16 Best Penny Stocks To Buy In India Under INR 100 (2022)

With a good understanding of companies holding penny stocks, you can invest your money wisely with better returns. This article will provide a list of well-researched penny stocks to buy in India in 2022.
16 Best Penny Stocks To Buy In India

The stock market is a great option when it comes to investing your hard-earned money. But penny stocks are always popular for getting a multifold return from shares.

One should know that there are many stories of penny stocks giving multi-bagger returns, but the failure stories are many more.

Penny shares normally belong to small and weak companies and can be easily operated by big players. This means that the price can suddenly skyrocket and hit the ground at an equal pace. This might even lead to defaulting of the company.

16 Best Penny Stocks To Buy In India

If you manage to research and find some fundamentally strong companies, then it is very likely that you will make a good hit out of your investment.

16 Best Penny Stocks To Buy In India

Don't worry if you can't do the research yourself; I have done the study and made a list of the 16 best penny stocks to buy in India in 2022. Here are the top 16 companies having penny stocks worth investing in.

1. TV18 Broadcast Ltd.

TV18 Broadcast Ltd.

TV18 Broadcast is India's largest news network focusing on business news, general news & regional news. It contributes 8.9% of Indian viewership.

The TV18 Group is owned by the largest Indian company, Reliance Industries, which makes the company capital rich.

The TV18 Group consists of 20 domestic TV channels that cover 15 languages, in addition to 10 entertainment channels in national and regional languages. The TV Broadcast brand reaches more than 800 million viewers annually, which is more than 95% of all TV homes in India.

The company is involved in film production as well and has created over 60 Hindi, 57 Hollywood, and 28 regional movies. TV18 can be considered a good penny stock to buy or invest in.

Company Financials:

  • Market Capitalisation ₹ 6,437 Cr.
  • Stock P/E (Price: Equity) 12.4
  • ROCE (Return On Capital Employed) 20.0 %
  • ROE (Return On Equity) 13.0 %

Key Points:

  • The company has reduced its debt.
  • The company has successfully delivered good profit growth of 144.64% CAGR over the last 5 years
  • Debtor payback days have been reduced from 92.31 to 72.05 days.

Also read: How to Invest In Share Market

2. Bank of Maharashtra

Bank of Maharashtra

Bank of Maharashtra is one of the commercial banks in India which serves quality banking services. The Bank has a variety of banking operations that include Treasury, Corporate Banking, Retail Banking, and Other banking activities.

The bank has spread its branches all across India, presently having 1,833 branches and 1,850 ATMs.

The bank has the maximum exposure of 15.1% to the agriculture industry, followed by Housing (14%), Infrastructure (11%), Trade (8.6%), NBFC (4.4%), Professional Services (4.4%), HFCs (3.5%) and others.

With good fundamentals, the stock is offered at a very discounted rate and holds the potential of being a multi-bagger. One can study the company's data and add it to their list of penny stocks to buy.

Company Financials:

  • Market Capitalisation ₹ 11,206 Cr.
  • Stock P/E (Price: Equity) 8.5
  • ROCE (Return On Capital Employed) 3.92 %
  • ROE (Return On Equity) 8.74 %

Key Points:

  • The price of the stock is 0.80 times its book value.
  • The company has given a good profit growth of 23.30% CAGR over the past 5 years.

3. Trident Group

Trident Group

Leading producer of yarn, bed linen, bath linen, and paper made from wheat straw, Trident Group also produces chemicals.

The company has a global presence across 6 continents and 150 countries and has further expansion plans.

The industry overview shows India’s domestic textile & apparel market is estimated to be US$ 99 billion in 2021-22, which has recovered 30% from 2020-21. By 2025–2026, the market is projected to grow at a 10% CAGR, reaching US$ 190 billion.

The company proposes to expand in the state of Madhya Pradesh with a total capital of Rs 7,200 Cr by 2025. The company is also constantly working on reducing its debts. 

Company Financials:

  • Market Capitalisation ₹ 19,594 Cr.
  • Stock P/E (Price: Equity)  23.4
  • ROCE (Return On Capital Employed) 23.4 %
  • ROE (Return On Equity) 23.4 %

Key Points:

  • The company is anticipated to give a good quarter
  • The company has shown respectable profit growth over the last five years, with a CAGR of 19.94%.
  • The company has continued to distribute a significant dividend of 45.01%.

4. MMTC Ltd.

 MMTC Ltd.

Metals and Minerals Trading Corporation of India (MMTC) is one of the two highest earners of foreign exchange for India.

The Ministry of Commerce & Industry and the Government of India have administrative control over the company.

This means that they are in charge of its day-to-day operations. It deals with the trading of metals, precious metals, minerals, chemicals, coal, etc.

The company holds a stake in several joint ventures such as 6% equity capital in Indian Commodity Exchange Limited, Currency Futures Exchange Ltd equity, and JV for refinery having medallion manufacturing unit in collaboration with PAMP Switzerland, among others.

It is authorised by the government for the imports of gold, silver, rubies, rough diamond, and other semi-precious stones and metals. If you want to buy a government-backed penny stock, MMTC is surely a great option.

Company Financials:

  • Market Capitalisation ₹ 5,932 Cr.
  • Stock P/E (Price: Equity) -22.61
  • ROCE (Return On Capital Employed) 18.6 %

Key Points:

  • Not a lot of promoter holding is pledged
  • In the last 3 months, the mutual fund holding of the company has been constant.

Also Read: List of Stock Exchanges in India in 2022

5. Elpro International Ltd.

Elpro International Ltd.

Elpro International Limited manufactures surge arresters and is involved in the construction and development of real estate properties and windmill operations.

It is the only one outside the United States to manufacture surge arresters and zinc oxide discs. The company generates a huge chunk of its business from the real estate business and its surge suppression products.

The company very well manages the capital flow by engaging in value-generating assets. Elpro is one of the best penny stocks to buy.

Company Financials:

  • Market Capitalisation ₹1,052 Cr.
  • Stock P/E (Price: Equity) 1.00
  • ROCE (Return On Capital Employed)154 %
  • ROE (Return On Equity) 149 %

Key Points:

  • Stock is currently trading at 0.86 times its book value
  • The company has delivered profit growth of 183.50% CAGR over the last 5 years
  • The company has a solid three-year return on equity (ROE) track record, with an ROE of 106.18 per cent.

6. Geojit Financial Services Ltd.

Geojit Financial Services Ltd.

Geojit Financial Services Limited is indulged across several verticals of financial services, including online booking, financial products distribution, portfolio management services, margin funding, etc.

The company has 465 offices across 19 states and 2 UT across India and a presence out of India, having broking joint ventures in UAE, Bahrain, Kuwait, and Oman that provides broking services mainly to NRIs.

Assets under custody climbed from 23235 crores to 43185 crores within the same time period, while the company's Assets Under Management (AUM) increased from 5200 crores in FY20 to 8465 crores in FY21.

The company is developing new project initiatives like smart folios, fund genie, etc.

Company Financials:

  • Market Capitalisation ₹1,206  Cr.
  • Stock P/E (Price: Equity) 7.98
  • ROCE (Return On Capital Employed) 29.5%
  • ROE (Return On Equity) 23.4 %

Key Points:

  • The stock offers a respectable dividend yield of 5.96%.
  • The company has delivered good profit growth of 21.92% CAGR over the last 5 years.
  • The company has continued to pay out a hefty dividend of 63.79%.

7. Brightcom Group Ltd.

Brightcom Group Ltd.

Brightcom Group Limited is involved in online and digital marketing services directly to marketers, brand advertisers, and marketing agencies. The company is fractionated into three sections that are:

  • Ad-Tech and Digital Marketing- Marketing services include video advertising, display ads marketing, performance-based marketing, search marketing, email marketing, lead generation, affiliate marketing, social marketing, mobile marketing, niche campaigns, digital traffic management, and ad serving.
  • Software Services- Software services include developing custom technology platforms that meet clients' specific needs in digital media and other related industries.
  • Future technologies- The LIFE product and the company's continuous work on machine learning and artificial intelligence make up the division of future technologies.

The Company’s software system development services are mostly based in India, whereas all subsidiaries offer advertising services.

With its head workplace in Hyderabad, the corporation has twenty-two office locations and 463 staff and consultants worldwide.

Company Financials:

  • Market Capitalisation ₹ 9474 Cr.
  • Stock P/E (Price: Equity) 10.4
  • ROCE (Return On Capital Employed) 29.4%
  • ROE (Return On Equity)  21.3%

Key Points:

  • The company is almost debt free.
  • The business is anticipated to deliver a strong quarter.

8. AVT Natural Products Ltd.

AVT Natural Products Ltd.

AVT Natural Products Limited is a part of the A.V. Thomas Group. The corporation is engaged in producing plant-based extracts and natural ingredients solutions for the world's food, beverage, animal nutrition, and nutraceutical industries.

Marigold extracts for eye care & poultry pigmentation, food & beverage solutions, spice oleoresin, and oils for food colouring and flavouring are some of its main business verticals.

The company has entered into a strategic 5-12 months settlement with Kemin Industries Inc., USA, for the manufacturing and delivery of Rosemary extract from FY21.

The company has additionally begun new commercial enterprise verticals to carry the herbal beauty, good meals, and beverage markets. 

Company Financials:

  • Market Capitalisation ₹ 1415 Cr.
  • Stock P/E (Price: Equity) 19.4
  • ROCE (Return On Capital Employed) 26.7%
  • ROE (Return On Equity) 21.5%

Key Points:

  • The company has minted strong profit growth of 26.15% CAGR during the last five years.
  • The company has maintained a healthy dividend pay of 23.77

9. Steel Authority of India Ltd.

Steel Authority of India Ltd.

Steel Authority of India Limited (SAIL) is India's one of the most important metal-making groups and one of the pillars of the country's Central Public Sector Enterprises.

SAIL produces iron and metal at 5 incorporated plant life and 3 unique metal plant life, placed mainly within the Japanese and primary areas of India and near the home of raw materials. SAIL produces and markets several metal goods.

SAIL has a capacity of approximately 21.4 Metric Tonnes and current utilisation of 82%. Under its Vision 2030 program, the company plans to upload 29.6 MTPA in stages through 2030.

Company Financials:

  • Market Capitalisation ₹ 30,710Cr.
  • Stock P/E (Price: Equity) 2.44
  • ROCE (Return On Capital Employed) 24.3%
  • ROE (Return On Equity) 25.1%

Key Points:

  • The price of the stock is 0.58 times its book value.
  • Stock is providing a good dividend yield of 11.54%.
  • The company has delivered good profit growth of 47.65% CAGR over the last 5 years.
  • SAIL has been maintaining a healthy dividend payout of 19.13%

10. Marksans Pharma Ltd.

Marksans Pharma Ltd.

Marksan's Pharma Limited is involved in the business of formulation of pharmaceutical products.

The company's main recognition regions lie withinside the OTC & pharmaceuticals, which have wide-ranging packages throughout fields like Oncology, Gastroenterology, Antidiabetic, Antibiotics, Cardiovascular, etc.

Approximately 30% come from Pain Management, 18% come from Anti-Diabetic, 13% come from Cough & Cold, etc.

The company offers pharmaceutical products in more than 10 therapy segments and has over 80 products in its product basket.

The company's future predictions claim to achieve 2000 crore revenue in the next few years. 

Company Financials:

  • Market Capitalisation ₹ 1,995Cr.
  • Stock P/E (Price: Equity) 10.7
  • ROCE (Return On Capital Employed) 22.9%
  • ROE (Return On Equity) 17.9%

Key Points:

  • The company is almost debt free.
  • The company has delivered good profit growth of 84.11% CAGR over the last 5 years.

11. Morepen Laboratories Ltd.

Morepen Laboratories Ltd.

Morepen Laboratories Limited is a pharmaceutical company engaged in manufacturing generic medicines and wellness and fitness products.

The company’s 58% profit is generated by its wide range of API (active pharmaceutical ingredients), and it is one of the leading players on the global level.

The company’s approximately 25% of revenue is generated by its diagnostics business consisting of products like glucometers, thermometers, stethoscopes, etc.

The company plans to expand its legs in the anti-diabetic section and will likely succeed soon in this therapeutic arena. This makes the share probable to blast from its current price.

Company Financials:

  • Market Capitalisation ₹ 1,852Cr.
  • Stock P/E (Price: Equity) 18.3
  • ROCE (Return On Capital Employed) 21.4%
  • ROE (Return On Equity) 21.2%

Key Points:

  • The company is almost debt free.
  • The company has delivered good profit growth of 33.89% CAGR over the last 5 years.

12. Dolat Algotech Ltd.

Dolat Algotech Ltd.

Dolat Algotech Limited is an algorithm trading company and a clearing member for NSE India. Having collaboration with NSE gives the company an upper hand over other peer companies.

Its primary business involves proprietary trading of securities, commodities, shares, and other financial commodities. As per the financial reports for the year 2021, Dolat Algotech has approximately 450 crores of term deposits and fixed deposits.

Company Financials:

  • Market Capitalisation ₹ 1,186Cr.
  • Stock P/E (Price: Equity) 7.10
  • ROCE (Return On Capital Employed) 40.6%
  • ROE (Return On Equity) 37.6%

Key Points:

  • Dolat is expected to give a good quarter
  • Over the past five years, the company has produced respectable profit growth of 162.63% CAGR.
  • The company has a good return on equity (ROE) track record: 3 Years ROE 41.75%

13. Gateway Distriparks Ltd.

Gateway Distriparks Ltd.

Gateway Distripark Limited is a company that delivers logistics services. The company boasts ownership of nine inland container depots and container freight stations.

It also owns a fleet of more than 30 train sets and over 500 trailers forming a network that connects its maritime ports and facilities.

Gateway Distripark has a market capitalisation of over 3,475 crores. This stock's return on equity (ROE) is expected at 19.5 per cent.

Company Financials:

  • Market Capitalisation ₹ 3,498Cr.
  • Stock P/E (Price: Equity) 15.6
  • ROCE (Return On Capital Employed) 17.8%
  • ROE (Return On Equity) 19.5%

Key Points:

  • The company has delivered good profit growth of 42.11% CAGR over the last 5 years.

14. Tinplate Company of India Ltd.

Tinplate Company of India Ltd

Tinplate is a subsidiary of Tata Steel Ltd. It manufactures tin-coated as well as tin-free steel sheets in India. The company has a 39% of market share in the domestic tinplate market and 52% in the prime tinplate market.

Tinplate Company of India has a market capitalisation of over 3000 crores and an ROE of 34.9 per cent.

Company Financials:

  • Market Capitalisation ₹ 3,091Cr.
  • Stock P/E (Price: Equity) 8.38
  • ROCE (Return On Capital Employed) 46.8%
  • ROE (Return On Equity) 34.9%

Key Points:

  • The company is almost debt free.
  • The company is expected to give a good quarter.
  • The company has delivered good profit growth of 65.93% CAGR over the last 5 years.

15. Triveni Glass Ltd.

 Triveni Glass Ltd.

Triveni Glass Limited was incorporated in 1971. This company manufactures safety glasses for automobiles and all other types of flat glasses.

Its product profile comprises float, figured mirrors, sheets, table tops, etc. The company now plans to get into the real estate sector. It has a market capital of 24.4 crores.

Company Financials:

  • Market Capitalisation ₹ 28.2Cr.
  • Stock P/E (Price: Equity)  N/A
  • ROCE (Return On Capital Employed)  -6.66%
  • ROE (Return On Equity)  N/A

Key Points:

  • There’s a low-interest coverage ratio
  • Very low promoter holding at 5.42 per cent.

16. Prozone Intu Properties Ltd.

Prozone Intu Properties Ltd.

Prozone into properties limited is a real estate company. It deals in the development of retail-led and residential mixed-used real estate.

The company has developed several shopping malls, commercial buildings, and residential structures. As of March 2020, the company has an investment worth 905 crores.

Company Financials:

  • Market Capitalisation ₹ 367Cr.
  • Stock P/E (Price: Equity)  N/A
  • ROCE (Return On Capital Employed)  3.64%
  • ROE (Return On Equity)  -0.31 %

Key Points:

  • The price of the stock is 0.69 times its book value.
  • The company is expected to give a good quarter

Conclusion

That’s a list of 16 penny stocks to buy in India under INR 100 for you. Before investing your money, you must look into the market details and conditions. Also, be careful to understand all the hazards. Also, do thorough research and study all the aspects of the company you want to multiply your money with. 

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