Fundamentally Strong Penny Stocks Under 10 Rs 

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Investing in fundamentally strong penny stocks under 10 Rs offers investors the potential for high returns by entering low-cost stocks. For some investors, these stocks can offer high-reward opportunities when the company falls into the category of fundamentally strong penny stocks backed by sound fundamentals, such as low debt, consistent revenues, and improving profitability. While starting a journey in the stock market, investors don’t need to spend a lot of money. 

Thus, there are some fundamentally strong stocks under 10 Rs, which we will discuss later in this article. These penny stocks are generally considered high-risk and should be approached with caution. This article will help you explore the good penny stocks under 10 Rs, including their benefits, risks, and factors to consider when choosing them.  

What are Fundamentally Strong Penny Stocks? 

A fundamentally strong penny stock is a low-priced stock from a company with strong fundamentals, such as stable financial health, sound business operations, and growth potential, despite its small size or low market price. Investors must consider stocks that have shown consistent revenue and profit growth over the years. Due to their low liquidity, buying or selling them swiftly can be difficult, and their prices tend to be highly volatile.  

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Fundamentally Strong Penny Stocks Under 10 Rs: List For 2026

Fundamentally strong penny stocks under 10 rs include Ashapuri Gold, Tilak Ventures, BAG Films, Viram Suvarn, GACM Technology, and more. These stocks could deliver multibagger returns over the period.              

Also Read: Top 10 Fundamentally Strong Penny Shares to Buy in 2026

Overview of Fundamentally Strong Penny Stocks

Ashapuri Gold Ornament Ltd.

Founded: 2008

Headquarters: Ahmedabad, Gujarat

Market Capitalisation: ₹171 crores

AGOL manufactures antique jewellery and trades in Gold Jewellery of various designs. It engaged in wholesale jewellery trading until March 2019. This jewellery was manufactured on a job-work basis in Ahmedabad and Rajkot. For FY26, the management expects a 50-55% growth in volumes (kg), with net profit growth aligned with topline expansion. The P/E ratio of this company is 9.73, and its book value is ₹4.80. Due to its high revenue growth and healthy fundamentals, with a low current market price, it falls into the category of fundamentally strong penny stocks under 10rs.

Tilak Ventures

Founded: 1980

Headquarters: Mumbai, Maharashtra

Market Capitalisation: ₹126 crores

TVL invests in long-term assets, such as equity shares and equity-related securities. It also deals in Commodity Trading and Finance services. On 11th April 2024, the company approved an increase in its Authorised Share Capital from ₹23.25 crores to ₹73.25 crores. The current market price of Tilak Ventures is ₹1.01, which is very reasonable and easy to enter due to its low costs, making it a fundamentally strong penny stock under ₹10. The company has reported total income of ₹0.70 crores in Q3FY26 and PAT of ₹0.92 crores, both down 55.50%. 

B.A.G. Films and Media Ltd

Founded:1993 

Headquarters: New Delhi

Market Capitalisation: ₹109.8 crores

BAGMFL produces programmes for all genres. It creates a wide range, from movies, daily soaps, drama, and comedy to OTT for different age groups, formats, media, and news and non-news platforms. The market capitalisation of the BAG Films & Media is ₹108 crores, with a P/E ratio of 17.0. The current market price of BAG Films & Media is ₹5.52, making it a fundamentally strong penny stock below ₹10 for long-term growth and profitability. The stock is trading at 0.69 times its book value, and the company has delivered good profit growth of 22.0% CAGR over the last 5 years.  

Viram Suvarn Rights

Founded: 15th April, 2011

Headquarters: Ahmedabad, Gujarat

Market Capitalisation: ₹100.98 crores

Viram Suvarn Rights is in the business of gold & silver jewellery & ornaments, which are either made with kundan, gem stones, etc. or just plain gold or silver. The total market capitalisation of Viram Suvarn Rights is ₹99.7 crores, and the company has a high P/E ratio of 13.9 times and a return on equity (ROE) of 14.4%. The company is almost debt-free and has recently reported net income of ₹7.52 crores in its Q3FY26 results, an increase of 102.80%. The company has highlighted the strong fundamentals, so it is beneficial to invest in this fundamentally strong penny stock below ₹10.

GACM Technologies Ltd

 Founded: 1995 

Headquarters: Hyderabad, India

Market Capitalisation: ₹66.82 crores

GACM Technologies provides financial consultancy and financial technology-related services. The company used to be in the capital market business. On 11th August 2022, the Securities Appellate Tribunal allowed the exchanges’ actions expelling the company from membership, and thus the company’s stockbroking business was discontinued. The company has delivered a good profit growth of 19.7% CAGR over the last 5 years. The CMP of GACM technologies is very low, making it accessible to investors willing to invest in a fundamentally strong penny stock under10 Rs.  

Tatia Global Venture Ltd 

 Founded: 1994

Headquarters: Chennai, India

Market Capitalisation: ₹39 crores

TVGL was incorporated in 1994 as Tatia Global Venture Ltd and is engaged in textiles and infrastructure-related projects. The market capitalisation of TVGL Ltd is ₹39.6 crores, the P/E ratio is 6.71 times, and the return on equity (ROE) is 26.5. The company’s total income for Q3FY26 was 7.80 crores, an increase of 3876.59% from the previous quarterly report. The CMP of the stock is ₹2.61, which is a very low entry cost for investors looking to invest in fundamentally strong penny stocks under 10 Rs. 

Franklin Industries Ltd

 Founded: 1983

Headquarters: Ahmedabad, Gujarat

Market Capitalisation: ₹36 crores

Franklin Industries was incorporated in 1983 and engaged in the wholesale trading of agricultural commodities and jewellery. The stock is trading at 0.32 times book value, and the company has a strong 3-year return on equity (ROE) of 44.9%. The company has a P/E ratio of 18.4% and a book value of ₹1.49. The company has reported an operating profit of ₹4.45 crores and a total net income of ₹30.14 crores, an increase of 11.18% from the previous quarter’s results. The stock is perfectly suitable for fundamentally strong penny stocks under 10 Rs and 1Rs. 

Onesource Industries & Ventures Ltd  

 Founded: 1994 

Headquarters: Bhopal, Madhya Pradesh

Market Capitalisation: ₹20.79 crores

It was incorporated in 1994 and provides consulting services. The company made a divestment in 2020, selling 100% of its investment in Avancera Business Solutions Pvt Ltd, and incurred a loss of ₹171.66 lakhs. The CMP of the stock is ₹7.43, and its book value is ₹0.12. The company’s P/E ratio is high at 7.91 times, with a return on capital employed of 42.0%. The company’s working capital requirements have reduced from 679 days to 16.6 days, and its median sales growth over the last 10 years is 39.3%, it is considered the best undervalued penny stock in India.  

Orosil Smiths India Ltd 

Founded: 1994

Headquarters: Noida, Uttar Pradesh

Market Capitalisation: ₹17.6 crores

OSIL is engaged in the manufacturing, fabrication, sale, purchase, trading, and dealing of gold, silver, and silver ornaments. On 13th March, 2025, the company approved to increase its authorised share capital from ₹8.10 crores to ₹10.884 crores. The market cap of the OSIL is ₹18.3 crores. The P/E ratio of the OSIL is 18.1, with a return on equity (ROE) of 73%. The company reported mixed earnings: revenue grew 56.06% to ₹41.09 lakhs, but it posted a net loss of ₹7.26 lakhs due to higher tax expenses in its Q3FY26 results. Investors can consider it for investing as a fundamentally strong penny stock under 10rs. 

Consecutive Commodities Ltd

 Founded: 1982 

Headquarters: Kolkata, West Bengal

Market Capitalisation: ₹14 crores

Consecutive Commodities Ltd is in the business of investment and trading in the capital market. It deals and invests in shares, stocks, bonds, debentures, obligations, and securities issued or guaranteed by any company. The company’s P/E ratio is 5.21 times, and its return on equity (ROE) is 13.7%. The total market capitalisation of Consecutive Commoditive Ltd is ₹14.9 crores, and the stock is trading at 0.79 times its book value. The CMP of the company is ₹0.93, making it easily accessible to investors seeking good penny stocks priced below 10rs. 

New Light Industries Ltd

Founded: 1959 

Headquarters: New Delhi, India

Market Capitalisation: ₹11.6 crores

NLAL was incorporated in 1995 as a certified manufacturer, specialising in garments, tailored apparel, and uniforms. It provides school uniforms, sportswear, and many more items. The company’s market capitalisation is ₹11.6 crores, with a book value of ₹1.68 crores. The company is almost debt-free, and its stock trades at 0.79 times book value. The CMP of the stock is ₹1.32, and it is best suited for investors seeking a penny stock due to its low entry costs and the opportunity to invest in a fundamentally priced stock under 10 Rs in India.   

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Fundamentally Strong Penny Stocks Under 10rs with P/E Ratio

Also Read:  Top 100 Penny Stocks | Penny Stocks to Buy Now in 2026

Factors Affecting Fundamentally Strong Penny Stocks under 10 Rs

Before investing in the best penny stocks under 10 Rs, investors should consider some factors that could affect their investment. Below, we will discuss some factors that could affect the fundamentally strong penny stocks:   

• Business Fundamentals: Investors must assess a company’s fundamentals before investing in the top small-cap stocks under ₹10. If the company is backed by strong fundamentals, such as strong earnings growth and improving revenues in its quarterly results, then it will be beneficial for them to invest in it. 
• Valuation of the company: Consider the valuation ratios, such as the P/E ratio. A low P/E ratio relative to industry peers may suggest the stock is undervalued, while a higher P/E ratio indicates the stock is overvalued. Investors must check the company’s valuation before investing in a fundamentally strong penny stock under 10 Rs. 
• Sector Outlook: The company’s performance is often linked to its sector. If the industry is growing overall, the stock may find support over time. Any decline in the industry may limit companies’ growth, even when their fundamentals are strong. 
• Liquidity Considerations: Best penny stocks under 10 Rs may have low trading volume, which can create liquidity issues. Investors must ensure that the stocks they select have adequate trading permits to facilitate easy entry and exit from positions without affecting prices. 
• Market Sentiment: Penny stocks under 10 Rs are highly volatile; any rumours or market movements can quickly impact their prices. Short-term hype often attracts investors, but it can be risky, as prices can drop as soon as they rise.   

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Fundamentally Strong Penny Stocks Under 10 Rs with P/B Ratio

Benefits of fundamentally strong penny stocks under 10 Rs

There are some benefits of investing in penny stocks under 10 Rs, which investors should know. So, below we will discuss the benefits of investing in the fundamentally strong penny stocks:    

• Low Cost: Fundamentally strong penny stocks under $10 allow investors to invest with small amounts of money, making it easier for them to start investing without worrying about large sums and to experiment without committing large amounts of capital. 
• Portfolio Diversification: By investing in fundamentally strong penny stocks priced below 10 Rs, the portfolio can be enhanced by balancing risks across different asset classes, thereby maintaining a balance between large- and small-volume stocks. 
• High growth potential: One of the big advantages of investing in the top penny stocks under 10 Rs is that small companies have a much greater growth potential than established companies, because even a small change in revenue growth and profits can lead to stock price gains. 
• Early-stage opportunity: It offers the chance to grow in the early stage by investing a small amount of money, as early investing allows investors to participate in the market on a large scale and let their investments rise in value. 

Also Read: Top 10 Penny Stocks in India  | Penny Stocks to Buy in 2026

Risks of Fundamentally Strong Penny Stocks under 10Rs

Here are some risks associated with penny stocks under 10Rs that investors should be aware of before investing. These risks include: 

• High Volatility:  Penny stocks under 10 Rs are highly volatile; any rumours or market movements can quickly impact their prices. Short-term hype often attracts investors, but it can be risky, as prices can drop as soon as they rise.
• Speculation Risks: Fundamentally strong penny stocks under 10Rs are susceptible to manipulations and scams. This makes it vital for investors to pay close attention and conduct thorough research before making any decisions. 
• Low Liquidity: The trading volumes of top penny stocks under 10Rs are mostly thin, as many investors may struggle to buy or exit at their desired price due to their low value, making it difficult to enter the market without any hustle. Investors should analyse this before investing. 
• Dilution Risks: Frequent fundraising through preferential allotments, rights issues, or warrants may dilute the company’s shareholding and negatively impact earnings per share, reducing the share price after dilution and making it riskier for investors to invest in fundamentally strong penny stocks under 10Rs.  

List of Debt-Free Penny Stocks Under 10 Rs for 2026

Debt-free penny stocks under 10 Rs include FCS Software Solutions, IL&FS Investment Managers, Landmark Property Development, Paras Petrofils, GACM Technologies, Diligent Media Corporation, Rollatainers, Debock Industries, Heads UP Ventures, and Blue Chip. 

How to Invest in the Fundamentally Strong Penny Stocks under 10rs

Investing in the top fundamentally strong penny stocks in India requires a thorough understanding of the sector, including the fundamentally strong penny stocks list. The companies in India are involved in this industry. Here are some steps to consider before investing in the best fundamentally strong penny stocks in India.  

• Research: Begin by researching fundamentally strong penny stocks at Univest, including their applications and the companies involved. Understanding market dynamics & the factors that fundamentally influence the prices of strong penny stocks is crucial. Select the best fundamentally strong penny stocks on NSE.  

• Choose a Brokerage Account: Open a Brokerage account with Univest to buy and sell the top fundamentally strong penny stocks. Look for a platform that offers comprehensive research tools and low trading fees. 

• Select Fundamentally strong penny stocks lists: Choose the best Fundamentally strong penny stocks list that aligns with your investment goals and risk tolerance. Consider factors such as the company’s financial health, growth prospects, and market position. 

• Monitor and Adjust: Continuously track the performance of your top fundamentally strong penny stocks in India on Univest and adjust your portfolio as needed. Stay informed about market trends, economic indicators, and company-specific information on the Univest app. 

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Conclusion 

Investing in a fundamentally strong penny stock under 10 rs may seem challenging due to its high volatility and low liquidity, but it is important to understand the associated risks. While a share price under 10 rs can present opportunities for growth, it’s essential to evaluate the fundamentals, and success in investing in stocks under 10 rs requires diversification through research and a long-term view. Investors must evaluate specific investment needs, risk tolerance, goals, time frame, and associated costs before selecting a fund or any other investment. Investors must do thorough research and consult a financial advisor before considering investing in these penny stocks under 10 rs. 

Also Read: Multibagger Penny Stocks for 2026 for Higher Returns

FAQs

What do you mean by a fundamentally strong penny stock? 

Ans. A fundamentally strong penny stock is a low-priced stock that belongs to a company that is backed by strong fundamentals, such as stable financial health, business operations, and growth potential, despite its small size or low market price. Investors must consider those types of stocks that reflect a consistent revenue and profit growth over the years. 

How to choose good fundamental penny stocks under 10 Rs? 

Ans.  Before investing in fundamentally strong penny stocks under 10 rs, investors must look for companies with strong balance sheets, positive cash flows, and low debt levels, even if their stock prices are low. Always evaluate the revenue trends, management quality, and growth potential. Avoid companies with unclear business models or frequent financial losses. 

Are good-fundamentals penny stocks under 10 rs suitable for beginners? 

Ans. While the low price might look attractive, beginners should be cautious. These stocks often experience high volatility due to rumours and changes in market sentiment, so they require careful analysis. Fundamentally strong penny stocks under 10 Rs are susceptible to manipulations and scams. This makes it vital for investors to pay close attention and conduct thorough research before making any decisions. 

What are the benefits of investing in the fundamentally strong penny stocks under 10 Rs?  

Ans.  One of the big advantages of investing in the top penny stocks under 10 Rs is that small companies have a much greater growth potential than established companies, because even a small change in revenue growth and profits can lead to stock price gains. It offers the chance to grow in the early stages by investing a small amount of money and is mostly beneficial for beginners. 

Can fundamentally strong penny stocks under 10 rs provide high returns? 

Ans. Yes, fundamentally strong penny stocks under 10 Rs have the potential for high returns, particularly if the companies grow and scale their operations. However, the high risk and market volatility associated with penny stocks mean that returns are not guaranteed.  Short-term hype often attracts investors, but it can be risky, as prices can drop as soon as they rise.

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