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 | SML Mahindra Limited | ₹4928.80 | +0.42% | 45.6x | ₹7K Cr | 0 |
| 2 | SIGMA ADVANCED SYSTEMS LIMITED | ₹938.70 | +4.91% | 101.6x | ₹165436K Cr | |
| 3 | Tata Motors Passenger Vehicles Limited | ₹278.50 | +0.65% | 0.0x | ₹103K Cr | |
| 4 | LTM Limited | ₹4204.90 | -0.19% | 23.8x | ₹124K Cr | |
| 5 | Atlanta Electricals Limited | ₹1515.10 | +7.23% | 26.3x | ₹12K Cr | |
| 6 | Hindustan Copper Limited Copper | ₹423.25 | +5.73% | 36.1x | ₹41K Cr | |
| 7 | Knowledge Marine & Engineering Works Limited Dredging | ₹3329.90 | +3.69% | 56.4x | ₹8K Cr | |
| 8 | Himadri Speciality Chemical Limited Carbon Black | ₹562.05 | +6.25% | 35.2x | ₹28K Cr | |
| 9 | Vadilal Industries Limited Dairy Products | ₹7377.50 | +0.64% | 24.2x | ₹5K Cr | |
| 10 | Adani Power Limited Integrated Power Utilities | ₹201.71 | +3.18% | 27.3x | ₹389K Cr | |
| 11 | Eicher Motors Limited 2/3 Wheelers | ₹7420.00 | -0.27% | 35.3x | ₹204K Cr | |
| 12 | Aegis Logistics Limited Trading - Gas | ₹1224.90 | +4.06% | 34.4x | ₹43K Cr | |
| 13 | Travel Food Services Limited Restaurants | ₹1166.20 | +1.18% | 32.3x | ₹15K Cr | |
| 14 | Megasoft Ltd Other Telecom Services | ₹745.00 | +0.00% | 35.6x | ₹10K Cr | |
| 15 | Bajaj Auto Limited 2/3 Wheelers | ₹10608.00 | +0.65% | 25.2x | ₹296K Cr | |
| 16 | Nippon Life India Asset Management Limited Asset Management Company | ₹1000.35 | +1.66% | 38.9x | ₹64K Cr | |
| 17 | Garden Reach Shipbuilders & Engineers Limited Aerospace & Defense | ₹2143.40 | +0.58% | 30.7x | ₹25K Cr | |
| 18 | Chennai Petroleum Corporation Limited Refineries & Marketing | ₹1566.90 | +1.71% | 5.6x | ₹23K Cr | |
| 19 | Emmvee Photovoltaic Power Limited | ₹246.41 | +6.55% | 12.8x | ₹17K Cr | |
| 20 | Timex Group India Limited Gems, Jewellery And Watches | ₹671.30 | -0.29% | 70.8x | ₹6K Cr | |
| 21 | Solar Industries India Limited Explosives | ₹19393.00 | -1.33% | 88.1x | ₹176K Cr | |
| 22 | Kovai Medical Center & Hospital Limited Hospital | ₹5995.00 | +1.83% | 26.8x | ₹7K Cr | |
| 23 | TBO Tek Limited Tour, Travel Related Services | ₹1526.30 | -4.27% | 61.7x | ₹17K Cr | |
| 24 | Mazagon Dock Shipbuilders Limited Ship Building & Allied Services | ₹1828.10 | +2.41% | 25.8x | ₹74K Cr | |
| 25 | GE Vernova T&D India Limited Heavy Electrical Equipment | ₹4265.00 | +5.31% | 83.7x | ₹109K Cr | |
| 26 | BLS International Services Limited Tour, Travel Related Services | ₹216.73 | +0.51% | 12.6x | ₹9K Cr | |
| 27 | Pearl Global Industries Limited Garments & Apparels | ₹1319.90 | +4.17% | 19.6x | ₹6K Cr | |
| 28 | Multi Commodity Exchange of India Limited Exchange and Data Platform | ₹3315.00 | -5.02% | 55.4x | ₹74K Cr | |
| 29 | Ingersoll Rand (India) Limited Compressors, Pumps & Diesel Engines | ₹4045.80 | -2.05% | 48.0x | ₹13K Cr | |
| 30 | R R Kabel Limited Cables - Electricals | ₹2017.60 | +0.85% | 37.6x | ₹23K Cr | |
| 31 | BSE Limited Exchange and Data Platform | ₹3601.50 | -1.75% | 52.4x | ₹147K Cr | |
| 32 | Siemens Limited Heavy Electrical Equipment | ₹3509.00 | +3.60% | 36.5x | ₹125K Cr | |
| 33 | V2 Retail Limited Speciality Retail | ₹149.13 | -9.41% | 4.2x | ₹5K Cr | |
| 34 | Lodha Developers Limited | ₹1122.00 | +5.77% | 27.2x | ₹112K Cr | |
| 35 | Netweb Technologies India Limited IT Enabled Services | ₹4062.30 | -0.62% | 88.5x | ₹23K Cr | |
| 36 | Krishana Phoschem Limited Fertilizers | ₹240.29 | +3.63% | 9.3x | ₹7K Cr | |
| 37 | Lupin Limited Pharmaceuticals | ₹2008.60 | -0.36% | 16.6x | ₹92K Cr | |
| 38 | Marksans Pharma Limited Pharmaceuticals | ₹301.65 | -4.33% | 26.4x | ₹14K Cr | |
| 39 | Gokul Agro Resources Limited Edible Oil | ₹223.06 | +2.77% | 12.6x | ₹7K Cr | |
| 40 | Lloyds Metals And Energy Limited Industrial Minerals | ₹1799.60 | +1.08% | 20.4x | ₹101K Cr | |
| 41 | Caplin Point Laboratories Limited Pharmaceuticals | ₹2416.10 | +2.18% | 27.6x | ₹18K Cr | |
| 42 | Jamna Auto Industries Limited Auto Components & Equipments | ₹128.33 | +4.35% | 21.9x | ₹5K Cr | |
| 43 | Kalyan Jewellers India Limited Gems, Jewellery And Watches | ₹529.05 | +4.10% | 38.1x | ₹55K Cr | |
| 44 | Emcure Pharmaceuticals Limited Pharmaceuticals | ₹2160.40 | +9.30% | 40.5x | ₹41K Cr | |
| 45 | Welspun Corp Limited Iron & Steel Products | ₹2400.00 | +3.65% | 27.4x | ₹63K Cr | |
| 46 | Fine Organic Industries Limited Specialty Chemicals | ₹5135.00 | +0.90% | 35.9x | ₹16K Cr | |
| 47 | Coal India Limited Coal | ₹399.65 | -2.05% | 7.9x | ₹246K Cr | |
| 48 | SPR Auto Technologies Limited Auto Components & Equipments | ₹4257.50 | -1.90% | 33.3x | ₹19K Cr | |
| 49 | The Great Eastern Shipping Company Limited Shipping | ₹1571.80 | +2.30% | 6.0x | ₹22K Cr | |
| 50 | Kingfa Science & Technology (India) Limited Plastic Products - Industrial | ₹6816.50 | +1.18% | 40.9x | ₹9K 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.