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Deep Value Sectors — Where Are Indian Stocks Underpriced With Accelerating Earnings?

37 Indian sectors with 49 deep value stock opportunities. Updated May 10, 2026.

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Week of 10 May'26. 49 stocks across 37 sectors which have deep value. Top sectors: IT - Software, Quick Service Restaurant - QSR, Services - Others. 0 strong, 2 good opportunities.Not investment advice — for research only.

37
Sectors
49
Deep Value Stocks
0
Strong (80+)
2
Good (65-79)

Filter Deep Value Sectors

Value Score

Based on underperformance + earnings acceleration

PAT Acceleration

Rate of earnings growth acceleration

IT - Software

Average
Total Stocks
5
deep value
Avg Fundamental
52
/100
Top Pick
Sahana
Score: 56/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 1 Good / 4 Average

Quick Service Restaurant - QSR

Average
Total Stocks
2
deep value
Avg Fundamental
46
/100
Top Pick
Westlife
Score: 47/100
Avg Margin of Safety
Overvalued
Stock Distribution: 0 Strong / 0 Good / 2 Average

Services - Others

Average
Total Stocks
2
deep value
Avg Fundamental
50
/100
Top Pick
Team
Score: 50/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 2 Average

Construction & Contracting

Average
Total Stocks
2
deep value
Avg Fundamental
43
/100
Top Pick
Ashoka
Score: 59/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average / 1 Weak

Consumer Electronics - EMS

Average
Total Stocks
2
deep value
Avg Fundamental
51
/100
Top Pick
PG
Score: 81/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 2 Average

Finance & Investments - Others

Average
Total Stocks
2
deep value
Avg Fundamental
41
/100
Top Pick
Fedders
Score: 50/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average / 1 Weak

IT Product Companies

Average
Total Stocks
2
deep value
Avg Fundamental
51
/100
Top Pick
Zaggle
Score: 50/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 2 Average

Diamond, Gems & Jewellery

Average
Total Stocks
2
deep value
Avg Fundamental
50
/100
Top Pick
Tribhovandas
Score: 65/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 2 Average

Realty - CoWorking

Average
Total Stocks
2
deep value
Avg Fundamental
57
/100
Top Pick
AWFIS
Score: 59/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 2 Average

Pharma - API

Average
Total Stocks
1
deep value
Avg Fundamental
45
/100
Top Pick
Themis
Score: 63/100
Avg Margin of Safety
Overvalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Consumer Electronics

Average
Total Stocks
1
deep value
Avg Fundamental
47
/100
Top Pick
Orient
Score: 62/100
Avg Margin of Safety
—
Stock Distribution: 0 Strong / 0 Good / 1 Average

IT Enabled Services

Average
Total Stocks
1
deep value
Avg Fundamental
54
/100
Top Pick
Route
Score: 62/100
Avg Margin of Safety
—
Stock Distribution: 0 Strong / 0 Good / 1 Average

Hotels

Average
Total Stocks
1
deep value
Avg Fundamental
45
/100
Top Pick
Juniper
Score: 78/100
Avg Margin of Safety
Overvalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Project Consultancy/Turnkey

Average
Total Stocks
1
deep value
Avg Fundamental
45
/100
Top Pick
SEPC
Score: 57/100
Avg Margin of Safety
Overvalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

FMCG - Animal/Polutry

Average
Total Stocks
1
deep value
Avg Fundamental
48
/100
Top Pick
HMA
Score: 56/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Chemicals - Others

Average
Total Stocks
1
deep value
Avg Fundamental
49
/100
Top Pick
S
Score: 56/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Finance & Investments - MSME Lending

Weak
Total Stocks
1
deep value
Avg Fundamental
33
/100
Top Pick
Moneyboxx
Score: 54/100
Avg Margin of Safety
Overvalued
Stock Distribution: 0 Strong / 0 Good / 0 Average / 1 Weak

Telecom Services

Weak
Total Stocks
1
deep value
Avg Fundamental
35
/100
Top Pick
Sar
Score: 51/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average / 1 Weak

New age - Platform - E-Retail

Weak
Total Stocks
1
deep value
Avg Fundamental
28
/100
Top Pick
Brainbees
Score: 50/100
Avg Margin of Safety
Overvalued
Stock Distribution: 0 Strong / 0 Good / 0 Average / 1 Weak

Computer Education

Average
Total Stocks
1
deep value
Avg Fundamental
51
/100
Top Pick
Aptech
Score: 48/100
Avg Margin of Safety
Overvalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

IT Enabled Services/Business Process Outsourcing

Strong
Total Stocks
1
deep value
Avg Fundamental
64
/100
Top Pick
Brightcom
Score: 53/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 1 Good / 0 Average

Pharma - Others

Average
Total Stocks
1
deep value
Avg Fundamental
47
/100
Top Pick
Unichem
Score: 72/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Dyes & Pigments

Average
Total Stocks
1
deep value
Avg Fundamental
44
/100
Top Pick
Kiri
Score: 50/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Geospatial

Average
Total Stocks
1
deep value
Avg Fundamental
58
/100
Top Pick
Ceinsys
Score: 41/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Finance - Holding Company

Average
Total Stocks
1
deep value
Avg Fundamental
47
/100
Top Pick
JSW
Score: 48/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Diagnostics

Average
Total Stocks
1
deep value
Avg Fundamental
55
/100
Top Pick
3B
Score: 47/100
Avg Margin of Safety
—
Stock Distribution: 0 Strong / 0 Good / 1 Average

Industrial Gas

Average
Total Stocks
1
deep value
Avg Fundamental
46
/100
Top Pick
Ellenbarrie
Score: 38/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Textiles - Readymade Apparel

Weak
Total Stocks
1
deep value
Avg Fundamental
39
/100
Top Pick
Credo
Score: 35/100
Avg Margin of Safety
Fairly Valued
Stock Distribution: 0 Strong / 0 Good / 1 Average / 1 Weak

Chemicals - Inorganic - Caustic Soda/Soda Ash

Weak
Total Stocks
1
deep value
Avg Fundamental
36
/100
Top Pick
Tuticorin
Score: 32/100
Avg Margin of Safety
Overvalued
Stock Distribution: 0 Strong / 0 Good / 0 Average / 1 Weak

IT - ER&D

Average
Total Stocks
1
deep value
Avg Fundamental
45
/100
Top Pick
Tata
Score: 56/100
Avg Margin of Safety
—
Stock Distribution: 0 Strong / 0 Good / 1 Average

Capital Goods - Electric General

Average
Total Stocks
1
deep value
Avg Fundamental
42
/100
Top Pick
Spectrum
Score: 60/100
Avg Margin of Safety
Overvalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Plastics - Drip Irrigation

Average
Total Stocks
1
deep value
Avg Fundamental
43
/100
Top Pick
R
Score: 75/100
Avg Margin of Safety
Overvalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Amusement Parks

Average
Total Stocks
1
deep value
Avg Fundamental
47
/100
Top Pick
Wonderla
Score: 75/100
Avg Margin of Safety
—
Stock Distribution: 0 Strong / 0 Good / 1 Average

Petrochem - Others

Average
Total Stocks
1
deep value
Avg Fundamental
55
/100
Top Pick
DCW
Score: 69/100
Avg Margin of Safety
—
Stock Distribution: 0 Strong / 0 Good / 1 Average

Chemicals - Organic

Average
Total Stocks
1
deep value
Avg Fundamental
49
/100
Top Pick
Fairchem
Score: 69/100
Avg Margin of Safety
—
Stock Distribution: 0 Strong / 0 Good / 1 Average

FMCG - Foods

Weak
Total Stocks
1
deep value
Avg Fundamental
37
/100
Top Pick
Patanjali
Score: 65/100
Avg Margin of Safety
Fairly Valued
Stock Distribution: 0 Strong / 0 Good / 0 Average / 1 Weak

Railways

Average
Total Stocks
1
deep value
Avg Fundamental
53
/100
Top Pick
Cosmic
Score: 63/100
Avg Margin of Safety
Undervalued
Stock Distribution: 0 Strong / 0 Good / 1 Average

Key Takeaways

Q: What is Deep Value investing?

Deep Value investing identifies stocks that have been beaten down in price (underperforming Nifty 500) but are showing improving fundamentals — specifically, accelerating quarterly earnings (PAT). The gap between weak price and strong earnings creates potential opportunity.

Q: How do I find the best Deep Value sectors?

Look for sectors with high stock counts (more opportunities), high average Value Scores (better quality), and strong PAT Acceleration (improving earnings). Sectors at the top of this list have the most Deep Value stocks.

Q: What does the Value Score mean?

The Value Score (0-100) combines two factors: how much the stock has underperformed Nifty 500 (value) and how fast its earnings are accelerating (quality). Strong (80+) indicates the best combination of value and improving fundamentals.

Frequently Asked Questions

Based on publicly available financial data. This is educational research, not investment advice.

What is a Deep Value stock?

A deep value stock is one that is underperforming the market despite showing improving earnings. These stocks have a disconnect between their financial recovery and their market price — the market hasn't caught up yet.

Which sectors have the most Deep Value stocks?

Sectors with the most deep value opportunities

  • IT - Software — 5 deep value stocks
  • Quick Service Restaurant - QSR — 2 deep value stocks
  • Services - Others — 2 deep value stocks
  • Construction & Contracting — 2 deep value stocks
  • Consumer Electronics - EMS — 2 deep value stocks
  • Finance & Investments - Others — 2 deep value stocks

Which sectors have the strongest deep value signals?

Sectors with the strongest deep value signals

  • IT Enabled Services/Business Process Outsourcing — Value Score 64
  • Geospatial — Value Score 58
  • Realty - CoWorking — Value Score 57
  • Diagnostics — Value Score 55
  • Petrochem - Others — Value Score 55
  • IT Enabled Services — Value Score 54

What is the difference between Momentum and Deep Value?

Key differences between Momentum and Deep Value strategies

  • Momentum stocks are outperforming the market — price and sentiment are positive
  • Deep Value stocks are underperforming despite improving earnings — contrarian approach
  • Momentum captures trend continuation (winners keep winning)
  • Deep Value captures mean reversion (beaten-down stocks with improving fundamentals)
  • They can complement each other in a diversified research framework

How many stocks are deep value opportunities right now?

There are currently 49 deep value stocks across all sectors being tracked. These stocks are underperforming the market but showing improving earnings trends.

What does PAT Acceleration mean?

PAT (Profit After Tax) acceleration means a company's profit growth rate is increasing. If a company grew profit by 10% last quarter and 15% this quarter, the growth is accelerating. This is one of the strongest signals that an earnings recovery is gaining strength.

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