Top Stocks Under Rs 200: A Red Bull energy drink costs just under Rs. 200. and So does a Chai at Chaayos. But did you know you can also own good stocks under Rs. 200. There are many options to choose from small-cap, mid-cap and even large-cap. You may be a novice investor hoping to buy low-quotation stocks or a trader looking for profits on volume. These stocks under Rs. 200 can be useful for you.
Though the investor appetite for such fundamentally strong stocks is huge, the availability is in short supply. A quick run on Screener fetches 2,900 companies trading in the market with a share price of less than Rs. 200 per share. How do you go about picking profitable companies from this large pool? What filters to use: revenue growth, profitability, debt to equity ratio or what else?
In this article, we bring to you Top Stocks Under Rs 200. So without further ado, let us jump in.
Table of Contents
Top Stocks Under Rs 200
Let us look at the 5 top stocks under Rs 200 in detail.
Top Stocks Under Rs 200 #1 – GMDC Ltd
Share Price (Rs.) | 132 | Market Cap (Rs. Cr.) | 4,256 |
EPS (Rs.) | 29.54 | Book Value (Rs.) | 162 |
Stock P/E | 5.69 | Price to Book | 0.79 |
Face Value (Rs.) | 2.0 | Dividend Yield | 2.26% |
RoCE | 16.6% | RoE | 9.10% |
Debt to Equity | 0.0 | Promoter Holding | 74.0% |
Founded in 1963, Gujarat Mineral Development Corporation (GMDC) Ltd. is a leading state-owned mining and mineral processing company. Based out of Ahmedabad, it is also India’s second-largest lignite-producing company.
GMDC has no debt and was ranked 132nd on India’s Fortune 500 Companies list in 2017. It is amongst the top five Indian entities by market capitalization in the mining sector.
The company is involved in the exploration of Manganese, Silica Sand, Bauxite, Lignite, Ball Clay, Limestone, and other minerals. These minerals find their uses in a variety of industries: glass making, ceramics, chemicals, water treatment, oil drilling and more.
In addition to this, GMDC has a significant presence in the energy sector. It has a sizable portfolio of thermal power projects and also renewable energy projects (wind and solar power both).
On the back of strong earnings growth, its stock price has rallied 151% in the last year giving a multi-bagger return to its investors.
Top Stocks Under Rs 200 #2 – EPL Ltd
Share Price (Rs.) | 159 | Market Cap (Rs. Cr.) | 5,110 |
EPS (Rs.) | 6 | Book Value (Rs.) | 58 |
Stock P/E | 26.7 | Price to Book | 2.69 |
Face Value (Rs.) | 2.0 | Dividend Yield | 2.22% |
RoCE | 14.2% | RoE | 13.1% |
Debt to Equity | 0.36 | Promoter Holding | 51.53% |
Owned by the Blackstone Group, EPL is the world’s largest speciality packaging company. The global asset manager purchased the company from Essel Group of Companies in August 2019. Later in mid-2020, Blackstone trimmed almost ⅓ of its stake to 51.91%.
EPL manufacturers laminated plastic tubes and dispensing systems. These products find their application in oral care, beauty & cosmetics, pharmaceuticals & healthcare, and food & home care segments.
EPL has 20 plants spread across 12 countries around the world producing 8 billion tubes every year for its 1200 clients. It has strong relationships with reputed MNCs and Indian companies such as P&G, Colgate, Unilever, GSK, Reckitt Benckiser, Johnson & Johnson, Dabur, Emami, Himalaya, Patanjali, and more.
Though the company has reported profits consistently, its share price has declined more than 37% since its IPO in October 2020. It has low debt and the stock offers a good dividend yield of over 2.5%.
Top Stocks Under Rs 200 #3 – Ashok Leyland Ltd
Share Price (Rs.) | 138 | Market Cap (Rs. Cr.) | 40,371 |
EPS (Rs.) | 2.1 | Book Value (Rs.) | 24.4 |
Stock P/E | 64 | Price to Book | 5.3 |
Face Value (Rs.) | 1.0 | Dividend Yield | 0.85% |
RoCE | 5.2% | RoE | -3.8% |
Debt to Equity | 3.3 | Promoter Holding | 51.53% |
Ashok Leyland was founded as Ashok Motors in 1948. It is owned by Hinduja Group and is India’s second-largest commercial vehicle manufacturer, the fourth-largest manufacturer of buses in the world and the 19th-largest manufacturer of trucks globally.
This Chennai-headquartered company has a global footprint with 7 manufacturing facilities in India and 2 overseas. It has a well-diversified portfolio across the automobile industry producing heavy commercial vehicles, light commercial vehicles, engines, and even defense vehicles.
Ashok Leyland has also emerged as a leader in the EV space with its EV arm Switch Mobility. It has modified its various models into electric vehicles. Recently Switch Mobility unveiled India’s first double-decker EV bus. It will replace the entire fleet of 200 double-decker buses in Mumbai.
However, Ashok Leyland reported losses in the last two fiscal years because of the heavy interest it had to pay on its debt. Optimistically, the rebound in the auto-cycle may result in a favorable change in the fortunes of the debt-laden auto-maker.
Top Stocks Under Rs 200 #4 – IEX
Share Price (Rs.) | 154 | Market Cap (Rs. Cr.) | 13,879 |
EPS (Rs.) | 3.4 | Book Value (Rs.) | 8.37 |
Stock P/E | 45.3 | Price to Book | 19 |
Face Value (Rs.) | 1.0 | Dividend Yield | 0.8% |
RoCE | 66% | ROE | 51% |
Debt to Equity | 0 | Promoter Holding | 0.0% |
Indian Energy Exchange (IEX) was promoted by 63 Moon Technologies and Power Trading Corporation of India in June 2008. It is an electronic system-based power trading exchange regulated by Central Electricity Regulatory Commission.
It has become India’s premier energy marketplace by providing an automated trading platform for the physical delivery of electricity, renewables, and certificates. Not only this, but IEX also pioneered cross-border electricity trade.
Today it has a network of 6,800+ participants spread across India comprising more than 500 distribution utilities and over 500 conventional generators. In addition to this, the power exchange has upwards of 4,400 commercial and industrial customers.
Its revenues and profits have consistently grown over the years. The company is debt free and has maintained a high dividend payout ratio of more than 55% in the last two years.
Top Stocks Under Rs 200 #5 – Oil India Ltd
Share Price (Rs.) | 260 | Market Cap (Rs. Cr.) | 28,335 |
EPS (Rs.) | 83.9 | Book Value (Rs.) | 343 |
Stock P/E | 3.1 | Price to Book | 0.7 |
Face Value (Rs.) | 10.0 | Dividend Yield | 5.79% |
RoCE | 21% | RoE | 24% |
Debt to Equity | 0.54 | Promoter Holding | 56.6% |
Oil India Ltd. (OIL) is a Navratna status company that was incorporated on 18th February 1959. It comes under the Ministry of Petroleum and Natural Gas and is the nation’s second-largest national oil and gas company.
It has a sizable presence across the entire value chain in the hydrocarbon space. It owns and runs a variety of facilities for exploration, drilling, oil & gas field development, production, and transportation making it an integrated E&P company.
Recently the company also made a foray into the city gas distribution projects in an attempt to diversify its non-E&P energy value chain. In addition to this, OIL has taken forward-looking steps by investing in renewable & alternate energy by installing solar and wind projects.
Barring 2021, its net profit and sales have consistently increased over the last 6 years. The stock offers a high-dividend yield of 6.76% at a very low P/E of 2.79 only.
List of Top Stocks Under Rs 200
We covered top stocks under Rs 200 in detail above. The list below lists more such companies with share prices less than Rs. 200.
Company Name | Industry | Share Price (Rs.) | Market Cap (Rs. Cr.) |
---|---|---|---|
Indus Towers | Telecommunication | 137.4 | 37,607 |
KIOCL | Metals | ₹ 180.15 | 10,884 |
Oil India | Oil & Gas | 260.5 | 28,335 |
Devyani International | Hospitality | 156.2 | 18,449 |
City Union Bank | Financial Services | 126 | 9,195.97 |
Gujarat Mineral Development Corporation | Mining | 132.8 | 4,256.43 |
EPL | Packaging | 159 | 5,110.45 |
Sterlite Technologies | Telecommunication | 161.35 | 6,349.39 |
Gujarat State Fertilizers & Chemicals | Fertilizers & Chemicals | 128.2 | 5,088.56 |
NTPC | Power | 173.05 | 1,70,515 |
Indian Energy Exchange | Trading | 154.8 | 13,879 |
Exide Industries | Battery | 185.4 | 15,750 |
Ashok Leyland | Automobile | 138 | 40,371 |
In Conclusion
In this article, we covered Top Stocks Under Rs 200. While it is good to have an idea of the stock prices of different companies, it is not advisable to pick stocks only on the basis of their price. An investor should have a holistic view.
As a retail investor, what investment approach do you follow? Do you prefer small-cap companies, mid-cap or large-cap or keep a balance between them? How about you let us know in the comments below?
You can now get the latest updates in the stock market on Trade Brains News and you can even use our Trade Brains Portal for fundamental analysis of your favourite stocks.
Vikalp Mishra is a commerce graduate from the University of Delhi. He likes to write on finance, money and business. He is a voracious reader with a genuine interest in investing. Drop him a mail at vikalp.mishra@tradebrains.in.
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Thank you for sharing the information
Very good guidence
Hello my name is Ramjan shekh I don’t have any experience but I like to buy shares can you saguest me were how can buy shares because I don’t have a knowledge
Expect ashok Leyland iam holding all the stocks you’ve mentioned under Rs 200,NMDC AND NALCO are also portfolio stocks under rs 200 ,which offer high dividend yield.
Thanks for your input, Vijay! Really glad to know you are taking steps toward financial freedom. For the purpose of length, we keep our description to a maximum of 5 companies. But I’m confident that your comment will catch the eye of the readers.
Good information
Thanks
Yes,ur analysis is very good n smart. If one self analyse along with ur feed back then he will be immensely benefitted.i personally liked it
Thank you.
Very good information and most useful
Thanks, Srinivas! Glad that it served your purpose.
Good & useful information
Thanks, Lakshmi!
2 years back GMDC said having very less lignite . and share went to 30 rs. now how it is valued.
Hi Anil! I’m not following GMDC very closely. But from what I know, GMDC has slowly increased the number of mines. Additionally, high coal prices have resulted in higher realizations. At that time, the heavy cash balance acted as a buffer for the stock.
Best information
Very useful information, everyone must have balanced stock of Larg, Mid and small cap, to earn good return, thank you.
Thanks for contributing to the article, Kiran!
Good information
Thanks
Thanks, Abu!
Thanks for the appreciation Awadhesh! Means a lot.
Hello my name is Ramjan shekh I don’t have any experience but I like to buy shares can you saguest me were how can buy shares because I don’t have a knowledge
Hi Ranjan! I’m sorry I’m neither a registered investment advisor nor I’m allowed in my capacity to make any comments on behalf of my employer. I suggest you not rush to invest directly but start by learning about investing. You can check out finance courses from https://joinfingrad.com/ through this link.
Very Good information shared.
I purchased 95% shares of Large cap with leader in their business.
Thanks, Vipul! I’m glad that the information in this article helped with your stock research.