Stocks under ₹100 with ROE and ROCE of more than 20% to keep an eye on
News by Aliceblue News Desk
02 Aug 2025

Introduction:
Finding quality stocks under ₹100 is not easy. But some companies with strong returns stand out. This list includes stocks with ROE and ROCE above 20%, based on recent financial data.
ROE (Return on Equity) shows how well a company uses shareholders’ money to generate profit. ROCE (Return on Capital Employed) measures how efficiently a company uses its capital. Both are key indicators of performance.
AJC Jewel
On August 1, 2025, AJC Jewel Manufacturers Ltd opened at ₹95.00, down 2.27% from its previous close of ₹97.20. The stock reached a high of ₹95.00 and a low of ₹92.01. By 4:00 PM, it closed at ₹92.63, marking a 4.70% decline.
AJC Jewel Manufacturers Ltd has a strong ROE of 34.2%, indicating effective use of equity. Its ROCE stands at 30.8%, showing efficient capital utilization in its jewellery manufacturing business.
AJC Jewel Manufacturers Ltd (BSE: 544425), incorporated in 2018, manufactures and wholesales 22K and 18K gold jewellery, including rings, bangles, and necklaces. It serves dealers, retailers, and corporates across India.
Swastika Castal
On August 1, 2025, Swastika Castal Ltd opened at ₹81.20, up 5.00% from its previous close of ₹77.34. The stock recorded a high and low of ₹81.20 during the day. By 4:00 PM, it closed at ₹81.20, marking a 4.99% gain, with a market cap of ₹66.29 crore.
Swastika Castal Ltd reports a strong ROE of 27.9%, reflecting solid equity returns. Its ROCE stands at 25.2%, indicating efficient use of capital in its jewellery manufacturing operations.
Swastika Castal Ltd (BSE Symbol: 544452), incorporated in 1996, specializes in aluminium casting including centrifugal, sand, and gravity die-casting. It supplies ready-to-use components across India and exports to Europe and the USA.
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Dhanlaxmi Crop
On August 1, 2025, Dhanlaxmi Crop Science Limited opened at ₹44.70, down 0.67% from its previous close of ₹45.00. The stock touched a high of ₹44.70 and a low of ₹44.20. By 4:00 PM, it closed at ₹44.30, marking a 1.56% decline, with a market cap of ₹72.33 crore.
Dhanlaxmi Crop Science Limited reported a Return on Equity (ROE) of 28.0% and a Return on Capital Employed (ROCE) of 35.4%, reflecting strong profitability and efficient use of capital.
Dhanlaxmi Crop Science Ltd, incorporated in 2005, develops and sells hybrid and open-pollinated seeds using traditional and biotech methods. It focuses on high-yield, pest-resistant varieties. (NSE Symbol: DHANLAXMI)
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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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