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

Of the 1,652 companies priced under ₹500 in India on PositoAI, 1,228 have a positive return on equity. First on the list is Narmada Macplast Drip Irrigation Systems Ltd. (144.1%). The median among them is 10.60%. 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 Ksolves India LimitedKSOLVES 14,876 ₹243.56 ₹577 15.6 19.66 0.53× 126.2% 5.78% — Technology
3 Sun Pharma Advanced Research Company LimitedSPARC 23,113 ₹173.09 ₹5,617 3.5 4.20 0.38× 118.3% 0 — Healthcare
4 Gravity (India) LimitedGRAVITY 22,120 ₹13.96 ₹14 0.7 0.96 0.63× 115.7% 0 — Consumer Cyclical
5 Orosil Smiths India LimitedOROSMITHS 23,822 ₹6.31 ₹26 1.1 1.03 0.15× 104.0% 0 — Consumer Cyclical
6 B&B Triplewall Containers LimitedBBTCL 21,665 ₹199.37 ₹408 3.5 3.10 0.70× 89.6% 0.44% — Consumer Cyclical
7 Digjam LimitedDIGJAMLMTD 73 ₹51.87 ₹103 26.9 23.49 0.94× 88.3% 0 — Consumer Cyclical
8 Kiri Industries LimitedKIRIINDUS 24,313 ₹469.05 ₹3,056 0.5 0.47 0.08× 88.2% 0 ⚑ Basic Materials
9 Automotive Stampings and Assemblies LimitedASAL 13,060 ₹409.35 ₹649 21.8 17.96 0.89× 82.5% 0 — Consumer Cyclical
10 Ardee Industries LimitedARDEE 19,840 ₹43.37 ₹1,367 15.9 9.28 0.59× 80.7% 0 — Industrials

Top 20

11 JSW Dulux LimitedJSWDULUX 24,100 ₹302.20 ₹1,376 0.7 0.56 0.35× 80.0% 1.66% — Basic Materials
12 Panth Infinity LimitedPANTH 21,104 ₹11.46 ₹63 0.9 0.64 0.50× 71.0% 0 — Consumer Cyclical
13 Dev Information Technology LimitedDEVIT 24,767 ₹18.72 ₹106 1.4 0.98 0.42× 69.2% 0.52% — Technology
14 Castrol India LimitedCASTROLIND 18,028 ₹197.38 ₹19,523 18.4 10.23 0.51× 57.0% 6.42% — Energy
15 Shekhawati Industries LimitedSHEKHAWATI 23,462 ₹22.00 ₹75 6.1 3.45 0.31× 56.1% 0 — Consumer Cyclical
16 Standard Industries LimitedSIL 22,243 ₹17.99 ₹115 1.9 1.01 0.40× 53.8% 3.22% — Consumer Cyclical
17 One Global Service Provider LimitedONEGLOBAL 23,212 ₹357.60 ₹724 9.5 5.13 0.44× 52.4% 0.17% — Healthcare
18 SBI Funds Management LimitedSBIFUNDS 17,644 ₹471.70 ₹96,077 31.3 16.11 0.07× 51.4% 0 — Financial Services
19 Websol Energy System LimitedWEBELSOLAR 21,450 ₹61.17 ₹2,655 8.6 4.21 0.32× 51.2% 0.38% ⚑ Technology
20 SBC Exports LimitedSBC 1,981 ₹62.12 ₹2,958 73.1 36.89 0.82× 51.2% 0 — Consumer Cyclical

Top 50

21 Jeena Sikho Lifecare LimitedJSLL 21,511 ₹349.45 ₹4,343 18.4 9.30 0.31× 50.5% 1.17% — Healthcare
22 Tenneco Clean Air India LimitedTENNIND 17,902 ₹450.30 ₹18,174 30.2 15.18 0.53× 50.1% 0 — Consumer Cyclical
23 R M Drip and Sprinklers Systems LimitedRMDRIP 21,702 ₹17.76 ₹760 8.4 6.85 0.46× 47.5% 0.14% — Industrials
24 Elitecon International LimitedELITECON 25,385 ₹6.76 ₹1,080 5.8 3.10 0.72× 46.8% 0 — Consumer Defensive
25 Zuari Agro Chemicals LimitedZUARI 25,293 ₹194.35 ₹817 0.9 0.39 0.36× 45.0% 0 — Basic Materials
26 Nityas Gems and Jewellery LimitedNITYAS 20,396 ₹74.74 ₹430 18.9 5.16 — 43.8% 0 — Consumer Cyclical
27 Maxgrow India LimitedMAXGROW 24,716 ₹199.30 ₹796 1.5 0.38 0.30× 42.8% 0 — Industrials
28 Sical Logistics LimitedSICALLOG 21,435 ₹80.00 ₹638 9.0 4.86 0.70× 41.7% 0 — Industrials
29 Mukand LimitedMUKANDLTD 23,120 ₹153.38 ₹2,216 3.5 1.46 0.63× 41.5% 1.14% — Basic Materials
30 Shankesh Jewellers LimitedSHANKESH 20,048 ₹101.19 ₹1,487 13.9 7.10 0.48× 40.8% 0 — Consumer Cyclical
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 Suratwwala Business Group LimitedSBGLP 23,874 ₹20.95 ₹363 8.8 3.48 0.58× 39.7% 0.54% — Real Estate
33 International Gemological Institute LimitedIGIL 18,978 ₹353.20 ₹15,263 25.9 10.83 0.20× 39.6% 1.65% — Basic Materials
34 Shraddha Prime Projects LimitedSHRADDHA 20,141 ₹159.71 ₹649 12.4 4.92 0.80× 39.4% 0 — Real Estate
35 Suzlon Energy LimitedSUZLON 20,486 ₹38.57 ₹53,019 16.9 5.60 0.48× 39.4% 0 — Industrials
36 Fischer Medical Ventures LimitedFISCHER 24,986 ₹23.87 ₹1,667 10.2 4.34 0.43× 39.3% 0.16% ⚑ Healthcare
37 BF Utilities LimitedBFUTILITIE 18,227 ₹429.30 ₹1,617 11.8 5.37 0.54× 38.9% 0 — Industrials
38 Crizac LimitedCRIZAC 24,904 ₹142.72 ₹2,497 11.3 4.27 0.32× 37.7% 10.57% — Consumer Defensive
39 SAMHI Hotels LimitedSAMHI 20,954 ₹150.49 ₹3,346 5.8 1.53 0.49× 37.5% 0 — Consumer Cyclical
40 Gokul Agro Resources LimitedGOKULAGRO 22,581 ₹201.36 ₹5,941 11.2 4.18 0.71× 37.5% 0 — Consumer Defensive
41 Ashoka Buildcon LimitedASHOKA 25,361 ₹101.09 ₹2,837 1.2 0.43 0.50× 37.4% 0 — Industrials
42 Baroda Extrusion LimitedBAROEXT 21,362 ₹8.81 ₹171 16.6 6.87 0.55× 37.4% 0 — Basic Materials
43 Indian Energy Exchange LimitedIEX 19,340 ₹104.00 ₹9,248 18.2 6.78 0.44× 37.4% 3.82% — Financial Services
44 Royal India Corporation LimitedROYALIND 24,258 ₹5.39 ₹63 1.3 0.47 0.30× 37.3% 0 — Consumer Cyclical
45 Shukra Pharmaceuticals LimitedSHUKRAPHAR 8,357 ₹62.53 ₹2,767 80.2 30.80 0.23× 37.2% 0.01% — Healthcare
46 Fusion CX LimitedFUSIONCX 17,080 ₹280.25 — — 5.71 — 37.1% — — Industrials
47 Shah Alloys LimitedSHAHALLOYS 23,829 ₹72.79 ₹144 3.5 1.29 0.46× 37.1% 0 — Basic Materials
48 LT Foods LimitedLTFOODS 22,262 ₹385.00 ₹13,369 20.9 2.96 0.50× 35.9% 0.98% — Consumer Defensive
49 California Software Company LimitedCALSOFT 24,259 ₹28.92 ₹68 12.2 1.65 0.17× 35.5% 0 — Technology
50 Swastika Infra LimitedSWASTIKAIN 21,816 ₹208.22 ₹710 17.2 3.29 — 35.4% 0 — Industrials

Top 100

51 Emmvee Photovoltaic Power LimitedEMMVEE 23,406 ₹249.05 ₹17,242 13.3 4.67 0.36× 35.0% 0.33% — Technology
52 Galaxy Agrico Exports LimitedGALAGEX 20,054 ₹97.90 ₹155 8.1 2.81 0.01× 34.9% 0 — Industrials
53 K.P. Energy LimitedKPEL 23,833 ₹172.07 ₹1,166 6.3 2.23 0.81× 34.8% 0.38% — Industrials
54 GMR Power And Urban Infra LimitedGMRP&UI 16,225 ₹96.62 ₹7,546 11.6 3.96 0.88× 34.3% 0 ⚑ Energy
55 Life Insurance Corporation of IndiaLICI 24,324 ₹387.50 ₹4,90,187 8.2 2.78 0.97× 34.0% 2.54% — Financial Services
56 Hindustan Copper LimitedHINDCOPPER 19,895 ₹412.55 ₹39,894 35.1 11.94 0.24× 34.0% 0.61% — Basic Materials
57 EFC (I) LimitedEFCIL 22,057 ₹175.50 ₹2,596 8.8 3.22 0.70× 33.9% 0 — Real Estate
58 Alpine Texworld LimitedALPINETEX 23,607 ₹37.29 ₹142 6.6 1.96 0.75× 33.9% 0 — Consumer Cyclical
59 Aayush Wellness LimitedAAYUSH 18,953 ₹24.48 ₹119 27.8 9.72 0.30× 33.8% 0 — Consumer Defensive
60 Algoquant Fintech LimitedALGOQUANT 15,594 ₹74.48 ₹2,093 46.0 15.57 0.51× 33.7% 0 ⚑ Financial Services
61 Wanbury LimitedWANBURY 21,319 ₹185.77 ₹649 11.4 4.50 0.72× 33.7% 0 — Healthcare
62 Vishal Nirmiti LimitedVNL 22,444 ₹128.77 ₹339 13.6 2.94 — 33.7% 0 — Basic Materials
63 Milky Mist Dairy Food LimitedMILKYMIST -1,222 ₹272.85 ₹21,005 113.7 45.37 0.83× 33.3% 0 — Consumer Defensive
64 Sigma Solve LimitedSIGMA 22,718 ₹42.66 ₹438 17.3 5.69 0.14× 32.9% 1.13% — Technology
65 Tata Motors LimitedTMCV 17,166 ₹414.25 ₹1,52,559 36.4 11.98 0.76× 32.9% 0.97% — Consumer Cyclical
66 Panama Petrochem LimitedPANAMAPET 23,650 ₹461.10 ₹2,789 5.8 1.90 0.23× 32.6% 0.61% — Energy
67 Indian Railway Catering & Tourism Corporation LimitedIRCTC 21,195 ₹451.30 ₹36,104 25.9 8.38 0.43× 32.3% 1.96% — Consumer Cyclical
68 Sunshine Pictures LimitedSUNSHINE 18,819 ₹391.65 ₹1,219 2175.8 8.41 0.19× 32.3% 0 — Communication Services
69 Vardhman Acrylics LimitedVARDHACRLC 24,052 ₹41.60 ₹334 4.1 1.32 0.26× 32.1% 3.52% — Consumer Cyclical
70 International Conveyors LimitedINTLCONV 24,322 ₹76.89 ₹490 3.6 1.16 0.25× 32.0% 0.65% — Industrials
71 SRM Contractors LimitedSRM 24,630 ₹365.35 ₹838 7.1 2.26 0.58× 31.8% 0 — Industrials
72 Shanti Gold International LimitedSHANTIGOLD 21,557 ₹394.30 ₹2,844 13.9 4.75 0.30× 31.4% 0 — Consumer Cyclical
73 Dhvija Finance LimitedDHVIJAFIN 23,398 ₹9.49 ₹46 9.2 2.88 0.45× 31.3% 0 — Financial Services
74 National Aluminium Company LimitedNATIONALUM 23,226 ₹310.90 ₹57,100 8.5 2.64 0.19× 31.2% 1.27% — Basic Materials
75 Innovision LimitedINNOVISION 25,369 ₹215.20 ₹512 12.8 1.74 0.38× 31.0% 0 — Industrials
76 Canara Robeco Asset Management Company LimitedCRAMC 23,113 ₹212.13 ₹4,230 19.4 5.67 0.09× 30.2% 1.82% — Financial Services
77 HD Fire Protect LimitedHDFIRE 18,285 ₹276.70 ₹4,848 — 12.09 — 30.2% 0 — Industrials
78 Thyrocare Technologies LimitedTHYROCARE 17,929 ₹472.10 ₹7,514 42.8 12.83 0.22× 30.0% 1.87% — Healthcare
79 Garuda Construction and Engineering LimitedGARUDA 24,253 ₹145.64 ₹1,355 10.0 2.98 0.29× 29.9% 0 — Industrials
80 Cupid LimitedCUPID -24,665 ₹320.05 ₹43,035 320.1 95.46 0.19× 29.8% 0 — Consumer Defensive
81 Bajaj Consumer Care LimitedBAJAJCON 21,070 ₹415.90 ₹5,432 24.9 7.20 0.20× 29.6% 0 — Consumer Defensive
82 Genus Power Infrastructures LimitedGENUSPOWER 21,116 ₹270.25 ₹7,475 11.5 3.37 0.65× 29.2% 0.17% — Industrials
83 Bajaj Hindusthan Sugar LimitedBAJAJHIND 21,345 ₹18.97 ₹4,531 15.4 1.19 0.73× 29.2% 0 — Consumer Defensive
84 Motherson Sumi Wiring India LimitedMSUMI 19,703 ₹34.95 ₹23,177 36.8 10.72 0.54× 29.1% 1.73% — Consumer Cyclical
85 Lalithaa Jewellery Mart LimitedLALITHAA 20,970 ₹352.60 ₹19,735 20.7 6.74 0.73× 29.1% 0 — Consumer Cyclical
86 String Metaverse LimitedMETA 26,433 ₹6.81 ₹830 10.2 2.51 0.03× 29.0% 0 — Technology
87 Central Mine Planning & Design Institute LimitedCMPDI 23,056 ₹190.08 — 20.8 5.95 0.30× 28.6% 0.56% — Basic Materials
88 Eveready Industries India LimitedEVEREADY 21,552 ₹314.45 ₹2,285 12.8 3.67 0.49× 28.6% 0.78% — Industrials
89 BLS International Services LimitedBLS 23,623 ₹219.24 ₹9,023 12.8 3.66 0.26× 28.6% 1.16% — Industrials
90 ArMee Infotech LimitedARMEE 23,127 ₹265.45 ₹842 18.5 3.46 — 28.5% 0 — Technology
91 SRIT India LimitedSRIT 23,289 ₹111.70 ₹717 15.8 2.74 — 28.2% 0 — Technology
92 SKM Egg Products Export (India) LimitedSKMEGGPROD 23,878 ₹201.60 ₹1,061 9.5 2.69 0.34× 28.1% 0.60% — Consumer Defensive
93 Madhya Bharat Agro Products LimitedMBAPL 16,304 ₹159.85 ₹7,003 45.3 12.74 0.67× 28.1% 0.06% — Basic Materials
94 Runwal Enterprises LimitedRUNWALENTR 21,874 ₹221.90 ₹3,279 13.1 3.33 — 27.9% 0 — Real Estate
95 Euro Pratik Sales LimitedEUROPRATIK 23,179 ₹193.73 ₹1,979 23.0 6.39 0.19× 27.9% 0.23% — Basic Materials
96 Repro India LimitedREPRO 24,279 ₹290.20 ₹416 4.3 1.19 0.44× 27.9% 0 — Industrials
97 KMC Speciality Hospitals (India) LimitedKMCSHIL 18,604 ₹151.52 ₹2,471 42.3 11.74 0.37× 27.7% 0 — Healthcare
98 ITC LimitedITC 20,678 ₹258.90 ₹3,24,415 16.3 4.47 0.22× 27.4% 6.02% — Consumer Defensive
99 Knack Packaging LimitedKNACK 19,396 ₹206.12 ₹2,522 24.6 8.18 0.48× 27.2% 0 — Consumer Cyclical
100 Advit Jewels LimitedRAMBHAJO 16,695 ₹384.15 — 48.0 13.00 0.46× 27.1% 0 — Consumer Cyclical

High ROE in other groups · India

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Questions

Which companies priced under ₹500 in India have the highest return on equity?

The first five on PositoAI's list are Narmada Macplast Drip Irrigation Systems Ltd. (144.1%), Ksolves India Limited (126.2%), Sun Pharma Advanced Research Company Limited (118.3%), Gravity (India) Limited (115.7%), Orosil Smiths India Limited (104.0%).

How many companies priced under ₹500 in India have a positive return on equity?

1,228 of the 1,652 companies priced under ₹500 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.