{"id":317067,"date":"2026-10-19T15:25:28","date_gmt":"2026-10-19T09:55:28","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=317067"},"modified":"2026-10-19T15:25:28","modified_gmt":"2026-10-19T09:55:28","slug":"reasonable-price-to-book-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/","title":{"rendered":"3 Top Reasonable Price-to-book Stocks to Watch for Future Multibagger Potential: LIC, Indian Bank and NMDC"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>LIC Rs 397.75. Indian Bank Rs 854.10. NMDC Rs 71.69. Market caps from Rs 62,352 crore to Rs 4.98 lakh crore. Data as of 16 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">LIC, Indian Bank and NMDC are the 3 picks in this reasonable price-to-book stocks watchlist, with market caps between Rs 62,352 crore and Rs 4.98 lakh crore. LIC stands out for the highest return on equity at 32.53%, while Indian Bank offers the biggest five-year price gain at 396.82%. PE ratios run from 8.30 to 8.52, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.<\/p>\n<\/p><\/div>\n<p>Reasonable price-to-book stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. LIC, Indian Bank and NMDC meet that test, with market caps from Rs 62,352 crore to Rs 4.98 lakh crore and LIC offering the highest return on equity at 32.53%. Each company trades at a price to book value between 1 and 3 and earns a return on equity above 15 per cent.<\/p>\n<p>This list covers companies with a price to book ratio between 1 and 3, a return on equity above 15 per cent and complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening reasonable price-to-book stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=reasonable-price-to-book-stocks\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#What_Are_Reasonable_Price-to-book_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are Reasonable Price-to-book Stocks and Why Do They Attract Multibagger Interest?\">What Are Reasonable Price-to-book Stocks and Why Do They Attract Multibagger Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Reasonable_Price-to-book_Stocks_at_a_Glance_Price_Market_Cap_PE_ROE_and_Price_to_Book\" title=\"Reasonable Price-to-book Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book\">Reasonable Price-to-book Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#LIC_9319_Profit_CAGR_Since_FY22\" title=\"LIC: 93.19% Profit CAGR Since FY22\">LIC: 93.19% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Indian_Bank_3228_Profit_CAGR_Since_FY22\" title=\"Indian Bank: 32.28% Profit CAGR Since FY22\">Indian Bank: 32.28% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#NMDC_Revenue_Up_3161_in_FY26\" title=\"NMDC: Revenue Up 31.61% in FY26\">NMDC: Revenue Up 31.61% in FY26<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Reasonable_Price-to-book_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"Reasonable Price-to-book Stocks: Financial Comparison on Growth and Margins\">Reasonable Price-to-book Stocks: Financial Comparison on Growth and Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_LIC_Indian_Bank_and_NMDC\" title=\"Institutional Holding in LIC, Indian Bank and NMDC\">Institutional Holding in LIC, Indian Bank and NMDC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_Reasonable_Price-to-book_Stocks\" title=\"Risks to Weigh in Reasonable Price-to-book Stocks\">Risks to Weigh in Reasonable Price-to-book Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_Reasonable_Price-to-book_Stocks\" title=\"How to Choose Between Reasonable Price-to-book Stocks\">How to Choose Between Reasonable Price-to-book Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_Reasonable_Price-to-book_Stocks_to_Watch\" title=\"Frequently Asked Questions on Reasonable Price-to-book Stocks to Watch\">Frequently Asked Questions on Reasonable Price-to-book Stocks to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Which_are_the_best_reasonable_price-to-book_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best reasonable price-to-book stocks to watch for multibagger potential?\">Which are the best reasonable price-to-book stocks to watch for multibagger potential?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Is_LIC_a_good_stock_for_long-term_investors\" title=\"Is LIC a good stock for long-term investors?\">Is LIC a good stock for long-term investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Can_Indian_Bank_become_a_multibagger_from_here\" title=\"Can Indian Bank become a multibagger from here?\">Can Indian Bank become a multibagger from here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_LIC_Indian_Bank_and_NMDC\" title=\"What is the market cap of LIC, Indian Bank and NMDC?\">What is the market cap of LIC, Indian Bank and NMDC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_reasonable_price-to-book_stocks\" title=\"What are the risks of investing in reasonable price-to-book stocks?\">What are the risks of investing in reasonable price-to-book stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#Is_LIC_trading_below_its_industry_PE\" title=\"Is LIC trading below its industry PE?\">Is LIC trading below its industry PE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/reasonable-price-to-book-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_LIC_Indian_Bank_and_NMDC\" title=\"How much do institutions hold in LIC, Indian Bank and NMDC?\">How much do institutions hold in LIC, Indian Bank and NMDC?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Reasonable_Price-to-book_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are Reasonable Price-to-book Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Reasonable price-to-book stocks are shares that trade close to the value of their net assets while still earning healthy returns on them. A fair price to book ratio together with a high ROE is a sign of good value.<\/p>\n<p>Price to book tells investors how much they pay for each rupee of net worth, and ROE shows what the company earns on it. Businesses that score well on both are the ones investors compare in reasonable price-to-book stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reasonable_Price-to-book_Stocks_at_a_Glance_Price_Market_Cap_PE_ROE_and_Price_to_Book\"><\/span><strong>Reasonable Price-to-book Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are closing prices as of 16 October 2026. LIC combines the lowest PE of the group, 8.30, with the highest return on equity, 32.53%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Price to Book<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/lici\/life-insurance-corporation-of-india-share-price-today\">Life Insurance Corporation of India<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">397.75<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4,98,410<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.30<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.47<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">32.53%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2.81<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">360.75 to 468.48<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/indianb\/indian-bank-share-price-today\">Indian Bank<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">854.10<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,12,680<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.52<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.02<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.02%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.41<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">756.50 to 1,000.90<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/nmdc\/nmdc-ltd-share-price-today\">NMDC<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">71.69<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">62,352<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.36<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.06<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">21.87%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.83<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">70.10 to 97.49<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"LIC_9319_Profit_CAGR_Since_FY22\"><\/span><strong>LIC: 93.19% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>LIC is India&#8217;s largest life insurer and one of the biggest institutional investors in the stock market, with a vast agent network across the country. It reported FY26 revenue of Rs 9,90,211.25 crore, up 10.23% year on year, and net profit of Rs 57,453.15 crore, up 18.90%. Net profit has compounded at 93.19% a year since FY22, while revenue has grown 7.96% a year. Operating margin was 5.51% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.<\/p>\n<p>In the June 2026 quarter, revenue rose 6.97% to Rs 2,41,166.45 crore and net profit grew 23.98% to Rs 13,584.25 crore. Domestic institutions raised their holding from 1.36% in September 2025 to 6.17% in September 2026. The stock trades at a PE of 8.30 against an industry PE of 10.47, below the sector average, with a return on equity of 32.53%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indian_Bank_3228_Profit_CAGR_Since_FY22\"><\/span><strong>Indian Bank: 32.28% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Indian Bank is a government-owned bank with a strong presence in South India and a growing national network. It reported FY26 total income of Rs 78,332.70 crore, up 8.72% year on year, and net profit of Rs 12,226.99 crore, up 11.21%. Net profit has compounded at 32.28% a year since FY22, while total income has grown 14.07% a year.<\/p>\n<p>The stock trades at a PE of 8.52 against an industry PE of 12.02, below the sector average, with a return on equity of 16.02%. The dividend yield is 2.18%. In the September 2026 quarter, total income rose 21.09% to Rs 23,335.98 crore and net profit grew 13.36% to Rs 3,446.86 crore. The share price has gained 396.82% over five years and 10.47% over the past year. Foreign investors raised their holding from 4.68% in September 2025 to 6.86% in September 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"NMDC_Revenue_Up_3161_in_FY26\"><\/span><strong>NMDC: Revenue Up 31.61% in FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NMDC is a government-owned miner and India&#8217;s largest iron ore producer. It reported FY26 revenue of Rs 33,559.27 crore, up 31.61% year on year, and net profit of Rs 7,415.37 crore, up 13.39%. Revenue has compounded at 5.90% a year since FY22. Operating margin was 33.51% in FY26. The debt-to-equity ratio is 0.19.<\/p>\n<p>In the June 2026 quarter, revenue rose 1.47% to Rs 7,142.54 crore and net profit grew 1.94% to Rs 2,005.71 crore. Foreign investors raised their holding from 12.21% in June 2025 to 13.59% in June 2026. The stock trades at a PE of 8.36 against an industry PE of 10.06, below the sector average, with a return on equity of 21.87%. The dividend yield is 4.94%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reasonable_Price-to-book_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>Reasonable Price-to-book Stocks: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these reasonable price-to-book stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue Growth (YoY)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Revenue CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Latest Quarter Revenue Growth<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">LIC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9,90,211.25<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">57,453.15<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.23%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.97%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Indian Bank<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">78,332.70<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12,226.99<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.72%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.07%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">21.09%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">NMDC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">33,559.27<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7,415.37<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">31.61%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.90%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.47%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these reasonable price-to-book stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_LIC_Indian_Bank_and_NMDC\"><\/span><strong>Institutional Holding in LIC, Indian Bank and NMDC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these reasonable price-to-book stocks alongside the promoter. The table uses the latest reported quarter for each. NMDC has the deepest institutional backing, with FII and DII together holding 27.40% as of June 2026. Domestic institutions increased their holding over the past year in LIC (from 1.36% to 6.17%).<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">LIC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">90.00%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.55%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.17%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2.28%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Indian Bank<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">73.84%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.86%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.77%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2.53%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">NMDC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">60.79%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.59%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.81%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.80%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_Reasonable_Price-to-book_Stocks\"><\/span><strong>Risks to Weigh in Reasonable Price-to-book Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with reasonable price-to-book stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>Book value can differ from true asset value.<\/li>\n<li>Check that profit growth is sustainable.<\/li>\n<li><strong>Valuation:<\/strong> A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_Reasonable_Price-to-book_Stocks\"><\/span><strong>How to Choose Between Reasonable Price-to-book Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from reasonable price-to-book stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.<\/li>\n<li>Compare each PE with the industry PE (10.06 to 12.02) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track the price to book ratio, the return on equity and profit growth in every result.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track LIC, Indian Bank and NMDC live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among reasonable price-to-book stocks, LIC stands out for the highest return on equity at 32.53%, Indian Bank for the biggest five-year price gain at 396.82% and NMDC for 31.61% revenue growth in FY26. 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 reasonable price-to-book stocks 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.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Reasonable_Price-to-book_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on Reasonable Price-to-book Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_reasonable_price-to-book_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best reasonable price-to-book stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> LIC, Indian Bank and NMDC are the 3 names this list highlights, with market caps of Rs 4,98,410 crore, Rs 1,12,680 crore and Rs 62,352 crore respectively. LIC is notable for the highest return on equity at 32.53%. Indian Bank stands out for the biggest five-year price gain at 396.82%. NMDC offers 31.61% revenue growth in FY26. These are watchlist names for reasonable price-to-book stocks, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_LIC_a_good_stock_for_long-term_investors\"><\/span><strong>Is LIC a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> LIC has a return on equity of 32.53%, a PE of 8.30 against an industry PE of 10.47 and a market cap of Rs 4,98,410 crore. Net profit has compounded at 93.19% a year since FY22, and FY26 revenue rose 10.23% while June 2026 quarter net profit grew 23.98%. Long-term returns in reasonable price-to-book stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Indian_Bank_become_a_multibagger_from_here\"><\/span><strong>Can Indian Bank become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Indian Bank has already gained 396.82% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in reasonable price-to-book stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 32.28% a year since FY22, and FY26 revenue rose 8.72%. At a PE of 8.52 against an industry PE of 12.02, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_LIC_Indian_Bank_and_NMDC\"><\/span><strong>What is the market cap of LIC, Indian Bank and NMDC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 16 October 2026, LIC has a market cap of Rs 4,98,410 crore, Indian Bank has a market cap of Rs 1,12,680 crore and NMDC has a market cap of Rs 62,352 crore. LIC is the largest of the group. 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 reasonable price-to-book stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_reasonable_price-to-book_stocks\"><\/span><strong>What are the risks of investing in reasonable price-to-book stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are cyclical earnings, policy decisions and book values that change with market prices. Companies with steady cash flows and regular dividends handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_LIC_trading_below_its_industry_PE\"><\/span><strong>Is LIC trading below its industry PE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> LIC trades at a PE of 8.30 against an industry PE of 10.47. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 93.19% a year since FY22 and FY26 revenue rose 10.23%) and balance sheet strength before drawing a conclusion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_LIC_Indian_Bank_and_NMDC\"><\/span><strong>How much do institutions hold in LIC, Indian Bank and NMDC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 7.72% of LIC (1.55% and 6.17%), 23.63% of Indian Bank (6.86% and 16.77%) and 27.40% of NMDC (13.59% and 13.81%). Rising institutional holding is a useful signal in reasonable price-to-book stocks, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best reasonable price-to-book stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"LIC, Indian Bank and NMDC are the 3 names this list highlights, with market caps of Rs 4,98,410 crore, Rs 1,12,680 crore and Rs 62,352 crore respectively. LIC is notable for the highest return on equity at 32.53%. Indian Bank stands out for the biggest five-year price gain at 396.82%. NMDC offers 31.61% revenue growth in FY26. 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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 reasonable price-to-book stocks.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in reasonable price-to-book stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are cyclical earnings, policy decisions and book values that change with market prices. Companies with steady cash flows and regular dividends handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.\"}},{\"@type\":\"Question\",\"name\":\"Is LIC trading below its industry PE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"LIC trades at a PE of 8.30 against an industry PE of 10.47. 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