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 21 Sep 2026
146 companies qualify
4,746 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 | ₹2,085 Cr | ₹70.62 | 0.12 | 1.0% | 12.40 | 0.06 |
| 2 | N. B. I. Industrial Finance Company LimitedNBIFIN · Dec 2025 | Financial Services | ₹575 Cr | ₹1,945 | 0.18 | 0.5% | 35.52 | — |
| 3 | Hexa Tradex LimitedHEXATRADEX · Mar 2026 | Trading | ₹883 Cr | ₹159.84 | 0.19 | -0.2% | — | 0.00 |
| 4 | Hinduja Global Solutions LimitedHGS · Mar 2026 | IT | ₹1,758 Cr | ₹377.80 | 0.21 | -1.0% | — | 0.24 |
| 5 | Oswal Greentech LimitedOSWALGREEN · Jun 2026 | Financial Services | ₹507 Cr | ₹19.75 | 0.21 | -2.5% | — | 0.00 |
| 6 | Dhunseri Investments LimitedDHUNINV · Jun 2026 | Financial Services | ₹599 Cr | ₹981.65 | 0.22 | 5.9% | 3.67 | — |
| 7 | ZUARI INDUSTRIES LIMITEDZUARIIND · Jun 2026 | FMCG | ₹812 Cr | ₹272.60 | 0.22 | 2.9% | 7.66 | 0.72 |
| 8 | Kiran Vyapar Ltd537750 · Jun 2026 | Financial Services | ₹537 Cr | ₹199.00 | 0.24 | 0.3% | 83.32 | — |
| 9 | Pilani Investment and Industries Corporation LimitedPILANIINVS · Jun 2026 | Financial Services | ₹4,459 Cr | ₹4,027 | 0.28 | -0.1% | — | 0.15 |
| 10 | Rajapalayam Mills Ltd532503 · Jun 2026 | Other Textile Products | ₹710 Cr | ₹770.00 | 0.29 | 5.1% | 5.70 | 0.47 |
| 11 | Dhunseri Ventures LimitedDVL · Jun 2026 | Trading | ₹993 Cr | ₹283.45 | 0.30 | 2.4% | 12.68 | 0.29 |
| 12 | Den Networks LimitedDEN · Jun 2026 | Media | ₹1,260 Cr | ₹26.42 | 0.33 | 3.9% | 8.60 | 0.01 |
| 13 | Riddhi Siddhi Gluco Biols Ltd524480 · Jun 2026 | Trading & Distributors | ₹514 Cr | ₹733.80 | 0.34 | -1.1% | — | 0.19 |
| 14 | HT Media LimitedHTMEDIA · Mar 2026 | Media | ₹556 Cr | ₹24.04 | 0.34 | -3.1% | — | 0.47 |
| 15 | GIC Housing Finance LimitedGICHSGFIN · Jun 2026 | Financial Services | ₹750 Cr | ₹139.28 | 0.36 | 7.5% | 4.74 | — |
| 16 | GKW LimitedGKWLIMITED · Jun 2026 | Financial Services | ₹938 Cr | ₹1,571 | 0.36 | -0.2% | — | 0.00 |
| 17 | Himatsingka Seide LimitedHIMATSEIDE · Jun 2026 | Textiles - Products | ₹789 Cr | ₹62.76 | 0.37 | 2.5% | 14.96 | 1.23 |
| 18 | JSW Holdings LimitedJSWHL · Jun 2026 | Financial Services | ₹12,436 Cr | ₹11,205 | 0.38 | 0.5% | 78.97 | 0.00 |
| 19 | Hindustan Media Ventures LimitedHMVL · Jun 2026 | Media | ₹609 Cr | ₹82.67 | 0.38 | 5.6% | 6.84 | 0.05 |
| 20 | Jain Irrigation Systems LimitedJISLJALEQS · Jun 2026 | Plastics Products | ₹2,271 Cr | ₹30.96 | 0.39 | -1.2% | — | 0.74 |
| 21 | Hathway Cable & Datacom LimitedHATHWAY · Jun 2026 | Infrastructure | ₹1,765 Cr | ₹9.97 | 0.40 | 1.7% | 23.28 | 0.00 |
| 22 | Dishman Carbogen Amcis LimitedDCAL · Jun 2026 | Pharma | ₹2,673 Cr | ₹170.50 | 0.40 | 0.2% | 165.83 | 0.46 |
| 23 | Raymond Lifestyle LimitedRAYMONDLSL · Jun 2026 | Textiles - Products | ₹3,935 Cr | ₹646.15 | 0.41 | 0.4% | 90.95 | 0.23 |
| 24 | Tamil Nadu Newsprint & Papers LimitedTNPL · Jun 2026 | Paper | ₹1,007 Cr | ₹145.48 | 0.43 | 0.5% | 80.49 | 0.70 |
| 25 | Ugro Capital LimitedUGROCAP · Jun 2026 | Financial Services | ₹1,258 Cr | ₹82.29 | 0.44 | 4.9% | 9.00 | — |
| 26 | Hindustan Composites LimitedHINDCOMPOS · Jun 2026 | Auto | ₹560 Cr | ₹379.25 | 0.49 | 2.8% | 17.17 | 0.00 |
| 27 | Gujarat State Fertilizers & Chemicals LimitedGSFC · Jun 2026 | Chemicals | ₹6,007 Cr | ₹150.75 | 0.49 | 5.6% | 8.67 | 0.00 |
| 28 | Transindia Real Estate LimitedTREL · Jun 2026 | Miscellaneous | ₹656 Cr | ₹26.68 | 0.51 | 3.2% | 15.99 | 0.00 |
| 29 | SEPC LimitedSEPC · Jun 2026 | Infrastructure | ₹990 Cr | ₹5.09 | 0.52 | 1.4% | 37.79 | 0.18 |
| 30 | PNC Infratech LimitedPNCINFRA · Jun 2026 | Infrastructure | ₹3,604 Cr | ₹140.47 | 0.53 | 9.5% | 5.55 | 0.76 |
| 31 | GTPL Hathway LimitedGTPL · Jun 2026 | Media | ₹619 Cr | ₹55.06 | 0.54 | 0.6% | 95.99 | 0.44 |
| 32 | Reliance Power LimitedRPOWER · Mar 2026 | Energy | ₹8,685 Cr | ₹21.00 | 0.54 | -3.0% | — | 0.92 |
| 33 | Nahar Industrial Enterprises LimitedNAHARINDUS · Jun 2026 | Textiles - Cotton/Blended | ₹569 Cr | ₹131.70 | 0.55 | 6.9% | 7.88 | 0.65 |
| 34 | Patel Engineering LimitedPATELENG · Jun 2026 | Infrastructure | ₹2,459 Cr | ₹25.75 | 0.55 | 6.8% | 8.14 | 0.27 |
| 35 | Asian Star Company Ltd531847 · Jun 2026 | Consumer Durables | ₹919 Cr | ₹574.45 | 0.55 | 2.0% | 27.70 | 0.30 |
| 36 | PTC India Financial Services LimitedPFS · Jun 2026 | Financial Services | ₹1,717 Cr | ₹26.73 | 0.56 | 7.3% | 7.69 | — |
| 37 | Repco Home Finance LimitedREPCOHOME · Jun 2026 | Financial Services | ₹2,266 Cr | ₹362.15 | 0.56 | 11.9% | 4.70 | — |
| 38 | Maharashtra Scooters LimitedMAHSCOOTER · Dec 2025 | Financial Services | ₹15,553 Cr | ₹13,609 | 0.56 | 1.3% | 43.42 | 0.00 |
| 39 | Kuantum Papers LimitedKUANTUM · Jun 2026 | Paper | ₹705 Cr | ₹80.74 | 0.57 | 2.8% | 20.82 | 0.71 |
| 40 | Gloster LimitedGLOSTERLTD · Jun 2026 | Textiles - Jute - Yarn / Products | ₹633 Cr | ₹578.50 | 0.58 | 1.2% | 49.44 | 0.88 |
| 41 | India Motor Parts and Accessories LimitedIMPAL · Jun 2026 | Auto | ₹1,344 Cr | ₹1,077 | 0.58 | 4.2% | 13.81 | 0.00 |
| 42 | UFLEX LimitedUFLEX · Jun 2026 | Packaging | ₹4,738 Cr | ₹656.15 | 0.58 | 8.4% | 6.91 | 1.25 |
| 43 | India Glycols LimitedINDIAGLYCO · Jun 2026 | FMCG | ₹1,715 Cr | ₹255.80 | 0.58 | 10.8% | 5.42 | 0.58 |
| 44 | Prakash Industries LimitedPRAKASH · Jun 2026 | Metal | ₹2,151 Cr | ₹120.09 | 0.60 | 8.7% | 6.86 | 0.14 |
| 45 | Ramco Industries LimitedRAMCOIND · Mar 2026 | Infrastructure | ₹2,832 Cr | ₹326.15 | 0.63 | 3.9% | 16.10 | 0.04 |
| 46 | Kirloskar Industries LimitedKIRLOSIND · Jun 2026 | Financial Services | ₹3,912 Cr | ₹3,722 | 0.63 | 5.4% | 11.64 | 0.18 |
| 47 | Nahar Poly Films LimitedNAHARPOLY · Jun 2026 | Packaging | ₹549 Cr | ₹223.41 | 0.63 | 8.3% | 7.65 | 0.09 |
| 48 | Zee Entertainment Enterprises LimitedZEEL · Mar 2026 | Media | ₹7,461 Cr | ₹77.68 | 0.64 | 2.3% | 27.56 | 0.02 |
| 49 | Vascon Engineers LimitedVASCONEQ · Mar 2026 | Infrastructure | ₹746 Cr | ₹32.18 | 0.65 | 5.0% | 13.10 | 0.26 |
| 50 | Bengal & Assam Company Ltd533095 · Jun 2026 | Financial Services | ₹7,076 Cr | ₹6,309 | 0.66 | 7.3% | 9.04 | — |
| 51 | TCC Concept Ltd512038 · Jun 2026 | Trading & Distributors | ₹1,088 Cr | ₹52.60 | 0.66 | 4.1% | 16.09 | 0.18 |
| 52 | Nahar Spinning Mills LimitedNAHARSPING · Mar 2026 | Textiles - Cotton/Blended | ₹1,009 Cr | ₹279.90 | 0.67 | 1.4% | 47.17 | 0.65 |
| 53 | Jagran Prakashan LimitedJAGRAN · Jun 2026 | Media | ₹1,361 Cr | ₹62.53 | 0.68 | 8.9% | 7.59 | 0.05 |
| 54 | Navkar Corporation LimitedNAVKARCORP · Mar 2026 | Miscellaneous | ₹1,333 Cr | ₹88.58 | 0.68 | 3.6% | 18.69 | 0.09 |
| 55 | KNR Constructions LimitedKNRCON · Jun 2026 | Infrastructure | ₹3,429 Cr | ₹121.93 | 0.69 | 6.2% | 11.10 | 0.49 |
| 56 | Maithan Alloys LimitedMAITHANALL · Mar 2026 | Metal | ₹2,906 Cr | ₹998.25 | 0.70 | 10.5% | 6.69 | 0.06 |
| 57 | Bank of India LimitedBANKINDIA · Jun 2026 | Bank | ₹63,114 Cr | ₹138.63 | 0.70 | 13.1% | 5.36 | — |
| 58 | Excel Industries LimitedEXCELINDUS · Jun 2026 | Chemicals | ₹1,199 Cr | ₹953.50 | 0.70 | 4.2% | 16.87 | 0.00 |
| 59 | TV Today Network LimitedTVTODAY · Jun 2026 | Media | ₹642 Cr | ₹107.64 | 0.72 | 1.9% | 37.43 | 0.02 |
| 60 | Dhampur Bio Organics LimitedDBOL · Jun 2026 | FMCG | ₹745 Cr | ₹113.31 | 0.73 | 8.2% | 8.90 | 1.03 |
| 61 | Bank of Baroda LimitedBANKBARODA · Jun 2026 | Bank | ₹120,824 Cr | ₹233.64 | 0.73 | 11.0% | 6.63 | — |
| 62 | Central Bank of IndiaCENTRALBK · Jun 2026 | Bank | ₹28,503 Cr | ₹31.49 | 0.73 | 11.7% | 6.24 | — |
| 63 | Delta Corp LimitedDELTACORP · Mar 2026 | Media | ₹1,649 Cr | ₹61.59 | 0.73 | 3.8% | 19.34 | 0.02 |
| 64 | ANDHRA PAPER LIMITEDANDHRAPAP · Mar 2026 | Paper | ₹1,445 Cr | ₹72.69 | 0.75 | 1.0% | 77.65 | 0.12 |
| 65 | Suryoday Small Finance Bank LimitedSURYODAY · Jun 2026 | Bank | ₹1,562 Cr | ₹146.94 | 0.75 | 9.2% | 8.13 | — |
| 66 | LIC Housing Finance LimitedLICHSGFIN · Jun 2026 | Financial Services | ₹31,244 Cr | ₹568.00 | 0.75 | 13.8% | 5.45 | — |
| 67 | Lakshmi Mills Company Ltd502958 · Jun 2026 | Other Textile Products | ₹538 Cr | ₹7,701 | 0.76 | 1.3% | 56.08 | 0.11 |
| 68 | Munjal Showa LimitedMUNJALSHOW · Jun 2026 | Auto | ₹514 Cr | ₹128.53 | 0.76 | 3.7% | 20.71 | 0.00 |
| 69 | Beekay Steel Industries Ltd539018 · Jun 2026 | Metal | ₹800 Cr | ₹421.05 | 0.76 | 4.2% | 18.25 | 0.32 |
| 70 | Seshasayee Paper and Boards LimitedSESHAPAPER · Jun 2026 | Paper | ₹1,562 Cr | ₹247.61 | 0.76 | 3.3% | 23.17 | 0.00 |
| 71 | Gujarat Industries Power Company LimitedGIPCL · Jun 2026 | Energy | ₹2,939 Cr | ₹189.36 | 0.77 | 13.1% | 5.84 | 0.94 |
| 72 | India Power CorpDPSCLTD · Mar 2026 | Energy | ₹684 Cr | ₹7.02 | 0.77 | 1.4% | 53.32 | 0.14 |
| 73 | Electrosteel Castings LimitedELECTCAST · Jun 2026 | Metal | ₹4,552 Cr | ₹73.63 | 0.77 | 2.0% | 37.82 | 0.26 |
| 74 | The Andhra Sugars LimitedANDHRSUGAR · Jun 2026 | Chemicals | ₹1,288 Cr | ₹95.00 | 0.77 | 6.5% | 11.79 | 0.00 |
| 75 | PTC India LimitedPTC · Jun 2026 | Trading | ₹4,626 Cr | ₹156.28 | 0.77 | 9.8% | 7.89 | 0.30 |
| 76 | Sutlej Textiles and Industries LimitedSUTLEJTEX · Jun 2026 | Textiles - Cotton/Blended | ₹637 Cr | ₹38.34 | 0.78 | -6.8% | — | 1.14 |
| 77 | Magadh Sugar & Energy LimitedMAGADSUGAR · Jun 2026 | FMCG | ₹689 Cr | ₹488.80 | 0.78 | 5.8% | 13.42 | 0.79 |
| 78 | Dhanlaxmi Bank LimitedDHANBANK · Jun 2026 | Bank | ₹1,162 Cr | ₹29.44 | 0.79 | 7.8% | 10.11 | — |
| 79 | Crest Ventures LimitedCREST · Jun 2026 | Financial Services | ₹1,038 Cr | ₹367.05 | 0.79 | 2.6% | 30.88 | — |
| 80 | Jindal Poly Films LimitedJINDALPOLY · Jun 2026 | Textiles - Products | ₹3,247 Cr | ₹741.50 | 0.80 | 0.8% | 96.10 | 0.84 |
| 81 | Oil & Natural Gas Corporation LimitedONGC · Jun 2026 | Oil & Gas | ₹296,429 Cr | ₹235.63 | 0.80 | 12.0% | 6.62 | 0.47 |
| 82 | RSWM LimitedRSWM · Jun 2026 | Textiles - Cotton/Blended | ₹1,090 Cr | ₹231.40 | 0.80 | 4.7% | 17.18 | 1.24 |
| 83 | Everest Kanto Cylinder LimitedEKC · Mar 2026 | Packaging | ₹1,123 Cr | ₹100.06 | 0.80 | 10.5% | 7.64 | 0.19 |
| 84 | Vindhya Telelinks LimitedVINDHYATEL · Jun 2026 | Infrastructure | ₹3,381 Cr | ₹2,853 | 0.80 | 5.6% | 14.28 | 0.34 |
| 85 | Universus Photo Imagings LimitedUNIVPHOTO · Jun 2026 | Photographic And Allied Products | ₹656 Cr | ₹599.15 | 0.81 | -2.2% | — | 0.00 |
| 86 | PNB Gilts LimitedPNBGILTS · Jun 2026 | Financial Services | ₹1,384 Cr | ₹76.88 | 0.81 | 6.0% | 13.48 | 14.55 |
| 87 | RattanIndia Power LimitedRTNPOWER · Jun 2026 | Energy | ₹3,818 Cr | ₹7.11 | 0.82 | 2.4% | 34.27 | 0.80 |
| 88 | GHCL Textiles LimitedGHCLTEXTIL · Jun 2026 | Textiles - Spinning - Synthetic / Blended | ₹1,238 Cr | ₹129.52 | 0.82 | 6.4% | 12.85 | 0.09 |
| 89 | Embassy Developments LimitedEMBDL · Jun 2026 | Miscellaneous | ₹8,186 Cr | ₹58.89 | 0.83 | -9.6% | — | 0.54 |
| 90 | Tata Chemicals LimitedTATACHEM · Jun 2026 | Chemicals | ₹17,698 Cr | ₹694.70 | 0.83 | -9.3% | — | 0.38 |
| 91 | Century Enka LimitedCENTENKA · Jun 2026 | Textiles - Manmade | ₹1,250 Cr | ₹571.90 | 0.84 | 9.8% | 8.51 | 0.01 |
| 92 | Shriram Properties LimitedSHRIRAMPPS · Jun 2026 | Infrastructure | ₹1,225 Cr | ₹71.76 | 0.84 | 6.3% | 13.37 | 0.42 |
| 93 | Network18 Media & Investments LimitedNETWORK18 · Jun 2026 | Media | ₹4,138 Cr | ₹26.79 | 0.84 | -5.0% | — | 0.67 |
| 94 | Consolidated Finvest & Holdings LimitedCONSOFINVT · Jun 2026 | Financial Services | ₹976 Cr | ₹301.80 | 0.84 | 16.4% | 5.13 | — |
| 95 | TGV Sraac Ltd507753 · Mar 2026 | Chemicals | ₹1,096 Cr | ₹102.40 | 0.84 | 10.2% | 8.30 | 0.27 |
| 96 | NCL Industries LimitedNCLIND · Mar 2026 | Infrastructure | ₹795 Cr | ₹175.68 | 0.85 | 10.1% | 8.35 | 0.25 |
| 97 | Satin Creditcare Network LimitedSATIN · Jun 2026 | Financial Services | ₹2,432 Cr | ₹221.12 | 0.85 | 14.3% | 5.94 | — |
| 98 | G R Infraprojects LimitedGRINFRA · Jun 2026 | Infrastructure | ₹7,981 Cr | ₹824.85 | 0.85 | 10.8% | 7.85 | 0.52 |
| 99 | Polyplex Corporation LimitedPOLYPLEX · Jun 2026 | Packaging | ₹3,610 Cr | ₹1,108 | 0.85 | 6.4% | 13.26 | 0.22 |
| 100 | Best Agrolife LimitedBESTAGRO · Jun 2026 | Chemicals | ₹658 Cr | ₹18.54 | 0.86 | 3.9% | 22.18 | 0.58 |
Showing the top 100 of 146 qualifying companies.
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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