Best Value Stocks to Buy
Reasonably priced businesses that are actually good — value without the traps.
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 combine a valuation filter (P/E < 18) with a quality filter (ROE > 15%, market cap > ₹2,000 Cr) so we surface cheap-and-good, not cheap-and-broken, then rank 0–100 by our composite score.
#1
NMDC LTD.NMDC
₹83.22-1.02%Score 76/100
P/E 10.1P/B 2.2ROE 23.4%Mkt 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
₹235.2-6.09%Score 76/100
P/E 5.0P/B 6.7ROE 281.0%Mkt Cap (Cr) 7,632
- ROE of 281% — excellent capital efficiency
- ROCE of 165% — highly efficient use of capital
- Healthy ROE of 281%
- Conservatively financed (D/E 0.42)
#3
MONARCH NETWORTH CAP LTDMONARCH
₹360.55-0.52%Score 76/100
P/E 15.2P/B 2.8ROE 20.5%Mkt Cap (Cr) 2,863
- ROE of 21% — excellent capital efficiency
- ROCE of 28% — highly efficient use of capital
- Healthy ROE of 21%
- Virtually debt-free (D/E 0.04)
#4
₹151.22+0.81%Score 74/100
P/E 14.4P/B 3.1ROE 21.2%Mkt Cap (Cr) 7,305
- ROE of 21% — excellent capital efficiency
- ROCE of 28% — highly efficient use of capital
- Healthy ROE of 21%
- Virtually debt-free (D/E 0.02)
#5
RAYMOND REALTY LIMITEDRAYMONDREL
₹683.3-2.29%Score 73/100
P/E 13.8P/B 2.7ROE 36.3%Mkt Cap (Cr) 4,554
- ROE of 36% — excellent capital efficiency
- ROCE of 30% — highly efficient use of capital
- Healthy ROE of 36%
- Reasonably valued at 13.8× earnings for a 36% ROE business
#6
OSWAL PUMPS LIMITEDOSWALPUMPS
₹398.85-1.15%Score 73/100
P/E 12.7P/B 2.8ROE 35.2%Mkt Cap (Cr) 4,554
- ROE of 35% — excellent capital efficiency
- ROCE of 38% — highly efficient use of capital
- Healthy ROE of 35%
- Conservatively financed (D/E 0.14)
#7
INFOSYS LIMITEDINFY
₹1,096.5+1.30%Score 71/100
P/E 14.3P/B 4.5ROE 31.9%Mkt Cap (Cr) 4,55,414
- ROE of 32% — excellent capital efficiency
- ROCE of 40% — highly efficient use of capital
- Healthy ROE of 32%
- Virtually debt-free (D/E 0.10)
#8
COAL INDIA LTDCOALINDIA
₹427.65+0.07%Score 71/100
P/E 8.7P/B 2.2ROE 28.5%Mkt 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)
#9
HINDUSTAN ZINC LIMITEDHINDZINC
₹518.35-0.69%Score 71/100
P/E 16.3P/B 9.9ROE 76.4%Mkt Cap (Cr) 2,19,033
- ROE of 76% — excellent capital efficiency
- ROCE of 69% — highly efficient use of capital
- Healthy ROE of 76%
- Conservatively financed (D/E 0.39)
#10
D. P. ABHUSHAN LIMITEDDPABHUSHAN
₹1,336+0.59%Score 71/100
P/E 10.3P/B 4.2ROE 40.9%Mkt Cap (Cr) 3,052
- ROE of 41% — excellent capital efficiency
- ROCE of 40% — highly efficient use of capital
- Healthy ROE of 41%
- Conservatively financed (D/E 0.48)
#11
TAJ GVK HOTELS & RESORTSTAJGVK
₹360.95+0.77%Score 71/100
P/E 5.2P/B 2.1ROE 18.4%Mkt Cap (Cr) 2,266
- Healthy ROE of 18%
- Conservatively financed (D/E 0.12)
- Reasonably valued at 5.2× earnings for a 18% ROE business
#12
MUKAND LTD.MUKANDLTD
₹145.69-0.35%Score 71/100
P/E 3.2P/B 1.3ROE 48.9%Mkt Cap (Cr) 2,106
- ROE of 49% — excellent capital efficiency
- ROCE of 23% — highly efficient use of capital
- Healthy ROE of 49%
- Reasonably valued at 3.2× earnings for a 49% ROE business
#13
₹2,269+3.09%Score 70/100
P/E 15.2P/B 7.0ROE 51.8%Mkt Cap (Cr) 8,20,971
- ROE of 52% — excellent capital efficiency
- ROCE of 63% — highly efficient use of capital
- Healthy ROE of 52%
- Conservatively financed (D/E 0.11)
#14
HERO MOTOCORP LIMITEDHEROMOTOCO
₹4,909.9+0.24%Score 70/100
P/E 17.0P/B 4.5ROE 28.5%Mkt Cap (Cr) 98,239
- ROE of 29% — excellent capital efficiency
- ROCE of 36% — highly efficient use of capital
- Healthy ROE of 29%
- Virtually debt-free (D/E 0.04)
#15
CHENNAI PETROLEUM CORP LTCHENNPETRO
₹1,200.6-3.24%Score 70/100
P/E 5.4P/B 1.5ROE 32.1%Mkt Cap (Cr) 17,932
- ROE of 32% — excellent capital efficiency
- ROCE of 35% — highly efficient use of capital
- Healthy ROE of 32%
- Conservatively financed (D/E 0.18)
#16
SENCO GOLD LIMITEDSENCO
₹364.55-0.26%Score 69/100
P/E 9.5P/B 2.2ROE 25.6%Mkt Cap (Cr) 5,971
- ROE of 26% — excellent capital efficiency
- ROCE of 21% — highly efficient use of capital
- Healthy ROE of 26%
- Reasonably valued at 9.5× earnings for a 26% ROE business
#17
THE GE SHPG.LTDGESHIP
₹1,345.4-2.32%Score 68/100
P/E 6.9P/B 1.2ROE 18.8%Mkt Cap (Cr) 19,206
- Healthy ROE of 19%
- Virtually debt-free (D/E 0.06)
- Conservatively financed (D/E 0.06)
- Reasonably valued at 6.9× earnings for a 19% ROE business
#18
₹235.7-0.97%Score 68/100
P/E 15.1P/B 3.9ROE 32.7%Mkt Cap (Cr) 9,784
- ROE of 33% — excellent capital efficiency
- ROCE of 29% — highly efficient use of capital
- Healthy ROE of 33%
- Conservatively financed (D/E 0.17)
#19
WEBSOL ENERGY SYSTEM LTDWEBELSOLAR
₹104.29+4.99%Score 68/100
P/E 15.2P/B 6.9ROE 66.9%Mkt Cap (Cr) 4,527
- ROE of 67% — excellent capital efficiency
- ROCE of 63% — highly efficient use of capital
- Healthy ROE of 67%
- Conservatively financed (D/E 0.21)
#20
SEAMEC LIMITEDSEAMECLTD
₹1,380.4-2.79%Score 68/100
P/E 14.7P/B 2.8ROE 21.8%Mkt Cap (Cr) 3,523
- ROE of 22% — excellent capital efficiency
- ROCE of 20% — highly efficient use of capital
- Healthy ROE of 22%
- Conservatively financed (D/E 0.27)
About this list
True value investing is buying good businesses at fair prices — not just anything with a low P/E. This list pairs a valuation screen with a quality screen so the "cheap" names are cheap for opportunity, not distress.
Important caveat
A low P/E can reflect declining earnings or a cyclical peak. Confirm the earnings are durable and the discount is temporary before treating it as value.
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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.