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 | Waaree Renewable Technologies Ltd Other Electrical Equipment | ₹906.05 | -0.72% | 21.5x | ₹10K Cr | 88 |
| 2 | HBL Engineering Ltd Other Industrial Products | ₹736.50 | +1.00% | 25.0x | ₹21K Cr | |
| 3 | Tips Music Ltd Media & Entertainment | ₹672.50 | +0.48% | 39.2x | ₹8K Cr | |
| 4 | BLS International Ltd Tour, Travel Related Services | ₹255.63 | +3.10% | 14.1x | ₹10K Cr | |
| 5 | Sun Pharma Advanced Research Company Ltd Pharmaceuticals | ₹218.35 | +5.35% | 5.2x | ₹8K Cr | |
| 6 | Lupin Ltd Pharmaceuticals | ₹2388.00 | -0.91% | 20.0x | ₹114K Cr | |
| 7 | Hindustan Copper Ltd Copper | ₹533.80 | +8.42% | 48.0x | ₹47K Cr | |
| 8 | Sharda Cropchem Ltd Pesticides & Agrochemicals | ₹822.90 | -2.11% | 12.1x | ₹8K Cr | |
| 9 | Garden Reach Shipbuilders & Engineers Ltd Aerospace & Defense | ₹2507.30 | -1.55% | 40.1x | ₹30K Cr | |
| 10 | Force Motors Ltd Passenger Cars & Utility Vehicles | ₹18538.00 | +0.87% | 23.0x | ₹24K Cr | |
| 11 | Waaree Energies Ltd Other Electrical Equipment | ₹2697.00 | +1.01% | 20.6x | ₹81K Cr | |
| 12 | Jamna Auto Industries Ltd Auto Components & Equipments | ₹143.27 | +0.70% | 22.0x | ₹5K Cr | |
| 13 | Himadri Speciality Chemical Ltd Carbon Black | ₹748.95 | -0.36% | 43.0x | ₹34K Cr | |
| 14 | Travel Food Services Limited Restaurants | ₹1348.00 | -1.32% | 38.7x | ₹17K Cr | |
| 15 | Mazagon Dock Shipbuilders Limited Ship Building & Allied Services | ₹2380.50 | -0.36% | 37.0x | ₹96K Cr | |
| 16 | Knowledge Marine & Engineering Works Ltd Dredging | ₹2542.20 | +0.39% | 76.5x | ₹6K Cr | |
| 17 | Eicher Motors Ltd 2/3 Wheelers | ₹7986.50 | +0.65% | 36.6x | ₹203K Cr | |
| 18 | Eclerx Services Ltd Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) | ₹1917.80 | -0.07% | 22.9x | ₹16K Cr | |
| 19 | Gujarat Pipavav Port Ltd Port & Port services | ₹151.68 | -0.08% | 14.6x | ₹7K Cr | |
| 20 | Fiem Industries Ltd Auto Components & Equipments | ₹2498.00 | +7.46% | 23.4x | ₹6K Cr | |
| 21 | Varun Beverages Ltd Other Beverages | ₹437.00 | -0.46% | 49.3x | ₹157K Cr | |
| 22 | Coal India Ltd Coal | ₹415.50 | -0.50% | 8.5x | ₹263K Cr | |
| 23 | Multi Commodity Exchange of India Ltd Exchange and Data Platform | ₹2598.60 | -3.04% | 55.4x | ₹74K Cr | |
| 24 | Prudent Corporate Advisory Services Ltd Financial Products Distributor | ₹3335.60 | +1.06% | 54.6x | ₹12K Cr | |
| 25 | Emmvee Photovol. | ₹324.60 | +0.34% | 21.6x | ₹23K Cr | |
| 26 | Megasoft Ltd Other Telecom Services | ₹154.89 | +0.00% | 35.6x | ₹10K Cr | |
| 27 | Jeena Sikho Lifecare Limited Pharmaceuticals | ₹579.25 | +0.88% | 32.5x | ₹7K Cr | |
| 28 | Caplin Point Laboratories Ltd Pharmaceuticals | ₹2541.80 | -1.17% | 31.4x | ₹20K Cr | |
| 29 | CG Power and Industrial Solutions Limited Heavy Electrical Equipment | ₹889.50 | +1.07% | 121.0x | ₹146K Cr | |
| 30 | Nmdc Limited Industrial Minerals | ₹85.80 | +1.90% | 10.0x | ₹75K Cr | |
| 31 | Bajaj Auto Limited 2/3 Wheelers | ₹11800.00 | +1.72% | 26.8x | ₹289K Cr | |
| 32 | Indian Railway Catering and Tourism Corporation Ltd Tour, Travel Related Services | ₹510.25 | +0.00% | 29.1x | ₹40K Cr | |
| 33 | Solar Industries India Ltd Explosives | ₹18400.00 | -1.60% | 98.6x | ₹165K Cr | |
| 34 | Seshaasai Tech. | ₹363.80 | +0.58% | 26.5x | ₹6K Cr | |
| 35 | LTIMindtree Limited Computers - Software & Consulting | ₹4380.60 | +0.00% | 21.4x | ₹120K Cr | |
| 36 | Skipper Ltd Heavy Electrical Equipment | ₹548.50 | +0.39% | 28.6x | ₹6K Cr | |
| 37 | Raghav Productivity Enhancer Limited Electrodes & Refractories | ₹1248.60 | -2.19% | 92.5x | ₹6K Cr | |
| 38 | Zydus Lifesciences Ltd Pharmaceuticals | ₹1121.10 | -0.79% | 21.3x | ₹115K Cr | |
| 39 | Muthoot Finance Ltd Non Banking Financial Company (NBFC) | ₹2892.00 | +0.77% | 11.4x | ₹121K Cr | |
| 40 | Kovai Medical Center and Hospital Ltd Hospital | ₹5927.00 | +1.11% | 26.8x | ₹7K Cr | |
| 41 | Hindustan Zinc Ltd Zinc | ₹596.95 | +6.05% | 16.3x | ₹223K Cr | |
| 42 | Stylam Industries Ltd Plywood Boards/ Laminates | ₹3465.90 | -1.62% | 37.0x | ₹6K Cr | |
| 43 | Cummins India Ltd Compressors, Pumps & Diesel Engines | ₹5440.00 | -1.98% | 63.5x | ₹154K Cr | |
| 44 | Hitachi Energy India Ltd Heavy Electrical Equipment | ₹32400.00 | +1.23% | 147.4x | ₹152K Cr | |
| 45 | Bombay Burmah Trading Corporation Limited Packaged Foods | ₹1501.50 | -0.28% | 8.7x | ₹10K Cr | |
| 46 | Escorts Kubota Ltd Tractors | ₹3089.20 | -0.39% | 15.3x | ₹33K Cr | |
| 47 | Bharat Electronics Limited Aerospace & Defense | ₹390.00 | -0.38% | 49.5x | ₹300K Cr | |
| 48 | International Gemmological Institute Diversified Commercial Services | ₹363.85 | +0.48% | 26.2x | ₹15K Cr | |
| 49 | GE Vernova T&D India Ltd Heavy Electrical Equipment | ₹4410.00 | +1.77% | 94.0x | ₹120K Cr | |
| 50 | Banco Products India Ltd Auto Components & Equipments | ₹686.00 | +2.43% | 20.5x | ₹10K 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.