Top 10 Quality Stocks Trading at P/E below 10: Latest List #3

What is PE Ratio/ PE multiple and how is it calculated?

P/E Ratio or P/E multiple stands for Price to Earning Ratio, this is one of the most popular and proven tool of stock valuation. Price in stock market is more or less determined by P/E ratio. 

P/E = Price/EPS

 Or,

Price = PE x EPS

*P/E = Price to earning

*EPS = Earning Per Share

As a rule of thumb the lower P/E is, the lower valuation of stock is said to be. However, P/E ratio should not be the single parameter of stock valuation. It should be noted whatever PE multiple we see is the result of past performance of the stock but market always react on future growth potential of the company where you should look for 'Forward P/E'. At the same time investors should not ignore PE,because it reflects valuation trend of the stock. Some stocks tends to trade at higher PE where some of them trade at lower PE, confused? Let me explain in simple way; suppose a stock trading at normal valuation and there is news flash that the cost of raw material used by the company has declined significantly, how will you react? You should simply buy the stock because the overall cost of the company will come down due to which profit will certainly surge. Now come to P/E, due to increased profit the P/E of the stock must also come down. 

Here is the latest list of Top 10 Quality Stocks Trading below 10 P/E: 2018

Top 10 Quality Stocks Trading at Low P/E: Latest List #3 

1. Chennai Petroleum @ 352, P/E: 5.64

2. Dewan Housing finance Ltd (DHFL) : @582 P/E : 5.90

3. Indian Oil Corporation (IOC) @ 363.20 P/E: 8.88

4. GSFC @ 125.95  P/E : 9.91

5. PTC India @ 98.30 P/E: 8.72

6. PTC India Financial Services (PFS) @30.40 P/E : 7.89

7. NHPC @ 26.60  P/E 9.96

8. SJVN @ 34.50 P/E 9.86

9. Cosmo Films @ 291.25, P/E 6.58

10. Deep Industries @ 193.55 P/E 7.68

Most Searches; Stocks with pe less than 10, low PE stocks in India 2018, high EPS and low P/E Indian stocks NSE BSE,  low P/E stocks below 10 in F&O, Stocks with low P/E ratios and high dividend yield, high eps Indian stocks, Cheap valuation stocks to buy now in India, Latest low pe multibagger stocks to buy, stocks with low pe ratios and high dividends in India, Multibagger stock with low P/E, Low price high growth stocks

Top 10 Quality Stocks Trading at Low P/E: Latest List 2018

Chennai Petroleum: Buy This Multibagger Stock

Stock Idea; Chennai Petroleum Corporation Limited (CPCL)

CMP:    352.35 INR (As on 22nd Feb, 2017)                                     Target price : INR 510*

Chennai Petroleum.

Chennai Petroleum is one of the best stocks in refineries sector trading at a very low PE. This is a buy for a number of other reasons. Chennai Petroleum is a company that is into crude oil refining.

About the company

Chennai Petroleum Corporation Limited (CPCL) is an Indian state-owned oil and gas corporation headquartered in Chennai, India. Formed as a joint venture between Government of India, AMOCO and National Iranian Oil Company (NIOC), it was formerly known as Madras Refineries Limited (MRL). Chennai Petroleum is a public sector undertaking (PSU) and categorized as Miniratna-I.

Product portfolio;

The main products of the Chennai Petroleum are;

• LPG,
• High Speed Diesel,
• Motor Spirit,
• Bitumen,
• Lube Base Stocks,
• Superior Kerosene,
• Aviation Turbine Fuel,
• Naphtha,
• Paraffin Wax,
• Hexane,
• Petrochemical Feed Stocks and
• Fuel Oil.

Fundamentals;

Mar'17
(In Rs Cr)

Total Share Capital	1,149.00
Net Worth	4,441.10
Total Debt	4,497.72
Net Block	3,882.83
Investments	140.00
Total Assets	8,938.81

Valuation;

MARKET CAP (RS CR):    5,427.08

EPS (TTM):             60.81

P/E :                        5.99

INDUSTRY P/E:          9.56

BOOK VALUE (RS):   222.53

PRICE/BOOK:            1.64

DIV (%):                      210.00%

DIV YIELD.(%):         5.76%

FACE VALUE (RS):   10.00

Why Chennai Petroleum is a multibagger stock?

Chennai Petroleum is a multibagger stock which has risen from Rs. 51.75 in October, 2013 to Rs. 480 in October, 2017 i.e. it delivered more than 800% profit in just 4 years. Chennai Petroleum witnessed a fantastic years even in 2017-18 and the same trend is expected to continue.

The company has already reported an EPS of Rs 50 in the last three quarters of FY 2017-18.  An another Rs 15 to 18 EPS is expected in the fourth quarter, if it is then the twelve month trailing  (TTM) EPS will come around Rs 65 to 68. Hence at a current price of Rs 353 the stock of Chennai Petroleum is trading around P/E multiple of 5 only and at this price valuation is mouth watering. 

Chennai Petroleum is one of the best stocks in refineries sector trading at a very low PE. This is a buy for a number of other reasons. Chennai Petroleum is a company that is into crude oil refining. As long as crude oil prices remain subdued there is a complete scope for the stock price to rally. The company has also known for excellent dividend yield track record it recently declared a stupendous dividend of Rs 21 per share accounting for a tax free dividend yield of Rs. 5.75 % at current share price of Rs 353. 

Technical;

 On yearly chart the stock of Chennai petroleum is trading at Rs. 353 (as of 21th feb, 2018), it has support at Rs. 339 which is it’s 52 week low price too. On the top line it has made high of Rs. 480. Hence as a rule of thumb it is a buy at current price with a target of 475-480 (35% upside) with a stop loss of Rs. 335-340. Risk reward ratio is highly favorable in this stock.

Threats;

Chennai Petroleum is a company that is in crude oil refining business and therefore heavily depended on crude prices.

  

Other factors related to Chennai Petroleum

Mutual Funds Holding (As of 20^th Feb, 2018)

SCHEME	NO. OF SHARES
Aditya Birla Sun Life Bal. 95 Fund (G)	1,963,018
Aditya Birla Sun Life Pure Value Fund (G)	1,389,428
Aditya Birla Sun Life Small and Midcap Fund	681,710
Aditya Birla Sun Life Frontline Equity Fund	313,295

*Broker’s View;

KR Choksey in it's research report said that they expect Chennai Petroleum to fetch an EPS of INR 68.48 for FY18E, INR 107.05 for FY19E and INR 124.95 for FY20E. While at  CMP of INR 426, the stock is trading at 3.98x of its FY19E earnings and at 3.41x of its FY20E earnings. We recommend a BUY rating with a target price of INR 510. find detail report on chennai petro here here>>>

Suzlon Energy~ A Multibagger in making | 2018

"No Shares are good but the price you enter makes it good" 

NSE: SUZLON - 20th Feb, 2018              Closing Price 13.00

 About Suzlon Energy Limited 

Suzlon Energy is the pioneer and leader in renewable energy solutions business. Suzlon is the market leader in India with global presence in Asia, Australia, Europe, Africa, North and South America. Over the past two decades, Suzlon has expanded and strengthened its presence in 19 countries. The group has 15 manufacturing plants in India and China as joint venture. With dynamic employs more than 8,000 employees, Suzlon is proud to promote a culture that respects and empowers the community as the most valuable assets of the company. Suzlon Energy is the market leader in India with more than 100 wind turbines with an installed capacity of over 10 GW distributed in 9 countries. Suzlon is credited with the development of a number of Asia's largest operational offshore wind farms in Gujarat, Rajasthan, Maharashtra and Tamil Nadu. These Kutch (Gujarat) and Jaisalmer (Rajasthan) from Suzlon wind farm to date have a cumulative installation of about 1,200 MW each. Suzlon diverse customer portfolio includes companies from a wide range of industries, including private and public companies, energy suppliers and independent power producers. To Know more about Suzlon Energy Limited and its product portfolio you may visit its official site here>>>

 Key numbers; (Standalone) 

• MARKET CAP (RS CR): 9,596.60 
• P/E: 44.42
• BOOK VALUE (RS) : 1.23
• DIV (%) : 0.00%
• INDUSTRY P/E: 28.72
• EPS (TTM) : 0.43
• P/C : 25.13
• PRICE/BOOK : 15.53
• FACE VALUE (RS) : 2.00

*Source: moneycontrol as on 29-03-2017

Inception of a turnaround story.....The worst is over now

Best buy 2018 ~10 Small Cap Stocks Trading Below 50

Here is the latest list of some of the quality small cap stocks trading below Rs. 50 as of 19th Feb, 2018.
Tags; Top shares to invest,,most active shares below rs 50, best share to buy below 50 rs, best stocks to buy under rs 50, below 50 rupees shares NSE, list of NSE BSE stocks below Rs. 50, stocks below rs 50 India, below 50 rs shares in BSE. 

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1. First Source Solution Limited (FSL) @45.75

2. PTC India Financial Services (PFS) @ 31.65

3. SJVN @ 37.05

4.NHPC @ 28.25

5. Future Enterprises @ 42.20

6. Future Consumer @ 59.05

7. Sintex Industries @ 21.50

8. Sumeet Industries @ 25.60

9. Tanla Solution @ 30.90

10. Ujaas Energy @ 21.15

Read also; 

• Top 10 Low Priced Stocks with Sound Fundamentals
• Nifty likely to Hold 10k ; Best Stocks to Buy Now

Upcoming Posts;

• Small cap stocks list moneycontrol
• Top small cap stocks to buy now
• indian small cap stocks with big potential
• Best small cap stocks for 2018 india
• small cap stock recommendations
• below 50 rs shares in nse
• small cap stocks to buy and hold
• stocks below rs 50 in nse
• Best Multibagger Stocks below 50

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Stocks likely to be in action today

Here is a list of top stocks that are likely to be in action today i.e. on 6th December, 2017; 

Bharti Airtel: CLSA has reiterated ‘buy’ rating with a target price of Rs 640 on account of improvement in tenancy growth, sustained margin and profitability of the company. 

Reliance Communications: Two major Chinese lenders of the company plan to support a move by China Development Bank to put the company into insolvency court.

Atul Auto: Net profit of Atul Auto rose 23.51 per cent to Rs 16.97 crore in the quarter ended September 2017 as against Rs 13.74 crore during the previous quarter ended September 2016 while revenue rose 11.35 per cent to Rs 158.90 crore in the quarter ended September 2017 as against Rs 142.70 crore in same period.

Rico Auto: Net profit of the company declined 36.59 per cent to Rs 11.94 crore in the quarter ended September 2017 as against Rs 18.83 crore during the previous quarter ended September 2016. While topline revenue rose 10.78 per cent to Rs 299.99 crore in the quarter ended September 2017 as against Rs 270.79 crore during the same period.

VRL Logistics: HSBC has retained ‘buy’ rating on VRL Logistics with a target price of Rs 480. 

5paisa Capital: Nirmal Jain the promoter of the company bought 1.28 lakh shares or 1 per cent as additional stake at Rs 191.22 per share. 

Idea Cellular: There is news in Dalal Street that Idea-Vodafone merger is likely to close faster.

Reliance Power: Asian Development Bank (ADB) has approved debt financing and partial risk guarantees totalling $583 million, or about Rs 3,754 crore.

Lux Industries: Lux Industries reported a 21.74% Year on Year decline in net profit at Rs 13.32 crore for the quarter ended September 30 compared with Rs 17.02 crore profit during the same quarter last year while operating revenue declined 14.69 per cent YoY to Rs 223.44 crore for the  same quarter. 

Dalmia Bharat Cement: Dalmia Bharat Cement has entered into an agreement with the Piramal Bain Resurgence Fund to bid for debt-laden Binani Cement.

Sanofi: Pharmaceutical company Sanofi will continue to seek Phase III clinical trial waiver in India for dengue vaccine.

Tags; All company share price today, compare stocks moneycontrol, stocks to buy today, market action stocks, live share price list, share price list of all companies, stocks to buy today intraday, share market price of all companies, list of companies with sound fundamentals and news.

Nifty likely to Hold 10k Support level; Best Stocks to Buy Now

Indian market corrected sharply after making record high in November series. It failed to sustain and trade beyond that level. Today on 5th December, 2017 Nifty made low of 10,069 but Dalaal street's stock pundits  believe it should pause here and should make upward journey soon. They believe a sustained trading above 10k mark and any short covering from this level can push indices to 10350 level again on account of AB=CD chart pattern on Nifty.

Read also; Top 10 Low Priced Stocks with Sound Fundamentals

__________________________________________

"Present post is for education purpose only and should not be taken as stock recommendation. The price targets mentioned in this post are given by respective brokerage houses, read disclaimer at the footnote of this blog page before making any position in the stock."

__________________________________________

Nifty likely to Hold 10k Support level; Best Stocks to Buy Now

Here is the top pick by market experts for handsome return;

• 1. Gujarat Fluorochemicals Ltd @ 887.50
• 2. NMDC: @ 132.20
• 3. Balrampur Chini Mills Ltd : @ 151.50
• 4. Asian Paints @ 1,112.95
• 5. Coffee Day Enterprises @ 264.45
• 6. GlaxoSmithkline Pharma @ 2457.95
• 7. Nestle @ 7687.25
• 8. Marico @ 309.30
• 9. Hathway Cable @ 37.90
• 10. Shree Cements @ 16,951.95
• 11. Shriram City Union Finance @ 2,082.75
• 12. Colgate Palmolive India @ 1,038.00
• 13. LIC Housing Finance @ 563.90
• 14. IDFC Bank @ 53.65
• 15. Mindtree @ 540.90
• 16. Persistent Systems @ 650.00
• 17. Wipro @ 284.40

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Top 10 Low Priced Stocks with Sound Fundamentals

Tags: Top 10 Small Caps 2017 | Top 10 Low priced Stocks | Top 10 Mid Cap BSE | Top 10 Multi-Bagger Ideas | Top 10  Investing in Penny Stocks | Top 10 Trading Tips | Top 10 multibagger stock in 2017 | Top 10 Sound Fundamentals Stocks | Top 10 penny stock BSE-NSE | Multibagger Stocks | Hidden Gems | 

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Top 10 small caps with Sound Fundamentals

Today we will check "Top 10 Low priced Stocks with Sound Fundamentals", these stocks are currently unnoticed to institutional buyers and common traders/investors; once they come to the notice; their sound fundamentals and growth potential will help them to fly like anything. After checking their fundamental and shareholding patterns we have shortlisted some of the bullish Low priced Stocks for you;

__________________________________________

"Present post is for education purpose only and should not be taken as stock recommendation. The price targets mentioned in this post are given by respective brokerage houses, read disclaimer at the footnote of this blog page before making any position in the stock."

__________________________________________

Top 10 Low priced Stocks with Sound Fundamentals

1. PTC India Financial Services Ltd (PFS) @ 40.90

2.     Future Enterprises Ltd - FEL @ 33.45

3. Manali Petrochemicals Limited (MPL) @ 37.95

4. SJVN @ 32.80

5. Suzlon Energy Limited @ 18.80

6. Trident @ 80.45

7. Firstsource Solutions @ 33.45

8. Genus Power @ 50.20

9. Sintex industries ltd @ 31.95

10. South Indian Bank @ 28.47

"Please feel free to comment for any inquiry/suggestion on present post "Top 10 Low priced Stocks with Sound Fundamentals".

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Market at peak; Top 10 Mid cap & Small cap stocks that can return upto 50%

This year, the stock market witnessed a secular bulls race behind the steep inflows of foreign funds and the strong involvement of domestic investors, in a sense, that fueling various reform initiatives and plans for governments Promote economic growth inches.

To give perspective, the Sensex benchmark between May 16, 2014 and May 25, 2017, a huge 6.628 points, or 27.5 percent, rose when the index closed at a record level of 30,750.03.

Not just that, the broader markets, too, showed exemplary performance on the bourses with the BSE Small-cap Index zooming 88 percent and BSE Mid-cap Index spurting 83 percent during the period under review.

We have prepared a list of 10 small & mid cap stocks from different brokerage which investors can bet on every dip for a time horizon of 12 months:

Top 10 Mid cap & Small cap stocks recommendation by Broking Houses

Alkem Laboratories: CMP Rs. 1862*

BUY| Target Rs 2257

Angel Broking has given a price target of Rs. 2,257 with Buy rating. The broking house believes robust growth in domestic pharma business on back of its leadership in the acute therapeutic business. Not only domestic business but also this pharmaceutical company is all set to launch more products in the USA market.

Key Numbers:

• MARKET CAP (RS CR) :22,313.22
• EPS (TTM) : 67.89
• P/E : 27.49 
• INDUSTRY P/E : 25.26
• BOOK VALUE (RS) : 292.95
• DIV (%) : 635.00%
• DIV YIELD.(%) : 0.68%
• PRICE/BOOK :6.37
• FACE VALUE (RS) : 2.00

Dewan Housing Finance:  CMP Rs. 411*

BUY| Target Rs 520| Return 28%

Angel Broking maintains a buy recommendation on Dewan Housing with a target price of Rs 520. Dewan Housing Finance (DHFL) has a focus on the low and medium income (LMI) consumer segment. It has increased its presence in tier-II & III cities where the growth opportunity is immense.

Dewan Housing Finance (DHFL) focuses on the Small to Medium Income segment (LMI). It has its presence in Tier II and III cities where growth opportunities are huge and increasing more and more. 

Standalone Numbers;

• MARKET CAP (RS CR) : 12,889.34
• P/E : 4.45
• BOOK VALUE (RS) : 249.39
• DIV (%) : 80.00%
• INDUSTRY P/E : 25.33
• EPS (TTM) : 92.49
• PRICE/BOOK : 1.65
• DIV YIELD.(%) : 1.94%
• FACE VALUE (RS) : 10.00

Jagran Prakashan: CMP Rs. 179*

BUY| Target Rs225| Return 23%
Angel Broking has given a 12-month price target of Rs 225 with buy rating on Jagran Prakashan. The economic recovery should have a positive impact on the growth in advertising and circulation. In addition, the acquisition of a radio business (Radio City) would also increase the company's revenue growth, said the report by Angel Broking.

CESC: CMP Rs. 895

BUY| Target Rs 910| Return 7%

Edelweiss has given a price target of Rs 910 and maintains a Buy rating on CESC. CESC recently has undermined it's operations in 4 different segments; manufacturing, distribution, retail and IT & mall.

While the participation of the new companies would be similar to CESC, the split is a relatively logical division and one that seems appropriate to investors. It retains the intrinsic value and offers potential shareholders a more specific investment / game and a certain value / multiple expansion.

"We believe that the restructuring of the business segments (split between generation, sales and retail) will reposition the CESC in a way that will focus on every business segment," the note said.

Standalone Numbers;

• MARKET CAP (RS CR) : 11,901.63
• P/E : 13.79
• BOOK VALUE (RS) : 660.86
• DIV (%) :100.00%
• INDUSTRY P/E :15.27
• EPS (TTM) :65.10
• PRICE/BOOK :1.36
• DIV YIELD.(%) : 1.11%
• FACE VALUE (RS) : 10.00

Cholamandalam Invest & Finance (CIFC) : CMP Rs. 995*

 BUY| Target Rs 1140| Return 12%

Axis Securities has given a 12-month price target of Rs 1140 and maintains a buy rating Cholamandalam (CIFC). Cholamandalam Invest & Finance is now a Pan-India player with presence across 25 states via its over 700 branches and growing presence in Loan against property business (now 30% of AUM).

Standalone Numbers;

• MARKET CAP (Rs. Cr.) :15,937.96
• P/E : 22.18
• BOOK VALUE (Rs.) : 280.03
• DIV (%) : 45.00%
• INDUSTRY P/E : 35.01
• EPS (TTM) : 45.99
• PRICE/BOOK :3.64
• DIV YIELD.(%) : 0.44%
• FACE VALUE (RS) :10.00

Brokerage House Prabhudas Lilladher's Top pics

Glenmark Pharma: CMP Rs. 611*

BUY| Target Rs 974| Return 45%

Prabhudas Lilladher  has given a 12 month price target of  Rs 974 with Buy rating and believes that the company's rating is severely affected by the post-strong performance of Q4 FY-17 and it trades at a PE of 17x and 13x FY18-E and FY19-E earnings. Prabhudas Lilladher believes that current rating underestimates US growth potential in core business and gradually reduces gross debt while it unnecessarily overestimates the number of risks associated with ROW. 

Indraprastha Gas Ltd (IGL) : CMP Rs. 984

BUY| Target Rs 1,149| Return 16%

It is expected that IGL will report healthy volume growth over the medium term supported by the constant conversion of private vehicles and taxis. The increase in legal activism in view of greater pollution will make CNG the preferred choice of fuel. Prabhudas Lilladher has given a 12 month price target of Rs 1149 with Buy rating.

Jindal Steel & Power Ltd: CMP Rs. 118*

BUY| Target Rs 180| Return 59%

Jindal Steel & Power Ltd trades at cheap valuations with P/B of 0.7x, EV/EBITDA of 6x and EV/T of US$710, the domestic brokerage firm Prabhudas Lilladher values the stock at Rs180 with an estimated growth of this steel business at 6.5x FY19 and power operations (2,400MW) at Rs45m/MW. Supported by a wealthy portfolio of value-added products in slabs, RUBM, Rebar, MLSM; JSPL is the best placed to take advantage of the demand from a turnkey oil refinery, windmill, railways, defense and construction industry.

JK Lakshmi Cement: CMP Rs. 475*

 BUY| Target Rs 625| Return 28%

JK Lakshmi cement a well-know brand in Indian cement sector and with a 7% market share in the region, it is the fifth largest cement producer in North India. Growth of JK Lakshmi cement is well poised as one of the most efficient operations. It has a strong entry into the most profitable eastern region with a capacity of 2.7mtpa along with increasing consolidation in Gujarat. JKLC is one of the top pick of Prabhudas Lilladher in cement sector with 12 month target price of Rs. 625 at EV/EBITDA of 12x FY19E.

Sadbhav Engineering (SEL): CMP Rs. 315*

BUY| Target Rs372| Return 17%

The stock is trading at core PE of 15.1X FY18E earnings. Prabhudas Lilladher continues to believe SEL will be the key beneficiary of strong outlook in road sector and improving outlook in Mining and Irrigation sector notwithstanding the current quarter's under-performance. A sound budget and strong management team give us more comfort. Real Estate Company expects the company to deliver a CAGR of 23 percent of FY16-18E earning law. Healthy balance sheet and strong management continue to give us additional comfort. The brokerage firm expects the company to deliver 23 percent earning CAGR over FY16-18E.

*All prices are derived from NSE as on 25/05/2017

 Top 10 Mid cap & Small cap stocks that can return up-to 50%

Disclaimer:
The views and investment tips expressed by investment experts on Money n Business are their own, and not that of the website or its management. Money n Business advises you to check with SEBI certified experts before taking any action.

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