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Top Stocks Under Rs 3500 to add to your watchlist – Detailed Analysis

by Trade Brains | October 31, 2022 8:00 am

Top Stocks under Rs 3500 - Cover image

Top Stocks Under Rs 3500: Stocks like MRF often make it hard for retail investors to buy them. This is because one would have to shell out upwards of Rs. 80,000 to buy one share. However, the good news for investors is that there is no shortage of great companies that one can buy for a sum of Rs 3500 per share.

In this article, we will take a look at the top stocks under Rs 3500.

So without further ado, let us jump in.

Table of Contents

  • Top Stocks Under Rs 3500
    • Top Stocks Under Rs 3500 #1 – Tata Consultancy Services
    • Top Stocks Under Rs 3500 #2 – Adani Enterprises
    • Top Stocks Under Rs 3500 #3 – Asian Paints
    • Top Stocks Under Rs 3500 #4 – PI Industries
    • Top Stocks Under Rs 3500 #5 – Alkem Laboratories
  • List of Top Stocks Under Rs 3500 
  • In Conclusion

Top Stocks Under Rs 3500

There are many stocks that are listed in NSE and BSE for the share price of Rs 3500 and below. Let’s check which are those and more.

Top Stocks Under Rs 3500 #1 – Tata Consultancy Services

Top Stocks Under Rs 3500 - TCS Logo

Tata Consultancy Services (TCS) Ltd. is the crown jewel of the Tata Group. It is the second-largest Indian company after Reliance Industries in terms of market capitalization. It accounts for most of the earnings of Tata Sons, the holding company of the Tata Group. 

TCS is an IT services company and earns its revenues from America and Europe chiefly. It provides software services in 5 major industries: banking, finance services & insurance, retail & consumer business, communication, media & technology, and manufacturing.

The IT major offers a broad range of services: analytics & insights, automation & AI, blockchain, cloud, consulting, cyber security, enterprise applications, IoT & digital engineering, quality engineering, and more.

Recently the company has also taken an active role to lead the digital ventures of Tata Group. 

For a large-cap company, TCS has generated impressive returns for its shareholders over the last five years. Its stock has appreciated at a CAGR of 19.41% every year during the period.

CMP₹3,143Market Cap (Cr.)₹1,150,000
EPS₹108Stock P/E29.1
ROCE54.9%ROE43.6%
Face Value₹1.0Book Value₹266
Promoter Holding72.3%Price to Book Value11.8
Debt to Equity0.08Dividend Yield1.36%
Net Profit Margin20%Operating Profit Margin27.7%

Top Stocks Under Rs 3500 #2 – Adani Enterprises

Top Stocks Under Rs 3500 - Adani Logo

Adani Enterprises Ltd. (AEL) is the flagship company of the Adani Group. It was started as a commodity trading company in 1988 by Gautam Adani, a first-generation billionaire, and founder. It got listed in 1994.

Since then Adani Enterprises has grown into an incubator and holding company with diverse business holdings.

AEL is one of the largest Indian conglomerates with operations across multiple industries: airports, data centers, defense & aerospace, edible oil & foods, agro, integrated resources management, mining services, road, metro & rail, solar manufacturing, and water. It has grown organically and inorganically over the years. 

Recently, Adani Enterprises entered into a joint venture with EdgeConneX (the world’s largest private data center operator) to build data center facilities of 1GW over the next ten years. 

In addition to this, Gautam Adani announced a large investment of $ 100 billion by the Adani Group over the next ten years. Out of it, $ 70 billion is earmarked for an integrated hydrogen-based value chain.

Adani New Industries Ltd., a subsidiary of Adani Enterprises will be implementing green hydrogen projects as part of this large investment.

CMP₹3,273Market Cap (Cr.)₹373,000
EPS₹8.71Stock P/E385
ROCE7.28%ROE4.12%
Face Value₹1.0Book Value₹186
Promoter Holding72.3%Price to Book Value17.6
Debt to Equity2.04Dividend Yield0.03%
Net Profit Margin1.13%Operating Profit Margin5.35%

Top Stocks Under Rs 3500 #3 – Asian Paints

Top Stocks Under Rs 3500 - Asian Paints Logo

Based out of Mumbai, India, Asian Paints Ltd. is India’s largest, Asia’s 3rd largest, and the world’s 9th largest paint producer. The company was started in the 1940s by four friends. 

It has 26 paint manufacturing plants with operations across 15 countries. It offers a broad range of products and services. Its chief offerings include paints, wall coverings, and waterproofing. 

Along with this, it also sells wall stickers, adhesives, modular kitchens and wardrobes, bath fittings, sanitaryware, sanitizers, furnishings & lighting services, interior design services, and other products and services.

Decorative business accounts for almost 85% of the group’s revenue. Asian Paints derives 10% of its revenues from international sales. 

This makes it India’s largest paint company with a 40% combined market share and 55% in the decorative paint category.

The company has incorporated two 50:50 joint ventures with PPG Inc, an American Fortune 500 company to cater to automotive coatings and industrial coatings demand.

CMP₹3,222Market Cap (Cr.)₹310,000
EPS₹36.30Stock P/E86.4
ROCE29.70%ROE23.20%
Face Value₹1.0Book Value₹144
Promoter Holding52.6%Price to Book Value22.4
Debt to Equity0.11Dividend Yield0.59%
Net Profit Margin10.80%Operating Profit Margin16.50%

Top Stocks Under Rs 3500 #4 – PI Industries

PI Industries Logo

PI Industries was founded in 1946 as Mewar Oil and General Mills Ltd. The company started the formulation and marketing of agrochemicals in 1961. Fast forward to the present date, Gurgaon-headquartered PI Industries produces & sells fertilizers and specialty products.

It also provides various services such as research & development, custom synthesis & manufacturing solutions, distribution services, and more. 

It has a workforce of 3,000 employees. Its 5 formulation facilities and 15 multipurpose plants at 5 manufacturing locations provide it with an integrated development process: process synthesis, scaling up, and commercialization.

Its research and development center in Udaipur houses more than 400 scientists and researchers with advanced research and development labs, kilo plants, and pilot plants with NABL certification.

PI Industries earned 76.42% of its revenues in FY22  internationally. India only contributed Rs. 1,197 crores of the total Rs. 5,077 crore revenue for the company. This places the agrochemicals company in a sweet spot as the global demand for fertilizers is expected to improve in the near future. 

CMP₹3,090Market Cap (Cr.)₹47,000
EPS₹60.6Stock P/E51
ROCE17.3%ROE14.7%
Face Value₹1.0Book Value₹403
Promoter Holding46.7%Price to Book Value7.68
Debt to Equity0.05Dividend Yield0.20%
Net Profit Margin15.9%Operating Profit Margin21.7%

Top Stocks Under Rs 3500 #5 – Alkem Laboratories

Alkem Logo

Alkem Laboratories was started almost 4 decades ago in 1973. Over the years, the company has grown to become one of India’s largest generic and specialty pharmaceutical players with a presence in more than 40 countries.

Alkem went public in December 2015, listing its shares on the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.

It has a strong portfolio of brands such as Clavam, Pan, Pan-D, and Taxim-O. In the last 10 years, its foothold in the anti-infective segment has remained particularly strong. In total, the company has over 800 brands with over 1,300 SKUs for a broad range of therapy segments.

The pharma company has 20 manufacturing sites at multiple locations across India and the USA. It employs more than 17,000 people.

Alkem has a low debt-to-equity ratio of 0.31. The company has an impressive return on equity ratio of 20.7% and a return on capital employed at 18.6%. 

CMP₹3,100Market Cap (Cr.)₹37,000
EPS₹109Stock P/E28.2
ROCE18.6%ROE20.7%
Face Value₹2.0Book Value₹722
Promoter Holding57.1%Price to Book Value4.28
Debt to Equity0.31Dividend Yield1.09%
Net Profit Margin15.9%Operating Profit Margin19.3%

List of Top Stocks Under Rs 3500 

The table below presents a list of top stocks under Rs 3500 along with their industry, market capitalization and share price.

Company NameIndustryCMP (Rs.)Market Cap (Rs. Cr.)
Tata Consultancy ServicesIT Services3,1431,150,000
Adani EnterprisesDiversified3,273373,000
Adani TransmissionOil & Gas3,183355,000
Adani Total GasGas Distribution3,154347,000
Asian PaintsPaints3,222310,000
ABB IndiaInfrastructure3,22868,500
MindtreeIT Services3,44457,000
Schaeffler IndiaBearings3,21050,000
P I IndustriesAgrochemicals3,09047,000
Alkem LaboratoriesPharmaceuticals3,10037,000

In Conclusion

Above we looked at some of the top stocks under Rs 3500. It might be a good approach to sort stocks on the basis of their stock price and market capitalization. But it should not be the only parameter investors should keep in mind while making investment decisions. 

Additionally, an investor should diversify by including companies from different sectors and of different sizes to protect her downside.

As an investor, what points do you keep in mind while picking stocks? How about you let us 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 favorite stocks.

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