Low PE stocks in India: P/E of 15 or less

Companies whose market value is 15 times their last twelve months' profit or less. A company with a loss has no P/E and is not listed. 1,366 companies met this on 28 Oct 2026.

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About low PE stocks in India

Low P/E stocks in India are listed companies whose price-to-earnings ratio is 15 or less. The P/E is the market cap divided by a year's profit, so it shows how many rupees investors pay for each rupee of profit. This page lists every company at or under 15, lowest first.

The 15 cut-off

The page applies one rule: a P/E of 15 or less. 15 is the line this screen draws. Companies are sorted from the lowest P/E up and can be narrowed by sector and size.

How P/E is worked out

P/E is the market cap divided by the profit of the last twelve months that belongs to the company's own shareholders. The last twelve months are the latest four quarters, or the latest two half-years for companies that report twice a year. Profit is taken after the share that belongs to other owners of a company's subsidiaries.

Earnings yield is the same profit as a percentage of the market cap, which is the P/E turned upside down. A P/E of 10 is an earnings yield of 10%.

Companies with a loss

A company that lost money over the last twelve months has no P/E, because dividing by a negative profit gives no usable ratio. Such companies are not listed here.

What a low P/E can mean

A low P/E says the price is small next to the latest profit, not why. The market may expect profit to fall, or the profit may include a one-off gain.

The ratio looks backwards at profit already earned and ignores debt, so the page shows P/B, P/S, EV/EBITDA, PEG and yields beside it.

Other columns on the page

P/B is price to book value and P/S is price to sales. PEG is the P/E divided by profit growth, shown only when both are positive. EV/EBITDA is market cap plus borrowings less cash, divided by operating profit before depreciation, leaving out lease liabilities. Dividend yield is the last twelve months' dividends per share as a percentage of the share price.

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