Top 10 Best Value Stocks in India 2024

Trading nowadays has become a trending source of income. Some take it as a full-time profession of trading in the stock without knowing the crux of investing. If you are one of them, then this article would help you trade better in the stock market. Before heading on to learn about the Best Value Stocks in India, let us first find out what value stock or value investing means. Have you ever pondered upon these terms while putting your hard-earned money in the stock market?

Value Stocks are defined as those shares or stocks which are traded at a discounted price.

Best Value Stocks To Buy

What is Value Investing?

Value Investing is a strategy for investment where undervalued stocks of potential companies are bought by investors for a longer duration. For this approach, a fundamentally strong analysis of the company portfolio should be made before investment. The term “Value Investing” was coined by Benjamin Graham (known as the Father of Value Investing) in his book “The Intelligent Investor”. Value investing stands on the belief that the market will determine the value of the stock and with time the value will increase providing healthy returns to the investor.

Top Value Stocks in India 2024

S.No.	Best Value Stocks	BSE Scrip Code	NSE Symbol	Industry
1	Accelya Solutions India Ltd.	532268	ACCELYS	Global software provider to the Airline Industry
2	Tata Consultancy Services Ltd.	532540	TCS	IT Services, Consulting and Business Solutions
3	CRISIL Ltd.	500092	CRISIL	Analytical
4	Coal India Ltd.	533278	COALINDIA	Mining, Refinery
5	Colgate-Palmolive (India) Ltd.	500830	COLPAL	Consumer Goods

Overview of the Top 10 Best Value Stocks in India

1. Tata Consultancy Services Ltd. (TCS)

TCS is one of the leading IT services company of India, which continues to be on the top charts of valued stocks. It is has its global presence with diversified clientele and a strong record of delivering revenue growth in continuous manner. With technology enhancement worldwide, TCS is well prepared to commence on their digital transformation.

• Market Capitalisation: 12.93 Trillion (as of September 2023)
• Annual Dividend Yield: 1.39% (as of September 2023)

2. Coal India Ltd.

Coal India is a Public Sector company and among the largest coal producers in the world. Although coal has negative repercussions on the environmental factors, it continues to be an essential element of common Indians. Coal India provides appealing dividend yield and the potential for capital growth along with a tremendous market presence.

• Market Capitalisation: ₹1.82 Trillion (as of September 2023)
• Annual Dividend Yield: 8.21% (as of September 2023)

3. Accelya Solutions India Ltd.

ACCELYA is one of the largest technical solutions provider to the airline industry. Over the years, it has showcased phenomenal growth opportunity. Accelya solutions has captured a strong market position with its automated processes and stable financials making it an attractive value stock.

• Market Capitalisation: ₹24.39 Billion (as of September 2023)
• Annual Dividend Yield: 5.36% (as of September 2023)

4. CRISIL Ltd.

CRISIL Ltd. is a credit rating and research organisation which has a significant role in the Indian financial markets. With the advancement of credit assessment and risk management services, CRISIL ltd have become an important organisation. For the value based stocks, CRISIL has its strong hold due to its great reputation and expertise.

• Market Capitalisation: ₹286.58 Billion INR (as of September 2023)
• Annual Dividend Yield: 1.22% (as of September 2023)

5. JIO Financial Services

JIO Financial Services is a subsidiary of the Reliance Industries, JIO Financial Services, is a wide ranging financial services company. The strong reputation of Reliance and diversified products have made JIO a valued stock for investors.

• Market Capitalisation: ₹1.47 Trillion (as of September 2023)

6. Colgate-Palmolive (India) Ltd.

Famous for its oral care and personal hygiene consumer products, Colgate-Palmolive is a common name to all Indians. The company has shown continuous growth and a consistent stability over the years. Due to this reasons, despite pandemic hit, this company could stand still and reap benefits by being the valued stocks.

• Market Capitalisation: ₹546.39 Billion (as of September 2023)
• Annual Dividend Yield: 1.95% (as of September 2023)

7. Authum Investment & Infrastructure Ltd.

Authum Investment & Infrastructure Ltd. focuses on the distressed asset resolution working for the niche segment for the financial sector. Our banking system is known for its non-performing assets and Authum has a strong exposure in this field which is a unique segment to focus on which somehow appeals investors as a valued stock.

• Market Capitalisation: ₹81.97 Billion (as of September 2023)

8. Gujarat Mineral Development Corporation (GMDC)

Gujarat Mineral Development Corporation (GMDC) is a public sector (state owned) enterprise working in the mining and mineral exploration sector. With the growth of infrastructure and construction sectors in India, mineral and resources have been in demand and is expected to rise. As GMDC is in the supply sector of these resources, it makes a valued stock for the investors.

• Market Capitalisation: ₹100.67 Billion (as of September 2023)
• Annual Dividend Yield: 3.63% (as of September 2023)

9. Vodafone Idea Ltd.

Despite the challenges and backdrop in the Indian telecom sector for Vodafone Idea Ltd., it remains a crucial player in the market. The merger of Vodafone India and Idea Cellular have impacted the company a lot. This is the opportunity for Vodafone Idea to prove its true potential as it can overcome all the hurdles and become a top value stocks in India.

• Market Capitalisation: ₹567.62 Billion (as of September 2023)
• Annual Dividend Yield: 1.20% (as of September 2023)

10. IOL Chemicals and Pharmaceuticals

IOL Chemicals and Pharmaceuticals is one of the best pharma and related chemicals manufacturers, headquartered in India, established in 1986. IOL is continuously engaged in the production of Ethyl Acetate, Iso Butyl Benzene, etc.

• Market Capitalisation: ₹24.37 Billion (as of September 2023)
• Annual Dividend Yield: 0.96% (as of September 2023)

Factors to Consider Before Investing in Value Stocks

The following factors must be kept in mind before making an investment decision in value stocks:

1. Organisation History and Performance: It is the most basic and crucial factor is consider while selecting a value stock. Analysing the company’s revenue, dividend payouts, industry positions, trend of performance over the years and its background and history. If these factors are align to your investment criteria, you are free to add to your portfolio.

2. Financial Ratios: This analysis is a very significant aspect for any investor. These ratios would brief you about the company’s performance. Ratios such as Price-to-sales ratio, Price-to-earnings ratios are crucial to understand the performance and market position of the company.

3. Risk Associated: It is a known fact that value stocks are less risky compared to growth stocks. Nevertheless, being aware of the uncertainties and taking proper precautions is very much important in investing. Risk appetite should be properly considered before investing.

4. Cash Flow: Free cash flow of a company must be checked. The net cash flow depicts the actual cash flow considering all expenses and capital. This factor would be beneficial for investors to understand the stability and performance of the company’s stocks.

5. Company Fundamentals: Finally, if the company fundamentals are not pondered upon, then the research on best value stocks would be incomplete. Value stocks get affected due to market conditions. Hence, in case of turmoil, how those companies handled those situations is a matter of study before investing.