Top Materials companies in India by Debt to Equity Ratio

This ranking features the top 403 Materials companies in India ranked by Debt to Equity Ratio, averaging a Debt to Equity Ratio of 0.63, for January 15, 2025.

India

Materials

#	Name	Debt to Equity Ratio	Reported Date	Stock Price	Change	Country
1	Kesoram Industries Limited 1 KESORAMIND.NS	23.94	March 31, 2024	USD 2.34	-0.96%	India
2	Malu Paper Mills Limited 2 MALUPAPER.NS	19.33	March 31, 2024	USD 0.48	3.76%	India
3	Sampann Utpadan India Limited 3 SAMPANN.BO	18.81	March 31, 2024	USD 0.41	-0.36%	India
4	Aarvee Denims and Exports Ltd. 4 AARVEEDEN.NS	16.14	March 31, 2024	USD 1.53	-1.50%	India
5	Shah Alloys Limited 5 SHAHALLOYS.NS	7.13	March 31, 2024	USD 0.72	-1.86%	India
6	Sakthi Sugars Limited 6 SAKHTISUG.NS	6.56	March 31, 2024	USD 0.32	6.96%	India
7	Lexus Granito (India) Limited 7 LEXUS.NS	6.27	March 31, 2024	USD 0.49	3.67%	India
8	Sejal Glass Limited 8 SEJALLTD.NS	5.57	March 31, 2024	USD 6.41	0.71%	India
9	Shree Rama Newsprint Limited 9 RAMANEWS.NS	3.95	March 31, 2024	USD 0.20	0.86%	India
10	Indo Rama Synthetics (India) Limited 10 INDORAMA.NS	3.64	March 31, 2024	USD 0.48	0.61%	India
11	Lagnam Spintex Limited 11 LAGNAM.NS	3.47	March 31, 2024	USD 1.32	1.56%	India
12	S.A.L. Steel Limited 12 SALSTEEL.NS	3.05	March 31, 2024	USD 0.24	10.16%	India
13	Muthoot Finance Limited 13 MUTHOOTFIN.NS	2.70	March 31, 2024	USD 24.54	1.45%	India
14	Vedanta Limited 14 VEDL.NS	2.37	March 31, 2024	USD 4.98	4.24%	India
15	Damodar Industries Limited 15 DAMODARIND.NS	2.22	March 31, 2024	USD 0.46	2.30%	India
16	Kshitij Polyline Limited 16 KSHITIJPOL.NS	2.19	March 31, 2024	USD 0.05	5.98%	India
17	Yasho Industries Limited 17 YASHO.NS	1.96	March 31, 2024	USD 23.31	1.00%	India
18	Bedmutha Industries Limited 18 BEDMUTHA.NS	1.95	March 31, 2024	USD 2.32	1.40%	India
19	Sanghi Industries Limited 19 SANGHIIND.NS	1.88	March 31, 2024	USD 0.67	3.84%	India
20	Himatsingka Seide Limited 20 HIMATSEIDE.NS	1.86	March 31, 2024	USD 2.01	3.66%	India
21	Mukand Limited 21 MUKANDLTD.NS	1.62	March 31, 2024	USD 1.33	0.74%	India
22	National Fertilizers Limited 22 NFL.NS	1.60	March 31, 2024	USD 1.24	4.76%	India
23	B&B Triplewall Containers Limited 23 BBTCL.NS	1.58	March 31, 2024	USD 2.28	2.52%	India
24	Grasim Industries Limited 24 GRASIM.NS	1.55	March 31, 2024	USD 26.70	1.13%	India
25	PCBL Limited 25 PCBL.NS	1.53	March 31, 2024	USD 4.20	3.38%	India
26	Signet Industries Limited 26 SIGIND.NS	1.53	March 31, 2024	USD 0.75	4.17%	India
27	Pitti Engineering Limited 27 PITTIENG.NS	1.48	March 31, 2024	USD 14.37	-0.09%	India
28	Udaipur Cement Works Limited 28 UDAICEMENT.NS	1.48	March 31, 2024	USD 0.32	3.32%	India
29	Krishana Phoschem Limited 29 KRISHANA.NS	1.45	March 31, 2024	USD 2.14	1.90%	India
30	Anjani Portland Cement Limited 30 APCL.NS	1.45	March 31, 2024	USD 1.87	1.13%	India
31	Khaitan Chemicals and Fertilizers Limited 31 KHAICHEM.NS	1.43	March 31, 2024	USD 0.75	1.65%	India
32	Jayaswal Neco Industries Limited 32 JAYNECOIND.NS	1.43	March 31, 2024	USD 0.45	2.25%	India
33	PC Jeweller Limited 33 PCJEWELLER.NS	1.42	March 31, 2024	USD 0.17	3.50%	India
34	Mawana Sugars Limited 34 MAWANASUG.NS	1.38	March 31, 2024	USD 1.08	3.00%	India
35	Bigbloc Construction Limited 35 BIGBLOC.NS	1.37	March 31, 2024	USD 1.07	2.31%	India
36	Vishwaraj Sugar Industries Limited 36 VISHWARAJ.NS	1.36	March 31, 2024	USD 0.16	9.65%	India
37	NLC India Limited 37 NLCINDIA.NS	1.36	March 31, 2024	USD 2.67	2.78%	India
38	MSP Steel & Power Limited 38 MSPL.NS	1.34	March 31, 2024	USD 0.44	5.14%	India
39	Hisar Metal Industries Limited 39 HISARMETAL.NS	1.34	March 31, 2024	USD 2.40	5.58%	India
40	Archidply Industries Limited 40 ARCHIDPLY.NS	1.33	March 31, 2024	USD 1.12	3.18%	India
41	Manaksia Aluminium Company Limited 41 MANAKALUCO.NS	1.33	March 31, 2024	USD 0.33	4.07%	India
42	The Fertilisers And Chemicals Travancore Limited 42 FACT.NS	1.32	March 31, 2024	USD 10.36	3.43%	India
43	Senco Gold Limited 43 SENCO.BO	1.29	March 31, 2024	USD 12.08	3.62%	India
44	Avadh Sugar & Energy Limited 44 AVADHSUGAR.NS	1.28	March 31, 2024	USD 5.27	2.35%	India
45	Sky Gold Limited 45 SKYGOLD.BO	1.27	March 31, 2024	USD 4.17	4.35%	India
46	Prism Johnson Limited 46 PRSMJOHNSN.NS	1.26	March 31, 2024	USD 1.77	-5.57%	India
47	Kanpur Plastipack Limited 47 KANPRPLA.NS	1.25	March 31, 2024	USD 1.44	3.73%	India
48	Jindal Worldwide Limited 48 JINDWORLD.NS	1.23	March 31, 2024	USD 4.59	-0.20%	India
49	Rain Industries Limited 49 RAIN.NS	1.18	Dec. 31, 2023	USD 1.77	2.35%	India
50	M M Forgings Limited 50 MMFL.NS	1.18	March 31, 2024	USD 4.97	2.21%	India

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Frequently Asked Questions

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

The Materials company in India with the highest Debt to Equity Ratio is Kesoram Industries Limited (NSE: KESORAMIND.NS) at 23.94.
Which Materials company in India has the lowest Debt to Equity Ratio ?

The Materials company in India with the lowest Debt to Equity Ratio is Flexituff Ventures International Limited (NSE: FLEXITUFF.NS) at -19.59.

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

The top 10 Materials companies in India by Debt to Equity Ratio are Kesoram Industries Limited, Malu Paper Mills Limited, Sampann Utpadan India Limited, Aarvee Denims and Exports Ltd., Shah Alloys Limited, Sakthi Sugars Limited, Lexus Granito (India) Limited, Sejal Glass Limited, Shree Rama Newsprint Limited and Indo Rama Synthetics (India) Limited.
What are the bottom 10 Materials companies in India by Debt to Equity Ratio ?

The bottom 10 Materials companies in India by Debt to Equity Ratio are Flexituff Ventures International Limited, Madras Fertilizers Limited, Shree Renuka Sugars Limited, Hindusthan National Glass & Industries Limited, VISA Steel Limited, Supreme Engineering Limited, Regency Ceramics Limited, Burnpur Cement Limited, Impex Ferro Tech Limited and Zenith Steel Pipes & Industries Limited.