Under Rs 12500 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 12500 stocks to buy in November 2026 start with five listed names: Bajaj Auto, Craftsman Automation, Eicher Motors, Polycab India and UltraTech Cement. Stocks under Rs 12,500 include a motorcycle maker, an auto components maker, a cables maker, a premium motorcycle maker and a cement producer, priced from about Rs 7,549 to Rs 12,337. Bajaj Auto and UltraTech Cement are part of the Nifty 50 index, and Bajaj Auto and Eicher Motors are part of the Nifty Auto index.

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 under Rs 12500 stocks to buy to a portfolio. All prices are NSE closing prices of 12 November 2026, and financials come from company filings.

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Which Are the Best Under Rs 12500 Stocks to Buy in November 2026?

The best under Rs 12500 stocks to buy in November 2026 for a watchlist are Bajaj Auto, Craftsman Automation, Eicher Motors, Polycab India and UltraTech Cement. 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
Bajaj Auto	10,945	Rs 2,87,994 crore	22.47	35.71%	1.46%
Craftsman Automation	10,947	Rs 28,798 crore	54.62	11.76%	0.09%
Eicher Motors	7,549	Rs 2,00,126 crore	34.67	21.97%	1.12%
Polycab India	8,080	Rs 1,15,758 crore	36.15	24.10%	0.61%
UltraTech Cement	12,337	Rs 3,30,465 crore	37.41	11.96%	2.14%

On valuation, Bajaj Auto and Polycab India sit close to it; Craftsman Automation, Eicher Motors and UltraTech Cement carry a premium. Valuation is the first filter for any under Rs 12500 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 12500 Stocks to Buy Are in Focus

A higher share price does not mean a stock is expensive, because value depends on earnings and the number of shares. The list covers a maker of motorcycles and three-wheelers, a maker of aluminium castings and powertrain parts, a maker of wires and cables, the maker of Royal Enfield motorcycles and the largest cement producer, all of which closed below Rs 12,500 on the NSE on 12 November. Investors searching for the best stocks under Rs 12,500 in India should check earnings, valuation and debt.

Bajaj Auto: The Export-Strong Two-Wheeler Maker Among Under Rs 12500 Stocks to Buy

Bajaj Auto is a motorcycle and three-wheeler maker with a large export business and an electric scooter range. At Rs 10,945, the stock has a market capitalisation of Rs 2,87,994 crore and trades at 22.47 times earnings, while the industry P/E is 23.63.

Reported numbers show FY26 revenue of Rs 65,087 crore, up 24.0% year on year, with net profit at Rs 10,574 crore, up 44.4%. The September 2026 quarter added revenue of Rs 25,677 crore (up 57.4%) and net profit of Rs 3,384 crore (up 59.5%).

Return on equity is 35.71%, debt-to-equity is 0.72, and the dividend yield is 1.46%. Promoters hold 55.95%, foreign institutions 8.87% and domestic institutions 13.31% as of September 2026.

Craftsman Automation: The Powertrain and Aluminium Maker Among Under Rs 12500 Stocks to Buy

Craftsman Automation is a maker of powertrain, aluminium products and industrial engineering components. Its market capitalisation is Rs 28,798 crore, the share price is Rs 10,947 and the P/E of 54.62 compares with an industry P/E of 36.13.

Over FY26, net profit rose 91.2% to Rs 384 crore on revenue of Rs 8,131 crore, which was up 42.3%. The latest quarter, the September 2026 quarter, brought revenue of Rs 2,965 crore, up 47.4% year on year, and net profit of Rs 153 crore, up 68.6%.

Return on equity is 11.76%, debt-to-equity is 1.11, and the dividend yield is 0.09%. Promoters hold 42.41%, foreign institutions 16.46% and domestic institutions 33.63% as of September 2026. Domestic institutional holding has risen from 24.37% to 33.63% over the last year. A point to keep in view: debt is higher than most names on this list.

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Eicher Motors: The Premium Motorcycle Name Among Under Rs 12500 Stocks to Buy

Eicher Motors is the owner of Royal Enfield motorcycles and a commercial-vehicle joint venture with Volvo. The stock trades at Rs 7,549 with a market capitalisation of Rs 2,00,126 crore and a P/E of 34.67, against an industry P/E of 23.63.

FY26 revenue rose 23.4% to Rs 24,894 crore and net profit rose 16.5% to Rs 5,515 crore. In the June 2026 quarter, revenue grew 29.4% year on year to Rs 7,099 crore, while net profit grew 21.3% to Rs 1,463 crore.

Return on equity is 21.97%, debt-to-equity is 0.02, and the dividend yield is 1.12%. Promoters hold 49.02%, foreign institutions 24.02% and domestic institutions 17.60% as of September 2026. Domestic institutional holding has risen from 14.72% to 17.60% over the last year.

Polycab India: The Wires and Cables Leader Among Under Rs 12500 Stocks to Buy

Polycab India is India's largest wires and cables maker, which also sells fans, lighting and switchgear. At Rs 8,080, the stock has a market capitalisation of Rs 1,15,758 crore and trades at 36.15 times earnings, while the industry P/E is 39.42.

Reported numbers show FY26 revenue of Rs 29,120 crore, up 28.8% year on year, with net profit at Rs 2,708 crore, up 32.4%. The September 2026 quarter added revenue of Rs 9,987 crore (up 53.1%) and net profit of Rs 990 crore (up 42.9%).

Return on equity is 24.10%, debt-to-equity is 0.02, and the dividend yield is 0.61%. Promoters hold 61.44%, foreign institutions 18.06% and domestic institutions 7.73% as of September 2026. Foreign institutional holding has risen from 13.97% to 18.06% over the last year.

UltraTech Cement: The Capacity Leader Among Under Rs 12500 Stocks to Buy

UltraTech Cement is India's largest cement company by capacity, with a pan-India plant network. Its market capitalisation is Rs 3,30,465 crore, the share price is Rs 12,337 and the P/E of 37.41 compares with an industry P/E of 30.93.

Over FY26, net profit rose 35.6% to Rs 8,188 crore on revenue of Rs 89,089 crore, which was up 16.2%. The latest quarter, the September 2026 quarter, brought revenue of Rs 23,406 crore, up 18.3% year on year, and net profit of Rs 1,501 crore, up 21.3%.

Return on equity is 11.96%, debt-to-equity is 0.40, and the dividend yield is 2.14%. Promoters hold 58.48%, foreign institutions 12.69% and domestic institutions 20.86% as of September 2026. Domestic institutional holding has risen from 16.65% to 20.86% 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 under Rs 12500 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Bajaj Auto	24.0%	44.4%	Sep 2026	57.4%	59.5%
Craftsman Automation	42.3%	91.2%	Sep 2026	47.4%	68.6%
Eicher Motors	23.4%	16.5%	Jun 2026	29.4%	21.3%
Polycab India	28.8%	32.4%	Sep 2026	53.1%	42.9%
UltraTech Cement	16.2%	35.6%	Sep 2026	18.3%	21.3%

Factors That Move Under Rs 12500 Stocks to Buy

Four factors tend to drive under Rs 12500 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Two-wheelers, auto parts, cables and cement differ.
• Dividends: UltraTech Cement yields about 2.1%.
• Valuation: P/E runs from about 22 to 55.

Risks to Keep in Mind Before Buying Under Rs 12500 Stocks

The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Craftsman Automation trades at a P/E near 55 while Bajaj Auto trades near 22, and Craftsman Automation carries the highest borrowings of the five. Check results every quarter.

On the numbers, Craftsman Automation trades at the highest P/E on this list at 54.62, so its earnings need to keep growing to support the price. Under Rs 12500 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 Under Rs 12500 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Check P/E: Bajaj Auto trades lowest.
• Read ROE: Bajaj Auto leads.
• Diversify: Spread across the four sectors.

How to Invest in Under Rs 12500 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

Bajaj Auto offers both the lowest P/E on this list at 22.47 and the highest return on equity at 35.71%, and Craftsman Automation posted the fastest net profit growth in its latest full year at 91.2%. Among the best under Rs 12500 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 under Rs 12500 stocks to buy.

Frequently Asked Questions on Under Rs 12500 Stocks to Buy

Which are the best under Rs 12500 stocks to buy in November 2026?

Ans. The five under Rs 12500 stocks on the November 2026 watchlist are Bajaj Auto, Craftsman Automation, Eicher Motors, Polycab India and UltraTech Cement. Bajaj Auto has both the lowest P/E at 22.47 and the highest ROE at 35.71%, and Craftsman Automation grew net profit 91.2% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is UltraTech Cement a good stock to buy from this Under Rs 12500 list?

Ans. UltraTech Cement is the largest company on this list with a market capitalisation of Rs 3,30,465 crore and a P/E of 37.41 against an industry P/E of 30.93. Its FY26 revenue rose 16.2% and net profit rose 35.6%, with return on equity at 11.96%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.

Are these under Rs 12500 stocks expensive right now?

Ans. Valuations vary across the group. Bajaj Auto trades at a P/E of 22.47, Craftsman Automation trades at a P/E of 54.62, Eicher Motors trades at a P/E of 34.67, Polycab India trades at a P/E of 36.15, UltraTech Cement trades at a P/E of 37.41, against industry multiples ranging from 23.63 to 39.42. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these under Rs 12500 stocks pay a dividend?

Ans. Dividend yields on this list are Bajaj Auto 1.46%, Craftsman Automation 0.09%, Eicher Motors 1.12%, Polycab India 0.61%, UltraTech Cement 2.14%. 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. Bajaj Auto has the highest ROE on this list at 35.71%, followed by Polycab India at 24.10% and Eicher Motors at 21.97%. 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 under Rs 12500 stocks?

Ans. The main risks are price levels that say little about value, one high valuation and cement demand swings. On this list, Craftsman Automation trades at the highest P/E of 54.62, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.

How can I invest in under Rs 12500 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.