Value investors prefer to invest in undervalued stocks. This is because they offer a margin of safety in their valuations.
They usually trade at low PE and PB ratios and they often offer high dividend yields. These reasons make undervalued stocks attractive from an investing perspective.
Here's a list of undervalued EV stocks in India.
| Company | CMP (Rs) | P/E (x) | P/BV (x) | Price / Sales (x) | MCap (Rs m) | RoE (Latest, %) | D/E (Curr FY, x) |
|---|---|---|---|---|---|---|---|
| AMARA RAJA BATTERIES | 617.7 | 14.0 | 2.0 | 1.0 | 105,502 | 13.1% | 0.0 |
| HEG | 1,683.1 | 15.5 | 1.5 | 2.6 | 64,958 | 12.4% | 0.2 |
| FIEM INDUSTRIES | 1,984.2 | 18.7 | 3.4 | 1.4 | 26,111 | 18.4% | 0.0 |
| TATA MOTORS | 611.7 | 19.5 | 4.2 | 0.6 | 2,031,983 | 5.2% | 2.8 |
| HERO MOTOCORP | 2,995.2 | 20.1 | 3.4 | 1.8 | 598,648 | 16.8% | 0.0 |
| GABRIEL INDIA | 227.0 | 24.6 | 3.7 | 1.1 | 32,607 | 15.2% | 0.0 |
| MINDA CORPORATION | 300.8 | 25.0 | 4.4 | 1.7 | 71,915 | 18.6% | 0.3 |
| EXIDE INDUSTRIES | 269.2 | 27.1 | 2.0 | 1.5 | 228,777 | 7.4% | 0.0 |
| HIMADRI SPECIALITY CHEMICAL | 165.4 | 27.6 | 3.2 | 1.7 | 72,588 | 9.9% | 0.4 |
| MOTHERSON SUMI | 97.7 | 30.7 | 2.9 | 0.8 | 662,056 | 7.4% | 0.5 |
| BHARAT ELECTRONICS | 132.0 | 31.0 | 6.7 | 5.4 | 964,891 | 21.2% | 0.0 |
| RAMKRISHNA FORG | 582.4 | 33.8 | 6.6 | 4.0 | 93,158 | 18.5% | 1.5 |
| LUMAX IND | 2,147.8 | 34.4 | 3.4 | 0.9 | 20,077 | 17.7% | 0.7 |
| BOSCH | 18,173.9 | 35.8 | 4.7 | 3.6 | 536,014 | 12.9% | 0.0 |
| KABRA EXTRUSION | 447.7 | 38.9 | 3.6 | 2.3 | 15,657 | 9.8% | 0.2 |
| ENDURANCE TECHNOLOGIES | 1,646.1 | 42.9 | 5.1 | 2.6 | 231,545 | 10.9% | 0.1 |
| HBL POWER | 222.7 | 48.0 | 7.1 | 5.0 | 61,718 | 10.8% | 0.1 |
| MINDA INDUSTRIES | 589.9 | 54.4 | 7.8 | 4.1 | 338,067 | 10.2% | 0.2 |
| TATA POWER | 236.2 | 57.2 | 2.6 | 1.4 | 754,579 | 13.2% | 1.7 |
| RATTANINDIA ENTERPRISES | 48.8 | 57.6 | 11.5 | 482.4 | 67,496 | 79.3% | 0.2 |
| GRAPHITE INDIA | 430.9 | 58.5 | 1.7 | 2.6 | 84,178 | 4.0% | 0.1 |
| SONA BLW PRECISION FORGINGS | 555.4 | 75.3 | 13.6 | 12.2 | 325,111 | 17.3% | 0.1 |
| BHARAT FORGE | 973.0 | 76.8 | 6.5 | 3.5 | 453,018 | 7.6% | 1.0 |
| GREAVES COTTON | 133.3 | 90.0 | 2.0 | 1.1 | 30,926 | 4.4% | 0.0 |
| JBM AUTO. | 1,230.6 | 111.7 | 13.6 | 4.6 | 145,509 | 17.4% | 1.5 |
* We show NM where the values are negative
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