Low P/B Stocks India 2026
Price-to-Book (P/B) ratio measures market value against accounting net assets. Stocks trading below 1× P/B mean the market values the company less than its book assets. This is common in PSU banks (NPA concerns), commodity companies (cyclical lows), and capital-intensive businesses. Low P/B can signal undervaluation — or hidden risks like unrecognized bad loans and obsolete assets.
Expert note: P/B below 1 means the market values the company at less than its net assets. This seems like a bargain — but often reflects market distrust of stated asset values (e.g., PSU bank NPAs, outdated manufacturing assets). Always ask: why is it cheap? Is it temporary or structural?
| # | Company | Sector | LTP | 30D Trend | Market Cap | P/E | ROE % | Rev YoY | Profit YoY |
|---|---|---|---|---|---|---|---|---|---|
| 1 | JSWHL | — | ₹11,329 | ₹12,573 Cr | 96.0 | — | — | — | |
| 2 | GSFC | — | ₹161.98 | ₹6,455 Cr | 9.2 | 5.5% | — | — | |
| 3 | MAHSCOOTER | — | ₹13,347 | ₹15,254 Cr | 54.6 | 1.1% | — | — | |
| 4 | RPOWER | Power | ₹21.7 | ₹8,975 Cr | — | -2.1% | — | — | |
| 5 | SAMMAANCAP | Financial Services | ₹153.63 | ₹17,601 Cr | — | -35.0% | — | — | |
| 6 | LICHSGFIN | Financial Services | ₹497 | ₹27,338 Cr | 4.8 | 14.4% | — | — | |
| 7 | GICRE | Financial Services | ₹359.6 | ₹63,088 Cr | 7.0 | 9.1% | +7.3% | +25.2% | |
| 8 | CENTRALBK | Financial Services | ₹30.91 | ₹27,978 Cr | 6.2 | 11.6% | — | — | |
| 9 | BANKINDIA | Financial Services | ₹141.7 | ₹64,511 Cr | 5.3 | 13.7% | — | +14.2% | |
| 10 | SUNFLAG | — | ₹353.55 | ₹6,372 Cr | 31.0 | 2.3% | — | — | |
| 11 | BANKBARODA | Banking | ₹245 | ₹1.27 L Cr | 7.1 | 11.3% | — | +2.2% | |
| 12 | NIACL | Financial Services | ₹185.68 | ₹30,600 Cr | 38.3 | 3.4% | — | — | |
| 13 | DBL | — | ₹416.2 | ₹6,761 Cr | 5.4 | 22.9% | — | — | |
| 14 | ONGC | Oil & Gas | ₹238 | ₹2.99 L Cr | 6.8 | 12.7% | -1.0% | -7.6% | |
| 15 | TATACHEM | Chemicals | ₹636.3 | ₹16,210 Cr | — | -7.7% | — | — | |
| 16 | PNCINFRA | — | ₹212.01 | ₹5,439 Cr | 7.6 | 13.0% | — | — | |
| 17 | ZEEL | Media | ₹102.22 | ₹9,818 Cr | 48.5 | 2.3% | — | — | |
| 18 | EMBDL | — | ₹62.29 | ₹8,659 Cr | — | -9.1% | — | — | |
| 19 | PNB | Banking | ₹117.48 | ₹1.35 L Cr | 6.1 | 15.0% | — | +1.6% | |
| 20 | IOC | Oil & Gas | ₹136.3 | ₹1.92 L Cr | 5.7 | 21.0% | +3.7% | +183.9% | |
| 21 | KTKBANK | — | ₹324.05 | ₹12,255 Cr | 8.2 | 10.4% | — | — | |
| 22 | PCJEWELLER | — | ₹9.68 | ₹9,429 Cr | 11.3 | 9.9% | — | — | |
| 23 | DCBBANK | — | ₹181.81 | ₹5,856 Cr | 7.5 | 12.0% | — | — | |
| 24 | GRINFRA | — | ₹883.3 | ₹8,547 Cr | 8.3 | 10.1% | — | — | |
| 25 | GNFC | — | ₹602.3 | ₹8,850 Cr | 8.1 | 9.1% | — | — | |
| 26 | CCAVENUE | — | ₹14.89 | ₹5,171 Cr | 16.1 | 6.7% | — | — | |
| 27 | PFC | Financial Services | ₹374.45 | ₹1.24 L Cr | 4.8 | 20.5% | — | +15.6% | |
| 28 | RAIN | — | ₹205.54 | ₹6,913 Cr | 13.1 | 8.6% | — | — | |
| 29 | BIRLACORPN | — | ₹884.9 | ₹6,814 Cr | 12.6 | 7.8% | — | — | |
| 30 | UCOBANK | Financial Services | ₹25.68 | ₹32,202 Cr | 11.6 | 8.5% | — | — | |
| 31 | NSLNISP | Metal | ₹40.15 | ₹11,766 Cr | 222.5 | 0.5% | — | — | |
| 32 | CANBK | Financial Services | ₹129.08 | ₹1.17 L Cr | 6.0 | 15.9% | — | +12.7% | |
| 33 | SOUTHBANK | — | ₹45 | ₹11,782 Cr | 7.9 | 13.6% | — | — | |
| 34 | UNIONBANK | Financial Services | ₹186.9 | ₹1.43 L Cr | 6.9 | 15.8% | — | +3.9% | |
| 35 | J&KBANK | Financial Services | ₹148.95 | ₹16,402 Cr | 7.4 | 14.6% | — | — | |
| 36 | RECLTD | Financial Services | ₹337 | ₹88,740 Cr | 5.5 | 20.0% | — | +3.6% | |
| 37 | GESHIP | Services | ₹1,315.5 | ₹18,781 Cr | 4.9 | 18.9% | — | — | |
| 38 | IRB | Construction | ₹18.98 | ₹22,924 Cr | 24.7 | 4.2% | — | — | |
| 39 | TMPV | Auto | ₹321.3 | ₹1.18 L Cr | — | -1.1% | +17.2% | +1390.8% | |
| 40 | BANDHANBNK | Financial Services | ₹169.2 | ₹27,260 Cr | 20.8 | 4.9% | — | — | |
| 41 | NCC | Construction | ₹139.57 | ₹8,763 Cr | 12.6 | 9.3% | — | — | |
| 42 | JUSTDIAL | — | ₹660.45 | ₹5,617 Cr | 11.5 | 10.2% | — | — | |
| 43 | JMFINANCIL | Financial Services | ₹126.3 | ₹12,086 Cr | 11.7 | 11.1% | — | — | |
| 44 | CSBBANK | — | ₹314.6 | ₹5,332 Cr | 8.3 | 13.5% | — | — | |
| 45 | PSB | — | ₹23.24 | ₹16,490 Cr | 12.1 | 9.8% | — | — | |
| 46 | INDIACEM | Cement | ₹369.7 | ₹11,457 Cr | 125.9 | -0.7% | — | — | |
| 47 | NUVOCO | Cement | ₹318.5 | ₹11,375 Cr | 30.6 | 3.7% | — | — | |
| 48 | TATAINVEST | Financial Services | ₹652.9 | ₹33,034 Cr | 78.1 | 1.4% | — | — | |
| 49 | SAIL | Metal | ₹172.75 | ₹71,355 Cr | 16.4 | 5.7% | +8.1% | +50.5% | |
| 50 | ABFRL | Consumer Services | ₹54.47 | ₹6,628 Cr | — | -12.7% | — | — |
Prices as of 19 Aug 2026. P/E and ROE shown for top 200 companies by market cap (updated quarterly). Click any company for detailed profile, news, and 1-year chart.