Best Cheap Stocks List of India 2023-Top Cheap Stocks to Buy in India-Shares Under 5 Rupee-Shares Below Rs 5

Best Cheap Stocks List of India for 2023


Cheap stocks to buy in India for 2023 are very popular among investors and traders. In the case of Reliance Industries Limited, an investor may choose to buy several hundreds of shares in cheap shares businesses rather than a single share in the company. Let us view the best cheap stocks list of India for 2023 in this topic.

After all, low-priced stocks are appealing to a large number of investors, and it is thus important to highlight the best options available. Indeed, when assessing a potential purchase, investors should consider both the total market capitalization and the cheap stocks price, rather than just the low price share in India alone or rather than just the Indian penny stocks alone.

What are Cheap Stocks?

In the vast majority of cases, when trading stocks under 5 Rupees is called as cheap stocks. Indian stocks trading in cheap prices are mainly because the business has had financial problems. The potential for these companies to produce returns that are many times greater than their original investment exists if they can turn their fortunes around quickly and successfully.

The majority of people who trade in Indian cheap stocks are from the lower class of retail investors who do not follow a portfolio approach and instead invest in them based on news or a tip from a friend.

They believe that the price has already been beaten down too much and that they will not lose much money. However, if this turns out to be correct, they will have doubled or tripled their initial investment.

While investing in small amounts, investors should keep in mind that if their investment does not turn out as anticipated, they may lose all they have put into the investment.

Additionally, the degree of managerial quality is an important element that may have had a role in the reduced price. Dishonesty and honesty are two distinct kinds of management approaches, and both may be devoid of vision and a drive to achieve.

In fast-growing industries, it is typical for cheap stock prices than those of their competitors if the management team is of poor quality.

List of Cheap Stocks in India for 2023

You can gain more knowledge on best small cap stocks, best large cap stocks and best mid cap stocks for in-depth research. It is possible that the list of cheap stocks in India for 2023 listed below, which may be purchased for less than 5 Rupees, will be able to produce substantial shareholder returns in the future. You can click on the stock name to view the detail analysis of best cheap stocks list of India for 2023.

Sr. No.Name Of Company (Click on Company’s Name for Analysis)Earning Per Share (EPS)Price to Earning (P/E) Intrinsic Value (IV) (Rs. Book Value (BV) (Rs.) 1-Year Return (%)
1GVK Power & Infrastructure Limited14.630.28-24.2146.00
2Cranes Software International Limited5.520.53-64.87-7.91
3Diligent Media Corporation Limited5.290.88-47.15120.00
4Prakash Steelage Limited9.402.52-3.10162.79
5BSEL Infrastructure Realty Limited1.472.6423.0645.29137.20
6Shree Global Tradefin Limited1.264.2820.805.687.57
7Pro Fin Capital Services Limited0.236.902.921.3440.35
8Bhandari Hosiery Exports Limited0.4513.055.485.5778.46
9B.C. Power Controls Ltd0.3913.994.825.6237.66
10Zenith Steel Pipes & Industries Limited0.9515.01-17.00515.79
11Madhav Infra Projects Limited0.2815.692.973.326.53
12Precision Containeurs Limited2.1316.00
13Sundaram Multi Pap Limited0.1717.551.662.0051.22
14Cni Research Limited0.1518.411.151.0862.57
15Seacoast Shipping Services Limited0.0718.751.431.42-76.28
16Jct Limited0.1619.052.304.05-0.32
17Shree Ganesh Biotech (India) Limited0.1020.741.101.51-71.39
18Inventure Growth & Securities Limited0.1422.992.642.371.67
19Garment Mantra Lifestyle Limited0.2623.213.42-61.49
20Mfl India Limited0.0523.240.080.01245.71
21Anupam Finserv Limited0.1124.691.211.2074.19
22Country Condo’s Limited0.1233.241.672.8543.86
23Smiths & Founders (India) Limited0.1337.041.190.4845.94
24Sri Havisha Hospitality and Infrastructure Limited0.0639.370.741.07112.00
25Isf Limited0.0745.371.591.49-15.29
26Vikas EcoTech Limited0.0747.971.272.4492.09
27Sulabh Engineers & Services Limited0.0950.351.503.03122.33
287Nr Retail Limited0.0253.170.220.26-77.24
29Advik Capital Limited0.0755.291.520.4938.65
30Baroda Extrusion Limited0.0566.48-2.3468.69
31Pmc Fincorp Limited0.0477.841.281.7965.59
32Nivaka Fashions Limited0.04101.570.721.00-30.64
33Tuni Textile Mills Limited0.02102.750.420.9696.75
34Arc Finance Limited0.01117.820.251.0246.15
35Cybermate Infotek Limited0.04136.391.7410.1764.86
36Kcl Infra Projects Limited0.02148.250.620.75223.53
37Amin Tannery Limited0.02150.650.411.0941.21
38Kavit Industries Limited0.01158.080.381.30-74.16
39Sun And Shine Worldwide Limited0.01165.000.211.06138.89
40Zenith Health Care Limited0.03171.631.211.33-18.22
41Shalimar Productions Limited184.580.161.0420.41
42Yamini Investments Company Limited296.850.020.1386.27
43Gold Line International Finvest Limited298.120.401.02129.55
44Ncl Research & Financial Services Limited299.700.090.5922.92
45FCS Software Solutions Limited1,196.682.03134.62
46Indian Infotech & Software Limited1,302.460.202.28108.46
47Mangalam Industrial Finance Limited0.010.190.3518.51
48Sharp Investments Limited1.17262.96
49G G Engineering Limited0.41-89.23
50Gcm Securities Limited-0.010.6815.59
51Nila Spaces Limited-0.013.00102.86
52Sambhaav Media Limited-0.014.4663.79
53Gv Films Limited-
54Generic Pharmasec Limited-0.020.56-44.35
55Sun Techno Overseas Limited-0.030.8335.82
56Visagar Polytex Limited-0.030.6375.00
57Sanwaria Consumer Limited-0.07-7.8746.15
58Mercator Limited-0.08-46.56-27.03
59Goenka Diamond and Jewels Limited-0.097.6156.00
60Mauria Udyog Limited-0.112.0174.71
61Kushal Limited-0.2545.70-36.34
62Stampede Capital Limited-0.28-0.21-29.41
63Vikas Proppant & Granite Limited-0.283.64-58.14
64Himachal Fibres Limited-0.491.1624.52
65Restile Ceramics Limited-0.61-2.9726.76
66Gyscoal Alloys Limited-0.63-1.9926.67
67Shekhawati Poly-Yarn Limited-0.85-3.6412.50
68Eastern Silk Industries Limited-0.98-3.668.33
69GTL Infrastructure Limited-1.22-2.41-16.67
70Quadrant Televentures Limited-1.81-37.24443.18
71Punj Lloyd Limited-2.05-60.5252.63
72Next Mediaworks Limited-2.23-7.70-5.69
73Future Consumer Limited-2.570.75-72.30
74RattanIndia Power Limited-2.88-4.962.15
75Impex Ferro Tech Limited-3.00-27.82442.86
76Siti Networks Limited-3.07-5.696.25
77Rollatainers Limited-3.150.96-35.56
78Consolidated Construction Consortium Limited-3.72-13.39322.22
79Unitech Limited-3.9911.6016.67
80Ujaas Energy Limited-5.613.3923.64
81Sintex Plastics Technology Limited-6.490.83-12.20
82SKIL Infrastructure Limited-6.56-20.73-5.41
83Burnpur Cement Limited-6.81-32.7561.54
84Vikas WSP Limited-7.5648.78-48.45
85Ballarpur Industries Limited-9.950.51
86Diamond Power Infra Ltd-15.6520.2934.48
87Uttam Galva Steels Limited-15.98-290.34-18.39
88Jaypee Infratech Limited-17.00-40.0420.51
89Reliance Communications Limited-24.51-219.03-19.05
90Reliance Naval and Engineering Limited-26.23-221.6918.03
91IL&FS Transportation Networks Limited-29.58-451.7246.97
92Bombay Rayon Fashions Limited-40.21-12.39-60.54
93Kridhan Infra Limited-43.00-32.95-3.53
94Birla Tyres Limited-43.86-85.66-81.67
95SREI Infrastructure Finance Limited-50.59-117.30-44.57
96Mcnally Bharat Engineering Company Limited-53.99-8.18-51.41
97Rolta India Limited-63.11-424.21-20.69
98Future Enterprises Limited-63.25-5.77-78.53
99Future Retail Limited-81.98-20.61-91.30
100Reliance Home Finance Limited-109.10-113.23-12.77


The stock market is characterized by high levels of volatility. The stock market requires investors to be well prepared and cautious when it comes to putting their hard-earned money into the Indian cheap shares. If you are considering making any kind of investment by list of cheap stocks in India 2023, it is highly advised that you do through research and consult with a financial advisor. Alternatively, you may do further research to get additional knowledge, information, and investment suggestions regarding the stock market or other investment opportunities.

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