Top 12 penny stocks in India
Here’s an enhanced analysis of the top 12 penny stocks on NSE with PE ratios, growth drivers, and graphical trends (as of July 2024):
1. Suzlon Energy Ltd (₹48)
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Sector: Renewable Energy
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PE Ratio: 35 (High due to growth expectations)
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Analysis:
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Debt reduced from ₹12,000Cr (2019) to ₹1,200Cr (2024).
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Order book: ₹1.2 lakh crore (wind energy projects).
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Graph: ↗️ 120% rise in 6 months (Govt’s 500GW renewable target).
2. RattanIndia Power Ltd (₹12)
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Sector: Power
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PE Ratio: N/A (Loss-making, but turnaround expected)
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Analysis:
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Coal supply stabilized; PLF (Plant Load Factor) improved to 75%.
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Debt restructuring underway.
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Graph: ↗️ 45% uptick since Jan 2024.
3. JP Power Ventures (₹9)
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Sector: Power/Infra
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PE Ratio: N/A (Negative earnings)
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Analysis:
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Selling non-core assets to cut debt (₹15,000Cr target).
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Govt’s focus on hydro power benefits.
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Graph: ➡️ Sideways trend; breakout expected post-debt resolution.
4. South Indian Bank (₹22)
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Sector: Banking
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PE Ratio: 12 (Undervalued vs industry avg. of 18)
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Analysis:
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NPA reduced from 5% to 3.5% in 1 year.
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Digital banking growth (+30% users YoY).
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Graph: ↗️ 25% rise post-Q4 results.
5. UCO Bank (₹45)
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Sector: PSU Banking
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PE Ratio: 8 (Cheapest among PSU banks)
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Analysis:
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Net profit doubled YoY (₹600Cr in Q4).
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Govt’s recapitalization support.
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Graph: ↗️ Steady uptrend since 2023.
6. RVNL (₹35)
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Sector: Railways
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PE Ratio: 22
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Analysis:
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Order book: ₹65,000Cr (rail electrification, metro projects).
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15% YoY revenue growth.
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Graph: ↗️ 70% CAGR since 2021.
7. HFCL Ltd (₹38)
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Sector: Telecom
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PE Ratio: 18
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Analysis:
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5G rollout beneficiary; ₹2,200Cr order book.
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12% quarterly profit growth.
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Graph: ↗️ 40% rise in 2024.
8. Vodafone Idea (Vi) (₹17)
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Sector: Telecom
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PE Ratio: N/A (Loss-making)
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Analysis:
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Fundraising of ₹45,000Cr likely in 2024.
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Tariff hikes (+20% ARPU expected).
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Graph: ⬆️ 80% surge in 3 months (speculative rally).
9. Trident Ltd (₹40)
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Sector: Textiles
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PE Ratio: 14
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Analysis:
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Exports up 25% YoY (US/EU demand).
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Debt-to-equity reduced to 0.5.
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Graph: ↗️ 30% rise post-Q4 results.
10. GMR Airports (₹42)
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Sector: Infra
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PE Ratio: N/A (Loss-making)
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Analysis:
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Passenger traffic at pre-COVID levels.
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New Goa airport operational by 2025.
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Graph: ↗️ 50% uptick since Dec 2023.
11. Brightcom Group (₹15)
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Sector: Digital Marketing
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PE Ratio: 5 (High risk)
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Analysis:
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Revenue growth: 40% YoY (acquisition-driven).
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SEBI investigation pending (risky).
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Graph: ↘️ Volatile; down 60% from 2023 highs.
12. Yes Bank (₹25)
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Sector: Banking
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PE Ratio: 10
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Analysis:
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Retail deposits up 20% YoY.
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Improving ROE (8% vs 2% in 2022).
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Graph: ↗️ 35% rise post-Q4 results.
Comparative Analysis Table
| Stock | Price (₹) | PE Ratio | Sector | Key Catalyst | Risk Level |
|---|---|---|---|---|---|
| Suzlon | 48 | 35 | Renewable | Govt. wind energy push | Medium |
| RVNL | 35 | 22 | Infra | Railway orders | Low |
| Vi | 17 | N/A | Telecom | Fundraising hopes | High |
| Yes Bank | 25 | 10 | Banking | Retail growth | Medium |
Graphical Trends (Hypothetical Illustration)
(Note: Use TradingView/NSE website for live charts)
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Suzlon: ↗️ Steady uptrend (120% in 6 months).
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RVNL: 📈 Consistent growth (70% CAGR since 2021).
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Vi: 🎢 Extreme volatility (speculative rallies).
Top 12 penny stocks
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | Profit growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Guj. Toolroom | 1.35 | 1.79 | 187.98 | 12.35 | 1.43 | -90.01 | 230.74 | 76.06 | 179.38 | 475.04 |
| 2. | Spright Agro | 3.95 | 16.23 | 423.24 | 0.00 | 7.09 | 28.91 | 54.91 | 142.11 | 38.61 | 348.11 |
| 3. | Starlineps Enter | 6.88 | 27.12 | 178.45 | 0.00 | -0.88 | -340.00 | 13.90 | 19.93 | 29.73 | 267.60 |
| 4. | Integra Essentia | 2.40 | 25.78 | 255.18 | 0.00 | 1.24 | 74.65 | 124.63 | 100.82 | 17.22 | -11.05 |
| 5. | Growington Vent | 1.77 | 46.21 | 113.67 | 0.00 | -0.31 | -121.43 | 35.74 | 282.66 | 16.64 | 39.77 |
| 6. | Harshil Agrotech | 2.26 | 14.31 | 160.73 | 0.00 | 5.48 | 2640.00 | 25.73 | 714.24 | 16.41 | 1303.75 |
| 7. | Spacenet Enterpr | 8.02 | 50.66 | 452.87 | 0.00 | 1.26 | -64.20 | 38.83 | 31.49 | 13.22 | -8.96 |
| 8. | Nandan Denim | 4.09 | 11.80 | 589.56 | 0.00 | 6.58 | -17.34 | 926.15 | 100.39 | 11.46 | 142.17 |
| 9. | PMC Fincorp | 2.32 | 8.75 | 165.20 | 0.00 | 3.79 | 28.91 | 5.13 | 42.11 | 10.68 | 137.78 |
| 10. | Ashapuri Gold | 7.42 | 18.44 | 247.32 | 0.00 | 4.19 | 101.44 | 101.45 | 103.02 | 10.30 | 206.16 |
Search query in Screener:
Current price <10
AND
Market Capitalization >100 AND
Profit growth AND
Sales growth >50%
AND
Return on capital employed >10%
Key Takeaways
✅ Low PE Gems: UCO Bank (PE 8), Yes Bank (PE 10).
✅ High Growth: Suzlon, RVNL, HFCL (order book-driven).
✅ High Risk: Brightcom (SEBI issues), Vi (debt worries).
Tool Suggestion: Use Screener.in to track PE ratios, debt, and quarterly trends.