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Top 10 Fundamentally Strong Stocks Under ₹500 in India — Top 100 List

Of the 1,652 companies priced under ₹500 in India on PositoAI, 176 pass all four tests (profit-making, return on equity of 15% or more, Owes vs Owns of 0.5 or less, no red or yellow flag). First on the list is Oswal Pumps Limited (Positivity Score 26,615). 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 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 Oswal Pumps LimitedOSWALPUMPS 26,615 ₹230.75 ₹2,630 7.7 1.56 0.22× 19.3% 0 — Industrials
2 String Metaverse LimitedMETA 26,433 ₹6.81 ₹830 10.2 2.51 0.03× 29.0% 0 — Technology
3 Veranda Learning Solutions LimitedVERANDA 26,153 ₹34.03 ₹328 2.2 0.34 0.48× 15.2% 0 — Consumer Defensive
4 GK Energy LimitedGKENERGY 25,831 ₹95.92 ₹1,945 8.3 2.19 0.32× 26.3% 0.44% — Utilities
5 Ecos (India) Mobility & Hospitality LimitedECOSMOBLTY 25,543 ₹102.42 ₹614 10.5 2.32 0.36× 22.1% 2.27% — Industrials
6 Innovision LimitedINNOVISION 25,369 ₹215.20 ₹512 12.8 1.74 0.38× 31.0% 0 — Industrials
7 Ashoka Buildcon LimitedASHOKA 25,361 ₹101.09 ₹2,837 1.2 0.43 0.50× 37.4% 0 — Industrials
8 Zuari Agro Chemicals LimitedZUARI 25,293 ₹194.35 ₹817 0.9 0.39 0.36× 45.0% 0 — Basic Materials
9 Maestros Electronics & Telecommunications Systems LimitedMETSL 25,268 ₹76.45 ₹84 11.4 2.00 0.35× 17.6% 0 — Healthcare
10 Xchanging Solutions LimitedXCHANGING 25,239 ₹57.04 ₹635 10.4 1.60 0.24× 15.3% 3.33% — Technology

Top 20

11 Shankar Lal Rampal Dye-Chem LimitedSRD 25,215 ₹37.82 ₹241 13.1 1.97 0.22× 15.1% 0.14% — Basic Materials
12 Crizac LimitedCRIZAC 24,904 ₹142.72 ₹2,497 11.3 4.27 0.32× 37.7% 10.57% — Consumer Defensive
13 Siyaram Silk Mills LimitedSIYSIL 24,796 ₹490.40 ₹2,224 9.4 1.52 0.33× 16.2% 2.22% — Consumer Cyclical
14 Dev Information Technology LimitedDEVIT 24,767 ₹18.72 ₹106 1.4 0.98 0.42× 69.2% 0.52% — Technology
15 Borana Weaves LimitedBORANA 24,736 ₹217.25 ₹578 8.4 2.06 0.23× 24.6% 0 — Consumer Cyclical
16 Maxgrow India LimitedMAXGROW 24,716 ₹199.30 ₹796 1.5 0.38 0.30× 42.8% 0 — Industrials
17 Jaro Institute of Technology Management and Research LimitedJARO 24,522 ₹394.40 ₹878 15.0 2.44 0.16× 15.9% 1.48% — Consumer Defensive
18 The Sandur Manganese & Iron Ores LimitedSANDUMA 24,473 ₹162.08 ₹7,878 11.0 2.42 0.41× 22.0% 0.28% — Basic Materials
19 MMTC LimitedMMTC 24,415 ₹52.06 ₹7,809 17.5 3.68 0.24× 21.1% 0 — Industrials
20 Saksoft LimitedSAKSOFT 24,364 ₹138.08 ₹1,774 13.9 2.28 0.28× 16.4% 0.79% — Technology

Top 50

21 Jonjua Overseas LimitedJONJUA 24,351 ₹2.81 ₹9 1.2 0.19 0.39× 15.6% 0 — Industrials
22 International Conveyors LimitedINTLCONV 24,322 ₹76.89 ₹490 3.6 1.16 0.25× 32.0% 0.65% — Industrials
23 Goyal Aluminiums LimitedGOYALALUM 24,304 ₹5.62 ₹80 17.0 3.16 0.45× 18.8% 0 — Basic Materials
24 Repro India LimitedREPRO 24,279 ₹290.20 ₹416 4.3 1.19 0.44× 27.9% 0 — Industrials
25 Krishna GVK Luxury Hotels LimitedTAJGVK 24,265 ₹309.60 ₹1,941 4.7 1.90 0.20× 40.0% 0.61% — Consumer Cyclical
26 California Software Company LimitedCALSOFT 24,259 ₹28.92 ₹68 12.2 1.65 0.17× 35.5% 0 — Technology
27 Royal India Corporation LimitedROYALIND 24,258 ₹5.39 ₹63 1.3 0.47 0.30× 37.3% 0 — Consumer Cyclical
28 Garuda Construction and Engineering LimitedGARUDA 24,253 ₹145.64 ₹1,355 10.0 2.98 0.29× 29.9% 0 — Industrials
29 Mahalaxmi Rubtech LimitedMHLXMIRU 24,240 ₹160.34 ₹170 7.4 1.88 0.21× 25.5% 0 — Consumer Cyclical
30 Avio Smart Market Stack LimitedASMS 24,223 ₹5.54 ₹168 26.4 4.94 0.50× 18.3% 0 — Technology
31 The Shipping Corporation of India LimitedSCI 24,188 ₹251.85 ₹11,731 7.2 1.29 0.32× 17.8% 2.71% — Industrials
32 NIIT Learning Systems LimitedNIITMTS 24,186 ₹188.64 ₹2,599 10.4 1.69 0.50× 16.2% 1.62% — Consumer Defensive
33 Patanjali Foods LimitedPATANJALI 24,133 ₹354.95 ₹38,614 19.6 2.95 0.30× 15.0% 1.12% — Consumer Defensive
34 JSW Dulux LimitedJSWDULUX 24,100 ₹302.20 ₹1,376 0.7 0.56 0.35× 80.0% 1.66% — Basic Materials
35 Radhika Jeweltech LimitedRADHIKAJWE 24,094 ₹61.39 ₹724 9.1 1.82 0.17× 20.0% 0 — Consumer Cyclical
36 Gulshan Polyols LimitedGULPOLY 24,090 ₹157.49 ₹979 6.6 1.36 0.45× 20.6% 0.94% — Basic Materials
37 Vardhman Acrylics LimitedVARDHACRLC 24,052 ₹41.60 ₹334 4.1 1.32 0.26× 32.1% 3.52% — Consumer Cyclical
38 InfoBeans Technologies LimitedINFOBEAN 23,966 ₹156.31 ₹1,515 17.9 3.66 0.15× 20.5% 0.32% — Technology
39 Refex Industries LimitedREFEX 23,946 ₹235.45 ₹3,231 11.4 2.15 0.47× 18.8% 0.79% — Energy
40 Deep Polymers LimitedDEEP 23,943 ₹38.95 ₹94 5.2 0.90 0.29× 17.2% 0 — Basic Materials
41 Newgen Software Technologies LimitedNEWGEN 23,919 ₹475.80 ₹6,725 21.6 3.78 0.27× 17.5% 1.34% — Technology
42 Viram Suvarn LimitedVSL 23,915 ₹9.86 ₹111 11.3 1.76 0.03× 15.8% 0 — Consumer Cyclical
43 Wipro LimitedWIPRO 23,912 ₹190.41 ₹1,88,380 15.1 2.43 0.41× 16.1% 4.92% — Technology
44 Chambal Fertilisers and Chemicals LimitedCHAMBLFERT 23,881 ₹374.15 ₹14,990 7.8 1.44 0.28× 18.5% 3.21% — Basic Materials
45 SKM Egg Products Export (India) LimitedSKMEGGPROD 23,878 ₹201.60 ₹1,061 9.5 2.69 0.34× 28.1% 0.60% — Consumer Defensive
46 Seshaasai Technologies LimitedSTYL 23,848 ₹310.90 ₹5,030 18.8 3.53 0.14× 18.8% 0.72% — Technology
47 Shah Alloys LimitedSHAHALLOYS 23,829 ₹72.79 ₹144 3.5 1.29 0.46× 37.1% 0 — Basic Materials
48 Orosil Smiths India LimitedOROSMITHS 23,822 ₹6.31 ₹26 1.1 1.03 0.15× 104.0% 0 — Consumer Cyclical
49 NMDC LimitedNMDC 23,814 ₹68.88 ₹60,558 8.1 1.78 0.29× 21.9% 2.79% — Basic Materials
50 Sarda Energy & Minerals LimitedSARDAEN 23,814 ₹456.25 ₹16,077 14.2 2.18 0.34× 15.3% 0.42% — Basic Materials

Top 100

51 Black Rose Industries LimitedBLACKROSE 23,794 ₹96.75 ₹493 17.2 2.91 0.19× 16.9% 1.21% — Basic Materials
52 TPL Plastech LimitedTPLPLASTEH 23,791 ₹64.69 ₹504 16.8 2.99 0.34× 17.8% 1.93% — Consumer Cyclical
53 Ddev Plastiks Industries LimitedDDEVPLSTIK 23,767 ₹247.89 ₹2,565 12.0 2.53 0.30× 21.1% 0.72% — Basic Materials
54 Vaibhav Global LimitedVAIBHAVGBL 23,708 ₹195.22 ₹3,273 11.5 1.99 0.35× 17.3% 3.01% — Consumer Cyclical
55 Indraprastha Medical Corporation LimitedINDRAMEDCO 23,699 ₹305.60 ₹2,801 14.9 3.78 0.25× 25.4% 1.22% — Healthcare
56 Jyothy Labs LimitedJYOTHYLAB 23,681 ₹177.37 ₹6,513 22.9 4.10 0.29× 17.9% 1.85% — Consumer Defensive
57 Lancor Holdings LimitedLANCORHOL 23,679 ₹29.04 ₹213 3.7 0.89 0.44× 24.1% 0.69% — Real Estate
58 Panama Petrochem LimitedPANAMAPET 23,650 ₹461.10 ₹2,789 5.8 1.90 0.23× 32.6% 0.61% — Energy
59 BLS International Services LimitedBLS 23,623 ₹219.24 ₹9,023 12.8 3.66 0.26× 28.6% 1.16% — Industrials
60 R Systems International LimitedRSYSTEMS 23,498 ₹253.40 ₹3,002 16.3 2.73 0.39× 17.3% 5.83% — Technology
61 Shekhawati Industries LimitedSHEKHAWATI 23,462 ₹22.00 ₹75 6.1 3.45 0.31× 56.1% 0 — Consumer Cyclical
62 Borosil Renewables LimitedBORORENEW 23,439 ₹396.40 ₹5,834 14.5 3.86 0.17× 25.4% 0 — Technology
63 Aeroflex Enterprises LimitedAEROENTER 23,418 ₹121.27 ₹1,372 9.1 1.66 0.17× 18.2% 0.32% — Basic Materials
64 Emmvee Photovoltaic Power LimitedEMMVEE 23,406 ₹249.05 ₹17,242 13.3 4.67 0.36× 35.0% 0.33% — Technology
65 Chembond Chemicals LimitedCHEMBONDCH 23,380 ₹224.57 ₹604 15.8 2.92 0.18× 19.9% 0.57% — Basic Materials
66 Dynamic Cables LimitedDYCL 23,331 ₹371.25 ₹1,799 19.7 3.93 0.33× 19.9% 0.12% — Industrials
67 DRC Systems India LimitedDRCSYSTEMS 23,281 ₹11.34 ₹163 7.7 1.45 0.27× 18.9% 0 — Technology
68 South West Pinnacle Exploration LimitedSOUTHWEST 23,267 ₹189.37 ₹618 14.5 3.04 0.39× 19.2% 0 — Energy
69 National Aluminium Company LimitedNATIONALUM 23,226 ₹310.90 ₹57,100 8.5 2.64 0.19× 31.2% 1.27% — Basic Materials
70 One Global Service Provider LimitedONEGLOBAL 23,212 ₹357.60 ₹724 9.5 5.13 0.44× 52.4% 0.17% — Healthcare
71 M.K. Exim (India) LimitedMKEXIM 23,205 ₹52.41 ₹211 11.4 1.78 0.05× 15.4% 1.04% — Consumer Defensive
72 Euro Pratik Sales LimitedEUROPRATIK 23,179 ₹193.73 ₹1,979 23.0 6.39 0.19× 27.9% 0.23% — Basic Materials
73 Talbros Automotive Components LimitedTALBROAUTO 23,176 ₹348.10 ₹2,148 19.2 2.89 0.32× 15.1% 0.19% — Consumer Cyclical
74 Sanghvi Movers LimitedSANGHVIMOV 23,165 ₹328.55 ₹2,844 14.3 2.17 0.44× 15.2% 0.51% — Industrials
75 Sun Pharma Advanced Research Company LimitedSPARC 23,113 ₹173.09 ₹5,617 3.5 4.20 0.38× 118.3% 0 — Healthcare
76 Kanpur Plastipack LimitedKANPRPLA 23,072 ₹235.10 ₹575 12.5 2.14 0.43× 17.1% 0.50% — Consumer Cyclical
77 Central Mine Planning & Design Institute LimitedCMPDI 23,056 ₹190.08 — 20.8 5.95 0.30× 28.6% 0.56% — Basic Materials
78 Thomas Scott (India) LimitedTHOMASCOTT 23,053 ₹285.95 ₹424 19.7 3.09 0.42× 15.1% 0 — Consumer Cyclical
79 Balu Forge Industries LimitedBALUFORGE 23,025 ₹442.55 ₹5,372 18.4 3.37 0.14× 15.6% 0.03% — Industrials
80 Bhansali Engineering Polymers LimitedBEPL 22,987 ₹111.32 ₹2,770 13.8 2.56 0.16× 18.5% 3.20% — Basic Materials
81 Sumitomo Chemical India LimitedSUMICHEM 22,983 ₹370.50 ₹18,493 31.9 5.46 0.24× 17.1% 0.33% — Basic Materials
82 D-Link (India) LimitedDLINKINDIA 22,958 ₹399.55 ₹1,418 13.2 2.81 0.38× 21.2% 6.29% — Technology
83 Manaksia Steels LimitedMANAKSTEEL 22,956 ₹108.00 ₹707 12.6 2.17 0.45× 17.2% 0 — Basic Materials
84 Filatex India LimitedFILATEX 22,846 ₹96.76 ₹4,296 22.5 2.86 0.39× 19.9% 0.28% — Consumer Cyclical
85 Roto Pumps LimitedROTO 22,774 ₹56.82 ₹1,070 20.0 4.46 0.31× 22.3% 0.32% — Industrials
86 Vesuvius India LimitedVESUVIUS 22,734 ₹388.55 ₹7,886 30.0 4.51 0.21× 15.1% 0.38% — Industrials
87 Gujarat Intrux LimitedGUJINTRX 22,721 ₹430.25 ₹147 14.1 2.25 0.09× 16.2% 5.86% — Basic Materials
88 Sigma Solve LimitedSIGMA 22,718 ₹42.66 ₹438 17.3 5.69 0.14× 32.9% 1.13% — Technology
89 RBZ Jewellers LimitedRBZJEWEL 22,689 ₹190.14 ₹760 13.4 2.54 0.38× 18.9% 0 — Consumer Cyclical
90 Gandhar Oil Refinery (India) LimitedGANDHAR 22,657 ₹295.00 ₹2,887 9.6 2.14 0.37× 22.3% 0.93% — Energy
91 Kamdhenu LimitedKAMDHENU 22,654 ₹35.15 ₹990 11.8 2.50 0.12× 21.2% 1.10% — Basic Materials
92 VST Industries LimitedVSTIND 22,637 ₹199.02 ₹3,374 12.1 2.33 0.28× 19.3% 5.96% — Consumer Defensive
93 Jaykay Enterprises LimitedJAYKAY 22,631 ₹208.10 ₹2,934 14.4 4.26 0.16× 18.1% 0 — Industrials
94 Vivid Mercantile LimitedVIVIDM 22,510 ₹6.01 ₹60 6.0 1.07 0.21× 18.5% 0 — Industrials
95 Petronet LNG LimitedPETRONET 22,459 ₹290.40 ₹43,560 10.3 1.95 0.19× 18.9% 3.43% — Energy
96 Adroit Industries (India) LimitedADROITIND 22,453 ₹162.89 ₹729 27.9 5.67 0.40× 22.5% 0 — Consumer Cyclical
97 GPT Healthcare LimitedGPTHEALTH 22,412 ₹133.55 ₹1,095 23.2 4.07 0.42× 17.5% 2.15% — Healthcare
98 Goldiam International LimitedGOLDIAM 22,404 ₹301.90 ₹4,545 21.8 4.11 0.18× 18.9% 0.92% — Consumer Cyclical
99 Vaxtex Cotfab LimitedVCL 22,393 ₹1.48 ₹27 5.1 1.21 0.39× 24.0% 0 — Consumer Cyclical
100 QMS Medical Allied Services LimitedQMSMEDI 22,368 ₹175.39 ₹339 29.8 3.26 0.46× 19.9% 0.27% — Healthcare

Fundamentally strong in other groups · India

Under ₹50Under ₹100Under ₹500

Fundamentally strong in other countries

United States

Questions

Which companies priced under ₹500 in India have strong fundamentals and the highest Positivity Score?

The first five on PositoAI's list are Oswal Pumps Limited (26,615), String Metaverse Limited (26,433), Veranda Learning Solutions Limited (26,153), GK Energy Limited (25,831), Ecos (India) Mobility & Hospitality Limited (25,543).

How many companies priced under ₹500 in India pass all four tests?

176 of the 1,652 companies priced under ₹500 in India on PositoAI pass all four tests (profit-making, return on equity of 15% or more, Owes vs Owns of 0.5 or less, no red or yellow flag); this page shows the top 100.

How is this list made?

Companies that pass four tests: they make a profit, their return on equity is 15% or more, their Owes vs Owns is 0.5 or less, and they have no active red or yellow flag. Banks and lenders are left out. The list is ordered by Positivity Score, highest first. 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 that pass four tests: they make a profit, their return on equity is 15% or more, their Owes vs Owns is 0.5 or less, and they have no active red or yellow flag. Banks and lenders are left out. The list is ordered by Positivity Score, highest first. 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.