Companies usually rely on debt to expand and grow their business. Very often, even as they focus on capital expenditure, their profits are impacted owing to high servicing costs of debt. But rarely do we find companies which have managed to reduce debt and simultaneously improve profits.
We analysed all listed companies over the last five years which fitted this bill. Only seven companies were found to have reduced their debt and increased profits. The list includes stocks like Britannia Inds, Grauer & Weil, 3M India, Vinati Organics, Kovai Medical, Vakrangee and The Byke Hospitality.
Interestingly, all these 7 stocks' returns more than doubled in the last five year. Kovai Medical tops the list with over 1365 percent returns followed by Vakrangee, surged by 1009 percent in the same period.


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