Synopsis: FIIs raised stakes in debt-free companies like Force Motors, G M Breweries, Brightcom Group, Syncom Formulations, Shilchar Technologies, Steelcast, Fineotex Chemical, and Savita Oil Technologies during Q3 FY26, signalling confidence in their financial strength.
Foreign Institutional Investors (FIIs) showed strong confidence in several Indian companies during Q3 FY26 by increasing their holdings. Interestingly, many of these companies are debt-free, which makes them financially stable and attractive for long-term investment. Rising FII stakes often signal positive market sentiment and trust in a company’s growth potential. Here are debt-free stocks with FII increased stake ups to x% in Q3 FY26
With a market capitalisation of Rs 26,893 crore, the shares of Force Motors Limited were currently trading at Rs 20,400 per equity share, falling nearly 5 per cent from its previous day’s close price of Rs 21,549.50.
Force Motors Limited is a debt-free company with zero borrowings. Foreign institutional investors have increased their stake in Force Motors Limited from 10.27 per cent in September 2025 to a 10.46 per cent stake in December 2025, an increase of 0.19 per cent.
Force Motors Limited was founded in 1958 by industrialist Shri Navalmal Kundanmal Firodia and is an Indian automotive manufacturer headquartered in Pune, Maharashtra. The company designs, develops, and produces commercial and utility vehicles, engines, and automotive aggregates.
G M Breweries Limited
With a market capitalisation of Rs 2,200 crore, the shares of G.M. Breweries Limited were currently trading at Rs 966 per equity share, falling nearly 3.5 per cent from its previous day’s closing price of Rs 1001.15.
G M Breweries Limited is a debt-free company with zero borrowings. Foreign institutional investors have increased their stake in G M Breweries Limited from 0.37 per percent in September 2025 to a 1.20 per cent stake in December 2025, an increase of 0.83 per percent.
G M Breweries Limited was founded in 1981 and is an Indian alcoholic beverage company known primarily for manufacturing and marketing country liquor and Indian-made foreign liquor (IMFL). Based in Mumbai, it is among the prominent producers serving the Maharashtra region, emphasizing affordable spirits for mass-market consumers.
With a market capitalisation of Rs 1,858 crore, the shares of Brightcom Group Limited were currently trading at Rs 9.21 per equity share, falling nearly 3.86 per cent from their previous day’s close price of Rs 9.58.
Brightcom Group Limited is a debt-free company with zero borrowings. Foreign institutional investors have increased their stake in Brightcom Group Limited from 1.59 per percent in September 2025 to a 1.67 per cent stake in December 2025, an increase of 0.08 per cent.
Brightcom Group Limited was incorporated in 1999 and is an Indian-listed digital marketing and advertising technology company that provides programmatic ad-tech and media solutions to brands, agencies, and online publishers worldwide. It focuses on helping advertisers reach audiences across web, mobile, video, and other digital channels using data-driven targeting and proprietary platforms.
With a market capitalisation of Rs 1,135 crore, the shares of Syncom Formulations (India) Limited were currently trading at Rs 12.08 per equity share, falling nearly 2.42 per cent from its previous day’s closing price of Rs 12.38.
Syncom Formulations (India) Limited is a debt-free company with zero borrowings. Foreign institutional investors have increased their stake in Syncom Formulations (India) Limited from 0.10 per cent in September 2025 to a 0.26 per cent stake in December 2025, an increase of 0.16 per cent.
Syncom Formulations (India) Limited manufactures and markets generic pharmaceutical formulations for domestic and international markets. It focuses on a wide basket of dosage forms and serves both branded generics and institutional buyers in India and multiple overseas geographies.
Shilchar Technologies Limited
With a market capitalisation of Rs 4,278 crore, the shares of Shilchar Technologies Limited were currently trading at Rs 3,740 per equity share, falling nearly 2.5 per cent from their previous day’s close price of Rs 3,834.
Shilchar Technologies Limited is a debt-free company with zero borrowings. Foreign institutional investors have increased their stake in Shilchar Technologies Limited from 2.73 per cent in September 2025 to a 2.75 per cent stake in December 2025, an increase of 0.02 per percent.
Shilchar Technologies Limited is an Indian manufacturer of power, distribution, electronics, and telecom transformers, headquartered in Vadodara, Gujarat. It supplies transformers to utilities, renewable energy projects, and industrial customers in India and abroad.
Steelcast Limited
With a market capitalisation of Rs 2,261 crore, the shares of Steelcast Limited were currently trading at Rs 223.40 per equity share, falling nearly 2.6 per cent from its previous day’s close price of Rs 229.35.
Steelcast Limited is a debt-free company with zero borrowings. Foreign institutional investors have increased their stake in Steelcast Limited from 0.19 per cent in September 2025 to a 0.22 per cent stake in December 2025, an increase of 0.03 per cent.
Steelcast Limited is an Indian public company that manufactures steel and alloy steel castings, headquartered in Bhavnagar, Gujarat. It supplies critical wear- and abrasion-resistant castings to heavy industries in India and overseas, especially original equipment manufacturers (OEMs) in mining, construction, railways, and energy.
Fineotex Chemical Limited
With a market capitalisation of Rs 2,500 crore, the shares of Fineotex Chemical Limited were currently trading at Rs 21.90 per equity share, falling nearly 2.62 per cent from its previous day’s close price of Rs 22.49 .
Fineotex Chemical Limited is a debt-free company with zero borrowings. Foreign institutional investors have increased their stake in Fineotex Chemical Limited from 2.53 per cent in September 2025 to a 2.95 per cent stake in December 2025, an increase of 0.42 per cent.
Fineotex Chemical Limited was founded in 1979 by Mr. Surendra Tibrewala and is an Indian public company in the specialty chemicals industry, headquartered in Mumbai. It focuses on specialty performance chemicals and enzymes, especially for the textile and garment value chain, and has grown into a multi-industry solutions provider with global operations.
Savita Oil Technologies Limited
With a market capitalisation of Rs 2,242 crore, the shares of Savita Oil Technologies Limited were currently trading at Rs 327 per equity share, falling nearly 4 per cent from their previous day’s close price of Rs 341.05.
Savita Oil Technologies Limited is a debt-free company with zero borrowings. Foreign institutional investors have increased their stake in Savita Oil Technologies Limited from 0.83 per cent in September 2025 to a 0.87 per cent stake in December 2025, an increase of 0.04 per cent.
Savita Oil Technologies Limited was founded in 1961 and is an Indian specialty petroleum and lubricants company headquartered in Mumbai. It focuses on transformer oils, white and mineral oils, automotive and industrial lubricants, and related petroleum specialties, with a growing presence in renewable energy via wind power.
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