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 | ₹96.39 | -2.61% | 1.0x | ₹3K Cr | 58 |
| 2 | Tata Motors Ltd Passenger Cars & Utility Vehicles | ₹363.25 | +0.00% | 1.4x | ₹123K Cr | |
| 3 | Mukand Limited Iron & Steel | ₹141.45 | -5.47% | 3.2x | ₹2K Cr | |
| 4 | Sun Pharma Advanced Research Company Limited Pharmaceuticals | ₹176.46 | -3.56% | 3.6x | ₹6K Cr | |
| 5 | Websol Energy System Limited Other Electrical Equipment | ₹65.63 | -1.99% | 3.8x | ₹3K Cr | |
| 6 | Power Finance Corporation Limited Financial Institution | ₹313.60 | -2.18% | 4.0x | ₹103K Cr | |
| 7 | V2 Retail Limited Speciality Retail | ₹147.47 | -4.68% | 4.1x | ₹5K Cr | |
| 8 | PNC Infratech Limited Civil Construction | ₹123.93 | -7.50% | 4.3x | ₹3K Cr | |
| 9 | REC Limited Financial Institution | ₹285.60 | -3.56% | 4.7x | ₹75K Cr | |
| 10 | Vedanta Limited Diversified Metals | ₹237.90 | +1.43% | 4.7x | ₹93K Cr | |
| 11 | LIC Housing Finance Limited Housing Finance Company | ₹493.70 | -3.95% | 4.7x | ₹27K Cr | |
| 12 | Dilip Buildcon Limited Civil Construction | ₹375.80 | -0.78% | 4.8x | ₹6K Cr | |
| 13 | Angel One Limited Stockbroking & Allied | ₹282.25 | -3.88% | 4.8x | ₹26K Cr | |
| 14 | Gujarat Industries Power Company Limited Power Generation | ₹160.00 | -2.91% | 4.9x | ₹2K Cr | |
| 15 | Bank of India Public Sector Bank | ₹132.86 | -2.09% | 5.1x | ₹60K Cr | |
| 16 | Canara Bank Public Sector Bank | ₹117.54 | -1.88% | 5.2x | ₹107K Cr | |
| 17 | Indian Oil Corporation Limited Refineries & Marketing | ₹130.15 | -0.20% | 5.3x | ₹184K Cr | |
| 18 | Chennai Petroleum Corporation Limited Refineries & Marketing | ₹1511.50 | -0.02% | 5.4x | ₹23K Cr | |
| 19 | The Jammu & Kashmir Bank Limited Private Sector Bank | ₹117.19 | -4.14% | 5.6x | ₹13K Cr | |
| 20 | Panama Petrochem Limited Lubricants | ₹450.60 | -1.16% | 5.7x | ₹3K Cr | |
| 21 | Central Bank of India Public Sector Bank | ₹28.73 | -1.68% | 5.7x | ₹26K Cr | |
| 22 | Samhi Hotels Limited Hotels & Resorts | ₹151.26 | -2.71% | 5.9x | ₹3K Cr | |
| 23 | The Great Eastern Shipping Company Limited Shipping | ₹1593.60 | -1.56% | 6.1x | ₹23K Cr | |
| 24 | The Bombay Burmah Trading Corporation Limited Packaged Foods | ₹1147.20 | -2.85% | 6.2x | ₹8K Cr | |
| 25 | Bansal Wire Industries Limited Iron & Steel Products | ₹57.40 | -0.86% | 6.3x | ₹4K Cr | |
| 26 | Punjab National Bank Public Sector Bank | ₹122.85 | -0.85% | 6.4x | ₹141K Cr | |
| 27 | Satin Creditcare Network Limited Microfinance Institutions | ₹238.91 | -4.88% | 6.4x | ₹3K Cr | |
| 28 | Oil & Natural Gas Corporation Limited Oil Exploration & Production | ₹225.39 | -0.18% | 6.5x | ₹284K Cr | |
| 29 | General Insurance Corporation of India General Insurance | ₹310.85 | -3.55% | 6.7x | ₹64K Cr | |
| 30 | India Glycols Limited Breweries & Distilleries | ₹331.70 | +0.42% | 6.7x | ₹2K Cr | |
| 31 | Housing & Urban Development Corporation Limited Financial Institution | ₹143.07 | -3.09% | 6.7x | ₹29K Cr | |
| 32 | GHCL Limited Commodity Chemicals | ₹377.20 | -2.96% | 6.8x | ₹3K Cr | |
| 33 | Bank of Baroda Public Sector Bank | ₹238.60 | -1.12% | 6.8x | ₹124K Cr | |
| 34 | Union Bank of India Public Sector Bank | ₹186.00 | -0.27% | 6.9x | ₹142K Cr | |
| 35 | Shipping Corporation Of India Limited | ₹244.40 | -3.74% | 7.0x | ₹11K Cr | |
| 36 | Bharat Petroleum Corporation Limited Refineries & Marketing | ₹284.90 | -1.49% | 7.1x | ₹122K Cr | |
| 37 | Authum Investment & Infrastructure Limited Non Banking Financial Company (NBFC) | ₹492.15 | -1.60% | 7.2x | ₹42K Cr | |
| 38 | G R Infraprojects Limited Civil Construction | ₹754.85 | -2.59% | 7.2x | ₹7K Cr | |
| 39 | D.B.Corp Limited Print Media | ₹143.14 | -3.40% | 7.3x | ₹3K Cr | |
| 40 | Chambal Fertilizers & Chemicals Limited Fertilizers | ₹353.90 | -3.23% | 7.4x | ₹14K Cr | |
| 41 | Shrem Invit Civil Construction | ₹118.00 | +0.00% | 7.5x | ₹6K Cr | |
| 42 | Coal India Limited Coal | ₹389.00 | -1.04% | 7.7x | ₹240K Cr | |
| 43 | CSB Bank Limited Private Sector Bank | ₹295.85 | -3.82% | 7.7x | ₹5K Cr | |
| 44 | Maithan Alloys Limited Ferro & Silica Manganese | ₹772.95 | -2.78% | 7.7x | ₹2K Cr | |
| 45 | Bank of Maharashtra Public Sector Bank | ₹81.36 | +0.44% | 7.8x | ₹63K Cr | |
| 46 | DCB Bank Limited Private Sector Bank | ₹192.61 | -3.60% | 7.8x | ₹6K Cr | |
| 47 | The Karnataka Bank Limited Private Sector Bank | ₹298.20 | -2.49% | 7.8x | ₹11K Cr | |
| 48 | PTC India Limited Power Trading | ₹136.17 | -3.44% | 7.9x | ₹4K Cr | |
| 49 | NMDC Limited Industrial Minerals | ₹67.34 | -0.30% | 7.9x | ₹59K Cr | |
| 50 | Tamilnad Mercantile Bank Limited Private Sector Bank | ₹801.35 | -1.29% | 8.0x | ₹13K 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.