High ROE stocks at a low P/E
Companies with a high return on equity at a modest price. Change any filter below to make it your own.
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Companies that pass
131
as of 2026-11-01
Typical ROCE
28.1%
all companies ₹1,000 Cr+: 14.9%
Typical P/E
11.9
all companies ₹1,000 Cr+: 27.5
Sectors
- Consumer Discretionary 28
- Industrials 24
- Commodities 14
- Services 13
- Others 52
131 results
· data as of 2026-11-011 / 3
| Industry | ROCE, last 5 years | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | Computers - Software & Consulting | 9,05,941 Cr | 17.55 | 7.61 | 43.2% | 4.4% | 0.0005 | ||
| LICI Life Insurance Corporation Of India | Life Insurance | 4,84,811 Cr | 8.07 | 2.54 | 31.4% | 1.6% | 0.00 | ||
| INFY Infosys Limited | Computers - Software & Consulting | 4,80,162 Cr | 15.62 | 4.85 | 30.9% | 3.9% | — | ||
| M&M Mahindra & Mahindra Limited | Passenger Cars & Utility Vehicles | 3,53,199 Cr | 17.19 | 3.41 | 18.5% | 1.0% | 1.39 | ||
| ITC ITC Limited | Diversified FMCG | 3,32,502 Cr | 16.76 | 4.59 | 27.7% | 5.5% | 0.03 | ||
| JSWSTEEL JSW Steel Limited | Iron & Steel | 3,04,704 Cr | 10.71 | 2.69 | 27.9% | 0.2% | 0.58 | ||
| COALINDIA Coal India Limited | Coal | 2,39,730 Cr | 7.19 | 1.88 | 25.7% | 6.8% | 0.12 | ||
| HINDZINC Hindustan Zinc Limited | Zinc | 2,13,701 Cr | 10.26 | 7.13 | 69.5% | 2.2% | 0.21 | ||
| IOC Indian Oil Corporation Limited | Refineries & Marketing | 1,79,237 Cr | 3.79 | 0.77 | 20.8% | 7.6% | 0.60 | ||
| PFC Power Finance Corporation Limited | Financial Institution | 1,03,481 Cr | 3.97 | 0.78 | 19.4% | 0.0% | 7.62 | ||
| HEROMOTOCO Hero MotoCorp Limited | 2/3 Wheelers | 1,03,418 Cr | 17.23 | 4.42 | 25.5% | 3.4% | 0.03 | ||
| INDUSTOWER Indus Towers Limited | Telecom - Infrastructure | 99,799 Cr | 14.04 | 2.53 | 18.0% | 3.0% | 0.03 | ||
| MUTHOOTFIN Muthoot Finance Limited | Non Banking Financial Company (NBFC) | 96,698 Cr | 7.93 | 2.20 | 27.6% | 1.1% | 4.10 | ||
| VEDL Vedanta Limited | Diversified Metals | 93,019 Cr | 4.32 | 7.29 | 118.9% | 4.6% | 2.37 | ||
| LUPIN Lupin Limited | Pharmaceuticals | 91,941 Cr | 16.63 | 4.09 | 24.7% | 0.6% | 0.26 | ||
| WAAREEENER Waaree Energies Limited | Other Electrical Equipment | 66,275 Cr | 17.95 | 4.14 | 22.4% | 0.1% | 0.28 | ||
| MAHABANK Bank of Maharashtra | Public Sector Bank | 62,579 Cr | 7.82 | 1.68 | 21.4% | 2.7% | 1.28 | ||
| NMDC NMDC Limited | Industrial Minerals | 59,204 Cr | 7.94 | 1.74 | 21.9% | 5.2% | 0.17 | ||
| NATIONALUM National Aluminium Company Limited | Aluminium | 57,753 Cr | 8.56 | 2.67 | 31.2% | 3.5% | 0.0070 | ||
| PETRONET Petronet LNG Limited | LPG/CNG/PNG/LNG Supplier | 43,430 Cr | 10.32 | 1.95 | 18.9% | 3.5% | 0.0017 | ||
| KARURVYSYA Karur Vysya Bank Limited | Private Sector Bank | 34,424 Cr | 11.64 | 2.24 | 19.2% | 0.6% | 0.15 | ||
| MRPL Mangalore Refinery and Petrochemicals Limited | Refineries & Marketing | 30,346 Cr | 6.87 | 1.78 | 25.9% | 2.3% | 0.54 | ||
| HUDCO Housing & Urban Development Corporation Limited | Financial Institution | 28,651 Cr | 6.73 | 1.30 | 19.4% | 3.7% | 6.45 | ||
| GODFRYPHLP Godfrey Phillips India Limited | Cigarettes & Tobacco Products | 26,362 Cr | 19.27 | 4.24 | 22.0% | 2.2% | 0.02 | ||
| TVSHLTD TVS Holdings Limited | Investment Company | 24,681 Cr | 11.41 | 3.69 | 30.3% | 1.9% | 6.80 | ||
| FORCEMOT FORCE MOTORS LTD | Passenger Cars & Utility Vehicles | 22,874 Cr | 19.14 | 4.93 | 25.8% | 0.3% | 0.0057 | ||
| GESHIP The Great Eastern Shipping Company Limited | Shipping | 22,751 Cr | 6.07 | 1.34 | 22.1% | 1.8% | 0.06 | ||
| CHENNPETRO Chennai Petroleum Corporation Limited | Refineries & Marketing | 22,508 Cr | 3.95 | 1.66 | 41.9% | 0.9% | 0.16 | ||
| CASTROLIND Castrol India Limited | Lubricants | 18,595 Cr | 18.39 | 9.76 | 53.0% | 6.9% | — | ||
| EMMVEE Emmvee Photovoltaic Power Limited | Other Electrical Equipment | 15,855 Cr | 11.18 | 3.61 | 32.3% | — | 0.21 | ||
| BAYERCROP Bayer Cropscience Limited | Pesticides & Agrochemicals | 14,623 Cr | 19.97 | 4.93 | 24.7% | 3.8% | 0.0006 | ||
| ECLERX eClerx Services Limited | Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) | 14,283 Cr | 19.67 | 4.90 | 24.9% | 0.1% | 0.0000 | ||
| CHAMBLFERT Chambal Fertilizers & Chemicals Limited | Fertilizers | 14,178 Cr | 7.35 | 1.36 | 18.6% | 2.8% | 0.10 | ||
| ENGINERSIN Engineers India Limited | Civil Construction | 14,155 Cr | 15.77 | 4.24 | 26.9% | 1.8% | — | ||
| STAR Strides Pharma Science Limited | Pharmaceuticals | 9,851 Cr | 15.97 | 2.88 | 18.4% | 0.4% | 0.54 | ||
| SIGNATURE Signatureglobal (India) Limited | Residential, Commercial Projects | 9,840 Cr | 9.43 | 5.34 | 56.4% | — | 1.59 | ||
| APTUS Aptus Value Housing Finance India Limited | Housing Finance Company | 9,580 Cr | 9.73 | 1.89 | 19.5% | 2.3% | 1.56 | ||
| IEX Indian Energy Exchange Limited | Exchange and Data Platform | 8,989 Cr | 17.19 | 6.16 | 35.8% | 3.0% | — | ||
| INDIAMART Indiamart Intermesh Limited | Internet & Catalogue Retail | 8,938 Cr | 17.82 | 3.86 | 21.7% | 3.4% | — | ||
| BLS BLS International Services Limited | Tour, Travel Related Services | 8,607 Cr | 12.20 | 3.50 | 26.7% | 1.5% | 0.09 | ||
| JAYNECOIND Jayaswal Neco Industries Limited | Iron & Steel Products | 8,454 Cr | 12.28 | 2.55 | 20.8% | — | 0.45 | ||
| GENUSPOWER Genus Power Infrastructures Limited | Other Electrical Equipment | 8,321 Cr | 11.61 | 3.41 | 29.4% | 0.7% | 1.04 | ||
| TANLA Tanla Platforms Limited | Software Products | 8,318 Cr | 15.01 | 3.06 | 20.4% | 1.9% | 0.02 | ||
| BANCOINDIA Banco Products (I) Limited | Auto Components & Equipments | 8,207 Cr | 16.59 | 4.87 | 29.4% | 2.6% | 0.25 | ||
| BBTC The Bombay Burmah Trading Corporation Limited | Packaged Foods | 8,002 Cr | 6.20 | 1.14 | 26.9% | 12.6% | 0.22 | ||
| SANDUMA Sandur Manganese & Iron Ores Limited | Iron & Steel | 7,864 Cr | 10.96 | 2.42 | 22.0% | 0.3% | 0.31 | ||
| GPPL Gujarat Pipavav Port Limited | Port & Port services | 7,689 Cr | 13.76 | 3.21 | 23.4% | 6.0% | 0.00 | ||
| MMTC MMTC Limited | Trading & Distributors | 7,566 Cr | 16.91 | 3.57 | 21.1% | — | 0.02 | ||
| WAAREERTL Waaree Renewable Technologies Limited | Other Electrical Equipment | 7,248 Cr | 15.56 | 6.48 | 27.3% | 0.3% | 1.26 | ||
| GOKULAGRO Gokul Agro Resources Limited | Edible Oil | 6,329 Cr | 13.47 | 3.73 | 27.4% | — | 0.35 |
- TCSComputers - Software & ConsultingTata Consultancy Services Limited
- Mcap
- 9,05,941 Cr
- P/E
- 17.55
- P/B
- 7.61
- ROE
- 43.2%
- Div yield
- 4.4%
- D/E
- 0.0005
- LICILife InsuranceLife Insurance Corporation Of India
- Mcap
- 4,84,811 Cr
- P/E
- 8.07
- P/B
- 2.54
- ROE
- 31.4%
- Div yield
- 1.6%
- D/E
- 0.00
- INFYComputers - Software & ConsultingInfosys Limited
- Mcap
- 4,80,162 Cr
- P/E
- 15.62
- P/B
- 4.85
- ROE
- 30.9%
- Div yield
- 3.9%
- D/E
- —
- M&MPassenger Cars & Utility VehiclesMahindra & Mahindra Limited
- Mcap
- 3,53,199 Cr
- P/E
- 17.19
- P/B
- 3.41
- ROE
- 18.5%
- Div yield
- 1.0%
- D/E
- 1.39
- ITCDiversified FMCGITC Limited
- Mcap
- 3,32,502 Cr
- P/E
- 16.76
- P/B
- 4.59
- ROE
- 27.7%
- Div yield
- 5.5%
- D/E
- 0.03
- JSWSTEELIron & SteelJSW Steel Limited
- Mcap
- 3,04,704 Cr
- P/E
- 10.71
- P/B
- 2.69
- ROE
- 27.9%
- Div yield
- 0.2%
- D/E
- 0.58
- COALINDIACoalCoal India Limited
- Mcap
- 2,39,730 Cr
- P/E
- 7.19
- P/B
- 1.88
- ROE
- 25.7%
- Div yield
- 6.8%
- D/E
- 0.12
- HINDZINCZincHindustan Zinc Limited
- Mcap
- 2,13,701 Cr
- P/E
- 10.26
- P/B
- 7.13
- ROE
- 69.5%
- Div yield
- 2.2%
- D/E
- 0.21
- IOCRefineries & MarketingIndian Oil Corporation Limited
- Mcap
- 1,79,237 Cr
- P/E
- 3.79
- P/B
- 0.77
- ROE
- 20.8%
- Div yield
- 7.6%
- D/E
- 0.60
- PFCFinancial InstitutionPower Finance Corporation Limited
- Mcap
- 1,03,481 Cr
- P/E
- 3.97
- P/B
- 0.78
- ROE
- 19.4%
- Div yield
- 0.0%
- D/E
- 7.62
- HEROMOTOCO2/3 WheelersHero MotoCorp Limited
- Mcap
- 1,03,418 Cr
- P/E
- 17.23
- P/B
- 4.42
- ROE
- 25.5%
- Div yield
- 3.4%
- D/E
- 0.03
- INDUSTOWERTelecom - InfrastructureIndus Towers Limited
- Mcap
- 99,799 Cr
- P/E
- 14.04
- P/B
- 2.53
- ROE
- 18.0%
- Div yield
- 3.0%
- D/E
- 0.03
- MUTHOOTFINNon Banking Financial Company (NBFC)Muthoot Finance Limited
- Mcap
- 96,698 Cr
- P/E
- 7.93
- P/B
- 2.20
- ROE
- 27.6%
- Div yield
- 1.1%
- D/E
- 4.10
- VEDLDiversified MetalsVedanta Limited
- Mcap
- 93,019 Cr
- P/E
- 4.32
- P/B
- 7.29
- ROE
- 118.9%
- Div yield
- 4.6%
- D/E
- 2.37
- LUPINPharmaceuticalsLupin Limited
- Mcap
- 91,941 Cr
- P/E
- 16.63
- P/B
- 4.09
- ROE
- 24.7%
- Div yield
- 0.6%
- D/E
- 0.26
- WAAREEENEROther Electrical EquipmentWaaree Energies Limited
- Mcap
- 66,275 Cr
- P/E
- 17.95
- P/B
- 4.14
- ROE
- 22.4%
- Div yield
- 0.1%
- D/E
- 0.28
- MAHABANKPublic Sector BankBank of Maharashtra
- Mcap
- 62,579 Cr
- P/E
- 7.82
- P/B
- 1.68
- ROE
- 21.4%
- Div yield
- 2.7%
- D/E
- 1.28
- NMDCIndustrial MineralsNMDC Limited
- Mcap
- 59,204 Cr
- P/E
- 7.94
- P/B
- 1.74
- ROE
- 21.9%
- Div yield
- 5.2%
- D/E
- 0.17
- NATIONALUMAluminiumNational Aluminium Company Limited
- Mcap
- 57,753 Cr
- P/E
- 8.56
- P/B
- 2.67
- ROE
- 31.2%
- Div yield
- 3.5%
- D/E
- 0.0070
- PETRONETLPG/CNG/PNG/LNG SupplierPetronet LNG Limited
- Mcap
- 43,430 Cr
- P/E
- 10.32
- P/B
- 1.95
- ROE
- 18.9%
- Div yield
- 3.5%
- D/E
- 0.0017
- KARURVYSYAPrivate Sector BankKarur Vysya Bank Limited
- Mcap
- 34,424 Cr
- P/E
- 11.64
- P/B
- 2.24
- ROE
- 19.2%
- Div yield
- 0.6%
- D/E
- 0.15
- MRPLRefineries & MarketingMangalore Refinery and Petrochemicals Limited
- Mcap
- 30,346 Cr
- P/E
- 6.87
- P/B
- 1.78
- ROE
- 25.9%
- Div yield
- 2.3%
- D/E
- 0.54
- HUDCOFinancial InstitutionHousing & Urban Development Corporation Limited
- Mcap
- 28,651 Cr
- P/E
- 6.73
- P/B
- 1.30
- ROE
- 19.4%
- Div yield
- 3.7%
- D/E
- 6.45
- GODFRYPHLPCigarettes & Tobacco ProductsGodfrey Phillips India Limited
- Mcap
- 26,362 Cr
- P/E
- 19.27
- P/B
- 4.24
- ROE
- 22.0%
- Div yield
- 2.2%
- D/E
- 0.02
- TVSHLTDInvestment CompanyTVS Holdings Limited
- Mcap
- 24,681 Cr
- P/E
- 11.41
- P/B
- 3.69
- ROE
- 30.3%
- Div yield
- 1.9%
- D/E
- 6.80
- FORCEMOTPassenger Cars & Utility VehiclesFORCE MOTORS LTD
- Mcap
- 22,874 Cr
- P/E
- 19.14
- P/B
- 4.93
- ROE
- 25.8%
- Div yield
- 0.3%
- D/E
- 0.0057
- GESHIPShippingThe Great Eastern Shipping Company Limited
- Mcap
- 22,751 Cr
- P/E
- 6.07
- P/B
- 1.34
- ROE
- 22.1%
- Div yield
- 1.8%
- D/E
- 0.06
- CHENNPETRORefineries & MarketingChennai Petroleum Corporation Limited
- Mcap
- 22,508 Cr
- P/E
- 3.95
- P/B
- 1.66
- ROE
- 41.9%
- Div yield
- 0.9%
- D/E
- 0.16
- CASTROLINDLubricantsCastrol India Limited
- Mcap
- 18,595 Cr
- P/E
- 18.39
- P/B
- 9.76
- ROE
- 53.0%
- Div yield
- 6.9%
- D/E
- —
- EMMVEEOther Electrical EquipmentEmmvee Photovoltaic Power Limited
- Mcap
- 15,855 Cr
- P/E
- 11.18
- P/B
- 3.61
- ROE
- 32.3%
- Div yield
- —
- D/E
- 0.21
- BAYERCROPPesticides & AgrochemicalsBayer Cropscience Limited
- Mcap
- 14,623 Cr
- P/E
- 19.97
- P/B
- 4.93
- ROE
- 24.7%
- Div yield
- 3.8%
- D/E
- 0.0006
- ECLERXBusiness Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)eClerx Services Limited
- Mcap
- 14,283 Cr
- P/E
- 19.67
- P/B
- 4.90
- ROE
- 24.9%
- Div yield
- 0.1%
- D/E
- 0.0000
- CHAMBLFERTFertilizersChambal Fertilizers & Chemicals Limited
- Mcap
- 14,178 Cr
- P/E
- 7.35
- P/B
- 1.36
- ROE
- 18.6%
- Div yield
- 2.8%
- D/E
- 0.10
- ENGINERSINCivil ConstructionEngineers India Limited
- Mcap
- 14,155 Cr
- P/E
- 15.77
- P/B
- 4.24
- ROE
- 26.9%
- Div yield
- 1.8%
- D/E
- —
- STARPharmaceuticalsStrides Pharma Science Limited
- Mcap
- 9,851 Cr
- P/E
- 15.97
- P/B
- 2.88
- ROE
- 18.4%
- Div yield
- 0.4%
- D/E
- 0.54
- SIGNATUREResidential, Commercial ProjectsSignatureglobal (India) Limited
- Mcap
- 9,840 Cr
- P/E
- 9.43
- P/B
- 5.34
- ROE
- 56.4%
- Div yield
- —
- D/E
- 1.59
- APTUSHousing Finance CompanyAptus Value Housing Finance India Limited
- Mcap
- 9,580 Cr
- P/E
- 9.73
- P/B
- 1.89
- ROE
- 19.5%
- Div yield
- 2.3%
- D/E
- 1.56
- IEXExchange and Data PlatformIndian Energy Exchange Limited
- Mcap
- 8,989 Cr
- P/E
- 17.19
- P/B
- 6.16
- ROE
- 35.8%
- Div yield
- 3.0%
- D/E
- —
- INDIAMARTInternet & Catalogue RetailIndiamart Intermesh Limited
- Mcap
- 8,938 Cr
- P/E
- 17.82
- P/B
- 3.86
- ROE
- 21.7%
- Div yield
- 3.4%
- D/E
- —
- BLSTour, Travel Related ServicesBLS International Services Limited
- Mcap
- 8,607 Cr
- P/E
- 12.20
- P/B
- 3.50
- ROE
- 26.7%
- Div yield
- 1.5%
- D/E
- 0.09
- JAYNECOINDIron & Steel ProductsJayaswal Neco Industries Limited
- Mcap
- 8,454 Cr
- P/E
- 12.28
- P/B
- 2.55
- ROE
- 20.8%
- Div yield
- —
- D/E
- 0.45
- GENUSPOWEROther Electrical EquipmentGenus Power Infrastructures Limited
- Mcap
- 8,321 Cr
- P/E
- 11.61
- P/B
- 3.41
- ROE
- 29.4%
- Div yield
- 0.7%
- D/E
- 1.04
- TANLASoftware ProductsTanla Platforms Limited
- Mcap
- 8,318 Cr
- P/E
- 15.01
- P/B
- 3.06
- ROE
- 20.4%
- Div yield
- 1.9%
- D/E
- 0.02
- BANCOINDIAAuto Components & EquipmentsBanco Products (I) Limited
- Mcap
- 8,207 Cr
- P/E
- 16.59
- P/B
- 4.87
- ROE
- 29.4%
- Div yield
- 2.6%
- D/E
- 0.25
- BBTCPackaged FoodsThe Bombay Burmah Trading Corporation Limited
- Mcap
- 8,002 Cr
- P/E
- 6.20
- P/B
- 1.14
- ROE
- 26.9%
- Div yield
- 12.6%
- D/E
- 0.22
- SANDUMAIron & SteelSandur Manganese & Iron Ores Limited
- Mcap
- 7,864 Cr
- P/E
- 10.96
- P/B
- 2.42
- ROE
- 22.0%
- Div yield
- 0.3%
- D/E
- 0.31
- GPPLPort & Port servicesGujarat Pipavav Port Limited
- Mcap
- 7,689 Cr
- P/E
- 13.76
- P/B
- 3.21
- ROE
- 23.4%
- Div yield
- 6.0%
- D/E
- 0.00
- MMTCTrading & DistributorsMMTC Limited
- Mcap
- 7,566 Cr
- P/E
- 16.91
- P/B
- 3.57
- ROE
- 21.1%
- Div yield
- —
- D/E
- 0.02
- WAAREERTLOther Electrical EquipmentWaaree Renewable Technologies Limited
- Mcap
- 7,248 Cr
- P/E
- 15.56
- P/B
- 6.48
- ROE
- 27.3%
- Div yield
- 0.3%
- D/E
- 1.26
- GOKULAGROEdible OilGokul Agro Resources Limited
- Mcap
- 6,329 Cr
- P/E
- 13.47
- P/B
- 3.73
- ROE
- 27.4%
- Div yield
- —
- D/E
- 0.35
About this screen: why it might work, and what it can miss
A high return on equity at a modest price can mean the market doubts the returns will last. Where the returns do last, the price has room to catch up.
- A low P/E often has a reason: a one-off gain in the profit, a cyclical peak, or a business in decline. Check the profit's quality on the company page.
A screen applies a rule to reported figures; it is not a recommendation to buy or sell.
Data as of 2026-11-01. Not investment advice.