Debt-free Construction stocks in India
Listed Construction 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 | NBCC (India) Ltd | ₹21.3K Cr | ₹79 | 31.2 | 20.4 |
| 2 | Engineers India Ltd | ₹17.6K Cr | ₹312.45 | 19.6 | 23.4 |
| 3 | Central Mine Planning & Design Institute Ltd | ₹13.5K Cr | ₹189.2 | 20.1 | 28.4 |
| 4 | RITES Ltd | ₹9.4K Cr | ₹195.52 | 23.2 | 15.4 |
| 5 | Likhitha Infrastructure Ltd | ₹799 Cr | ₹203.73 | 28.6 | 10.2 |
| 6 | Axentra Corp | ₹571 Cr | ₹289.8 | 582.6 | 0.0 |
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 Construction 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.