Best Stocks Under 100 in India 2024

  • 24 Mar 2024
  • Read 17 mins read

The term "stocks under 100" refers to stocks priced below ₹100 per share, making them accessible for beginners with limited capital. Investing in these stocks can help diversify your portfolio and reduce risk. It allows you to invest in multiple companies across different sectors, potentially reducing risk. Some smaller or less well-known companies offering stocks under Rs. 100 may also offer exposure to companies with significant growth potential. This blog is designed for beginners or those interested in learning more about the best share under 100.

In this blog, We will discover the best stocks under 100, how to invest in them, how to identify such stocks, and what benefits these stocks can provide. 

List of Best Stocks Under Rs 100 in India

Here are the best stocks below 100 in India:

Stock Name

Segment

Market Cap (In ₹ crore)

5Y CAGR (%)

52 Week High

52 Week Low

NHPC Ltd

Utilities

₹ 85,222 

25.2

₹ 115.85

₹ 38.70

IDFC First Bank LTD

Finance

₹ 55,283 

8.2

₹ 100.70

₹ 52.10

Suzlon Energy Ltd

 Energy 

₹ 52,408

41.8

₹ 50.60

₹ 6.95

SJVN Ltd

Renewable Energy

₹ 45,035

32.9

₹ 170.50

₹ 30.40

Bank of Maharashtra

Finance

₹ 41,511

32.4

₹ 69.45

₹ 22.80

Equitas Small Finance Bank Ltd

Finance

₹ 10,753

22.8

₹ 116.50

₹ 61.80

Trident Ltd.

Textiles

₹ 19,441

39

₹ 52.90

₹ 25.05

Motherson Sumi Wiring India Ltd

Auto Ancillaries

₹ 28,272 

6.8

₹ 74.80

₹ 45.15

Disclaimer - The market capitalization, CAGR, and 52-week high & low mentioned above are accurate as of 14th March 2024. However, it's important to conduct thorough research before making any investment decisions in these stocks.

 

Best Stocks watch Under ₹100 Based on Net Profit Margin 

Here are the best stocks watch under ₹100 Based on net profit margin:

S.No

Stock Name

Market Cap (In ₹ crore)

5Y CAGR (%)

1.

              Suzlon Energy Ltd

₹ 52,408

41.8

2. 

Easy Trip Planners Ltd

₹ 8,062 

26.2

3. 

MMTC Ltd

₹ 10,312

18.8

4. 

NHPC Ltd

₹ 85,222

 

25.2

Disclaimer -  The market capitalization and CAGR mentioned above are accurate as of 14th March,2024. However, it's important to conduct thorough research before making any investment decisions in these stocks.

Best Stocks Under ₹100 on Debt-To-Equity Basis

Here are some of the best stocks under ₹100 on a debt-to-equity basis:

S.NoStock Name

Market Cap (In ₹ crore)

5Y CAGR (%)

1.Brightcom Group Ltd

₹ 3,362.86 

61.9

2.Infibeam Avenues Ltd

₹ 10,405

25.6

3.MMTC Ltd

₹ 10,312

18.8

4.NMDC Steel Ltd

₹ 16,089.03 

10.3

Disclaimer - The market capitalization and CAGR mentioned above are accurate as of 14th March 2024. However, it's important to conduct thorough research before making any investment decisions in these stocks.

Overview of Stocks Under 100 Rupees

Here is the detailed view of stocks under 100 rupees:

  1. NHPC LTD

    Established in 1975, NHPC Limited (formally stands for National Hydroelectric Power Corporation), is a public-sector hydropower company. It is a Mini Ratna Category-I Enterprise of the Indian government and is ranked among the top ten enterprises in India in terms of investment basis. The company has shown a strong interest coverage ratio of 9.46. Over the last 5 years, it has maintained an effective average operating margin of 53.19%. The promoter holding is high by 70.95%. The company has a strong degree of operating leverage, and the average operating leverage stands at 4.99. But for the past 3 years, it has shown poor profit growth of 8.43%.
  2. IDFC First Bank LTD

    IDFC First Bank LTD provides banking services. On December 18, 2018, it became operational from the merger of Erstwhile IDFC Bank and Erstwhile Capital First. For the last three years, the company has consistently kept a NIM of 5.28%. The CASA of the company stands at 49.77% of total deposits. The company has generated strong profit growth of  41.79% over the last three years. In the last three years, the strong advances growth of the company is 21.04%. The Good Capital Adequacy Ratio of 16.82%. The ROA track record of the company is low.
  3. Suzlon Energy Ltd

    Suzlon Energy LTD was established in 1995 and manufactures wind turbine generators and associated parts. Over the last three years, the firm has achieved an average of 38.56% profit growth. The revenue growth of the company is also good at 112.16% for the past 3 years. The debts have also decreased by 1,929.23 Cr. The cash conversion cycle is efficient at -31.96 days.
  4. SJVN Ltd

    SJVN is in the business of producing electricity. The organization also offers consulting services for projects using hydropower. Over the last five years, the company has consistently maintained an effective average operating margin of 75.82%. The business has a 61-day effective cash conversion cycle.
  5. Bank of Maharashtra

    Established in 1935, the Bank of Maharashtra is a financial organization with a market capitalization of Rs 38,381.05 crore. For the year ending March 31, 2023, the Bank of Maharashtra's principal product and revenue segments are Interest & Discount on Advances & Bills, Income From Investment, Interest on Reserve Bank of India, and Other Interbank Fund Balances.
  6. Equitas Small Finance Bank Ltd

    Established in 2016 as a microfinance lender, Equitas Small Finance Bank (formerly known as Equitas Microfinance Ltd) is a small finance bank. It is a subsidiary of Equitas Holdings Ltd, headquartered in Chennai. The bank has had a strong return on assets (ROA) of 1.56% for the past three years.
  7. Trident Ltd

    Established in 1990, Trident Ltd produces, distributes, and shops in Terry Towels & Bed Sheets, Paper & Chemicals, and Yarn. The bank had a strong return on assets (ROA) of 1.56% for the past three years. The firm has generated an acceptable profit rise of 33.03%.
  8. Motherson Sumi Wiring India Ltd

    Motherson Sumi Wiring India Ltd. produces and distributes wire harnesses, wires, and components to automobile original equipment manufacturers. The business was established on July 2, 2020, in Mumbai, India. The company's interest coverage ratio of 24.46 is good. With a cash conversion cycle of 21.41 days, the firm operates efficiently.

How to Identify the Stocks Under 100 Rupees?

Identifying shares under Rs 100 using financial ratios and market indicators:

  • Stock Price: Look for energy stocks under 100 with a current market price below 100 Rs.
  • Earnings Per Share (EPS): Evaluate the company's EPS, a higher EPS indicates more earnings per outstanding share.
  • Price-to-Earnings (P/E) Ratio: This ratio compares the stock price with earnings; a lower P/E ratio may suggest undervalued.
  • Dividend Per Share (DPS): Look for the best share under 100 that pays dividends.
  • Net Profit Margin: Evaluate the ratio of net profit to revenue; a higher margin indicates efficient cost management and profit generation.
  • Debt-to-Equity Ratio: Lower ratios suggest lower debt relative to equity and less risk.
  • Current Ratio: Above 1 indicates more assets than liabilities, a positive sign of liquidity and financial health.

How to Invest in Stocks Under 100 Rupees?

Purchasing stocks under Rs 100 provides a variety of options for those wishing to expand their investment portfolios. Mutual funds and exchange-traded funds (ETFs) offer diversified exposure to these equities as an alternative. Furthermore, taking part in DRIPs, or dividend reinvestment programs, can diversify risk and allow investors to participate in the top long-term Indian companies under 100 rupees through each of these channels.

Considerations for Investing in Stocks Under 100 Rs

There are a few important things to consider while investing in companies that are less than 100 rupees. One of the most notable features of value investing is the low initial investment required. Yes, your financial status matters, but not in the way you may imagine. Your long-term perspective and a lot of patience are required. Value investing is based on patience, which even individuals who have trouble managing their finances can practice.

Finding the best stocks for less than Rs. 100 is crucial, as it requires patience to see your investments grow over time. The following are some important points to keep in mind:

  1. Risk Tolerance: Before purchasing stocks priced under 100 Rupees, ascertain your level of risk tolerance. Compared to higher-priced equities, lower-priced stocks may be more risky and volatile.
  2. Financial Health: Before investing, evaluate the company's financial standing. Examine important financial indicators, including cash flow, debt levels, profitability, and revenue growth. Ensure that the company's business strategy is sustainable and its balance sheet is sound.
  3. Growth Potential: Examine the firm's and industry's prospects for expansion. Consider factors such as market trends, the competitive landscape, and the company's ability to capitalize on growth opportunities. Look for companies with excellent expansion prospects but a lower stock price.
  4. Industry Outlook: Examine the business's sector and industry. Consider the industry's growth potential and long-term outlook. Invest in industries with bright futures and room to develop.

Benefits of Buying Stocks Under Rs 100

For several possible reasons, investors frequently think about purchasing stocks for less than 100 rupees. 

  1. Affordability:

    All individuals can purchase these company stocks; it is not necessary to be financially well-off to become a value investor. Your past academic performance and financial situation are irrelevant; what matters is you have a long-term outlook on the stock market and a track record of patience.
  2. Possibility of price gain:

    Compared to higher-priced companies, lower-priced companies can offer more potential for price gain. Investors should also make sure that the equities they are purchasing are from financially stable firms and future leaders. This guarantees that the investor will be able to make money by holding them for an extended period and not losing the money in the next years.
  3. Lowest Risk Investment:

    Due to its lack of instability and short-term nature, value investing has been identified as the least dangerous stock market investment technique. Buying stocks for less than 100 rupees demonstrates the buy-and-hold principles of value investing, which are highly praised by investors and shareholders who wish to avoid being taken over by the daily changes in the market.

Conclusion
Finally, buying stocks for less than ₹100 might be a smart investment. When combined with a long-term outlook, diversification, risk awareness, and careful research, these companies may present growth prospects. In the ever-changing stock market, keep yourself updated and modify your plan of action as necessary. Get more insights by opening a Demat account on an online trading app in India. 

Disclaimer - The stocks mentioned above are based on current market trends and may fluctuate in value. Before investing in any of these stocks, it is important to conduct thorough research or consult with a financial analyst. Investors are advised to exercise caution and diligence when making investment choices.

FAQs on Best Stock Under 100

To buy stocks under 100 you should do some research and analysis of companies that have strong growth potential in the future. 

Yes, shares can be purchased for less than Rs. 100. Companies whose shares are traded for less than Rs. 100 are listed on several stock exchanges worldwide. 

Stocks under 100 rupees are good investments because they are affordable, provide high returns, and involve low risk. 

To find the best stocks for less than 100 rupees you can check the lists mentioned above. 

No. Several factors affect share price, but the most important one is the number of shares. The number of shares can be calculated by dividing the equity capital by the face value.