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Top 10 High ROE Low PE Stocks Under ₹500 in India — Top 100 List

Of the 1,652 companies priced under ₹500 in India on PositoAI, 336 make a profit with a return on equity of 15% or more. First on the list is Kiri Industries Limited (0.5). 2 of the top 10 have 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 Kiri Industries LimitedKIRIINDUS 24,313 ₹469.05 ₹3,056 0.5 0.47 0.08× 88.2% 0 ⚑ Basic Materials
2 Reliance Infrastructure LimitedRELINFRA 22,469 ₹50.47 ₹2,060 0.7 0.12 0.59× 17.6% 0 ⚑ Utilities
3 JSW Dulux LimitedJSWDULUX 24,100 ₹302.20 ₹1,376 0.7 0.56 0.35× 80.0% 1.66% — Basic Materials
4 Gravity (India) LimitedGRAVITY 22,120 ₹13.96 ₹14 0.7 0.96 0.63× 115.7% 0 — Consumer Cyclical
5 Zuari Agro Chemicals LimitedZUARI 25,293 ₹194.35 ₹817 0.9 0.39 0.36× 45.0% 0 — Basic Materials
6 Panth Infinity LimitedPANTH 21,104 ₹11.46 ₹63 0.9 0.64 0.50× 71.0% 0 — Consumer Cyclical
7 Orosil Smiths India LimitedOROSMITHS 23,822 ₹6.31 ₹26 1.1 1.03 0.15× 104.0% 0 — Consumer Cyclical
8 Ashoka Buildcon LimitedASHOKA 25,361 ₹101.09 ₹2,837 1.2 0.43 0.50× 37.4% 0 — Industrials
9 Jonjua Overseas LimitedJONJUA 24,351 ₹2.81 ₹9 1.2 0.19 0.39× 15.6% 0 — Industrials
10 Royal India Corporation LimitedROYALIND 24,258 ₹5.39 ₹63 1.3 0.47 0.30× 37.3% 0 — Consumer Cyclical

Top 20

11 Dev Information Technology LimitedDEVIT 24,767 ₹18.72 ₹106 1.4 0.98 0.42× 69.2% 0.52% — Technology
12 Maxgrow India LimitedMAXGROW 24,716 ₹199.30 ₹796 1.5 0.38 0.30× 42.8% 0 — Industrials
13 Standard Industries LimitedSIL 22,243 ₹17.99 ₹115 1.9 1.01 0.40× 53.8% 3.22% — Consumer Cyclical
14 Supha Pharmachem LimitedSUPHA 14,906 ₹0.25 ₹22 1.9 0.21 0.94× 16.2% 0 — Healthcare
15 Veranda Learning Solutions LimitedVERANDA 26,153 ₹34.03 ₹328 2.2 0.34 0.48× 15.2% 0 — Consumer Defensive
16 BLB LimitedBLBLIMITED 24,156 ₹15.38 ₹81 3.0 0.62 0.02× 21.0% 0 — Financial Services
17 Bhagyanagar India LimitedBHAGYANGR 21,908 ₹63.95 ₹214 3.3 0.83 0.59× 24.4% 0 ⚑ Basic Materials
18 B&B Triplewall Containers LimitedBBTCL 21,665 ₹199.37 ₹408 3.5 3.10 0.70× 89.6% 0.44% — Consumer Cyclical
19 Shah Alloys LimitedSHAHALLOYS 23,829 ₹72.79 ₹144 3.5 1.29 0.46× 37.1% 0 — Basic Materials
20 Mukand LimitedMUKANDLTD 23,120 ₹153.38 ₹2,216 3.5 1.46 0.63× 41.5% 1.14% — Basic Materials

Top 50

21 Sun Pharma Advanced Research Company LimitedSPARC 23,113 ₹173.09 ₹5,617 3.5 4.20 0.38× 118.3% 0 — Healthcare
22 International Conveyors LimitedINTLCONV 24,322 ₹76.89 ₹490 3.6 1.16 0.25× 32.0% 0.65% — Industrials
23 Lancor Holdings LimitedLANCORHOL 23,679 ₹29.04 ₹213 3.7 0.89 0.44× 24.1% 0.69% — Real Estate
24 Zee Learn LimitedZEELEARN 21,424 ₹5.77 ₹189 4.0 0.81 0.85× 20.0% 0 ⚑ Consumer Defensive
25 Vardhman Acrylics LimitedVARDHACRLC 24,052 ₹41.60 ₹334 4.1 1.32 0.26× 32.1% 3.52% — Consumer Cyclical
26 Nagreeka Capital & Infrastructure Ltd.NAGREEKCAP 20,645 ₹24.01 ₹30 4.1 1.06 0.80× 25.9% 0 — Financial Services
27 Power Finance Corporation LimitedPFC 19,130 ₹326.90 ₹1,07,880 4.1 0.75 0.85× 18.2% 4.76% — Financial Services
28 Vibrant Global Capital LimitedVGCL 24,299 ₹49.76 ₹113 4.2 0.68 0.30× 15.5% 8.00% — Financial Services
29 Repro India LimitedREPRO 24,279 ₹290.20 ₹416 4.3 1.19 0.44× 27.9% 0 — Industrials
30 Consecutive Commodities LimitedCCDL 22,368 ₹0.88 ₹56 4.6 2.81 0.06× 16.6% 0 — Financial Services
31 Krishna GVK Luxury Hotels LimitedTAJGVK 24,265 ₹309.60 ₹1,941 4.7 1.90 0.20× 40.0% 0.61% — Consumer Cyclical
32 Dilip Buildcon LimitedDBL 23,311 ₹380.55 ₹6,181 4.8 0.91 0.63× 15.1% 0.25% — Industrials
33 REC LimitedRECLTD 17,682 ₹301.10 ₹79,286 5.0 0.93 0.87× 19.0% 4.53% — Financial Services
34 Vaxtex Cotfab LimitedVCL 22,393 ₹1.48 ₹27 5.1 1.21 0.39× 24.0% 0 — Consumer Cyclical
35 Deep Polymers LimitedDEEP 23,943 ₹38.95 ₹94 5.2 0.90 0.29× 17.2% 0 — Basic Materials
36 Indian Oil Corporation LimitedIOC 22,383 ₹130.98 ₹1,84,959 5.4 0.84 0.57× 15.3% 2.57% ⚑ Energy
37 Canara BankCANBK 23,332 ₹120.94 ₹1,09,700 5.5 0.89 0.94× 16.9% 3.51% — Financial Services
38 HMA Agro Industries LimitedHMAAGRO 23,964 ₹24.02 ₹1,202 5.6 1.28 0.60× 22.6% 0 — Consumer Defensive
39 Panama Petrochem LimitedPANAMAPET 23,650 ₹461.10 ₹2,789 5.8 1.90 0.23× 32.6% 0.61% — Energy
40 Elitecon International LimitedELITECON 25,385 ₹6.76 ₹1,080 5.8 3.10 0.72× 46.8% 0 — Consumer Defensive
41 SAMHI Hotels LimitedSAMHI 20,954 ₹150.49 ₹3,346 5.8 1.53 0.49× 37.5% 0 — Consumer Cyclical
42 Vivid Mercantile LimitedVIVIDM 22,510 ₹6.01 ₹60 6.0 1.07 0.21× 18.5% 0 — Industrials
43 Narmada Macplast Drip Irrigation Systems Ltd.NARMP 18,685 ₹22.31 ₹80 6.0 8.60 0.51× 144.1% 0 — Industrials
44 Indo Thai Securities LimitedINDOTHAI 27,057 ₹32.68 ₹423 6.1 1.49 0.23× 24.4% 0.54% — Financial Services
45 Shekhawati Industries LimitedSHEKHAWATI 23,462 ₹22.00 ₹75 6.1 3.45 0.31× 56.1% 0 — Consumer Cyclical
46 K.P. Energy LimitedKPEL 23,833 ₹172.07 ₹1,166 6.3 2.23 0.81× 34.8% 0.38% — Industrials
47 IVP LimitedIVP 23,701 ₹201.64 ₹208 6.6 1.33 0.54× 20.1% 0.68% — Basic Materials
48 Alpine Texworld LimitedALPINETEX 23,607 ₹37.29 ₹142 6.6 1.96 0.75× 33.9% 0 — Consumer Cyclical
49 Gulshan Polyols LimitedGULPOLY 24,090 ₹157.49 ₹979 6.6 1.36 0.45× 20.6% 0.94% — Basic Materials
50 Master Trust LimitedMASTERTR 25,321 ₹75.03 ₹922 6.7 1.13 0.64× 16.5% 0 — Financial Services

Top 100

51 Union Bank of IndiaUNIONBANK 23,482 ₹182.85 ₹1,39,580 6.8 1.00 0.91× 15.8% 2.89% — Financial Services
52 SRM Contractors LimitedSRM 24,630 ₹365.35 ₹838 7.1 2.26 0.58× 31.8% 0 — Industrials
53 Housing and Urban Development Corporation LimitedHUDCO 18,770 ₹151.77 ₹30,382 7.1 1.38 0.87× 19.4% 3.76% — Financial Services
54 Bharat Petroleum Corporation LimitedBPCL 23,293 ₹286.95 ₹1,22,601 7.2 1.22 0.60× 17.1% 6.95% — Energy
55 U. Y. Fincorp LimitedUYFINCORP 23,854 ₹23.57 ₹448 7.2 1.15 0.08× 15.9% 0 — Financial Services
56 The Shipping Corporation of India LimitedSCI 24,188 ₹251.85 ₹11,731 7.2 1.29 0.32× 17.8% 2.71% — Industrials
57 Insolation Energy LimitedINA 24,570 ₹66.63 ₹1,469 7.3 1.82 0.62× 24.9% 0 — Technology
58 Mahalaxmi Rubtech LimitedMHLXMIRU 24,240 ₹160.34 ₹170 7.4 1.88 0.21× 25.5% 0 — Consumer Cyclical
59 DRC Systems India LimitedDRCSYSTEMS 23,281 ₹11.34 ₹163 7.7 1.45 0.27× 18.9% 0 — Technology
60 Oswal Pumps LimitedOSWALPUMPS 26,615 ₹230.75 ₹2,630 7.7 1.56 0.22× 19.3% 0 — Industrials
61 Chambal Fertilisers and Chemicals LimitedCHAMBLFERT 23,881 ₹374.15 ₹14,990 7.8 1.44 0.28× 18.5% 3.21% — Basic Materials
62 Coal India LimitedCOALINDIA 23,182 ₹402.55 ₹2,48,080 8.0 2.08 0.58× 26.2% 6.44% — Energy
63 Bank of MaharashtraMAHABANK 22,815 ₹78.48 ₹60,363 8.0 1.82 0.92× 23.0% 2.65% — Financial Services
64 Galaxy Agrico Exports LimitedGALAGEX 20,054 ₹97.90 ₹155 8.1 2.81 0.01× 34.9% 0 — Industrials
65 NMDC LimitedNMDC 23,814 ₹68.88 ₹60,558 8.1 1.78 0.29× 21.9% 2.79% — Basic Materials
66 Life Insurance Corporation of IndiaLICI 24,324 ₹387.50 ₹4,90,187 8.2 2.78 0.97× 34.0% 2.54% — Financial Services
67 ShreeOswal Seeds and Chemicals LimitedOSWALSEEDS 23,737 ₹11.03 ₹100 8.3 1.98 0.64× 23.9% 0 — Basic Materials
68 Emami Paper Mills LimitedEMAMIPAP 22,754 ₹112.90 ₹683 8.3 1.19 0.68× 17.1% 2.77% — Basic Materials
69 GK Energy LimitedGKENERGY 25,831 ₹95.92 ₹1,945 8.3 2.19 0.32× 26.3% 0.44% — Utilities
70 Borana Weaves LimitedBORANA 24,736 ₹217.25 ₹578 8.4 2.06 0.23× 24.6% 0 — Consumer Cyclical
71 R M Drip and Sprinklers Systems LimitedRMDRIP 21,702 ₹17.76 ₹760 8.4 6.85 0.46× 47.5% 0.14% — Industrials
72 National Aluminium Company LimitedNATIONALUM 23,226 ₹310.90 ₹57,100 8.5 2.64 0.19× 31.2% 1.27% — Basic Materials
73 Websol Energy System LimitedWEBELSOLAR 21,450 ₹61.17 ₹2,655 8.6 4.21 0.32× 51.2% 0.38% ⚑ Technology
74 AuSom Enterprise LimitedAUSOMENT 23,838 ₹156.17 ₹212 8.6 1.32 0.19× 15.4% 0.67% — Financial Services
75 Autoline Industries LimitedAUTOIND 21,054 ₹77.12 ₹349 8.8 1.78 0.74× 20.2% 0 — Consumer Cyclical
76 EFC (I) LimitedEFCIL 22,057 ₹175.50 ₹2,596 8.8 3.22 0.70× 33.9% 0 — Real Estate
77 Suratwwala Business Group LimitedSBGLP 23,874 ₹20.95 ₹363 8.8 3.48 0.58× 39.7% 0.54% — Real Estate
78 Donear Industries LimitedDONEAR 23,327 ₹78.46 ₹407 8.9 1.47 0.68× 16.6% 0.25% — Consumer Cyclical
79 Sical Logistics LimitedSICALLOG 21,435 ₹80.00 ₹638 9.0 4.86 0.70× 41.7% 0 — Industrials
80 Senco Gold LimitedSENCO 22,783 ₹316.55 ₹5,188 9.1 2.06 0.64× 22.7% 0.52% — Consumer Cyclical
81 Radhika Jeweltech LimitedRADHIKAJWE 24,094 ₹61.39 ₹724 9.1 1.82 0.17× 20.0% 0 — Consumer Cyclical
82 Aeroflex Enterprises LimitedAEROENTER 23,418 ₹121.27 ₹1,372 9.1 1.66 0.17× 18.2% 0.32% — Basic Materials
83 Dhvija Finance LimitedDHVIJAFIN 23,398 ₹9.49 ₹46 9.2 2.88 0.45× 31.3% 0 — Financial Services
84 HEC Infra Projects LimitedHECPROJECT 24,071 ₹107.67 ₹116 9.2 1.78 0.51× 19.2% 0 — Industrials
85 Mangalore Refinery and Petrochemicals LimitedMRPL 23,521 ₹165.94 ₹29,082 9.3 2.05 0.68× 22.1% 2.32% — Energy
86 Jay Bharat Maruti LimitedJAYBARMARU 23,793 ₹119.29 ₹1,291 9.3 1.85 0.62× 19.9% 0.55% — Consumer Cyclical
87 Siyaram Silk Mills LimitedSIYSIL 24,796 ₹490.40 ₹2,224 9.4 1.52 0.33× 16.2% 2.22% — Consumer Cyclical
88 One Global Service Provider LimitedONEGLOBAL 23,212 ₹357.60 ₹724 9.5 5.13 0.44× 52.4% 0.17% — Healthcare
89 SKM Egg Products Export (India) LimitedSKMEGGPROD 23,878 ₹201.60 ₹1,061 9.5 2.69 0.34× 28.1% 0.60% — Consumer Defensive
90 Gandhar Oil Refinery (India) LimitedGANDHAR 22,657 ₹295.00 ₹2,887 9.6 2.14 0.37× 22.3% 0.93% — Energy
91 German Green Steel and Power LimitedGERMAN 24,462 ₹102.88 ₹775 9.7 1.34 — 22.3% 0 — Basic Materials
92 Indian Overseas BankIOB 23,983 ₹29.86 ₹57,500 9.8 1.48 0.92× 16.5% 0 — Financial Services
93 Vedanta LimitedVEDL 25,098 ₹234.85 ₹91,704 9.9 2.25 0.71× 18.7% 10.23% — Basic Materials
94 NLC India LimitedNLCINDIA 23,902 ₹233.55 ₹32,384 9.9 1.50 0.61× 15.2% 1.58% — Utilities
95 Garuda Construction and Engineering LimitedGARUDA 24,253 ₹145.64 ₹1,355 10.0 2.98 0.29× 29.9% 0 — Industrials
96 Ashapura Minechem LimitedASHAPURMIN 23,441 ₹432.70 ₹4,133 10.2 2.51 0.65× 24.7% 0.42% — Basic Materials
97 String Metaverse LimitedMETA 26,433 ₹6.81 ₹830 10.2 2.51 0.03× 29.0% 0 — Technology
98 Fischer Medical Ventures LimitedFISCHER 24,986 ₹23.87 ₹1,667 10.2 4.34 0.43× 39.3% 0.16% ⚑ Healthcare
99 Aptus Value Housing Finance India LimitedAPTUS 21,257 ₹201.82 ₹10,107 10.3 2.00 0.61× 19.4% 2.32% — Financial Services
100 Petronet LNG LimitedPETRONET 22,459 ₹290.40 ₹43,560 10.3 1.95 0.19× 18.9% 3.43% — Energy

High ROE + low PE in other groups · India

Under ₹50Under ₹100Under ₹500

High ROE + low PE in other countries

United States

Questions

Which companies priced under ₹500 in India have a high return on equity and a low P/E?

The first five on PositoAI's list are Kiri Industries Limited (0.5), Reliance Infrastructure Limited (0.7), JSW Dulux Limited (0.7), Gravity (India) Limited (0.7), Zuari Agro Chemicals Limited (0.9).

How many companies priced under ₹500 in India make a profit with a return on equity of 15% or more?

336 of the 1,652 companies priced under ₹500 in India on PositoAI make a profit with a return on equity of 15% or more; this page shows the top 100.

How is this list made?

Profit-making companies with a return on equity of at least 15%, ordered by P/E ratio, lowest 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.

Profit-making companies with a return on equity of at least 15%, ordered by P/E ratio, lowest 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.