Cheaper than peers

Listed companies whose shares cost much less than their industry's and their own usual level, measured by price to earnings (P/E), and that still look healthy. Open a row to see why each one is here.

Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.

SectorSize132 companies

Cheaper than peers

Life Insurance Corporation of India LICI	Life Insurance	8 vs 59.487% cheaper	+6.8% / +24%	₹ 4,81,142.58 Cr.
Oil India OIL	Oil Exploration & Production	8.7 vs 49.382% cheaper	+57.7% / +96.7%	₹ 72,562.97 Cr.
Ramco Industries RAMCOIND	Other Construction Materials	7.8 vs 34.778% cheaper	+15.4% / +31.8%	₹ 2,441 Cr.
Brandman Retail BRANDMAN	Footwear	10.8 vs 46.877% cheaper	+60.1% / +16.4%	₹ 271.41 Cr.
NMDC NMDC	Industrial Minerals	7.8 vs 32.776% cheaper	+0.8% / +0.4%	₹ 58,289.75 Cr.
CP Capital CPCAP	Non Banking Financial Company (NBFC)	5.7 vs 22.575% cheaper	+46.7% / +18.2%	₹ 252.87 Cr.
CSL Finance CSLFINANCE	Non Banking Financial Company (NBFC)	5.6 vs 22.575% cheaper	+18.6% / +4.8%	₹ 484.02 Cr.
Jaro Institute of Technology Management and Research Ltd JARO	E-Learning	20.6 vs 79.874% cheaper	+16.4% / +37.5%	₹ 810.61 Cr.
Ugro Capital UGROCAP	Non Banking Financial Company (NBFC)	6.6 vs 22.571% cheaper	+0.7% / +79.4%	₹ 1,165.87 Cr.
Indraprastha Medical Corporation INDRAMEDCO	Hospital	14.6 vs 49.370% cheaper	+11.2% / +9.8%	₹ 2,764.99 Cr.
Rajapalayam Mills RAJPALAYAM	Other Textile Products	5.2 vs 16.368% cheaper	+38.1% / +125%	₹ 646.05 Cr.
Websol Energy System WEBELSOLAR	Other Electrical Equipment	8.4 vs 25.267% cheaper	+70.3% / +16.4%	₹ 2,626.69 Cr.
Seshaasai Technologies STYL	Financial Technology (Fintech)	18.9 vs 57.467% cheaper	+20.9% / +67.6%	₹ 4,995.43 Cr.
Dolat Algotech DOLATALGO	Stockbroking & Allied	7 vs 20.365% cheaper	+37.3% / +38.5%	₹ 1,002.34 Cr.
Expleo Solutions EXPLEOSOL	IT Enabled Services	8.6 vs 24.965% cheaper	+12.3% / +70%	₹ 1,240.74 Cr.
Plastiblends India PLASTIBLEN	Specialty Chemicals	9.1 vs 26.365% cheaper	+18.7% / +57.1%	₹ 419.73 Cr.
Sree Rayalaseema Hi-Strength Hypo SRHHYPOLTD	Commodity Chemicals	8.2 vs 22.764% cheaper	+17.2% / +13.6%	₹ 811.68 Cr.
Talbros Engineering 538987	Auto Components & Equipments	9.7 vs 26.664% cheaper	+6.8% / +12.7%	₹ 290.95 Cr.
Speciality Restaurants SPECIALITY	Restaurants	25 vs 7064% cheaper	+18% / +21.3%	₹ 644.67 Cr.
Muthoot Finance MUTHOOTFIN	Non Banking Financial Company (NBFC)	8.4 vs 22.563% cheaper	+34.4% / +43.1%	₹ 94,987.44 Cr.
India Gelatine & Chemicals 531253	Specialty Chemicals	9.7 vs 26.363% cheaper	+16.8% / +14.1%	₹ 255.33 Cr.
Suraj Estate Developers SURAJEST	Residential, Commercial Projects	8.9 vs 23.362% cheaper	+9.8% / +9.5%	₹ 827.48 Cr.
Asarfi Hospital 543943	Hospital	18.8 vs 49.362% cheaper	+32.8% / +33.4%	₹ 334.32 Cr.
Manoj Vaibhav Gems N Jewellers MVGJL	Gems, Jewellery And Watches	8 vs 20.962% cheaper	+30.1% / +33.3%	₹ 960.83 Cr.
Coal India COALINDIA	Coal	7.8 vs 20.362% cheaper	+7.8% / +0.7%	₹ 2,45,122.52 Cr.
Jayaswal Neco Industries JAYNECOIND	Iron & Steel Products	7.3 vs 18.661% cheaper	+23.2% / +119%	₹ 8,607.9 Cr.
Patel Retail PATELRMART	Diversified Retail	18 vs 45.160% cheaper	+69.7% / +37.6%	₹ 748.81 Cr.
Robust Hotels RHL	Hotels & Resorts	10.4 vs 26.160% cheaper	+1.8% / +51.9%	₹ 276.66 Cr.
Sreeleathers SREEL	Footwear	18.5 vs 46.860% cheaper	+19.7% / +138.6%	₹ 612.1 Cr.
Tera Software TERASOFT	IT Enabled Services	10.2 vs 24.959% cheaper	+52.3% / 0%	₹ 253.57 Cr.
IIFL Finance IIFL	Non Banking Financial Company (NBFC)	9.1 vs 22.559% cheaper	+28.5% / +92.6%	₹ 22,582.12 Cr.
Laxmi India Finance LAXMIINDIA	Non Banking Financial Company (NBFC)	9.2 vs 22.559% cheaper	+34.3% / +70%	₹ 525.87 Cr.
Northern ARC Capital NORTHARC	Non Banking Financial Company (NBFC)	9.1 vs 22.559% cheaper	+28.9% / +46.2%	₹ 4,020.81 Cr.
Radhika Jeweltech RADHIKAJWE	Gems, Jewellery And Watches	8.6 vs 20.959% cheaper	+54.5% / +27.8%	₹ 686.34 Cr.
Mayur Uniquoters MAYURUNIQ	Leather And Leather Products	14.8 vs 36.259% cheaper	+24.5% / +36.6%	₹ 3,043.48 Cr.
Sanofi India SANOFI	Pharmaceuticals	14.4 vs 33.257% cheaper	+7.9% / +20%	₹ 6,379.42 Cr.
Tanla Platforms TANLA	Software Products	13.9 vs 32.657% cheaper	+17.8% / +20.3%	₹ 7,419.2 Cr.
Menon Pistons MENNPIS	Auto Components & Equipments	11.5 vs 26.657% cheaper	+3.7% / +5.9%	₹ 303.04 Cr.
Ddev Plastiks Industries DDEVPLSTIK	Specialty Chemicals	11.7 vs 26.356% cheaper	+28.6% / +23.1%	₹ 2,512.23 Cr.
Systango Technologies SYSTANGO	Computers - Software & Consulting	9.9 vs 21.955% cheaper	+50% / +55.6%	₹ 299.24 Cr.
Transrail Lighting TRANSRAILL	Heavy Electrical Equipment	13.8 vs 30.455% cheaper	+4.6% / +1.9%	₹ 5,757.9 Cr.
Lupin LUPIN	Pharmaceuticals	14.8 vs 33.255% cheaper	+32.1% / +16.1%	₹ 88,023.68 Cr.
Modison MODISONLTD	Other Electrical Equipment	11.4 vs 25.255% cheaper	+92.4% / +91.7%	₹ 1,319.12 Cr.
Ponni Sugars (Erode) PONNIERODE	Sugar	7.4 vs 16.455% cheaper	+40.4% / +46.7%	₹ 285.21 Cr.
Xchanging Solutions XCHANGING	Computers - Software & Consulting	10.1 vs 21.954% cheaper	+8% / +7.1%	₹ 607.25 Cr.
Emmvee Photovoltaic Power EMMVEE	Other Electrical Equipment	11.5 vs 25.254% cheaper	+39.3% / +60.5%	₹ 16,430.2 Cr.
Almondz Global Securities ALMONDZ	Stockbroking & Allied	9.6 vs 20.353% cheaper	+37.5% / +85.7%	₹ 299.76 Cr.
One Global Service Provider ONEGLOBAL	Healthcare Service Provider	9.7 vs 20.553% cheaper	+17% / +40%	₹ 720.96 Cr.
Hindalco Industries HINDALCO	Aluminium	9.4 vs 20.253% cheaper	+32.1% / +75.1%	₹ 1,93,373.84 Cr.
Lords Chloro Alkali LORDSCHLO	Commodity Chemicals	11 vs 22.751% cheaper	+6% / +50%	₹ 366.77 Cr.
Sayaji Hotels (Pune) 544090	Hotels & Resorts	12.8 vs 26.151% cheaper	+5.7% / +29.7%	₹ 265.06 Cr.
Automotive Axles AUTOAXLES	Auto Components & Equipments	13.1 vs 26.651% cheaper	+5.7% / +27.8%	₹ 2,402.49 Cr.
Sandhar Technologies SANDHAR	Auto Components & Equipments	13.1 vs 26.651% cheaper	+26.8% / +32.1%	₹ 2,730.78 Cr.
MAS Financial Services MASFIN	Non Banking Financial Company (NBFC)	11.3 vs 22.550% cheaper	+20.6% / +26.4%	₹ 4,489.16 Cr.
Borana Weaves BORANA	Other Textile Products	8.1 vs 16.350% cheaper	+24.7% / +33.3%	₹ 558.75 Cr.
HPL Electric & Power HPL	Industrial Products	15.4 vs 30.950% cheaper	+34.5% / +5.6%	₹ 1,473.26 Cr.
Federal-Mogul Goetze (India) FMGOETZE	Auto Components & Equipments	13.2 vs 26.650% cheaper	+8.7% / 0%	₹ 2,372.58 Cr.
Suryoday Small Finance Bank SURYODAY	Other Bank	7.3 vs 14.750% cheaper	+25.7% / +114.3%	₹ 1,419.55 Cr.
RedTape REDTAPE	Footwear	23.3 vs 46.850% cheaper	+3.7% / +12.8%	₹ 5,787.9 Cr.
Aye Finance Ltd AYE	Non Banking Financial Company (NBFC)	11.4 vs 22.549% cheaper	+17.6% / +148.6%	₹ 3,227.45 Cr.
Rama Phosphates RAMAPHO	Fertilizers	6.4 vs 12.549% cheaper	+18.4% / +6.3%	₹ 344.2 Cr.
Alldigi Tech ALLDIGI	Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)	12.7 vs 2549% cheaper	+4.2% / +20%	₹ 1,169.77 Cr.
Hexagon Nutrition Ltd HEXAGON	Packaged Foods	21.2 vs 40.648% cheaper	+21.5% / +48%	₹ 753.17 Cr.
Anuh Pharma ANUHPHR	Pharmaceuticals	17.4 vs 33.248% cheaper	+4.3% / +37.5%	₹ 754.28 Cr.
Shankara Buildpro Ltd BUILDPRO	Speciality Retail	19.8 vs 37.347% cheaper	+20.5% / +12.5%	₹ 543.16 Cr.
Five-Star Business Finance FIVESTAR	Non Banking Financial Company (NBFC)	12 vs 22.547% cheaper	+5.3% / +1.9%	₹ 13,274.63 Cr.
Vaibhav Global VAIBHAVGBL	Gems, Jewellery And Watches	11.1 vs 20.947% cheaper	+12.7% / +47.4%	₹ 3,115.27 Cr.
Capital Small Finance Bank CAPITALSFB	Other Bank	7.8 vs 14.747% cheaper	+16.6% / +28.1%	₹ 1,185.67 Cr.
Brahmaputra Infrastructure BRAHMINFRA	Civil Construction	7.8 vs 14.446% cheaper	+20.7% / +6.7%	₹ 477.76 Cr.
Nila Spaces NILASPACES	Residential, Commercial Projects	12.5 vs 23.346% cheaper	+14.3% / +47.3%	₹ 394.8 Cr.
CIE Automotive India CIEINDIA	Auto Components & Equipments	14.4 vs 26.646% cheaper	+11% / +14%	₹ 13,472.47 Cr.
Bajaj Healthcare BAJAJHCARE	Pharmaceuticals	18.1 vs 33.245% cheaper	+18.9% / +27.3%	₹ 1,055.05 Cr.
Pelatro PELATRO	Web based media and service	15.7 vs 28.445% cheaper	+50.7% / +52.5%	₹ 331.17 Cr.
Ellenbarrie Industrial Gases ELLEN	Industrial Gases	35.5 vs 65.145% cheaper	+17.9% / +84.2%	₹ 4,300.21 Cr.
BLS International Services BLS	Tour, Travel Related Services	12.2 vs 22.145% cheaper	+25.3% / +11.6%	₹ 8,593.03 Cr.
G R Infraprojects GRINFRA	Civil Construction	8.1 vs 14.444% cheaper	+40% / +46.7%	₹ 7,739.28 Cr.
Canara Robeco Asset Management Company Ltd CRAMC	Asset Management Company	17.8 vs 31.644% cheaper	+18.5% / +20.4%	₹ 4,083.34 Cr.
Mastek MASTEK	Computers - Software & Consulting	12.4 vs 21.943% cheaper	+8.4% / +9.3%	₹ 5,440.83 Cr.
Fedbank Financial Services FEDFINA	Non Banking Financial Company (NBFC)	12.9 vs 22.543% cheaper	+34.4% / +63.7%	₹ 5,603.98 Cr.
Tamilnadu Petroproducts TNPETRO	Petrochemicals	7.5 vs 13.143% cheaper	+68.5% / +128.6%	₹ 1,027.25 Cr.
Sarla Performance Fibers SARLAPOLY	Other Textile Products	9.2 vs 16.343% cheaper	+10.8% / +68.2%	₹ 729.05 Cr.
Siyaram Silk Mills SIYSIL	Other Textile Products	9.2 vs 16.343% cheaper	+14.7% / +120%	₹ 2,172.95 Cr.
Rossari Biotech ROSSARI	Specialty Chemicals	15 vs 26.343% cheaper	+19.1% / +5.4%	₹ 2,299.14 Cr.
United Drilling Tools UNIDT	Industrial Products	17.7 vs 30.943% cheaper	+7.7% / +42.6%	₹ 361.05 Cr.
Dharmaj Crop Guard DHARMAJ	Pesticides & Agrochemicals	13.4 vs 23.643% cheaper	+4.6% / +15.2%	₹ 813.46 Cr.
Butterfly Gandhimathi Appliances BUTTERFLY	Household Appliances	18.9 vs 33.343% cheaper	+13% / +17.6%	₹ 994.88 Cr.
GK Energy GKENERGY	Civil Construction	8.4 vs 14.442% cheaper	+71.2% / +62.2%	₹ 1,907.49 Cr.
Aptech APTECHT	Education	17.5 vs 30.242% cheaper	+11.1% / +13.7%	₹ 455.38 Cr.
Captain Polyplast CPL	Plastic Products - Industrial	12.3 vs 21.442% cheaper	+16.4% / +8.4%	₹ 346.51 Cr.
Jana Small Finance Bank JSFB	Other Bank	8.5 vs 14.742% cheaper	+22.6% / +126.7%	₹ 4,051.91 Cr.
Gujarat Pipavav Port GPPL	Port & Port services	14 vs 23.641% cheaper	+32.8% / +42.3%	₹ 7,525.7 Cr.
Kamat Hotels (India) KAMATHOTEL	Hotels & Resorts	15.4 vs 26.141% cheaper	+9.5% / +129.1%	₹ 645.23 Cr.
Globus Spirits GLOBUSSPR	Breweries & Distilleries	22.3 vs 3841% cheaper	+12.7% / +44.4%	₹ 2,249.42 Cr.
Alembic Pharmaceuticals APLLTD	Pharmaceuticals	20 vs 33.240% cheaper	+25.7% / +11.7%	₹ 14,927.47 Cr.
Vraj Iron and Steel VRAJ	Sponge Iron	11 vs 18.440% cheaper	+40.6% / +50%	₹ 394.08 Cr.
Bajaj Consumer Care BAJAJCON	Personal Care	20.7 vs 33.939% cheaper	+25.7% / +66.7%	₹ 5,210.65 Cr.
OnEMI Technology Solutions Ltd KISSHT	Other Financial Services	19.6 vs 32.139% cheaper	+81.6% / +75.9%	₹ 5,483.82 Cr.
Sun Tv Network SUNTV	TV Broadcasting & Software Production	14.4 vs 23.639% cheaper	+13% / +17%	₹ 22,966.2 Cr.
Bhatia Communications & Retail (India) Ltd 540956	Speciality Retail	23.2 vs 37.338% cheaper	+70.3% / +90.5%	₹ 464.15 Cr.
DCB Bank DCBBANK	Private Sector Bank	7.7 vs 12.538% cheaper	+12.5% / +28.3%	₹ 6,490.08 Cr.
Shalby SHALBY	Hospital	31.1 vs 49.337% cheaper	+11.8% / +25%	₹ 1,210.47 Cr.
Rupa & Company RUPA	Garments & Apparels	12 vs 19.137% cheaper	+10.1% / +49.6%	₹ 936.18 Cr.
Deep Industries DEEPINDS	Oil Equipment & Services	10.4 vs 16.537% cheaper	+39.5% / +43.5%	₹ 4,314.24 Cr.
Stallion India Fluorochemicals STALLION	Industrial Gases	40.9 vs 65.137% cheaper	+10% / +90%	₹ 2,120.89 Cr.
Can Fin Homes CANFINHOME	Housing Finance Company	8.2 vs 12.936% cheaper	+7.8% / +9.6%	₹ 9,433.02 Cr.
Manba Finance MANBA	Non Banking Financial Company (NBFC)	14.3 vs 22.536% cheaper	+38.8% / +30%	₹ 711.65 Cr.
Black Rose Industries BLACKROSE	Specialty Chemicals	16.9 vs 26.336% cheaper	+48.3% / +150%	₹ 475.92 Cr.
Shipping Corporation of India SCI	Shipping	6.8 vs 10.736% cheaper	+40.3% / +74.9%	₹ 11,083.69 Cr.
Uniparts India UNIPARTS	Auto Components & Equipments	16.9 vs 26.636% cheaper	+26.6% / +67.6%	₹ 3,124.67 Cr.
Kansai Nerolac Paints KANSAINER	Paints	22.7 vs 35.636% cheaper	+9.8% / +5.6%	₹ 14,638.9 Cr.
MSP Steel & Power MSPL	Iron & Steel Products	12.1 vs 18.635% cheaper	+16.3% / +22.2%	₹ 1,688.94 Cr.
Forbes Precision Tools and Machine Parts Ltd 544186	Industrial Products	20.1 vs 30.935% cheaper	+28.9% / +137%	₹ 681.13 Cr.
Dollar Industries DOLLAR	Garments & Apparels	12.4 vs 19.135% cheaper	+1.3% / +20%	₹ 1,382.69 Cr.
Amara Raja Energy & Mobility ARE&M	Auto Components & Equipments	17.2 vs 26.635% cheaper	+20.6% / +4.6%	₹ 12,628.75 Cr.
Garuda Construction and Engineering GARUDA	Civil Construction	9.5 vs 14.434% cheaper	+40% / +50%	₹ 1,285.72 Cr.
ADF Foods ADFFOODS	Packaged Foods	26.7 vs 40.634% cheaper	+25.6% / +13.3%	₹ 2,591.24 Cr.
Fiem Industries FIEMIND	Auto Components & Equipments	17.6 vs 26.634% cheaper	+17.6% / +12.1%	₹ 4,626.99 Cr.
Waaree Energies WAAREEENER	Other Electrical Equipment	16.8 vs 25.233% cheaper	+79.2% / +15.4%	₹ 67,339.18 Cr.
Munjal Auto Industries MUNJALAU	Auto Components & Equipments	17.8 vs 26.633% cheaper	+42.4% / +52.6%	₹ 913.59 Cr.
B&B Triplewall Containers BBTCL	Packaging	12.2 vs 1832% cheaper	+24.9% / +8.9%	₹ 410.23 Cr.
Empire Industries EMPIND	Diversified	10.1 vs 14.932% cheaper	+10.2% / +40%	₹ 569.94 Cr.
Ajmera Realty & Infra India AJMERA	Residential, Commercial Projects	15.8 vs 23.332% cheaper	+22.9% / +15.4%	₹ 2,432.62 Cr.
BMW Industries 542669	Iron & Steel Products	12.7 vs 18.632% cheaper	+11.4% / +26.7%	₹ 1,084.92 Cr.
Gandhi Special Tubes GANDHITUBE	Iron & Steel Products	12.6 vs 18.632% cheaper	+18.8% / +27.3%	₹ 1,035.42 Cr.
DMCC Speciality Chemicals DMCC	Specialty Chemicals	18 vs 26.332% cheaper	+99.2% / +150%	₹ 728.83 Cr.
Krystal Integrated Services KRYSTAL	Diversified Commercial Services	12.7 vs 18.632% cheaper	+11.8% / +6.3%	₹ 818.79 Cr.
BMW Ventures BMWVENTLTD	Trading - Metals	13.8 vs 20.232% cheaper	+25.6% / +37.5%	₹ 549.26 Cr.
Kanpur Plastipack KANPRPLA	Packaging	12.4 vs 1831% cheaper	+12.8% / +100%	₹ 557.99 Cr.
Shri Jagdamba Polymers SHRJAGP	Packaging	12.5 vs 1831% cheaper	+28.4% / +46.2%	₹ 556.09 Cr.
Dhabriya Polywood DHABRIYA	Plastic Products - Industrial	14.8 vs 21.431% cheaper	+10% / +35.5%	₹ 506.09 Cr.
Eris Lifesciences ERIS	Pharmaceuticals	23.2 vs 33.230% cheaper	+12.9% / +14.4%	₹ 15,246.32 Cr.
Trident Lifeline 543616	Pharmaceuticals	23.2 vs 33.230% cheaper	+42.8% / +82.4%	₹ 487.47 Cr.