Best Stocks Under Rs. 100 in India (2023)

Last Updated on Nov 29, 2023 by Harshit Singh

Looking for low-price shares in India, say – stocks under Rs. 100? In this article, we have drawn up several lists of the top 10 stocks under Rs. 100 based on various parameters such as debt, net profit margin, dividend, EPS, volume, return on equity and return on capital employed. So, let’s dive right into it!

Based on low debt

Note: The information is dated 29th November 2023. We have listed the best shares under Rs. 100 based on the following parameters:

  • Stock universe: Nifty 500
  • Close price under Rs. 100
  • Total debt – set to low

Debt is the money a company borrows from outside parties to fund its business. As with any loan, debt also comes with a cost – interest. Therefore, companies with low debt have lower interest payouts. This increases profit and gives access to more funds for growth/expansion. Although debt is not entirely bad, the lower, the better.

Note that zero debt doesn’t mean that the company has no liabilities at all. Debt and liabilities are distinct. Debt is a subset of liabilities. While debt is what the company owes to third parties, liabilities include accrued wages, accounts payable, income tax, and others. Since ‘credit’ is a way of doing business, a company can rarely be liability-free. Therefore, zero debt becomes a good point for evaluating a business. 

Based on a high net profit margin

Note: The information is dated 29th November 2023. We have listed the top shares below Rs. 100 based a high net profit margin using the following parameters:

  • Stock Universe – Nifty 500
  • Close price under Rs. 100
  • Net profit margin – sorted from high to low
  • 5-yr average net profit margin – High

Net profit margin means the profit/net income of a company measured as a percentage of its revenue. It shows whether a company is generating enough profit. The ratio also indicates whether the company’s operating and overhead costs are in check.

For instance, a company’s revenue may be increasing, but if the operating costs are rising at a faster rate, the net profit margin will reduce. Therefore, an increasing trend in the net profit margin indicates that the company enjoys good financial health overall. 

Based on the Dividend Per Share (DPS)

Note: The information is dated 29th November 2023. We have listed the top NSE stocks under Rs. 100 based on the dividend per share using the following parameters:

  • Stock Universe – Nifty 500
  • Close price under Rs. 100
  • Dividend yield
  • Dividend per share – sorted from high to low

A dividend is a portion of the profits that a company pays its shareholders. It indicates that the company is profitable and enjoys good financial health. The dividend yield indicates the percentage of the company’s share price that it pays as dividends.

However, offering a dividend is entirely at the company’s discretion. It may decide not to pay dividends and instead plough the profit back into the business or keep it as a reserve for the future. Therefore, a company that doesn’t declare dividends is not necessarily a bad investment. Tracking the company’s dividend indicators for the past several years reveals insightful information.

Based on Earnings Per Share (EPS)

Stock Name Sub-Sector Market Cap (Rs. in cr.) Close Price (Rs.) Earnings Per Share (%)
MMTC Ltd Commodities Trading 7,620.00 50.80 10.42
CESC Ltd Power Generation 12,824.89 99.00 10.08
Housing and Urban Development Corporation Ltd Specialized Finance 16,335.50 81.40 8.50
National Aluminium Co Ltd Metals – Aluminium 16,897.01 92.05 7.81
Brightcom Group Ltd Advertising 3,350.75 16.20 6.79
JM Financial Ltd Investment Banking & Brokerage 8,042.37 84.20 6.26
Ujjivan Small Finance Bank Ltd Private Banks 10,563.69 54.00 5.97
Steel Authority of India Ltd Iron & Steel 37,567.13 91.20 5.27
Equitas Small Finance Bank Ltd Private Banks 10,557.55 93.55 4.86
Indian Railway Finance Corp Ltd Specialized Finance 98,797.91 75.30 4.85

Note: The information is dated 29th November 2023. We have listed 10 best shares below Rs. 100 based on Earnings Per Share using the following parameters:

  • Stock Universe – Nifty 500
  • Close price under Rs. 100
  • Earnings per share – sorted from high to low

Earnings per share (EPS) is an indicator of a company’s profitability. EPS indicates how much a company earns for each of its shares. Hence, the higher the EPS, the more profitable a company is considered to be.


Based on volume

Stock Name Sub-Sector Market Cap (Rs. in cr.) Close Price (Rs.) 1M Average Volume 1W Change in Volume (%)
Vodafone Idea Ltd Telecom Services 64,500.59 13.20 271,475,710.79 -39.36
Yes Bank Ltd Private Banks 56,798.20 19.75 249,423,441.27 43.23
Suzlon Energy Ltd Renewable Energy Equipment & Services 52,877.13 38.95 82,662,496.14 172.28
Punjab National Bank Public Banks 86,491.53 79.15 37,466,667.96 6.95
Indian Railway Finance Corp Ltd Specialized Finance 98,797.91 75.30 35,317,036.96 -59.65
IRB Infrastructure Developers Ltd Construction & Engineering 22,887.81 37.90 33,113,786.83 0.18
SJVN Ltd Renewable Energy 33,147.82 84.40 30,613,194.79 -46.90
Infibeam Avenues Ltd IT Services & Consulting 5,642.77 20.40 30,379,905.83 -27.01
Indian Overseas Bank Public Banks 74,948.06 39.65 28,700,947.52 50.90
IDFC First Bank Ltd Private Banks 60,199.66 84.90 24,158,578.46 -7.96

Note: The information is dated 29th November 2023. We have listed the top 10 stocks under Rs. 100 based on the following parameters:

  • Stock Universe: Nifty 500
  • Close price under Rs. 100
  • 1-month average volume – sorted from high to low
  • 1-week change in volume

Volume means the number of shares transacted over a certain period of time. High volumes indicate investors’ interest in buying or selling stock and vice-versa. If a stock with a high trading volume is gaining, investors are buying more of it. In contrast, if the price is falling, more investors are selling it. 

Based on Return on Equity (ROE)

Stock Name Sub-Sector Market Cap (Rs. in cr.) Close Price (Rs.) Return on Equity (%) 5Y Avg Return on Equity (%)
Easy Trip Planners Ltd Tour & Travel Services 6,788.14 39.05 44.28 45.10
Ujjivan Small Finance Bank Ltd Private Banks 10,563.69 54.00 31.37 8.67
Brightcom Group Ltd Advertising 3,350.75 16.20 21.33 16.62
Indian Railway Finance Corp Ltd Specialized Finance 98,797.91 75.30 14.66 13.39
NBCC (India) Ltd Construction & Engineering 12,240.00 68.00 13.13 12.50
Equitas Small Finance Bank Ltd Private Banks 10,557.55 93.55 12.20 10.32
CESC Ltd Power Generation 12,824.89 99.00 12.09 13.04
Housing and Urban Development Corporation Ltd Specialized Finance 16,335.50 81.40 11.38 12.42
National Aluminium Co Ltd Metals – Aluminium 16,897.01 92.05 11.17 13.40
Trident Ltd Textiles 18,417.22 36.60 10.97 13.64

Note: The information is dated 29th November 2023. We have listed the top 10 stocks under Rs. 100 based on the following parameters:

  • Stock Universe: Nifty 500
  • Close price under Rs. 100
  • 5-yr average ROE – set from 0 to high
  • ROE – sorted from high to low

Return on Equity indicates how much profit a company is earning in comparison to the shareholders’ equity. It indicates how efficiently a company can convert its equity financing into profits. The higher the ROE, the better it is.

Based on Return on Capital Employed (ROCE)

Stock Name Sub-Sector Market Cap (Rs. in cr.) Close Price (Rs.) ROCE (%)
MMTC Ltd Commodities Trading 7,620.00 50.80 129.26
Suzlon Energy Ltd Renewable Energy Equipment & Services 52,877.13 38.95 117.36
Easy Trip Planners Ltd Tour & Travel Services 6,788.14 39.05 50.49
Motherson Sumi Wiring India Ltd Cables 26,836.13 60.65 42.24
Brightcom Group Ltd Advertising 3,350.75 16.20 35.81
Ujjivan Small Finance Bank Ltd Private Banks 10,563.69 54.00 18.84
HFCL Ltd Telecom Equipments 9,522.54 66.70 17.50
Shree Renuka Sugars Ltd Sugar 10,674.38 49.85 17.12
NBCC (India) Ltd Construction & Engineering 12,240.00 68.00 14.72
National Aluminium Co Ltd Metals – Aluminium 16,897.01 92.05 12.60

Note: The information is dated 29th November 2023. We have listed the top 10 stocks under Rs. 100 based on the following parameters:

  • Stock Universe: Nifty 500
  • Close price under Rs. 100
  • ROCE – sorted from high to low

Return On Capital Employed is an indicator of a company’s efficiency. It measures the profit generated by a company after taking into consideration the capital used to achieve it.

Conclusion

Evaluating stocks based on a single parameter in isolation can be misleading. A stock can have a high ROE but also a high debt and a decreasing net profit margin. Using multiple parameters and financial ratios to evaluate a stock gives you a holistic picture of the feasibility of investing in the stock. To help you with this, Tickertape’s Stock Screener has 200+ filters to discover stocks based on parameters that matter to you. To evaluate an individual company, use the respective Tickertape’s Stock Page and get access to a treasure of insights into it.

Frequently asked questions

Can I buy shares of Rs. 100?

Yes. There is no restriction on that front. The only thing to keep in mind is that the stock should be fundamentally strong. Use Tickertape’s Stock Pages to analyse a stock based on a wealth of information ranging from the company details, financial ratios, and stock forecast to financials, corporate actions, and more.

Which share to buy under Rs. 200?

You can use Tickertape Stock Screener to discover stocks to buy under Rs. 200. Be sure to apply relevant filters. Once you get the list, evaluate each company using Tickertape Stock Pages to make an informed buying decision. 

Which share is best under Rs. 150?

It depends on the company’s fundamentals. Use Tickertape Stock Screener and Stock Pages to discover and evaluate stocks under Rs. 150. In addition, you can also use the Stock Deals feature to gauge the big investors’ outlook on a particular stock.

Anjali Chourasiya
Latest posts by Anjali Chourasiya (see all)

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