Best Debt-Free Stocks in India for November 2026 Based on 5-Year CAGR

Written by: Team Angel OneUpdated on: 30 Oct 2026, 5:16 pm IST

Discover 6 debt-free Indian stocks with impressive 5-year CAGR, including Elcid Investments, Mrugesh Trading, and BSE Limited.

In the Indian stock market, several companies have demonstrated robust growth while maintaining a debt-free status. Here, we explore 6 such companies, highlighting their 5-year compound annual growth rate (CAGR) as of November 2026.

Top Debt-Free Stocks in India for November 2026

S.No	Name	Market Cap (in Rs. Crore)	PE Ratio	PB Ratio	Return on Equity	ROCE	1 Year Return (%)	5 Year CAGR (%)
1	Elcid Investments Limited	1,999.9	18.43	0.23	1.22	1.28	-21.73	467.42
2	Mrugesh Trading Limited	5,484.12	-23,843.99	298.54	3.7	-1.25	4,070.88	185.53
3	Aayush Art and Bullion Limited	2,024.5	255.94	33.31	13.92	17.65	31.82	118.58
4	BSE Limited	1,42,841.00	57.21	21.02	43.92	41.43	43.1	88.51
5	Hypersoft Technologies Limited	1,467.35	358.76	6.71	3.7	2.44	140.75	82.55
6	One Global Service Provider Limited	1,162.91	16.73	8.23	65.27	65.7	20.71	77.01

Note: The above data is as of October 29, 2026.

Elcid Investments Limited

Elcid Investments Limited, operating in the Investment Banking & Brokerage sector, boasts a market cap of ₹1,999.9 crore. With a previous close price of ₹99,995.00 and zero debt (or virtually debt-free), the company has achieved a 5-year CAGR of 467.42%.

Its 1-year return stands at -21.73%, its PE ratio stands at 18.43, and its PB ratio is 0.23, and it offers a dividend yield of 0.03%.

Mrugesh Trading Limited

Mrugesh Trading Limited, operating in the Diversified Financials sector, boasts a market cap of ₹5,484.12 crore. With a previous close price of ₹75.91 and zero debt (or virtually debt-free), the company has achieved a 5-year CAGR of 185.53%.

Its 1-year return stands at 4,070.88%, its PE ratio stands at -23,843.99, and its PB ratio is 298.54.

Aayush Art and Bullion Limited

Aayush Art and Bullion Limited, operating in the Precious Metals, Jewellery & Watches sector, boasts a market cap of ₹2,024.5 crore. With a previous close price of ₹1,322.15 and zero debt (or virtually debt-free), the company has achieved a 5-year CAGR of 118.58%.

Its 1-year return stands at 31.82%, its PE ratio stands at 255.94, and its PB ratio is 33.31.

BSE Limited

BSE Limited, operating in the Stock Exchanges & Ratings sector, boasts a market cap of ₹1,42,841.00 crore. With a previous close price of ₹3,502.00 and zero debt (or virtually debt-free), the company has achieved a 5-year CAGR of 88.51%.

Its 1-year return stands at 43.1%, its PE ratio stands at 57.21, and its PB ratio is 21.02, and it offers a dividend yield of 0.29%.

Hypersoft Technologies Limited

Hypersoft Technologies Limited, operating in the IT Services & Consulting sector, boasts a market cap of ₹1,467.35 crore. With a previous close price of ₹173.75 and zero debt (or virtually debt-free), the company has achieved a 5-year CAGR of 82.55%.

Its 1-year return stands at 140.75%, its PE ratio stands at 358.76, and its PB ratio is 6.71.

One Global Service Provider Limited

One Global Service Provider Limited, operating in the Health Care Equipment & Supplies sector, boasts a market cap of ₹1,162.91 crore.

With a previous close price of ₹434.50 and zero debt (or virtually debt-free), the company has achieved a 5-year CAGR of 77.01%. Its 1-year return stands at 20.71%, its PE ratio stands at 16.73, and its PB ratio is 8.23.

Conclusion

These 6 debt-free stocks in India have shown impressive growth, with 5-year CAGR figures ranging from 77.01% to 467.42%. Despite varying 1-year returns, these companies maintain strong market caps and trade prices.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Published on: Oct 30, 2026, 11:46 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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