Synopsis: Debt-free stocks such as Bhansali Engineering Polymers, Shanthi Gears, VST Industries, and two more, which combine financial stability with high dividend payouts up to 106% over 3 years, offering lower risk and consistent income to investors.
In a volatile market environment, investors increasingly seek companies that offer both financial stability and reliable income. Debt-free businesses with consistent dividend payouts stand out as attractive options, as they indicate strong balance sheets and disciplined capital allocation.
This article highlights five such companies that are Bhansali Engineering Polymers, Shanthi Gears, VST Industries, Quick Heal Technologies, and Maharashtra Scooters, which have combined zero debt with impressive average dividend payouts of up to 106% over the past three years. Together, these stocks showcase how prudent management and healthy cash flows can create long-term value while rewarding shareholders with steady returns.
Bhansali Engineering Polymers is an Indian petrochemical company specialising in engineering thermoplastics such as ABS and SAN resins. These polymers are widely used in the automotive, electronics, and appliance industries. The company is recognised as one of the lowest-cost producers of ABS in India and operates manufacturing facilities in Rajasthan and Madhya Pradesh.
With a market capitalisation of Rs 2,116 cr, the shares of Bhansali Engineering Polymers Ltd closed at Rs 85 per share, down by 2.5% from the previous close of Rs 87.21 per share. The company is debt-free and has delivered an average dividend payout of 106% over the past three years.
Shanthi Gears is a manufacturer of industrial gears and gearboxes. It supplies precision gear products and drive solutions to sectors like steel, cement, sugar, power, mining, and material handling. The company is known for its engineering expertise and high-quality gear units for heavy industrial applications.
With a market capitalisation of Rs. 3,123 cr, the shares of Shanthi Gears Ltd closed at Rs. 407.15 per share, down by 1.8% from the previous close of Rs. 414.6 per share. The company is debt-free and has delivered an average dividend payout of 47.9% over the past three years.
VST Industries is primarily engaged in the manufacture and distribution of cigarettes and unmanufactured tobacco. Established in 1930 as Vazir Sultan Tobacco Company, it produces various cigarette brands for the Indian market and maintains a strong distribution network across the country.
With a market capitalisation of Rs. 4,068 cr, the shares of VST Industries Ltd closed at Rs. 239.5 per share, down by 0.27% from the previous close of Rs. 240.15 per share. The company is debt-free and has delivered an average dividend payout of 75.8% over the past three years.
Quick Heal Technologies is an Indian cybersecurity company developing antivirus and security software for consumers and enterprises. Founded in 1995, it has grown into a major cybersecurity product provider with both consumer- and enterprise-focused offerings.
With a market capitalisation of Rs. 1,210 cr, the shares of Quick Heal Technologies Ltd closed at Rs. 223.35 per share, down by 1.28% from the previous close of Rs. 226.25 per share. The company is debt-free and has delivered an average dividend payout of 91.2% over the past three years.
Maharashtra Scooters manufactures pressure die-casting dies, jigs, fixtures, and cast components for the two- and three-wheeler and auto component industries. In addition to its manufacturing activities, it functions as a core investment company with significant holdings in other businesses, including the Bajaj Group.
With a market capitalisation of Rs. 15,731 cr, the shares of Maharashtra Scooters Ltd closed at Rs. 13,765.4 per share, down by 2.94% from the previous close of Rs. 14,182.25 per share. The company is debt-free and has delivered an average dividend payout of 88.6% over the past three years.
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