Undervalued Stocks in India
50 stocks · NSE & BSE · Updated daily
In a market brimming with opportunities, identifying undervalued stocks is key to maximizing returns. Our curated list focuses on NSE/BSE-listed companies trading below their intrinsic value, offering significant upside potential. We filter for robust financial health, superior return metrics, and attractive valuations relative to peers.
We meticulously screen over 5,000 Indian equities to pinpoint companies with low Price-to-Earnings (P/E) ratios compared to their industry benchmarks, coupled with a Return on Equity (ROE) exceeding 15%. This approach targets businesses demonstrating strong fundamentals and operational efficiency, often overlooked by the broader market. The 'Bull Run' page presents these opportunities with essential data like current price, P/E, ROE, market capitalization, and our proprietary Bull Run score, empowering informed investment decisions.
What to watch on this page
Compare valuation with return ratios, debt, cash flow, sector conditions, and the reasons the market may be discounting the business. Interrogate the discount before admiring it — the market is frequently right for reasons that are not immediately visible.
| # | Company | Price | 1D Change | P/E | Market Cap | Score |
|---|---|---|---|---|---|---|
| 1 | Tata Motors Passenger Vehicles Limited | ₹301.00 | -0.86% | 0.0x | ₹111K Cr | 0 |
| 2 | SIGMA ADVANCED SYSTEMS LIMITED | ₹817.05 | +2.82% | 88.4x | ₹143997K Cr | |
| 3 | LTM Limited | ₹4233.00 | -2.61% | 24.0x | ₹125K Cr | |
| 4 | SML Mahindra Limited | ₹5971.50 | -4.52% | 55.3x | ₹9K Cr | |
| 5 | Shipping Corporation Of India Limited | ₹266.90 | -0.80% | 7.7x | ₹12K Cr | |
| 6 | Lodha Developers Limited | ₹1087.40 | +2.12% | 26.3x | ₹109K Cr | |
| 7 | JSW Dulux Limited | ₹3082.00 | -1.65% | 7.2x | ₹14K Cr | |
| 8 | HBL Engineering Limited Other Industrial Products | ₹704.65 | -2.15% | 36.4x | ₹20K Cr | |
| 9 | Tips Music Limited Media & Entertainment | ₹654.55 | -0.70% | 39.0x | ₹8K Cr | |
| 10 | BLS International Services Limited Tour, Travel Related Services | ₹226.74 | -0.77% | 13.2x | ₹9K Cr | |
| 11 | Sun Pharma Advanced Research Company Limited Pharmaceuticals | ₹185.59 | -1.28% | 3.8x | ₹6K Cr | |
| 12 | Lupin Limited Pharmaceuticals | ₹2045.00 | -0.88% | 16.9x | ₹94K Cr | |
| 13 | Hindustan Copper Limited Copper | ₹481.60 | -2.13% | 41.0x | ₹47K Cr | |
| 14 | Sharda Cropchem Limited Pesticides & Agrochemicals | ₹745.50 | -1.05% | 10.7x | ₹7K Cr | |
| 15 | Garden Reach Shipbuilders & Engineers Limited Aerospace & Defense | ₹2314.60 | -1.87% | 33.1x | ₹27K Cr | |
| 16 | Waaree Energies Limited Other Electrical Equipment | ₹2501.00 | -2.11% | 18.8x | ₹72K Cr | |
| 17 | FORCE MOTORS LTD Passenger Cars & Utility Vehicles | ₹17383.00 | +0.80% | 18.3x | ₹23K Cr | |
| 18 | Jamna Auto Industries Limited Auto Components & Equipments | ₹128.55 | -0.40% | 21.9x | ₹5K Cr | |
| 19 | Himadri Speciality Chemical Limited Carbon Black | ₹652.80 | +2.44% | 40.9x | ₹33K Cr | |
| 20 | Travel Food Services Limited Restaurants | ₹1215.30 | -0.99% | 33.6x | ₹16K Cr | |
| 21 | Mazagon Dock Shipbuilders Limited Ship Building & Allied Services | ₹2231.90 | -0.18% | 31.5x | ₹90K Cr | |
| 22 | Knowledge Marine & Engineering Works Limited Dredging | ₹2708.70 | -0.80% | 45.9x | ₹7K Cr | |
| 23 | Eicher Motors Limited 2/3 Wheelers | ₹7500.00 | +0.64% | 35.6x | ₹206K Cr | |
| 24 | eClerx Services Limited Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) | ₹1961.20 | +3.50% | 16.6x | ₹18K Cr | |
| 25 | Fiem Industries Limited Auto Components & Equipments | ₹1927.90 | -0.53% | 19.3x | ₹5K Cr | |
| 26 | Varun Beverages Limited Other Beverages | ₹410.40 | +0.20% | 41.0x | ₹139K Cr | |
| 27 | Coal India Limited Coal | ₹422.25 | +0.72% | 8.3x | ₹260K Cr | |
| 28 | Multi Commodity Exchange of India Limited Exchange and Data Platform | ₹3211.20 | +1.19% | 55.4x | ₹74K Cr | |
| 29 | Prudent Corporate Advisory Services Limited Financial Products Distributor | ₹3326.10 | +2.29% | 56.2x | ₹14K Cr | |
| 30 | Emmvee Photovoltaic Power Limited | ₹321.70 | -2.08% | 16.7x | ₹22K Cr | |
| 31 | Megasoft Ltd Other Telecom Services | ₹745.00 | +0.00% | 35.6x | ₹10K Cr | |
| 32 | Jeena Sikho Lifecare Limited Pharmaceuticals | ₹497.05 | -0.64% | 26.1x | ₹6K Cr | |
| 33 | Caplin Point Laboratories Limited Pharmaceuticals | ₹2583.00 | +0.48% | 29.5x | ₹20K Cr | |
| 34 | Sharda Motor Industries Limited Auto Components & Equipments | ₹930.55 | -0.28% | 16.1x | ₹5K Cr | |
| 35 | CG Power and Industrial Solutions Limited Heavy Electrical Equipment | ₹851.55 | -0.75% | 107.2x | ₹134K Cr | |
| 36 | NMDC Limited Industrial Minerals | ₹80.32 | -0.22% | 9.5x | ₹71K Cr | |
| 37 | Bajaj Auto Limited 2/3 Wheelers | ₹11593.00 | +1.48% | 27.5x | ₹324K Cr | |
| 38 | Solar Industries India Limited Explosives | ₹18900.00 | -1.82% | 85.9x | ₹171K Cr | |
| 39 | Seshaasai Technologies Limited | ₹361.20 | +0.28% | 21.8x | ₹6K Cr | |
| 40 | LTIMindtree Limited Computers - Software & Consulting | ₹4380.60 | +0.00% | 21.4x | ₹120K Cr | |
| 41 | Zydus Lifesciences Limited Pharmaceuticals | ₹1107.50 | +0.77% | 24.7x | ₹111K Cr | |
| 42 | Muthoot Finance Limited Non Banking Financial Company (NBFC) | ₹2771.40 | +1.80% | 9.8x | ₹111K Cr | |
| 43 | Kovai Medical Center & Hospital Limited Hospital | ₹6088.00 | +1.15% | 26.8x | ₹7K Cr | |
| 44 | Stylam Industries Limited Plywood Boards/ Laminates | ₹3188.10 | -2.84% | 31.9x | ₹5K Cr | |
| 45 | Cummins India Limited Compressors, Pumps & Diesel Engines | ₹4940.00 | +1.35% | 57.9x | ₹137K Cr | |
| 46 | Hitachi Energy India Limited Heavy Electrical Equipment | ₹30200.00 | -1.92% | 117.0x | ₹135K Cr | |
| 47 | The Bombay Burmah Trading Corporation Limited Packaged Foods | ₹1416.70 | +0.02% | 7.7x | ₹10K Cr | |
| 48 | Escorts Kubota Limited Tractors | ₹2815.60 | -0.71% | 22.4x | ₹32K Cr | |
| 49 | Bharat Electronics Limited Aerospace & Defense | ₹385.75 | +0.74% | 45.9x | ₹282K Cr | |
| 50 | International Gemological Institute Limited Diversified Commercial Services | ₹314.40 | +0.42% | 22.3x | ₹14K Cr |
Frequently Asked Questions
What is the difference between an undervalued and a cheap stock?
Cheap is a valuation label. Undervalued is an investment thesis — it assumes the business is stronger than the market currently believes. A stock can be cheap for very good reasons that make it a value trap.
How do investors avoid value traps?
By checking balance-sheet strength, cash-flow quality, earnings durability, and whether the low multiple reflects temporary fear or permanent structural weakness.
What metrics identify potentially undervalued stocks in India?
Low P/E relative to industry peers, strong ROE above 15%, manageable debt-to-equity, consistent revenue growth, and free cash flow generation are common starting signals.
Are undervalued stocks always a good buy?
Not automatically. A stock trading below peers may be cheap because the business is deteriorating or sector faces structural headwinds. Undervaluation is a starting hypothesis, not a conclusion.