Stocks with decreasing debt equity ratio

List of companies where Debt Equity Ratio is decreasing for last 5 years consistently

Company FY15FY16FY17FY18FY19FY20FY21
Kansai Nerolac Paints Ltd.N0.020.010.01000
GHCL Ltd.N1.281.060.810.670.570.31
Glaxosmithkline Pharmaceuticals Ltd.N000000
Tata Chemicals Ltd.N0.440.230.10.0600
Balkrishna Industries Ltd.N0.680.380.20.180.170.15
Nelco Ltd.N9.353.351.440.780.730.31
Phillips Carbon Black Ltd.N0.980.670.520.480.360.31
Suraj Ltd.N1.421.371.31.130.920.63
Bank Of IndiaN2.041.571.451.251.060.82
Syngene International Ltd.N0.890.580.470.410.320.28
Persistent Systems Ltd.N000000
Hathway Cable & Datacom Ltd.N1.390.860.780.230.220
Yasho Industries Ltd.N9.227.614.523.292.942.05
Raghav Productivity Enhancers Ltd.N1.540.680.420.240.150
Amara Raja Batteries Ltd.0.040.040.030.020.020.01N
Finolex Cables Ltd.0.10.030000N
Century Enka Ltd.0.220.090.060.050.040.02N
MRF Ltd.0.420.290.240.180.180.11N
Heidelberg Cement India Ltd.1.511.160.730.590.440.31N
Pix Transmissions Ltd.0.90.810.750.560.530.43N
Surya Roshni Ltd.1.51.291.131.051.030.88N
Prime Securities Ltd.1.660.670.170.070.030N
Pfizer Ltd.000000N
Tamilnadu Petroproducts Ltd.0.460.260.140.10.10.08N
ITC Ltd.000000N
Gold Rock Investments Ltd.0.010.010000N
WH Brady & Company Ltd.1.150.930.490.130.10.06N
Coastal Corporation Ltd.2.131.461.351.050.990.72N
Andhra Paper Ltd.1.211.060.760.370.020.01N
Seshasayee Paper and Boards Ltd.0.840.720.290.210.110.01N
Solid Containers Ltd.-0.79-0.8-0.81-0.88-1.03-1.03N
Vardhman Textiles Ltd.0.810.70.550.490.430.39N
The Ruby Mills Ltd.1.571.1510.870.850.82N
Simplex Realty Ltd.0.030.030.030.030.030.02N
Banswara Syntex Ltd.2.832.252.131.991.60.94N
Shri Dinesh Mills Ltd.0.140.130.090.050.010N
Shree Manufacturing Company Ltd.-0.4-0.47-0.52-0.57-0.63-0.64N
Permanent Magnets Ltd.1.711.520.930.770.250.04N
Federal-Mogul Goetze (India) Ltd.0.50.410.210.110.090N
Deepak Nitrite Ltd.1.571.040.780.490.310.14N
Punjab Chemicals & Crop Protection Ltd.14.723.11.981.420.90.87N
Saptak Chem And Business Ltd.-0.95-0.97-1.08-1.29-1.31-1.31N
Continental Chemicals Ltd.0.150.120.10.090.080.07N
Everest Industries Ltd.0.940.740.580.210.20.16N
MM Rubber Company Ltd.12.897.874.283.942.780.11N
RJ Shah & Company Ltd.0.080.080.060.060.050.04N
Hindoostan Mills Ltd.0.350.320.320.280.260.22N
Sakthi Finance Ltd.6.356.185.945.765.044.86N
Kamanwala Housing Construction Ltd.0.80.650.140.060.020.01N
Sahara Housingfina Corporation Ltd.3.943.182.922.542.41.64N
Scan Steels Ltd.1.580.860.810.750.570.54N
Relic Technologies Ltd.0.30.220.20.170.070.03N
Savera Industries Ltd.0.610.470.240.130.050.01N
Acrow India Ltd.0.120.040.020.010.010N
Synthiko Foils Ltd.1.741.680.220.140.120.09N
Steelcast Ltd.2.41.781.210.990.560.38N
Pradeep Metals Ltd.1.961.831.821.411.230.83N
Sharda Ispat Ltd.3.631.560.950.620.490.27N
Loyal Textile Mills Ltd.4.213.293.132.672.231.81N
Welspun India Ltd.1.721.351.241.121.010.81N
Black Rose Industries Ltd.2.192.011.661.020.630.34N
Mahalaxmi Rubtech Ltd.0.910.870.610.530.420.38N
Winsome Textile Industries Ltd.2.762.232.111.811.491.36N
Star Paper Mills Ltd.0.290.10.01000N
NR Agarwal Industries Ltd.4.793.692.251.320.950.48N
Subros Ltd.1.321.161.160.950.360.19N
HBL Power Systems Ltd.1.160.870.640.480.30.14N
Elnet Technologies Ltd.0.090.080.070.060.060.05N
Roto Pumps Ltd.0.790.70.570.410.310.18N
Samkrg Pistons & Rings Ltd.0.210.190.160.150.130.1N
Trident Ltd.1.771.431.051.040.830.66N
Windsor Machines Ltd.0.50.360.310.260.260.2N
Praj Industries Ltd.000000N
Taneja Aerospace & Aviation Ltd.0.50.480.410.410.340.2N
BN Rathi Securities Ltd.0.110.020.01000N
B&A Packaging India Ltd.1.120.810.60.490.430.18N
Aban Offshore Ltd.0.310.280.230.220.21-1.92N
Superhouse Ltd.0.870.80.730.680.610.48N
Shipping Corporation Of India Ltd.1.050.870.80.790.760.65N
Dredging Corporation Of India Ltd.0.710.670.540.520.410.35N
Golkunda Diamonds & Jewellery Ltd.1.591.421.391.341.131.05N
Gujarat Raffia Industries Ltd.1.531.470.820.730.710.08N
Rama Phosphates Ltd.0.50.440.40.350.180.14N
Vinyl Chemicals (India) Ltd.0.010.010.010.010.010.01N
Ipca Laboratories Ltd.0.420.380.290.230.140.12N
Savita Oil Technologies Ltd.0.110.070.030.0100N
Basant Agro Tech (India) Ltd.1.471.231.010.940.620.48N
Sandu Pharmaceuticals Ltd.0.690.610.590.510.320.06N
Hikal Ltd.1.281.10.990.950.870.79N
Caplin Point Laboratories Ltd.0.020.020000N
SC Agrotech Ltd.2.831.871.531.31.091.02N
Shetron Ltd.2.672.332.331.91.851.84N
Royal Cushion Vinyl Products Ltd.-0.6-0.61-0.7-0.71-0.74-0.74N
Kkalpana lndustries (India) Ltd.1.991.51.280.760.430.29N
Blue Dart Express Ltd.1.120.710.640.270.220.13N
Goldiam International Ltd.0.250.120.060.050.030.02N
Crimson Metal Engineering Company Ltd.8.974.53.733.672.972.51N
Acknit Industries Ltd.21.891.661.321.30.97N
Auro Laboratories Ltd.2.131.471.050.710.460.15N
Suven Life Sciences Ltd.0.20.130.10.040.010.01N
Relaxo Footwears Ltd.0.650.490.30.20.10.02N
KRBL Ltd.1.070.80.580.550.530.16N
Hipolin Ltd.0.240.180.130.060.050N
Stanpacks (India) Ltd.13.029.36.35.735.34.88N
Balaji Amines Ltd.0.990.550.270.250.160.15N
Medicamen Biotech Ltd.1.231.140.680.190.140.1N
Centenial Surgical Suture Ltd.0.580.580.050.050.040.04N
Almondz Global Securities Ltd.0.350.170.170.10.090.07N
KG Petrochem Ltd.3.292.32.232.121.91.67N
Orosil Smiths India Ltd.0.10.080.060.030.010N
National General Industries Ltd.0.160.140.090.090.080.08N
Bhagiradha Chemicals & Industries Ltd.1.441.331.250.60.360.32N
Asian Star Company Ltd.1.671.351.21.110.920.8N
Oriental Rail Infrastructure Ltd.1.781.691.010.920.750.58N
JK Paper Ltd.2.791.71.280.80.660.58N
Bengal Tea & Fabrics Ltd.1.060.850.510.270.240.22N
Brightcom Group Ltd.0.290.280.280.280.270.23N
Tips Industries Ltd.1.511.280.940.510.120.02N
Taj GVK Hotels & Resorts Ltd.0.830.760.70.60.490.4N
United Spirits Ltd.2.742.452.091.30.820.54N
Cera Sanitaryware Ltd.0.190.080.070.040.030.02N
MPF Systems Ltd.0-0.24-0.73-0.77-0.78-0.85N
Pokarna Ltd.0.950.710.70.60.40.38N
B.A.G. Films and Media Ltd.0.410.360.290.210.150.12N
Petronet LNG Ltd.0.470.40.270.150.070.01N
Century Plyboards (India) Ltd.1.30.880.860.660.550.25N
Xchanging Solutions Ltd.0.010.010000N
Mangalam Drugs And Organics Ltd.2.651.130.770.660.660.48N
Nandan Denim Ltd.1.821.631.461.351.231.06N
Vivimed Labs Ltd.1.871.621.090.840.650.59N
Sakuma Exports Ltd.1.661.541.30.270.120.02N
Malu Paper Mills Ltd.8.647.34.544.092.842.82N
Uttam Sugar Mills Ltd.626.5337.564.524.383.12.84N
LT Foods Ltd.3.22.642.450.880.790.65N
Firstsource Solutions Ltd.0.140.110.090.0100N
Tarmat Ltd.3.173.143.132.872.451.97N
Alpa Laboratories Ltd.0.330.260.110.060.020N
Hisar Metal Industries Ltd.5.364.434.253.332.62.29N
Lambodhara Textiles Ltd.2.761.841.581.040.950.84N
PPAP Automotive Ltd.0.420.350.220.110.080.07N
Kiri Industries Ltd.6.72.550.650.370.260.22N
Somi Conveyor Beltings Ltd.0.650.590.480.470.430.39N
Frontline Securities Ltd.0.050.040.030.020.020.01N
CHL Ltd.0.720.550.370.250.170.03N
20 Microns Ltd.2.191.851.220.950.730.61N
MMP Industries Ltd.1.811.240.880.630.150.09N
Ramky Infrastructure Ltd.7.517.344.742.862.371.46N
Sheela Foam Ltd.0.330.150.01000N
Vascon Engineers Ltd.0.620.40.380.380.360.33N
BMW Industries Ltd.1.531.331.110.890.710.54N
Beekay Steel Industries Ltd.0.980.840.80.60.30.19N
Aryan Share And Stock Brokers Ltd.1.160.640.530.250.220.22N
Endurance Technologies Ltd.0.290.180.130.110.10.07N
Macpower CNC Machines Ltd.3.471.481.10.0100N
Prince Pipes and Fittings Ltd.1.871.551.331.150.750.31N
Indian Metals & Ferro Alloys Ltd.1.261.250.90.720.70.65N
Cochin Shipyard Ltd.0.080.070.060.040.040.03N
SJVN Ltd.0.260.230.210.210.190.19N
Mallcom (India) Ltd0.930.880.70.60.520.31N
Kesar Terminals & Infrastructure Ltd.0.40.260.190.10.040N
Future Market Networks Ltd.1.941.711.561.060.780N
Heranba Industries Ltd.1.040.970.730.480.220.13N
The Yamuna Syndicate Ltd.0.390.10.080.060.040N
Dilip Buildcon Ltd.2.512.361.381.21.120.9N
Vaishali Pharma Ltd.7.756.565.750.890.80.78N
Gland Pharma Ltd.0.120.070000N
Max Alert Systems Ltd.0.690.590.540.240.140.14N
Kanchi Karpooram Ltd.2.411.870.820.6600N
Vasundhara Rasayans Ltd.0.810.70.430.10.030N
Sreeleathers Ltd.0.010.010.01000N
Concord Drugs Ltd.1.61.330.810.710.420.41N
Spaceage Products Ltd.0.060.060.060.050.050.05N
Gujarat Gas Ltd.1.621.561.431.261.010.61N
Precision Camshafts Ltd.0.780.340.20.080.050.04N
SM Auto Stamping Ltd.2.462.392.181.41.10.98N
Monte Carlo Fashions Ltd.0.310.220.130.110.10.07N
Crane Infrastructure Ltd.0.270.20.180.150.120.07N
Captain Technocast Ltd.1.961.510.610.480.440.33N
Mohini Health & Hygiene Ltd.4.123.82.690.860.770.58N
Jyotirgamya Enterprises Ltd.0.040.030.030.020.010N
Ganga Pharmaceuticals Ltd.0.810.480.440.410.360.28N
Par Drugs And Chemicals Ltd.1.921.771.291.10.40.15N
Bella Casa Fashion & Retail Ltd.3.622.11.931.730.960.76N
Patdiam Jewellery Ltd.0.830.630.490.440.320.26N
Shanti Educational Initiatives Ltd.1.150.280.240.10.10.07N
KKV Agro Powers Ltd.4.062.760.350.180.040N
Gujarat Hy-Spin Ltd.2.392.341.971.671.491.21N
Gretex Industries Ltd.1.780.720.290.280.210.01N
Chemcrux Enterprises Ltd.0.410.370.260.250.120.06N
ANG Lifesciences India Ltd.3.782.841.830.80.760.6N
Accord Synergy Ltd.18.093.681.430.670.570.42N
Astron Paper & Board Mill Ltd.2.472.221.970.590.380.37N
Beta Drugs Ltd.4.473.791.350.230.190.16N
Pulz Electronics Ltd.0.710.70.410.2200N
Shree Ram Proteins Ltd.5.92.742.681.180.980.87N
Arvee Laboratories (India) Ltd.14.699.595.961.160.790.21N
Deccan Health Care Ltd.1.120.880.490.240.020.02N
Uniinfo Telecom Services Ltd.66.8714.283.320.360.270.07N
Supreme Engineering Ltd.4.714.1543.061.791.67N
Debock Sales and Marketing Ltd.17.1812.812.280.740.540.53N
SIRCA Paints India Ltd.0.90.520.110.0700N
Sun Retail Ltd.4.384.073.950.540.160.12N
Rajshree Polypack Ltd.1.150.840.640.440.160.08N
Akshar Spintex Ltd.2.351.91.621.080.810.81N
Jakharia Fabric Ltd.1.421.231.131.110.560.52N
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References:  Annual Reports, Corporate Announcements.

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Author: PA Wealth

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