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Top 10 High ROE Stocks Under ₹100 in India — Top 100 List

Of the 739 companies priced under ₹100 in India on PositoAI, 462 have a positive return on equity. First on the list is Narmada Macplast Drip Irrigation Systems Ltd. (144.1%). The median among them is 8.90%. 1 of the top 10 has an active red or yellow flag.

A low share price does not make a stock cheap: what matters is the company's value compared with its earnings and assets (P/E, P/B). Very low-priced stocks are often small, thinly traded and more volatile. Prices are the last close.

Positivity ScoreHigh dividendDebt freeLow debtLow PEBelow book valueHigh ROEHigh ROE + low PENo red flagsNo red or yellow flagsFundamentally strongNear 52-week lowNear 52-week highHigh score near 52-week lowHigh score near 52-week high
#Company Score Price Market Cap
(INR Cr)		 P/E P/B Owes vs
Owns		 ROE Div
Yield		 FlagSector
1 Narmada Macplast Drip Irrigation Systems Ltd.NARMP 18,685 ₹22.31 ₹80 6.0 8.60 0.51× 144.1% 0 — Industrials
2 Gravity (India) LimitedGRAVITY 22,120 ₹13.96 ₹14 0.7 0.96 0.63× 115.7% 0 — Consumer Cyclical
3 Orosil Smiths India LimitedOROSMITHS 23,822 ₹6.31 ₹26 1.1 1.03 0.15× 104.0% 0 — Consumer Cyclical
4 Digjam LimitedDIGJAMLMTD 73 ₹51.87 ₹103 26.9 23.49 0.94× 88.3% 0 — Consumer Cyclical
5 Ardee Industries LimitedARDEE 19,840 ₹43.37 ₹1,367 15.9 9.28 0.59× 80.7% 0 — Industrials
6 Panth Infinity LimitedPANTH 21,104 ₹11.46 ₹63 0.9 0.64 0.50× 71.0% 0 — Consumer Cyclical
7 Dev Information Technology LimitedDEVIT 24,767 ₹18.72 ₹106 1.4 0.98 0.42× 69.2% 0.52% — Technology
8 Shekhawati Industries LimitedSHEKHAWATI 23,462 ₹22.00 ₹75 6.1 3.45 0.31× 56.1% 0 — Consumer Cyclical
9 Standard Industries LimitedSIL 22,243 ₹17.99 ₹115 1.9 1.01 0.40× 53.8% 3.22% — Consumer Cyclical
10 Websol Energy System LimitedWEBELSOLAR 21,450 ₹61.17 ₹2,655 8.6 4.21 0.32× 51.2% 0.38% ⚑ Technology

Top 20

11 SBC Exports LimitedSBC 1,981 ₹62.12 ₹2,958 73.1 36.89 0.82× 51.2% 0 — Consumer Cyclical
12 R M Drip and Sprinklers Systems LimitedRMDRIP 21,702 ₹17.76 ₹760 8.4 6.85 0.46× 47.5% 0.14% — Industrials
13 Elitecon International LimitedELITECON 25,385 ₹6.76 ₹1,080 5.8 3.10 0.72× 46.8% 0 — Consumer Defensive
14 Nityas Gems and Jewellery LimitedNITYAS 20,396 ₹74.74 ₹430 18.9 5.16 — 43.8% 0 — Consumer Cyclical
15 Sical Logistics LimitedSICALLOG 21,435 ₹80.00 ₹638 9.0 4.86 0.70× 41.7% 0 — Industrials
16 Suratwwala Business Group LimitedSBGLP 23,874 ₹20.95 ₹363 8.8 3.48 0.58× 39.7% 0.54% — Real Estate
17 Suzlon Energy LimitedSUZLON 20,486 ₹38.57 ₹53,019 16.9 5.60 0.48× 39.4% 0 — Industrials
18 Fischer Medical Ventures LimitedFISCHER 24,986 ₹23.87 ₹1,667 10.2 4.34 0.43× 39.3% 0.16% ⚑ Healthcare
19 Baroda Extrusion LimitedBAROEXT 21,362 ₹8.81 ₹171 16.6 6.87 0.55× 37.4% 0 — Basic Materials
20 Royal India Corporation LimitedROYALIND 24,258 ₹5.39 ₹63 1.3 0.47 0.30× 37.3% 0 — Consumer Cyclical

Top 50

21 Shukra Pharmaceuticals LimitedSHUKRAPHAR 8,357 ₹62.53 ₹2,767 80.2 30.80 0.23× 37.2% 0.01% — Healthcare
22 Shah Alloys LimitedSHAHALLOYS 23,829 ₹72.79 ₹144 3.5 1.29 0.46× 37.1% 0 — Basic Materials
23 California Software Company LimitedCALSOFT 24,259 ₹28.92 ₹68 12.2 1.65 0.17× 35.5% 0 — Technology
24 Galaxy Agrico Exports LimitedGALAGEX 20,054 ₹97.90 ₹155 8.1 2.81 0.01× 34.9% 0 — Industrials
25 GMR Power And Urban Infra LimitedGMRP&UI 16,225 ₹96.62 ₹7,546 11.6 3.96 0.88× 34.3% 0 ⚑ Energy
26 Alpine Texworld LimitedALPINETEX 23,607 ₹37.29 ₹142 6.6 1.96 0.75× 33.9% 0 — Consumer Cyclical
27 Aayush Wellness LimitedAAYUSH 18,953 ₹24.48 ₹119 27.8 9.72 0.30× 33.8% 0 — Consumer Defensive
28 Algoquant Fintech LimitedALGOQUANT 15,594 ₹74.48 ₹2,093 46.0 15.57 0.51× 33.7% 0 ⚑ Financial Services
29 Sigma Solve LimitedSIGMA 22,718 ₹42.66 ₹438 17.3 5.69 0.14× 32.9% 1.13% — Technology
30 Vardhman Acrylics LimitedVARDHACRLC 24,052 ₹41.60 ₹334 4.1 1.32 0.26× 32.1% 3.52% — Consumer Cyclical
31 International Conveyors LimitedINTLCONV 24,322 ₹76.89 ₹490 3.6 1.16 0.25× 32.0% 0.65% — Industrials
32 Dhvija Finance LimitedDHVIJAFIN 23,398 ₹9.49 ₹46 9.2 2.88 0.45× 31.3% 0 — Financial Services
33 Bajaj Hindusthan Sugar LimitedBAJAJHIND 21,345 ₹18.97 ₹4,531 15.4 1.19 0.73× 29.2% 0 — Consumer Defensive
34 Motherson Sumi Wiring India LimitedMSUMI 19,703 ₹34.95 ₹23,177 36.8 10.72 0.54× 29.1% 1.73% — Consumer Cyclical
35 String Metaverse LimitedMETA 26,433 ₹6.81 ₹830 10.2 2.51 0.03× 29.0% 0 — Technology
36 GK Energy LimitedGKENERGY 25,831 ₹95.92 ₹1,945 8.3 2.19 0.32× 26.3% 0.44% — Utilities
37 Gujarat Inject (Kerala) LimitedGUJINJEC 16,469 ₹9.79 ₹143 46.6 12.12 0.68× 25.9% 0 — Healthcare
38 Nagreeka Capital & Infrastructure Ltd.NAGREEKCAP 20,645 ₹24.01 ₹30 4.1 1.06 0.80× 25.9% 0 — Financial Services
39 Insolation Energy LimitedINA 24,570 ₹66.63 ₹1,469 7.3 1.82 0.62× 24.9% 0 — Technology
40 NBCC (India) LimitedNBCC 22,489 ₹70.50 ₹19,035 25.7 6.31 0.80× 24.6% 1.26% — Industrials
41 Bhagyanagar India LimitedBHAGYANGR 21,908 ₹63.95 ₹214 3.3 0.83 0.59× 24.4% 0 ⚑ Basic Materials
42 Indo Thai Securities LimitedINDOTHAI 27,057 ₹32.68 ₹423 6.1 1.49 0.23× 24.4% 0.54% — Financial Services
43 Jayaswal Neco Industries LimitedJAYNECOIND 21,000 ₹91.04 ₹8,839 12.8 3.11 0.52× 24.2% 0 ⚑ Basic Materials
44 Lancor Holdings LimitedLANCORHOL 23,679 ₹29.04 ₹213 3.7 0.89 0.44× 24.1% 0.69% — Real Estate
45 Vaxtex Cotfab LimitedVCL 22,393 ₹1.48 ₹27 5.1 1.21 0.39× 24.0% 0 — Consumer Cyclical
46 ShreeOswal Seeds and Chemicals LimitedOSWALSEEDS 23,737 ₹11.03 ₹100 8.3 1.98 0.64× 23.9% 0 — Basic Materials
47 Premier Polyfilm Ltd.PREMIERPOL 21,485 ₹92.74 ₹971 27.8 6.60 0.27× 23.7% 0.15% — Basic Materials
48 Bank of MaharashtraMAHABANK 22,815 ₹78.48 ₹60,363 8.0 1.82 0.92× 23.0% 2.65% — Financial Services
49 HMA Agro Industries LimitedHMAAGRO 23,964 ₹24.02 ₹1,202 5.6 1.28 0.60× 22.6% 0 — Consumer Defensive
50 Roto Pumps LimitedROTO 22,774 ₹56.82 ₹1,070 20.0 4.46 0.31× 22.3% 0.32% — Industrials

Top 100

51 NMDC LimitedNMDC 23,814 ₹68.88 ₹60,558 8.1 1.78 0.29× 21.9% 2.79% — Basic Materials
52 Bombay Super Hybrid Seeds LimitedBSHSL 21,810 ₹88.10 ₹924 32.0 7.06 0.48× 21.5% 0 — Basic Materials
53 Kamdhenu LimitedKAMDHENU 22,654 ₹35.15 ₹990 11.8 2.50 0.12× 21.2% 1.10% — Basic Materials
54 Syncom Formulations (India) LimitedSYNCOMF 21,479 ₹22.08 ₹2,075 23.5 5.00 0.22× 21.1% 0.43% — Healthcare
55 MMTC LimitedMMTC 24,415 ₹52.06 ₹7,809 17.5 3.68 0.24× 21.1% 0 — Industrials
56 BLB LimitedBLBLIMITED 24,156 ₹15.38 ₹81 3.0 0.62 0.02× 21.0% 0 — Financial Services
57 Hindustan Motors LimitedHINDMOTORS 21,056 ₹13.12 ₹273 39.8 7.60 — 20.9% — — Consumer Cyclical
58 Dev Labtech Venture LimitedDEVLAB 23,188 ₹24.80 ₹117 24.6 2.31 0.69× 20.8% 0 — Consumer Cyclical
59 Sampann Utpadan India LimitedSAMPANN 21,772 ₹22.58 ₹115 15.7 2.42 0.69× 20.7% 0 — Basic Materials
60 Tara Chand Infralogistic Solutions LimitedTARACHAND 24,197 ₹47.85 ₹377 16.5 2.53 0.71× 20.6% 0.43% — Industrials
61 Autoline Industries LimitedAUTOIND 21,054 ₹77.12 ₹349 8.8 1.78 0.74× 20.2% 0 — Consumer Cyclical
62 Zee Learn LimitedZEELEARN 21,424 ₹5.77 ₹189 4.0 0.81 0.85× 20.0% 0 ⚑ Consumer Defensive
63 Radhika Jeweltech LimitedRADHIKAJWE 24,094 ₹61.39 ₹724 9.1 1.82 0.17× 20.0% 0 — Consumer Cyclical
64 Filatex India LimitedFILATEX 22,846 ₹96.76 ₹4,296 22.5 2.86 0.39× 19.9% 0.28% — Consumer Cyclical
65 Ascensive Educare LimitedASCENSIVE 22,319 ₹15.80 ₹72 225.7 3.82 0.47× 19.8% 0 — Consumer Defensive
66 Mangalam Global Enterprise LimitedMGEL 21,876 ₹17.03 ₹561 11.8 2.26 0.69× 19.1% 0.06% — Consumer Defensive
67 DRC Systems India LimitedDRCSYSTEMS 23,281 ₹11.34 ₹163 7.7 1.45 0.27× 18.9% 0 — Technology
68 TAKE LIMITEDTAKE 22,112 ₹11.50 ₹168 29.5 5.42 0.14× 18.9% 0 — Healthcare
69 Goyal Aluminiums LimitedGOYALALUM 24,304 ₹5.62 ₹80 17.0 3.16 0.45× 18.8% 0 — Basic Materials
70 Vivid Mercantile LimitedVIVIDM 22,510 ₹6.01 ₹60 6.0 1.07 0.21× 18.5% 0 — Industrials
71 Raj Rayon Industries LimitedRAJRILTD 17,370 ₹21.35 ₹1,187 49.7 7.59 0.74× 18.4% 0 ⚑ Consumer Cyclical
72 Avio Smart Market Stack LimitedASMS 24,223 ₹5.54 ₹168 26.4 4.94 0.50× 18.3% 0 — Technology
73 Medico Remedies LimitedMEDICO 25,260 ₹20.50 ₹170 12.3 2.25 0.51× 18.2% 0 — Healthcare
74 TPL Plastech LimitedTPLPLASTEH 23,791 ₹64.69 ₹504 16.8 2.99 0.34× 17.8% 1.93% — Consumer Cyclical
75 Reliance Infrastructure LimitedRELINFRA 22,469 ₹50.47 ₹2,060 0.7 0.12 0.59× 17.6% 0 ⚑ Utilities
76 Maestros Electronics & Telecommunications Systems LimitedMETSL 25,268 ₹76.45 ₹84 11.4 2.00 0.35× 17.6% 0 — Healthcare
77 Geekay Wires LimitedGEEKAYWIRE 22,773 ₹28.84 ₹301 10.5 1.70 0.52× 17.4% 1.09% — Industrials
78 Mangalam Worldwide LimitedMWL 20,961 ₹39.50 ₹1,173 22.6 3.91 0.67× 17.3% 0.07% — Basic Materials
79 Deep Polymers LimitedDEEP 23,943 ₹38.95 ₹94 5.2 0.90 0.29× 17.2% 0 — Basic Materials
80 Viji Finance LimitedVIJIFIN 14,009 ₹16.33 ₹377 58.3 16.15 0.31× 17.1% 0 — Financial Services
81 Black Rose Industries LimitedBLACKROSE 23,794 ₹96.75 ₹493 17.2 2.91 0.19× 16.9% 1.21% — Basic Materials
82 Consecutive Commodities LimitedCCDL 22,368 ₹0.88 ₹56 4.6 2.81 0.06× 16.6% 0 — Financial Services
83 Donear Industries LimitedDONEAR 23,327 ₹78.46 ₹407 8.9 1.47 0.68× 16.6% 0.25% — Consumer Cyclical
84 Indian Overseas BankIOB 23,983 ₹29.86 ₹57,500 9.8 1.48 0.92× 16.5% 0 — Financial Services
85 Master Trust LimitedMASTERTR 25,321 ₹75.03 ₹922 6.7 1.13 0.64× 16.5% 0 — Financial Services
86 Supha Pharmachem LimitedSUPHA 14,906 ₹0.25 ₹22 1.9 0.21 0.94× 16.2% 0 — Healthcare
87 Real Eco-Energy LimitedREALECO 17,611 ₹4.15 ₹41 37.7 6.13 0.74× 16.1% 0 — Real Estate
88 Magellanic Cloud LimitedMCLOUD 24,405 ₹24.36 ₹1,434 13.0 2.09 0.40× 16.1% 0 ⚑ Technology
89 Usha Martin Education & Solutions LimitedUMESLTD 21,868 ₹4.52 ₹11 32.3 4.87 0.23× 15.9% 0 — Consumer Defensive
90 U. Y. Fincorp LimitedUYFINCORP 23,854 ₹23.57 ₹448 7.2 1.15 0.08× 15.9% 0 — Financial Services
91 Viram Suvarn LimitedVSL 23,915 ₹9.86 ₹111 11.3 1.76 0.03× 15.8% 0 — Consumer Cyclical
92 Aartech Solonics LimitedAARTECH 22,262 ₹46.20 ₹146 30.0 4.18 0.31× 15.8% 0.26% — Industrials
93 Jonjua Overseas LimitedJONJUA 24,351 ₹2.81 ₹9 1.2 0.19 0.39× 15.6% 0 — Industrials
94 Vibrant Global Capital LimitedVGCL 24,299 ₹49.76 ₹113 4.2 0.68 0.30× 15.5% 8.00% — Financial Services
95 Tembo Global Industries LimitedTEMBO 25,339 ₹52.14 ₹1,009 11.0 2.23 0.62× 15.5% 0.18% — Industrials
96 M.K. Exim (India) LimitedMKEXIM 23,205 ₹52.41 ₹211 11.4 1.78 0.05× 15.4% 1.04% — Consumer Defensive
97 Xchanging Solutions LimitedXCHANGING 25,239 ₹57.04 ₹635 10.4 1.60 0.24× 15.3% 3.33% — Technology
98 Veranda Learning Solutions LimitedVERANDA 26,153 ₹34.03 ₹328 2.2 0.34 0.48× 15.2% 0 — Consumer Defensive
99 Shankar Lal Rampal Dye-Chem LimitedSRD 25,215 ₹37.82 ₹241 13.1 1.97 0.22× 15.1% 0.14% — Basic Materials
100 Latteys Industries LimitedLATTEYS 22,858 ₹19.61 ₹112 31.6 4.73 0.71× 15.0% 0 — Industrials

High ROE in other groups · India

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Questions

Which companies priced under ₹100 in India have the highest return on equity?

The first five on PositoAI's list are Narmada Macplast Drip Irrigation Systems Ltd. (144.1%), Gravity (India) Limited (115.7%), Orosil Smiths India Limited (104.0%), Digjam Limited (88.3%), Ardee Industries Limited (80.7%).

How many companies priced under ₹100 in India have a positive return on equity?

462 of the 739 companies priced under ₹100 in India on PositoAI have a positive return on equity; this page shows the top 100.

How is this list made?

Companies ordered by return on equity (profit on shareholders' money), highest first. Extreme figures above 250% are left out. The list is updated every day from PositoAI's data.

Is a low share price a good sign?

A low share price does not make a stock cheap: what matters is the company's value compared with its earnings and assets (P/E, P/B). Very low-priced stocks are often small, thinly traded and more volatile.

Companies ordered by return on equity (profit on shareholders' money), highest first. Extreme figures above 250% are left out. Score is the Positivity Score; Owes vs Owns is everything a company owes compared with everything it owns (what each figure means); ⚑ marks an active red or yellow flag. All low price lists for India. PositoAI is for research and education only and is not investment advice.

Disclaimer — PositoAI is a research and screening tool for educational and informational purposes. It is not investment advice or a recommendation to buy or sell any security or mutual fund. Scores and rankings are calculated by PositoAI's own method using publicly available data, which may be incomplete, delayed or inaccurate, and past performance does not indicate future results. AI summaries of company news may contain errors. PositoAI is not registered with the SEC, SEBI or any other regulatory authority. Please do your own research or consult a licensed financial advisor before investing.