Top 5 Indian Stocks with Lowest P/E Ratios (July 23, 2026)

Five Indian stocks have distinguished themselves with the lowest price-to-earnings (P/E) ratios, according to data compiled by ETWealth as of July 23, 2026. This analysis provides a crucial snapshot for investors seeking value in the current market landscape.

The assessment highlights companies across various sectors, from finance to shipping, showcasing diverse opportunities. These firms are identified based on their P/E metrics, mutual fund interest, and independent ratings from Value Research.

Leading Stocks by P/E Ratio

• Repco Home Finance registered a P/E ratio of approximately 5.2. This stock is currently held by around 10 mutual funds and has achieved a five-star rating from Value Research.
• Vedanta followed closely, reporting a P/E ratio of about 5.9. Significantly, Vedanta is a component of approximately 76 mutual fund portfolios and holds a four-star rating from Value Research.
• Union Bank of India presented a P/E ratio of around 6.3. The bank’s stock is included in approximately 27 mutual fund holdings and also carries a four-star rating from Value Research.
• The Great Eastern Shipping recorded a P/E ratio of about 7. This shipping giant is held by around 22 mutual funds and boasts a five-star rating from Value Research.
• Bank of Maharashtra completed the list with a P/E ratio of approximately 8.1. Its stock is part of about 7 mutual fund portfolios and has earned a five-star rating from Value Research.

These P/E ratios offer a direct measure of how much investors are willing to pay for each rupee of a company’s earnings. The presence of these stocks on ETWealth’s list indicates their current valuation against their earnings performance on the specified date.