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Did you know that RIL is not in the list of top 50 debt-free companies in India?

Industry heavyweight Reliance Industries Limited seems to have not made the top-50 in the list of debt-free companies collated by investment professional Gurpreet Saluja.

Did you know that RIL is not in the list of top 50 debt-free companies in India?
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On Thursday, Reliance Industries (RIL) scaled another new height by becoming the first Indian company to cross-market capitalisation of $200-billion. As the Sensex came to a close on Thursday, September 10 RIL had a market cap of $208 billion.

Currently, RIL is India's most valued company and Tata Consultancy Services (TCS) with a market valuation of  $119 billion is a distant second. Recently, Reliance Industries Limited and Reliance Retail Ventures Limited has announced that Silver Lake will be investing ₹7,500 crores into RRVL, which is a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹4.21 lakh crores which basically means that the investment will translate into a 1.75 per cent equity stake in RRVL on a fully diluted basis.  

As per reports, RIL is in talks wtih Amazon.com to sell roughly $20 billion stake in its retail business. 

While this may be the case so, did you know that Reliance is not one of the leading debt-free companies in India? In fact, it does not even feature in the top 50 list.

According to the recently released data on investment analysis portal screener.in on virtually debt-free listed companies in India at present, industry heavyweight Reliance Industries Limited seems to have not made the top-50 in the list of debt-free companies collated by investment professional Gurpreet Saluja.

The list of 50 virtually debt-free companies are:

1.            Hindustan Unilever

2.            Nestle India

3.            Castrol India

4.            Praveg Comm.

5.            IOL Chemicals

6.            Colgate-Palmolive

7.            I R C T C

8.            Diamines & Chem

9.            Jyoti Resins

10.          P & G Hygiene

11.          VST Industries

12.          Indian Energy Ex

13.          Dolat Investment

14.          Sonata Software

15.          Balmer Law. Inv.

16.          TCS        

17.          HDFC AMC

18.          Chemcrux Enterp.           

19.          Kanchi Karpooram          

20.          Mangalam Organic         

21.          Marico 

22.          L&T Technology

23.          CRISIL

24.          L & T Infotech   

25.          Metropolis Health

26.          Oracle Fin.Serv.

27.          Swaraj Engines

28.          Bajaj Consumer

29.          TCI Express

30.          Gillette India

31.          Caplin Point Lab               

32.          Avanti Feeds

33.          Mahanagar Gas

34.          Thyrocare Tech.

35.          Vinati Organics

36.          United Drilling   

37.          Abbott India

38.          Tata Elxsi

39.          Assoc.Alcohols 

40.          Honeywell Auto

41.          Pidilite Inds.

42.          Rites     

43.          Tyche Industries              

44.          AstraZeneca Pharma

45.          Asian Paints

46.          Glaxosmi. Pharma

47.          Zen Technologies

48.          Shree Ganesh Rem

49.          Infosys

50.          ITC

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