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Maharatna stocks with low debt to keep a watch on

Maharatna stocks are top Indian public sector companies known for their strong performance. Here are some Maharatna stocks with low debt, ensuring financial stability and reduced risk.
Maharatna Stocks with Low Debt – Reliable Options for Long-Term Investments!
Maharatna Stocks with Low Debt – Reliable Options for Long-Term Investments!

Introduction:

Maharatna stocks are elite public sector enterprises recognised for their robust financials, strategic importance, and operational excellence. They enjoy greater autonomy in decision-making and investment capacities.

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Below are some Maharatna stocks with low debt that offer better financial health. These companies carry less financial risk, making them stable and reliable investment options.

Gail (India) Ltd: 

On December 24, GAIL (India) Ltd. (BSE: GAIL) opened at ₹193.95, reached a high of ₹201.35 and a low of ₹193.80, closing at ₹198.05, up by 2.11%. The company’s market capitalisation is ₹1,30,219.85 crore.

GAIL (India) Ltd. has a debt of ₹1,36,080.81 crore and a debt-to-equity ratio of 0.23. With a low ratio, the company demonstrates strong financial health and lower reliance on debt for its operations.

GAIL (India) Ltd is a leading public sector company in the natural gas sector, involved in the processing, transmission, and distribution of natural gas. It operates an extensive pipeline network across India. The company plays a vital role in meeting the energy needs of the country.

Also Read: Oil stock jumps 3.5% after it partners with Nyara energy for automotive lubricant

Steel Authority of India Ltd: 

On December 24, Steel Authority of India Ltd. (BSE: SAIL) opened at ₹120.95, reached a high of ₹121.10 and a low of ₹118.15, closing at ₹119.00, down by 1.77%. The company’s market capitalisation is ₹49,148.10 crore.

Steel Authority of India Ltd. has a debt of ₹41,265.03 crore and a debt-to-equity ratio of 0.72. While it carries significant debt, the ratio indicates a manageable level, suggesting stable financial leverage.

Steel Authority of India Ltd (SAIL) is one of the largest steel manufacturers in India, producing a wide range of steel products for various industries. With several plants across the country, it is a key player in infrastructure and industrial growth. SAIL contributes significantly to India’s economic development.

Also Read: Pharma stock jumps 4% after signing agreement with leading pharma company for European market

Oil India Ltd: 

On December 24, Oil India Ltd (BSE: OIL) opened at ₹424.65, reached a high of ₹428.55 and a low of ₹418.75, closing at ₹425.65, up by 1.19%. The company’s market capitalisation is ₹69,236.56 crore.

Oil India Ltd. has a debt of ₹27,821.18 crore and a debt-to-equity ratio of 0.53. The company maintains a moderate level of debt, suggesting that it effectively balances borrowing with equity. This approach provides financial stability while minimizing debt-related risks.

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Oil India Ltd is a major public sector company involved in the exploration, production, and distribution of crude oil and natural gas. The company operates across India and in several international locations. It plays a key role in ensuring India’s energy security and self-sufficiency.


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.

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