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Top 10 High ROE Stocks Under ₹50 in India — Top 100 List

Of the 477 companies priced under ₹50 in India on PositoAI, 280 have a positive return on equity. First on the list is Narmada Macplast Drip Irrigation Systems Ltd. (144.1%). The median among them is 8.00%. None 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 low
#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 Ardee Industries LimitedARDEE 19,840 ₹43.37 ₹1,367 15.9 9.28 0.59× 80.7% 0 — Industrials
5 Panth Infinity LimitedPANTH 21,104 ₹11.46 ₹63 0.9 0.64 0.50× 71.0% 0 — Consumer Cyclical
6 Dev Information Technology LimitedDEVIT 24,767 ₹18.72 ₹106 1.4 0.98 0.42× 69.2% 0.52% — Technology
7 Shekhawati Industries LimitedSHEKHAWATI 23,462 ₹22.00 ₹75 6.1 3.45 0.31× 56.1% 0 — Consumer Cyclical
8 Standard Industries LimitedSIL 22,243 ₹17.99 ₹115 1.9 1.01 0.40× 53.8% 3.22% — Consumer Cyclical
9 R M Drip and Sprinklers Systems LimitedRMDRIP 21,702 ₹17.76 ₹760 8.4 6.85 0.46× 47.5% 0.14% — Industrials
10 Elitecon International LimitedELITECON 25,385 ₹6.76 ₹1,080 5.8 3.10 0.72× 46.8% 0 — Consumer Defensive

Top 20

11 Suratwwala Business Group LimitedSBGLP 23,874 ₹20.95 ₹363 8.8 3.48 0.58× 39.7% 0.54% — Real Estate
12 Suzlon Energy LimitedSUZLON 20,486 ₹38.57 ₹53,019 16.9 5.60 0.48× 39.4% 0 — Industrials
13 Fischer Medical Ventures LimitedFISCHER 24,986 ₹23.87 ₹1,667 10.2 4.34 0.43× 39.3% 0.16% ⚑ Healthcare
14 Baroda Extrusion LimitedBAROEXT 21,362 ₹8.81 ₹171 16.6 6.87 0.55× 37.4% 0 — Basic Materials
15 Royal India Corporation LimitedROYALIND 24,258 ₹5.39 ₹63 1.3 0.47 0.30× 37.3% 0 — Consumer Cyclical
16 California Software Company LimitedCALSOFT 24,259 ₹28.92 ₹68 12.2 1.65 0.17× 35.5% 0 — Technology
17 Alpine Texworld LimitedALPINETEX 23,607 ₹37.29 ₹142 6.6 1.96 0.75× 33.9% 0 — Consumer Cyclical
18 Aayush Wellness LimitedAAYUSH 18,953 ₹24.48 ₹119 27.8 9.72 0.30× 33.8% 0 — Consumer Defensive
19 Sigma Solve LimitedSIGMA 22,718 ₹42.66 ₹438 17.3 5.69 0.14× 32.9% 1.13% — Technology
20 Vardhman Acrylics LimitedVARDHACRLC 24,052 ₹41.60 ₹334 4.1 1.32 0.26× 32.1% 3.52% — Consumer Cyclical

Top 50

21 Dhvija Finance LimitedDHVIJAFIN 23,398 ₹9.49 ₹46 9.2 2.88 0.45× 31.3% 0 — Financial Services
22 Bajaj Hindusthan Sugar LimitedBAJAJHIND 21,345 ₹18.97 ₹4,531 15.4 1.19 0.73× 29.2% 0 — Consumer Defensive
23 Motherson Sumi Wiring India LimitedMSUMI 19,703 ₹34.95 ₹23,177 36.8 10.72 0.54× 29.1% 1.73% — Consumer Cyclical
24 String Metaverse LimitedMETA 26,433 ₹6.81 ₹830 10.2 2.51 0.03× 29.0% 0 — Technology
25 Gujarat Inject (Kerala) LimitedGUJINJEC 16,469 ₹9.79 ₹143 46.6 12.12 0.68× 25.9% 0 — Healthcare
26 Nagreeka Capital & Infrastructure Ltd.NAGREEKCAP 20,645 ₹24.01 ₹30 4.1 1.06 0.80× 25.9% 0 — Financial Services
27 Indo Thai Securities LimitedINDOTHAI 27,057 ₹32.68 ₹423 6.1 1.49 0.23× 24.4% 0.54% — Financial Services
28 Lancor Holdings LimitedLANCORHOL 23,679 ₹29.04 ₹213 3.7 0.89 0.44× 24.1% 0.69% — Real Estate
29 Vaxtex Cotfab LimitedVCL 22,393 ₹1.48 ₹27 5.1 1.21 0.39× 24.0% 0 — Consumer Cyclical
30 ShreeOswal Seeds and Chemicals LimitedOSWALSEEDS 23,737 ₹11.03 ₹100 8.3 1.98 0.64× 23.9% 0 — Basic Materials
31 HMA Agro Industries LimitedHMAAGRO 23,964 ₹24.02 ₹1,202 5.6 1.28 0.60× 22.6% 0 — Consumer Defensive
32 Kamdhenu LimitedKAMDHENU 22,654 ₹35.15 ₹990 11.8 2.50 0.12× 21.2% 1.10% — Basic Materials
33 Syncom Formulations (India) LimitedSYNCOMF 21,479 ₹22.08 ₹2,075 23.5 5.00 0.22× 21.1% 0.43% — Healthcare
34 BLB LimitedBLBLIMITED 24,156 ₹15.38 ₹81 3.0 0.62 0.02× 21.0% 0 — Financial Services
35 Hindustan Motors LimitedHINDMOTORS 21,056 ₹13.12 ₹273 39.8 7.60 — 20.9% — — Consumer Cyclical
36 Dev Labtech Venture LimitedDEVLAB 23,188 ₹24.80 ₹117 24.6 2.31 0.69× 20.8% 0 — Consumer Cyclical
37 Sampann Utpadan India LimitedSAMPANN 21,772 ₹22.58 ₹115 15.7 2.42 0.69× 20.7% 0 — Basic Materials
38 Tara Chand Infralogistic Solutions LimitedTARACHAND 24,197 ₹47.85 ₹377 16.5 2.53 0.71× 20.6% 0.43% — Industrials
39 Zee Learn LimitedZEELEARN 21,424 ₹5.77 ₹189 4.0 0.81 0.85× 20.0% 0 ⚑ Consumer Defensive
40 Ascensive Educare LimitedASCENSIVE 22,319 ₹15.80 ₹72 225.7 3.82 0.47× 19.8% 0 — Consumer Defensive
41 Mangalam Global Enterprise LimitedMGEL 21,876 ₹17.03 ₹561 11.8 2.26 0.69× 19.1% 0.06% — Consumer Defensive
42 DRC Systems India LimitedDRCSYSTEMS 23,281 ₹11.34 ₹163 7.7 1.45 0.27× 18.9% 0 — Technology
43 TAKE LIMITEDTAKE 22,112 ₹11.50 ₹168 29.5 5.42 0.14× 18.9% 0 — Healthcare
44 Goyal Aluminiums LimitedGOYALALUM 24,304 ₹5.62 ₹80 17.0 3.16 0.45× 18.8% 0 — Basic Materials
45 Vivid Mercantile LimitedVIVIDM 22,510 ₹6.01 ₹60 6.0 1.07 0.21× 18.5% 0 — Industrials
46 Raj Rayon Industries LimitedRAJRILTD 17,370 ₹21.35 ₹1,187 49.7 7.59 0.74× 18.4% 0 ⚑ Consumer Cyclical
47 Avio Smart Market Stack LimitedASMS 24,223 ₹5.54 ₹168 26.4 4.94 0.50× 18.3% 0 — Technology
48 Medico Remedies LimitedMEDICO 25,260 ₹20.50 ₹170 12.3 2.25 0.51× 18.2% 0 — Healthcare
49 Geekay Wires LimitedGEEKAYWIRE 22,773 ₹28.84 ₹301 10.5 1.70 0.52× 17.4% 1.09% — Industrials
50 Mangalam Worldwide LimitedMWL 20,961 ₹39.50 ₹1,173 22.6 3.91 0.67× 17.3% 0.07% — Basic Materials

Top 100

51 Deep Polymers LimitedDEEP 23,943 ₹38.95 ₹94 5.2 0.90 0.29× 17.2% 0 — Basic Materials
52 Viji Finance LimitedVIJIFIN 14,009 ₹16.33 ₹377 58.3 16.15 0.31× 17.1% 0 — Financial Services
53 Consecutive Commodities LimitedCCDL 22,368 ₹0.88 ₹56 4.6 2.81 0.06× 16.6% 0 — Financial Services
54 Indian Overseas BankIOB 23,983 ₹29.86 ₹57,500 9.8 1.48 0.92× 16.5% 0 — Financial Services
55 Supha Pharmachem LimitedSUPHA 14,906 ₹0.25 ₹22 1.9 0.21 0.94× 16.2% 0 — Healthcare
56 Real Eco-Energy LimitedREALECO 17,611 ₹4.15 ₹41 37.7 6.13 0.74× 16.1% 0 — Real Estate
57 Magellanic Cloud LimitedMCLOUD 24,405 ₹24.36 ₹1,434 13.0 2.09 0.40× 16.1% 0 ⚑ Technology
58 Usha Martin Education & Solutions LimitedUMESLTD 21,868 ₹4.52 ₹11 32.3 4.87 0.23× 15.9% 0 — Consumer Defensive
59 U. Y. Fincorp LimitedUYFINCORP 23,854 ₹23.57 ₹448 7.2 1.15 0.08× 15.9% 0 — Financial Services
60 Viram Suvarn LimitedVSL 23,915 ₹9.86 ₹111 11.3 1.76 0.03× 15.8% 0 — Consumer Cyclical
61 Aartech Solonics LimitedAARTECH 22,262 ₹46.20 ₹146 30.0 4.18 0.31× 15.8% 0.26% — Industrials
62 Jonjua Overseas LimitedJONJUA 24,351 ₹2.81 ₹9 1.2 0.19 0.39× 15.6% 0 — Industrials
63 Vibrant Global Capital LimitedVGCL 24,299 ₹49.76 ₹113 4.2 0.68 0.30× 15.5% 8.00% — Financial Services
64 Veranda Learning Solutions LimitedVERANDA 26,153 ₹34.03 ₹328 2.2 0.34 0.48× 15.2% 0 — Consumer Defensive
65 Shankar Lal Rampal Dye-Chem LimitedSRD 25,215 ₹37.82 ₹241 13.1 1.97 0.22× 15.1% 0.14% — Basic Materials
66 Latteys Industries LimitedLATTEYS 22,858 ₹19.61 ₹112 31.6 4.73 0.71× 15.0% 0 — Industrials
67 ABans Enterprises LimitedABANSENT 24,550 ₹31.07 ₹216 6.8 1.00 0.45× 14.8% 0 — Financial Services
68 B. N. Rathi Securities LimitedBNRSEC 23,633 ₹16.94 ₹70 6.2 0.90 0.62× 14.4% 2.94% — Financial Services
69 A-1 LimitedA1L 25,824 ₹4.99 ₹229 31.2 4.25 0.49× 14.3% 0.89% — Basic Materials
70 Indiabulls LimitedIBULLSLTD 21,661 ₹33.29 ₹7,460 17.8 2.42 0.26× 14.1% 0 — Real Estate
71 Jaysynth Orgochem LimitedJAYSYNTH 24,919 ₹13.34 ₹179 9.7 1.35 0.39× 13.8% 0.33% — Basic Materials
72 Accedere LimitedACCEDERE 24,819 ₹39.90 ₹18 28.7 3.60 0.19× 13.7% 0.26% — Technology
73 Aastha Spintex LimitedAASTHA 25,090 ₹23.59 ₹208 8.8 1.36 0.70× 13.7% 0.18% — Consumer Cyclical
74 Century Extrusions LimitedCENTEXT 23,016 ₹18.50 ₹148 13.1 1.79 0.56× 13.6% 0 — Basic Materials
75 Jyoti Structures LimitedJYOTISTRUC 17,786 ₹8.08 ₹964 15.0 2.03 0.84× 13.6% 0 — Industrials
76 Mishtann Foods LimitedMISHTANN 25,044 ₹2.88 ₹310 1.8 0.24 0.43× 13.4% 0 — Consumer Defensive
77 Anlon Healthcare LimitedAHCL 21,820 ₹24.35 ₹1,294 35.8 5.62 0.32× 13.3% 0 — Healthcare
78 Nila Infrastructures LimitedNILAINFRA 24,745 ₹6.13 ₹241 9.7 1.29 0.79× 13.2% 0 — Real Estate
79 Motisons Jewellers LimitedMOTISONS 22,358 ₹15.88 ₹1,806 25.2 3.62 0.13× 13.1% 0 — Consumer Cyclical
80 BCL Industries LimitedBCLIND 23,799 ₹28.40 ₹838 7.2 0.92 0.39× 12.8% 1.16% — Consumer Defensive
81 Vertoz LimitedVERTOZ 25,649 ₹30.55 ₹260 9.5 1.12 0.46× 12.7% 0.32% — Technology
82 Almondz Global Securities LimitedALMONDZ 23,336 ₹17.78 ₹339 9.4 1.26 0.23× 12.6% 0 — Financial Services
83 Rhetan TMT LimitedRHETAN 19,998 ₹15.70 ₹1,251 92.4 11.52 0.34× 12.5% 0 — Basic Materials
84 Ashapuri Gold Ornament LimitedAGOL 22,166 ₹7.45 ₹248 12.0 1.49 0.04× 12.4% 0 — Consumer Cyclical
85 Globe International Carriers LimitedGICL 24,050 ₹26.32 ₹294 30.3 3.00 0.37× 12.4% 0 — Industrials
86 The Ugar Sugar Works LimitedUGARSUGAR 19,813 ₹48.95 ₹550 19.1 2.36 0.82× 12.3% 0.18% — Consumer Defensive
87 K.M. Sugar Mills LimitedKMSUGAR 23,178 ₹29.85 ₹274 5.7 0.70 0.48× 12.3% 0 — Consumer Defensive
88 PVV Infra LimitedPVVINFRA 24,739 ₹2.01 ₹30 3.2 0.39 0.35× 12.2% 0 — Basic Materials
89 Allcargo Terminals LimitedATL 21,952 ₹25.37 ₹639 17.4 1.81 0.72× 12.1% 0 — Industrials
90 Kellton Tech Solutions LimitedKELLTONTEC 24,400 ₹11.30 ₹600 6.8 0.75 0.28× 11.8% 0 — Technology
91 A B Infrabuild LimitedABINFRA 21,207 ₹13.23 ₹845 44.1 4.99 0.53× 11.8% 0.05% — Industrials
92 Beardsell LimitedBEARDSELL 24,238 ₹23.31 ₹91 8.5 1.00 0.48× 11.7% 0.47% — Industrials
93 Central Bank of IndiaCENTRALBK 24,765 ₹30.01 ₹27,163 6.0 0.66 0.93× 11.6% 3.32% — Financial Services
94 Coastal Corporation LimitedCOASTCORP 23,065 ₹33.71 ₹225 7.0 0.80 0.66× 11.4% 0.77% — Consumer Defensive
95 Rajshree Polypack LimitedRPPL 23,563 ₹17.07 ₹126 6.2 0.70 0.47× 11.3% 0 — Consumer Cyclical
96 Radiant Cash Management Services LimitedRADIANTCMS 24,113 ₹31.74 ₹338 10.8 1.22 0.46× 11.3% 7.45% — Industrials
97 Kahan Packaging LimitedKAHAN 25,472 ₹9.97 ₹10 9.3 0.98 0.56× 11.2% 0 — Consumer Cyclical
98 Raama Finance LimitedRAAMA 23,464 ₹12.17 ₹98 30.4 3.37 0.33× 11.2% 0 — Financial Services
99 Surana Solar LimitedSURANASOL 23,425 ₹22.52 ₹110 17.3 1.93 0.15× 11.2% 0 — Technology
100 Airan LimitedAIRAN 25,462 ₹14.15 ₹176 11.8 1.13 0.14× 11.2% 0 — Technology

High ROE in other groups · India

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Questions

Which companies priced under ₹50 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%), Ardee Industries Limited (80.7%), Panth Infinity Limited (71.0%).

How many companies priced under ₹50 in India have a positive return on equity?

280 of the 477 companies priced under ₹50 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.