Multibagger stock ideas: Highest Book Value Stocks in India: Top Undervalued Picks

2 Indian Stocks With Highest Book Value But Very Low Share Price (2026 Analysis)

Globe Commercials Ltd and E & E Enterprises Limited are two Indian micro-cap stocks where book value is extremely high compared to current market price. However, low profitability and weak financial ratios make them high-risk investments.

Investors searching for undervalued Indian stocks often look for companies where book value is significantly higher than the share price. This article provides a complete 2026 analysis of two such companies and explains whether they are hidden opportunities or potential value traps.

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Quick Comparison Table (Featured Snippet Optimized)

Stock	Price (₹)	Book Value (₹)	Market Cap	ROE
Globe Commercials Ltd	18.8	1,180	₹11.3 Cr	7.30%
E & E Enterprises Ltd	15.8	26,805	₹0.38 Cr	0.02%

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1️⃣ Globe Commercials Ltd – Detailed Analysis

Business: Trading in agricultural produce, commodities and logistics services since 1985.

• P/E Ratio: 0.40
• ROCE: 10.1%
• 52 Week High/Low: ₹41 / ₹15.4

Short Term Targets

• ₹22
• ₹26
• ₹30
• ₹34
• ₹38

Medium Term Targets

• ₹45
• ₹60
• ₹75
• ₹95
• ₹120

Long Term Targets

• ₹180
• ₹250
• ₹350
• ₹500
• ₹700+

Strong Support Levels

• ₹17
• ₹15.5
• ₹14
• ₹12
• ₹10

Strong Resistance Levels

• ₹22
• ₹30
• ₹41
• ₹60
• ₹100

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2️⃣ E & E Enterprises Limited – Detailed Analysis

Business: Finance and investment activities since 1988.

• Dividend Yield: 6.33%
• ROCE: 0.05%
• ROE: 0.02%

Short Term Targets

• ₹18
• ₹22
• ₹26
• ₹30
• ₹35

Medium Term Targets

• ₹45
• ₹60
• ₹80
• ₹110
• ₹150

Long Term Targets

• ₹250
• ₹400
• ₹600
• ₹900
• ₹1500+

Strong Support Levels

• ₹14
• ₹12
• ₹10.2
• ₹9
• ₹7

Strong Resistance Levels

• ₹18
• ₹25
• ₹35
• ₹60
• ₹100

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Why Are These Stocks Trading Below Book Value?

1. Very low return on equity
2. Micro-cap size and low liquidity
3. Limited institutional participation
4. Weak earnings growth
5. High perceived business risk

Markets price future growth, not just asset value. A high book value alone does not guarantee price appreciation.

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Should You Invest for Long Term?

These stocks are suitable only for high-risk investors who understand micro-cap volatility. Conservative investors should avoid allocating large capital.

Expert View: Invest only a small percentage of your portfolio and monitor quarterly financial performance closely.

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Risk Factors

• Low trading volume
• Sharp price fluctuations
• Weak profitability ratios
• Corporate governance concerns
• Business growth uncertainty

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Frequently Asked Questions

Which Indian stocks have highest book value but low price?

Globe Commercials Ltd and E & E Enterprises Ltd are examples where book value is significantly higher than current share price.

Is high book value a good sign?

It can indicate undervaluation, but only if the company generates sustainable profits and growth.

Are these stocks multibagger opportunities?

They have potential if business performance improves, but risk remains very high.

Why is ROE important for value investing?

ROE shows how efficiently management uses shareholder funds to generate profit.

Should beginners invest in micro-cap stocks?

Beginners should focus on fundamentally strong large-cap companies before considering micro-caps.

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Piyush Sharma

Qualifications: MBA (India), MBA (Australia), Master of Professional Accounting (Australia).

18+ years in the Indian stock market and running this website for 15+ years. Founder of PS International Group and Hamarijeet.com — popular for study-visa guidance, career help, government schemes, jobs and digital product updates.

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