Stocks trading below book value — P/B below 1
Listed Indian companies whose market capitalisation is less than their net worth (price-to-book below 1).
Prices as of 5 Nov 2026
171 companies qualify
2,655 companies screened
The rule, exactly as applied
P/B > 0P/B < 1Market Cap ≥ ₹500 Cr
Excludes results distorted by one-offs or thin equity (negative book value, P/E below 3, trailing profit above half of sales, ROE above 150%) and listed InvITs/REITs, whose payouts are not comparable with a company's dividends.
Every ratio is the same number the company's own fundamentals page shows. Click any company to see the quarterly results, balance sheet and peers behind it.
| # | Company | Sector | Market Cap | Price | P/B | ROE | P/E | Debt/Equity |
|---|---|---|---|---|---|---|---|---|
| 1 | Rajesh Exports LimitedRAJESHEXPO · Jun 2026 | Consumer Durables | ₹1,504 Cr | ₹50.93 | 0.09 | 1.0% | 8.94 | 0.06 |
| 2 | Hexa Tradex LimitedHEXATRADEX · Sep 2026 | Financial Services | ₹853 Cr | ₹154.38 | 0.18 | 0.0% | 563.54 | 0.00 |
| 3 | Dhunseri Investments LimitedDHUNINV · Jun 2026 | Financial Services | ₹518 Cr | ₹849.40 | 0.19 | 5.9% | 3.18 | — |
| 4 | Hinduja Global Solutions LimitedHGS · Jun 2026 | IT | ₹1,619 Cr | ₹347.95 | 0.19 | -0.9% | — | 0.24 |
| 5 | ZUARI INDUSTRIES LIMITEDZUARIIND · Jun 2026 | FMCG | ₹727 Cr | ₹244.27 | 0.20 | 2.9% | 6.86 | 0.72 |
| 6 | N. B. I. Industrial Finance Company LimitedNBIFIN · Sep 2026 | Financial Services | ₹528 Cr | ₹1,787.20 | 0.20 | 0.5% | 37.42 | — |
| 7 | Coffee Day Enterprises LimitedCOFFEEDAY · Jun 2026 | Hotels | ₹640 Cr | ₹30.28 | 0.23 | 6.8% | 3.36 | 0.30 |
| 8 | Jain Irrigation Systems LimitedJISLDVREQS · Sep 2026 | Plastics Products | ₹1,415 Cr | ₹19.29 | 0.28 | — | — | 0.48 |
| 9 | Pilani Investment and Industries Corporation LimitedPILANIINVS · Jun 2026 | Financial Services | ₹4,482 Cr | ₹4,047.80 | 0.28 | -0.1% | — | 0.15 |
| 10 | Dhunseri Ventures LimitedDVL · Jun 2026 | Packaging | ₹989 Cr | ₹282.35 | 0.30 | 5.8% | 5.18 | 0.29 |
| 11 | GIC Housing Finance LimitedGICHSGFIN · Jun 2026 | Financial Services | ₹692 Cr | ₹128.43 | 0.33 | 7.5% | 4.38 | — |
| 12 | Den Networks LimitedDEN · Sep 2026 | Media | ₹1,272 Cr | ₹26.67 | 0.33 | 3.8% | 8.58 | 0.00 |
| 13 | HT Media LimitedHTMEDIA · Sep 2026 | Media | ₹563 Cr | ₹24.36 | 0.33 | 2.7% | 12.13 | 0.40 |
| 14 | Raymond Lifestyle LimitedRAYMONDLSL · Sep 2026 | Textiles - Products | ₹3,283 Cr | ₹539.00 | 0.34 | 0.4% | 91.70 | 0.30 |
| 15 | JSW Holdings LimitedJSWHL · Sep 2026 | Financial Services | ₹12,257 Cr | ₹11,043.00 | 0.34 | — | — | — |
| 16 | Himatsingka Seide LimitedHIMATSEIDE · Jun 2026 | Textiles - Products | ₹757 Cr | ₹60.17 | 0.35 | 2.6% | 13.50 | 1.23 |
| 17 | Hindustan Media Ventures LimitedHMVL · Sep 2026 | Media | ₹598 Cr | ₹81.17 | 0.35 | 7.8% | 4.56 | 0.04 |
| 18 | Jain Irrigation Systems LimitedJISLJALEQS · Sep 2026 | Plastics Products | ₹2,160 Cr | ₹29.45 | 0.37 | -1.1% | — | 0.72 |
| 19 | Dishman Carbogen Amcis LimitedDCAL · Jun 2026 | Pharma | ₹2,470 Cr | ₹157.52 | 0.37 | 0.2% | 153.20 | 0.46 |
| 20 | GKW LimitedGKWLIMITED · Sep 2026 | Financial Services | ₹997 Cr | ₹1,670.60 | 0.37 | 0.5% | 70.30 | 0.00 |
| 21 | Hathway Cable & Datacom LimitedHATHWAY · Sep 2026 | Infrastructure | ₹1,676 Cr | ₹9.47 | 0.37 | 1.5% | 24.75 | 0.00 |
| 22 | Ugro Capital LimitedUGROCAP · Jun 2026 | Financial Services | ₹1,096 Cr | ₹71.74 | 0.39 | 4.9% | 7.85 | — |
| 23 | Zuari Agro Chemicals LimitedZUARI · Sep 2026 | Chemicals | ₹814 Cr | ₹193.48 | 0.39 | 8.2% | 4.76 | 0.31 |
| 24 | Tamil Nadu Newsprint & Papers LimitedTNPL · Jun 2026 | Paper | ₹965 Cr | ₹139.37 | 0.42 | — | — | 0.70 |
| 25 | Gujarat State Fertilizers & Chemicals LimitedGSFC · Sep 2026 | Chemicals | ₹5,640 Cr | ₹141.54 | 0.43 | 4.4% | 9.91 | 0.05 |
| 26 | Welspun Investments and Commercials LimitedWELINV · Sep 2026 | Financial Services | ₹733 Cr | ₹1,999.90 | 0.44 | 0.2% | 217.17 | — |
| 27 | Transindia Real Estate LimitedTREL · Sep 2026 | Infrastructure | ₹593 Cr | ₹24.12 | 0.46 | 3.1% | 14.66 | 0.07 |
| 28 | Kuantum Papers LimitedKUANTUM · Jun 2026 | Paper | ₹582 Cr | ₹66.75 | 0.48 | — | — | 0.81 |
| 29 | Reliance Power LimitedRPOWER · Jun 2026 | Energy | ₹7,734 Cr | ₹18.70 | 0.48 | -2.0% | — | 0.92 |
| 30 | Hindustan Composites LimitedHINDCOMPOS · Jun 2026 | Auto | ₹553 Cr | ₹374.30 | 0.48 | 2.8% | 16.94 | 0.00 |
| 31 | PNC Infratech LimitedPNCINFRA · Sep 2026 | Infrastructure | ₹3,318 Cr | ₹129.32 | 0.49 | 9.3% | 5.25 | 0.76 |
| 32 | The Sandesh LimitedSANDESH · Sep 2026 | Media | ₹741 Cr | ₹979.05 | 0.49 | 6.7% | 7.30 | — |
| 33 | India Motor Parts and Accessories LimitedIMPAL · Sep 2026 | Auto | ₹1,252 Cr | ₹1,003.50 | 0.50 | 4.0% | 12.58 | — |
| 34 | Patel Engineering LimitedPATELENG · Sep 2026 | Infrastructure | ₹2,341 Cr | ₹24.51 | 0.50 | 6.8% | 7.40 | 0.29 |
| 35 | GSPL Transmission LimitedGSPLTRANS · Sep 2026 | Oil & Gas | ₹3,456 Cr | ₹110.52 | 0.50 | — | — | 0.00 |
| 36 | Nahar Industrial Enterprises LimitedNAHARINDUS · Jun 2026 | Textiles - Cotton/Blended | ₹526 Cr | ₹121.79 | 0.50 | 6.9% | 7.28 | 0.65 |
| 37 | Repco Home Finance LimitedREPCOHOME · Jun 2026 | Financial Services | ₹2,042 Cr | ₹326.45 | 0.51 | 11.9% | 4.24 | — |
| 38 | Maharashtra Scooters LimitedMAHSCOOTER · Sep 2026 | Financial Services | ₹14,057 Cr | ₹12,300.00 | 0.51 | — | — | 0.00 |
| 39 | PTC India Financial Services LimitedPFS · Sep 2026 | Financial Services | ₹1,631 Cr | ₹25.40 | 0.52 | 5.7% | 9.10 | — |
| 40 | SEPC LimitedSEPC · Jun 2026 | Infrastructure | ₹991 Cr | ₹5.10 | 0.52 | 1.4% | 37.82 | 0.18 |
| 41 | Zee Entertainment Enterprises LimitedZEEL · Sep 2026 | Media | ₹6,476 Cr | ₹67.42 | 0.52 | 1.4% | 37.89 | 0.01 |
| 42 | UFLEX LimitedUFLEX · Jun 2026 | Packaging | ₹4,245 Cr | ₹587.80 | 0.52 | 8.4% | 6.19 | 1.25 |
| 43 | Gloster LimitedGLOSTERLTD · Jun 2026 | Textiles - Jute - Yarn / Products | ₹581 Cr | ₹530.65 | 0.53 | 1.2% | 45.35 | 0.88 |
| 44 | JSW Dulux LimitedJSWDULUX · Sep 2026 | Consumer Durables | ₹1,254 Cr | ₹275.30 | 0.54 | 15.1% | 3.57 | 0.04 |
| 45 | GTPL Hathway LimitedGTPL · Sep 2026 | Media | ₹609 Cr | ₹54.16 | 0.54 | -0.4% | — | 0.49 |
| 46 | Excel Industries LimitedEXCELINDUS · Sep 2026 | Chemicals | ₹1,139 Cr | ₹906.40 | 0.55 | 3.8% | 14.47 | 0.01 |
| 47 | Nahar Spinning Mills LimitedNAHARSPING · Sep 2026 | Textiles - Cotton/Blended | ₹925 Cr | ₹256.35 | 0.56 | 9.1% | 6.12 | 0.51 |
| 48 | Saurashtra Cement LimitedSAURASHCEM · Sep 2026 | Infrastructure | ₹541 Cr | ₹48.60 | 0.56 | 0.9% | 60.14 | 0.17 |
| 49 | Oswal Agro Mills LimitedOSWALAGRO · Sep 2026 | Trading & Distributors | ₹524 Cr | ₹38.95 | 0.57 | -2.9% | — | — |
| 50 | Kirloskar Industries LimitedKIRLOSIND · Jun 2026 | Financial Services | ₹3,577 Cr | ₹3,403.20 | 0.58 | 5.4% | 10.64 | 0.18 |
| 51 | Prakash Industries LimitedPRAKASH · Jun 2026 | Metal | ₹2,097 Cr | ₹117.09 | 0.58 | 8.7% | 6.69 | 0.14 |
| 52 | Ramco Industries LimitedRAMCOIND · Sep 2026 | Infrastructure | ₹2,737 Cr | ₹315.15 | 0.59 | 5.3% | 11.08 | 0.00 |
| 53 | Stel Holdings LimitedSTEL · Sep 2026 | Financial Services | ₹967 Cr | ₹523.70 | 0.59 | — | — | — |
| 54 | Maithan Alloys LimitedMAITHANALL · Jun 2026 | Metal | ₹2,453 Cr | ₹842.45 | 0.59 | 7.2% | 8.21 | 0.06 |
| 55 | RSWM LimitedRSWM · Sep 2026 | Textiles - Cotton/Blended | ₹939 Cr | ₹199.30 | 0.60 | 5.2% | 11.50 | 1.13 |
| 56 | Best Agrolife LimitedBESTAGRO · Sep 2026 | Chemicals | ₹519 Cr | ₹14.62 | 0.60 | 5.6% | 10.78 | 0.54 |
| 57 | KNR Constructions LimitedKNRCON · Jun 2026 | Infrastructure | ₹3,014 Cr | ₹107.16 | 0.61 | 7.9% | 7.64 | 0.49 |
| 58 | Nahar Poly Films LimitedNAHARPOLY · Sep 2026 | Packaging | ₹582 Cr | ₹236.69 | 0.61 | 8.8% | 6.94 | 0.09 |
| 59 | Vascon Engineers LimitedVASCONEQ · Sep 2026 | Infrastructure | ₹736 Cr | ₹31.77 | 0.62 | 3.2% | 19.35 | 0.30 |
| 60 | Century Enka LimitedCENTENKA · Sep 2026 | Textiles - Manmade | ₹986 Cr | ₹451.05 | 0.63 | 9.2% | 6.90 | 0.01 |
| 61 | ANDHRA PAPER LIMITEDANDHRAPAP · Sep 2026 | Paper | ₹1,248 Cr | ₹62.75 | 0.64 | 2.6% | 24.07 | 0.15 |
| 62 | TCC Concept LimitedTCC · Sep 2026 | Internet & Catalogue Retail | ₹1,070 Cr | ₹42.61 | 0.64 | 4.9% | 12.99 | 0.17 |
| 63 | Navkar Corporation LimitedNAVKARCORP · Sep 2026 | Infrastructure | ₹1,264 Cr | ₹83.96 | 0.64 | 2.4% | 26.87 | 0.16 |
| 64 | Seshasayee Paper and Boards LimitedSESHAPAPER · Sep 2026 | Paper | ₹1,372 Cr | ₹217.49 | 0.65 | — | — | 0.00 |
| 65 | Universus Photo Imagings LimitedUNIVPHOTO · Jun 2026 | Photographic And Allied Products | ₹533 Cr | ₹487.25 | 0.66 | -2.2% | — | 0.00 |
| 66 | LIC Housing Finance LimitedLICHSGFIN · Sep 2026 | Financial Services | ₹29,098 Cr | ₹529.00 | 0.66 | 13.4% | 4.93 | — |
| 67 | Central Bank of IndiaCENTRALBK · Sep 2026 | Bank | ₹27,697 Cr | ₹30.60 | 0.67 | 11.6% | 5.74 | — |
| 68 | Polyplex Corporation LimitedPOLYPLEX · Jun 2026 | Packaging | ₹2,829 Cr | ₹901.15 | 0.67 | 6.4% | 10.39 | 0.22 |
| 69 | Vedanta Oil and Gas LimitedVOGL · Sep 2026 | Oil & Gas | ₹12,279 Cr | ₹31.45 | 0.67 | — | — | 0.15 |
| 70 | Vindhya Telelinks LimitedVINDHYATEL · Sep 2026 | Infrastructure | ₹3,130 Cr | ₹2,641.20 | 0.67 | 5.5% | 12.18 | 0.33 |
| 71 | Bank of India LimitedBANKINDIA · Sep 2026 | Bank | ₹63,282 Cr | ₹139.00 | 0.67 | 13.3% | 5.06 | — |
| 72 | TV Today Network LimitedTVTODAY · Sep 2026 | Media | ₹611 Cr | ₹102.43 | 0.67 | 3.0% | 22.73 | 0.03 |
| 73 | The Andhra Sugars LimitedANDHRSUGAR · Jun 2026 | Chemicals | ₹1,168 Cr | ₹86.17 | 0.70 | 6.5% | 10.69 | 0.00 |
| 74 | Sutlej Textiles and Industries LimitedSUTLEJTEX · Jun 2026 | Textiles - Cotton/Blended | ₹571 Cr | ₹34.38 | 0.70 | -6.8% | — | 1.14 |
| 75 | Gujarat Industries Power Company LimitedGIPCL · Jun 2026 | Energy | ₹2,710 Cr | ₹174.59 | 0.71 | 13.1% | 5.39 | 0.94 |
| 76 | India Power CorpDPSCLTD · Mar 2026 | Energy | ₹631 Cr | ₹6.48 | 0.71 | 1.4% | 49.22 | 0.14 |
| 77 | Jagran Prakashan LimitedJAGRAN · Jun 2026 | Media | ₹1,432 Cr | ₹65.78 | 0.71 | 8.9% | 7.98 | 0.05 |
| 78 | Suryoday Small Finance Bank LimitedSURYODAY · Sep 2026 | Bank | ₹1,577 Cr | ₹148.32 | 0.71 | 10.8% | 6.60 | — |
| 79 | India Glycols LimitedINDIAGLYCO · Jun 2026 | FMCG | ₹2,086 Cr | ₹311.15 | 0.71 | 10.8% | 6.59 | 0.58 |
| 80 | Gujarat Narmada Valley Fertilizers and Chemicals LimitedGNFC · Sep 2026 | Chemicals | ₹6,765 Cr | ₹460.40 | 0.73 | 11.3% | 6.43 | 0.01 |
| 81 | Electrosteel Castings LimitedELECTCAST · Jun 2026 | Metal | ₹4,304 Cr | ₹69.62 | 0.73 | 2.0% | 35.76 | 0.26 |
| 82 | Tata Chemicals LimitedTATACHEM · Jun 2026 | Chemicals | ₹15,688 Cr | ₹615.80 | 0.74 | -9.3% | — | 0.38 |
| 83 | Power Finance Corporation LimitedPFC · Sep 2026 | Financial Services | ₹108,705 Cr | ₹329.40 | 0.74 | 22.8% | 3.25 | — |
| 84 | Capacit'e Infraprojects LimitedCAPACITE · Sep 2026 | Infrastructure | ₹1,495 Cr | ₹176.68 | 0.75 | 9.1% | 8.19 | 0.28 |
| 85 | Jaiprakash Power Ventures LimitedJPPOWER · Sep 2026 | Energy | ₹9,526 Cr | ₹13.90 | 0.75 | 3.9% | 19.33 | 0.27 |
| 86 | Jindal Poly Films LimitedJINDALPOLY · Jun 2026 | Textiles - Products | ₹3,058 Cr | ₹698.30 | 0.75 | -24.3% | — | 0.84 |
| 87 | The New India Assurance Company LimitedNIACL · Sep 2026 | Financial Services | ₹26,127 Cr | ₹158.54 | 0.75 | -1.6% | — | 0.00 |
| 88 | RattanIndia Power LimitedRTNPOWER · Sep 2026 | Energy | ₹3,609 Cr | ₹6.72 | 0.76 | 3.8% | 19.90 | 0.79 |
| 89 | Kellton Tech Solutions LimitedKELLTONTEC · Jun 2026 | IT | ₹625 Cr | ₹11.84 | 0.77 | 11.4% | 6.81 | 0.24 |
| 90 | PTC India LimitedPTC · Sep 2026 | Energy | ₹4,185 Cr | ₹141.38 | 0.78 | 9.7% | 8.00 | 0.26 |
| 91 | Oil & Natural Gas Corporation LimitedONGC · Jun 2026 | Oil & Gas | ₹289,346 Cr | ₹230.00 | 0.78 | 12.0% | 6.46 | 0.47 |
| 92 | Bank of Baroda LimitedBANKBARODA · Sep 2026 | Bank | ₹129,113 Cr | ₹249.67 | 0.78 | 12.0% | 6.51 | — |
| 93 | The Jammu & Kashmir Bank LimitedJ&KBANK · Sep 2026 | Bank | ₹13,669 Cr | ₹124.13 | 0.78 | 13.5% | 5.79 | — |
| 94 | Embassy Developments LimitedEMBDL · Sep 2026 | Realty | ₹7,356 Cr | ₹52.92 | 0.79 | -11.3% | — | 0.68 |
| 95 | CSL Finance LimitedCSLFINANCE · Sep 2026 | Financial Services | ₹508 Cr | ₹225.81 | 0.79 | 13.5% | 5.83 | — |
| 96 | GeeCee Ventures LimitedGEECEE · Sep 2026 | Infrastructure | ₹736 Cr | ₹351.95 | 0.79 | 5.1% | 15.46 | — |
| 97 | PNB Gilts LimitedPNBGILTS · Sep 2026 | Financial Services | ₹1,417 Cr | ₹78.70 | 0.79 | 10.7% | 7.36 | 13.62 |
| 98 | GHCL Textiles LimitedGHCLTEXTIL · Sep 2026 | Textiles - Spinning - Synthetic / Blended | ₹1,249 Cr | ₹130.62 | 0.79 | 7.4% | 10.75 | 0.04 |
| 99 | NCL Industries LimitedNCLIND · Jun 2026 | Infrastructure | ₹747 Cr | ₹165.12 | 0.79 | 9.8% | 8.07 | 0.25 |
| 100 | Utkarsh Small Finance Bank LimitedUTKARSHBNK · Sep 2026 | Bank | ₹2,087 Cr | ₹11.73 | 0.79 | -25.4% | — | — |
Showing the top 100 of 171 qualifying companies. Download these 100 as CSV
About this screen
A price-to-book ratio under 1 means the market values the company at less than the accounting value of its equity. That can be a bargain, but more often it reflects a low return on that equity. A business earning 5% ROE on its book is rationally worth less than book when fixed deposits pay more. The ROE column is the key to this list: a below-book stock with a respectable ROE is far more interesting than one with a negative ROE.
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