Top 3 Debt Free Multibagger Penny Stocks in India Under Rs 10: These Stocks has Given 200 Per Cent Returns in Last 12 Months

These stocks are thinly traded and carry high risk due to their low market capitalisation and limited disclosure.

Retail investors often search for low-priced stocks with clean balance sheets and potential for long-term growth. Penny Stocks under Rs 10 that are debt-free and operating in interesting sectors can offer asymmetric opportunities, albeit with higher risk. Here are three such stocks that have delivered high 1-year returns while maintaining zero debt on their books.

1. Kashyap Tele-Medicines Ltd: Kashyap Tele-Medicines Ltd, trading at Rs 8.24, has delivered a 1-year return of over 280 per cent. The company, incorporated in 1976, operates in the Software & Services sector and is engaged in software sales, maintenance, and services. With a market capitalization of Rs 39.3 crore, the stock remains under the radar but has witnessed strong momentum in the past year.
2. Nibe Ordnance and Maritime Ltd: Trading at Rs 5.24, Nibe Ordnance and Maritime Ltd has generated a 1-year return of around 264 per cent. The company, established in 1984, is engaged in manufacturing armament products and belongs to the Textiles Apparels & Accessories sector — a legacy classification that doesn’t fully reflect its current business model. Despite its small market cap of Rs 0.8 crore, the stock has attracted attention due to its niche manufacturing segment and debt-free status.
3. G-Tech Info-Training Ltd: G-Tech Info-Training Ltd, priced at Rs 4.97, is another penny stock that has surged over 210 per cent in the last year. Incorporated in 1994, it operates in the Software & Services space, offering computer training and KPO/BPO outsourcing services. With a market cap of Rs 1.7 crore, the company is micro-cap but has benefited from digitalisation trends and a focus on service exports.

These stocks are thinly traded and carry high risk due to their low market capitalisation and limited disclosure. However, their debt-free structure and sharp price performance over the past year make them worth monitoring for investors seeking early-stage opportunities in India’s Small-Cap universe.

Disclaimer: The article is for informational purposes only and not investment advice.