Corporation (IRCTC) Ltd.

IRCTC is a Mini Ratna (Category-I) Central Public Sector Enterprise that falls under the Ministry of Railways of the Government of India. IRCTC was established on September 27th, 1999, as an extension of the Indian Railways to improve, professionalise, and manage the hospitality and catering services on trains, at stations, and other locations, as well as to promote domestic and foreign tourism through the creation of low-cost accommodations, marketing, unique tour packages, and advertising campaigns, and international reservation systems.

The stock's current market price is Rs. 706, which is 44.8% down from its 52-week high. The company has recorded no debt in the books as of March 31st 31, 2022 and has a debt-to-equity ratio of 1.87.

Page Industries Ltd.
 

Page Industries Ltd.

Page Industries Limited, a 1995 corporation, holds an exclusive licence from JOCKEY International Inc. to manufacture, distribute, and market products bearing the JOCKEY name in India, Bangladesh, Sri Lanka, Nepal, and the United Arab Emirates. For the production, promotion, and distribution of the Speedo brand in India, Page Industries has been granted an exclusive licence by Speedo International Ltd.

The company has a good image among its shareholders and is one of the leading large-cap companies in India. The company's stock is currently trading at the market price of Rs. 50,666. The company is showing strong financial performance with zero debt as per the annual report "The Company does not have debt. Hence Debt-Equity ratio and Debt service coverage ratios are not applicable.".

ABB India Ltd.

ABB India Ltd.

ABB is a cutting-edge technology leader that closely collaborates with customers in the infrastructure, industry, and utility sectors. India. English. A New Zealand. ABB India Limited is an integrated power equipment manufacturer offering the whole spectrum of engineering, products, solutions, and services in the automation and power technology fields.

The stock price has been surging rapidly to the upside in the past weeks, which is 10.4% down from its 52-week high. Currently, the market price of the stock is Rs. 3,088. The company has significant debt; however, as per the annual report for 2021, the net debt is 2 346.19 Crores.

SBI Life Insurance Company Ltd.

SBI Life Insurance Company Ltd.

The SBI Life Insurance Company Ltd. conducts annuity and life insurance operations. State Bank of India and BNP Paribas Cardiff S.A. formed a joint venture initially. One of the leading public sector banks State Bank of India owns a 55.50% stake in the company.

The stock's price is in strong upside momentum, trading very near its 52-week high with a difference of only 6.71%. The current market price of the stock is Rs. 1,250. As per the annual financial report for 2021-2022, the company has zero debt; therefore, the debt-to-equity ratio is not applicable.

Story first published: Sunday, October 2, 2022, 10:21 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X