4 Top Low Debt Stocks With PE Below 25 to Watch for Future Multibagger Potential: LIC, NALCO, Force Motors and Great Eastern Shipping
- October 22, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
LIC Rs 392.05. NALCO Rs 312.20. Force Motors Rs 16,885. Great Eastern Shipping Rs 1,506.30. Market caps from Rs 21,175 crore to Rs 4.98 lakh crore. Data as of 21 Oct 2026.
Quick Answer
LIC, NALCO, Force Motors and Great Eastern Shipping are the 4 picks in this low debt stocks with PE below 25 watchlist, with market caps between Rs 21,175 crore and Rs 4.98 lakh crore. LIC stands out for the highest return on equity at 32.53%, while NALCO offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00. PE ratios run from 5.65 to 18.47, so compare each one with its industry PE before investing. All figures are as of 21 October 2026.
Low debt stocks with PE below 25 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. LIC, NALCO, Force Motors and Great Eastern Shipping meet that test, with market caps from Rs 21,175 crore to Rs 4.98 lakh crore and LIC offering the highest return on equity at 32.53%. Each of these companies has a debt-to-equity ratio below 0.1 and a PE ratio below 25, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a debt-to-equity ratio below 0.1 and a PE ratio below 25, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. The companies here range from midcaps to largecaps in size. Investors screening low debt stocks with PE below 25 usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 21 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Low Debt Stocks With PE Below 25 and Why Do They Attract Multibagger Interest?
Low debt stocks with PE below 25 are shares of companies with almost no borrowing that also trade at moderate multiples. The four here cover life insurance, aluminium, commercial vehicles and shipping.
Low borrowing keeps interest costs small and gives a company room to invest. For low debt stocks with PE below 25, rising profit adds to the case. Whichever way you read low debt stocks with PE below 25, the common thread is rising profit backed by complete financial data. For low debt stocks with PE below 25, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of low debt stocks with PE below 25, using FY26 and latest quarter data. Prices move daily, so recheck the figures for low debt stocks with PE below 25 before you decide.
Low Debt Stocks With PE Below 25 at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 21 October 2026. Great Eastern Shipping has the lowest PE of the group at 5.65, while LIC posts the highest return on equity at 32.53%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Life Insurance Corporation of India | 392.05 | 4,98,410 | 8.30 | 10.47 | 32.53% | 0.00 | 360.75 to 468.48 |
| National Aluminium Company | 312.20 | 58,974 | 8.74 | 12.46 | 26.83% | 0.00 | 222.71 to 445.15 |
| Force Motors | 16,885 | 23,126 | 18.47 | 23.62 | 25.19% | 0.00 | 15,982.00 to 26,450.00 |
| The Great Eastern Shipping Company | 1,506.30 | 21,175 | 5.65 | 8.87 | 17.35% | 0.06 | 1,002.55 to 1,798.00 |
LIC: 93.19% Profit CAGR Since FY22
LIC is India’s largest life insurer and one of the biggest institutional investors in the stock market, with a vast agent network across the country. It reported FY26 revenue of Rs 9,90,211.25 crore, up 10.23% year on year, and net profit of Rs 57,453.15 crore, up 18.90%. Net profit has compounded at 93.19% a year since FY22, while revenue has grown 7.96% a year. Operating margin was 5.51% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 6.97% to Rs 2,41,166.45 crore and net profit grew 23.98% to Rs 13,584.25 crore. Domestic institutions raised their holding from 1.36% in September 2025 to 6.17% in September 2026. The stock trades at a PE of 8.30 against an industry PE of 10.47, below the sector average, with a return on equity of 32.53%.
NALCO: Return on Equity of 26.83%
National Aluminium Company is a government-owned, integrated bauxite-to-aluminium producer with operations in Odisha. It reported FY26 revenue of Rs 18,508.88 crore, up 7.96% year on year, and net profit of Rs 5,797.01 crore, up 10.04%. Net profit has compounded at 18.38% a year since FY22, while revenue has grown 6.33% a year. Operating margin was 48.16% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
The stock trades at a PE of 8.74 against an industry PE of 12.46, below the sector average, with a return on equity of 26.83%. The dividend yield is 3.58%. In the June 2026 quarter, revenue rose 39.31% to Rs 5,475.68 crore and net profit grew 90.87% to Rs 2,003.14 crore. The share price has gained 160.35% over five years and 39.86% over the past year. Foreign investors raised their holding from 15.06% in June 2025 to 21.99% in June 2026.
Force Motors: Return on Equity of 25.19%
Force Motors makes commercial vehicles such as the Traveller and Gurkha and supplies engines and axles to other automakers. It reported FY26 revenue of Rs 9,167.51 crore, up 12.79% year on year, and net profit of Rs 1,211.75 crore, up 51.31%. Revenue has compounded at 29.18% a year since FY22. Operating margin was 17.59% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 6.71% to Rs 2,478.11 crore and net profit grew 22.81% to Rs 216.59 crore. The share price has gained 1046.45% over five years. Promoters hold 61.63%, which keeps ownership stable. The stock trades at a PE of 18.47 against an industry PE of 23.62, below the sector average, with a return on equity of 25.19%.
Great Eastern Shipping: 47.03% Profit CAGR Since FY22
The Great Eastern Shipping Company owns and operates crude tankers, product tankers and dry bulk carriers and also has an offshore business. It reported FY26 revenue of Rs 6,312.42 crore, up 2.53% year on year, and net profit of Rs 2,942.52 crore, up 25.52%. Net profit has compounded at 47.03% a year since FY22, while revenue has grown 14.53% a year. Operating margin was 66.75% in FY26. The debt-to-equity ratio is 0.06, which keeps interest costs low.
The stock trades at a PE of 5.65 against an industry PE of 8.87, below the sector average, with a return on equity of 17.35%. The dividend yield is 2.37%. In the June 2026 quarter, revenue rose 71.01% to Rs 2,286.21 crore and net profit grew 159.43% to Rs 1,308.84 crore. The share price has gained 330.69% over five years and 42.23% over the past year. Foreign investors raised their holding from 24.88% in September 2025 to 29.52% in September 2026.
Low Debt Stocks With PE Below 25: Financial Comparison on Growth and Margins
The table compares scale and growth across these low debt stocks with PE below 25. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| LIC | 9,90,211.25 | 57,453.15 | 10.23% | 7.96% | 6.97% | 12.00% |
| NALCO | 18,508.88 | 5,797.01 | 7.96% | 6.33% | 39.31% | 54.34% |
| Force Motors | 9,167.51 | 1,211.75 | 12.79% | 29.18% | 6.71% | 15.19% |
| Great Eastern Shipping | 6,312.42 | 2,942.52 | 2.53% | 14.53% | 71.01% | 80.71% |
Check the Univest Screener for live data on these low debt stocks with PE below 25
Institutional Holding in LIC, NALCO, Force Motors and Great Eastern Shipping
Institutional holding shows who is backing these low debt stocks with PE below 25 alongside the promoter. The table uses the latest reported quarter for each. Great Eastern Shipping has the deepest institutional backing, with FII and DII together holding 41.14% as of September 2026. Domestic institutions increased their holding over the past year in LIC (from 1.36% to 6.17%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| LIC | 90.00% | 1.55% | 6.17% | 2.28% | September 2026 |
| NALCO | 51.28% | 21.99% | 11.22% | 15.51% | June 2026 |
| Force Motors | 61.63% | 9.52% | 1.46% | 27.39% | June 2026 |
| Great Eastern Shipping | 30.07% | 29.52% | 11.62% | 28.79% | September 2026 |
Risks to Weigh in Low Debt Stocks With PE Below 25
Being careful with low debt stocks with PE below 25 means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Low Debt Stocks With PE Below 25
Picking from low debt stocks with PE below 25 comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (8.87 to 23.62) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among low debt stocks with PE below 25, LIC stands out for the highest return on equity at 32.53%, NALCO for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00, Force Motors for the biggest five-year price gain at 1046.45% and Great Eastern Shipping for the strongest latest-quarter profit growth at 159.43%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing low debt stocks with PE below 25 should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Low Debt Stocks With PE Below 25 to Watch
Which are the best low debt stocks with PE below 25 to watch for multibagger potential?
Ans. LIC, NALCO, Force Motors and Great Eastern Shipping are the 4 names this list highlights, with market caps of Rs 4,98,410 crore, Rs 58,974 crore, Rs 23,126 crore and Rs 21,175 crore respectively. LIC is notable for the highest return on equity at 32.53%. NALCO stands out for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00. Force Motors offers the biggest five-year price gain at 1046.45%. Great Eastern Shipping brings the strongest latest-quarter profit growth at 159.43%. These are watchlist names for low debt stocks with PE below 25, not recommendations, so match each one to your own risk profile and time horizon.
Is LIC a good stock for long-term investors?
Ans. LIC has a return on equity of 32.53%, a PE of 8.30 against an industry PE of 10.47 and a market cap of Rs 4,98,410 crore. Net profit has compounded at 93.19% a year since FY22, and FY26 revenue rose 10.23% while June 2026 quarter net profit grew 23.98%. Long-term returns in low debt stocks with PE below 25 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Great Eastern Shipping become a multibagger from here?
Ans. Great Eastern Shipping has already gained 330.69% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in low debt stocks with PE below 25 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 47.03% a year since FY22, and FY26 revenue rose 2.53%. At a PE of 5.65 against an industry PE of 8.87, valuation should be checked against that growth before investing.
What is the market cap of LIC, NALCO, Force Motors and Great Eastern Shipping?
Ans. As of 21 October 2026, LIC has a market cap of Rs 4,98,410 crore, NALCO has a market cap of Rs 58,974 crore, Force Motors has a market cap of Rs 23,126 crore and Great Eastern Shipping has a market cap of Rs 21,175 crore. LIC is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on low debt stocks with PE below 25.
What are the risks of investing in low debt stocks with PE below 25?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.
Is Great Eastern Shipping trading below its industry PE?
Ans. Great Eastern Shipping trades at a PE of 5.65 against an industry PE of 8.87. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 47.03% a year since FY22 and FY26 revenue rose 2.53%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in LIC, NALCO, Force Motors and Great Eastern Shipping?
Ans. As of the latest reported quarter, FII and DII together hold 7.72% of LIC (1.55% and 6.17%), 33.21% of NALCO (21.99% and 11.22%), 10.98% of Force Motors (9.52% and 1.46%) and 41.14% of Great Eastern Shipping (29.52% and 11.62%). Rising institutional holding is a useful signal in low debt stocks with PE below 25, though it should be read with earnings trends rather than on its own.
