Which Company Is Debt Free In India?

Which are the debt free companies in India?

Top Debt Free Companies in India 2020Hindustan Unilever.HDFC Life Insurance.SBI Life Insurance.ICICI Prudential Life Insurance.HDFC AMC.Bajaj Holdings & Investment Limited (BHIL)SKF India.Maharashtra Scooters.More items…•.

Is Maruti debt free company?

Despite its noteworthy liabilities, Maruti Suzuki India boasts net cash, so it’s fair to say it does not have a heavy debt load! In fact Maruti Suzuki India’s saving grace is its low debt levels, because its EBIT has tanked 47% in the last twelve months.

Is ITC undervalued?

ITC seems to be very undervalued and available at around 23 PE(242.5 – CMP). Has 3 strong businesses with cigarettes, FMCG and hotels. It is not a pureplay FMCG but is still very cheap compared to other peers like HUL(around 60 PE), P and G (around 80 PE) and Britannia(around 50PE).

Is TCS debt free?

An executive told BT that the group is significantly comfortable with aggregate net debt of Rs 1.65 lakh crore (which includes all significant businesses in the group for which separate data is not available). The aggregate net debt is lower because of surplus cash on books of TCS, Titan and Voltas.

Which company has highest debt?

AT&T is no longer just a phone company. After the purchase in 2015 of Direct TV and the acquisition of Time Warner in 2018, the telecommunications giant was left with a net debt in the neighborhood of $180 billion and the not-so-coveted title of most indebted company in the world.

Is Amway debt free?

I’ve seen it claimed in numerous places over the years, including in Amway approved BSM, that Amway is “a 100% debt free company“. In fact, Amway is not 100% debt free (no company of our size is) but we are proud to be so financially stable! …

What is virtually debt free?

Company has cash reserves in excess of the loans it has taken. Companies take loan for saving tax or for maintaining some working capital cash flow obligations. Such comes are called virtually debt free because they can offset their cash reserves with outstanding loan at any point of time.

Does ITC have debt?

About Total Debt Based on the latest financial disclosure, ITC LTD has a Total Debt of 2.75 B. This is 49.35% lower than that of the Consumer Defensive sector and 85.65% lower than that of the Tobacco industry. The total debt for all India stocks is 48.28% higher than that of the company.

Who is the fastest growing company in India?

SynopsisRankBrand NameFounding Year1One 97 / Paytm20102GoBOLT20153Saankhya Labs20064Razorpay20139 more rows•Feb 1, 2020

Which are the best shares to buy now?

HOT STOCKS – BEST STOCKS TO BUY TODAYComapny nameCREATE DATE/TIMETARGET PRICEUPL1/16/2020 12:47 PMTarget 596-600Sun Pharma.Inds.1/16/2020 12:47 PMTarget 460-462Kotak Mah. Bank1/16/2020 12:47 PMTarget 1706-1710

Is Hul a debt free company?

Apart from robust fundamentals, enviable business model and debt-free balance sheet, HUL’s extensive distribution network, strong brand equity and vast product mix, with a large share of essential products, provide comfort.

Should I buy HUL shares?

Another research and brokerage firm Edelweiss has recommended to ‘buy’ the stock with a target price of Rs 2,550, an upside of nearly 14 per cent. “We expect HUL to be key beneficiary of the rural demand recovery. … The brokerage firm recommended to ‘hold’ the stock with a price target of Rs 2,300.

Is Facebook Debt Free?

The good news for investors is that Facebook has no debt. It has been operating its business with zero debt and utilising only its equity capital. Investors’ risk associated with debt is virtually non-existent with FB, and the company has plenty of headroom and ability to raise debt should it need to in the future.

Which is the safest share to buy?

Seven safe stocks to considerBerkshire Hathaway. … The Walt Disney Company. … Vanguard High-Dividend Yield ETF. … Procter & Gamble. … Vanguard Real Estate Index Fund. … Starbucks. … Apple.

Is Infosys debt free?

Infosys is a debt-free company. It doesn’t have any outstanding debt or fixed deposits. The company presently generates sufficient cash internally to finance all its operational, financing and investment requirements.

How much is Apple in debt?

Based on Apple’s balance sheet as of May 1, 2020, long-term debt is at $89.09 billion and current debt is at $20.42 billion, amounting to $109.51 billion in total debt. Adjusted for $40.17 billion in cash-equivalents, the company’s net debt is at $69.33 billion.

Is ITC a good long term investment?

ITC has been consistently growing year after year since 2000 till year 2019. Its Market Value was just 18 thousand crore in year 2000. Last year 2019, ITC was worth 3.63 lac crore ! The above chart shows its consistent growth for past 19 years.

Is Zero Debt good for a company?

On the other hand, companies with low or zero debt are in a much better shape in such a scenario. As the cash outflow through interest payment is not much, these firms are able to keep their costs to a minimum. They also have little exposure to interest rate risk as they are insulated from any rise in borrowing costs.

Is ITC a zero debt company?

While zero debt on a company validates its financial health, on the other hand, a heavy debt on the company can be taken as a sign to stay away from it. Huge debt restricts a company from expanding and decreases profits. … Few of the debt free companies in India are Maruti Suzuki, ITC, Hero motocorp, Titan company etc.

Which company is debt free?

debt free companiesS.No.NameNP Qtr Rs.Cr.1.Castrol India204.602.Indian Energy Ex46.703.VST Industries88.544.Balaxi Ventures4.2622 more rows