Debt Free Penny Stocks in India

Debt-free penny stocks are those that have little or no debt and are trading at a low price. Companies with zero debt usually have strong cash flows and thus have considerable flexibility in how they use the cash in their business.

Here's a list of debt free penny stocks in India.

Company	CMP (Rs)	D/E (Curr FY, x)	MCap (Rs m)	P/E (x)	P/BV (x)	Profit CAGR (3 yrs, %)
ABHINAV LEASING	2.1	0.0	103	107.8	1.8	NM
ABIRAMI FINANCIAL	26.7	0.0	144	1.0	0.7	NM
ASHIRWAD CAP	3.9	0.0	234	26.7	1.5	37.6%
ACE EDUTREND	2.6	0.0	23	NM	0.3	NM
SKYLINE MILLARS	11.3	0.0	453	NM	1.8	74.6%
ADCON CAPITAL SERVICES LIMITED	1.5	0.0	504	NM	1.5	95.4%
ADDI IND.	39.4	0.0	425	2.5	0.6	NM
ADJIA TECH	32.0	0.0	28	NM	1.3	NM
ASHARI AGENCIES	2.1	0.0	18	NM	NM	NM
AHMED.STEEL	20.1	0.0	82	NM	0.3	NM
ARMAN HOLDINGS	84.3	0.0	439	2,092.1	7.4	NM
AGARWAL HOLDINGS	0.7	0.0	33	98.5	0.4	16.1%
AJANTA SOYA	27.2	0.0	2,192	98.0	1.7	NM
AKM LACE AND EMBROTEX	67.0	0.0	202	NM	2.8	NM
ALEMBIC	84.0	0.0	21,559	24.9	1.0	NM
ACE MEN ENG	59.3	0.0	184	NM	4.9	NM
AMRAPALI FINCAP	12.1	0.0	163	NM	0.1	0.2%
AMALGAMATED ELECTRICITY	36.0	0.0	100	NM	NM	NM
APM FINVEST	43.7	0.1	6,605	63.4	4.0	58.5%
UNITED CRED.	15.5	0.0	83	9.9	0.3	NM
BLS INFOTECH	1.7	0.0	735	9,191.6	1.8	NM
APPLE FINANCE	5.5	0.0	306	4.4	0.4	390.7%
CNI RESEARCH	2.0	0.0	232	NM	2.1	NM
ARMAN HOLDINGS	84.3	0.0	439	2,092.1	7.4	NM
REAL TOUCH FINANCE	27.0	0.0	343	10.9	0.9	9.2%

* We show NM where the values are negative

Disclaimer: This is for information purposes only. These are not stock recommendations and should not be treated as such. Learn more about our recommendation services here... Also note that these screeners are based only on numbers. There is no screening for management quality.