Debt Free Companies in India
- There are many financial factors, terms, and ratios are involved in value investing.
- fundamental analysis is a method preferred by many value investors,
in which evaluating companies’ financial factors are needed.
- Debt is one of the important factors investors actively looking at.
- Debt is something usually a money, companies borrowed from banks and other firms.
- Zero debt means, either company did not borrow any money or has paid all borrowed money already.
- advantage of zero debt companies are they easily survive the market crash.
Here are some top debt free companies in india.
1. Hindustan Unilever (HUL)
2. HDFC life insurance
3. SBI life insurance
4. icici prudential life insurance
5. HDFC AMC
6. Bajaj Holdings & Investment
7. SKF India
8. Maharashtra Scooters
10.Lakshmi Machine Works
Hindustan Unilever (HUL)
HUL is the biggest company in the “Consumer goods” sector.
Its products include foods, beverages, cleaning agents, personal care products, water purifiers, and other fast-moving consumer goods.
HUL was established in 1931 as Hindustan Vanaspati Manufacturing Co,
and after the merger in 1956, it renamed Hindustan Lever Limited, in June 2007 it renamed again as Hindustan Unilever Limited.
HDFC life insurance
HDFC Life Insurance Company Ltd. is a long-term life insurance provider,
offering individual and group insurance services and incorporated since 14 August 2000.
The company is a joint venture between Housing Development Finance Corporation Ltd (HDFC),
one of India’s leading housing finance institutions, and Standard Life Aberdeen, a global investment company.
HDFC Ltd holds 51.69% and Standard Life (Mauritius Holdings) 2006 Ltd holds 34.75% stake in HDFC Life.
SBI Life insurance
SBI Life Insurance is a joint venture life insurance company between State Bank of India (SBI),
the largest state-owned banking and financial services company in India, and BNP Paribas.
BNP Paribas is a French multinational bank and financial services company with global headquarters in Paris.
SBI has a 62.1% stake in the company and BNP Paribas owns a 22% stake.
SBI Life is one of the top insurance companies in india.
icici prudential life insurance
ICICI Prudential is engaged in the life insurance and asset management business.
ICICI Prudential Life Insurance Company Limited is a life insurance company in India.
Established as a joint venture between ICICI Bank and Prudential plc, The firm offers long-term life insurance plans.
the firm became the first insurance company in India to be listed in the domestic stock exchanges.
It is a major housing finance provider in India.
It also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits, and education loans.
Housing Development Finance Corporation Limited (HDFC) is a privately owned Indian development finance institution.
Bajaj Holdings & Investment
Bajaj Holdings & Investment Ltd (BHIL) is an India-based primary investment company and focusing on new business opportunities.
BHIL is essentially an investment company, BHIL mainly focuses on earning income through profit, interest, and dividends.
it mostly profits depend on debt and equity market.
In 2007, Bajaj Auto Ltd. was de-merged into three Companys – Bajaj Auto Ltd, Bajaj Finserv Ltd, and Bajaj Holdings & Investment Ltd. (BHIL).
AB SKF is a Swedish bearing and seal manufacturing company founded in Gothenburg, Sweden, in 1907.
The company manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products,
mechatronics products, power transmission products, condition monitoring systems, and related services globally.
SKF’s Established in India in 1923, when a trading arm of SKF Group was set up in Kolkatta.
Maharashtra Scooters (MSL) was incorporated on June 11, 1975. It holds 3.35% stake in Bajaj Auto in addition to 4.88% stake in Bajaj Auto Finance.
It is a joint sector enterprise promoted by Western Maharashtra Development Corporation (27%) and Bajaj Auto (24%).
Maharashtra scooters Ltd is working on geared scooter segment for a long period of time.
Central Depository Services (India) Ltd (CDSL), is the first listed Indian central securities depository.
Central Depository Services (India) Limited (CDSL) was initially promoted by BSE Ltd.
which thereafter divested its stake to leading banks.
CDSL received the certificate of commencement of business from the Securities and Exchange Board of India (SEBI) in February 1999.
Lakshmi Machine Works
Lakshmi Machine Works Limited is India’s largest textile machinery and CNC Machine Tool, manufacturers.
LMW has 60% market share in the domestic Textile Spinning Machinery Industry.
LMW diversified into CNC Machine Tools and is a brand leader in manufacturing customized products.