March 6, 2024
Low PE Ratio Blue Chip Stocks

Low PE Ratio Blue Chip Stocks

The table below shows the top 10 Blue Chip Stocks With Low PE Ratio in India on the market cap and PE ratio from highest to lowest.

NameMarket Cap ( Cr )Close PricePE Ratio
Reliance Industries Ltd1962218.292921.5024.94
HDFC Bank Ltd1065693.461403.6017.58
ICICI Bank Ltd694203.061010.7016.25
State Bank of India624321.23725.259.76
ITC Ltd517321.71415.5024.45
Kotak Mahindra Bank Ltd343846.191742.4519.68
Oil and Natural Gas Corporation Ltd343630.33267.556.40
Tata Motors Ltd338200.29915.0015.75
NTPC Ltd320862.68324.9017.04
Axis Bank Ltd319530.711051.4024.03

Blue chip stocks in India refer to shares of well-established companies with a strong financial track record, stable earnings, and a history of consistent dividend payments. These companies are typically leaders in their respective industries, have a large market capitalization, and are considered relatively safe investments due to their stability and reliability.

The P/E ratio is helpful because it provides insight into how much investors are willing to pay for each unit of earnings the company generates.

Blue Chip Stocks With Low PE Ratio India

Reliance Industries Ltd

The market capitalization of Reliance Industries Ltd is 1,962,218.29 crore rupees. Its price-to-earnings (PE) ratio stands at 24.94. The one-year return percentage is 36.58%. It currently sits at 0.97%, away from its 52-week high.

The company, headquartered in India, operates across various sectors such as hydrocarbon exploration, petroleum refining, petrochemicals, renewables, retail, and digital services. Its segments encompass Oil to Chemicals (O2C), Oil and Gas, Retail, and Digital Services, each involved in distinct yet interconnected activities, including refining, petrochemicals, fuel retailing, exploration, retail consumer services, and digital service provision.

HDFC Bank Ltd

The market capitalization of HDFC Bank Ltd, is 1,065,693.46 crore rupees. Its price-to-earnings (PE) ratio stands at 17.58. Over the past year, the return percentage is -14.96%. Currently, it sits at a 25.21% distance from its 52-week high.

A financial services conglomerate offers a comprehensive range of financial products through its subsidiaries. 

Services encompass banking, insurance, and mutual funds. It provides commercial, investment, and branch banking services catering to diverse banking needs. Additionally, it operates in treasury, retail banking, and wholesale banking segments, serving various clientele, including corporations, public sector units, and financial institutions. Subsidiaries include HDFC Securities Ltd., HDB Financial Services Ltd., HDFC Asset Management Co. Ltd, and HDFC ERGO General Insurance Co. Ltd.

ICICI Bank Ltd

The market capitalization of ICICI Bank Ltd is 694,203.06 crore rupees. Its price-to-earnings (PE) ratio is 16.25. Over the past year, the return percentage is 17.41%. Currently, it stands at 4.82%, away from its 52-week high.

The bank headquartered in India, offers a variety of banking and financial services across six segments. Its retail banking segment encompasses revenue streams from credit cards, debit cards, and third-party product distribution.

The wholesale banking segment includes advances to trusts, partnership firms, companies, and statutory bodies. The treasury segment manages the Bank’s investment and derivative portfolio. 

State Bank of India

The market capitalization of State Bank of India is 624,321.23 crore rupees. Its price-to-earnings (PE) ratio stands at 9.76. Over the last year, its return percentage is 31.67%. Currently, it is only 0.43% away from its 52-week high.

The bank headquartered in India, offers diverse banking and financial services to individuals, commercial entities, corporates, public bodies, and institutional clients. Its operations span segments like Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business, catering to various needs such as investment management, lending, and transaction services.

ITC Ltd

The market capitalization of ITC Ltd is 517,321.71 crore rupees. Its price-to-earnings (PE) ratio is 24.45. Over the past year, the return percentage is 11.02%. Currently, it is 20.26% away from its 52-week high.

The company, headquartered in India, operates across diverse sectors, including fast-moving consumer goods (FMCG), hotels, paper, packaging, and agribusiness. Its FMCG division encompasses cigarettes, personal care, stationery, safety matches, and packaged foods. 

The company also ventures into specialty paper, agri-commodities, and hospitality with six distinct hotel brands catering to various segments.

Kotak Mahindra Bank Ltd

The market capitalization of Kotak Mahindra Bank Ltd is 343,846.19 crore rupees. Its price-to-earnings (PE) ratio stands at 19.68. Over the last year, the return percentage is -1.61%. Presently, it is 18.48% away from its 52-week high.

A non-banking financial institution, primarily focuses on financing passenger cars and multi-utility vehicles for retail customers, providing inventory and term funding to car dealers. It operates through three segments: Vehicle Financing, Other Lending, and Treasury and Investment.

Oil and Natural Gas Corporation Ltd

The market capitalization of Oil and Natural Gas Corporation Ltd is 343,630.33 crore rupees. Its price-to-earnings (PE) ratio is 6.40. Over the past year, the return percentage is 83.00%. Currently, it is 3.03% away from its 52-week high.

An Indian firm operates in the crude oil and natural gas sector. Its business divisions encompass Exploration and Production, as well as Refining and Marketing. 

Engaged in exploration, development, and production, both domestically and internationally, it also ventures into downstream activities such as refining, marketing, petrochemicals, power generation, LNG supply, pipeline transportation, SEZ development, and helicopter services.  

Tata Motors Ltd

The market capitalization of Tata Motors Ltd is 338,200.29 crore rupees. Its price-to-earnings (PE) ratio stands at 15.75. Over the past year, the return percentage is an impressive 109.50%. Currently, it is 3.83% away from its 52-week high.

Tata Motors Limited, a renowned global automaker, offers a diverse range of automobiles, encompassing cars, SUVs, trucks, buses, and defense vehicles. Its business segments comprise automotive operations, including Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing, alongside other operations such as IT services and factory automation solutions.

NTPC Ltd

The market capitalization of NTPC Ltd is 320,862.68 crore rupees. Its price-to-earnings (PE) ratio is 17.04. Over the past year, the return percentage is an impressive 95.72%. Currently, it is 4.97% away from its 52-week high.

An Indian power generation firm primarily sells bulk power to State Power Utilities. Its operations encompass two segments: Generation, focused on power production and sales to state utilities, and Others, providing diverse services like consultancy, energy trading, and coal mining. 

With 89 power stations across India, NTPC operates independently or through joint ventures and subsidiaries, including NTPC Vidyut Vyapar Nigam Limited, NTPC Electric Supply Company Limited, Bhartiya Rail Bijlee Company Limited,  and Power Private Limited.

Axis Bank Ltd

The market capitalization of Axis Bank Ltd is 319,530.71 crore rupees. Its price-to-earnings (PE) ratio stands at 24.03. Over the past year, the return percentage is 21.17%. Currently, it is 9.55% away from its 52-week high.

The company, headquartered in India, specializes in banking and financial services. Its divisions encompass Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. 

The Treasury arm manages investments in various financial instruments, while Retail Banking provides various services, including liability products and digital banking solutions. Corporate/Wholesale Banking caters to corporate clients with advisory, capital market services, and cash management, while Other Banking Business covers additional services like third-party product distribution.

Looking for the Best Stocks in different sectors? Check out the following articles:

Top pharma companies in india by market cap
Top companies in india by market capitalization – bse
Best Monthly Dividend-Paying Stocks in India
Top companies in india by net sales
Top companies in india by net profit
Highest p/e ratio stocks
most active stocks by volume in nse

Low PE Ratio Blue Chip Stocks – FAQ

1. What are the top Blue chip stocks with low PE ratio?

  • Blue chip stocks with low PE ratio #1: Reliance Industries Ltd
  • Blue chip stocks with low PE ratio #2: HDFC Bank Ltd
  • Blue chip stocks with low PE ratio #3: ICICI Bank Ltd
  • Blue chip stocks with low PE ratio #4: State Bank of India
  • Blue chip stocks with low PE ratio #5:ITC Ltd

These are the top five blue chip stocks with a low PE ratio based on the highest market capitalization.

2. Which stock has the lowest PE ratio?

Among the three mentioned blue chip stocks, Oil and Natural Gas Corporation Ltd, State Bank of India, and Tata Motors Ltd stand out for their strong market capitalization and relatively low price-to-earnings (P/E) ratios. 

3. Is a low PE ratio good for a stock?

A low Price-to-Earnings (P/E) ratio can indicate that a stock may be undervalued, presenting a potential opportunity for investors seeking value investments with attractive earnings potential.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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