Zero Debt Stocks Of Tata Group: Tata Group is known for its trust and reliability. It was founded in 1868 by Jamsetji Tata. Tata Group has operations in over 100 countries across six continents. Tata Group is in different businesses like Automobiles, Steel, Chemicals, Hotels, Consumer Products, and IT Services. The Tata Group plays a significant role in the country’s development.
While investing in any stocks it is good to know whether the stocks have any debt or not. Usually, retail investors should prefer companies that have zero debt and if the company belong to Tata Group then increase the convection to hold the stock for the long term. There is a very famous saying- TATA ka share Hai To Upar Jaega hi. We have made a list of the six zero-debt stocks of Tata Group to watch in 2024.
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Zero Debt Stocks Of Tata Group #1– TCS
Tata Consultancy Services(TCS) is an Indian multinational IT services and consulting company. TCS is the second-largest IT services company by market capitalization. TCS is present in 150 locations across 46 countries and it employs more than 616,000 professionals. It is headquartered in Mumbai.
TCS offers services and consulting solutions across different industries like banking, healthcare, Manufacturing, Retail, Government and Telecom. Apart from consulting solutions TCS also develops its own software products and web apps to cater to different industries. Being the leader now TCS is also focusing on Artificial intelligence, Blockchain, Machine learning and Cloud computing. TCS is the backbone of India’s IT industries.
The market cap of Tata Consultancy Services(TCS) is ₹14,12,412.13 crore, making it a Large-Cap company. Currently, its P/E Ratio(TTM) is 30. Its share has delivered around 10% return in one year. TCS is also known to make its investors always happy with dividends, bonus shares, and buybacks.
Zero Debt Stocks Of Tata Group #2– Tata Elxsi
Tata Elxsi is an Indian multinational design and technology services company. It is headquartered in Bangalore. Tata Elxsi is present in over 20 countries and it employs more than 8,000 professionals. Tata Elxsi offers design and technology services across various industries including Automotive, Healthcare, and Transportation. Tata Elxsi has some notable clients like Land Rover, BMW, Ford, BBC, Netflix, and ESPN.
Tata Elxsi is known for innovation and with the advancement of technologies now they are also focusing on AI, VR/AR, the Internet of Things (IoT), autonomous vehicles, and cloud computing. The company is now heavily focusing on research and development. Tata Elxsi is actively acquiring and doing partnerships with other companies to expand its portfolio and global presence.
The market cap of Tata Elxsi is ₹53738.03 crore, making it a Mid-Cap company. Currently, its P/E Ratio(TTM) is 69. Its share has delivered around 38% return in one year.
Zero Debt Stocks Of Tata Group #3- Tejas Network
Tejas Network is an Indian provider of optical networking products and solutions. It is headquartered in Bangalore. Tejas Network is present in over 70 countries and it employs more than 4,000 professionals. They offer a range of products for both current 4G and future 5G networks. Along with that, they develop equipment for high-speed data transmission over fibre optic cables.
Tejas Network is an expert in optical networking technology and because of this they are getting bulk orders recently in December 2023 they got an order for a pan-India router network. They are playing an important role in 5G development in India.
The market cap of Tejas Network is ₹14,473.82 Cr, making it a Mid-Cap company. Currently, its P/E Ratio(TTM) is -236. Its share has delivered around 46% return in one year.
Zero Debt Stocks Of Tata Group #4- Tata Metaliks
Tata Metaliks is an Indian company specializing in the production of pig iron and ductile iron pipes. It is one of the largest conglomerates in India. It was founded in 1990. The company has two integrated steel plants in India, one in Jamshedpur and one in Orissa. Their pig iron is used in a variety of industries including steel, power, and cement. In the future also Tata Metaliks will tend to grow at a rapid pace as the demand for steel and ductile iron pipes is increasing in India as well as abroad.
The market cap of Tata Metaliks is ₹3,428 Cr, making it a Mid-Cap company. Currently, its P/E Ratio(TTM) is 24. Its share has delivered around 28% return in one year.
Zero Debt Stocks Of Tata Group #5- Tinplate
The Tinplate Co of India Ltd (TCIL) is a manufacturer of tinplate in India. It is a subsidiary of Tata Steel Ltd. It was founded in 1920. Tinplate is one of the oldest and largest tinplate manufacturers in India. It is headquartered in Kolkata. The company has one single manufacturing facility in Jamshedpur, Jharkhand. They offer tinplate and tin-free steel (TFS) products for various industries like Food packaging, General packaging, Automotive industry. The Tinplate Co of India Ltd (TCIL) is the dominant player in the market capturing around 60% of the prime tinplate market and 40%+ of the overall market.
The market cap of Tinplate is ₹4,626 Cr, making it a Mid-Cap company. Currently, its P/E Ratio(TTM) is 49. Its share has delivered around 28% return in one year.
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Conclusion
Tata stocks and debt-free stocks are considered primarily safer as compared to the other stocks. However, investors should do proper research while investing. This article is just for informational and educational purposes.
