Low PE Ratio Stocks in India
50 stocks · NSE & BSE · Updated daily
Identify fundamentally sound companies trading at a discount. Our Low PE Stocks screener filters for large and mid-cap Indian equities with Price-to-Earnings ratios below their industry average. These are stocks where earnings growth outpaces their current market valuation, signaling potential upside.
This curated list focuses on companies demonstrating consistent profitability, a crucial indicator of business resilience. By examining P/E ratios against sector benchmarks, we pinpoint potential value traps versus genuine bargains. The inclusion of ROE and market capitalization ensures a focus on established businesses with a track record of shareholder returns, rather than speculative micro-caps. These selections are ideal for investors seeking to capitalize on market inefficiencies and build a robust portfolio.
What to watch on this page
Low valuation becomes interesting only when paired with credible earnings, manageable debt, cash-flow support, and a reasonable explanation for market mispricing. Ask not only 'How cheap is it?' but 'Why is it cheap, and is that reason fading or getting worse?'
| # | Company | Price | 1D Change | P/E | Market Cap | Score |
|---|---|---|---|---|---|---|
| 1 | Ashoka Buildcon Limited Civil Construction | ₹108.76 | -2.34% | 1.2x | ₹3K Cr | 56 |
| 2 | Tata Motors Ltd Passenger Cars & Utility Vehicles | ₹363.25 | +0.00% | 1.4x | ₹123K Cr | |
| 3 | Sun Pharma Advanced Research Company Limited Pharmaceuticals | ₹185.59 | -1.28% | 3.8x | ₹6K Cr | |
| 4 | Websol Energy System Limited Other Electrical Equipment | ₹72.11 | -0.88% | 4.2x | ₹3K Cr | |
| 5 | Power Finance Corporation Limited Financial Institution | ₹346.00 | +0.58% | 4.4x | ₹114K Cr | |
| 6 | Repco Home Finance Limited Housing Finance Company | ₹346.70 | -0.59% | 4.5x | ₹2K Cr | |
| 7 | PNC Infratech Limited Civil Construction | ₹134.44 | -4.19% | 4.7x | ₹3K Cr | |
| 8 | Angel One Limited Stockbroking & Allied | ₹293.50 | -1.34% | 5.0x | ₹27K Cr | |
| 9 | Taj GVK Hotels & Resorts Limited Hotels & Resorts | ₹327.40 | +0.48% | 5.0x | ₹2K Cr | |
| 10 | Vedanta Limited Diversified Metals | ₹256.00 | -0.39% | 5.1x | ₹100K Cr | |
| 11 | REC Limited Financial Institution | ₹312.65 | +1.35% | 5.1x | ₹82K Cr | |
| 12 | Dilip Buildcon Limited Civil Construction | ₹406.20 | +1.65% | 5.2x | ₹7K Cr | |
| 13 | Chennai Petroleum Corporation Limited Refineries & Marketing | ₹1456.00 | -1.07% | 5.2x | ₹22K Cr | |
| 14 | LIC Housing Finance Limited Housing Finance Company | ₹543.00 | +0.18% | 5.2x | ₹30K Cr | |
| 15 | The Great Eastern Shipping Company Limited Shipping | ₹1391.60 | +0.09% | 5.3x | ₹20K Cr | |
| 16 | Bank of India Public Sector Bank | ₹137.81 | +0.15% | 5.3x | ₹63K Cr | |
| 17 | Indian Oil Corporation Limited Refineries & Marketing | ₹134.75 | +2.06% | 5.5x | ₹190K Cr | |
| 18 | Canara Bank Public Sector Bank | ₹123.20 | +0.68% | 5.6x | ₹112K Cr | |
| 19 | Panama Petrochem Limited Lubricants | ₹451.55 | +0.18% | 5.7x | ₹3K Cr | |
| 20 | Gujarat Industries Power Company Limited Power Generation | ₹185.14 | -1.68% | 5.7x | ₹3K Cr | |
| 21 | V2 Retail Limited Speciality Retail | ₹209.18 | -1.39% | 5.8x | ₹8K Cr | |
| 22 | Satin Creditcare Network Limited Microfinance Institutions | ₹217.88 | +1.40% | 5.8x | ₹2K Cr | |
| 23 | Central Bank of India Public Sector Bank | ₹30.39 | -0.23% | 6.0x | ₹28K Cr | |
| 24 | Punjab National Bank Public Sector Bank | ₹116.80 | +1.83% | 6.1x | ₹134K Cr | |
| 25 | Samhi Hotels Limited Hotels & Resorts | ₹160.27 | +4.94% | 6.2x | ₹4K Cr | |
| 26 | Union Bank of India Public Sector Bank | ₹178.20 | +1.83% | 6.6x | ₹136K Cr | |
| 27 | General Insurance Corporation of India General Insurance | ₹337.75 | -0.13% | 6.7x | ₹64K Cr | |
| 28 | Bank of Baroda Public Sector Bank | ₹234.98 | +0.98% | 6.7x | ₹122K Cr | |
| 29 | Oil & Natural Gas Corporation Limited Oil Exploration & Production | ₹236.80 | +0.36% | 6.8x | ₹298K Cr | |
| 30 | The Jammu & Kashmir Bank Limited Private Sector Bank | ₹147.66 | +2.01% | 7.1x | ₹16K Cr | |
| 31 | Krishana Phoschem Limited Fertilizers | ₹183.67 | +3.65% | 7.1x | ₹6K Cr | |
| 32 | JSW Dulux Limited | ₹3082.00 | -1.65% | 7.2x | ₹14K Cr | |
| 33 | Shrem Invit Civil Construction | ₹118.00 | +0.00% | 7.5x | ₹6K Cr | |
| 34 | GHCL Limited Commodity Chemicals | ₹418.85 | -1.02% | 7.5x | ₹4K Cr | |
| 35 | Bharat Petroleum Corporation Limited Refineries & Marketing | ₹303.35 | +1.57% | 7.6x | ₹130K Cr | |
| 36 | The Bombay Burmah Trading Corporation Limited Packaged Foods | ₹1416.70 | +0.02% | 7.7x | ₹10K Cr | |
| 37 | Shipping Corporation Of India Limited | ₹266.90 | -0.80% | 7.7x | ₹12K Cr | |
| 38 | Authum Investment & Infrastructure Limited Non Banking Financial Company (NBFC) | ₹528.95 | -0.17% | 7.7x | ₹45K Cr | |
| 39 | G R Infraprojects Limited Civil Construction | ₹819.05 | -2.28% | 7.8x | ₹8K Cr | |
| 40 | The South Indian Bank Limited Private Sector Bank | ₹45.19 | +0.42% | 7.8x | ₹12K Cr | |
| 41 | Housing & Urban Development Corporation Limited Financial Institution | ₹169.73 | +0.48% | 8.0x | ₹34K Cr | |
| 42 | Bank of Maharashtra Public Sector Bank | ₹80.21 | +0.82% | 8.2x | ₹62K Cr | |
| 43 | Coal India Limited Coal | ₹422.25 | +0.72% | 8.3x | ₹260K Cr | |
| 44 | The Karnataka Bank Limited Private Sector Bank | ₹318.20 | +0.71% | 8.4x | ₹12K Cr | |
| 45 | Gandhar Oil Refinery (India) Limited Lubricants | ₹258.95 | -0.58% | 8.4x | ₹3K Cr | |
| 46 | Chambal Fertilizers & Chemicals Limited Fertilizers | ₹409.10 | -1.81% | 8.5x | ₹16K Cr | |
| 47 | Kama Holdings Limited Holding Company | ₹2249.90 | -0.87% | 8.5x | ₹8K Cr | |
| 48 | CSB Bank Limited Private Sector Bank | ₹328.75 | +10.93% | 8.6x | ₹6K Cr | |
| 49 | EFC (I) Limited Diversified Commercial Services | ₹178.06 | -2.51% | 8.8x | ₹3K Cr | |
| 50 | PTC India Limited Power Trading | ₹151.96 | -0.30% | 8.8x | ₹4K Cr |
Frequently Asked Questions
Are low PE stocks better value by default?
No. Low PE can signal opportunity, but it can just as easily signal weak quality, cyclical risk, or deteriorating market confidence in the business's future earnings.
What should investors compare alongside PE ratio?
ROE, debt levels, free cash flow, earnings stability, sector cycle position, and how the business is valued relative to its own history and direct peers. PE in isolation is almost meaningless.
Which sectors typically have low PE stocks in India?
PSU banks, metals, utilities, and public sector enterprises often trade at lower PE multiples — reflecting sector headwinds, cyclicality, or structural discounting of government ownership.
What PE is considered low in the Indian stock market?
In India, a PE below 10-12x is often considered low relative to the broader market. However, sector averages vary significantly — 8x may be normal for a PSU bank but extremely cheap for an FMCG company.