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Debt free PSU stocks with debt to equity of between 0-0.1 gave 3-year return up to 1,223%
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
Debt-free stocks are important from the retail investors point to view as these are financially stable and do not face the risk of interest obligations month-on-month. Also, these companies with debt to equity ratio at zero signal a strong and cash-generative business model. Likewise, here are 10 such debt free companies from the PSU space.
The stocks here are putting forth have a debt to equity ratio of 0-0.1.
1/10
Bharat Electronics
1/10This debt free company in the last 3 years has yielded a return of 382 per cent.
2/10
Engineers India
2/10This stock again has yielded a return of a significant 277 per cent in the last 3 years.
3/10
RITES
3/10RITES stock in the last 3 years has zoomed 146 per cent.
4/10
Container Corporation of India
4/10This PSU logistics stock has given an yield of 27 per cent.
5/10
Nalco
5/10The debt free stock has given a return of 104 per cent.
6/10
Garden Reach Shipbuilders
6/10This shipbuilding company's scrip has given a 3-year return of as much as 1,223 per cent.
7/10
BEML
7/10This stock with a debt to equity ratio has given a return of 226 per cent.
8/10
MMTC
8/10MMTC has given a stock return of 80 per cent in the last 3 years.The company has a debt to equity ratio of 0.1.
9/10
NMDC
9/10This stock in the last 3 years has zoomed 75 per cent.
10/10
Coal India
10/10Coal India in the last 3 years has zoomed as much as 105 per cent.
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