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

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 October 2026. 

Top Debt-Free Stocks in India for October 2026 

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

Elcid Investments Limited 

Elcid Investments Limited, operating in the Equity sector, boasts a market cap of ₹2,053.3 crore. With a previous close price of ₹1,02,665.00 and zero debt, the company has achieved a 5-year CAGR of 470.42%. Despite a 1-year return of -19.48%, its PE ratio stands at 18.92, and it offers a dividend yield of 0.02%. 

Mrugesh Trading Limited 

Mrugesh Trading Limited, part of the Diversified Financials sector, has a market cap of ₹5,700.13 crore. It’s a previous close price at ₹78.9, maintaining a debt-free status. The company has recorded a remarkable 5-year CAGR of 187.74%, with a 1-year return of 6,112.6%. Its PE ratio is -24,783.18, and the PB ratio is 310.3. 

Aayush Art and Bullion Limited 

In the Precious Metals, Jewellery & Watches sector, Aayush Art and Bullion Limited has a market cap of ₹1,995.18 crore and a previous close price at ₹1,303. The company is debt-free and has achieved a 5-year CAGR of 121.03%. Its 1-year return is 31.74%, with a PE ratio of 252.23 and a PB ratio of 32.83. 

Hypersoft Technologies Limited 

Hypersoft Technologies Limited, within the IT Services & Consulting sector, has a market cap of ₹1,676.37 crore. With a last previous close price of ₹198.5 and no debt, it has a 5-year CAGR of 116.43%. The company has a 1-year return of 163.33%, a PE ratio of 409.87, and a PB ratio of 7.66. 

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One Global Service Provider Limited 

One Global Service Provider Limited, in the Hospitals & Diagnostic Centres sector, holds a market cap of ₹1,162.91 crore and a previous close price at ₹534.15. The company is virtually debt-free and has a 5-year CAGR of 93.58%. Its 1-year return is 90.5%, with a PE ratio of 16.73 and a PB ratio of 8.23. 

BSE Limited 

BSE Limited, part of the Stock Exchanges & Ratings sector, has a market cap of ₹1,30,335.70 crore and a previous close price at ₹3,200. It maintains a debt-free status with a 5-year CAGR of 87.54%. The company has a 1-year return of 52.57%, a PE ratio of 52.2, and a PB ratio of 19.18. 

Conclusion 

These 6 debt-free stocks in India have shown impressive growth, with 5-year CAGR figures ranging from 87.54% to 470.42%. 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.