Five Indian stocks are currently trading at attractive valuations according to Equitymaster's stock screener analysis. These companies demonstrate strong fundamentals with Power Finance Corporation (PFC) leading at ₹412 per share with a PE ratio of 5.2 and dividend yield of 4%. Kiri Industries follows at ₹394 with an exceptionally low PE of 0.5 and PB of 0.3, while Ashoka Buildcon trades at ₹123 with a PE of 4.3 and PB of 0.5. Tamil Nadu Newsprint is priced at ₹146 with a PE of 4.1 and PB of 0.4, and Indian Oil Corporation (IOC) is available at ₹139 with a PE of 4.6 and dividend yield above 5%.
The selected companies demonstrate robust financial metrics across multiple periods. PFC has achieved impressive CAGR of 11% in sales and 26% in net profit over the past five years, with ROE averaging 19% during the same period. Kiri Industries shows ROE and ROCE averaging 9% and 10% respectively over five years, while Ashoka Buildcon has delivered exceptional sales and net profit CAGR of 15% and 61% respectively with ROE and ROCE averaging 37% and 39% over the same period. IOC maintains steady performance with sales CAGR of 11% over five years, though profits have declined, while Tamil Nadu Newsprint has transitioned from losses to profits with revenue CAGR of 5%.
Several companies are pursuing significant expansion projects. PFC recently entered its first cross-border financing deal with Bhutan worth ₹4,800 crore for the 600 MW Khorlochhu Hydro Power Project. Kiri Industries is developing an integrated facility near Pipavav Port in Gujarat, featuring a 500,000 MTPA copper smelter, 350,000 MT phosphoric acid plant, and 1.05 million MT nitrogen-phosphorus-potassium fertiliser plant, expected to generate ₹12,000 crore revenue in the first year by FY27. Ashoka Buildcon maintains an unexecuted order book worth ₹15,930 crore and has established a subsidiary in Saudi Arabia for Middle East expansion. IOC operates as India's largest LPG producer with the highest refining capacity and dominates the domestic LPG market through its Indane brand.
These companies operate across diverse sectors with strong competitive advantages. PFC focuses on infrastructure finance with key roles in power generation, transmission, and distribution projects. Kiri Industries leverages backward integration by manufacturing 60% of intermediaries required for colour manufacturing in India. Ashoka Buildcon undertakes EPC contracts for roads, railways, buildings, and power with subsidiary ACL in renewable energy segments. Tamil Nadu Newsprint operates with 440,000 MTPA manufacturing capacity and benefits from strong domestic paper demand growth. IOC dominates India's energy sector as the largest refiner and fuel retailer, well-positioned to meet growing energy demand driven by economic growth and urbanisation.
