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 | Reliance Infrastructure Ltd Integrated Power Utilities | ₹69.49 | +4.99% | 1.2x | ₹3K Cr | 33 |
| 2 | Tata Motors Ltd Passenger Cars & Utility Vehicles | ₹363.25 | +0.00% | 1.4x | ₹123K Cr | |
| 3 | Mukand Ltd Iron & Steel | ₹142.17 | -0.06% | 3.4x | ₹2K Cr | |
| 4 | Ashoka Buildcon Ltd Civil Construction | ₹119.89 | -0.37% | 4.5x | ₹4K Cr | |
| 5 | Hindustan Petroleum Corporation Limited Refineries & Marketing | ₹394.95 | +0.88% | 4.7x | ₹84K Cr | |
| 6 | Indian Oil Corporation Limited Refineries & Marketing | ₹144.00 | +1.69% | 4.7x | ₹198K Cr | |
| 7 | Bharat Petroleum Corporation Limited Refineries & Marketing | ₹326.25 | +0.69% | 5.1x | ₹134K Cr | |
| 8 | Power Finance Corporation Ltd Financial Institution | ₹418.00 | -0.48% | 5.2x | ₹134K Cr | |
| 9 | Sun Pharma Advanced Research Company Ltd Pharmaceuticals | ₹218.35 | +5.35% | 5.2x | ₹8K Cr | |
| 10 | Repco Home Finance Ltd Housing Finance Company | ₹385.95 | +0.76% | 5.4x | ₹3K Cr | |
| 11 | LIC Housing Finance Ltd Housing Finance Company | ₹512.05 | +0.01% | 5.4x | ₹30K Cr | |
| 12 | Chennai Petroleum Corporation Limited Refineries & Marketing | ₹1303.90 | -1.64% | 5.5x | ₹17K Cr | |
| 13 | Rec Ltd Financial Institution | ₹366.00 | -0.54% | 5.7x | ₹93K Cr | |
| 14 | Vedanta Ltd Diversified Metals | ₹277.00 | +2.97% | 5.9x | ₹102K Cr | |
| 15 | Bank of India Public Sector Bank | ₹141.00 | +0.40% | 6.3x | ₹66K Cr | |
| 16 | Gujarat Industries Power Company Ltd Power Generation | ₹160.79 | -0.89% | 6.3x | ₹3K Cr | |
| 17 | Union Bank of India Public Sector Bank | ₹175.80 | +1.03% | 6.4x | ₹132K Cr | |
| 18 | Canara Bank Public Sector Bank | ₹128.91 | +0.71% | 6.4x | ₹115K Cr | |
| 19 | Bank of Baroda Public Sector Bank | ₹245.60 | +0.24% | 6.5x | ₹128K Cr | |
| 20 | Central Bank of India Public Sector Bank | ₹31.29 | +0.19% | 6.6x | ₹30K Cr | |
| 21 | Punjab National Bank Public Sector Bank | ₹113.55 | -0.39% | 6.6x | ₹122K Cr | |
| 22 | General Insurance Corporation of India General Insurance | ₹359.65 | -0.01% | 6.7x | ₹64K Cr | |
| 23 | Maithan Alloys Ltd Ferro & Silica Manganese | ₹968.55 | +0.60% | 6.8x | ₹3K Cr | |
| 24 | Alembic Ltd Residential, Commercial Projects | ₹87.14 | -1.59% | 7.4x | ₹2K Cr | |
| 25 | Oil & Natural Gas Corporation Ltd Oil Exploration & Production | ₹240.20 | -0.74% | 7.5x | ₹311K Cr | |
| 26 | Shrem Invit Civil Construction | ₹104.90 | +0.00% | 7.5x | ₹6K Cr | |
| 27 | Karnataka Bank Ltd Private Sector Bank | ₹299.65 | +1.22% | 7.9x | ₹10K Cr | |
| 28 | Deep Industries Limited Oil Equipment & Services | ₹643.60 | -1.59% | 7.9x | ₹3K Cr | |
| 29 | Great Eastern Shipping Company Ltd Shipping | ₹1404.70 | -2.10% | 8.0x | ₹20K Cr | |
| 30 | Bank of Maharashtra Public Sector Bank | ₹79.20 | +0.99% | 8.2x | ₹62K Cr | |
| 31 | South Indian Bank Ltd Private Sector Bank | ₹46.92 | +0.13% | 8.2x | ₹12K Cr | |
| 32 | Orient Cement Ltd Cement & Cement Products | ₹140.36 | +1.95% | 8.3x | ₹3K Cr | |
| 33 | DCB Bank Limited Private Sector Bank | ₹189.12 | -1.40% | 8.4x | ₹6K Cr | |
| 34 | PTC Inc Power Trading | ₹198.36 | +8.13% | 8.4x | ₹5K Cr | |
| 35 | Coal India Ltd Coal | ₹415.50 | -0.50% | 8.5x | ₹263K Cr | |
| 36 | Kama Holdings Ltd Holding Company | ₹2510.00 | -0.05% | 8.5x | ₹8K Cr | |
| 37 | Jacobs Solutions Inc Private Sector Bank | ₹156.46 | -0.86% | 8.5x | ₹20K Cr | |
| 38 | Satin Creditcare Network Ltd Microfinance Institutions | ₹230.91 | -1.76% | 8.6x | ₹3K Cr | |
| 39 | Bombay Burmah Trading Corporation Limited Packaged Foods | ₹1501.50 | -0.28% | 8.7x | ₹10K Cr | |
| 40 | Indian Bank Public Sector Bank | ₹854.00 | +1.07% | 8.8x | ₹112K Cr | |
| 41 | Ghcl Ltd Commodity Chemicals | ₹438.15 | -1.56% | 8.8x | ₹4K Cr | |
| 42 | Elitecon International Ltd Cigarettes & Tobacco Products | ₹19.01 | +0.42% | 9.1x | ₹3K Cr | |
| 43 | Chambal Fertilisers and Chemicals Ltd Fertilizers | ₹458.65 | +0.89% | 9.3x | ₹18K Cr | |
| 44 | Samhi Hotels Ltd Hotels & Resorts | ₹173.66 | +1.11% | 9.4x | ₹4K Cr | |
| 45 | J Kumar Infraprojects Ltd Civil Construction | ₹490.10 | -0.62% | 9.5x | ₹4K Cr | |
| 46 | Powergrid Infrastructure Investment Trust Power - Transmission | ₹97.74 | +0.59% | 9.7x | ₹9K Cr | |
| 47 | Tamilnad Mercantile Bank Limited Private Sector Bank | ₹854.65 | -0.25% | 9.7x | ₹13K Cr | |
| 48 | Life Insurance Corporation of India Life Insurance | ₹393.00 | +0.43% | 9.7x | ₹557K Cr | |
| 49 | JM Financial Ltd Holding Company | ₹126.12 | +2.06% | 9.8x | ₹12K Cr | |
| 50 | Nmdc Limited Industrial Minerals | ₹85.80 | +1.90% | 10.0x | ₹75K 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.