Best High Book Value Stocks in NSE India (2026)
Book value represents a company’s net worth after deducting liabilities from total assets, as reported on its balance sheet. In India, stocks with a high book value per share often belong to asset-heavy sectors such as banking, insurance, utilities, and manufacturing, where tangible assets form a large part of enterprise value. High book value stocks are commonly analysed by comparing price-to-book (P/B) ratios, balance-sheet strength, and asset quality to understand how the market values a company’s underlying assets relative to its share price.
Best High Book Value Stocks in NSE
Saturday, 31 January, 2026
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AIR | Bharti Airtel Ltd | AIRTELPP | /stocks/bharti-airtel-partly-paidup-AIR | Telecom Services | 1,564.10 | 1,729.00 | 1,097.60 | 0.00 | 0.00 | 107.48 | 0.00 | 0.00 | 0.00 | 28.90 | 303.85 | 356.87 | Unknown | Telecommunication Services | Wireless Telecommunication Services | Wireless Telecommunication Services | 0.22 |
| AXBK | Axis Bank Ltd | AXISBANK | /stocks/axis-bank-AXBK | Private Banks | 1,370.40 | 1,378.70 | 974.80 | 425,572.13 | 15.17 | 17.99 | 2.27 | 0.07 | 16.25 | 39.17 | 57.18 | 93.19 | Largecap | Banks | Banks | Diversified Banks | 0.49 |
| BJFS | Bajaj Finserv Ltd | BAJAJFINSV | /stocks/bajaj-finserv-BJFS | Insurance | 1,952.60 | 2,195.00 | 1,617.00 | 311,927.29 | 35.16 | 17.99 | 2.43 | 0.05 | 7.64 | 11.88 | 45.30 | 100.85 | Largecap | Financial Services | Insurance | Diversified Financial Services | 0.23 |
| BOB | Bank of Baroda Ltd | BANKBARODA | /stocks/bank-of-baroda-BOB | Public Banks | 299.40 | 313.35 | 190.70 | 154,830.58 | 7.47 | 17.99 | 1.05 | 2.80 | 15.43 | 34.63 | 88.42 | 305.14 | Largecap | Banks | Banks | Diversified Banks | -1.01 |
| GRAS | Grasim Industries Ltd | GRASIM | /stocks/grasim-industries-GRAS | Cement | 2,819.00 | 2,977.80 | 2,301.65 | 191,253.79 | 51.61 | 29.39 | 1.21 | 0.36 | 2.50 | 13.14 | 77.04 | 151.43 | Largecap | Materials | Construction Materials | Construction Materials | -0.45 |
| HALC | Hindalco Industries Ltd | HINDALCO | /stocks/hindalco-industries-HALC | Metals - Aluminium | 962.60 | 1,029.80 | 546.45 | 215,225.37 | 13.45 | 29.39 | 1.74 | 0.52 | 13.92 | 63.75 | 103.79 | 299.17 | Largecap | Materials | Metals & Mining | Aluminum | -6.00 |
| HDBK | HDFC Bank Ltd | HDFCBANK | /stocks/hdfc-bank-HDBK | Private Banks | 929.25 | 1,020.50 | 830.55 | 1,429,817.99 | 20.20 | 17.99 | 2.66 | 1.18 | 14.05 | 9.87 | 15.14 | 25.85 | Largecap | Banks | Banks | Diversified Banks | -0.67 |
| ICBK | ICICI Bank Ltd | ICICIBANK | /stocks/icici-bank-ICBK | Private Banks | 1,355.00 | 1,500.00 | 1,200.10 | 969,263.35 | 18.99 | 17.99 | 2.95 | 0.81 | 17.04 | 7.92 | 64.54 | 124.41 | Largecap | Banks | Banks | Diversified Banks | -2.07 |
| IOC | Indian Oil Corporation Ltd | IOC | /stocks/indian-oil-corporation-IOC | Oil & Gas - Refining & Marketing | 163.24 | 174.50 | 110.72 | 230,515.10 | 16.95 | 19.19 | 1.21 | 1.84 | 7.17 | 28.41 | 99.68 | 155.58 | Largecap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Refining & Marketing | 0.09 |
| JIO | Jio Financial Services Ltd | JIOFIN | /stocks/jio-financial-services-JIO | Consumer Finance | 254.50 | 338.60 | 198.65 | 161,687.45 | 100.27 | 17.99 | 1.31 | 0.20 | 1.23 | 8.39 | 2.25 | 2.25 | Largecap | Financial Services | Consumer Finance | Diversified Financial Services | 0.00 |
| KTKM | Kotak Mahindra Bank Ltd | KOTAKBANK | /stocks/kotak-mahindra-bank-KTKM | Private Banks | 408.00 | 460.38 | 374.32 | 405,815.45 | 18.34 | 17.99 | 2.58 | 0.12 | 15.39 | 7.28 | 18.18 | 13.24 | Largecap | Banks | Banks | Diversified Banks | -1.07 |
| LART | Larsen and Toubro Ltd | LT | /stocks/larsen-and-toubro-LART | Construction & Engineering | 3,932.30 | 4,195.00 | 2,965.30 | 540,931.72 | 35.97 | 40.16 | 4.69 | 0.86 | 13.80 | 14.95 | 86.11 | 171.41 | Largecap | Capital Goods | Construction & Engineering | Construction & Engineering | -0.02 |
| LIC | Life Insurance Corporation Of India | LICI | /stocks/life-insurance-corporation-of-india-LIC | Insurance | 824.50 | 980.00 | 715.30 | 521,496.06 | 10.79 | 17.99 | 4.09 | 1.46 | 45.93 | -0.05 | 25.59 | -5.80 | Largecap | Insurance | Insurance | Life & Health Insurance | 0.43 |
| NTPC | NTPC Ltd | NTPC | /stocks/ntpc-NTPC | Power Generation | 356.00 | 371.45 | 292.80 | 345,201.31 | 14.74 | 20.98 | 1.81 | 2.35 | 13.15 | 10.22 | 110.84 | 286.96 | Largecap | Utilities | Independent Power and Renewable Electricity Producers | Independent Power Producers & Energy Traders | -0.60 |
| ONGC | Oil and Natural Gas Corporation Ltd | ONGC | /stocks/oil-and-natural-gas-corporation-ONGC | Oil & Gas - Exploration & Production | 268.96 | 277.77 | 205.00 | 338,359.19 | 9.34 | 19.19 | 0.90 | 4.55 | 9.87 | 4.77 | 85.62 | 196.05 | Largecap | Energy | Oil, Gas & Consumable Fuels | Integrated Oil & Gas | -2.33 |
| PNBK | Punjab National Bank | PNB | /stocks/punjab-national-bank-PNBK | Public Banks | 125.19 | 135.15 | 85.46 | 143,880.16 | 7.79 | 17.99 | 1.08 | 2.32 | 15.10 | 29.70 | 146.92 | 250.18 | Largecap | Banks | Banks | Diversified Banks | -0.05 |
| PWFC | Power Finance Corporation Ltd | PFC | /stocks/power-finance-corporation-PWFC | Specialized Finance | 379.35 | 444.10 | 329.90 | 125,189.36 | 5.45 | 17.99 | 0.81 | 4.17 | 15.89 | -8.30 | 249.31 | 307.38 | Largecap | Financial Services | Diversified Financial Services | Specialized Finance | -1.93 |
| RELI | Reliance Industries Ltd | RELIANCE | /stocks/reliance-industries-RELI | Oil & Gas - Refining & Marketing | 1,395.40 | 1,611.80 | 1,114.85 | 1,888,321.23 | 27.11 | 19.19 | 1.87 | 0.39 | 7.20 | 11.36 | 30.27 | 62.19 | Largecap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Refining & Marketing | 0.32 |
| SBI | State Bank of India | SBIN | /stocks/state-bank-of-india-SBI | Public Banks | 1,077.15 | 1,082.50 | 680.00 | 994,275.97 | 12.82 | 17.99 | 1.97 | 1.43 | 16.58 | 41.25 | 100.14 | 246.68 | Largecap | Banks | Banks | Diversified Banks | 1.03 |
| TAMO | Tata Motors Passenger Vehicles Ltd | TMPV | /stocks/tata-motors-TAMO | Four Wheelers | 350.05 | 450.40 | 324.33 | 128,900.01 | 4.63 | 40.39 | 1.05 | 1.71 | 25.79 | -17.02 | 30.34 | 106.81 | Largecap | Automobiles & Components | Automobiles | Automobile Manufacturers | -0.50 |
Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Note: The data on this high book value share list is dynamic in nature and subject to real-time changes.
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What Is Book Value in the Stock Market?
Book value is the company’s net asset value, calculated as total assets minus total liabilities. It is the liquidation value available to shareholders and is a fundamental metric for value investors looking for stocks trading below their intrinsic value.
For example, if XYZ Ltd. has ₹10,00,000 in assets and ₹4,00,000 in liabilities, its book value will be ₹6,00,000. The calculation and formula are discussed in the latter section.
Top 5 High Book Value Stocks in India in 2025
- Reliance Industries Ltd: Reliance Industries is India’s diversified firm in refining, petrochemicals, retail, and digital services. It is also driving telecom growth with Jio and maintaining leadership with large-scale energy and retail operations.
- HDFC Bank Ltd: HDFC Bank is among the top private banks known for retail and corporate banking. It leverages strong digital platforms and offers extensive financial products focused on customer convenience and technology innovation.
- State Bank of India: SBI is India’s largest public sector bank serving millions, with extensive rural reach, and a focus on digital banking and government-related financial services.
- Oil and Natural Gas Corporation Ltd: ONGC is India’s leading public energy company, dominating crude oil and natural gas production, with integrated operations and global exploration through its international subsidiary.
- ICICI Bank Ltd: ICICI Bank is a major private bank providing diverse financial services, emphasising digital innovation and comprehensive solutions for retail, corporate, and wealth management clients across India and abroad.
How to Invest in High Book Value Stocks?
Here is how you can invest in the high book value stocks:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the top high book value stocks by sorting book value from high to low in India using Tickertape Stocks Screener. The screener offers over 200 built-in filters, allowing investors to select parameters and generate high book value share lists.
- Place a ‘Buy’ Order on the top high book value Indian stocks that align with your investment thesis.
Book Value vs Market Value
- Book Value: It reflects a company’s net assets based on accounting data (assets minus liabilities). It further provides a stable, historical perspective on its intrinsic worth.
- Market Value: It represents the current stock price multiplied by outstanding shares. Along with this, it captures investor sentiment and future growth expectations, making it highly dynamic and volatile.
How to Calculate Book Value Per Share?
Here’s the formula:
Book Value Per Share = Total Shareholders’ Equity − Preferred Equity / Total Outstanding Shares
Example:
ABC Ltd. has ₹1,200 cr. assets, ₹500 cr. liabilities, ₹100 cr. preferred equity, and 200 mn shares.
Let’s find out total equity first. For that:
Total Equity = 1,200 − 500 − 100 = ₹600 cr.
Now, book value per share would be:
Book Value Per Share = 600 cr. / 200 mn = ₹3.00 per share
Suppose, if the market price is ₹2.10, the Price-to-Book ratio will be:
Price-to-Book ratio = 2.10 / 3.00 = 0.70
This means the stock trades at 70% of its net asset value.
What are High Book Value Penny Stocks?
High book value penny stocks are low-priced shares (typically trading under ₹50) of companies whose book value per share exceeds their market price. Book value represents a company’s net worth, total assets minus total liabilities, divided by the number of outstanding shares.
When a penny stock trades below its book value, it suggests the market prices the company lower than its accounting worth. This creates a price-to-book (P/B) ratio below 1, which some investors view as a potential value opportunity.
Advantages of Investing in High Book Value Stocks
- Margin of Safety through Tangible Assets: Strong assets provide financial cushioning when markets fall sharply. Physical assets like property or equipment protect shareholder value even during long recessions.
- Potential for Market Re-Rating: Highest book value shares trading below their net asset value often catch investor attention again. When market sentiment shifts, P/B ratios can climb back to historical levels, which unlocks gains tied to tangible book value.
- Downside Support During Market Corrections: Companies trading below book value hold their valuation better when equity markets sell off broadly. Net tangible assets lower the risk of permanent capital loss compared to asset-light companies with weak balance sheets.
Risks of Investing in High Book Value Stocks
- Possibility of Value Traps: When P/B ratios stay low for long periods, it usually points to unresolved business or industry problems. These issues can turn apparently undervalued stocks into value traps that underperform for years with flat valuations.
- Book Value Limits in Low-Asset Firms: Technology and service sector companies create most of their value through intangibles like intellectual property or brand strength, not physical assets. Book value alone misses the real worth of these businesses.
- Lag of Book Value Figures: Companies don’t revalue assets frequently, and they sometimes delay recognizing asset impairments. This makes book value less accurate when accounting adjustments don’t capture how quickly asset quality has deteriorated.
Factors to Consider Before Investing in High Book Value Stocks
- Industry-Specific Capital Intensity: Different industries naturally have different P/B levels. Manufacturing or utility companies usually trade at lower P/B ratios than asset-light businesses, which makes peer comparisons within the same sector necessary.
- Tangible vs. Intangible Asset Composition: The mix of tangible and intangible assets affects how credible the liquidation value is. Physical assets have measurable resale value, while intangibles often lack clear secondary markets.
- Impact of Leverage and Debt Levels: High debt reduces the protection net assets offer because debt obligations eat into shareholder equity and raise default risk. This cuts the downside cushion book value normally provides during market stress.
- Return on Equity Consistency: How consistently a company generates ROE relative to book value shows whether management can earn well from net assets. Volatile ROE signals potential weaknesses in how capital gets deployed.
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To Wrap It Up…
In examining the share with high book value, the focus shifts from price momentum toward tangible net assets. It provides a grounded perspective on corporate worth. While market dynamics and sector nuances influence valuations, book value remains a fundamental metric for identifying companies trading below intrinsic asset levels.
Disclaimer: While learning about the highest book value share in NSE can offer valuable insights, investors may benefit from conducting their own research or consulting a financial advisor before making any investment decisions.
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Frequently Asked Questions About High Book Value Stocks
1. How to choose stocks with high book value while investing?
To choose the best high book value share, the investors must do their own research. You can use Tickertape Stock Screener and filter stocks with more than 200 filters.
2. Are high book value stocks a good investment?
High book value alone doesn’t make a good investment. It is because even high book value companies can face weak earnings potential, sector-specific pressures, or low return ratios that affect market valuation.
3. What are high book value penny stocks?
High book value penny stocks are low-priced shares of companies whose book value per share is high compared to their market price. Stocks in this category are often referred to as high book value, low price stocks, and may trade at a discount due to limited visibility or uncertain fundamentals.
4. What does it mean when a stock is trading below book value?
When a stock trades for less than its book value, it may indicate that the market assigns a lower valuation than the net assets shown on the balance sheet. This may result from market scepticism about profitability or financial stability.
5. Is a high book value stock good or bad?
High book value per share shows substantial assets behind each share. Whether it’s good depends on the industry, asset quality, and how it compares to market price and peers’ valuations.
6. Do high book value stocks guarantee good returns?
High book value stocks don’t guarantee returns. Asset values can be overstated, outdated, or irrelevant to earnings power. Returns depend on profitability, growth prospects, market conditions, and valuation accuracy.
7. Why do investors look for high book value penny stocks?
Investors examine high book value penny stocks because the market price trades below the company’s accounting worth, creating a low P/B ratio. This gap suggests potential undervaluation, where the stock price might eventually align with its book value, generating returns.
8. Is a high book value per share good?
A high book value per share indicates substantial net assets backing each share. However, it doesn’t automatically signal a good investment. The metric matters most when compared to market price, industry peers, asset quality, and the company’s ability to generate earnings from those assets.
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