High ROE Low PE Stocks to Buy in November 2026: 5 Names on the Watchlist

The high ROE low PE stocks to buy in November 2026 start with five listed names: Hindustan Zinc, Lupin, Hero MotoCorp, Genus Power Infrastructures and Bank of Maharashtra. High ROE low PE stocks are companies that earn strong returns on shareholder money while their shares trade at a modest multiple of earnings.

This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these high ROE low PE stocks to buy to a portfolio. All prices are NSE closing prices of 4 November 2026, and financials come from company filings.

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Which Are the Best High ROE Low PE Stocks to Buy in November 2026?

The best high ROE low PE stocks to buy in November 2026 for a watchlist are Hindustan Zinc, Lupin, Hero MotoCorp, Genus Power Infrastructures and Bank of Maharashtra. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.

Company	CMP (Rs)	Market Cap	P/E	ROE	Dividend Yield
Hindustan Zinc	550.15	Rs 2,14,435 crore	10.29	69.51%	1.97%
Lupin	2,009	Rs 91,367 crore	16.46	23.76%	0.90%
Hero MotoCorp	5,400	Rs 1,06,086 crore	19.33	26.57%	3.49%
Genus Power Infrastructures	287.20	Rs 8,470 crore	13.00	26.71%	0.18%
Bank of Maharashtra	79.61	Rs 62,225 crore	7.77	22.53%	1.48%

On valuation, Lupin, Hero MotoCorp, Genus Power Infrastructures and Bank of Maharashtra trade below the industry P/E; Hindustan Zinc sits close to it. Valuation is the first filter for any high ROE low PE stocks to buy list, and it is covered again in the risk section.

Why These High ROE Low PE Stocks to Buy Are in Focus

In this list, return on equity is above 22% for every company, reaching about 69.5% at the top, and the P/E is at or below the industry average for every company. The list covers a zinc producer, a pharma company, a two-wheeler maker, a metering solutions maker and a public sector bank. Investors comparing the best high ROE low PE stocks in India usually check whether the high return can last and whether the low P/E reflects a real valuation gap or a cyclical peak.

Hindustan Zinc: The Zinc Producer Among High ROE Low PE Stocks to Buy

Hindustan Zinc is one of the world's largest integrated zinc producers, majority-owned by Vedanta. Its market capitalisation is Rs 2,14,435 crore, the share price is Rs 550.15 and the P/E of 10.29 compares with an industry P/E of 10.98.

Over FY26, net profit rose 33.6% to Rs 13,832 crore on revenue of Rs 41,934 crore, which was up 19.6%. The latest quarter, the September 2026 quarter, brought revenue of Rs 15,467 crore, up 76.0% year on year, and net profit of Rs 6,412 crore, up 142.1%.

Return on equity is 69.51%, debt-to-equity is 0.22, and the dividend yield is 1.97%. Promoters hold 60.71%, foreign institutions 2.36% and domestic institutions 4.85% as of September 2026. Foreign institutional holding has risen from 1.31% to 2.36% over the last year.

Lupin: The Global Generics Player Among High ROE Low PE Stocks to Buy

Lupin is a global generics and specialty pharma company with strong respiratory, cardiac and anti-diabetic products. The stock trades at Rs 2,009 with a market capitalisation of Rs 91,367 crore and a P/E of 16.46, against an industry P/E of 37.65.

FY26 revenue rose 26.8% to Rs 29,039 crore and net profit rose 62.0% to Rs 5,355 crore. In the June 2026 quarter, revenue grew 32.5% year on year to Rs 8,407 crore, while net profit grew 16.0% to Rs 1,417 crore.

Return on equity is 23.76%, debt-to-equity is 0.29, and the dividend yield is 0.90%. Promoters hold 46.84%, foreign institutions 23.28% and domestic institutions 23.78% as of September 2026. Foreign institutional holding has risen from 20.49% to 23.28% over the last year.

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Hero MotoCorp: The Volume Two-Wheeler Leader Among High ROE Low PE Stocks to Buy

Hero MotoCorp is India's largest two-wheeler maker by volume, with a broad commuter and scooter range. At Rs 5,400, the stock has a market capitalisation of Rs 1,06,086 crore and trades at 19.33 times earnings, while the industry P/E is 23.63.

Reported numbers show FY26 revenue of Rs 48,469 crore, up 15.5% year on year, with net profit at Rs 5,776 crore, up 32.0%. The September 2026 quarter added revenue of Rs 15,172 crore (up 21.8%) and net profit of Rs 1,861 crore (up 40.8%).

Return on equity is 26.57%, debt-to-equity is 0.04, and the dividend yield is 3.49%. Promoters hold 34.72%, foreign institutions 32.22% and domestic institutions 23.94% as of September 2026. Foreign institutional holding has risen from 28.76% to 32.22% over the last year.

Genus Power Infrastructures: The Smart Meter Maker Among High ROE Low PE Stocks to Buy

Genus Power Infrastructures is a smart meter and metering solutions maker. Its market capitalisation is Rs 8,470 crore, the share price is Rs 287.20 and the P/E of 13.00 compares with an industry P/E of 42.51.

Over FY26, net profit rose 91.7% to Rs 565 crore on revenue of Rs 4,821 crore, which was up 91.0%. The latest quarter, the June 2026 quarter, brought revenue of Rs 1,407 crore, up 46.0% year on year, and net profit of Rs 175 crore, up 35.6%.

Return on equity is 26.71%, debt-to-equity is 1.04, and the dividend yield is 0.18%. Promoters hold 39.34%, foreign institutions 7.43% and domestic institutions 4.74% as of September 2026. Domestic institutional holding has risen from 3.35% to 4.74% over the last year. A point to keep in view: debt is higher than most names on this list.

Bank of Maharashtra: The Growing Public Sector Bank Among High ROE Low PE Stocks to Buy

Bank of Maharashtra is a public sector bank with a strong presence in Maharashtra and a growing loan book. The stock trades at Rs 79.61 with a market capitalisation of Rs 62,225 crore and a P/E of 7.77, against an industry P/E of 11.45.

FY26 revenue rose 15.6% to Rs 32,824 crore and net profit rose 26.6% to Rs 7,017 crore. In the September 2026 quarter, revenue grew 22.1% year on year to Rs 9,736 crore, while net profit grew 41.4% to Rs 2,310 crore.

Return on equity is 22.53%, and the dividend yield is 1.48%. Promoters hold 73.60%, foreign institutions 6.51% and domestic institutions 13.77% as of September 2026. Domestic institutional holding has risen from 10.05% to 13.77% over the last year.

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Growth Snapshot: Latest Full Year and Latest Quarter

The table compares year-on-year growth in revenue and net profit for all five high ROE low PE stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Hindustan Zinc	19.6%	33.6%	Sep 2026	76.0%	142.1%
Lupin	26.8%	62.0%	Jun 2026	32.5%	16.0%
Hero MotoCorp	15.5%	32.0%	Sep 2026	21.8%	40.8%
Genus Power Infrastructures	91.0%	91.7%	Jun 2026	46.0%	35.6%
Bank of Maharashtra	15.6%	26.6%	Sep 2026	22.1%	41.4%

Factors That Move High ROE Low PE Stocks to Buy

Four factors tend to drive high ROE low PE stocks, and each one is worth checking before a purchase.

• Return on equity: High returns show capital is used well.
• Valuation gap: Compare P/E with the industry.
• Source of returns: Check what drives the high ROE.
• Cycle position: Metals and pharma earnings can peak.

Risks to Keep in Mind Before Buying High ROE Low PE Stocks

The first risk is that a high ROE in metals can reflect a strong price cycle that may not last. The second is that a low P/E can persist if the market expects profit to ease. Banks, pharma, two-wheelers and meters follow different drivers.

On the numbers, Hero MotoCorp trades at the highest P/E on this list at 19.33, so its earnings need to keep growing to support the price. High ROE Low PE stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.

How to Choose High ROE Low PE Stocks to Buy

• Check consistency: ROE should hold over several years.
• Study debt: High ROE with high debt needs care.
• Compare with peers: Use the industry P/E.
• Review results: Track quarterly profit.

How to Invest in High ROE Low PE Stocks

1. Shortlist two or three companies from this list that match your risk appetite.
2. Open the Univest Screener and compare P/E, ROE and debt for each stock.
3. Check the latest quarterly results and shareholding pattern on NSE or BSE.
4. Decide an amount you can hold for three to five years and split it into two or three purchases.
5. Review the holding after every quarterly result instead of reacting to daily price moves.

Conclusion

Bank of Maharashtra offers the lowest P/E on this list at 7.77, Hindustan Zinc has the highest return on equity at 69.51%, and Genus Power Infrastructures posted the fastest net profit growth in its latest full year at 91.7%. Among the best high ROE low PE stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these high ROE low PE stocks to buy.

Frequently Asked Questions on High ROE Low PE Stocks to Buy

Which are the best high ROE low PE stocks to buy in November 2026?

Ans. The five high ROE low PE stocks on the November 2026 watchlist are Hindustan Zinc, Lupin, Hero MotoCorp, Genus Power Infrastructures and Bank of Maharashtra. Bank of Maharashtra has the lowest P/E at 7.77, Hindustan Zinc has the highest ROE at 69.51%, and Genus Power Infrastructures grew net profit 91.7% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is Hindustan Zinc a good stock to buy from this High ROE Low PE list?

Ans. Hindustan Zinc is the largest company on this list with a market capitalisation of Rs 2,14,435 crore and a P/E of 10.29 against an industry P/E of 10.98. Its FY26 revenue rose 19.6% and net profit rose 33.6%, with return on equity at 69.51%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.

Are these high ROE low PE stocks expensive right now?

Ans. Valuations vary across the group. Hindustan Zinc trades at a P/E of 10.29, Lupin trades at a P/E of 16.46, Hero MotoCorp trades at a P/E of 19.33, Genus Power Infrastructures trades at a P/E of 13.00, Bank of Maharashtra trades at a P/E of 7.77, against industry multiples ranging from 10.98 to 42.51. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these high ROE low PE stocks pay a dividend?

Ans. Dividend yields on this list are Hindustan Zinc 1.97%, Lupin 0.90%, Hero MotoCorp 3.49%, Genus Power Infrastructures 0.18%, Bank of Maharashtra 1.48%. Yields differ widely across the group, so check payout history and earnings cover before relying on any of them for income, since payouts can change with company profits.

Which stock on this list has the highest return on equity?

Ans. Hindustan Zinc has the highest ROE on this list at 69.51%, followed by Genus Power Infrastructures at 26.71% and Hero MotoCorp at 26.57%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.

What are the risks of investing in high ROE low PE stocks?

Ans. The main risks are peak-cycle returns in metals, a low P/E that may persist and differing sector drivers. On this list, Hero MotoCorp trades at the highest P/E of 19.33, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.

How can I invest in high ROE low PE stocks in India?

Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.