Introduction:
Navratna stocks are public sector companies recognised by the government and granted ‘Navratna’ status for their strong financial performance and operational efficiency. These companies enjoy greater autonomy in making independent business decisions.
Below are some Navratna stocks with low debt that demonstrate better financial stability. These companies present lower financial risk, making them noteworthy options to keep an eye on for potential investment opportunities.
Bharat Electronics Ltd:
On December 27, Bharat Electronics Ltd (BSE: BEL) opened at ₹295.55, reached a high of ₹296.10, and a low of ₹291.40, closing at ₹292.30, down by 1.03%. The company’s market capitalisation is ₹2,13,664.84 crore.
Bharat Electronics Ltd has a debt of ₹60.75 crore with a debt-to-equity ratio of 0.00. The company maintains a strong financial position with minimal debt. This indicates a low financial risk for investors.
Bharat Electronics Ltd (BEL) is a leading defence and aerospace electronics manufacturer in India. It plays a key role in enhancing national security with its advanced technologies. BEL serves both domestic and international markets.
Hindustan Aeronautics Ltd:
On December 27, Hindustan Aeronautics Ltd (BSE: HAL) opened at ₹4231.15, reached a high of ₹4293.40, and a low of ₹4203.20, closing at ₹4237.45, up by 0.21%. The company’s market capitalisation is ₹2,83,390.06 crore.
Hindustan Aeronautics Ltd carries a debt of ₹0.37 crore with a debt-to-equity ratio of 0.00. The company has negligible debt, reflecting a robust financial structure. This makes it a low-risk option for investors.
Hindustan Aeronautics Ltd (HAL) designs and manufactures aircraft and helicopters for India’s defence sector. The company contributes significantly to the country’s aviation capabilities. HAL supports both the Indian Air Force and global markets.
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Container Corporation of India Ltd:
On December 27, Container Corporation of India Ltd (BSE: CONCOR) opened at ₹776.45, reached a high of ₹787.85, and a low of ₹776.45, closing at ₹785.00, up by 1.11%. The company’s market capitalisation is ₹47,829.61 crore.
Container Corporation of India Ltd has a debt of ₹914.97 crore and a debt-to-equity ratio of 0.08. The company’s debt level is manageable with a low debt-to-equity ratio. This indicates a stable financial standing for the company.
Container Corporation of India Ltd (CONCOR) is a logistics company specialising in containerised cargo transportation. A subsidiary of Indian Railways, CONCOR handles extensive domestic and international logistics. The company is vital for efficient supply chain management.
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.