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 | ₹70.64 | +4.99% | 1.4x | ₹7K Cr | 54 |
| 2 | Ashoka Buildcon Ltd Civil Construction | ₹124.23 | +1.97% | 3.2x | ₹5K Cr | |
| 3 | Power Finance Corporation Ltd Financial Institution | ₹413.05 | -1.91% | 4.8x | ₹119K Cr | |
| 4 | Rec Ltd Financial Institution | ₹325.05 | -1.92% | 5.5x | ₹94K Cr | |
| 5 | LIC Housing Finance Ltd Housing Finance Company | ₹535.00 | -0.49% | 5.5x | ₹30K Cr | |
| 6 | Anantam Highways | ₹103.90 | +0.00% | 5.5x | ₹2K Cr | |
| 7 | Jacobs Solutions Inc Private Sector Bank | ₹141.92 | +0.11% | 5.7x | ₹12K Cr | |
| 8 | Repco Home Finance Ltd Housing Finance Company | ₹373.80 | -1.75% | 5.7x | ₹3K Cr | |
| 9 | Maithan Alloys Ltd Ferro & Silica Manganese | ₹1050.70 | +1.45% | 6.2x | ₹3K Cr | |
| 10 | Powergrid Infrastructure Investment Trust Power - Transmission | ₹92.79 | +0.00% | 6.4x | ₹9K Cr | |
| 11 | Union Bank of India Public Sector Bank | ₹162.68 | +0.09% | 6.4x | ₹118K Cr | |
| 12 | Shrem Invit Civil Construction | ₹101.00 | +0.00% | 6.5x | ₹6K Cr | |
| 13 | KNR Constructions Ltd Civil Construction | ₹131.98 | +2.38% | 6.6x | ₹5K Cr | |
| 14 | Bank of India Public Sector Bank | ₹137.29 | +0.40% | 6.7x | ₹67K Cr | |
| 15 | Hindustan Petroleum Corporation Limited Refineries & Marketing | ₹383.75 | -1.25% | 6.9x | ₹96K Cr | |
| 16 | Tamilnad Mercantile Bank Limited Private Sector Bank | ₹739.75 | +1.58% | 7.0x | ₹8K Cr | |
| 17 | PTC Inc Power Trading | ₹188.46 | +1.08% | 7.0x | ₹5K Cr | |
| 18 | Karnataka Bank Ltd Private Sector Bank | ₹264.00 | -0.64% | 7.0x | ₹8K Cr | |
| 19 | General Insurance Corporation of India General Insurance | ₹377.65 | +0.53% | 7.1x | ₹68K Cr | |
| 20 | Canara Bank Public Sector Bank | ₹129.08 | +0.88% | 7.1x | ₹136K Cr | |
| 21 | Bharat Petroleum Corporation Limited Refineries & Marketing | ₹294.40 | -0.83% | 7.1x | ₹154K Cr | |
| 22 | Bank of Maharashtra Public Sector Bank | ₹78.91 | +1.64% | 7.3x | ₹44K Cr | |
| 23 | Prakash Industries Ltd Iron & Steel | ₹147.25 | -0.67% | 7.4x | ₹2K Cr | |
| 24 | Coal India Ltd Coal | ₹472.15 | -0.10% | 7.5x | ₹234K Cr | |
| 25 | Dalmia Bharat Sugar and Industries Ltd Sugar | ₹338.35 | +0.67% | 7.5x | ₹2K Cr | |
| 26 | Patel Engineering Ltd Civil Construction | ₹26.25 | +0.54% | 7.7x | ₹3K Cr | |
| 27 | South Indian Bank Ltd Private Sector Bank | ₹42.08 | +2.48% | 7.7x | ₹10K Cr | |
| 28 | Central Bank of India Public Sector Bank | ₹29.62 | -2.28% | 7.7x | ₹35K Cr | |
| 29 | Jindal Saw Ltd Iron & Steel Products | ₹241.12 | +0.10% | 7.8x | ₹11K Cr | |
| 30 | National Aluminium Co Ltd Aluminium | ₹393.05 | +0.00% | 7.9x | ₹48K Cr | |
| 31 | Bank of Baroda Public Sector Bank | ₹265.80 | +0.55% | 7.9x | ₹153K Cr | |
| 32 | Alembic Ltd Residential, Commercial Projects | ₹87.35 | +0.81% | 8.0x | ₹3K Cr | |
| 33 | Oil & Natural Gas Corporation Ltd Oil Exploration & Production | ₹265.05 | +0.28% | 8.4x | ₹308K Cr | |
| 34 | Punjab National Bank Public Sector Bank | ₹104.09 | +0.30% | 8.4x | ₹144K Cr | |
| 35 | DCB Bank Limited Private Sector Bank | ₹173.20 | -0.94% | 8.8x | ₹6K Cr | |
| 36 | Great Eastern Shipping Company Ltd Shipping | ₹1517.20 | +3.37% | 9.0x | ₹16K Cr | |
| 37 | Electrosteel Castings Ltd Iron & Steel Products | ₹76.12 | -0.63% | 9.2x | ₹5K Cr | |
| 38 | Nmdc Limited Industrial Minerals | ₹95.31 | +3.18% | 9.4x | ₹66K Cr | |
| 39 | G R Infraprojects Ltd Civil Construction | ₹890.85 | +0.63% | 9.5x | ₹10K Cr | |
| 40 | Chambal Fertilisers and Chemicals Ltd Fertilizers | ₹469.55 | +0.02% | 9.5x | ₹18K Cr | |
| 41 | Ghcl Ltd Commodity Chemicals | ₹456.00 | -0.80% | 9.7x | ₹6K Cr | |
| 42 | Tata Motors Ltd Passenger Cars & Utility Vehicles | ₹363.25 | +0.00% | 9.9x | ₹134K Cr | |
| 43 | Maharashtra Seamless Ltd Iron & Steel Products | ₹609.80 | -0.83% | 10.1x | ₹8K Cr | |
| 44 | Indian Bank Public Sector Bank | ₹825.55 | +1.95% | 10.1x | ₹120K Cr | |
| 45 | Hindalco Industries Ltd Aluminium | ₹1146.30 | +0.44% | 10.2x | ₹182K Cr | |
| 46 | Natco Pharma Ltd Pharmaceuticals | ₹939.30 | +0.64% | 10.5x | ₹16K Cr | |
| 47 | Rashi Peripherals Ltd Computers Hardware & Equipments | ₹554.20 | -0.24% | 10.8x | ₹2K Cr | |
| 48 | Acc Ltd Cement & Cement Products | ₹1369.90 | +0.73% | 10.8x | ₹35K Cr | |
| 49 | PNB Housing Finance Ltd Housing Finance Company | ₹996.50 | -0.65% | 10.8x | ₹24K Cr | |
| 50 | J Kumar Infraprojects Ltd Civil Construction | ₹501.25 | +0.40% | 10.8x | ₹4K 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.