Best Stocks Under ₹500
Quality businesses trading below ₹500 a share, ranked on the numbers.
Not investment advice
These lists are rules-based research, not buy recommendations. Rankings are generated from NSE & BSE data by a deterministic formula and do not account for your personal circumstances. For informational purposes only. Consult a SEBI-registered advisor before investing.
How we rank: We require real quality (profitable, market cap > ₹1,000 Cr, ROE > 12%), keep only stocks priced under ₹500, and rank them 0–100 by our composite score.
#1
NMDC LTD.NMDC
₹83.22-1.02%Score 76/100
ROE 23.4%ROCE 27.6%P/E 10.1Mkt Cap (Cr) 73,192
- ROE of 23% — excellent capital efficiency
- ROCE of 28% — highly efficient use of capital
- Healthy ROE of 23%
- Conservatively financed (D/E 0.19)
#2
COAL INDIA LTDCOALINDIA
₹427.65+0.07%Score 71/100
ROE 28.5%ROCE 35.3%P/E 8.7Mkt Cap (Cr) 2,63,576
- ROE of 29% — excellent capital efficiency
- ROCE of 35% — highly efficient use of capital
- Healthy ROE of 29%
- Conservatively financed (D/E 0.12)
#3
GMR AIRPORTS LIMITEDGMRAIRPORT
₹110.54-1.25%Score 66/100
ROE 45.7%ROCE 11.6%P/E 657.6Mkt Cap (Cr) 1,20,744
- ROE of 46% — excellent capital efficiency
- Healthy ROE of 46%
- Virtually debt-free (D/E 0.00)
- Conservatively financed (D/E 0.00)
#4
VEDANTA LIMITEDVEDL
₹253.05-1.88%Score 66/100
ROE 38.2%ROCE 16.1%P/E 6.2Mkt Cap (Cr) 98,954
- ROE of 38% — excellent capital efficiency
- Healthy ROE of 38%
- Net profit up 89% YoY
- Profit compounding 20% a year (3Y)
#5
BANK OF MAHARASHTRAMAHABANK
₹79.9+0.52%Score 66/100
ROE 22.6%ROCE 6.0%P/E 10.0Mkt Cap (Cr) 61,427
- ROE of 23% — excellent capital efficiency
- Healthy ROE of 23%
- Virtually debt-free (D/E 0.00)
- Conservatively financed (D/E 0.00)
#6
HINDUSTAN COPPER LTDHINDCOPPER
₹486.15+0.37%Score 66/100
ROE 32.9%ROCE 42.4%P/E 52.0Mkt Cap (Cr) 47,032
- ROE of 33% — excellent capital efficiency
- ROCE of 42% — highly efficient use of capital
- Healthy ROE of 33%
- Virtually debt-free (D/E 0.03)
#7
₹315.55+1.14%Score 65/100
ROE 28.8%ROCE 25.7%P/E 5.2Mkt Cap (Cr) 1,36,907
- ROE of 29% — excellent capital efficiency
- ROCE of 26% — highly efficient use of capital
- Healthy ROE of 29%
- Net profit up 28% YoY
#8
KARUR VYSYA BANK LTDKARURVYSYA
₹309.8+1.86%Score 64/100
ROE 19.3%ROCE 7.6%P/E 11.3Mkt Cap (Cr) 29,942
- Healthy ROE of 19%
- Conservatively financed (D/E 0.19)
- Net profit up 41% YoY
- Reasonably valued at 11.3× earnings for a 19% ROE business
#9
₹433.1-1.19%Score 63/100
ROE 37.8%ROCE 35.1%P/E 9.5Mkt Cap (Cr) 5,47,930
- ROE of 38% — excellent capital efficiency
- ROCE of 35% — highly efficient use of capital
- Healthy ROE of 38%
- Virtually debt-free (D/E 0.00)
#10
SUZLON ENERGY LIMITEDSUZLON
₹51.99+0.04%Score 63/100
ROE 40.6%ROCE 35.1%P/E 24.8Mkt Cap (Cr) 70,772
- ROE of 41% — excellent capital efficiency
- ROCE of 35% — highly efficient use of capital
- Healthy ROE of 41%
- Virtually debt-free (D/E 0.06)
#11
PETRONET LNG LIMITEDPETRONET
₹273.8-0.76%Score 62/100
ROE 18.6%ROCE 22.7%P/E 10.6Mkt Cap (Cr) 41,070
- ROCE of 23% — highly efficient use of capital
- Healthy ROE of 19%
- Conservatively financed (D/E 0.11)
- Net profit up 25% YoY
#12
HINDUSTAN PETROLEUM CORPHINDPETRO
₹400.4+0.25%Score 61/100
ROE 30.9%ROCE 22.2%P/E 4.7Mkt Cap (Cr) 85,205
- ROE of 31% — excellent capital efficiency
- ROCE of 22% — highly efficient use of capital
- Healthy ROE of 31%
- Net profit up 78% YoY
#13
NATIONAL ALUMINIUM CO LTDNATIONALUM
₹339.9-4.11%Score 60/100
ROE 29.4%ROCE 39.6%P/E 10.5Mkt Cap (Cr) 62,434
- ROE of 29% — excellent capital efficiency
- ROCE of 40% — highly efficient use of capital
- Healthy ROE of 29%
- Virtually debt-free (D/E 0.00)
#14
₹409.45+0.58%Score 58/100
ROE 27.6%ROCE 36.5%P/E 50.1Mkt Cap (Cr) 2,99,470
- ROE of 28% — excellent capital efficiency
- ROCE of 37% — highly efficient use of capital
- Healthy ROE of 28%
- Virtually debt-free (D/E 0.00)
#15
NLC INDIA LIMITEDNLCINDIA
₹295.6-1.70%Score 58/100
ROE 17.5%ROCE 10.4%P/E 12.4Mkt Cap (Cr) 40,996
- Healthy ROE of 18%
- Net profit up 216% YoY
- Profit compounding 38% a year (3Y)
- Revenue up 31% YoY
#16
₹414.65+0.51%Score 56/100
ROE 34.0%ROCE 35.9%P/E 53.5Mkt Cap (Cr) 1,52,689
- ROE of 34% — excellent capital efficiency
- ROCE of 36% — highly efficient use of capital
- Healthy ROE of 34%
- Conservatively financed (D/E 0.44)
#17
₹208.3+1.29%Score 56/100
ROE 28.8%ROCE 37.3%P/E 62.1Mkt Cap (Cr) 1,30,588
- ROE of 29% — excellent capital efficiency
- ROCE of 37% — highly efficient use of capital
- Healthy ROE of 29%
- Virtually debt-free (D/E 0.03)
#18
INDUS TOWERS LIMITEDINDUSTOWER
₹403.5-0.53%Score 56/100
ROE 19.8%ROCE 19.5%P/E 14.2Mkt Cap (Cr) 1,06,471
- Healthy ROE of 20%
- Profit compounding 52% a year (3Y)
- Reasonably valued at 14.2× earnings for a 20% ROE business
#19
₹435.35+1.37%Score 56/100
ROE 12.3%ROCE 11.6%P/E 10.3Mkt Cap (Cr) 70,810
- Net profit up 62% YoY
- ROE of 12%
#20
ADANI POWER LTDADANIPOWER
₹214.45-0.98%Score 55/100
ROE 21.1%ROCE 17.2%P/E 33.7Mkt Cap (Cr) 4,13,863
- ROE of 21% — excellent capital efficiency
- Healthy ROE of 21%
- Net profit up 64% YoY
About this list
Share price is arbitrary — a ₹450 stock isn’t inherently cheap. This list applies a quality filter first, then ranks the businesses that trade under ₹500.
Important caveat
Price per share tells you nothing about value. Focus on the business quality and valuation multiples, not the absolute price.
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All best-stock lists →For informational purposes only, not investment advice. Data from NSE & BSE feeds; rankings are rules-based, not recommendations. Consult a SEBI-registered advisor before investing.