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

Of the 2,084 small cap companies in India on PositoAI, 1,824 are profit-making. First on the list is Gayatri Projects Limited (0.2). The median among them is 22.35. 5 of the top 10 have an active red or yellow flag.

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 Market Cap
(INR Cr)		 P/E P/B Owes vs
Owns		 ROE Div
Yield		 FlagSector
1 Gayatri Projects LimitedGAYAPROJ 22,082 ₹891 0.2 1.47 0.71× 343.9% 0 ⚑ Industrials
2 VISA Chrome LimitedVISACHROME -17,057 ₹480 0.4 -2.26 1.41× — 0 ⚑ Basic Materials
3 Kiri Industries LimitedKIRIINDUS 24,313 ₹3,056 0.5 0.47 0.08× 88.2% 0 ⚑ Basic Materials
4 Reliance Infrastructure LimitedRELINFRA 22,469 ₹2,060 0.7 0.12 0.59× 17.6% 0 ⚑ Utilities
5 JSW Dulux LimitedJSWDULUX 24,100 ₹1,376 0.7 0.56 0.35× 80.0% 1.66% — Basic Materials
6 Gravity (India) LimitedGRAVITY 22,120 ₹14 0.7 0.96 0.63× 115.7% 0 — Consumer Cyclical
7 Vardhman Polytex LimitedVARDMNPOLY -17,707 ₹260 0.8 -1.31 1.70× — 0 — Consumer Cyclical
8 Gensol Engineering LimitedGENSOL 19,524 ₹42 0.8 0.13 0.87× 8.7% 0 ⚑ Technology
9 Zuari Agro Chemicals LimitedZUARI 25,293 ₹817 0.9 0.39 0.36× 45.0% 0 — Basic Materials
10 Panth Infinity LimitedPANTH 21,104 ₹63 0.9 0.64 0.50× 71.0% 0 — Consumer Cyclical

Top 20

11 Orosil Smiths India LimitedOROSMITHS 23,822 ₹26 1.1 1.03 0.15× 104.0% 0 — Consumer Cyclical
12 Osia Hyper Retail LimitedOSIAHYPER 23,609 ₹25 1.1 0.06 0.51× 5.6% 0 ⚑ Consumer Cyclical
13 Ashoka Buildcon LimitedASHOKA 25,361 ₹2,837 1.2 0.43 0.50× 37.4% 0 — Industrials
14 GTL Infrastructure LimitedGTLINFRA -18,118 ₹1,280 1.2 -0.25 2.67× — 0 — Technology
15 Jonjua Overseas LimitedJONJUA 24,351 ₹9 1.2 0.19 0.39× 15.6% 0 — Industrials
16 Royal India Corporation LimitedROYALIND 24,258 ₹63 1.3 0.47 0.30× 37.3% 0 — Consumer Cyclical
17 Nirman Agri Genetics LimitedNIRMAN 25,572 ₹20 1.4 0.16 0.01× — — ⚑ —
18 Dev Information Technology LimitedDEVIT 24,767 ₹106 1.4 0.98 0.42× 69.2% 0.52% — Technology
19 Maxgrow India LimitedMAXGROW 24,716 ₹796 1.5 0.38 0.30× 42.8% 0 — Industrials
20 Bharatiya Global Infomedia LimitedBGLOBAL 20,834 ₹5 1.5 0.07 0.22× 4.4% 0 ⚑ Technology

Top 50

21 Teerth Gopicon LimitedTGL 24,482 ₹13 1.7 0.17 0.56× — — ⚑ —
22 Brightcom Group LimitedBCG 23,653 ₹1,766 1.7 0.17 0.12× 9.6% 0 ⚑ Communication Services
23 Mishtann Foods LimitedMISHTANN 25,044 ₹310 1.8 0.24 0.43× 13.4% 0 — Consumer Defensive
24 Standard Industries LimitedSIL 22,243 ₹115 1.9 1.01 0.40× 53.8% 3.22% — Consumer Cyclical
25 Supha Pharmachem LimitedSUPHA 14,906 ₹22 1.9 0.21 0.94× 16.2% 0 — Healthcare
26 Ashoka Metcast LimitedASHOKAMET 23,853 ₹35 2.1 0.30 0.36× 10.1% 0 — Basic Materials
27 Falcon Technoprojects India LimitedFALCONTECH 22,267 ₹6 2.2 0.26 0.65× — — — —
28 Veranda Learning Solutions LimitedVERANDA 26,153 ₹328 2.2 0.34 0.48× 15.2% 0 — Consumer Defensive
29 ZF Commercial Vehicle Control Systems India LimitedZFCVINDIA 21,555 ₹24,399 2.3 6.61 0.17× 293.8% 0.19% — Consumer Cyclical
30 BLB LimitedBLBLIMITED 24,156 ₹81 3.0 0.62 0.02× 21.0% 0 — Financial Services
31 Reliance Home Finance LimitedRHFL -20,109 ₹64 3.0 -1.27 34.51× — 0 ⚑ Financial Services
32 Nahar Capital and Financial Services LimitedNAHARCAP 25,124 ₹368 3.1 0.23 0.10× 7.4% 0.65% — Financial Services
33 GSM Foils LimitedGSMFOILS 25,851 ₹87 3.1 1.17 0.55× — — — —
34 PVV Infra LimitedPVVINFRA 24,739 ₹30 3.2 0.39 0.35× 12.2% 0 — Basic Materials
35 Bhagyanagar India LimitedBHAGYANGR 21,908 ₹214 3.3 0.83 0.59× 24.4% 0 ⚑ Basic Materials
36 Onix Solar Energy LimitedONIXSOLAR 23,626 ₹1,209 3.4 1.56 0.10× 12.4% 0 — Technology
37 B&B Triplewall Containers LimitedBBTCL 21,665 ₹408 3.5 3.10 0.70× 89.6% 0.44% — Consumer Cyclical
38 Shah Alloys LimitedSHAHALLOYS 23,829 ₹144 3.5 1.29 0.46× 37.1% 0 — Basic Materials
39 Mukand LimitedMUKANDLTD 23,120 ₹2,216 3.5 1.46 0.63× 41.5% 1.14% — Basic Materials
40 Tamil Nadu Newsprint and Papers LimitedTNPL 22,545 ₹915 3.5 0.40 0.63× 11.3% 2.79% — Basic Materials
41 Coffee Day Enterprises LimitedCOFFEEDAY 22,636 ₹617 3.5 0.22 0.30× 6.3% 0 — Consumer Cyclical
42 Sun Pharma Advanced Research Company LimitedSPARC 23,113 ₹5,617 3.5 4.20 0.38× 118.3% 0 — Healthcare
43 International Conveyors LimitedINTLCONV 24,322 ₹490 3.6 1.16 0.25× 32.0% 0.65% — Industrials
44 Lancor Holdings LimitedLANCORHOL 23,679 ₹213 3.7 0.89 0.44× 24.1% 0.69% — Real Estate
45 Odyssey Corporation LimitedODYCORP 24,052 ₹55 3.7 0.31 0.08× — 0.75% — Financial Services
46 BF Investment LimitedBFINVEST 25,515 ₹1,479 3.8 0.17 0.09× 4.6% 2.34% — Financial Services
47 Digikore Studios LimitedDIGIKORE 25,222 ₹40 3.8 0.84 0.59× — — — —
48 Majestic Auto LimitedMAJESAUT 25,060 ₹377 3.9 0.56 0.04× 14.5% 13.71% — Real Estate
49 Zee Learn LimitedZEELEARN 21,424 ₹189 4.0 0.81 0.85× 20.0% 0 ⚑ Consumer Defensive
50 Repco Home Finance LimitedREPCOHOME 20,783 ₹1,959 4.1 0.48 0.75× 11.9% 3.64% — Financial Services

Top 100

51 Vardhman Acrylics LimitedVARDHACRLC 24,052 ₹334 4.1 1.32 0.26× 32.1% 3.52% — Consumer Cyclical
52 Nagreeka Capital & Infrastructure Ltd.NAGREEKCAP 20,645 ₹30 4.1 1.06 0.80× 25.9% 0 — Financial Services
53 Vibrant Global Capital LimitedVGCL 24,299 ₹113 4.2 0.68 0.30× 15.5% 8.00% — Financial Services
54 Repro India LimitedREPRO 24,279 ₹416 4.3 1.19 0.44× 27.9% 0 — Industrials
55 GIC Housing Finance LimitedGICHSGFIN 19,759 ₹682 4.3 0.32 0.81× 7.5% 3.48% — Financial Services
56 Vardhman Holdings LimitedVHL 24,666 ₹1,139 4.5 0.30 0.00× 6.7% 0.14% — Financial Services
57 Omega Interactive Technologies LimitedOMEGAIN 25,096 ₹96 4.5 1.39 0.47× 9.5% 0 — Technology
58 K2 Infragen LimitedK2INFRA 23,916 ₹47 4.5 0.53 0.61× — — — —
59 Consecutive Commodities LimitedCCDL 22,368 ₹56 4.6 2.81 0.06× 16.6% 0 — Financial Services
60 Krishna GVK Luxury Hotels LimitedTAJGVK 24,265 ₹1,941 4.7 1.90 0.20× 40.0% 0.61% — Consumer Cyclical
61 LIC Housing Finance LimitedLICHSGFIN 16,850 ₹27,613 4.8 0.67 0.87× 13.8% 1.81% — Financial Services
62 Dilip Buildcon LimitedDBL 23,311 ₹6,181 4.8 0.91 0.63× 15.1% 0.25% — Industrials
63 Gujarat Industries Power Company LimitedGIPCL 23,290 ₹2,440 4.9 0.64 0.59× 13.1% 2.46% — Utilities
64 PNC Infratech LimitedPNCINFRA 24,803 ₹3,605 4.9 0.53 0.51× 10.8% 0.45% — Industrials
65 Indian Emulsifiers LimitedIEML 25,171 ₹71 4.9 0.49 0.37× — — — —
66 Dhunseri Ventures LimitedDVL 24,765 ₹930 5.0 0.28 0.33× 5.7% 1.79% — Financial Services
67 Vaxtex Cotfab LimitedVCL 22,393 ₹27 5.1 1.21 0.39× 24.0% 0 — Consumer Cyclical
68 Chennai Petroleum Corporation LimitedCHENNPETRO 23,202 ₹21,647 5.2 1.95 0.45× 37.6% 4.17% — Energy
69 Deep Polymers LimitedDEEP 23,943 ₹94 5.2 0.90 0.29× 17.2% 0 — Basic Materials
70 Rajapalayam Mills LimitedRAJPALAYAM 23,515 ₹664 5.3 0.27 0.35× 5.1% 0.07% — Consumer Cyclical
71 UGRO Capital LimitedUGROCAP 20,138 ₹1,177 5.4 0.41 0.79× 7.5% 0 — Financial Services
72 Southern Petrochemical Industries Corporation LimitedSPIC 24,189 ₹1,149 5.6 0.84 0.45× 15.0% 3.27% — Basic Materials
73 Sati Poly Plast LimitedSATIPOLY 25,023 ₹19 5.6 0.98 0.74× — — — —
74 HMA Agro Industries LimitedHMAAGRO 23,964 ₹1,202 5.6 1.28 0.60× 22.6% 0 — Consumer Defensive
75 CSL Finance LimitedCSLFINANCE 22,865 ₹480 5.6 0.77 0.58× 13.9% 1.48% — Financial Services
76 Dhunseri Investments LimitedDHUNINV 25,798 ₹517 5.6 0.19 0.31× 3.3% 0.33% — Financial Services
77 Anmol India LimitedANMOL 22,598 ₹64 5.6 0.55 0.65× 9.7% 0 ⚑ Energy
78 Alfred Herbert (India) LimitedALFREDHE 25,015 ₹208 5.7 0.36 0.02× 6.4% 0.75% — Industrials
79 Agro Phos (India) LimitedAGROPHOS 24,769 ₹46 5.7 0.66 0.54× 10.4% 0 — Basic Materials
80 CP Capital LimitedCPCAP 24,278 ₹257 5.7 0.45 0.14× 7.9% 0 — Financial Services
81 K.M. Sugar Mills LimitedKMSUGAR 23,178 ₹274 5.7 0.70 0.48× 12.3% 0 — Consumer Defensive
82 Kalind LimitedKALIND 24,533 ₹315 5.8 1.49 0.11× 2.7% 0 — Financial Services
83 The Great Eastern Shipping Company LimitedGESHIP 22,281 ₹21,349 5.8 1.26 0.13× 22.0% 3.76% — Industrials
84 Panama Petrochem LimitedPANAMAPET 23,650 ₹2,789 5.8 1.90 0.23× 32.6% 0.61% — Energy
85 Elitecon International LimitedELITECON 25,385 ₹1,080 5.8 3.10 0.72× 46.8% 0 — Consumer Defensive
86 SAMHI Hotels LimitedSAMHI 20,954 ₹3,346 5.8 1.53 0.49× 37.5% 0 — Consumer Cyclical
87 Jullundur Motor Agency (Delhi) LimitedJMA 23,702 ₹188 5.9 0.69 0.21× 11.7% 2.34% — Consumer Cyclical
88 Ponni Sugars (Erode) LimitedPONNIERODE 23,889 ₹292 5.9 0.52 0.13× 8.7% 1.45% — Consumer Defensive
89 Vivid Mercantile LimitedVIVIDM 22,510 ₹60 6.0 1.07 0.21× 18.5% 0 — Industrials
90 Central Bank of IndiaCENTRALBK 24,765 ₹27,163 6.0 0.66 0.93× 11.6% 3.32% — Financial Services
91 Ducon Infratechnologies LimitedDUCON 25,084 ₹75 6.0 0.40 0.39× 4.1% 0 — Industrials
92 Narmada Macplast Drip Irrigation Systems Ltd.NARMP 18,685 ₹80 6.0 8.60 0.51× 144.1% 0 — Industrials
93 India Glycols LimitedINDIAGLYCO 26,253 ₹1,983 6.0 0.68 0.55× 11.3% 2.28% — Basic Materials
94 Satin Creditcare Network LimitedSATIN 19,089 ₹2,465 6.0 0.86 0.80× 14.3% 0 — Financial Services
95 Indo Thai Securities LimitedINDOTHAI 27,057 ₹423 6.1 1.49 0.23× 24.4% 0.54% — Financial Services
96 Shaival Reality LimitedSHAIVAL 23,022 ₹38 6.1 1.75 0.05× — — — —
97 Shekhawati Industries LimitedSHEKHAWATI 23,462 ₹75 6.1 3.45 0.31× 56.1% 0 — Consumer Cyclical
98 Uflex LimitedUFLEX 22,333 ₹4,117 6.2 0.51 0.63× 8.2% 0.47% — Consumer Cyclical
99 Rajshree Polypack LimitedRPPL 23,563 ₹126 6.2 0.70 0.47× 11.3% 0 — Consumer Cyclical
100 B. N. Rathi Securities LimitedBNRSEC 23,633 ₹70 6.2 0.90 0.62× 14.4% 2.94% — Financial 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 small cap companies in India have the lowest P/E?

The first five on PositoAI's list are Gayatri Projects Limited (0.2), VISA Chrome Limited (0.4), Kiri Industries Limited (0.5), Reliance Infrastructure Limited (0.7), JSW Dulux Limited (0.7).

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

1,824 of the 2,084 small 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 small 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.