Yuva Patrkaar, New Delhi : Welcome to yuvapatrkaar Article hope you are absolutely fine Today I will tell you about Debt Free Penny Stocks Below 1 Rupee. If you also want to know about this. So please read this post of ours completely. So that you may miss something important about that company.

Today, all the stocks that I will tell you about, they are all stocks with a price of less than one rupee. However, you must be aware that there are frequent fluctuations in the prices of stocks, due to which the price of these stocks mentioned by me can also be a little more than one rupee.

So friends, without wasting time, now know about Debt Free Penny Stocks Below 1 Rupee.

Read More - Hero Karizma To Be Packed With Advanced Features

Debt Free Penny Stocks Below 1 Rupee

Let me tell you in advance that there are lakhs of companies listed in the market. Due to which it is very difficult to find debt free shares priced below ₹1. But we have done a lot of research and have found some such stocks which are currently priced at less than Re 1 and have no debt.

Although there is debt on some shares, but not much. That's why we can consider them also debt free. Because when the debt is negligible, then it cannot make any significant impact on the growth of that company. Due to which the company does not face any difficulties in expanding its business.

Friends, after telling about these stocks now, I will also tell you about the things to note before buying debt free shares priced below ₹ 1. Which you must read, because some important tips have been written in it, which you should know before investing.

Read More - Upcoming Suv's: This SUV Equipped With Explosive Features Can Be Launched in The Coming 1-2 Months

So friends Debt Free Penny Stocks are as follows –

1.Shalimar Productions

Basically friends Shalimar Productions produces films, music albums and television shows etc. This company also has a very big studio of its own which is located in Kolkata City and the name of this studio of the company is Visagar Suranjana Studios.

For information, let us tell you that the company was established in the year 1983. Currently OTT has become very popular. And you must know that now the dominance of OTT Platforms has increased a lot and it is increasing. Due to which the earning of these platforms is also very good.

It may also happen that you will also be using OTT Platform to watch Movies or Web Series. In such a situation, you will be very happy to know that Shalimar Production Company has also stepped into this field. The company's management has also made a plan to launch its own OTT Platform called NJOYMAX.

Currently its share price is around Rs.0.49. At the same time, its market cap is less than 50 crores and it has a debt of 0.01 crores, which means negligible debt. Because of this it can be considered as a debt free company. If we talk about the holding of the promoters of the company,

Its promoters hold only 6.03% of the company. The majority share of the company is with the public. From which it is clear that the company is fundamentally nothing special.

Read More - Hyundai Creta Facelift May Be Launched By March 2024

2. Amraworld Agrico Ltd.

Amraworld Agrico Ltd comes second in the list of Debt Free Penny Stocks Below 1 Rupee. There is no debt of even a single rupee on this company. Its share price has been fluctuating for the last several years but no significant growth has been seen.

The share price of the company is currently trading at Rs.0.74. At the time of listing, its price was between 14 to 15 rupees, but today after so many years, its price could not cross even one rupee. It means that this company is running in huge loss. At the same time, it is very weak fundamentally and technically.

Because its promoters holding is 0%. Almost 100% holding is with the public. Even after this, the sales of the company are showing a decent growth. Let me tell you that Amraworld Agrico Ltd has not yet given any significant return to its investors. This is an underperforming penny stock.

Read More - Maruti Suzuki Invicto: Invicto is Here To Give a Tough Challenge To Toyota Innova

3. MFL India

Our next stock is MFL India which is a debt free company. At present there is no loan on it. The market cap of the company is currently more than Rs 24 crore. The full name of this company is My Fair Lady Limited. Which is a Delhi based company and it deals in manufacturing personal care products.

Let me tell you that the company has its own brand named 'My Fair Lady'. And it promotes and sells its cosmetic products under this brand name. Let me tell you that the brand is owned by its Promoter Company 'My Fair Lady Cosmetics Private Limited'.

It currently manufactures products like perfume spray, bindi and comb etc. and is also marketing a number of beauty products manufactured by its group concern or other SSI. This company was established in the year 1981. At present its price is Rs.0.69. The performance of MFL company is also not that great.

Read More - Work on The 2023 Model of Bajaj Pulsar 125 Has Started, See Full Details

4. Hit Kit Global Solutions

Hit Kit Global Solutions comes fourth in the list of debt-free stocks priced below ₹ 1. This is also a debt-free company. There is negligible debt on top of this. That is, there is a debt of Rs 0.16 crore. Its market cap is only around Rs 3 crore.

Currently its price is around Rs.0.90. Let me tell you that this company is also running in loss at present. At the time of listing, its price was slightly more than Rs 14 but now it is less than Re 1. The company has not shown any significant performance for many years.

Because of which he doesn't even bother to talk about this company. The only special thing about this company is that it is Vertualy Debt Free. Apart from this, there is no reason that would compel you to buy shares of this company. Also, the promoter holding is nothing special in this.

The promoters of the company hold only 9.81 percent of the company. The rest of the share is with the public.

Read More - Triumph Speed 400 Has Been Launched, its Deliveries Are Set To Start From The End of The Month

5. Gold Line International Finvest Ltd.

Our 5th Debt Free Penny Stocks Below 1 Rupee is Gold Line International Finvest Ltd. Which is almost debt free. Let me tell you that this company was established in the year 1992 and its price is currently trading around Rs.0.57.

Its market cap is around Rs 25 crore. That is, it is a small market cap company. For information, I would like to tell that at the time of listing its price was around 40 rupees. At the same time, its price is trading at a price less than one rupee and now it is around 50 paise.

The management of Gold Line is a complete mess. Due to which the company will have to work very hard to expand itself, not only this, but also investment will have to be made along with it. Then some good news can be heard about Ja's company.

Read More - Tata is Getting Bookings For This Car Even After Waiting For 4 To 6 Weeks

6. Empower India Ltd.

Our last debt free penny stock is Empower India Ltd. It is completely debt free. That is, at present there is no debt of even a single rupee on this company. Its market cap is more than Rs 43 crore which is very good. The company is currently growing slowly.

But in terms of shareholding, this company is also similar to the previous 5 companies. The promoters of the company hold only 15.02% of the company and the general public holds 84.98%. The company has achieved very good revenue in the last three years.

Along with this, the sales of this company are also showing a gradual increase. However, this is a Penny Stock, due to which the risk in it is very high. Therefore, if you want to invest in it, then do research by yourself and only then invest and invest at your own risk.

Read More - Satyaprem Ki Katha Box Office Collection Day 20

List of debt free stocks below ₹1

No.     Share Name                                     Share Price
1.      Shalimar Productions                           ₹0.49
2.      Amraworld Agrico Ltd.                          ₹0.74
3.      MFL India                                             ₹0.69
4.      Hit Kit Global Solutions                        ₹0.90
5.     Gold Line International Finvest Ltd.      ₹0.57
6.     Empower India Ltd.                               ₹0.37

DESCLAIMER : Please note that we are not financial advisors. Therefore, before investing in these stocks, think once and invest according to your own risk.
Things to consider before buying debt free shares below ₹1
Upper circuits are often seen in such stocks ie very low priced stocks. Which attract retail investors towards themselves. Also, the risk in these stocks is very high. Due to upper circuit and lower circuit, the investor who buys it does not know how to sell it.

He gets badly trapped in it. Eventually his money also sinks. The stock prices of such companies are low. Due to which you can buy a lot of stocks in less money. If these stocks grow even a little, then the investor gets very high returns.

But the higher the return, the higher the risk involved. Friends, let me tell you a black truth of the stock market, “Today all the companies in the stock market are present in the form of Penny Stocks. About 55% of those companies have gone bankrupt. Whether the share price is ₹ 1, ₹ 5, ₹ 10, ₹ 20, UK ₹ 50, one thing is common in these and that is "High Rishk". Now the question will be in your mind that why these cheapest shares are so risky are there? So let me tell you that there are many reasons for this but mainly there are three reasons.

First reason – Companies are new in the market due to which they take a lot of loan to grow their business. And is not able to repay it on time, due to which the interest goes on increasing. Which becomes a big problem for the company. Excess debt also affects the profit of the company. Because the company has to repay the loan and the company repays the loan by withdrawing some money from its profit.

Second reason – the company is running in a lot of loss. Due to which their Net Profit is also very less. The company is also not able to generate good revenue. The amount of assets with the company is also very less.

Third reason – The company's competitors are very big companies who are occupying the market. Due to which new companies are not able to expand their expansion well. Which greatly affects their business growth.

I have told you all the shares a while ago. You must have definitely noticed one thing in them. The fundamentals of those companies are not sound at all. Friends, I told you about Debt Free Penny Stocks Below 1 Rupee, but you will invest in them at your own risk.

Because the risk in these is very high. I don't want you to be harmed. Before investing, you should analyze the company properly and also do research, who knows when you are reading this post, then the company has completely sunk or has started performing very well in the market. That's why it is important. Whatever you do, do it on your own.

Read More - Bajaj Finance Share Price Target 2023, 2024, 2025, 2026, 2030 Will Be Very Heavily Earnings

Frequently Asked Questions By People

1. Can I buy shares for less than ₹1?

Yes! You can buy shares for less than ₹1. But the risk in these stocks is very high. So do research first and only then buy shares priced below ₹ 1 from investing platforms like Upstox or Angle One.

Follow Us on Google News - Click For Latest News