41+ Best Penny Stocks to Buy In India

For a massive return in the stock market, penny stocks are one of the best ways. In the last few years, many penny stocks become multi-bagger stocks and have given massive returns like 5X, 6X, 7X, etc. According to the experts still, there are huge opportunities for it. Check the best penny stocks list with all the fundamentals data.

We are also sharing fundamental data like profit growth, company essentials, and the shareholding pattern of each penny stock. This data will help to understand the company’s strength, potential to give returns, financials, and many more things.

Always remember that penny stocks are hazardous and volatile, investing without proper risk management, knowledge, and research can burn the investments. So, it is not recommended for newbie investors. During a crash or bad news in the stock market, most of the time retail investors lose the money.

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What are Penny Stocks?

There are many ways to identify which stock is a penny stock. In most cases the stock price of a penny stock is very low, market cap near Rs. 5000 Cr., penny stocks are very volatile, and many more.

If the price of any stock is very low like Rs. 10, 20, 25, etc. and the stock’s market cap is also lower than Rs. 5000 Cr. Then we can consider it a penny stock.

On the other side if the stock or company market cap is very high but the stock price is near Es. 50, 100, etc. then it is not a penny stock. In a few words, in most cases, the stock price does not matter. You have to check company financials to know which stock is penny stock or not.

▶ Investing in Penny Stocks

Most retail investors prefer to invest in penny stocks and mid-cap stocks to get very high or multi-bagger returns. Most probably they make these types of decisions because of a lack of knowledge of the stock market.

During the market crash, the penny stocks crashed a lot of during the bull run they gave good profit as well. According to data only 60-70% of penny stock companies will survive in the future and the rest will give negative returns.

So, do not invest in penny stocks to get higher returns in most cases you may face higher losses. If you still want to invest in a penny stock and have the potential to take some risk then you should also invest maximum money in large-cap stock.

Investing in large-cap stock will keep most of the capital safe during the market crash or any problem in any specific stock.

While investing in penny stocks always make sure you are investing in those stocks which are industry leaders, fundamentally strong and stable, future scope in the sector, etc.

▶ Thumb Rules for Investing

There are a lot of rules to increase your return and book maximum profit in the stock market. On the other side, these rules also minimize the risk as well and in the worse conditions, you’ll see less risk in comparison to others.

Below are a few rules, you should follow to maximize your profit and reduce your risk in investing. These rules are valid for everyone, every sector, and every stock. But these rules are not enough.

  • Rule 1: Do not invest in penny stocks, if investing make sure most of the money is invested in the large-cap stock, large-cap mutual funds, etc. Penny stocks are very risky, especially for retail investors.
  • Rule 2: Invest for the long term, at least 5 to 6 years. Investing for the long term reduces a lot of risk. It is confirmed that the market will go up in the long term.
  • Rule 3: Do not invest in a lot of stocks, It will become very hard to analyze all the stocks regularly. So, invest in a limited number of stocks like 15 – 18 stocks only.
  • Rule 4: Only invest in 1 – 2 stocks of a specific sector. In case, the stock faces any problem in the future your maximum investments will be safe.
  • Rule 5: Investing in SIP mode will keep averaging your buying price with time and the return will be maximized as well.
  • Rule 6: Invest only 5% to 6% in a single stock. In penny stocks, you should only invest in the 3% to 4% only.
  • Rule 7: You should have all the information about the stocks you invested like the company, company products & services, business model, company fundamentals, etc.
  • Rule 8: Only invest or SIP in stocks only when it is available at a very high discount of 10% to 15% at least.
  • Rule 9: When a stock in which you want to invest is near its all-time high and has the potential to go up, you should invest in the stock in SIP mode.
  • Rule 10: Do not invest in those stocks, which are in trouble and have problems in the company fundaments especially in penny stocks.

Best Penny Stocks List

It is not a good idea to share only a few penny stocks list based on the fundamentals. That’s why we are sharing below more than 41+ penny stocks and fundamentally strong stocks in the post.

Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.

1. IDFC First Bank

IDFC First Bank is one of the most popular banks in the PSU. In the last 6 months from now 21 Sept, 2023, the IDFC first Bank has given nearly 66% return. In the upcoming few months, we can see more returns in the stock.

IDFC First Bank provides many services a good bank should provide like credit & debit cards, and related banking services like salary accounts, saving accounts, senior citizen saving accounts, current accounts, NRI keeping accounts, etc.

IDFC First Bank also provides many types of loans like personal loans, home loans, education loans, vehicle loans, etc. Insurance and investing-related services and products are also available for everyone.

Read: IDFC First Bank Share Price Target 2023, 2025, 2030

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹1,908
March 2020-₹2,843
March 2021₹483
March 2022₹132
March 2023₹2,485

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹485
Sep 2022₹567
Dec 2022₹617
Mar 2023₹816
Jun 2023₹732

Company Essentials

Market Cap₹62,929 CrROE1.81%
P/E Ratio (TTM)23.06EPS (TTM)4.06
P/B Ratio2.42Div Yield0.00%
Industry P/E14.87Book Value38.60
Debt to EquityN/AFace Value10

Shareholding Pattern

Held ByHolding %
FII20.85%
DII11.67%
Public27.55%
Promoters39.93%
Other Holders0.0%

2. Yes Bank

The Yes Bank is a private-sector bank that was funded by Rana Kapoor and Ashok Kapoor in 2004. Yes Bank was a good bank in terms of services, as seen in the chart before September 2018. Before the problems in the bank, it was doing great until the real major issue was found in it.

Investing the Yes Bank’s stock can be very risky as the company is facing a lot of problems. It is also not confirmed whether the company will get its money in the future or not.

Read: Yes Bank Share Price Target 2024

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹1709
March 2020-₹16,433
March 2021-₹3,489
March 2022₹1,064
March 2023₹736

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹314
Sep 2022₹160
Dec 2022₹55.07
Mar 2023₹206
Jun 2023₹347

Company Essentials

Market Cap₹50,900 CrROE1.22%
P/E Ratio (TTM)65.56EPS (TTM)0.27
P/B Ratio1.27Div Yield0.00%
Industry P/E14.61Book Value13.98
Debt to EquityN/AFace Value2

Shareholding Pattern

Held ByHolding %
FII23.73%
DII37.73%
Public38.48%
Promoters0.0%
Other Holders0.0%

3. JP Power

The company was founded in 1994 and the managing director of the company is Shri. Suren Jain. JP Power (Jaiprakash Power venture) is a power sector company that works in the generation of thermopower, hydropower, captive coal mining, and cement grinding.

Read: JP Power Share Price Target 2024 and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹373
March 2020-₹2,152
March 2021-₹279
March 2022₹107
March 2023₹55.42

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹242
Sep 2022₹75.42
Dec 2022-₹218
Mar 2023-₹43.99
Jun 2023₹192

Company Essentials

Market Cap₹7,148 CrROE5.08%
P/E Ratio (TTM)1043.00EPS (TTM)0.01
P/B Ratio1.08Div Yield0.00%
Industry P/E17.71Book Value9.69
Debt to Equity0.46Face Value10

Shareholding Pattern

Held ByHolding %
FII4.7%
DII22.15%
Public49.15%
Promoters24%
Other Holders0.0%

4. TTML

The company was founded in 1995 and its managing director is Mr. Harjit Singh. TTML (Tata Teleservice Maharashtra Ltd.) is a Tata group company. TTML provides connectivity and communication-related problem solutions. The company works on both wired and wireless telecommunications. The company provides ITC (information and communication technologies services for the Indian business.

Read: TTML Share Price Target 2024 and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹668
March 2020-₹3,714
March 2021-₹1,997
March 2022-₹1,215
March 2023-₹1,145

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹295
Sep 2022-₹293
Dec 2022-₹280
Mar 2023-₹277
Jun 2023-₹301

Company Essentials

Market Cap₹19,258 CrROE43.01%
P/E Ratio (TTM)0.00EPS (TTM)0.00
P/B Ratio0.00Div Yield0.00%
Industry P/E112.79Book Value-127.82
Debt to Equity-1.04Face Value10

Shareholding Pattern

Held ByHolding %
FII2.03%
DII0.05%
Public23.55%
Promoters74.36%
Other Holders0.0%

5. RVNL

RVNL (Rail Vikas Nigam Limited) is an Indian company that works under the Ministry of Railways, Indian government. RVNL is involved in the development of Indian railways and it involves many things projects like railway brides, new lines for rails, metro-related projects, and many more. In short, the RVNL company is involved in the maximum number of projects developed for railways.

Read: RVNL Share Price Target 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹668
March 2020₹753
March 2021₹992
March 2022₹1,110
March 2023₹1,421

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹298
Sep 2022₹381
Dec 2022₹382
Mar 2023₹359
Jun 2023₹343

Company Essentials

Market Cap₹33,131 CrROE16.58%
P/E Ratio (TTM)22.60EPS (TTM)7.03
P/B Ratio4.52Div Yield1.34%
Industry P/E24.15Book Value35.13
Debt to Equity0.88Face Value10

Shareholding Pattern

Held ByHolding %
FII1.75%
DII5.76%
Public14.29%
Promoters78.2%
Other Holders0.0%

6. Suzlon

Suzlon Energy Limited is an Indian multinational company that works on renewable energy solutions. Suzlon Energy Limited is involved in manufacturing wind turbines and the components that are used in wind turbines.

In the industry, Suzlon Energy Limited is one of the leading companies in the world. Currently, it is operating in approx 17 countries in the world. The countries are from Asia, America, Europe, etc

Read: Suzlon Share Price Target 2024 and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹1,527
March 2020-₹2,642
March 2021₹104
March 2022-₹200
March 2023₹2,849

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹2,433
Sep 2022₹57.43
Dec 2022₹78.36
Mar 2023₹280
Jun 2023₹101

Company Essentials

Market Cap₹34,310 CrROE19.36%
P/E Ratio (TTM)67.08EPS (TTM)0.19
P/B Ratio11.04Div Yield0.00%
Industry P/E68.59Book Value2.31
Debt to Equity1.76Face Value2

Shareholding Pattern

Held ByHolding %
FII6.81%
DII6.91%
Public71.78%
Promoters14.5%
Other Holders0.0%

7. BHEL

BHEL (Bharat Heavy Electricals Limited) is the largest power generation equipment manufacturer company and it is owned by the Indian government. Not only a power generation manufacturer it is also involved in designing, constructing, testing, and much more of more than 180+ products and provides many services.

Read: BHEL Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹1,005
March 2020-₹1,466
March 2021-₹2,697
March 2022₹446
March 2023₹477

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹188
Sep 2022₹12.10
Dec 2022₹42.28
Mar 2023₹611
Jun 2023-₹344

Company Essentials

Market Cap₹43,265 CrROE2.68%
P/E Ratio (TTM)135.05EPS (TTM)0.92
P/B Ratio1.61Div Yield0.32%
Industry P/E68.59Book Value77.05
Debt to Equity0.20Face Value2

Shareholding Pattern

Held ByHolding %
FII7.77%
DII16.34%
Public12.71%
Promoters63.17%
Other Holders0.0%

8. Adani Enterprises

Adani Enterprises is part of Adani Group. The company was founded in 1993 and as of now its managing director is Mr. Rajesh Adani. Adani Enterprises is involved in many businesses like coal mining, and trading of coal, and it also exports gas, has multiple ports, power generation, and many more.

Read: Adani Enterprises Share Price Target 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹717
March 2020₹1,138
March 2021₹923
March 2022₹777
March 2023₹2,473

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹469
Sep 2022₹461
Dec 2022₹820
Mar 2023₹722
Jun 2023₹674

Company Essentials

Market Cap₹2,82,789 CrROE7.95%
P/E Ratio (TTM)105.60EPS (TTM)25.49
P/B Ratio8.87Div Yield0.05%
Industry P/E47.64Book Value279.60
Debt to Equity1.61Face Value1

Shareholding Pattern

Held ByHolding %
FII19.34%
DII5.46%
Public7.55%
Promoters67.65%
Other Holders0.0%

9. Future Retail

Future Retail was founded in 2007 and currently, its managing director is Mr. Rakesh Biyani. Future Retail is an Indian company that is involved in many businesses like hypermarkets & supermarkets, electronics, lifestyle consumers, etc.

Read: Future Retail Share Price Target 2024 and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹368
March 2020₹11.31
March 2021₹727
March 2022₹11.57
March 2023-₹3,190

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹847
Sep 2022-₹1,088
Dec 2022-₹1,147
Mar 2023-₹1,117
Jun 2023-₹1,063

Company Essentials

Market Cap₹189 CrROE-20.74%
P/E Ratio (TTM)0.00EPS (TTM)0.00
P/B Ratio0.00Div Yield0.00%
Industry P/E102.02Book Value-22.51
Debt to Equity-11.37Face Value2

Shareholding Pattern

Held ByHolding %
FII2.6%
DII6.61%
Public76.48%
Promoters14.31%
Other Holders0.0%

10. Bank of Baroda (BOB)

Bank of Baroda (BOB) is a public sector bank in India. It provides services related to banking and finance. It provides many types of banking services like personal banking, it provides savings accounts, current accounts, and many other services. Check their website to see what are they doing in detail.

Read: (Bank of Baroda) BOB Share Price Target 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹1,100
March 2020₹928
March 2021₹1,548
March 2022₹7,850
March 2023₹14,905

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹1,944
Sep 2022₹3,400
Dec 2022₹4,306
Mar 2023₹5,255
Jun 2023₹4,452

Company Essentials

Market Cap₹1,07,099 CrROE1.35%
P/E Ratio (TTM)6.15EPS (TTM)33.67
P/B Ratio0.98Div Yield2.66%
Industry P/E14.61Book Value211.74
Debt to EquityNAFace Value2

Shareholding Pattern

Held ByHolding %
FII12.29%
DII16.03%
Public7.7%
Promoters63.97%
Other Holders0.0%

11. Zomato

The company’s main business is food delivery and restaurant services. In India, Zomato has approx 55% market share in the industry. Not only India the company is also working in more than 25+ countries and 1000+ cities.

Read: Zomato Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹965
March 2020-₹2,367
March 2021-₹813
March 2022-₹1,209
March 2023-₹971

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹186
Sep 2022-₹251
Dec 2022-₹347
Mar 2023-₹188
Jun 2023₹2.00

Company Essentials

Market Cap₹85,356 CrROE-4.84%
P/E Ratio (TTM)0.00EPS (TTM)0.00
P/B Ratio4.39Div Yield0.00%
Industry P/E107.05Book Value22.62
Debt to Equity0.03Face Value1

Shareholding Pattern

Held ByHolding %
FII54.43%
DII9.93%
Public35.64%
Promoters0.0%
Other Holders0.0%

12. Adani Power

Adani Power is involved in thermal power producing and it is the largest thermal power producing company in India. As of now, the company has approximately 8 power plants which are in

  • Bitta, Gujrat
  • Singrauli, Madhya Pradesh
  • Raigarh, Chhattisgarh
  • Udupi, Karnataka
  • Mundra, Gujrat
  • Kawai, Rajasthan
  • Raipur, Chhattisgarh
  • Tiroda, Maharashtra

Read: Adani Power Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹984
March 2020-₹2,275
March 2021₹1,270
March 2022₹4,912
March 2023₹10,727

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹4,780
Sep 2022₹696
Dec 2022₹8.77
Mar 2023₹5,242
Jun 2023₹8,759

Company Essentials

Market Cap₹1,47,489 CrROE14.41%
P/E Ratio (TTM)10.03EPS (TTM)38.13
P/B Ratio10.87Div Yield0.00%
Industry P/E17.71Book Value35.18
Debt to Equity1.42Face Value10

Shareholding Pattern

Held ByHolding %
FII11.95%
DII0.04%
Public13.04%
Promoters74.97%
Other Holders0.0%

13. Tata Elxsi

Tata Elxsi is involved in multiple industries like Automotive, semiconductor, rail, broadcast & media, communications, health care, appliances, consumer electronics, and many more.

Tata Elxsi also provides many services and products to different industries. Not only this the company is also working on future technologies like AI, robotics, visual and extended reality, and many more. To know in detail about all the business of Tata Elxsi company, you can visit their official website for the latest news and updates.

Read: Tata Elxsi Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹290
March 2020₹256
March 2021₹368
March 2022₹550
March 2023₹755

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹185
Sep 2022₹174
Dec 2022₹195
Mar 2023₹202
Jun 2023₹189

Company Essentials

Market Cap₹45,345 CrROE42.05%
P/E Ratio (TTM)59.72EPS (TTM)121.93
P/B Ratio21.74Div Yield0.83%
Industry P/E32.09Book Value334.92
Debt to Equity0.09Face Value10

Shareholding Pattern

Held ByHolding %
FII14.22%
DII4.08%
Public37.78%
Promoters43.92%
Other Holders0.0%

14. Vedanta

Vedanta is a mining company that is involved in the mining of Alumuniym, Zink, lead, silver, oil, gas steel copper, iron ore, and some more businesses also. Vedanta works in many countries and it is the largest natural resources conglomerates in the world.

Read: Vedanta Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹7,065
March 2020-₹6,664
March 2021₹11,602
March 2022₹18,802
March 2023₹10,574

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹4,421
Sep 2022₹1,808
Dec 2022₹2,464
Mar 2023₹1,881
Jun 2023₹2,640

Company Essentials

Market Cap₹84,213 CrROE23.66%
P/E Ratio (TTM)9.58EPS (TTM)19.53
P/B Ratio2.14Div Yield44.84%
Industry P/E7.86Book Value106.05
Debt to Equity1.69Face Value1

Shareholding Pattern

Held ByHolding %
FII7.48%
DII10.05%
Public14.36%
Promoters68.11%
Other Holders0.0%

15. Rattan Power

RattanIndia Power is mainly involved in many businesses like power generation, trading, power distribution, power transmission, etc. There are also two thermal plants of the company i.e. Amravati Thermal Power Plant and Nashik Thermal Power Plant.

Read: Rattan Power Share Price Target 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹3,321
March 2020₹165
March 2021-₹942
March 2022-₹1,981
March 2023-₹1,870

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹389
Sep 2022-₹518
Dec 2022-₹480
Mar 2023-₹483
Jun 2023-₹549

Company Essentials

Market Cap₹3,689 CrROE8.99%
P/E Ratio (TTM)0.00EPS (TTM)0.00
P/B Ratio0.00Div Yield0.00%
Industry P/E17.71Book Value-8.44
Debt to Equity-2.43Face Value10

Shareholding Pattern

Held ByHolding %
FII0.31%
DII7.2%
Public48.43%
Promoters44.06%
Other Holders0.0%

16. ITC

ITC company is an Indian company that is involved in multiple businesses of different segments. As of now, the ITC company is doing business in 13 businesses in many segments. It involves FMCG, Hotels, packing, IT, Paper, and many more…

Read: ITC Share Price Target 2025 (Multi-bagger Stock)

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹12,592
March 2020₹15,306
March 2021₹13,161
March 2022₹15,243
March 2023₹19,192

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹4,390
Sep 2022₹4,620
Dec 2022₹5,007
Mar 2023₹5,175
Jun 2023₹5,105

Company Essentials

Market Cap₹5,57,949 CrROE37.03%
P/E Ratio (TTM)28.03EPS (TTM)15.92
P/B Ratio8.07Div Yield3.45%
Industry P/E27.87Book Value55.46
Debt to Equity0.00Face Value1

Shareholding Pattern

Held ByHolding %
FII43.62%
DII41.97%
Public14.41%
Promoters0.0%
Other Holders0.0%

17. EKI Energy

EKI Energy is involved in multiple businesses like climate change services, green certification & resources efficiency services, carbon-related projects, and many more which can be seen on their official website.

They have 14+ years of experience, completed 1000+ projects, 3500+ clients across the world, and many more achievements.

Read: EKI Energy Share Price Target 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹0.27
March 2020₹0.68
March 2021₹4.51
March 2022₹18.70
March 2023₹383

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Dec 2021₹161
Mar 2022₹105
Jun 2022₹108
Sep 2023₹102
Dec 2023₹39.90

Company Essentials

Market Cap₹1,903 CrROE37.03%
P/E Ratio (TTM)4.97EPS (TTM)139.00
P/B Ratio4.65Div Yield0.72%
Industry P/E29.41Book Value148.80
Debt to Equity0.01Face Value10

Shareholding Pattern

Held ByHolding %
FII0.23%
DII0%
Public26.36%
Promoters73.42%
Other Holders0.0%

18. Adani Wilmar

Adani Wilmar is involved in many businesses Edible oils, Industry essentials, and Foods & FMCG. In these businesses, many products are made and have a good market share in India.

Edible Oils: There are a lot of products of Edible oils like vanaspati, blended oil, groundnut oil, mustard oil, palm oil, soybean oil, and many more.

Foods & FMCG: There are a lot of products of Food they offer like rice (many types), soya chunks, Besan and Sattu, pulses, Khichdi, Wheat flour, sugar, Poha, etc. In FMCG products they offer Soap, handwash & sanitizer, etc.

Read: Adani Wilmar AWL Share Price Target 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹376
March 2020₹461
March 2021₹728
March 2022₹804
March 2023₹582

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹194
Sep 2022₹48.76
Dec 2022₹246
Mar 2023₹93.61
Jun 2023-₹78.92

Company Essentials

Market Cap₹45,008 CrROE14.81%
P/E Ratio (TTM)145.50EPS (TTM)2.38
P/B Ratio5.51Div Yield0.00%
Industry P/E65.26Book Value62.83
Debt to Equity0.29Face Value1

Shareholding Pattern

Held ByHolding %
FII1.14%
DII0.07%
Public10.85%
Promoters87.94%
Other Holders0.0%

19. Tata Steel

Tata is one of the leading steel manufacturing companies in India. Many products are manufactured in the company like hot-rolled, cold-rolled, steel coils and sheets, tire wires, spring wires, bearings, and many more. You can check about their business in detail on their official website.

Read: Tata Steel Share Price Target 2023, 2025, and 2030

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹10,218
March 2020₹1,557
March 2021₹7,490
March 2022₹40,154
March 2023₹8,760

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹7,765
Sep 2022₹1,514
Dec 2022-₹2,224
Mar 2023₹1,705
Jun 2023₹634

Company Essentials

Market Cap₹1,54,847 CrROE12.43%
P/E Ratio (TTM)95.26EPS (TTM)2.1
P/B Ratio1.51Div Yield2.84%
Industry P/E22.67Book Value83.76
Debt to Equity0.82Face Value1

Shareholding Pattern

Held ByHolding %
FII20.28%
DII21.12%
Public23.97%
Promoters33.9%
Other Holders0.0%

20. Tata Power

Tata Power is involved in multiple businesses like Renewables, Conventional Generation, transmission and & distribution, next-generation power solutions, trading, and services and business.

  • Renewables: In Renewables the company only works on wind and solar.
  • Conventional Generation: Hydro, Thermal, and Waste Heat Recovery
  • Next-Gen Power: Solarroof, EV charging solutions, Home Automation, EaaS
  • Services Business: Generation services, and products & services

Read: Tata Power Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹2,356
March 2020₹1,017
March 2021₹1,127
March 2022₹1,741
March 2023₹3,336

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹795
Sep 2022₹819
Dec 2022₹945
Mar 2023₹778
Jun 2023₹972

Company Essentials

Market Cap₹82,136 CrROE10.57%
P/E Ratio (TTM)23.37EPS (TTM)10.43
P/B Ratio2.85Div Yield0.78%
Industry P/E17.54Book Value90.09
Debt to Equity1.84Face Value1

Shareholding Pattern

Held ByHolding %
FII9.75%
DII14.91%
Public28.47%
Promoters46.86%
Other Holders0.0%

21. Trident

Trident is involved in manufacturing, trading, and selling textile products. There are many textile products that the company offer to their customers as of now like bedsheets, towels, bath sheets, bath linen, comforter sheet, bathrobes, and many more textile products.

Trident is doing their business in 150+ countries and they have 15+ offices in the world. They have 25+ plants and stores to manage the business and its products. You can check their office and plant locations on their official website.

Read: Trident Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹372
March 2020₹340
March 2021₹304
March 2022₹834
March 2023₹441

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹129
Sep 2022₹37.39
Dec 2022₹144
Mar 2023₹130
Jun 2023₹93.40

Company Essentials

Market Cap₹19,253 CrROE11.68%
P/E Ratio (TTM)47.82EPS (TTM)0.79
P/B Ratio4.61Div Yield0.95%
Industry P/E19.87Book Value8.19
Debt to Equity0.34Face Value1

Shareholding Pattern

Held ByHolding %
FII2.47%
DII0.06%
Public24.29%
Promoters73.19%
Other Holders0.0%

22. Bajaj Finance

Bajaj Finance is a non-banking company that provides related services and products to customers. Bajaj Finance offers many services and products like various types of insurance plans, home loans, personal loans, loans against property, gold loans, business loans, fixed deposits, credit cards, mobile banking, electronic products on EMI, lifestyle products on EMI, and many more services products.

In all types of loan services, there are a few limitations in the amount of loan. The list is very big of their services and products. You can explore each service and product by visiting their official website.

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹3,995
March 2020₹5,264
March 2021₹4,420
March 2022₹7,028
March 2023₹11,508

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹2,596
Sep 2022₹2,781
Dec 2022₹2,973
Mar 2023₹3,158
Jun 2023₹3,437

Company Essentials

Market Cap₹4,52,407 CrROE10.35%
P/E Ratio (TTM)36.64EPS (TTM)203.96
P/B Ratio8.32Div Yield0.40%
Industry P/E17.48Book Value898.08
Debt to Equity3.99Face Value2

Shareholding Pattern

Held ByHolding %
FII20.09%
DII12.9%
Public11.14%
Promoters55.87%
Other Holders0.0%

23. Lloyds Steel

Lloyds Steels (Lloyds Engineering Works) Limited was founded in 1994. It is an India-based company that is involved in many businesses like it designs and manufacturing systems, equipment, etc. for many sectors like oil, gas, steel plants, nuclear power plants, and many more.

Read: Lloyds Steels Share Price Target 2025 (Lloyrds Engineering Works)

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹2.88
March 2020₹2.49
March 2021₹0.50
March 2022₹5.95
March 2023₹36.82

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹10.08
Sep 2022₹7.55
Dec 2022₹12.78
Mar 2023₹6.42
Jun 2023₹12.84

Company Essentials

Market Cap₹4,512 CrROE26.37%
P/E Ratio (TTM)113.03EPS (TTM)0.37
P/B Ratio18.97Div Yield0.22%
Industry P/E34.72Book Value2.20
Debt to Equity0.03Face Value1

Shareholding Pattern

Held ByHolding %
FII0.03%
DII0.05%
Public39.28%
Promoters60.64%
Other Holders0.0%

24. LIC

LIC is involved in the insurance business, the company provides many types of insurance plans in India and other countries too. Not only insurance plans they also have a few more plans like pension plans, unit linked plans, micro insurance plans, and withdrawn plans. In the insurance plans they offer endowment plans, whole life plans, money-back plans, and term assurance plans.

Read: LIC Share Price Target 2025 (Big Target in the Future?)

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹2,627
March 2020₹2,710
March 2021₹2,974
March 2022₹4,125
March 2023₹35,997

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹603
Sep 2022₹15,854
Dec 2022₹6,349
Mar 2023₹13,191
Jun 2023₹9,635

Company Essentials

Market Cap₹4,11,884 CrROE0.83%
P/E Ratio (TTM)8.96EPS (TTM)72.71
P/B Ratio8.87Div Yield0.46%
Industry P/E12.31Book Value73.40
Debt to Equity0.00Face Value10

Shareholding Pattern

Held ByHolding %
FII17.01%
DII25.18%
Public12.57%
Promoters45.24%
Other Holders0.0%

25. Bajaj Hindusthan

Bajaj Hindusthan Sugar was founded in 1931 and its current managing director is Mr. Jay Sharma. It is Asia’s no. 1 sugar producer company and ranks no. in the world for sugar-producing.

It looks like the company is involved in only sugar producing but no. The company is also involved in the alcohol and power generation business. The company has 136,000 tonnes of sugarcane crushing capacity which is a very huge number. The alcohol distillation capacity is 800 Killoleter per day.

Read: Bajaj Hindusthan Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹137
March 2020-₹49.99
March 2021-₹291
March 2022-₹268
March 2023-₹135

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹44.91
Sep 2022-₹162
Dec 2022-₹58.36
Mar 2023₹131
Jun 2023-₹74.34

Company Essentials

Market Cap₹3,296 CrROE0.82%
P/E Ratio (TTM)0.00EPS (TTM)0.00
P/B Ratio0.76Div Yield0.00%
Industry P/E14.92Book Value33.95
Debt to Equity0.97Face Value1

Shareholding Pattern

Held ByHolding %
FII1.6%
DII15.26%
Public58.18%
Promoters24.95%
Other Holders0.0%

26. Tata Motors

Tata Motors have a lot of products like cars and sports utility vehicles, trucks, business, and defenses. In short, they have a diversified portfolio and they are working well in all of them.

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹28,826
March 2020-₹12,071
March 2021-₹13,451
March 2022-₹11,441
March 2023-₹2,414

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹5,007
Sep 2022-₹945
Dec 2022₹2,958
Mar 2023₹5,408
Jun 2023₹3,203

Company Essentials

Market Cap₹2,27,526 CrROE5.93%
P/E Ratio (TTM)19.42EPS (TTM)33.3
P/B Ratio4.56Div Yield0.34%
Industry P/E25.22Book Value136.13
Debt to Equity2.96Face Value2

Shareholding Pattern

Held ByHolding %
FII17.72%
DII17.51%
Public16.99%
Promoters46.39%
Other Holders0.0%

27. PNB

Punjab National Bank provides many banking services like corporate banking, agriculture banking, retail banking, NRI services, treasury-related services, digital banking, and many more which can be found on their official website in more detail.

Read: PNB Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹9,570
March 2020₹438
March 2021₹2,562
March 2022₹3,861
March 2023₹3,348

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹282
Sep 2022₹494
Dec 2022₹708
Mar 2023₹1,864
Jun 2023₹1,342

Company Essentials

Market Cap₹85,324 CrROE1.09%
P/E Ratio (TTM)19.37EPS (TTM)4.00
P/B Ratio0.89Div Yield0.84%
Industry P/E14.42Book Value86.97
Debt to EquityNAFace Value2

Shareholding Pattern

Held ByHolding %
FII1.82%
DII13.45%
Public11.58%
Promoters73.15%
Other Holders0.0%

28. HDFC Bank

HDFC Bank is involved in providing banking and finance services to businesses, retailers, and many more. HDFC Bank is India’s largest price sector bank with a Market cap of Rs. 12, 08,581.00 Cr.

HDFC bank is involved in many businesses and offers many products and services related to finances like retail banking (almost all types of loans, all retail banking services, saving &current accounts), provides many types of home loans, wholesale banking, and many more.

Read: HDFC Bank Share Price Target 2025 (Big Target?)

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹22,332
March 2020₹27,254
March 2021₹31,833
March 2022₹38,053
March 2023₹45,997

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹9,579
Sep 2022₹11,125
Dec 2022₹12,698
Mar 2023₹12,594
Jun 2023₹12,370

Company Essentials

Market Cap₹11,58,178 CrROE1.60%
P/E Ratio (TTM)23.74EPS (TTM)64.42
P/B Ratio3.75Div Yield0.92%
Industry P/E14.42Book Value408.04
Debt to EquityNAFace Value1

Shareholding Pattern

Held ByHolding %
FII33.36%
DII26.93%
Public14.19%
Promoters25.52%
Other Holders0.0%

29. Wipro

Wipro is one of the largest tech companies in India. It is involved in multiple businesses like IT (Information technology), consultants, etc. There are the following services Wipro provides sustainability, engineering, data & analytics, cloud, artificial intelligence, business process, counseling, cybersecurity, and many more.

There are also many industries in which Wipro provides services like aerospace & defense, banking, healthcare, insurance, education, consumer electronics, communications, banking, and many more.

Read: Wipro Share Price Target 2025 (All-time High?)

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹9,003
March 2020₹9,722
March 2021₹10,795
March 2022₹12,219
March 2023₹11,350

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹2,564
Sep 2022₹2,659
Dec 2022₹3,053
Mar 2023₹3,075
Jun 2023₹2,870

Company Essentials

Market Cap₹2,29,878 CrROE16.06%
P/E Ratio (TTM)19.72EPS (TTM)21.23
P/B Ratio2.96Div Yield0.24%
Industry P/E27.61Book Value141.45
Debt to Equity0.22Face Value2

Shareholding Pattern

Held ByHolding %
FII6.32%
DII7.57%
Public10.93%
Promoters72.91%
Other Holders0.0%

30. SAIL

SAIL is one of the largest steel producer companies in India. As of now, SAIL company has a very large number of products on which they work like Pig iron, pipes, structural, semis, PM plates, stainless steel products, electrical products, wire rods, hot rolled products, and many more.

SAIL has a lot of steel plants some of the steel plants are the Bhilai steel plant, Bokaro steel plant, Durgapur steel plant, Rourkela steel plants, IISCO steel plants, Special steel plants, and many more.

Read: SAIL Share Price Target 2025 (Multi-bagger stock?)

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹2,349
March 2020₹2,121
March 2021₹4,148
March 2022₹12,243
March 2023₹2,177

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹805
Sep 2022-₹329
Dec 2022₹542
Mar 2023₹1,159
Jun 2023₹212

Company Essentials

Market Cap₹38,497 CrROE5.50%
P/E Ratio (TTM)24.27EPS (TTM)3.37
P/B Ratio0.70Div Yield1.61%
Industry P/E22.67Book Value132.54
Debt to Equity0.56Face Value10

Shareholding Pattern

Held ByHolding %
FII3.82%
DII13.63%
Public17.55%
Promoters65%
Other Holders0.0%

31. IEX

IEX (Indian Energy Exchange Ltd) is an Indian government company. IEX is regulated by the CERC (Central Electricity Regulatory Commission). IEX started its work in June 2008. IEX company provided services to many power companies.

Read: IEX Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹165
March 2020₹176
March 2021₹206
March 2022₹309
March 2023₹306

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹69.13
Sep 2022₹71.20
Dec 2022₹77.22
Mar 2023₹88.34
Jun 2023₹75.83

Company Essentials

Market Cap₹11,659 CrROE49.55%
P/E Ratio (TTM)37.25EPS (TTM)3.51
P/B Ratio14.85Div Yield0.76%
Industry P/E28.98Book Value8.80
Debt to Equity0.02Face Value1

Shareholding Pattern

Held ByHolding %
FII17.28%
DII21.11%
Public61.61%
Promoters0.0%
Other Holders0.0%

32. Vodafone Idea

Vodafone Idea Limited is India’s telecom service provider company. It is a Vodafone Group and Aditya Birla group partnership company. Due to huge losses in both companies Vodafone and Idea, decided to combine their companies and their services and Vodafone Idea Ltd came.

Vodafone Idea has almost all types of products needed by the users in regular life like prepaid sim, postpaid sim, etc., and all the services in the products. As of now, the VI is also launching many offers to boost the growth of the company.

Read: Vodafone Idea Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹14,604
March 2020-₹73,878
March 2021-₹44,245
March 2022-₹28,245
March 2023-₹29,301

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹7,297
Sep 2022-₹7,596
Dec 2022-₹7,990
Mar 2023-₹6,419
Jun 2023-₹7,840

Company Essentials

Market Cap₹55,057 CrROE-3.48%
P/E Ratio (TTM)0.00EPS (TTM)0.00
P/B Ratio0.00Div Yield0.00%
Industry P/E44.92Book Value-15.28
Debt to Equity-3.20Face Value10

Shareholding Pattern

Held ByHolding %
FII2.29%
DII33.91%
Public13.44%
Promoters50.36%
Other Holders0.0%

33. Orient Green Power

Orient Green Power was founded in 2006 and as of now its managing director is Mr. Thyagarajan Shivaraman. Orient Green Power is involved in the renewable power generating business. It is one of the diversified independent renewable energy producer companies in India.

Read: Orient Green Power Share Price Target 2024 and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹48.90
March 2020₹23.08
March 2021-₹57.55
March 2022₹34.98
March 2023₹32.59

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹9.15
Sep 2022₹33.84
Dec 2022₹10.02
Mar 2023-₹20.12
Jun 2023₹8.41

Company Essentials

Market Cap₹1,356 CrROE7.43%
P/E Ratio (TTM)41.91EPS (TTM)0.21
P/B Ratio1.80Div Yield0.00%
Industry P/E17.54Book Value7.68
Debt to Equity2.08Face Value10

Shareholding Pattern

Held ByHolding %
FII0.0%
DII3.58%
Public63.94%
Promoters32.48%
Other Holders0.0%

34. IRFC

IRFC (Indian Railway Finance Corporation) Limited is an Indian public sector company. The company was founded in 1986 and the current managing director of the company is Shri. Amitabh Benergee. The railway administration has control of the company but the maximum stake of the company is owned by the Indian government.

The company is involved in multiple operations like leasing, lending, and borrowing. you can also say that the IRFC company is the funding arm of the Indian railways. Visit their official website to get complete info about their company and business.

Read: IRFC Share Price Target 2024 and 2025 (Multi-bagger stock)

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹2,255
March 2020₹3,692
March 2021₹4,416
March 2022₹6,090
March 2023₹6,337

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹1,662
Sep 2022₹1,714
Dec 2022₹1,633
Mar 2023₹1,328
Jun 2023₹1,557

Company Essentials

Market Cap₹98,184 CrROE5.43%
P/E Ratio (TTM)15.75EPS (TTM)4.77
P/B Ratio2.09Div Yield2.00%
Industry P/E22.14Book Value35.99
Debt to Equity8.72Face Value10

Shareholding Pattern

Held ByHolding %
FII1.14%
DII2.02%
Public10.48%
Promoters86.36%
Other Holders0.0%

35. IRCTC

IRCTC (Indian Railway Catering and Tourism Corporation) is an Indian public sector company which involved in many activities like providing ticketing services, catering services, and tourism services for Indian rails only. This is the only company that is involved in railway services as a result the company has only a few competitors in some services that IRCTC provides.

The services we mention above are the major services that IRCTC provides but there are also many services that IRCTC provides to generate profits from the services. The IRCTC company was founded in 1999 and at this time its chairmen and managing director is Ms. Seema Kumar.

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹309
March 2020₹513
March 2021₹187
March 2022₹660
March 2023₹1,006

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹246
Sep 2022₹226
Dec 2022₹256
Mar 2023₹279
Jun 2023₹232

Company Essentials

Market Cap₹53,068 CrROE52.36%
P/E Ratio (TTM)53.45EPS (TTM)12.65
P/B Ratio21.41Div Yield0.83%
Industry P/E52.45Book Value30.98
Debt to Equity0.03Face Value2

Shareholding Pattern

Held ByHolding %
FII6.99%
DII9.93%
Public20.68%
Promoters62.4%
Other Holders0.0%

36. Hindalco

Hindalco is one of the largest aluminum and copper manufacturers in India. They are not only involved in the business of copper and aluminum but they are also involved in the business of chemicals, dry cargo handling, fertilizers, acids, and some more.

In each business category, they have a lot of products, and they have the capacity in each business. You can check this information in very detail on their official website.

Read: Hindalco Share Price Target 2023, 2024 and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹5,496
March 2020₹3,767
March 2021₹3,483
March 2022₹13,730
March 2023₹10,097

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹4,119
Sep 2022₹2,205
Dec 2022₹1,362
Mar 2023₹2,411
Jun 2023₹2,454

Company Essentials

Market Cap₹1,07,541 CrROE10.05%
P/E Ratio (TTM)12.75EPS (TTM)37.56
P/B Ratio1.13Div Yield0.62%
Industry P/E14.27Book Value421.88
Debt to Equity0.70Face Value1

Shareholding Pattern

Held ByHolding %
FII26.25%
DII26.3%
Public9.13%
Promoters34.64%
Other Holders0.0%

37. Jio Financial Services

Jio Financing Services Ltd is a non-banking financial service provider in India. Jio Finance provides a lot of services like insurance, payments, mutual fund services, loans, and many more services. More services can be also added with time.

There are also a lot of subsidiaries like Reliance Industrial Investments and Holding Limited, Jio Industrial Management, Reliance Retail Insurance, Reliance Retail Finance, Reliance Payments, and more…

Read: Jio Financial Services Share Price Target 2023, 2025, and 2025

Company Essentials

Market Cap₹1,44,728 CrROENA
P/E Ratio (TTM)4556.0EPS (TTM)0.04
P/B Ratio1.27Div Yield0.00%
Industry P/E17.48Book Value179.62
Debt to EquityNAFace Value10

38. Infosys

Infosys is involved in multiple industries i.e. consulting, IT, and outsourcing and they also provide a lot of services related to these industries and many other industries too. Some popular services are digital marketing, insight-related services, blockchain, Internet of Things, app development and maintenance, business process management, and many more.

Read: Infosys Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹15,404
March 2020₹16,594
March 2021₹19,351
March 2022₹22,110
March 2023₹24,095

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹5,360
Sep 2022₹6,021
Dec 2022₹6,586
Mar 2023₹6,128
Jun 2023₹5,945

Company Essentials

Market Cap₹6,20,897 CrROE40.48%
P/E Ratio (TTM)25.16EPS (TTM)59.46
P/B Ratio9.64Div Yield2.27%
Industry P/E27.61Book Value155.25
Debt to Equity0.11Face Value5

Shareholding Pattern

Held ByHolding %
FII33.43%
DII34.79%
Public16.83%
Promoters14.94%
Other Holders0.0%

39. Paytm

Paytm offers a lot of services related to digital payments, finance, etc. Like UPI payments, Paytm bank, personal loans, Paytm mall, Paytm stock broking app, Paytm first games, tickets, and many more products and services.

Paytm is ranked at no. 3 in terms of UPI market share. Paytm has approx 14 – 15% market share. Google Pay and PhonePe have the largest market share the Paytm.

Read: Paytm Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹4,182
March 2020-₹2,842
March 2021-₹1,696
March 2022-₹2,393
March 2023-₹1,776

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹644
Sep 2022-₹571
Dec 2022-₹392
Mar 2023-₹168
Jun 2023-₹357

Company Essentials

Market Cap₹53,956 CrROE-12.76%
P/E Ratio (TTM)0.00EPS (TTM)0.00
P/B Ratio4.15Div Yield0.00%
Industry P/E104.60Book Value205.1
Debt to Equity0.02Face Value1

Shareholding Pattern

Held ByHolding %
FII72.11%
DII3.55%
Public24.34%
Promoters0.0%
Other Holders0.0%

40. SBI

SBI is involved in the business of banking and finance. The bank provides many types of services like savings accounts, current accounts, home loans, personal loans, loans against property, gold loans, education loans, business loans, investments, debit & credit cards, and many more services and products a bank provides.

Read: SBI Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹2,300
March 2020₹19,768
March 2021₹22,405
March 2022₹35,374
March 2023₹55,648

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹7,325
Sep 2022₹14,752
Dec 2022₹15,477
Mar 2023₹18,094
Jun 2023₹18,537

Company Essentials

Market Cap₹5,33,781 CrROE1.27%
P/E Ratio (TTM)7.98EPS (TTM)74.92
P/B Ratio1.53Div Yield1.89%
Industry P/E14.42Book Value391.98
Debt to EquityNAFace Value1

Shareholding Pattern

Held ByHolding %
FII10.36%
DII24.86%
Public7.3%
Promoters57.47%
Other Holders0.0%

41. Motherson Sumi

Motherson Sumi is involved in the business of providing solutions to the Original Equipment Manufacturers in the sector they work. They provide a complete solution from scratch to advance which includes from product design to the production of the parts.

Read: Motherson Sumi Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019NA
March 2020NA
March 2021₹369
March 2022₹411
March 2023₹487

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹126
Sep 2022₹116
Dec 2022₹106
Mar 2023₹138
Jun 2023₹123

Company Essentials

Market Cap₹28,171 CrROE38.92%
P/E Ratio (TTM)57.93EPS (TTM)1.10
P/B Ratio21.17Div Yield1.02%
Industry P/E42.17Book Value3.01
Debt to Equity0.28Face Value1

Shareholding Pattern

Held ByHolding %
FII10.9%
DII18.02%
Public9.34%
Promoters61.73%
Other Holders0.0%

42. Laxmi Organics

Laxmi Organics Industries Limited is involved in the chemical sector and they have the capability of many chemical reactions like Katene Synthesis, Ethoxylation, Diazotization, Diketene Synthesis, Chlorination and Thiolation, Reactive Distillation, Esterification, Air Oxidation, Catalytic Oxidation, and Homogenous Catalyst.

Read: Laxmi Organics Share Price Target 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹72.39
March 2020₹70.08
March 2021₹127
March 2022₹257
March 2023₹125

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹64.44
Sep 2022₹73.03
Dec 2022₹27.23
Mar 2023₹24.32
Jun 2023₹38.33

Company Essentials

Market Cap₹7,610 CrROE10.13%
P/E Ratio (TTM)77.24EPS (TTM)3.71
P/B Ratio5.93Div Yield0.17%
Industry P/E33.60Book Value53.16
Debt to Equity0.29Face Value2

Shareholding Pattern

Held ByHolding %
FII0.48%
DII1.54%
Public25.59%
Promoters72.39%
Other Holders0.0%

43. Ambuja Cement

Ambuja Cement is involved in the business of cement and it provides many products like Ambuja cement, Amubuja Railcem, Alccofine, Ambuja Powercem, Ambuja Kawach, Ambuja Plus, Ambuja Cool Walls, Ambuja Buildcem, and many more…

Read: Ambuja Cement Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹2,095
March 2020₹2,365
March 2021₹2,780
March 2022₹1,938
March 2023₹2,583

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹752
Sep 2022₹93.18
Dec 2022₹434
Mar 2023₹645
Jun 2023₹906

Company Essentials

Market Cap₹83,467 CrROE12.17%
P/E Ratio (TTM)40.15EPS (TTM)11.73
P/B Ratio3.13Div Yield0.59%
Industry P/E44.96Book Value134.46
Debt to Equity0.02Face Value2

Shareholding Pattern

Held ByHolding %
FII12.43%
DII14.4%
Public9.94%
Promoters63.2%
Other Holders0.0%

44. Reliance

Reliance Industries Ltd is involved in many businesses like petroleum refining & marketing, new energy, textiles, and petrochemicals. In the petrochemicals, they work on Polymers, Polysters, Fiber Intermediates, Aromatics, Elastomers, and many more…

Read: Reliance Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹39,588
March 2020₹39,354
March 2021₹49,128
March 2022₹60,705
March 2023₹66.702

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹17,955
Sep 2022₹13,656
Dec 2022₹15,792
Mar 2023₹66,702
Jun 2023₹16,011

Company Essentials

Market Cap₹15,92,661 CrROE8.92%
P/E Ratio (TTM)24.59EPS (TTM)95.57
P/B Ratio2.22Div Yield0.38%
Industry P/E15.43Book Value1058.10
Debt to Equity0.41Face Value10

Shareholding Pattern

Held ByHolding %
FII22.48%
DII16.38%
Public10.76%
Promoters50.39%
Other Holders0.0%

45. IOC

IOC (Indian Oil Corporation) is involved in multiple businesses to provide services and building projects like Refining, Pipelines, Research and development, Marketing, Petrochemicals, Natural gas, City Gas Distribution, E&P, Cryogenics, and many more…

Read: IOC Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹17,377
March 2020-₹893
March 2021₹21,638
March 2022₹25,102
March 2023₹9,792

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹279
Sep 2022-₹992
Dec 2022₹773
Mar 2023₹10,290
Jun 2023₹14,437

Company Essentials

Market Cap₹1,30,283 CrROE7.72%
P/E Ratio (TTM)5.31EPS (TTM)17.36
P/B Ratio0.93Div Yield3.17%
Industry P/E15.43Book Value99.19
Debt to Equity1.07Face Value10

Shareholding Pattern

Held ByHolding %
FII7.56%
DII31.15%
Public9.76%
Promoters51.51%
Other Holders0.0%

46. Deepak Nitrite

Deepak Nitrite provides a lot of chemicals for many applications diversity of dyes and pigments, Agrochemicals, Pharmaceuticals, Fuel Additives, Rubber, Paper, Detergents, Personal care, and more They support approximately 56 applications.

Read: Deepak Nitrite Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019₹174
March 2020₹611
March 2021₹776
March 2022₹1,067
March 2023₹852

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022₹235
Sep 2022₹174
Dec 2022₹209
Mar 2023₹234
Jun 2023₹150

Company Essentials

Market Cap₹29,016 CrROE28.12%
P/E Ratio (TTM)37.81EPS (TTM)56.26
P/B Ratio7.09Div Yield0.35%
Industry P/E33.60Book Value299.87
Debt to Equity0.02Face Value2

Shareholding Pattern

Held ByHolding %
FII7.09%
DII16.61%
Public27.17%
Promoters49.13%
Other Holders0.0%

47. Renuka Sugars

Renuka Sugars is involved in the business of sugar production and sugar refining. In sugar refining and production, the company is one of leading the companies in the world. By market cap the sugar industry the Renuka Sugars company rans at no. 1 as of now 2 September 2023.

Read: Renuka Sugars Share Price Target 2023, 2024, and 2025

Profit Growth (Last 5 Years)

YearProfits (In Cr.)
March 2019-₹1,448
March 2020₹2,099
March 2021-₹115
March 2022-₹139
March 2023-₹197

Quarterly Results (Profit)

QuarterProfits (In Cr.)
Jun 2022-₹113
Sep 2022-₹141
Dec 2022₹14.30
Mar 2023₹42.83
Jun 2023-₹138

Company Essentials

Market Cap₹11,556 CrROE8.66%
P/E Ratio (TTM)0.00EPS (TTM)0.00
P/B Ratio0.00Div Yield0.00%
Industry P/E14.92Book Value-9.26
Debt to Equity-6.32Face Value1

Shareholding Pattern

Held ByHolding %
FII2.93%
DII10.1%
Public24.48%
Promoters62.48%
Other Holders0.0%

FAQs

Which are the best penny stocks to buy?

There are a lot of penny stocks that look good and they are financially strong and stable too. Above we shared many penny stocks with their financial data and some information about the company’s businesses.

Which share is best under 1 Rs.?

The share which is under Rs. 1 are very weak fundamentally and in most cases, you’ll face a huge loss. In these types of stocks, the liquidity is also very low as a result it becomes very hard to sell or buy them at the desired price.

Which is a stronger penny stock?

Most of the stocks we listed above are fundamentally stronger and have a good business model. Do proper research about the company and its financials before investing.

Final Words: In the best penny stocks list we shared mostly fundamentally stronger stocks that have a good business model and potential to go up. In the list, we also added many stocks of large-cap and mid-cap to keep the balance in your portfolio. In case, you only want tppney stocks list, you can ignore them.

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