Low P/E Finance stocks with ROE above 12%
Finance companies trading below 15 times earnings while earning more than 12% on equity (market cap above ₹500 crore).
Data as of the close
| # | Company | P/E | ROE % | Price | D/E | Market cap |
|---|---|---|---|---|---|---|
| 1 | Muthoot Finance Ltd | 9.4 | 30.9 | ₹2,840 | 4.10 | ₹1.1L Cr |
| 2 | Power Finance Corporation Ltd | 4.2 | 20.7 | ₹334.25 | 6.94 | ₹1.1L Cr |
| 3 | Indian Railway Finance Corporation Ltd | 14.8 | 12.8 | ₹83.3 | 7.12 | ₹1.1L Cr |
| 4 | REC Ltd | 5.2 | 20.1 | ₹301.85 | 5.63 | ₹79.4K Cr |
| 5 | Mahindra & Mahindra Financial Services Ltd | 10.8 | 12.3 | ₹286.85 | 5.44 | ₹39.9K Cr |
| 6 | Housing & Urban Development Corporation Ltd | 7.5 | 20.1 | ₹167.6 | 7.19 | ₹33.6K Cr |
| 7 | LIC Housing Finance Ltd | 5.5 | 14.4 | ₹585.1 | 6.50 | ₹32.2K Cr |
| 8 | PNB Housing Finance Ltd | 12.5 | 12.7 | ₹1,117.3 | 3.93 | ₹29.3K Cr |
| 9 | Cholamandalam Financial Holdings Ltd | 9.9 | 17.5 | ₹1,460 | 13.50 | ₹27.4K Cr |
| 10 | IIFL Finance Ltd | 11.0 | 12.6 | ₹641.1 | 5.47 | ₹27.4K Cr |
| 11 | TVS Holdings | 12.0 | 30.6 | ₹12,745 | 6.80 | ₹26.1K Cr |
| 12 | Five-Star Business Finance Ltd | 11.7 | 16.1 | ₹442.65 | 1.01 | ₹13.1K Cr |
| 13 | Can Fin Homes Ltd | 9.0 | 19.7 | ₹781.45 | 6.09 | ₹10.4K Cr |
| 14 | Aavas Financiers Ltd | 12.6 | 13.9 | ₹1,123.5 | 3.05 | ₹8.9K Cr |
| 15 | Aptus Value Housing Finance India Ltd | 8.6 | 20.1 | ₹174.98 | 1.54 | ₹8.8K Cr |
| 16 | INDIA Shelter Finance Corporation Ltd | 12.3 | 17.1 | ₹624.95 | 2.01 | ₹6.8K Cr |
| 17 | Kama Holdings | 5.7 | 12.6 | ₹2,146.9 | 0.63 | ₹6.8K Cr |
| 18 | Fedbank Financial Services Ltd | 13.8 | 12.6 | ₹159.44 | 4.68 | ₹6.0K Cr |
| 19 | MAS FINANC SER | 11.5 | 13.4 | ₹265.94 | 3.66 | ₹4.8K Cr |
| 20 | Satin Creditcare | 5.4 | 12.3 | ₹262.71 | 3.79 | ₹2.9K Cr |
| 21 | Repco Home Fin | 4.8 | 12.4 | ₹380.55 | 2.99 | ₹2.4K Cr |
| 22 | Balmer Lawrie Investment Ltd | 8.2 | 12.7 | ₹66.44 | 0.15 | ₹1.5K Cr |
| 23 | Unifinz Capital | 7.8 | 72.1 | ₹138 | 2.62 | ₹611 Cr |
| 24 | U. Y. Fincorp | 9.2 | 13.4 | ₹30.06 | 0.01 | ₹572 Cr |
| 25 | CSL Finance | 6.2 | 14.9 | ₹235.97 | 1.49 | ₹541 Cr |
| 26 | Laxmi India Finance | 9.3 | 13.8 | ₹101.6 | 2.87 | ₹527 Cr |
How this list is made: P/E between 0 and 15 and return on equity above 12%; market cap above ₹500 crore. Lowest P/E first.
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Frequently asked questions
Which Finance stocks have a low P/E?
The table lists companies below 15 times earnings that also earn more than 12% on equity, cheapest first.
Why add an ROE filter?
A low P/E alone often flags weak businesses. Requiring ROE above 12% keeps companies that are still profitable on their capital.
Does a low P/E mean a stock is undervalued?
Not always — earnings may be about to fall. Read the latest results and concall guidance before deciding.
Disclaimer: Lists are built from exchange closing prices and reported financials, for information only. They are not investment advice or a recommendation to buy or sell any security.