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Best Low P/E Stocks India 2026
Low P/E (Price-to-Earnings) ratio can indicate undervaluation — but it can also signal a 'value trap' (declining business). Use low P/E as a starting point for research, not a buy signal. Combine with ROE, debt levels, and earnings growth to find genuine value.
Expert note: PSU banks, oil & gas, and metal stocks often have low P/E due to cyclical earnings. Check if the company's earnings are stable or peaking before assuming low P/E = bargain.
50
Companies listed
₹8.99 L Cr
Largest by market cap
₹12
Lowest price
₹3059
Highest price
| # | Company | Sector | LTP | 30D Trend | Market Cap | P/E | ROE % | Rev YoY | Profit YoY |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ZFCVINDIA | Auto | ₹2,140.8 | ₹24,363 Cr | 2.3 | 15.0% | — | — | |
| 2 | IDEA | Telecom | ₹12.28 | ₹1.33 L Cr | 3.6 | — | +2.8% | +225.7% | |
| 3 | PFC | Financial Services | ₹332.4 | ₹1.10 L Cr | 4.2 | 20.5% | — | +15.6% | |
| 4 | LICHSGFIN | Financial Services | ₹511.5 | ₹28,136 Cr | 5.0 | 14.4% | — | — | |
| 5 | CHENNPETRO | Oil & Gas | ₹1,432.4 | ₹21,330 Cr | 5.0 | 32.1% | — | — | |
| 6 | RECLTD | Financial Services | ₹302.35 | ₹79,616 Cr | 5.1 | 20.0% | — | +3.6% | |
| 7 | BANKINDIA | Financial Services | ₹136.78 | ₹62,271 Cr | 5.1 | 13.7% | — | +14.2% | |
| 8 | CANBK | Financial Services | ₹122 | ₹1.11 L Cr | 5.3 | 15.1% | — | +12.7% | |
| 9 | IOC | Oil & Gas | ₹130.25 | ₹1.84 L Cr | 5.3 | 21.0% | +3.7% | +183.9% | |
| 10 | GESHIP | Services | ₹1,519.3 | ₹21,347 Cr | 5.8 | 18.9% | — | — | |
| 11 | PNB | Banking | ₹121.9 | ₹1.40 L Cr | 6.1 | 15.0% | — | +1.6% | |
| 12 | CENTRALBK | Financial Services | ₹30.97 | ₹28,032 Cr | 6.1 | 11.6% | — | — | |
| 13 | UNIONBANK | Financial Services | ₹180.7 | ₹1.38 L Cr | 6.3 | 15.8% | — | +3.9% | |
| 14 | J&KBANK | Financial Services | ₹139.35 | ₹15,345 Cr | 6.4 | 14.6% | — | — | |
| 15 | ONGC | Oil & Gas | ₹225 | ₹2.83 L Cr | 6.4 | 12.7% | -1.0% | -7.6% | |
| 16 | GICRE | Financial Services | ₹327.2 | ₹57,404 Cr | 6.5 | 9.1% | +7.3% | +25.2% | |
| 17 | BANKBARODA | Banking | ₹238.2 | ₹1.23 L Cr | 6.6 | 11.3% | — | +2.2% | |
| 18 | MRPL | Oil & Gas | ₹173.72 | ₹30,446 Cr | 6.9 | 14.2% | — | — | |
| 19 | JSWDULUX | Consumer Durables | ₹3,058.6 | ₹13,929 Cr | 7.1 | — | — | — | |
| 20 | BPCL | Oil & Gas | ₹294.3 | ₹1.28 L Cr | 7.3 | 28.5% | +3.4% | +75.5% | |
| 21 | HUDCO | Financial Services | ₹156.31 | ₹31,292 Cr | 7.6 | 20.2% | — | — | |
| 22 | CHAMBLFERT | Chemicals | ₹382.95 | ₹15,343 Cr | 8.1 | 20.4% | — | — | |
| 23 | MAHABANK | Financial Services | ₹80.96 | ₹62,271 Cr | 8.2 | 23.0% | — | +27.2% | |
| 24 | SCI | Services | ₹275.8 | ₹12,847 Cr | 8.2 | — | — | — | |
| 25 | COALINDIA | Mining | ₹411.7 | ₹2.54 L Cr | 8.2 | 28.1% | -3.0% | +10.9% | |
| 26 | LICI | Insurance | ₹393.35 | ₹4.98 L Cr | 8.4 | 40.8% | +10.1% | +19.2% | |
| 27 | NMDC | Metal | ₹70.5 | ₹61,982 Cr | 8.4 | 23.4% | +33.3% | +10.9% | |
| 28 | SOUTHBANK | — | ₹54.26 | ₹14,213 Cr | 8.5 | 13.9% | — | — | |
| 29 | OIL | Oil & Gas | ₹449 | ₹73,035 Cr | 8.7 | 12.7% | -0.2% | -27.1% | |
| 30 | KTKBANK | — | ₹329.65 | ₹12,474 Cr | 8.7 | 10.4% | — | — | |
| 31 | INDIANB | Financial Services | ₹856.85 | ₹1.15 L Cr | 8.7 | 16.1% | — | +11.3% | |
| 32 | NATIONALUM | Metal | ₹318 | ₹58,405 Cr | 8.8 | 29.4% | +6.3% | +9.2% | |
| 33 | MUTHOOTFIN | Financial Services | ₹2,566 | ₹1.03 L Cr | 9.2 | 31.7% | — | +94.8% | |
| 34 | TATAMOTORS | Auto | ₹279.4 | ₹1.03 L Cr | 9.2 | 31.8% | — | — | |
| 35 | TMB | — | ₹868.35 | ₹13,750 Cr | 9.4 | 14.5% | — | — | |
| 36 | CHOLAHLDNG | Financial Services | ₹1,362.8 | ₹25,590 Cr | 9.6 | 18.0% | — | — | |
| 37 | IDBI | Financial Services | ₹82.24 | ₹88,428 Cr | 9.7 | 13.9% | — | +26.6% | |
| 38 | SIGNATURE | Realty | ₹718.8 | ₹10,113 Cr | 9.8 | 84.9% | — | — | |
| 39 | UCOBANK | Financial Services | ₹23.61 | ₹29,606 Cr | 10.0 | 8.9% | — | — | |
| 40 | IOB | Financial Services | ₹30.71 | ₹59,137 Cr | 10.1 | 16.5% | — | +56.2% | |
| 41 | SBIN | Banking | ₹973.7 | ₹8.99 L Cr | 10.3 | 15.2% | — | +12.9% | |
| 42 | VEDL | Metals | ₹243.2 | ₹94,965 Cr | 10.3 | 20.4% | +38.9% | -1.1% | |
| 43 | PETRONET | Oil & Gas | ₹293.65 | ₹44,048 Cr | 10.4 | 18.6% | — | — | |
| 44 | NLCINDIA | Power | ₹244.35 | ₹33,882 Cr | 10.7 | 16.0% | — | — | |
| 45 | PSB | — | ₹21.27 | ₹15,092 Cr | 10.9 | 9.8% | — | — | |
| 46 | NTPC | Power | ₹309 | ₹3.00 L Cr | 11.0 | 13.7% | -2.7% | +17.9% | |
| 47 | DCMSHRIRAM | Diversified | ₹1,002.05 | ₹15,517 Cr | 11.0 | 11.6% | — | — | |
| 48 | JMFINANCIL | Financial Services | ₹117.24 | ₹11,220 Cr | 11.2 | 11.1% | — | — | |
| 49 | GAIL | Oil & Gas | ₹167.3 | ₹1.10 L Cr | 11.2 | 8.7% | +1.0% | -38.4% | |
| 50 | APTUS | Financial Services | ₹213.25 | ₹10,680 Cr | 11.3 | 20.1% | — | — |
Prices as of 19 Oct 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.