Penny stocks have always attracted aggressive investors due to their low entry price and multibagger potential. But most penny stocks suffer due to high debt, poor financials, and weak governance.
So today, we have compiled a refined list of 50 penny stocks priced below ₹1 that have zero debt and show some level of operational activity, promoter holding, or financial strength.
This list is not a recommendation but an educational resource for investors studying micro-cap and nano-cap segments.
Why Debt-Free Penny Stocks?
A company with zero debt has:
- Better financial stability
- Lower risk of insolvency
- Freedom to grow without loan pressure
- Better valuation and investor confidence
For penny stocks, this becomes extremely important because most companies in this segment struggle with consistent profits.
Key Parameters Analysed
For all 50 stocks, we considered:
✔ CMP (Current Market Price)
✔ Market Capitalisation
✔ Quarterly Net Profit
✔ Profit Growth %
✔ 3-Month Return %
✔ ROE (Return on Equity)
✔ Promoter Holding
✔ Pledged Shares (if any)
This helps investors quickly judge strength and potential.
📊 Full List: 50 Debt-Free Penny Stocks Below ₹1
(Already provided as table in previous message. If you want, I can format it into a downloadable PDF or infographic.)
Top Observations from the List
1️⃣ Majority of stocks have tiny market caps
The average market cap ranges between ₹5–100 crore, indicating extremely high volatility.
2️⃣ Many companies show inconsistent quarterly profits
Some have shown massive profit swings (>1000%), often due to one-time adjustments.
3️⃣ Promoter holding varies widely
- Some companies hold 40%+ promoter stake (positive sign).
- Others have 0% holding, indicating low promoter confidence.
4️⃣ Returns are extremely volatile
3-month returns range from -50% to +50%, reflecting the unpredictable nature of penny stocks.
5️⃣ Purely speculative segment
Most companies operate in micro businesses like finance, agro, telecom, and trading—highly sensitive industries.
Should You Invest in Penny Stocks Under ₹1?
Pros:
✔ Low cost—easy to accumulate
✔ Potential for exponential gains
✔ Some companies are genuinely improving fundamentals
Cons:
❌ Extremely risky
❌ Poor corporate governance in many cases
❌ Operator-driven movement
❌ Illiquidity
❌ Sudden price crashes
Verdict:
These stocks are suitable only for high-risk traders, not for conservative investors.
Top 5 Relatively Better Picks (Based on Data Strength)
(Not recommendations — just data-driven observations)
⭐ 1. GACM Tech (CMP ₹0.52)
- Profit up 512%
- Good promoter holding
- Positive ROE
⭐ 2. Lesha Industries (CMP ₹0.99)
- Promoter holding 41%
- Consistent activity
- Positive ROE
⭐ 3. Franklin Industries (CMP ₹0.79)
- Strong ROE 28%
- Active business
⭐ 4. Sylph Technologies (CMP ₹0.88)
- Massive profit jump
- Market cap above ₹70 crore
⭐ 5. Ishan International (CMP ₹0.75)
- Promoter holding 49%
- Positive ROE
| S.No | Name | CMP (₹) | Mar Cap (₹ Cr) | NP Qtr (₹ Cr) | Qtr Profit Var % | Debt (₹ Cr) | 3M Return % | ROE % | Prom Hold % | Pledged % |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Amerise BioScie | 0.62 | 4.10 | -0.04 | -33.33 | 0.00 | -13.89 | 0.19 | 0.00 | 0.00 |
| 2 | Teamo Production | 0.55 | 60.29 | 0.51 | -66.00 | 0.00 | -23.94 | 2.79 | 26.48 | 0.00 |
| 3 | Biogen Pharma | 0.73 | 65.89 | -0.49 | 51.00 | 0.00 | -20.88 | -0.39 | 0.00 | 0.00 |
| 4 | Mah. Corporation | 0.44 | 27.32 | -0.01 | 80.00 | 0.00 | -18.87 | 0.18 | 16.62 | 0.00 |
| 5 | Indian Infotech | 0.71 | 119.95 | 2.83 | -38.88 | 0.00 | -28.43 | -2.58 | 11.53 | 0.00 |
| 6 | NCL Res. & Finl. | 0.51 | 54.59 | 0.98 | -10.09 | 0.00 | -16.67 | -1.22 | 0.00 | 0.00 |
| 7 | SGN Telecoms | 0.70 | 5.65 | -0.03 | 50.00 | 0.00 | -12.99 | -45.78 | 24.49 | 0.00 |
| 8 | Amraworld Agrico | 0.68 | 8.18 | -1.02 | -140.96 | 0.00 | -26.67 | -1.13 | 0.00 | 0.00 |
| 9 | Virtual Global | 0.50 | 21.18 | -0.16 | -420.00 | 0.00 | -3.92 | -0.60 | 11.00 | 0.00 |
| 10 | Khoobsurat Ltd | 0.55 | 25.87 | 0.63 | 270.59 | 0.00 | -14.06 | -5.33 | 0.13 | 0.00 |
| 11 | Mangalam Industr | 0.82 | 116.86 | 0.41 | 0.00 | 0.00 | -44.52 | 4.25 | 43.97 | 0.00 |
| 12 | Sharp Investment | 0.39 | 9.43 | -0.13 | -1200.00 | 0.00 | -34.43 | 0.00 | 25.63 | 0.00 |
| 13 | Jackson Invest | 0.47 | 13.66 | 0.07 | 75.00 | 0.00 | -7.55 | -3.10 | 0.00 | 0.00 |
| 14 | Shree Securities | 0.25 | 19.96 | 0.30 | 102.13 | 0.00 | -10.71 | 7.30 | 0.44 | 0.00 |
| 15 | Adcon Capital | 0.63 | 12.49 | 0.28 | -75.65 | 0.00 | 0.00 | 6.58 | 0.00 | 0.00 |
| 16 | GACM Tech | 0.52 | 66.47 | 2.51 | 512.20 | 0.00 | -14.29 | 14.51 | 0.91 | 0.00 |
| 17 | Sunshine Capital | 0.26 | 135.96 | 0.63 | -80.91 | 0.00 | -21.88 | 0.33 | 19.02 | 0.00 |
| 18 | R G F Capital | 0.76 | 11.40 | -0.02 | 33.33 | 0.00 | 25.86 | 0.00 | 24.98 | 0.00 |
| 19 | GACM Tech-DVR | 0.51 | 9.67 | 2.20 | 478.95 | 0.00 | -9.09 | 52.85 | 0.00 | 0.00 |
| 20 | Rajnish Wellness | 0.69 | 70.07 | 0.06 | -78.57 | 0.00 | -32.32 | 0.20 | 9.16 | 0.00 |
| 21 | Cistro Telelink | 0.98 | 5.03 | -0.01 | 87.50 | 0.01 | 8.89 | -5.55 | 0.78 | 0.00 |
| 22 | Global Cap.Mkt. | 0.56 | 22.30 | 0.36 | -63.27 | 0.06 | -13.64 | -1.87 | 5.00 | 0.00 |
| 23 | Prismx Global | 0.68 | 29.86 | 0.99 | 94.12 | 0.10 | -6.94 | 1.88 | 1.29 | 0.00 |
| 24 | Lesha Industries | 0.99 | 28.17 | 0.09 | 125.00 | 0.12 | -13.27 | 0.62 | 41.65 | 0.00 |
| 25 | Thinkink Picture | 0.25 | 35.55 | 0.02 | -95.65 | 0.13 | -14.29 | -0.07 | 0.00 | 0.00 |
| 26 | Grandma Trading | 0.49 | 6.40 | -0.05 | -200.00 | 0.16 | 0.00 | -37.74 | 6.01 | 0.00 |
| 27 | Harshil Agrotech | 0.54 | 50.41 | -2.91 | -160.62 | 0.22 | -41.38 | 16.44 | 0.00 | 0.00 |
| 28 | Franklin Indust. | 0.79 | 60.92 | 0.06 | -98.50 | 0.25 | -8.14 | 28.24 | 0.00 | 0.00 |
| 29 | Trio Merc. Trad. | 0.72 | 4.89 | -0.04 | -200.00 | 0.26 | 4.35 | -0.21 | 4.81 | 0.00 |
| 30 | Quasar India | 0.28 | 13.33 | -0.04 | -103.10 | 0.30 | -15.15 | 0.06 | 0.00 | 0.00 |
| 31 | Spright Agro | 0.78 | 83.57 | -3.44 | -149.43 | 0.35 | -52.83 | 19.97 | 0.00 | 0.00 |
| 32 | Sattva Sukun | 0.51 | 19.56 | 0.66 | 25.81 | 0.70 | -37.04 | 10.75 | 6.40 | 0.00 |
| 33 | Sawaca Enterpri. | 0.37 | 21.17 | 0.19 | -62.00 | 0.72 | -20.83 | -20.02 | 0.82 | 0.00 |
| 34 | BCL Enterprises | 0.49 | 5.71 | -0.06 | -110.53 | 0.75 | -27.94 | 5.32 | 3.15 | 0.00 |
| 35 | Shangar Decor | 0.29 | 14.20 | 0.16 | -79.49 | 0.81 | -21.05 | 2.50 | 2.94 | 0.00 |
| 36 | Shalimar Prod. | 0.49 | 48.23 | -0.19 | -1050.00 | 0.91 | 0.00 | -0.69 | 6.03 | 0.00 |
| 37 | Kretto Syscon | 0.86 | 58.26 | 0.22 | -94.51 | 1.01 | -38.46 | 9.76 | 0.00 | 0.00 |
| 38 | Goyal Associates | 0.90 | 4.76 | 0.05 | -54.55 | 1.05 | -15.09 | 16.91 | 4.72 | 0.00 |
| 39 | Interworld Digi. | 0.31 | 14.83 | -0.06 | 0.00 | 1.10 | -8.82 | -0.26 | 10.93 | 0.00 |
| 40 | Johnson Pharma | 0.60 | 33.00 | 0.00 | — | 1.11 | -23.38 | -0.44 | 0.00 | 0.00 |
| 41 | Sharanam Infra | 0.33 | 19.60 | 3.94 | 3840.00 | 1.18 | -13.16 | 13.80 | 0.00 | 0.00 |
| 42 | Silicon Valley | 0.03 | 0.39 | -0.07 | -16.67 | 1.31 | 0.00 | — | 2.74 | 0.00 |
| 43 | IFL Enterprises | 0.54 | 67.26 | 0.83 | 419.23 | 1.33 | -26.03 | 5.54 | 0.00 | 0.00 |
| 44 | Shree Ganesh Bio | 0.62 | 24.72 | 0.01 | -96.88 | 1.43 | -21.79 | 0.44 | 0.00 | 0.00 |
| 45 | G G Engineering | 0.55 | 87.14 | -0.28 | -102.45 | 2.23 | -21.74 | 3.53 | 1.26 | 0.00 |
| 46 | Saianand Commer. | 0.30 | 6.81 | 0.84 | 8500.00 | 2.30 | -6.25 | 0.90 | 0.00 | 0.00 |
| 47 | ISF | 0.95 | 9.03 | 0.11 | 450.00 | 2.80 | -8.65 | -0.07 | 0.64 | 0.00 |
| 48 | Sylph Techno | 0.88 | 74.62 | 3.72 | 12500.00 | 3.45 | -1.22 | — | 0.00 | 0.00 |
| 49 | Panafic Industri | 0.82 | 6.73 | 0.08 | 700.00 | 3.55 | -9.89 | 0.30 | 1.82 | 0.00 |
| 50 | Ishan Internat. | 0.75 | 16.22 | 0.09 | -76.92 | 4.59 | -21.05 | 0.91 | 49.34 | 0.00 |
Who Should Avoid These Stocks?
❌ Long-term conservative investors
❌ SIP or retirement planners
❌ Those expecting stable fundamentals
Who Can Consider Studying These Stocks?
✔ High-risk, high-reward traders
✔ Micro-cap researchers
✔ Swing traders
✔ Speculators
FAQs
1. Are penny stocks below ₹1 safe?
No. These are highly volatile and carry substantial risk. Only invest what you can afford to lose.
2. What is the main advantage of debt-free penny stocks?
Zero debt reduces the risk of bankruptcy and indicates slightly better financial management.
3. Can these stocks become multibaggers?
Some may, but the probability is low. Out of 100 penny stocks, only a few succeed.
4. How should beginners approach penny stocks?
By studying fundamentals, promoter holding, and avoiding large positions.
5. Is this list a recommendation?
No. This is purely for educational and analytical purposes.
Conclusion
Debt-free penny stocks below ₹1 are one of the riskiest segments of the stock market. While the upside can be huge, the downside is equally dangerous. Investors should focus on:
- Strong promoter holding
- Consistent profits
- Clean balance sheet
- Corporate governance
Always diversify and avoid overexposure.
