PSU stocks under ₹ 200 that are debt free to add to your watchlist 

Stocks pertaining to Government-owned entities create a psychological impact pertaining to the company’s performance. Having a ‘zero’ debt enhances the chances of performing and paves the way to achieve the numbers. 

Listed below are three stocks of Public Sector Undertakings (PSUs) below Rs 200 that are debt-free: 

NBCC (India) Limited 

With a market capitalization of Rs 10,726.20 crores, the stocks of NBCC (India) Limited, engaged in the regional as well as urban development sector, closed at Rs 59.59 in Friday’s trading session gaining around 1.05 percent as compared to the previous closing levels of Rs 58.97 apiece. 

Seeing the annual numbers reported, the company has successfully been able to increase its operating revenues as well as the net profits with the former increasing from Rs 7,690 crores during FY1-22 to Rs 8,754 crores during FY22-23, and, the latter moving up from Rs 237 crores to Rs 277 crores. 

The President of India, the sole Promoter of the company, holds a 61.75 percent stake as per the details of the most recent financial quarter, i.e., for the quarter ended June 2023. 

The company reported a debt-to-equity ratio, one of the most popular leverage metrics, of ‘nil’ and has stayed at the same levels for the past few financial years. 

Hindustan Copper Limited 

With a market capitalization of Rs 16,149.30 crores, the stocks of Hindustan Copper Limited, engaged in the exploration, exploitation, and mining business, closed at Rs 167 in Friday’s trading session gaining around 2.64 percent as compared to the previous closing levels of Rs 162.70 apiece. 

Seeing the annual numbers reported, the company has seen a decline in the recent period as far as the operating revenues and net profits are concerned. The operating revenues went down from Rs 1,821 crores during FY1-22 to Rs 1,677 crores during FY22-23, and, the latter moved down from Rs 374 crores to Rs 295 crores. 

The President of India, the sole Promoter of the company, holds a 66.14 percent stake as per the details of the most recent financial quarter, i.e., for the quarter ended June 2023. 

The company reported a debt-to-equity ratio, one of the most popular leverage metrics, of close to ‘nil’, i.e., 0.08, and has stayed below the alarming levels for the past few financial years.

Written by Amit Madnani

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