Best Penny Stocks Below Rupee 1 in India 2024
Penny stocks under 1rs are shares of companies that trade on stock exchanges at a price below Rs. 1. Some of the noteworthy features of these stocks include low market capitalisation, limited trading volume, and high volatility. Investors with tolerance to high levels of risk and volatility could consider investing in penny stocks under 1rs.
An Overview of the Top Penny Stocks Under 1rs in India
With so many penny stocks under 1rs to choose from, how do you pick the right ones? To help make your decision easier, we have compiled a table featuring the best penny stocks along with their key financial metrics.
List of Best Penny stocks below Rs.1 at NSE and BSE in India 2024
| Sr.No. | Company Name | Industry | CD_BSE Code | CD_NSE Symbol | Closing Price (as of 18-Oct-2024) | Market Cap (in crore) (as of 18-Oct-2024) | 1 Year Price Return | Price to Earnings (as of 18-Oct-2024) | Price to Book Value (as of 18-Oct-2024) | Sales Growth(%) (FY 2024) | Sales 3 Yr CAGR | Sales FY 2024 | Sales FY 2023 | Sales FY 2022 | Sales FY 2021 | PAT Growth(%) (FY 2024) | PAT 3 Yr CAGR | PAT FY 2024 | PAT FY 2023 | PAT FY 2022 | PAT FY 2021 | Net Worth (as of 31-Mar-2024) | Total Debt (as of 31-Mar-2024) | Debt to Equity (as of 31-Mar-2024) | ROCE(%) (FY 2024) | ROE(%) (FY 2024) | Profit Before Interest, Depreciation and Tax Margin(%) (FY 2024) | EPS (FY 2024) | Book Value (as of 31-Mar-2024) |
| 1 | Excel Realty N Infra Ltd. | Trading | 533090 | EXCEL | 0.76 | 107.21 | 111.11% | 61.79 | 0.62 | -60.69 | -30.33% | 2.58 | 6.56 | 8.75 | 7.62 | 389.48 | 7.10% | 0.97 | -0.33 | -3.95 | 0.79 | 172.04 | 0.04 | 0.00 | 0.68 | 0.56 | 51.83 | 0.01 | 1.22 |
| 2 | Greencrest Financial Services Ltd. | Finance - NBFC | 531737 | 0.94 | 34.36 | 49.21% | 11.75 | 0.61 | 60.43 | 117.69% | 39.27 | 24.48 | 8.88 | 3.81 | -15.40 | 30.34% | 1.06 | 1.26 | 0.56 | 0.48 | 53.74 | 32.34 | 0.60 | 4.26 | 2.00 | 8.91 | 0.03 | 1.47 | |
| 3 | NCL Research & Financial Services Ltd. | Finance - NBFC | 530557 | 0.73 | 78.13 | 40.38% | 0.72 | 183.29 | 79.42% | 10.66 | 3.76 | 1.88 | 1.85 | 168.14 | 425.49% | 1.61 | 0.60 | 1.04 | 0.01 | 110.74 | 0.00 | 0.00 | 1.71 | 1.37 | 19.30 | 0.02 | 1.03 | ||
| 4 | Jackson Investments Ltd. | Finance - Investment | 538422 | 0.69 | 20.06 | 38.00% | 0.63 | -57.89 | -16.74% | 0.60 | 1.42 | 2.04 | 1.03 | -137.90 | -0.12 | 0.31 | 0.21 | 0.08 | 31.91 | 0.00 | 0.00 | -0.36 | -0.37 | -19.54 | 0.00 | 1.10 | |||
| 5 | Ontic Finserve Ltd. | Finance - Others | 540386 | 0.73 | 6.57 | 10.61% | 3.90 | -100.00 | -100.00% | 0.00 | 0.41 | 39.10 | 2.21 | -6217.28 | -2.75 | 0.04 | 0.12 | 0.04 | 1.80 | 0.00 | 0.00 | -86.52 | -86.53 | -3.05 | 2.00 | ||||
| 6 | Alstone Textiles (India) Ltd. | Trading | 539277 | 0.74 | 464.34 | 7.25% | 77.21 | 0.71 | -72.98 | 8.15 | 30.17 | 0.00 | 0.00 | -83.02 | 4.16 | 24.52 | -0.09 | -0.09 | 152.80 | 500.00 | 3.27 | 1.04 | 2.76 | 51.31 | 0.03 | 1.20 | |||
| 7 | Sharanam Infraproject and Trading Ltd. | Trading | 539584 | 0.79 | 9.48 | 2.62% | 42.51 | 0.88 | 56.21% | 1.76 | 0.00 | 0.18 | 0.46 | 115.01 | 106.26% | 0.03 | -0.17 | 0.02 | 0.00 | 10.56 | 0.69 | 0.06 | 0.42 | 0.37 | 2.19 | 0.00 | 0.88 | ||
| 8 | Global Capital Markets Ltd. | Finance - NBFC | 530263 | 0.87 | 34.65 | 2.35% | 60.06 | 0.75 | -93.81 | -36.17% | 1.20 | 19.38 | 4.39 | 4.61 | 102.89 | -77.99% | 0.01 | -0.18 | 0.98 | 0.48 | 45.90 | 0.12 | 0.00 | 0.03 | 0.01 | 7.23 | 0.00 | 1.15 | |
| 9 | MFL India Ltd. | Logistics | 526622 | 0.69 | 24.86 | -8.00% | 0.00 | 289.96 | 48.14% | 53.61 | 13.75 | 2.51 | 16.49 | 0.00 | -2.46 | 0.00 | 1.78 | 3.10 | -1.95 | 14.88 | -7.63 | -17.24 | 0.00 | -2.41 | -0.07 | -0.05 | |||
| 10 | Khoobsurat Ltd. | Finance - Investment | 535730 | 0.81 | 38.09 | -12.97% | 129.57 | 0.65 | 0.00% | 0.00 | 0.00 | 0.00 | 0.00 | -47.16 | 146.11% | 0.14 | 0.27 | 0.24 | 0.01 | 25.01 | 3.46 | 0.14 | 1.17 | 0.57 | 0.01 | 1.47 | |||
| 11 | Virtual Global Education Ltd. | Educational Institutions | 534741 | 0.81 | 34.32 | -15.63% | 0.56 | -100.00% | 0.00 | 0.00 | 0.06 | 0.67 | -390.88 | -1.77 | 0.61 | 0.39 | 0.30 | 61.59 | 2.52 | 0.04 | -2.71 | -2.84 | -0.04 | 1.45 | |||||
| 12 | GCM Securities Ltd. | Finance - Stock Broking | 535431 | 0.92 | 17.48 | -41.03% | 1.13 | -100.00 | -100.00% | 0.00 | 0.01 | 2.11 | 2.47 | 66.50 | -0.38 | -1.13 | -0.16 | 1.80 | 15.63 | 4.66 | 0.30 | -2.20 | -2.79 | -0.02 | 0.82 | ||||
| 13 | GACM Technologies Ltd. | Finance - Stock Broking | 531723 | GATECH | 0.77 | 52.40 | 42.81 | 1.48 | -28.03 | 19.58% | 7.47 | 10.39 | 2.11 | 4.37 | 196.32 | 1.13 | -1.18 | -8.04 | -1.00 | 7.13 | 8.85 | 1.24 | 13.37 | 437.72 | 33.62 | 0.02 | 0.15 | ||
| 14 | RGF Capital Markets Ltd. | Finance - NBFC | 539669 | 0.68 | 10.20 | 850.14 | 0.74 | 97.44 | 81.83% | 0.31 | 0.16 | 0.11 | 0.05 | -50.00 | 0.00 | 0.00 | -0.05 | -0.11 | 13.83 | 0.00 | 0.00 | 0.02 | 0.01 | 4.57 | 0.00 | 0.92 |
Best Penny Stocks Under 1 RS in India 2024
Alstone Textiles (India) Ltd.
Established in 1985, Alstone Textiles (India) Ltd. features in the top penny stocks under 1rs to buy today list. The company is in the textile industry, dealing in a wide range of fabrics and garments. Its product portfolio comprises cotton, wool, synthetic fibre, mixed fabrics, natural and art silk, readymade garments, and hosiery.
Alstone Textiles is one of the top penny stocks under 1rs in terms of market capitalisation, with around Rs. 464.34 crore as of October 18, 2024. The company’s financials for FY24 reveal a modest total sales of Rs. 8.15 crore and a profit after tax (PAT) of Rs. 4.16 crore. Although the company’s debt-equity ratio stands at 3.27, it has a high net worth among penny stocks under 1rs, amounting to Rs. 152.80 crore as of March 31, 2024.
Excel Realty N Infra Ltd.
Featuring in the penny stocks under 1rs NSE list, Excel Realty N Infra Ltd. operates in the real estate and infrastructure development sector with major residential and commercial projects under its belt. Some of its completed projects include infrastructure-related developments in West Bengal, Madhya Pradesh, Jharkhand, and Maharashtra. The company has also recently diversified into the IT/BPO sectors.
Despite being in the penny stocks under the 1rs category, the company maintains a relatively stable business model, registering a PAT growth of 389.48% as of FY24. Although profitability is a concern with the absolute PAT figure for FY24 being just 0.97 crore, the company has recently broken out of a 3-year loss-making streak. Thanks to a debt-equity ratio of 0, Excel Realty N Infra Ltd. is among the debt-free penny stocks under the 1rs segment.
NCL Research & Financial Services Ltd.
A non-banking financial company incorporated in 1985, NCL Research & Financial Services Ltd. is among the few penny stocks under 1rs with good fundamentals. The company is involved in investing in financial assets and providing financing to micro, small, and medium enterprises (MSMEs).
One of the few debt-free penny stocks under 1rs, NCL Research has delivered a stellar financial performance in FY24, registering a sales growth of 183.29% and a PAT growth of 168.14%. In absolute figures, the company’s total sales in FY24 was Rs. 10.66 crore, with a PAT of Rs. 1.61 crore. In terms of net worth among penny stocks under 1rs, NCL Research & Financial Services Ltd. ranks high with about Rs. 110.74 crore as of March 31, 2024.
GACM Technologies Ltd.
GACM Technologies Ltd. is another entity that features in the penny stocks under the 1rs NSE list. The company’s current business line is in the financial consulting sector with a focus on corporate and allied matters, risk management, and internal control management. GACM Technologies also designs and develops software for its clients in the above-mentioned areas.
One of the penny stocks under 1rs with good fundamentals, the company’s FY24 figures paint a positive picture. The company recorded Rs. 7.47 crore in sales and registered a PAT of Rs. 1.13 crore. Over the last three years, the sales growth has been around 19.58% CAGR, which showcases its revenue growth ability. Furthermore, GACM Technologies Limited has the highest ROE of 437.72% as of FY 2024 among all the penny stocks under 1rs.
Greencrest Financial Services Ltd.
Another one of the penny stocks under 1rs with a non-banking financial company (NBFC) licence from the RBI, Greencrest Financial Services Ltd. was incorporated in 1993. It specialises in investing, financing, and trading activities. Like the other top 10 penny stocks under 1rs, Global Capital Markets has maintained a relatively stable presence in the financial services sector.
The latest financials for the year FY24 look positive, with Greencrest recording sales growth of 60.43% and a 3-year PAT growth of 30.34% CAGR. During FY24, the company recorded total sales amounting to Rs. 39.27 crore, out of which its PAT was Rs. 1.06 crore. If this positive momentum continues, Greencrest Financial Services Ltd. could become one of the top 10 penny stocks under 1rs to invest in for the long term.
Things to Keep in Mind Before Investing in Penny Stocks Under 1 rupee
If you are an investor with a high tolerance for risk, you might want to include a few penny stocks under 1rs in your investment portfolio. However, here are some key factors you must consider before you invest in these stocks.
Research and Due Diligence
It is crucial to conduct thorough research before investing in penny stocks under 1rs regardless of their attractiveness. Start by studying the company’s business model and examining its sources of revenue. Also, focus on its growth trajectory to date and its future potential. Additionally, look into the track record of the management, shareholding pattern, and promoter holdings to get deeper insights into the various penny stocks under 1 rs.
Financial Health
Penny stocks under 1rs with good fundamentals could perform well in the long run. Therefore, it is important to do a comprehensive review of the company’s financial performance and health before investing. When examining the fundamentals, remember to focus on key metrics such as revenue growth, profitability, debt levels, debt-equity ratio, P/E and P/B ratios, net worth, return on equity (ROE), and return on capital employed (ROCE). Furthermore, consider fundamentally comparing the top 10 penny stocks under 1rs with each other to get insights into their relative performance.
Industry Factors
Understanding the industry and market dynamics is essential when investing in penny stocks under 1rs. Perform in-depth industry analysis to gain insights into its constituents, future growth potential, and upcoming regulations or technological changes that can disrupt the sector.
Compliance and Corporate Governance
Regulatory compliance and corporate governance are qualitative factors that can significantly impact penny stocks under 1rs. Companies with strong compliance measures often tend to be better in the long run. When evaluating the top 10 penny stocks under 1rs, remember to check if the companies are regularly filing various returns and financial statements. Also, look for warnings or ongoing investigations by regulatory authorities.
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