List of Zero Debt Companies of Nifty 50

The low-interest-rate regime is coming to an end, with the Reserve Bank of India demonstrating its determination to contain inflation and de-prioritize growth in the short term. While this is bad news for companies with a lot of debt, those with little or no debt are in a better position to move forward - without the burden and risk of too much debt.
However, with analysts predicting slowflation or even stagflation, the days of rapid growth are over for the time being. This means that businesses will have to be content with low growth and rising costs, and high interest rates will exacerbate the situation.
Zero debt companies remain a lucrative investment option in such a scenario. The following are the seven zero-debt companies in the Nifty 50 index:

Tata Consultancy Services Limited

TCS, the Indian IT behemoth, is the world's largest publicly-traded company with no debt.

Infosys
With a market cap of over 6 lakh crore, Infosys, another IT behemoth, closely follows TCS. Its revenue in FY22 was more than $16 billion, with a net profit of nearly $3 billion.

Hindustan Unilever

India's largest FMCG company has a market capitalization of over 5 lakh crore. Thanks to its 44 brands across 14 categories, it generated nearly $6.5 billion in revenue and $2.4 billion in profit in FY22.

ITC

The tobacco-to-paper conglomerate now has a market capitalization of more than 3 lakh crore.

Maruti Suzuki
Maruti Suzuki, India's largest car manufacturer, has weathered the post-pandemic storm and is now in a comfortable position thanks to zero debt on its books.

The Divi Laboratories
Divi's Laboratories, with a market cap of slightly more than 96,000 crores, is the only debt-free pharma company on the list.