The table below shows the Debt Free Stocks Under 20 based on the Highest Market Capitalization.
| Name | Market Cap (Cr) | Close Price ₹ |
| Blue Cloud Softech Solutions Ltd | 787.49 | 18.05 |
| Shalimar Agencies Ltd | 770.32 | 11.05 |
| Bartronics India Ltd | 477.58 | 15.68 |
| FCS Software Solutions Ltd | 456.45 | 2.67 |
| IL&FS Investment Managers Ltd | 288.6 | 9.19 |
| Gujarat Toolroom Ltd | 239.49 | 1.72 |
| Mangalam Industrial Finance Ltd | 182.71 | 1.9 |
| Regis Industries Ltd | 178.27 | 10.36 |
| StarlinePS Enterprises Ltd | 156.92 | 6.05 |
| Softrak Venture Investment Ltd | 153.72 | 3.41 |
Table of Contents
Top 10 Debt-Free Stocks Under 20
The table below shows the Top 10 Debt Free Stocks Under 20 based on 1 Year Return.
| Name | Close Price ₹ | 1Y Return (%) |
| Hem Holdings and Trading Ltd | 16.16 | 669.52 |
| Bridge Securities Ltd | 10.5 | 356.52 |
| Gujarat Winding Systems Ltd | 8.42 | 253.78 |
| BITS Ltd | 11.31 | 204.85 |
| Shalimar Agencies Ltd | 11.05 | 184.35 |
| Blue Chip India Ltd | 7.56 | 160.69 |
| Tridev Infraestates Ltd | 6.8 | 160.54 |
| Shivamshree Businesses Ltd | 1.91 | 154.67 |
| Welcure Drugs and Pharmaceuticals Ltd | 10.03 | 152.01 |
| Bengal Steel Industries Ltd | 0.05 | 150 |
Debt-Free Stocks Under 20 In India
The table below shows Debt Free Stocks Under 20 In India based on 1 monthly return.
| Name | Close Price ₹ | 1M Return (%) |
| Bisil Plast Ltd | 1.47 | 63.7 |
| Swadeshi Industries and Leasing Ltd | 4.48 | 39.54 |
| Haria Exports Ltd | 8.61 | 38.05 |
| Kashyap Tele-Medicines Ltd | 4.25 | 37.17 |
| Markobenz Ventures Ltd | 8.53 | 36.99 |
| Welcure Drugs and Pharmaceuticals Ltd | 10.03 | 36.86 |
| Hem Holdings and Trading Ltd | 16.16 | 36.64 |
| BAMPSL Securities Ltd | 17.78 | 29.79 |
| Heads UP Ventures Ltd | 11.92 | 26.1 |
| Chambal Breweries and Distilleries Ltd | 4.95 | 23.24 |
Debt-Free Stocks Under 20 NSE
The table below shows Debt-Free Stocks Under 20 NSE based on the highest day Volume.
| Name | Close Price ₹ | Daily Volume |
| Gujarat Toolroom Ltd | 1.72 | 13,450,663 |
| Mangalam Industrial Finance Ltd | 1.9 | 5,820,732 |
| IEL Ltd | 4.7 | 5,318,823 |
| Avance Technologies Ltd | 0.65 | 4,815,702 |
| Indian Infotech and Software Ltd | 1.15 | 4,231,354 |
| FCS Software Solutions Ltd | 2.67 | 3,514,713 |
| SRU Steels Ltd | 6.1 | 3,167,055 |
| NCL Research and Financial Services Ltd | 0.69 | 2,808,001 |
| Shree Securities Ltd | 0.31 | 2,329,694 |
| Toyam Sports Ltd | 1.34 | 2,247,107 |
Top 5 Debt-Free Stocks Under 20
The table below shows the top 5 debt-free stocks under 20 based on the PE ratio.
| Name | Close Price ₹ | PE Ratio |
| Magnanimous Trade & Finance Ltd | 5.64 | 0.02 |
| Antariksh Industries Ltd | 1.34 | 0.05 |
| Sunrise Industrial Traders Ltd | 7.15 | 0.14 |
| Pervasive Commodities Ltd | 12 | 0.16 |
| Bengal Steel Industries Ltd | 0.05 | 0.18 |
| Speedage Commercials Ltd | 9.5 | 0.2 |
| Sheraton Properties and Finance Ltd | 11.52 | 0.21 |
| Nirbhay Colours India Ltd | 0.9 | 0.26 |
| Ridhi Synthetics Ltd | 4.11 | 0.41 |
| Diligent Media Corporation Ltd | 5.04 | 0.43 |
Debt-Free Penny Stocks Under 20 Rs
The below table shows Debt Free Penny Stocks Under 20 Rs based on the 6-month return.
| Name | Close Price ₹ | 6M Return (%) |
| Hem Holdings and Trading Ltd | 16.16 | 669.52 |
| Shivamshree Businesses Ltd | 1.91 | 154.67 |
| Bridge Securities Ltd | 10.5 | 132.82 |
| Shalimar Agencies Ltd | 11.05 | 128.78 |
| Nibe Ordnance and Maritime Ltd | 3.32 | 119.87 |
| BAMPSL Securities Ltd | 17.78 | 95.17 |
| G-Tech Info-Training Ltd | 3.4 | 93.18 |
| Omega AG Seeds Punjab Ltd | 8.07 | 78.54 |
| MFS Intercorp Ltd | 17.15 | 71.5 |
| Swadeshi Industries and Leasing Ltd | 4.48 | 68.42 |
Introduction to Debt-Free Stocks Under 20
Debt-Free Stocks Under 20 – Highest Market Capitalization
Blue Cloud Softech Solutions Ltd
The Market Cap of Blue Cloud Softech Solutions Ltd is ₹787.49 crore. The stock’s 1-month return is -36.41%, while its 1-year return is -29.90%. It is currently 0.00% away from its 52-week high.
Blue Cloud Softech Solutions Ltd operates in the IT services and software development space. The company is engaged in offering enterprise-level technology solutions to businesses, leveraging cloud infrastructure and digital tools. Over time, it has gained traction in emerging IT verticals, especially in web-based enterprise applications and digital process automation.
Despite being at its 52-week high, the stock has delivered negative returns over both the short and long term. This suggests a recent surge, possibly speculative, amid broader underperformance. For long-term value creation, the company needs to focus on financial stability, recurring revenue, and enhancing client base in high-margin technology services.
Shalimar Agencies Ltd
The Market Cap of Shalimar Agencies Ltd is ₹770.32 crore. The stock’s 1-month return is -19.03%, while its 1-year return is 184.35%. It is currently 184.35% away from its 52-week high.
Shalimar Agencies Ltd is a small-cap investment company engaged in finance and trading operations. Its primary business includes investment in securities, capital market operations, and portfolio management. With limited exposure and public information, the company’s recent price momentum appears to be driven by increased investor activity and speculative trades.
Despite delivering impressive annual returns, the decline over the past month reflects market volatility or profit booking. The significant gap from its 52-week high may point to a correction or overvaluation phase. For long-term sustainability, the company will need to enhance transparency and maintain strong governance to attract consistent investor confidence.
Bartronics India Ltd
The Market Cap of Bartronics India Ltd is ₹477.58 crore. The stock’s 1-month return is 5.38%, while its 1-year return is -9.36%. It is currently 20.43% away from its 52-week high.
Bartronics India Ltd is a technology solutions provider specializing in automatic identification and data capture (AIDC), smart cards, and RFID-based systems. The company offers services to governments and enterprises in sectors such as banking, education, and healthcare. It has played a role in projects like biometric-based identification and digital governance initiatives.
While it has shown positive short-term performance, the overall annual return remains negative, hinting at operational or financial challenges. The stock’s distance from its peak also suggests limited momentum. Strengthening order books, execution capability, and strategic partnerships could help the company regain investor trust and grow sustainably.
Top 10 Debt-Free Stocks Under 20 – 1 Year Return
Hem Holdings and Trading Ltd
The Market Cap of Hem Holdings and Trading Ltd is ₹0.39 crore. The stock’s 1-month return is 36.64%, while its 1-year return is 669.52%. It is currently 669.52% away from its 52-week high.
Hem Holdings and Trading Ltd is a micro-cap firm operating in the financial services sector. It is primarily involved in investing and holding equity stakes in companies, often as part of promoter holdings or long-term capital appreciation strategies. Its low market capitalization places it in the ultra-small cap segment with high volatility.
Despite limited liquidity and visibility, the company’s stock has soared over the past year, delivering phenomenal returns. However, such sharp moves are often speculative in nature. Investors should consider financial fundamentals and management disclosures before building positions in such thinly traded counters.
Bridge Securities Ltd
The Market Cap of Bridge Securities Ltd is ₹35.29 crore. The stock’s 1-month return is -5.32%, while its 1-year return is 356.52%. It is currently 466.95% away from its 52-week high.
Bridge Securities Ltd is engaged in investment advisory and capital market services. The company operates in India’s fast-evolving financial landscape, providing services in equity and debt markets, though detailed financial disclosures are limited in public records. Its micro-cap status makes it vulnerable to high volatility.
Despite recent correction, the company’s stellar one-year return highlights growing market interest. The significant gap from its 52-week high, however, suggests speculative overreach. Sustained growth will depend on regulatory compliance, better investor communication, and improved financial reporting practices to foster confidence.
Gujarat Winding Systems Ltd
The Market Cap of Gujarat Winding Systems Ltd is ₹4.09 crore. The stock’s 1-month return is 9.01%, while its 1-year return is 253.78%. It is currently 253.78% away from its 52-week high.
Gujarat Winding Systems Ltd is a small manufacturing company involved in producing winding wires, which are commonly used in electric motors and transformers. Its operations cater to electrical industries, though the company maintains a low public profile and limited data availability.
Its recent strong stock performance suggests heightened investor interest, possibly driven by growth expectations or sectoral tailwinds. However, such gains need to be backed by improvements in revenue, profitability, and scalability to ensure the stock remains an attractive long-term play.
Debt-Free Stocks Under 20 In India – 1 Month Return
Bisil Plast Ltd
The Market Cap of Bisil Plast Ltd is ₹82.13 crore. The stock’s 1-month return is 63.70%, while its 1-year return is 73.67%. It is currently 87.98% away from its 52-week high.
Bisil Plast Ltd is engaged in the manufacturing and distribution of plastic-based products. The company’s product line serves industrial and consumer segments, with applications in storage, transport, and packaging. Rising demand for durable and cost-effective materials has provided opportunities for players like Bisil Plast to grow.
Despite a recent surge in share price, the distance from its 52-week high suggests either earlier price spikes or potential resistance levels. Investors should monitor volume trends, financial disclosures, and earnings momentum to gauge the sustainability of this upward movement.
Swadeshi Industries and Leasing Ltd
The Market Cap of Swadeshi Industries and Leasing Ltd is ₹4.85 crore. The stock’s 1-month return is 39.54%, while its 1-year return is 113.33%. It is currently 113.33% away from its 52-week high.
Swadeshi Industries and Leasing Ltd operates as a non-banking finance company (NBFC) engaged in leasing, investments, and other financial services. Its small size makes it a high-risk micro-cap stock with sharp movements often unrelated to core fundamentals.
While returns have been strong, the stock’s valuation and liquidity remain areas of concern. Investors should look beyond price charts and assess financial health, promoter background, and compliance records before making investment decisions in such counters.
Haria Exports Ltd
The Market Cap of Haria Exports Ltd is ₹9.94 crore. The stock’s 1-month return is 38.05%, while its 1-year return is 89.65%. It is currently 122.48% away from its 52-week high.
Haria Exports Ltd is engaged in the export of textiles and readymade garments. It operates primarily in the fashion and apparel segment, catering to international markets. As global trade stabilizes post-pandemic, small exporters like Haria have seen renewed interest.
However, the current gap from its 52-week high indicates volatility or earlier overvaluation. Investors must assess export order books, forex exposure, and cost management strategies to determine the company’s actual earning potential and resilience in a competitive global market.
Debt-Free Stocks Under 20 NSE – Highest Day Volume
Gujarat Toolroom Ltd
The Market Cap of Gujarat Toolroom Ltd is ₹239.49 crore. The stock’s 1-month return is -25.56%, while its 1-year return is -68.52%. It is currently 14.67% away from its 52-week high.
Gujarat Toolroom Ltd was originally involved in the manufacturing of tooling and precision engineering components. In recent years, the company has undergone a shift, exploring alternative business models, including investments and financial services, as per corporate filings.
Despite its recent shift in business focus, the company has struggled to deliver consistent returns. The steep annual decline and recent correction indicate a lack of investor confidence. Re-aligning its core strategy and maintaining regulatory compliance will be key to rebuilding market trust.
Mangalam Industrial Finance Ltd
The Market Cap of Mangalam Industrial Finance Ltd is ₹182.71 crore. The stock’s 1-month return is -15.74%, while its 1-year return is -53.43%. It is currently 0.53% away from its 52-week high.
Mangalam Industrial Finance Ltd is a non-banking financial company (NBFC) engaged in providing loans and advances, primarily to individuals and small businesses. It operates in the financial services industry with a focus on capital market investments and micro-lending. However, like many small NBFCs, it faces challenges such as high competition, regulatory compliance, and asset quality management.
The stock has seen significant decline over the year, indicating stress in either asset growth or earnings. Its proximity to the 52-week high suggests a recent bounce or market re-rating. Investors should carefully analyze its financial stability, promoter credibility, and provisioning norms before considering exposure to this micro-cap financial entity.
IEL Ltd
The Market Cap of IEL Ltd is ₹61.28 crore. The stock’s 1-month return is -23.74%, while its 1-year return is -36.99%. It is currently 39.78% away from its 52-week high.
IEL Ltd is a small-scale industrial and engineering services company involved in providing a range of contracting and infrastructure-related solutions. The company may also have stakes in energy or allied sectors, depending on recent restructuring or changes in focus. Despite its modest scale, IEL has gained attention from niche investors tracking emerging industrial growth.
Its negative returns over both timeframes suggest underlying operational or financial challenges. Being nearly 40% away from its 52-week high also highlights continued investor caution. For future upside, IEL will need to demonstrate growth in revenues, improved margin profile, and clear project execution pipelines.
Top 5 Debt-Free Stocks Under 20 – PE Ratio
Magnanimous Trade & Finance Ltd
The Market Cap of Magnanimous Trade & Finance Ltd is ₹0.54 crore. The stock’s 1-year return is 46.88%. It is currently 46.88% away from its 52-week high.
Magnanimous Trade & Finance Ltd is a penny stock operating in the financial services sector, mostly engaged in trading of securities and basic lending activities. With a very small market capitalization, it falls under the high-risk speculative investment category, often moving sharply with minimal volumes.
Though the stock has shown impressive yearly returns, the extremely low base and minimal public information make it a highly volatile and risky investment. Investors should exercise caution, considering the potential lack of liquidity, transparency, and business scalability in such micro-cap companies.
Antariksh Industries Ltd
The Market Cap of Antariksh Industries Ltd is ₹0.03 crore. The stock’s 1-year return is 0.00%. It is currently 0.00% away from its 52-week high.
Antariksh Industries Ltd is a nano-cap company with very limited publicly available financial data. The company’s operational focus, revenue sources, and growth strategy are not clearly visible in public disclosures, making it difficult for mainstream investors to assess its intrinsic value.
The stock has shown no movement in the past year, indicating dormancy or lack of trading activity. For retail investors, such stocks are highly speculative, and any investment should be preceded by thorough due diligence and risk assessment.
Sunrise Industrial Traders Ltd
The Market Cap of Sunrise Industrial Traders Ltd is ₹0.36 crore. The stock’s 1-year return is 0.00%. It is currently 0.00% away from its 52-week high.
Sunrise Industrial Traders Ltd is an ultra-microcap firm that operates in the industrial trading space. The company may be involved in the distribution or sale of industrial goods, but it remains mostly under the radar due to negligible trading volumes and limited investor coverage.
With no significant return or movement over the last year, the stock appears inactive in the market. While some investors look at such counters for turnaround potential, a lack of transparency, liquidity, and earnings visibility makes it suitable only for highly risk-tolerant participants.
Debt-Free Penny Stocks Under 20 Rs – 6 Month Return
Hem Holdings and Trading Ltd
The Market Cap of Hem Holdings and Trading Ltd is ₹0.39 crore. The stock’s 1-month return is 36.64%, while its 1-year return is 669.52%. It is currently 669.52% away from its 52-week high.
Hem Holdings and Trading Ltd is a micro-cap firm operating in the financial services sector. It is primarily involved in investing and holding equity stakes in companies, often as part of promoter holdings or long-term capital appreciation strategies. Its low market capitalization places it in the ultra-small cap segment with high volatility.
Despite limited liquidity and visibility, the company’s stock has soared over the past year, delivering phenomenal returns. However, such sharp moves are often speculative in nature. Investors should consider financial fundamentals and management disclosures before building positions in such thinly traded counters.
Bridge Securities Ltd
The Market Cap of Bridge Securities Ltd is ₹35.29 crore. The stock’s 1-month return is -5.32%, while its 1-year return is 356.52%. It is currently 466.95% away from its 52-week high.
Bridge Securities Ltd is engaged in investment advisory and capital market services. The company operates in India’s fast-evolving financial landscape, providing services in equity and debt markets, though detailed financial disclosures are limited in public records. Its micro-cap status makes it vulnerable to high volatility.
Despite recent correction, the company’s stellar one-year return highlights growing market interest. The significant gap from its 52-week high, however, suggests speculative overreach. Sustained growth will depend on regulatory compliance, better investor communication, and improved financial reporting practices to foster confidence.
Shivamshree Businesses Ltd
The Market Cap of Shivamshree Businesses Ltd is ₹8.72 crore. The stock’s 1-month return is 14.47%, while its 1-year return is 154.67%. It is currently 165.28% away from its 52-week high.
Shivamshree Businesses Ltd is a microcap firm involved in diverse business operations including trading, consultancy, and potentially financial services. It has drawn attention recently for its price momentum and high speculative activity on the exchanges.
Despite its strong annual performance, the gap from the 52-week high and its small market size raise concerns about price stability and consistent earnings growth. For any long-term potential, the company will need to define a focused business model, improve disclosures, and build market credibility through performance.
Debt-Free Stocks Under 20 – FAQ
Best Debt-Free Stocks Under 20 Rs #1: Blue Cloud Softech Solutions Ltd
Best Debt-Free Stocks Under 20 Rs #2: Shalimar Agencies Ltd
Best Debt-Free Stocks Under 20 Rs #3: Bartronics India Ltd
Best Debt-Free Stocks Under 20 Rs #4: FCS Software Solutions Ltd
Best Debt-Free Stocks Under 20 Rs #5: IL&FS Investment Managers Ltd
The top Best Debt Free Stocks Under 20 Rs are based on market capitalization.
Based on the one-year return, the Top 10 Debt-Free Stocks under 20 are Hem Holdings and Trading Ltd, Bridge Securities Ltd, Gujarat Winding Systems Ltd, BITS Ltd, and Shalimar Agencies Ltd.
Investing in debt-free stocks under 20 Rs can offer potential opportunities for growth and value. These stocks often have strong financial positions and minimal debt burdens and may be undervalued compared to their higher-priced counterparts. However, thoroughly analyzing individual stocks and market conditions is crucial before making investment decisions.
To invest in debt-free stocks under 20 Rs, research companies with solid financials and minimal debt. Utilize stock screening tools to identify such companies within your price range. Open a brokerage account, conduct a thorough analysis, and consider factors like industry trends and growth potential before making investment decisions.
We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
