Debt-free Aerospace & Defense stocks in India
Listed Aerospace & Defense companies with a debt-to-equity ratio of zero in their latest balance sheet and a market cap above ₹500 crore.
Data as of the close
| # | Company | Market cap | Price | P/E | ROE % |
|---|---|---|---|---|---|
| 1 | Hindustan Aeronautics Ltd | ₹3.2L Cr | ₹4,809.8 | 34.5 | 24.0 |
| 2 | Bharat Electronics Ltd | ₹2.9L Cr | ₹400.85 | 45.9 | 27.5 |
| 3 | Bharat Dynamics Ltd | ₹37.8K Cr | ₹1,030 | 72.5 | 10.2 |
| 4 | Data Patterns (India) Ltd | ₹23.9K Cr | ₹4,268 | 88.4 | 15.2 |
| 5 | DCX Systems | ₹1.8K Cr | ₹162.51 | 0.0 | -0.5 |
| 6 | Taneja Aerospace Aviation Ltd | ₹778 Cr | ₹305.2 | 35.1 | 11.4 |
How this list is made: Debt-to-equity of 0 in the latest annual balance sheet; market cap above ₹500 crore. Banks, NBFCs and insurers are excluded because their borrowings are their business.
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Frequently asked questions
Which Aerospace & Defense companies are debt-free?
These are the listed companies whose latest balance sheet shows a debt-to-equity ratio of zero, largest first.
Why are banks not on the list?
Borrowing is a bank's raw material, so debt-to-equity says nothing about their safety. They are excluded.
Is a debt-free company always a good investment?
No. Zero debt lowers financial risk but says nothing about growth or valuation; check results and concall commentary too.
Disclaimer: Lists are built from exchange closing prices and reported financials, for information only. They are not investment advice or a recommendation to buy or sell any security.