Last Updated on Dec 28, 2023 by Anjali Chourasiya
Low PE ratio stocks can offer investors an opportunity to acquire shares at a more affordable price relative to the company’s earnings. Hence, many investors are always on the lookout for companies with low PE ratios. The Price-to-Earnings ratio (PE ratio) is commonly used by investors to determine the relative value of their company’s shares in comparison to others in the same sector.
In this article, let’s look at the best PE ratio stocks in the Nifty 50 universe based on multiple factors like Earnings Per Share (EPS) and dividends.
Table of Contents
Best Nifty 50 low PE ratio stocks
| Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio |
| Oil and Natural Gas Corporation Ltd | Oil & Gas – Exploration & Production | 2,58,587.64 | 205.55 | 7.30 |
| Coal India Ltd | Mining – Coal | 2,25,309.35 | 365.60 | 8.00 |
| State Bank of India | Public Banks | 5,78,805.71 | 648.55 | 10.40 |
| UPL Ltd | Fertilizers & Agro Chemicals | 43,775.44 | 583.20 | 12.26 |
| Hindalco Industries Ltd | Metals – Aluminium | 1,35,525.73 | 605.60 | 13.42 |
| Power Grid Corporation of India Ltd | Power Transmission & Distribution | 2,17,680.63 | 234.05 | 14.12 |
| Indusind Bank Ltd | Private Banks | 1,24,238.83 | 1,597.45 | 16.69 |
| NTPC Ltd | Power Generation | 2,96,766.47 | 306.05 | 17.55 |
| Tata Steel Ltd | Iron & Steel | 1,68,719.47 | 137.20 | 19.26 |
| Mahindra and Mahindra Ltd | Four Wheelers | 2,02,108.76 | 1,687.95 | 19.66 |
Note: The stocks with low PE ratios are filtered using the below-mentioned parameters on Tickertape Stock Screener on 27th December 2023.
- Stock Universe: Nifty 50
- PE Ratio – Set to Low – Sort from lowest to highest
Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.
High dividend Stocks with low PE ratios (Nifty 50)
| Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio | Dividend Yield (%) |
| Oil and Natural Gas Corporation Ltd | Oil & Gas – Exploration & Production | 2,58,587.64 | 205.55 | 7.30 | 5.47 |
| Coal India Ltd | Mining – Coal | 2,25,309.35 | 365.60 | 8.00 | 6.63 |
| Power Grid Corporation of India Ltd | Power Transmission & Distribution | 2,17,680.63 | 234.05 | 14.12 | 4.73 |
Note: The stocks with low PE ratios and high dividends are filtered using the below-mentioned parameters on Tickertape Stock Screener on 27th December 2023.
- Stock Universe: Nifty 50
- PE Ratio – Set to Low – Sort from lowest to highest
- Dividend Yield – Set to High
Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.
High EPS stocks with Low PE Ratio
| Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio | 1Y Historical EPS Growth (%) |
| Coal India Ltd | Mining – Coal | 2,25,309.35 | 365.60 | 8.00 | 62.26 |
| State Bank of India | Public Banks | 5,78,805.71 | 648.55 | 10.40 | 57.31 |
| Indusind Bank Ltd | Private Banks | 1,24,238.83 | 1,597.45 | 16.69 | 54.66 |
| Mahindra and Mahindra Ltd | Four Wheelers | 2,02,108.76 | 1,687.95 | 19.66 | 50.38 |
Note: The stocks with low PE ratios and high EPS are filtered using the below-mentioned parameters on Tickertape Stock Screener on 27th December 2023.
- Stock Universe: Nifty 50
- PE Ratio – Set to Low – Sort from lowest to highest
- 1Y Historical EPS Growth – Set to High
Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.
Conclusion
If you are looking for stocks which are undervalued, then analysing low PE ratio stocks can be a useful strategy. However, it is important to conduct thorough research and analysis to ensure that the low PE ratio is justified by the company’s fundamentals and not indicative of underlying issues. It is always worthwhile to consult a financial advisor before investing.
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As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!
