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Top 10 Low PE Mid Cap Stocks in India — Top 100 List

Of the 150 mid cap companies in India on PositoAI, 145 are profit-making. First on the list is REC Limited (5.0). The median among them is 36.60. None of the top 10 has an active red or yellow flag.

Positivity ScoreHigh dividendLow debtLow PEHigh ROEHigh ROE + low PENo red flagsNo red or yellow flagsFundamentally strongNear 52-week lowNear 52-week highHigh score near 52-week low
#Company Score Market Cap
(INR Cr)		 P/E P/B Owes vs
Owns		 ROE Div
Yield		 FlagSector
1 REC LimitedRECLTD 17,682 ₹79,286 5.0 0.93 0.87× 19.0% 4.53% — Financial Services
2 Bank of IndiaBANKINDIA 23,586 ₹62,007 5.3 0.68 0.92× 13.7% 3.46% — Financial Services
3 General Insurance Corporation of IndiaGICRE 24,887 ₹56,079 6.3 0.76 0.66× 9.1% 4.24% — Financial Services
4 Bank of MaharashtraMAHABANK 22,815 ₹60,363 8.0 1.82 0.92× 23.0% 2.65% — Financial Services
5 NMDC LimitedNMDC 23,814 ₹60,558 8.1 1.78 0.29× 21.9% 2.79% — Basic Materials
6 National Aluminium Company LimitedNATIONALUM 23,226 ₹57,100 8.5 2.64 0.19× 31.2% 1.27% — Basic Materials
7 Muthoot Finance LimitedMUTHOOTFIN 20,886 ₹96,954 8.5 2.39 0.80× 31.7% 1.14% — Financial Services
8 Oil India LimitedOIL 22,727 ₹74,319 8.9 1.28 0.48× 14.4% 2.93% — Energy
9 IDBI Bank LimitedIDBI 25,464 ₹85,804 9.2 1.21 0.84× 13.9% 0 — Financial Services
10 Indian Overseas BankIOB 23,983 ₹57,500 9.8 1.48 0.92× 16.5% 0 — Financial Services

Top 20

11 Vedanta LimitedVEDL 25,098 ₹91,704 9.9 2.25 0.71× 18.7% 10.23% — Basic Materials
12 Petronet LNG LimitedPETRONET 22,459 ₹43,560 10.3 1.95 0.19× 18.9% 3.43% — Energy
13 Mahindra & Mahindra Financial Services LimitedM&MFIN 19,573 ₹39,965 12.3 1.50 0.83× 12.2% 2.46% — Financial Services
14 The Karur Vysya Bank LimitedKARURVYSYA 20,109 ₹34,418 12.5 2.44 0.90× 19.5% 0.76% — Financial Services
15 Yes Bank LimitedYESBANK 21,114 ₹50,380 13.5 0.96 0.89× 7.5% 0 — Financial Services
16 Indian Railway Finance Corporation LimitedIRFC 17,875 ₹1,00,627 14.0 1.77 0.89× 12.7% 2.81% — Financial Services
17 Indus Towers LimitedINDUSTOWER 22,337 ₹1,00,701 14.1 2.43 0.44× 18.9% 3.68% — Communication Services
18 HDB Financial Services LimitedHDBFS 20,011 ₹42,255 14.3 2.04 0.83× 14.3% 0.79% — Financial Services
19 Lupin LimitedLUPIN 21,807 ₹87,891 15.9 3.92 0.41× 24.6% 0.93% — Healthcare
20 Steel Authority of India LimitedSAIL 23,426 ₹70,115 16.4 1.16 0.56× 7.1% 1.37% — Basic Materials

Top 50

21 Suzlon Energy LimitedSUZLON 20,486 ₹53,019 16.9 5.60 0.48× 39.4% 0 — Industrials
22 Waaree Energies LimitedWAAREEENER 22,719 ₹68,173 17.9 4.72 0.50× 26.4% 0.16% — Technology
23 Jindal Stainless LimitedJSL 22,618 ₹58,471 18.0 2.95 0.51× 72.1% 0.56% — Basic Materials
24 The Federal Bank LimitedFEDERALBNK 19,461 ₹85,920 18.6 2.15 0.90× 11.5% 0.36% — Financial Services
25 NHPC LimitedNHPC 22,282 ₹72,705 19.1 1.75 0.60× 9.2% 2.21% — Utilities
26 L&T Finance LimitedLTF 19,986 ₹61,181 19.3 2.19 0.80× 11.3% 1.05% — Financial Services
27 Patanjali Foods LimitedPATANJALI 24,133 ₹38,614 19.6 2.95 0.30× 15.0% 1.12% — Consumer Defensive
28 Sundaram Finance LimitedSUNDARMFIN 18,270 ₹44,799 20.2 3.01 0.83× 15.0% 0.95% — Financial Services
29 Ambuja Cements LimitedAMBUJACEM 24,818 ₹90,198 20.6 1.52 0.20× 7.4% 0.57% — Basic Materials
30 Authum Investment & Infrastructure LimitedAIIL 23,223 ₹43,803 20.8 2.97 0.23× 14.3% 0 — Financial Services
31 MRF LimitedMRF 22,103 ₹50,410 20.9 2.40 0.34× 11.5% 0.19% — Consumer Cyclical
32 Lloyds Metals and Energy LimitedLLOYDSME 19,078 ₹1,01,636 21.2 7.33 0.66× 34.6% 0.06% — Basic Materials
33 UPL LimitedUPL 22,958 ₹43,398 21.3 1.25 0.57× 5.9% 1.23% — Basic Materials
34 Oberoi Realty LimitedOBEROIRLTY 22,788 ₹59,092 22.5 3.30 0.29× 14.7% 0.47% — Real Estate
35 Aditya Birla Capital LimitedABCAPITAL 18,203 ₹97,799 23.1 2.84 0.89× 11.8% 0 — Financial Services
36 Premier Energies LimitedPREMIERENE 19,121 ₹38,995 23.2 9.05 0.60× 38.9% 0.08% — Technology
37 SBI Cards and Payment Services LimitedSBICARD 21,281 ₹53,891 23.7 3.43 0.76× 14.5% 0.44% — Financial Services
38 Lodha Developers LimitedLODHA 22,465 ₹1,00,564 24.4 4.32 0.60× 17.7% 0.40% — Real Estate
39 Ashok Leyland LimitedASHOKLEY 18,187 ₹85,775 24.7 6.02 0.82× 24.4% 2.41% — Industrials
40 Mphasis LimitedMPHASIS 20,528 ₹47,708 25.0 4.44 0.40× 17.7% 2.48% — Technology
41 Bajaj Housing Finance LimitedBAJAJHFL 19,733 ₹67,478 25.1 3.00 0.82× 12.7% 0 — Financial Services
42 Oracle Financial Services Software LimitedOFSS 19,464 ₹85,734 25.2 10.95 0.21× 49.9% 3.81% — Technology
43 Aurobindo Pharma LimitedAUROPHARMA 21,985 ₹92,687 25.2 2.45 0.35× 9.8% 0 — Healthcare
44 AU Small Finance Bank LimitedAUBANK 20,232 ₹71,486 25.2 3.58 0.90× 14.2% 0.10% — Financial Services
45 Indian Railway Catering & Tourism Corporation LimitedIRCTC 21,195 ₹36,104 25.9 8.38 0.43× 32.3% 1.96% — Consumer Cyclical
46 Torrent Power LimitedTORNTPOWER 22,418 ₹60,669 26.1 3.18 0.56× 12.2% 1.65% — Utilities
47 RBL Bank LimitedRBLBANK 21,431 ₹56,037 26.3 3.35 0.91× 5.1% 0.24% — Financial Services
48 Piramal Finance LimitedPIRAMALFIN 19,861 ₹46,095 26.3 1.64 0.74× 6.0% 0.56% — Financial Services
49 Hexaware Technologies LimitedHEXT 22,495 ₹36,066 27.1 5.37 0.42× 21.5% 1.48% — Technology
50 Mazagon Dock Shipbuilders LimitedMAZDOCK 21,867 ₹77,541 27.1 7.95 0.64× 29.3% 0.90% — Industrials

Top 100

51 Alkem Laboratories LimitedALKEM 21,424 ₹59,943 27.8 4.34 0.31× 15.6% 0.38% — Healthcare
52 Welspun Corp LimitedWELCORP 19,977 ₹64,454 27.9 7.04 0.54× 25.2% 0.18% — Basic Materials
53 Coromandel International LimitedCOROMANDEL 22,373 ₹52,328 28.6 4.17 0.46× 14.6% 0.62% ⚑ Basic Materials
54 IDFC First Bank LimitedIDFCFIRSTB 20,358 ₹64,580 28.9 1.32 0.88× 5.3% 0.31% — Financial Services
55 Balkrishna Industries LimitedBALKRISIND 22,263 ₹40,793 29.0 3.72 0.38× 12.8% 0.80% — Consumer Cyclical
56 Godrej Properties LimitedGODREJPROP 22,658 ₹47,141 29.5 2.46 0.76× 8.3% 0.65% — Real Estate
57 Motilal Oswal Financial Services LimitedMOTILALOFS 20,242 ₹58,910 30.3 4.57 0.70× 15.1% 0.59% — Financial Services
58 L&T Technology Services LimitedLTTS 21,395 ₹41,954 31.0 6.48 0.38× 20.9% 1.56% — Technology
59 SBI Funds Management LimitedSBIFUNDS 17,644 ₹96,077 31.3 16.11 0.07× 51.4% 0 — Financial Services
60 SRF LimitedSRF 21,516 ₹69,080 32.0 4.92 0.42× 15.4% 0.40% — Industrials
61 ICICI Lombard General Insurance Company LimitedICICIGI 21,663 ₹81,592 32.1 4.80 0.78× 13.6% 0.83% — Financial Services
62 HDFC Asset Management Company LimitedHDFCAMC 18,857 ₹97,536 32.8 10.57 0.08× 36.4% 2.30% — Financial Services
63 Dabur India LimitedDABUR 22,203 ₹65,281 33.2 5.72 0.32× 17.2% 2.13% — Consumer Defensive
64 Abbott India LimitedABBOTINDIA 19,150 ₹53,888 33.4 11.29 0.27× 33.8% 2.02% — Healthcare
65 Poonawalla Fincorp LimitedPOONAWALLA 18,007 ₹38,081 33.8 3.68 0.83× 9.2% 0 — Financial Services
66 Dixon Technologies (India) LimitedDIXON 15,822 ₹70,493 33.9 15.07 0.72× 38.1% 0.08% — Technology
67 Colgate-Palmolive (India) LimitedCOLPAL 9,864 ₹45,829 34.0 28.93 0.54× 85.1% 2.76% — Consumer Defensive
68 Glenmark Pharmaceuticals LimitedGLENMARK 20,492 ₹62,047 34.5 5.90 0.47× 17.1% 0.11% — Healthcare
69 360 One Wam Limited360ONE 18,187 ₹42,708 34.8 4.34 0.64× 12.4% 1.15% — Financial Services
70 Hindustan Copper LimitedHINDCOPPER 19,895 ₹39,894 35.1 11.94 0.24× 34.0% 0.61% — Basic Materials
71 ICICI Life Insurance LimitedICICIPRULI 23,551 ₹62,528 35.6 4.35 0.96× 12.9% 0.38% — Financial Services
72 Ajanta Pharma LimitedAJANTPHARM 19,623 ₹40,869 36.0 9.03 0.26× 25.1% 1.88% — Healthcare
73 Aegis Logistics LimitedAEGISLOG 19,770 ₹45,773 36.6 7.56 0.39× 20.7% 0.98% — Energy
74 Ipca Laboratories LimitedIPCALAB 20,003 ₹48,292 36.9 5.99 0.23× 16.2% 0.31% — Healthcare
75 KEI Industries LimitedKEI 21,263 ₹37,043 37.2 5.56 0.26× 14.9% 0.10% — Industrials
76 Kalyan Jewellers India LimitedKALYANKJIL 19,078 ₹54,777 38.2 8.68 0.70× 22.7% 0.45% — Consumer Cyclical
77 K.P.R. Mill LimitedKPRMILL 21,650 ₹34,991 38.4 6.14 0.17× 16.0% 0.47% — Consumer Cyclical
78 GlaxoSmithKline Pharmaceuticals LimitedGLAXO 15,956 ₹41,228 38.6 18.18 0.48× 47.1% 2.28% — Healthcare
79 Nippon Life India Asset Management LimitedNAM-INDIA 18,266 ₹62,468 38.7 13.41 0.10× 34.5% 2.07% — Financial Services
80 Coforge LimitedCOFORGE 16,730 ₹84,567 39.1 8.87 0.35× 17.2% 0.86% — Technology
81 CRISIL LimitedCRISIL 18,468 ₹34,935 39.5 10.68 0.35× 29.1% 0.90% — Financial Services
82 J.K. Cement LimitedJKCEMENT 20,507 ₹37,540 39.7 5.33 0.62× 13.4% 0.41% — Basic Materials
83 Altius Telecom Infrastructure TrustALTIUSINVIT 14,343 ₹52,110 41.5 4.54 0.84× 10.9% 9.32% — Real Estate
84 Gland Pharma LimitedGLAND 21,237 ₹47,034 41.6 4.54 0.17× 10.9% 0.65% — Healthcare
85 Havells India LimitedHAVELLS 21,206 ₹67,337 41.7 7.12 0.36× 17.1% 1.09% — Industrials
86 JSW Energy LimitedJSWENERGY 20,988 ₹85,003 41.8 2.76 0.73× 6.3% 0.43% ⚑ Utilities
87 The Supreme Industries LimitedSUPREMEIND 20,163 ₹44,347 43.0 7.19 0.21× 16.7% 0.99% — Industrials
88 Hindustan Petroleum Corporation LimitedHINDPETRO 23,394 ₹72,516 43.4 1.11 0.68× 2.5% 7.44% — Energy
89 Rail Vikas Nigam LimitedRVNL 24,057 ₹39,027 43.4 3.97 0.55× 9.2% 0.90% — Industrials
90 Tata Communications LimitedTATACOMM 13,652 ₹47,962 43.5 13.91 0.87× 33.8% 1.02% — Communication Services
91 Schaeffler India LimitedSCHAEFFLER 20,482 ₹55,132 44.0 8.97 0.28× 21.6% 0.97% — Consumer Cyclical
92 Bharti Hexacom LimitedBHARTIHEXA 18,400 ₹81,525 44.7 10.66 0.61× 25.4% 1.18% — Communication Services
93 Berger Paints India LimitedBERGEPAINT 20,949 ₹54,796 45.0 7.92 0.31× 17.6% 0.85% — Basic Materials
94 JSW Infrastructure LimitedJSWINFRA 20,617 ₹74,455 45.4 6.84 0.43× 13.6% 0.27% — Industrials
95 Godrej Consumer Products LimitedGODREJCP 20,872 ₹88,038 46.0 6.96 0.41× 15.1% 2.32% — Consumer Defensive
96 Mankind Pharma LimitedMANKIND 21,288 ₹93,992 46.0 5.77 0.41× 12.5% 0 — Healthcare
97 APL Apollo Tubes LimitedAPLAPOLLO 17,151 ₹56,986 46.4 10.76 0.40× 23.2% 0.40% — Basic Materials
98 Vishal Mega Mart LimitedVMM 21,569 ₹41,221 46.6 5.56 0.35× 11.9% 0 — Consumer Cyclical
99 Persistent Systems LimitedPERSISTENT 17,001 ₹90,055 47.0 11.49 0.31× 25.2% 0.62% — Technology
100 Info Edge (India) LimitedNAUKRI 22,116 ₹78,862 49.4 2.08 0.15× 4.2% 1.18% — Communication Services

Low PE in other groups · India

All of IndiaLarge CapMid CapSmall CapSenty (Sensex + Nifty 50)Nifty 50SensexNano CapMicro CapMini CapMeso CapTito Cap

Low PE in other countries

United StatesUnited KingdomChina

Questions

Which mid cap companies in India have the lowest P/E?

The first five on PositoAI's list are REC Limited (5.0), Bank of India (5.3), General Insurance Corporation of India (6.3), Bank of Maharashtra (8.0), NMDC Limited (8.1).

How many mid cap companies in India are profit-making?

145 of the 150 mid cap companies in India on PositoAI are profit-making; this page shows the top 100.

How is this list made?

Profit-making companies ordered by P/E ratio, lowest first. Loss-making companies are left out. The list is updated every day from PositoAI's data.

What counts as a mid cap stock in India?

In India, large cap means the 100 largest companies by market value, mid cap the next 150 (101st to 250th) and small cap the rest — the same rank-based rule SEBI uses, applied to the companies on PositoAI.

Profit-making companies ordered by P/E ratio, lowest first. Loss-making companies 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 top 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.