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Equity investments include investments in different types of stocks classified based on class, ownership, market capitalization, price volatility, economic trends, and profit sharing. One of the types is the penny stock, which trades on the stock market at a very low price, usually below Rs.20 or Rs.50. In this article, we shall discuss the top ten penny stocks priced under Rs.10 on the stock exchange.
What Are Penny Stocks?
Penny stocks are low-priced shares of small public companies, often traded below Rs.20 or Rs.50. These stocks attract investors looking for affordable opportunities with the potential for high returns. However, they come with risks, including limited liquidity, price volatility, and lower regulatory oversight.
Since penny stocks trade infrequently, their prices can fluctuate sharply based on market demand. This unpredictability makes them appealing to traders who seek quick gains or look for multi-bagger penny stocks, but it also means that investors should be cautious. While some stocks in this category belong to emerging businesses with growth potential, others may lack financial stability, increasing the risk of losses.
Despite the risks, penny stocks allow new investors to experiment with the stock market at a lower entry cost. Their speculative nature means trading doesn’t always require complex technical analysis, but a strategic approach can help navigate price movements. For businesses, these stocks offer a way to raise capital before moving to larger exchanges.
Top Penny Stock Under 10:
Based on the net profits for the quarter ending December 2024, the list of top penny stocks under Rs.10 as of 18th February 2025 is as follows-
| Name | Share Price | Mar Cap Rs.Cr. | NP Qtr Rs.Cr. | NP 12M Rs.Cr. | Net worth Rs.Cr. | P/E | Ind PE | ROCE % | 3 yr return % |
| Spright Agro | 6.48 | 694.34 | 7.09 | 26.08 | 123.98 | 26.62 | 29.82 | 38.62 | 671.43 |
| Sarveshwar Foods | 7.05 | 690.08 | 7.08 | 22.45 | 288.37 | 30.75 | 30.27 | 11.77 | 232.54 |
| Davangere Sugar | 5.15 | 484.54 | 6.77 | 13.55 | 342.19 | 35.76 | 11.75 | 6.86 | NA |
| Ashapuri Gold | 7.88 | 262.64 | 4.19 | 13.41 | 142.43 | 19.58 | 34.95 | 10.3 | 35.11 |
| Kritika Wires | 8.74 | 232.73 | 2.12 | 11.79 | 88.9 | 19.74 | 24.23 | 15.68 | NA |
| Shish Industries | 8.75 | 332.06 | 1.73 | 10.77 | 99.63 | 30.82 | 27.54 | 21.41 | 156.64 |
| Shangar Decor | 5.01 | 49.06 | 1.47 | 2.97 | 8.25 | 16.52 | 27.05 | 6.94 | 3.15 |
Source: Screener and MoneyControl
Overview Of The Top Penny Stocks Under Rs.10:
Spright Agro Limited:
Spright Agro Limited, established in 1994, has been engaged in the development of agricultural and forest resource-based industries for over three decades. The company operates across various segments, including contract farming, greenhouse technology, modern agro-farming, aeroponics, hydroponics, organic farming, cold storage, B2B agriculture, B2C retail, and exports.
The company cultivates and processes a range of agricultural and horticultural crops, including medicinal and aromatic plants, through owned and leased farms. Additionally, it functions as a manufacturer, importer, exporter, wholesaler, and retailer of agricultural commodities.
In FY2024, Spright Agro Limited reported a total revenue of Rs. 72.47 crore and a net profit of Rs. 11.62 crore. For Q3 FY2025, the company achieved net sales of Rs. 54.91 crore, marking a 142.13% increase from Rs. 22.68 crore in Q3 FY2024. Plus, quarterly net profit stood at Rs. 7.09 crore, reflecting a 28.88% year-on-year growth.
Source: Money Control
Sarveshwar Foods Limited:
Incorporated in 2004, Sarveshwar Foods Ltd (SFL) is engaged in the processing and marketing of branded and unbranded basmati and non-basmati rice for domestic and international markets. A part of the Sarveshwar Group, the company operates out of Jammu and Kashmir, with a distribution network spanning 500+ distributors and 800+ retail outlets across India. Internationally, it has a presence in 45+ countries.
The company owns two USFDA- and BRC-approved processing facilities in Jammu and Kashmir. Sarveshwar Foods is also the first company in Jammu & Kashmir to receive a Geographical Indication (GI) tag for Basmati Rice from APEDA under the Ministry of Commerce & Industry. Additionally, the company markets organic food products under its brand “Nimbark”.
In April 2024, Sarveshwar Foods acquired a 100% stake in Green Point Pte. Ltd., a Singapore-based company, making it a wholly owned subsidiary. The company reported Rs.869.59 crore in revenue for FY24, marking a 26% growth from the previous year. Plus, EBITDA increased by 56% to Rs.63.06 crore, and profit after tax (PAT) doubled to Rs.16.78 crore. For the December 2024 quarter, the company’s revenue stood at Rs.282.14 crore, with a profit of Rs.7.07 crore.
Source: Annual Report
Davangere Sugar Company Limited:
Davangere Sugar Company Limited (DSCL) was incorporated in 1970 as a joint sector company with investments from Karnataka Agro Industries Corporation, financial institutions, and local farmers. It began commercial sugar production in 1974, and the Karnataka government managed its operations until 1995 when the Shamanur Group acquired its shares and took over management.
DSCL has since expanded beyond sugar into ethanol and sustainable power. It operates a 65 KLPD ethanol unit and a 24.45 MW co-generation power plant while sourcing sugarcane from 4,800 hectares, supported by a network of 4,990 farmers as of 31st March 2024. Plus, in FY2024, the company reported Rs.216.53 crore in revenue, Rs.12.23 crore in profit, a 5.65% net profit margin, and a debt-equity ratio of 0.8.
Source: Annual Report
Ashapuri Gold Ornament Limited:
Ashapuri Gold Ornament Ltd. (AGOL), incorporated in 2008, is engaged in the manufacturing and trading of gold ornaments and jewelry of various designs. Initially focused on wholesale jewelry trading until March 2019, the company transitioned into manufacturing, outsourcing production through job work in Ahmedabad and Rajkot.
With over 25 years in the industry, AGOL serves 30+ corporate clients, including Tanishq, Malabar Gold & Diamonds, and Joyalukkas. Plus, its portfolio houses high-end brands like Kaavis and Maayin.
For FY2024, AGOL reported a revenue of Rs.165.06 crore and a net profit of Rs.7.42 crore. In Q3 FY2024, net sales rose by 103.03% YoY to Rs.101.45 crore, while net profit increased by 101.94% YoY to Rs.4.19 crore. EBITDA for the quarter stood at Rs.5.59 crore, reflecting a 74.69% YoY growth.
Source: Company Report
Know More: SEBI Registered investment advisory | Stock investment advisory
Kritika Wires Limited:
Kritika Wires Ltd, incorporated in 2004, is engaged in the manufacturing, export, and supply of industrial steel wires and galvanized wires. The company operates a manufacturing facility at Sankrail Industrial Park, Howrah, with a total installed capacity of 66,200 MTPA. It caters to both government and private sector clients, including Bajaj Electricals, Godrej & Boyce, Kalpataru Power Transmission, Tata Projects, Voltas, and Power Grid Corporation of India Limited.
The company specializes in the production and sale of winding wires, serving both industrial and retail segments. In FY2024, the company reported revenue from operations of Rs.431.73 crore, compared to Rs.282.30 crore in FY2023. Net profit stood at Rs.10.40 crore, with a net profit ratio of 2.35%. For the December 2024 quarter, net sales increased by 93.76% year-on-year to Rs.178.93 crore, while net profit grew by 12.86% to Rs.2.12 crore. EBITDA rose by 31.75% to Rs.5.56 crore.
Source: Annual Report
Bottomline:
Investing in shares below 10 rupees can be an attractive opportunity for investors looking to enter the stock market with a lower capital outlay. However, these small-cap stocks have inherent risks, given their high volatility, low liquidity, and limited financial disclosures. Prices can fluctuate sharply due to speculative trading, and some companies may lack the financial stability to sustain long-term growth.
Therefore, a well-researched approach, backed by insights from a stock market advisory company, can help you make informed decisions. While penny stocks offer the potential for high returns, carefully evaluating a company’s fundamentals, management quality, and market trends is crucial before investing.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
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FAQ
Are penny stocks and small-cap stocks the same?
No, penny stocks and small-cap stocks are not the same. Penny stocks trade at a very low price (usually below Rs.10, Rs.20, or Rs.50), while small-cap stocks refer to companies with a market capitalization between Rs.5,000 crore and Rs.20,000 crore, regardless of their share price.
What are the risks of investing in penny stocks below Rs.10?
Investing in penny stocks below Rs.10 carries risks such as low liquidity, high price volatility, limited financial disclosures, and potential market manipulation, making them unpredictable and challenging to trade.
What is a multi-bagger stock?
A multi-bagger stock delivers returns several times its initial investment, often due to strong growth potential, efficient management, or industry expansion.
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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
