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

Written by: Team Angel OneUpdated on: 1 Sept 2026, 8:07 pm IST

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

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 September 2026.

Top Debt-Free Stocks in India for September 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 Ltd	2214.5	20.41	0.26	1.22	1.28	-19.93	481.05
2	Mrugesh Trading Ltd	5924.81	-25760.05	322.53	3.7	-1.25	18836.21	207.42
3	Aayush Art and Bullion Ltd	1944.95	245.89	32	13.92	17.65	30.32	136.48
4	Hypersoft Technologies Ltd	1762.08	430.83	728.13	9.07	218.85	124.49	117.12
5	Onix Solar Energy Ltd	1456.84	27.73	268.79	31.13	1057.12	1.1	96.1
6	BSE Ltd	1,32,005.63	52.87	19.43	43.92	41.43	50.52	89.83

Note: The above data is as of September 1, 2026.

Elcid Investments Ltd

Elcid Investments Ltd, operating in the Investment Banking & Brokerage sector, boasts a market cap of ₹2,214.5 crore. With a last trade price of ₹1,07,300.00 and zero debt, the company has achieved a 5-year CAGR of 481.05%. Despite a 1-year return of -19.93%, its PE ratio stands at 20.41, and it offers a dividend yield of 0.02%.

Mrugesh Trading Ltd

Mrugesh Trading Ltd, part of the Diversified Financials sector, has a market cap of ₹5,924.81 crore. It trades at ₹109.83, maintaining a debt-free status. The company has recorded a remarkable 5-year CAGR of 207.42%, with a 1-year return of 18,836.21%. Its PE ratio is -25,760.05, and the PB ratio is 322.53.

Aayush Art and Bullion Ltd

In the Precious Metals, Jewellery & Watches sector, Aayush Art and Bullion Ltd has a market cap of ₹1,944.95 crore and trades at ₹1,275.85. The company is debt-free and has achieved a 5-year CAGR of 136.48%. Its 1-year return is 30.32%, with a PE ratio of 245.89 and a PB ratio of 32.

Hypersoft Technologies Ltd

Hypersoft Technologies Ltd, within the IT Services & Consulting sector, has a market cap of ₹1,762.08 crore. With a last trade price of ₹201.7 and no debt, it has a 5-year CAGR of 117.12%. The company has a 1-year return of 124.49%, a PE ratio of 430.83, and a PB ratio of 728.13.

Onix Solar Energy Ltd

Onix Solar Energy Ltd, in the Renewable Energy sector, holds a market cap of ₹1,456.84 crore and trades at ₹331.8. The company is debt-free and has a 5-year CAGR of 96.1%. Its 1-year return is 1.1%, with a PE ratio of 27.73 and a PB ratio of 268.79.

BSE Ltd

BSE Ltd, part of the Stock Exchanges & Ratings sector, has a market cap of ₹1,32,005.63 crore and trades at ₹3,282. It maintains a debt-free status with a 5-year CAGR of 89.83%. The company has a 1-year return of 50.52%, a PE ratio of 52.87, and a PB ratio of 19.43.

Conclusion

These 6 debt-free stocks in India have shown impressive growth, with 5-year CAGR figures ranging from 89.83% to 481.05%. 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: Sep 1, 2026, 2:37 PM 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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