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 | Garden Reach Shipbuilders & Engineers Ltd Aerospace & Defense | ₹2614.90 | +0.51% | 50.8x | ₹31K Cr | 76 |
| 2 | BLS International Ltd Tour, Travel Related Services | ₹269.15 | +2.77% | 22.7x | ₹14K Cr | |
| 3 | Waaree Renewable Technologies Ltd Other Electrical Equipment | ₹941.10 | +0.00% | 31.1x | ₹11K Cr | |
| 4 | Hindustan Copper Ltd Copper | ₹546.20 | +1.16% | 57.2x | ₹33K Cr | |
| 5 | Anand Rathi Wealth Ltd Financial Products Distributor | ₹3539.30 | +1.05% | 70.7x | ₹24K Cr | |
| 6 | Nmdc Limited Industrial Minerals | ₹95.31 | +3.18% | 9.4x | ₹66K Cr | |
| 7 | National Aluminium Co Ltd Aluminium | ₹393.05 | +0.00% | 7.9x | ₹48K Cr | |
| 8 | Cummins India Ltd Compressors, Pumps & Diesel Engines | ₹5708.00 | +0.48% | 54.6x | ₹126K Cr | |
| 9 | Waaree Energies Ltd Other Electrical Equipment | ₹3099.80 | +0.12% | 33.8x | ₹91K Cr | |
| 10 | Bharat Electronics Limited Aerospace & Defense | ₹407.85 | +0.16% | 53.6x | ₹305K Cr | |
| 11 | Eicher Motors Ltd 2/3 Wheelers | ₹7141.50 | +0.58% | 38.3x | ₹195K Cr | |
| 12 | Titan Company Limited Gems, Jewellery And Watches | ₹4078.10 | +1.33% | 83.7x | ₹346K Cr | |
| 13 | Ashapura Minechem Ltd Industrial Minerals | ₹726.50 | +1.42% | 17.1x | ₹7K Cr | |
| 14 | Maruti Suzuki India Limited Passenger Cars & Utility Vehicles | ₹13022.00 | +0.59% | 34.3x | ₹506K Cr | |
| 15 | Esab India Ltd Other Industrial Products | ₹6116.00 | -2.33% | 47.4x | ₹9K Cr | |
| 16 | Tanla Platforms Ltd Software Products | ₹543.05 | +4.95% | 15.4x | ₹7K Cr | |
| 17 | Doms Industries Ltd Stationary | ₹2182.40 | +0.53% | 70.4x | ₹15K Cr | |
| 18 | Prudent Corporate Advisory Services Ltd Financial Products Distributor | ₹2708.20 | -0.79% | 49.6x | ₹10K Cr | |
| 19 | Manorama Industries Ltd Other Food Products | ₹1481.40 | +3.03% | 45.3x | ₹8K Cr | |
| 20 | LTIMindtree Limited Computers - Software & Consulting | ₹4380.60 | +0.00% | 37.5x | ₹182K Cr | |
| 21 | HBL Engineering Ltd Other Industrial Products | ₹802.70 | +0.57% | 36.5x | ₹24K Cr | |
| 22 | Nippon Life India Asset Management Limited Asset Management Company | ₹1089.90 | -0.27% | 40.9x | ₹55K Cr | |
| 23 | Zydus Lifesciences Ltd Pharmaceuticals | ₹1078.30 | -1.18% | 18.7x | ₹94K Cr | |
| 24 | Alivus Life Sciences Limited Pharmaceuticals | ₹1047.60 | -0.04% | 21.0x | ₹11K Cr | |
| 25 | Elantas Beck India Ltd Specialty Chemicals | ₹9457.65 | -0.32% | 54.9x | ₹8K Cr | |
| 26 | Man Infraconstruction Ltd Civil Construction | ₹118.30 | +3.66% | 19.8x | ₹5K Cr | |
| 27 | Emcure Pharmaceuticals Ltd Pharmaceuticals | ₹1704.40 | -0.05% | 33.9x | ₹27K Cr | |
| 28 | Welspun Corp Ltd Iron & Steel Products | ₹1352.80 | +0.00% | 12.8x | ₹23K Cr | |
| 29 | Gujarat Pipavav Port Ltd Port & Port services | ₹158.06 | +1.07% | 20.3x | ₹9K Cr | |
| 30 | Inox India Ltd Other Industrial Products | ₹1452.20 | +0.37% | 43.7x | ₹10K Cr | |
| 31 | Ratnamani Metals & Tubes Ltd Iron & Steel Products | ₹2587.30 | +0.00% | 27.5x | ₹17K Cr | |
| 32 | Indus Towers Ltd Telecom - Infrastructure | ₹429.15 | -0.53% | 11.2x | ₹105K Cr | |
| 33 | CG Power and Industrial Solutions Limited Heavy Electrical Equipment | ₹907.70 | +1.49% | 98.5x | ₹105K Cr | |
| 34 | Divis Laboratories Ltd Pharmaceuticals | ₹6533.00 | -0.31% | 68.6x | ₹170K Cr | |
| 35 | LT Foods Ltd Other Agricultural Products | ₹391.60 | +2.63% | 22.7x | ₹14K Cr | |
| 36 | Oriana Power Ltd Other Electrical Equipment | ₹1695.55 | -11.90% | 22.1x | ₹5K Cr | |
| 37 | Eclerx Services Ltd Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) | ₹1517.20 | +2.92% | 36.4x | ₹22K Cr | |
| 38 | Indian Railway Catering and Tourism Corporation Ltd Tour, Travel Related Services | ₹516.90 | +0.84% | 41.0x | ₹55K Cr | |
| 39 | 3M India Ltd Diversified | ₹31070.00 | +0.00% | 71.0x | ₹39K Cr | |
| 40 | Godfrey Phillips India Ltd Cigarettes & Tobacco Products | ₹2274.50 | +0.88% | 34.8x | ₹44K Cr | |
| 41 | Transrail Lighting Ltd Heavy Electrical Equipment | ₹488.20 | +0.65% | 20.1x | ₹8K Cr | |
| 42 | Kovai Medical Center and Hospital Ltd Hospital | ₹5342.00 | -0.51% | 28.4x | ₹6K Cr | |
| 43 | Force Motors Ltd Passenger Cars & Utility Vehicles | ₹17833.00 | -5.67% | 29.3x | ₹24K Cr | |
| 44 | Solar Industries India Ltd Explosives | ₹18386.00 | +1.01% | 90.8x | ₹120K Cr | |
| 45 | Indegene Ltd Healthcare Research, Analytics & Technology | ₹518.45 | +1.71% | 28.4x | ₹13K Cr | |
| 46 | Mazagon Dock Shipbuilders Limited Ship Building & Allied Services | ₹2444.90 | +0.90% | 46.2x | ₹108K Cr | |
| 47 | Lupin Ltd Pharmaceuticals | ₹2249.80 | -0.58% | 22.0x | ₹95K Cr | |
| 48 | Shakti Pumps India Ltd Compressors, Pumps & Diesel Engines | ₹514.75 | +0.30% | 20.3x | ₹8K Cr | |
| 49 | Bharti Hexacom Ltd Telecom - Cellular & Fixed line services | ₹1489.60 | -1.62% | 54.5x | ₹88K Cr | |
| 50 | ABB India Ltd Heavy Electrical Equipment | ₹7146.00 | +1.69% | 62.3x | ₹110K 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.