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Stocks trading at a discount to their industry P/E

Profitable companies with ROE of at least 12% and moderate debt whose P/E is at least 30% below their industry's median P/E.

Prices as of 5 Nov 2026 134 companies qualify 2,655 companies screened
The rule, exactly as applied
P/E > 0P/E ≤ 70% of industry P/EROE ≥ 12%Debt/Equity ≤ 1Profitable (TTM)Market Cap ≥ ₹1,000 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/EIndustry P/EROEDebt/EquityProfit CAGR 3Y
1 JSW Dulux LimitedJSWDULUX · Sep 2026 Consumer Durables ₹1,254 Cr ₹275.30 3.57 22.90 15.1% 0.04 —
2 The Bombay Burmah Trading Corporation LimitedBBTC · Jun 2026 Auto ₹8,874 Cr ₹1,271.80 3.43 20.80 36.7% 0.23 +31.0%
3 DCM Shriram LimitedDCMSHRIRAM · Sep 2026 Diversified - Mega ₹14,058 Cr ₹907.80 10.16 54.70 16.4% 0.24 -1.0%
4 HMA Agro Industries LimitedHMAAGRO · Sep 2026 FMCG ₹1,367 Cr ₹27.30 5.95 29.50 21.0% 0.99 +11.0%
5 Kernex Microsystems (India) LimitedKERNEX · Jun 2026 Electronics - Components ₹2,941 Cr ₹1,750.30 15.45 68.50 76.8% 0.65 +86.0%
6 Antelopus Selan Energy LimitedANTELOPUS · Sep 2026 Oil & Gas ₹3,105 Cr ₹883.10 17.51 77.20 23.1% 0.01 —
7 Samhi Hotels LimitedSAMHI · Sep 2026 Hotels ₹3,650 Cr ₹164.13 7.11 28.10 22.9% 0.84 —
8 Oracle Financial Services Software LimitedOFSS · Sep 2026 IT ₹88,409 Cr ₹10,150.00 24.76 91.20 45.6% 0.00 +13.0%
9 Vedanta LimitedVEDL · Sep 2026 Metal ₹103,009 Cr ₹263.80 3.27 11.60 63.4% 0.56 -7.0%
10 Gujarat Industries Power Company LimitedGIPCL · Jun 2026 Energy ₹2,710 Cr ₹174.59 5.39 18.00 13.1% 0.94 +29.0%
11 Concord Biotech LimitedCONCORDBIO · Sep 2026 Pharma ₹7,038 Cr ₹672.70 25.20 83.60 13.5% 0.00 +4.0%
12 KPIT Technologies LimitedKPITTECH · Sep 2026 IT ₹14,695 Cr ₹539.80 27.57 91.20 14.5% 0.21 +21.0%
13 Alpex Solar LimitedALPEXSOLAR · Jun 2026 Electric Equipment ₹1,727 Cr ₹675.95 8.64 28.40 35.6% 0.96 +278.0%
14 Happy Forgings LimitedHAPPYFORGE · Jun 2026 Metal ₹17,773 Cr ₹1,882.70 54.21 172.00 15.4% 0.16 +13.0%
15 GHCL LimitedGHCL · Sep 2026 Chemicals ₹3,847 Cr ₹419.70 7.05 22.30 15.4% 0.02 -25.0%
16 Websol Energy System LimitedWEBELSOLAR · Sep 2026 Electric Equipment ₹3,126 Cr ₹72.00 9.00 28.40 44.7% 0.02 —
17 Coal India LimitedCOALINDIA · Sep 2026 Metal ₹242,996 Cr ₹394.30 7.26 22.60 26.3% 0.12 -1.0%
18 Unichem Laboratories LimitedUNICHEMLAB · Sep 2026 Pharma ₹3,473 Cr ₹493.30 10.25 31.60 12.2% 0.18 +35.0%
19 Shipping Corporation Of India LimitedSCI · Sep 2026 Infrastructure ₹12,271 Cr ₹263.45 6.11 18.50 19.5% 0.24 +16.0%
20 Pfizer LimitedPFIZER · Sep 2026 Pharma ₹17,644 Cr ₹3,856.90 20.53 61.90 19.6% 0.04 +8.0%
21 NMDC LimitedNMDC · Jun 2026 Metal ₹61,903 Cr ₹70.41 8.30 24.80 21.9% 0.19 +17.0%
22 Panama Petrochem LimitedPANAMAPET · Sep 2026 Oil & Gas ₹2,699 Cr ₹446.20 4.03 11.70 45.6% 0.08 -3.0%
23 Chambal Fertilizers & Chemicals LimitedCHAMBLFERT · Sep 2026 Chemicals ₹15,555 Cr ₹388.25 8.14 23.60 16.8% 0.16 +25.0%
24 MODISON LIMITEDMODISONLTD · Sep 2026 Electric Equipment ₹1,142 Cr ₹352.05 10.09 28.40 41.3% 0.63 +83.0%
25 Indus Towers LimitedINDUSTOWER · Sep 2026 Infrastructure ₹101,087 Cr ₹383.20 14.23 39.90 18.0% 0.56 +50.0%
26 Chennai Petroleum Corporation LimitedCHENNPETRO · Sep 2026 Oil & Gas ₹21,123 Cr ₹1,418.50 3.70 10.20 42.0% 0.16 -4.0%
27 NIIT Learning Systems LimitedNIITMTS · Sep 2026 IT ₹2,335 Cr ₹169.40 9.48 26.10 15.1% 0.18 +3.0%
28 KRBL LimitedKRBL · Sep 2026 FMCG ₹9,325 Cr ₹407.40 11.04 29.50 13.6% 0.01 -3.0%
29 Innova Captab LimitedINNOVACAP · Jun 2026 Pharma ₹5,932 Cr ₹1,036.60 11.93 31.60 45.6% 0.32 +28.0%
30 Mayur Uniquoters LtdMAYURUNIQ · Sep 2026 Consumer Durables ₹3,362 Cr ₹773.80 15.02 39.10 18.3% 0.00 +23.0%
31 Indraprastha Medical Corporation LimitedINDRAMEDCO · Sep 2026 Healthcare ₹3,060 Cr ₹333.75 15.90 41.10 26.0% 0.05 +28.0%
32 CIE Automotive India LimitedCIEINDIA · Sep 2026 Metal ₹13,727 Cr ₹361.85 14.72 37.80 12.5% 0.06 +127.0%
33 Chaman Lal Setia Exports LimitedCLSEL · Jun 2026 FMCG ₹1,438 Cr ₹289.20 11.52 29.50 14.9% 0.10 -1.0%
34 TTK Healthcare LimitedTTKHLTCARE · Sep 2026 Diversified - Medium / Small ₹1,293 Cr ₹915.35 4.67 11.90 24.9% 0.02 -52.0%
35 General Insurance Corporation of IndiaGICRE · Sep 2026 Financial Services ₹59,518 Cr ₹339.25 6.64 16.90 12.7% 0.00 +12.0%
36 Birla Cable LimitedBIRLACABLE · Sep 2026 Cables - Telephone ₹1,040 Cr ₹346.60 12.45 31.20 20.9% 0.27 -20.0%
37 Indian Oil Corporation LimitedIOC · Sep 2026 Oil & Gas ₹204,052 Cr ₹144.50 4.08 10.20 21.5% 0.60 +63.0%
38 EID Parry India LimitedEIDPARRY · Jun 2026 FMCG ₹11,670 Cr ₹655.80 9.50 23.60 14.0% 0.40 -9.0%
39 SKM Egg Products Export (India) LimitedSKMEGGPROD · Sep 2026 FMCG ₹1,259 Cr ₹238.79 12.04 29.50 24.0% 0.35 +11.0%
40 Jay Bharat Maruti LimitedJAYBARMARU · Sep 2026 Auto ₹1,324 Cr ₹122.30 8.72 20.80 20.5% 0.71 +55.0%
41 JSW Steel LimitedJSWSTEEL · Sep 2026 Metal ₹330,899 Cr ₹1,355.60 10.44 24.80 28.0% 0.62 +34.0%
42 Ashapura Minechem LimitedASHAPURMIN · Jun 2026 Metal ₹4,138 Cr ₹433.20 10.06 23.60 24.9% 0.88 +51.0%
43 Dolat Algotech LimitedDOLATALGO · Jun 2026 Financial Services ₹1,062 Cr ₹60.34 7.33 16.90 12.8% 0.25 +4.0%
44 Lupin LimitedLUPIN · Sep 2026 Pharma ₹90,909 Cr ₹1,988.00 17.41 40.00 21.7% 0.26 +141.0%
45 Bansal Wire Industries LimitedBANSALWIRE · Sep 2026 Metal ₹4,952 Cr ₹63.26 9.07 20.80 36.3% 0.08 +40.0%
46 Sandur Manganese & Iron Ores LimitedSANDUMA · Sep 2026 Metal ₹8,674 Cr ₹178.44 10.31 23.60 22.6% 0.24 —
47 Indian Metals & Ferro Alloys LimitedIMFA · Sep 2026 Metal ₹6,105 Cr ₹1,131.60 10.62 23.60 21.1% 0.35 +22.0%
48 ROUTE MOBILE LIMITEDROUTE · Sep 2026 IT ₹2,892 Cr ₹459.10 7.86 17.00 12.6% 0.01 +0.0%
49 Hindustan Copper LimitedHINDCOPPER · Jun 2026 Metal ₹41,326 Cr ₹427.35 36.36 78.20 34.0% 0.03 +50.0%
50 Shanti Gold International LimitedSHANTIGOLD · Sep 2026 Consumer Durables ₹1,998 Cr ₹277.00 11.61 24.80 22.1% 0.55 +92.0%
51 Aarti Drugs LimitedAARTIDRUGS · Sep 2026 Pharma ₹4,063 Cr ₹445.15 17.73 37.20 13.6% 0.37 +5.0%
52 Veedol Corporation LimitedVEEDOL · Sep 2026 Chemicals ₹2,426 Cr ₹1,427.40 10.64 22.30 20.2% 0.04 +19.0%
53 Uniparts India LimitedUNIPARTS · Sep 2026 Engineering ₹3,236 Cr ₹717.15 16.56 34.60 20.7% 0.17 -8.0%
54 Mazagon Dock Shipbuilders LimitedMAZDOCK · Sep 2026 Defence ₹74,182 Cr ₹1,839.00 30.27 62.50 23.4% 0.08 +32.0%
55 Avanti Feeds LimitedAVANTIFEED · Jun 2026 FMCG ₹9,890 Cr ₹725.90 16.83 34.60 17.9% 0.00 +32.0%
56 Garden Reach Shipbuilders & Engineers LimitedGRSE · Jun 2026 Defence ₹24,482 Cr ₹2,137.20 30.57 62.50 30.5% 0.01 +50.0%
57 Powerica LimitedPOWERICA · Jun 2026 Specialty Industrial Machinery ₹6,259 Cr ₹494.55 21.51 43.80 14.6% 0.29 +36.0%
58 Siyaram Silk Mills LimitedSIYSIL · Sep 2026 Textiles - Processing ₹2,323 Cr ₹512.00 10.30 20.80 19.0% 0.61 -2.0%
59 Aeroflex Enterprises LimitedAEROENTER · Sep 2026 Metal ₹1,472 Cr ₹130.06 7.68 15.50 18.4% 0.04 —
60 Blue Dart Express LimitedBLUEDART · Jun 2026 Couriers ₹10,859 Cr ₹4,576.30 37.90 76.30 16.1% 0.64 -8.0%
61 Lincoln Pharmaceuticals LimitedLINCOLN · Sep 2026 Pharma ₹1,027 Cr ₹512.55 10.56 21.00 12.0% 0.00 +7.0%
62 Teamlease Services LimitedTEAMLEASE · Jun 2026 Diversified Commercial Services ₹1,665 Cr ₹1,089.80 11.07 22.00 14.4% 0.11 +10.0%
63 Life Insurance Corporation Of IndiaLICI · Jun 2026 Financial Services ₹516,120 Cr ₹408.00 8.59 16.90 34.0% 0.00 +17.0%
64 Tamilnadu PetroProducts LimitedTNPETRO · Sep 2026 Oil & Gas ₹1,050 Cr ₹116.67 6.06 11.70 15.0% 0.21 +0.0%
65 Alembic Pharmaceuticals LimitedAPLLTD · Sep 2026 Pharma ₹17,563 Cr ₹893.50 20.88 40.00 14.1% 0.26 +28.0%
66 Finolex Cables LimitedFINCABLES · Jun 2026 Infrastructure ₹17,960 Cr ₹1,174.30 22.45 42.60 13.1% 0.00 +12.0%
67 Balmer Lawrie & Company LimitedBALMLAWRIE · Sep 2026 Diversified - Large ₹2,804 Cr ₹163.97 9.42 17.80 13.9% 0.16 +17.0%
68 Strides Pharma Science LimitedSTAR · Sep 2026 Pharma ₹9,287 Cr ₹1,007.60 16.87 31.60 16.1% 0.56 +71.0%
69 Navneet Education LimitedNAVNETEDUL · Sep 2026 Printing & Stationery ₹2,845 Cr ₹128.62 7.80 14.60 17.9% 0.05 -1.0%
70 Suzlon Energy LimitedSUZLON · Sep 2026 Electric Equipment ₹53,047 Cr ₹38.59 23.49 43.80 22.0% 0.07 +165.0%
71 Kamdhenu LimitedKAMDHENU · Sep 2026 Metal ₹1,016 Cr ₹36.03 11.19 20.80 20.9% 0.02 +24.0%
72 CMS Info Systems LimitedCMSINFO · Jun 2026 Diversified Commercial Services ₹3,479 Cr ₹217.33 11.85 22.00 12.1% 0.09 +2.0%
73 Southern Petrochemicals Industries Corporation LimitedSPIC · Sep 2026 Chemicals ₹1,213 Cr ₹59.57 6.38 11.80 13.2% 0.49 -11.0%
74 Expleo Solutions LimitedEXPLEOSOL · Jun 2026 IT ₹1,279 Cr ₹824.10 9.25 17.00 17.8% 0.01 +0.0%
75 AIA Engineering LimitedAIAENG · Sep 2026 Metal ₹29,883 Cr ₹3,202.20 24.17 43.80 14.7% 0.01 +7.0%
76 PNGS Reva Diamond Jewellery LimitedPNGSREVA · Sep 2026 Consumer Durables ₹1,950 Cr ₹615.25 20.64 37.30 16.9% 0.24 —
77 Indiamart Intermesh LimitedINDIAMART · Sep 2026 Internet & Catalogue Retail ₹9,480 Cr ₹1,576.30 18.91 34.10 21.6% 0.01 +19.0%
78 HFCL LimitedHFCL · Sep 2026 Infrastructure ₹33,932 Cr ₹221.74 36.63 65.80 16.4% 0.33 +1.0%
79 Sarda Energy & Minerals LimitedSARDAEN · Sep 2026 Metal ₹15,822 Cr ₹449.00 13.83 24.80 14.2% 0.30 —
80 Ddev Plastiks Industries LimitedDDEVPLSTIK · Jun 2026 Chemicals ₹2,686 Cr ₹259.59 12.56 22.30 21.1% 0.06 +25.0%
81 GK Energy LimitedGKENERGY · Sep 2026 Infrastructure ₹2,028 Cr ₹99.98 8.84 15.30 23.3% 0.35 —
82 Hindustan Aeronautics LimitedHAL · Jun 2026 Defence ₹337,263 Cr ₹5,043.00 36.18 62.50 22.7% 0.00 +16.0%
83 Indiabulls LimitedIBULLSLTD · Sep 2026 Diversified Commercial Services ₹7,214 Cr ₹32.19 12.79 22.00 15.1% 0.06 —
84 GAIL (India) LimitedGAIL · Sep 2026 Oil & Gas ₹122,290 Cr ₹185.99 9.70 16.60 13.0% 0.25 +10.0%
85 SRF LimitedSRF · Sep 2026 Chemicals ₹73,657 Cr ₹2,485.00 32.26 54.70 14.9% 0.35 -4.0%
86 Eris Lifesciences LimitedERIS · Sep 2026 Pharma ₹17,063 Cr ₹1,229.90 23.76 40.00 17.3% 0.59 +19.0%
87 K.P. Energy LimitedKPEL · Jun 2026 Infrastructure ₹1,150 Cr ₹169.57 6.31 10.60 34.7% 0.84 +62.0%
88 GlaxoSmithKline Pharmaceuticals LimitedGLAXO · Sep 2026 Pharma ₹42,355 Cr ₹2,500.20 36.94 61.90 61.0% 0.02 +18.0%
89 Indian Railway Catering And Tourism Corporation LimitedIRCTC · Jun 2026 Travel Agencies ₹36,616 Cr ₹457.70 26.31 44.00 32.3% 0.02 +12.0%
90 Manali Petrochemicals LimitedMANALIPETC · Jun 2026 Oil & Gas ₹1,257 Cr ₹73.10 7.00 11.70 14.0% 0.11 +12.0%
91 GPT Healthcare LimitedGPTHEALTH · Jun 2026 Healthcare ₹1,181 Cr ₹143.94 24.61 41.10 17.8% 0.34 +3.0%
92 Gulf Oil Lubricants India LimitedGULFOILLUB · Sep 2026 Chemicals ₹5,375 Cr ₹1,085.50 13.39 22.30 24.5% 0.52 +16.0%
93 Butterfly Gandhimathi Appliances LimitedBUTTERFLY · Sep 2026 Consumer Durables ₹1,047 Cr ₹585.45 20.50 34.00 13.7% 0.02 -3.0%
94 Garuda Construction and Engineering LimitedGARUDA · Sep 2026 Infrastructure ₹1,458 Cr ₹156.75 9.76 16.00 27.9% 0.10 —
95 Vaibhav Global LimitedVAIBHAVGBL · Sep 2026 Consumer Durables ₹2,706 Cr ₹161.35 9.70 15.90 16.3% 0.25 +36.0%
96 Kovai MedicalKOVAI · Jun 2026 Healthcare ₹6,437 Cr ₹5,882.50 25.16 41.10 19.4% 0.31 +28.0%
97 Krishna Defence and Allied Industries LimitedKRISHNADEF · Sep 2026 Defence ₹1,876 Cr ₹1,256.40 38.26 62.50 25.3% 0.01 +98.0%
98 AVT Natural Products LimitedAVTNPL · Jun 2026 FMCG ₹1,515 Cr ₹99.51 18.24 29.50 14.9% 0.20 -5.0%
99 Tembo Global Industries LimitedTEMBO · Jun 2026 Metal ₹1,057 Cr ₹54.61 9.67 15.50 24.1% 0.85 +136.0%
100 BOROSIL RENEWABLES LIMITEDBORORENEW · Sep 2026 Glass & Glass Products ₹6,090 Cr ₹413.75 14.34 22.90 21.8% 0.07 +69.0%

Showing the top 100 of 134 qualifying companies. Download these 100 as CSV

About this screen

Comparing a company's P/E with its own industry's median removes the biggest distortion in raw P/E screens: that entire sectors (banks, metals, PSUs) trade at structurally low multiples. What remains is a list of companies the market prices well below similar businesses, filtered for adequate profitability (ROE ≥ 12%) and manageable leverage (debt/equity ≤ 1). Each row is a question worth researching, not an answer: find out why the market disagrees.

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⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI