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 | ₹113.43 | +4.26% | 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 | ₹193.92 | +0.39% | 4.0x | ₹6K Cr | |
| 4 | Websol Energy System Limited Other Electrical Equipment | ₹72.94 | +1.67% | 4.3x | ₹3K Cr | |
| 5 | Power Finance Corporation Limited Financial Institution | ₹342.55 | -0.70% | 4.3x | ₹113K Cr | |
| 6 | Repco Home Finance Limited Housing Finance Company | ₹354.50 | +2.37% | 4.6x | ₹2K Cr | |
| 7 | PNC Infratech Limited Civil Construction | ₹138.87 | -0.49% | 4.9x | ₹4K Cr | |
| 8 | Chennai Petroleum Corporation Limited Refineries & Marketing | ₹1416.60 | +0.18% | 5.1x | ₹21K Cr | |
| 9 | Angel One Limited Stockbroking & Allied | ₹299.10 | +1.39% | 5.1x | ₹27K Cr | |
| 10 | Taj GVK Hotels & Resorts Limited Hotels & Resorts | ₹334.70 | +0.39% | 5.1x | ₹2K Cr | |
| 11 | REC Limited Financial Institution | ₹312.00 | +0.48% | 5.1x | ₹82K Cr | |
| 12 | LIC Housing Finance Limited Housing Finance Company | ₹548.15 | +0.41% | 5.3x | ₹30K Cr | |
| 13 | Vedanta Limited Diversified Metals | ₹267.60 | +3.94% | 5.3x | ₹105K Cr | |
| 14 | Dilip Buildcon Limited Civil Construction | ₹425.50 | +4.20% | 5.4x | ₹7K Cr | |
| 15 | Bank of India Public Sector Bank | ₹140.00 | +1.32% | 5.4x | ₹64K Cr | |
| 16 | The Great Eastern Shipping Company Limited Shipping | ₹1432.10 | +0.49% | 5.5x | ₹20K Cr | |
| 17 | Indian Oil Corporation Limited Refineries & Marketing | ₹137.00 | +2.03% | 5.6x | ₹193K Cr | |
| 18 | Canara Bank Public Sector Bank | ₹123.78 | -0.10% | 5.7x | ₹112K Cr | |
| 19 | Gujarat Industries Power Company Limited Power Generation | ₹188.35 | +1.20% | 5.8x | ₹3K Cr | |
| 20 | Satin Creditcare Network Limited Microfinance Institutions | ₹219.32 | -0.23% | 5.9x | ₹2K Cr | |
| 21 | Panama Petrochem Limited Lubricants | ₹470.20 | +2.27% | 5.9x | ₹3K Cr | |
| 22 | V2 Retail Limited Speciality Retail | ₹214.03 | +1.73% | 6.0x | ₹8K Cr | |
| 23 | Punjab National Bank Public Sector Bank | ₹117.27 | +0.69% | 6.1x | ₹135K Cr | |
| 24 | Samhi Hotels Limited Hotels & Resorts | ₹161.98 | +3.39% | 6.3x | ₹4K Cr | |
| 25 | Central Bank of India Public Sector Bank | ₹31.73 | +4.38% | 6.3x | ₹29K Cr | |
| 26 | Union Bank of India Public Sector Bank | ₹176.56 | -0.86% | 6.5x | ₹135K Cr | |
| 27 | General Insurance Corporation of India General Insurance | ₹351.00 | +3.30% | 6.7x | ₹64K Cr | |
| 28 | Bank of Baroda Public Sector Bank | ₹234.94 | +1.14% | 6.7x | ₹122K Cr | |
| 29 | Oil & Natural Gas Corporation Limited Oil Exploration & Production | ₹232.80 | +0.16% | 6.7x | ₹293K Cr | |
| 30 | Krishana Phoschem Limited Fertilizers | ₹179.89 | -1.18% | 7.0x | ₹6K Cr | |
| 31 | The Jammu & Kashmir Bank Limited Private Sector Bank | ₹146.58 | -0.48% | 7.0x | ₹16K Cr | |
| 32 | JSW Dulux Limited | ₹3188.80 | +3.73% | 7.4x | ₹15K Cr | |
| 33 | Shrem Invit Civil Construction | ₹118.00 | +0.00% | 7.5x | ₹6K Cr | |
| 34 | GHCL Limited Commodity Chemicals | ₹421.70 | +0.38% | 7.6x | ₹4K Cr | |
| 35 | Bharat Petroleum Corporation Limited Refineries & Marketing | ₹314.00 | +2.28% | 7.8x | ₹134K Cr | |
| 36 | G R Infraprojects Limited Civil Construction | ₹825.90 | -0.38% | 7.9x | ₹8K Cr | |
| 37 | Shipping Corporation Of India Limited | ₹277.05 | +2.61% | 8.0x | ₹13K Cr | |
| 38 | The South Indian Bank Limited Private Sector Bank | ₹46.07 | +0.41% | 8.0x | ₹12K Cr | |
| 39 | Coal India Limited Coal | ₹409.90 | -1.94% | 8.1x | ₹253K Cr | |
| 40 | Authum Investment & Infrastructure Limited Non Banking Financial Company (NBFC) | ₹559.00 | +6.03% | 8.2x | ₹47K Cr | |
| 41 | The Bombay Burmah Trading Corporation Limited Packaged Foods | ₹1512.10 | +8.05% | 8.2x | ₹11K Cr | |
| 42 | Housing & Urban Development Corporation Limited Financial Institution | ₹174.92 | +3.17% | 8.2x | ₹35K Cr | |
| 43 | The Karnataka Bank Limited Private Sector Bank | ₹313.80 | -0.03% | 8.3x | ₹12K Cr | |
| 44 | Kama Holdings Limited Holding Company | ₹2249.90 | -1.27% | 8.5x | ₹8K Cr | |
| 45 | Bank of Maharashtra Public Sector Bank | ₹83.54 | +3.39% | 8.5x | ₹64K Cr | |
| 46 | Chambal Fertilizers & Chemicals Limited Fertilizers | ₹414.90 | +0.24% | 8.6x | ₹17K Cr | |
| 47 | CSB Bank Limited Private Sector Bank | ₹336.15 | +2.38% | 8.8x | ₹6K Cr | |
| 48 | EFC (I) Limited Diversified Commercial Services | ₹178.67 | +0.40% | 8.8x | ₹3K Cr | |
| 49 | Indian Bank Public Sector Bank | ₹839.80 | -0.08% | 8.8x | ₹113K Cr | |
| 50 | DCB Bank Limited Private Sector Bank | ₹218.35 | -0.07% | 8.9x | ₹7K 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.