Top Machinery companies in India by Debt to Equity Ratio

This ranking features the top 148 Machinery companies in India ranked by Debt to Equity Ratio, averaging a Debt to Equity Ratio of 0.41, for January 15, 2025.

India

Machinery

#	Name	Debt to Equity Ratio	Reported Date	Stock Price	Change	Country
1	Shivam Autotech Limited 1 SHIVAMAUTO.NS	7.01	March 31, 2024	USD 0.45	2.82%	India
2	TIL Limited 2 TIL.NS	5.44	March 31, 2024	USD 3.26	1.62%	India
3	TRF Limited 3 TRF.NS	3.06	March 31, 2024	USD 4.50	1.85%	India
4	Rane (Madras) Limited 4 RML.NS	2.85	March 31, 2024	USD 9.01	0.55%	India
5	GE Power India Limited 5 GEPIL.NS	2.36	March 31, 2024	USD 3.68	4.49%	India
6	Synergy Green Industries Limited 6 SGIL.NS	1.71	March 31, 2024	USD 4.64	2.30%	India
7	Elgi Rubber Company Limited 7 ELGIRUBCO.NS	1.62	March 31, 2024	USD 1.30	-2.48%	India
8	Mahindra & Mahindra Limited 8 M&M.NS	1.61	March 31, 2024	USD 35.23	1.81%	India
9	Kirloskar Oil Engines Limited 9 KIRLOSENG.NS	1.55	March 31, 2024	USD 10.87	5.21%	India
10	Kirloskar Electric Company Limited 10 KECL.NS	1.54	March 31, 2024	USD 1.96	2.23%	India
11	Delta Manufacturing Limited 11 DELTAMAGNT.NS	1.48	March 31, 2024	USD 1.20	5.05%	India
12	Pitti Engineering Limited 12 PITTIENG.NS	1.48	March 31, 2024	USD 14.37	-0.09%	India
13	LGB Forge Limited 13 LGBFORGE.BO	1.47	March 31, 2024	USD 0.17	2.41%	India
14	Autoline Industries Limited 14 AUTOIND.NS	1.43	March 31, 2024	USD 1.12	2.29%	India
15	RattanIndia Enterprises Limited 15 RTNINDIA.NS	1.41	March 31, 2024	USD 0.66	4.02%	India
16	Tata Motors Limited 16 TATAMOTORS.NS	1.29	March 31, 2024	USD 8.90	2.75%	India
17	M M Forgings Limited 17 MMFL.NS	1.18	March 31, 2024	USD 4.97	2.21%	India
18	Bharat Forge Limited 18 BHARATFORG.NS	1.11	March 31, 2024	USD 13.75	1.91%	India
19	Lumax Industries Limited 19 LUMAXIND.NS	1.08	March 31, 2024	USD 28.00	0.54%	India
20	Craftsman Automation Limited 20 CRAFTSMAN.NS	1.06	March 31, 2024	USD 57.48	0.15%	India
21	Lumax Auto Technologies Limited 21 LUMAXTECH.NS	1.03	March 31, 2024	USD 6.78	-0.62%	India
22	Bharat Gears Limited 22 BHARATGEAR.NS	1.03	March 31, 2024	USD 1.07	1.32%	India
23	Rane Holdings Limited 23 RANEHOLDIN.NS	0.94	March 31, 2024	USD 19.35	10.15%	India
24	Wheels India Limited 24 WHEELS.NS	0.93	March 31, 2024	USD 7.81	3.55%	India
25	Latteys Industries Limited 25 LATTEYS.NS	0.92	March 31, 2024	USD 0.35	5.13%	India
26	Aaron Industries Limited 26 AARON.NS	0.88	March 31, 2024	USD 4.06	1.44%	India
27	Dynamatic Technologies Limited 27 DYNAMATECH.NS	0.88	March 31, 2024	USD 87.98	4.81%	India
28	Jay Bharat Maruti Limited 28 JAYBARMARU.NS	0.82	March 31, 2024	USD 0.94	3.09%	India
29	Hariom Pipe Industries Limited 29 HARIOMPIPE.NS	0.80	March 31, 2024	USD 5.77	0.28%	India
30	TVS Srichakra Limited 30 TVSSRICHAK.NS	0.76	March 31, 2024	USD 35.99	0.34%	India
31	Kalyani Forge Limited 31 KALYANIFRG.NS	0.74	March 31, 2024	USD 8.04	-4.86%	India
32	Wonder Electricals Limited 32 WEL.BO	0.73	March 31, 2024	USD 1.86	5.10%	India
33	Sandhar Technologies Limited 33 SANDHAR.NS	0.72	March 31, 2024	USD 5.28	2.19%	India
34	Pritika Auto Industries Limited 34 PRITIKAUTO.NS	0.71	March 31, 2024	USD 0.27	4.43%	India
35	Walchandnagar Industries Limited 35 WALCHANNAG.NS	0.67	March 31, 2024	USD 2.81	5.23%	India
36	Salzer Electronics Limited 36 SALZERELEC.NS	0.66	March 31, 2024	USD 16.06	0.90%	India
37	The Hi-Tech Gears Limited 37 HITECHGEAR.NS	0.64	March 31, 2024	USD 8.99	3.14%	India
38	Remsons Industries Limited 38 REMSONSIND.NS	0.61	March 31, 2024	USD 1.50	-2.00%	India
39	Zuari Industries Limited 39 ZUARIIND.NS	0.61	March 31, 2024	USD 3.39	2.31%	India
40	Lokesh Machines Limited 40 LOKESHMACH.NS	0.60	March 31, 2024	USD 3.46	5.39%	India
41	Balrampur Chini Mills Limited 41 BALRAMCHIN.NS	0.59	March 31, 2024	USD 5.74	7.13%	India
42	Khaitan (India) Limited 42 KHAITANLTD.NS	0.58	March 31, 2024	USD 0.93	0.86%	India
43	Nahar Industrial Enterprises Limited 43 NAHARINDUS.NS	0.55	March 31, 2024	USD 1.50	6.22%	India
44	Axiscades Technologies Limited 44 AXISCADES.NS	0.54	March 31, 2024	USD 8.16	-4.12%	India
45	Marshall Machines Limited 45 MARSHALL.NS	0.51	March 31, 2024	USD 0.23	5.16%	India
46	Triveni Engineering & Industries Limited 46 TRIVENI.NS	0.49	March 31, 2024	USD 4.62	3.23%	India
47	NMDC Steel Limited 47 NSLNISP.NS	0.43	March 31, 2024	USD 0.47	6.32%	India
48	Atam Valves Limited 48 ATAM.NS	0.41	March 31, 2024	USD 1.39	-0.58%	India
49	Tube Investments of India Limited 49 TIINDIA.NS	0.41	March 31, 2024	USD 38.37	2.95%	India
50	Elgi Equipments Limited 50 ELGIEQUIP.NS	0.40	March 31, 2024	USD 6.17	0.96%	India

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Frequently Asked Questions

Which Machinery company in India has the highest Debt to Equity Ratio ?

The Machinery company in India with the highest Debt to Equity Ratio is Shivam Autotech Limited (NSE: SHIVAMAUTO.NS) at 7.01.
Which Machinery company in India has the lowest Debt to Equity Ratio ?

The Machinery company in India with the lowest Debt to Equity Ratio is NRB Industrial Bearings Limited (NSE: NIBL.NS) at -2.82.

What are the top 10 Machinery companies in India by Debt to Equity Ratio ?

The top 10 Machinery companies in India by Debt to Equity Ratio are Shivam Autotech Limited, TIL Limited, TRF Limited, Rane (Madras) Limited, GE Power India Limited, Synergy Green Industries Limited, Elgi Rubber Company Limited, Mahindra & Mahindra Limited, Kirloskar Oil Engines Limited and Kirloskar Electric Company Limited.
What are the bottom 10 Machinery companies in India by Debt to Equity Ratio ?

The bottom 10 Machinery companies in India by Debt to Equity Ratio are NRB Industrial Bearings Limited, BGR Energy Systems Limited, Electrotherm (India) Limited, Setco Automotive Limited, HMT Limited, McNally Bharat Engineering Company Limited, Premier Limited, Jullundur Motor Agency (Delhi) Limited, Shanthi Gears Limited and Wendt (India) Limited.