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Top 5 low PE Multibagger stocks

28 March 20244 mins read by Angel One
In the following article we explore the top 5 stocks that have tripled and doubled in their stock prices with a price to earnings below 10.
Top 5 low PE Multibagger stocks
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In the hunt for explosive growth, investors often turn to multibagger stocks – companies that deliver exceptional returns. But how do you find these hidden gems while minimizing risk? This article explores the exciting world of low PE multibaggers. We’ve identified five companies trading at a Price-to-earnings ratio below 10. We have focused on companies that have skyrocketed over 100% in the past year. Dive in and discover the top 5 low PE multibagger stocks that might be the perfect fit for your growth portfolio.

Top 5 low PE Multibagger stocks

Mangalore Refinery and Petrochemicals Ltd

With a current market price (CMP) of Rs 219.80 and a market capitalization of Rs 38,522.16 crore, Mangalore Refinery and Petrochemicals Ltd exhibits a relatively low price-to-earnings (P/E) ratio of 8.82. Over the past year, the stock has seen a remarkable return of 329.94%, outperforming its historical performance with a 3-year return of 78.39% and a 5-year return of 24.21%.

Chennai Petroleum Corporation Ltd

Chennai Petroleum Corporation Ltd, trading at Rs 920.85 with a market cap of Rs 13,712.49 crore, boasts a notably low P/E ratio of 4.41. Its exceptional one-year return of 285.33% showcases strong market performance, complemented by a commendable 3-year return of 112.34% and a 5-year return of 27.30%.

REC Ltd

REC Ltd stands out with a CMP of Rs 450.30 and a substantial market capitalization of Rs 1,18,574.09 crore. Its P/E ratio of 9.02 indicates a reasonable valuation. The stock has demonstrated impressive returns, with a one-year return of 284.97%, a 3-year return of 65.4%, and a 5-year return of 31.19%.

Power Finance Corporation Ltd

Power Finance Corporation Ltd, priced at Rs 389.10 with a market cap of Rs 1,28,406.97 crore, maintains a moderate P/E ratio of 6.82. Over the past year, the stock has delivered a solid return of 217.98%, along with a 3-year return of 61.29% and a 5-year return of 31.31%. These figures indicate a strong track record of growth and profitability in the power finance sector.

Adani Power Ltd

Adani Power Ltd, trading at Rs 521.85 with a substantial market cap of Rs 2,01,274.35 crore, exhibits a P/E ratio of 8.62. The stock has displayed robust performance, with a one-year return of 183.04%, a remarkable 3-year return of 76.34%, and an impressive 5-year return of 60.70%. Adani Power’s consistent growth and investor appeal underscore its position as a key player in the power generation industry.

Quick View

S. No. Name CMP (Rs) Mar Cap (Rs Cr) P/E 1 Year return % 3 Years return % 5Years return %
1 Mangalore Refinery and Petrochemicals Ltd 219.80 38522.16 8.82 329.94 78.39 24.21
2 Chennai Petroleum Corporation Ltd 920.85 13712.49 4.41 285.33 112.34 27.30
3 REC Ltd 450.30 118574.09 9.02 284.97 65.4 31.19
4 Power Finance Corporation Ltd 389.10 128406.97 6.82 217.98 61.29 31.31
5 Adani Power Ltd 521.85 201274.35 8.62 183.04 76.34 60.70


Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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