4 Smallcap Stocks Under Rs 300 to Watch for Future Multibagger Potential: Emmvee Photovoltaic, South Indian Bank, RITES and Genus Power
- October 26, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Emmvee Photovoltaic Rs 235.95. South Indian Bank Rs 52.57. RITES Rs 189.40. Genus Power Rs 259.20. Market caps from Rs 8,096 crore to Rs 18,520 crore. Data as of 23 Oct 2026.
Quick Answer
Emmvee Photovoltaic, South Indian Bank, RITES and Genus Power are the 4 picks in this stocks under Rs 300 watchlist, with market caps between Rs 8,096 crore and Rs 18,520 crore. Emmvee Photovoltaic stands out for the highest return on equity at 32.31%, while South Indian Bank offers the biggest five-year price gain at 435.97%. PE ratios run from 8.13 to 19.99, so compare each one with its industry PE before investing. All figures are as of 23 October 2026.
Stocks under Rs 300 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Emmvee Photovoltaic, South Indian Bank, RITES and Genus Power meet that test, with market caps from Rs 8,096 crore to Rs 18,520 crore and Emmvee Photovoltaic offering the highest return on equity at 32.31%. Each of these companies has a market capitalisation below Rs 30,000 crore and a share price below Rs 300 and a return on equity above 10 per cent, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation below Rs 30,000 crore and a share price below Rs 300 and a return on equity above 10 per cent, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap below Rs 30,000 crore. Investors screening stocks under Rs 300 usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 23 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks Under Rs 300 and Why Do They Attract Multibagger Interest?
Stocks under Rs 300 are shares of smaller companies that trade below Rs 300 each, which keeps the entry ticket small. The four here cover solar modules, private banking, railway consultancy and smart meters.
Judge a low-priced share on earnings and returns, not on the price tag. For stocks under Rs 300, both FY26 and the latest quarter showed growth. With stocks under Rs 300, comparing valuation, growth and balance sheet strength together works better than relying on one number. Every company in the table below passed a rising-profit check, and the figures for stocks under Rs 300 are complete. Read each company’s latest results and exchange filings before acting on stocks under Rs 300.
Stocks Under Rs 300 at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 23 October 2026. South Indian Bank has the lowest PE of the group at 8.13, while Emmvee Photovoltaic posts the highest return on equity at 32.31%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Emmvee Photovoltaic Power | 235.95 | 18,520 | 13.06 | 45.89 | 32.31% | 4.22 | 171.51 to 371.55 |
| South Indian Bank | 52.57 | 12,887 | 8.13 | 12.02 | 12.51% | 1.07 | 31.50 to 54.97 |
| RITES | 189.40 | 9,221 | 19.99 | 36.56 | 15.30% | 3.44 | 175.00 to 259.70 |
| Genus Power Infrastructures | 259.20 | 8,096 | 12.42 | 45.71 | 26.71% | 3.65 | 210.40 to 363.00 |
Emmvee Photovoltaic: Revenue Up 116.22% in FY26
Emmvee Photovoltaic Power makes solar cells and solar modules at its plants in Karnataka. It reported FY26 revenue of Rs 5,103.39 crore, up 116.22% year on year, and net profit of Rs 1,081.55 crore, up 193.10%. Revenue has compounded at 73.18% a year since FY22. Operating margin was 35.40% in FY26. The debt-to-equity ratio is 0.25.
In the September 2026 quarter, revenue rose 37.37% to Rs 1,578.90 crore and net profit grew 60.62% to Rs 382.05 crore. Domestic institutions raised their holding from 0.00% in July 2025 to 9.80% in June 2026. The stock trades at a PE of 13.06 against an industry PE of 45.89, below the sector average, with a return on equity of 32.31%.
South Indian Bank: Quarterly Profit Up 21.26%
South Indian Bank is a Kerala-based private sector bank with a strong presence in southern India and a growing retail and small business book. It reported FY26 total income of Rs 11,855.28 crore, up 5.60% year on year, and net profit of Rs 1,455.64 crore, up 11.71%. Total income has compounded at 11.68% a year since FY22.
The stock trades at a PE of 8.13 against an industry PE of 12.02, below the sector average, with a return on equity of 12.51%. In the September 2026 quarter, total income rose 11.68% to Rs 3,263.80 crore and net profit grew 21.26% to Rs 426.34 crore. The share price has gained 435.97% over five years and 56.15% over the past year. Domestic institutions raised their holding from 11.92% in September 2025 to 16.78% in September 2026.
RITES: Debt-to-Equity of 0.00
RITES provides engineering and consultancy services for railways and other transport infrastructure and also exports rolling stock. It reported FY26 revenue of Rs 2,524.57 crore, up 9.67% year on year, and net profit of Rs 454.44 crore, up 7.27%. Operating margin was 29.26% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 9.57% to Rs 560.68 crore and net profit grew 7.58% to Rs 97.78 crore. Domestic institutions raised their holding from 8.66% in September 2025 to 9.16% in September 2026. The stock trades at a PE of 19.99 against an industry PE of 36.56, below the sector average, with a return on equity of 15.30%. The dividend yield is 3.78%.
Genus Power: 76.37% Profit CAGR Since FY22
Genus Power Infrastructures makes smart meters and metering solutions for power utilities. It reported FY26 revenue of Rs 4,821.22 crore, up 90.97% year on year, and net profit of Rs 564.95 crore, up 91.68%. Net profit has compounded at 76.37% a year since FY22, while revenue has grown 59.53% a year. Operating margin was 20.70% in FY26.
The stock trades at a PE of 12.42 against an industry PE of 45.71, below the sector average, with a return on equity of 26.71%. In the June 2026 quarter, revenue rose 45.98% to Rs 1,407.29 crore and net profit grew 35.55% to Rs 174.70 crore. The share price has gained 219.09% over five years.
Stocks Under Rs 300: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks under Rs 300. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | Latest Quarter Revenue Growth | Net Profit Growth (YoY) |
|---|---|---|---|---|---|
| Emmvee Photovoltaic | 5,103.39 | 1,081.55 | 116.22% | 37.37% | 193.10% |
| South Indian Bank | 11,855.28 | 1,455.64 | 5.60% | 11.68% | 11.71% |
| RITES | 2,524.57 | 454.44 | 9.67% | 9.57% | 7.27% |
| Genus Power | 4,821.22 | 564.95 | 90.97% | 45.98% | 91.68% |
Check the Univest Screener for live data on these stocks under Rs 300
Institutional Holding in Emmvee Photovoltaic, South Indian Bank, RITES and Genus Power
Institutional holding shows who is backing these stocks under Rs 300 alongside the promoter. The table uses the latest reported quarter for each. South Indian Bank has the deepest institutional backing, with FII and DII together holding 42.35% as of September 2026. Domestic institutions increased their holding over the past year in Emmvee Photovoltaic (from 0.00% to 9.80%), South Indian Bank (from 11.92% to 16.78%) and RITES (from 8.66% to 9.16%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Emmvee Photovoltaic | 80.03% | 2.92% | 9.80% | 7.25% | June 2026 |
| South Indian Bank | Nil | 25.57% | 16.78% | 57.65% | September 2026 |
| RITES | 72.20% | 3.38% | 9.16% | 15.26% | September 2026 |
| Genus Power | 39.34% | 18.72% | 3.05% | 38.89% | June 2026 |
Risks to Weigh in Stocks Under Rs 300
Being careful with stocks under Rs 300 means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Stocks Under Rs 300
Picking from stocks under Rs 300 comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (12.02 to 45.89) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track Emmvee Photovoltaic, South Indian Bank, RITES and Genus Power live prices.
Conclusion
Among stocks under Rs 300, Emmvee Photovoltaic stands out for the highest return on equity at 32.31%, South Indian Bank for the biggest five-year price gain at 435.97%, RITES for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00 and Genus Power for the fastest profit growth, 76.37% a year since FY22. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing stocks under Rs 300 should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Stocks Under Rs 300 to Watch
Which are the best stocks under Rs 300 to watch for multibagger potential?
Ans. Emmvee Photovoltaic, South Indian Bank, RITES and Genus Power are the 4 names this list highlights, with market caps of Rs 18,520 crore, Rs 12,887 crore, Rs 9,221 crore and Rs 8,096 crore respectively. Emmvee Photovoltaic is notable for the highest return on equity at 32.31%. South Indian Bank stands out for the biggest five-year price gain at 435.97%. RITES offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00. Genus Power brings the fastest profit growth, 76.37% a year since FY22. These are watchlist names for stocks under Rs 300, not recommendations, so match each one to your own risk profile and time horizon.
Is Emmvee Photovoltaic a good stock for long-term investors?
Ans. Emmvee Photovoltaic has a return on equity of 32.31%, a PE of 13.06 against an industry PE of 45.89 and a market cap of Rs 18,520 crore. FY26 revenue rose 116.22%, and September 2026 quarter net profit grew 60.62%. Long-term returns in stocks under Rs 300 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Genus Power become a multibagger from here?
Ans. Genus Power has already gained 219.09% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks under Rs 300 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 76.37% a year since FY22, and FY26 revenue rose 90.97%. At a PE of 12.42 against an industry PE of 45.71, valuation should be checked against that growth before investing.
What is the market cap of Emmvee Photovoltaic, South Indian Bank, RITES and Genus Power?
Ans. As of 23 October 2026, Emmvee Photovoltaic has a market cap of Rs 18,520 crore, South Indian Bank has a market cap of Rs 12,887 crore, RITES has a market cap of Rs 9,221 crore and Genus Power has a market cap of Rs 8,096 crore. All of them qualify as smallcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on stocks under Rs 300.
What are the risks of investing in stocks under Rs 300?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.
Is South Indian Bank trading below its industry PE?
Ans. South Indian Bank trades at a PE of 8.13 against an industry PE of 12.02. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (FY26 revenue rose 5.60% and September 2026 quarter net profit grew 21.26%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in Emmvee Photovoltaic, South Indian Bank, RITES and Genus Power?
Ans. As of the latest reported quarter, FII and DII together hold 12.72% of Emmvee Photovoltaic (2.92% and 9.80%), 42.35% of South Indian Bank (25.57% and 16.78%), 12.54% of RITES (3.38% and 9.16%) and 21.77% of Genus Power (18.72% and 3.05%). Rising institutional holding is a useful signal in stocks under Rs 300, though it should be read with earnings trends rather than on its own.
