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 | SIGMA ADVANCED SYSTEMS LIMITED | ₹890.60 | -3.31% | 96.4x | ₹156959K Cr | 0 |
| 2 | Tata Motors Passenger Vehicles Limited | ₹265.40 | -0.23% | 0.0x | ₹98K Cr | |
| 3 | LTM Limited | ₹4233.50 | +3.39% | 24.0x | ₹125K Cr | |
| 4 | SML Mahindra Limited | ₹4724.50 | -2.55% | 43.7x | ₹7K Cr | |
| 5 | Atlanta Electricals Limited | ₹1589.20 | -4.67% | 27.6x | ₹12K Cr | |
| 6 | Hindustan Copper Limited Copper | ₹400.85 | -2.78% | 34.1x | ₹39K Cr | |
| 7 | Knowledge Marine & Engineering Works Limited Dredging | ₹3094.80 | +0.18% | 52.4x | ₹8K Cr | |
| 8 | Vadilal Industries Limited Dairy Products | ₹7492.50 | -1.15% | 24.6x | ₹5K Cr | |
| 9 | Adani Power Limited Integrated Power Utilities | ₹189.00 | -1.15% | 25.6x | ₹364K Cr | |
| 10 | Aegis Logistics Limited Trading - Gas | ₹1096.70 | -6.96% | 30.8x | ₹38K Cr | |
| 11 | Eicher Motors Limited 2/3 Wheelers | ₹7220.00 | -0.25% | 34.3x | ₹198K Cr | |
| 12 | Megasoft Ltd Other Telecom Services | ₹745.00 | +0.00% | 35.6x | ₹10K Cr | |
| 13 | Travel Food Services Limited Restaurants | ₹1152.50 | +0.35% | 31.9x | ₹15K Cr | |
| 14 | Himadri Speciality Chemical Limited Carbon Black | ₹509.20 | -5.04% | 31.9x | ₹26K Cr | |
| 15 | Bajaj Auto Limited 2/3 Wheelers | ₹10350.00 | -0.32% | 24.6x | ₹289K Cr | |
| 16 | Chennai Petroleum Corporation Limited Refineries & Marketing | ₹1511.50 | -0.02% | 5.4x | ₹23K Cr | |
| 17 | Garden Reach Shipbuilders & Engineers Limited Aerospace & Defense | ₹1943.70 | +1.07% | 27.8x | ₹22K Cr | |
| 18 | Emmvee Photovoltaic Power Limited | ₹229.00 | -6.03% | 11.9x | ₹16K Cr | |
| 19 | Solar Industries India Limited Explosives | ₹18800.00 | -3.24% | 85.4x | ₹170K Cr | |
| 20 | Timex Group India Limited Gems, Jewellery And Watches | ₹605.70 | -3.17% | 70.8x | ₹6K Cr | |
| 21 | Polycab India Limited Cables - Electricals | ₹7787.00 | +0.54% | 40.7x | ₹117K Cr | |
| 22 | Mazagon Dock Shipbuilders Limited Ship Building & Allied Services | ₹1705.30 | -3.26% | 24.1x | ₹69K Cr | |
| 23 | Kovai Medical Center & Hospital Limited Hospital | ₹5816.00 | -1.36% | 26.8x | ₹7K Cr | |
| 24 | Pearl Global Industries Limited Garments & Apparels | ₹1192.60 | +0.15% | 17.7x | ₹6K Cr | |
| 25 | BLS International Services Limited Tour, Travel Related Services | ₹209.22 | -4.63% | 12.2x | ₹9K Cr | |
| 26 | GE Vernova T&D India Limited Heavy Electrical Equipment | ₹4020.00 | -1.74% | 78.9x | ₹103K Cr | |
| 27 | Multi Commodity Exchange of India Limited Exchange and Data Platform | ₹3188.80 | -1.31% | 55.4x | ₹74K Cr | |
| 28 | BSE Limited Exchange and Data Platform | ₹3510.40 | +0.24% | 51.1x | ₹143K Cr | |
| 29 | Lupin Limited Pharmaceuticals | ₹2011.00 | +1.06% | 16.6x | ₹92K Cr | |
| 30 | R R Kabel Limited Cables - Electricals | ₹2055.70 | -3.17% | 38.3x | ₹23K Cr | |
| 31 | V2 Retail Limited Speciality Retail | ₹147.47 | -4.68% | 4.1x | ₹5K Cr | |
| 32 | Lodha Developers Limited | ₹1037.00 | -0.84% | 25.1x | ₹104K Cr | |
| 33 | Nippon Life India Asset Management Limited Asset Management Company | ₹905.00 | -2.05% | 35.2x | ₹58K Cr | |
| 34 | Krishana Phoschem Limited Fertilizers | ₹228.55 | +2.66% | 8.9x | ₹7K Cr | |
| 35 | Marksans Pharma Limited Pharmaceuticals | ₹306.20 | -2.90% | 26.8x | ₹14K Cr | |
| 36 | Gokul Agro Resources Limited Edible Oil | ₹214.47 | -0.95% | 12.1x | ₹6K Cr | |
| 37 | Siemens Limited Heavy Electrical Equipment | ₹3303.00 | -1.87% | 34.4x | ₹118K Cr | |
| 38 | Lloyds Metals And Energy Limited Industrial Minerals | ₹1825.30 | -0.09% | 20.7x | ₹103K Cr | |
| 39 | Caplin Point Laboratories Limited Pharmaceuticals | ₹2325.60 | -2.13% | 26.6x | ₹18K Cr | |
| 40 | TBO Tek Limited Tour, Travel Related Services | ₹1532.20 | -1.14% | 61.9x | ₹17K Cr | |
| 41 | Emcure Pharmaceuticals Limited Pharmaceuticals | ₹1871.80 | +0.36% | 35.1x | ₹36K Cr | |
| 42 | Kalyan Jewellers India Limited Gems, Jewellery And Watches | ₹498.00 | -3.30% | 35.8x | ₹51K Cr | |
| 43 | Welspun Corp Limited Iron & Steel Products | ₹2341.60 | -6.30% | 26.7x | ₹62K Cr | |
| 44 | Fine Organic Industries Limited Specialty Chemicals | ₹5049.00 | -2.00% | 35.3x | ₹15K Cr | |
| 45 | Ingersoll Rand (India) Limited Compressors, Pumps & Diesel Engines | ₹4028.30 | +2.35% | 47.8x | ₹13K Cr | |
| 46 | SPR Auto Technologies Limited Auto Components & Equipments | ₹4373.60 | -2.38% | 34.2x | ₹19K Cr | |
| 47 | Gabriel India Limited Auto Components & Equipments | ₹1425.00 | -1.43% | 73.8x | ₹25K Cr | |
| 48 | Kingfa Science & Technology (India) Limited Plastic Products - Industrial | ₹6783.00 | -1.54% | 40.7x | ₹9K Cr | |
| 49 | The Great Eastern Shipping Company Limited Shipping | ₹1593.60 | -1.56% | 6.1x | ₹23K Cr | |
| 50 | Action Construction Equipment Limited Construction Vehicles | ₹994.70 | -3.15% | 27.1x | ₹12K 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.