Engaging in the realm of penny stock investments comes with inherent speculation and risk, given their typical association with smaller enterprises boasting limited track records and diminished market capitalizations. Penny stocks usually have a current market price (CMP) resting at INR 50 or below. When an investment in penny stocks yields exponential returns, it earns the coveted title of a multibagger penny stocks in India.
Investing in penny stocks can be enticing, but finding multibagger penny stock is tedious. Penny stocks in India have given multibagger returns in the past. Some benefits of investing in multibagger penny stocks are low entry cost, high returns, early growth and portfolio diversification.
But caution is the key and do thorough research before investing. In investing you have to do thorough research, weigh the risks and these factors become even more important in case of penny stocks.
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In this article, we provide you with some advice on how to identify multibagger penny stocks in India:
- Research thoroughly
- Look for earnings and revenue growth
- Assess market potential
- Check debt levels
- Evaluate management quality
- Stay informed about industry trends
- Understand the regulatory environment
- Ensure liquidity and trading volume
- Check analyst coverage
- Practice risk management
Multibagger Penny Stocks in India
Top 10 Penny Stocks India
| Company | CMP (INR) | P/E Ratio | ROCE (%) | 1 Year Returns (%) |
|---|---|---|---|---|
| Daulat Securities | 40.39 | 5.46 | 25.21 | -2.63 |
| Comfort Fincap | 9 | 14.44 | 12.53 | 3.33 |
| B N Rathi Securities | 23.9 | 9.67 | 28.54 | -18.23 |
| Indbank Merchant | 34.7 | 17.92 | 13.28 | -29.57 |
| Shardul Securities | 44.88 | 3.11 | 28.87 | -18.37 |
| Gilada Finance | 12.1 | 10.14 | 12.13 | 19.21 |
| Aakash Exploration Services | 9.3 | 16.56 | 12.63 | -23.83 |
| Joindre Capital Services | 52.79 | 7.64 | 13.21 | 1.54 |
| Coral India Finance & Housing | 45.02 | 7.33 | 14.16 | -6.09 |
| Airan | 30.9 | 12.4 | 12.75 | 10.95 |
#1 Daulat Securities – One of the Popular Penny Stocks in India
Daulat Securities, established in 1992 and headquartered in Kolkata, is a key player among Penny Stocks in India with a focus on stock broking and depository participant services. The company is a member of the National Securities Depository (NSDL) and offers services including buying, selling, trading, transferring, and intermediation of financial instruments.
In the quarter ended 31 December 2024, Daulat Securities reported a net loss of INR 0.68 crore, Daulat Securities continues to position itself among Multibagger Penny Stocks poised for a turnaround. With the trading window closed in early 2025 pending financial results, Daulat could be a hidden gem in the Multibagger Penny Stocks for 2025 list.
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#2 Comfort Fincap – First Choice in Multibagger Penny Stocks for 2030
Comfort Fincap, established in 1982, is gaining traction as one of the Top 10 Penny Stocks India for its strong presence in the non-banking finance sector. The company offers financial solutions like loans against shares, securities and properties and corporate and personal loans. Over the last 3 years Comfort Fincap has shown consistent growth with total income and net profit growing at a CAGR of 7.69% and 7.25% respectively.
In recent developments, Comfort Fincap has entered into a service agreement with Jetfinx Services LLP to expand into retail lending services, diversifying its portfolio beyond traditional NBFC operations. ​As a strong candidate among Multibagger Penny Stocks for 2030, Comfort Fincap is worth watching for investors seeking long-term wealth creation through Penny Stocks in India.
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#3 B N Rathi Securities
B N Rathi Securities, a Hyderabad-based financial service provider since 1985, is an emerging name among Multibagger Penny Stocks. It offers a broad suite of trading and investment services, including internet-based trading through its proprietary platform. The company’s recent upgrade of the BNRSL PrimeTrade Mobile App reflects its focus on digital expansion.
With steady performance in FY 2024-25 and proactive business initiatives, B N Rathi Securities ranks among the top 10 penny stocks India to watch for potential multi-fold returns by 2025 and beyond.
#4 Indbank Merchant Banking Services
A subsidiary of Indian Bank, Indbank Merchant Banking Services stands out among Multibagger Penny Stocks for 2025 due to its diversified offerings in merchant banking, stock broking, and financial advisory.
Incorporated in 1989, Indbank reported a 27% year-on-year revenue growth to INR 28.2 crore recently, showcasing its turnaround momentum. As one of the oldest players among Penny Stocks in India, Indbank’s strong parentage and new business expansions put it on the radar for long-term investors seeking Multibagger Penny Stocks for 2030.
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#5 Shardul Securities
Shardul Securities, operating from Mumbai, is a diversified NBFC listed among promising Multibagger Penny Stocks. Although the company reported a quarterly loss in Q3 FY25, it maintains an impressive 5-year CAGR profit growth of 202%.
The upcoming 1:5 stock split scheduled for January 2025 adds further intrigue for investors tracking Top 10 Penny Stocks India. Given its strong fundamentals despite short-term setbacks, Shardul Securities is considered among high-potential Penny Stocks in India for long-term wealth building, possibly peaking by 2030.
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#6 Gilada Finance & Investments
Gilada Finance & Investments, incorporated in 1994 and based in Bangalore, provides financial services to micro and small entrepreneurs. The company offers SME loans, vehicle loans and mortgage loans to bridge the financing gap for underserved segments.
As of 31st Dec 2024 the company has income of INR 1.76 crore and profit of INR 0.50 crore. Gilada Finance held its 30th Annual General Meeting on 24th Sep 2024 and continues to support underserved segments in the financial market.
#7 Aakash Exploration Services
Aakash Exploration Services, based in Ahmedabad, provides oil and gas field services like air drilling, workover operations and coil tubing services. The company is ISO 9001, 14001 and OHSAS 18001 certified and serves clients like ONGC, GSPCL, Cairn, Essar and Oil India.
For the quarter ended 31st Dec 2024 Aakash Exploration reported a profit of INR 0.26 crore on a total income of INR 23.67 crore. The company continues to expand its services in the oil and gas sector, leveraging its expertise and certifications.​
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#8 Joindre Capital Services
Joindre Capital Services, established in 1995, offers share stock broking and related activities in India. The company acts as a stockbroker to execute proprietary trades and also trades on behalf of its clients, including retail customers, mutual funds, and corporate clients.
In recent developments, Joindre Capital Services faced regulatory scrutiny, with SEBI conducting a search at one of its director’s residences in March 2025. Despite this, Joindre continues to provide investment services through its subsidiary, Joindre Commodities.
#9 Coral India Finance & Housing
Coral India Finance & Housing, incorporated in 1995 and based in Mumbai, operates in finance, resort, and construction segments, developing commercial complexes and residential projects. ​The company reported a 1-year stock performance of 79.45% as of September 2024, indicating strong growth in the finance/NBFC industry. Coral India held its 30th Annual General Meeting on August 30, 2024, and continues to expand its presence in the housing development sector.
#10 Airan
Airan is an IT company based in Ahmedabad, Gujarat, that offers services such as IT consultancy, data processing, hosting, and software development. Airan has expertise in back and front office management, field operations, and software development. The company also has international presence, particularly in UK where it is into IT consultancy and related services.
This little known stock has jumped over 75% in last one year on the back of improved earnings. Airan is pretty much debt-free, has a strong export market with high growth prospects, and has high promoter holding, making it a potential multibagger stock.
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Conclusion – Top 10 Multibagger Penny Stocks for 2025
Bear in mind that delving into penny stocks carries an elevated risk level, with no assurances of returns. Stay informed; keep reviewing your investments and adjust your strategy as per market changes. Before investing seek guidance from a financial advisor to ensure your decisions are in line with your financial goals.
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Top 10 Penny Stocks India – FAQs
What is the definition of the term penny stocks?
A penny stock pertains to stocks with a current market price (CMP) typically resting at INR 50 or below.
What are the best multibagger penny stocks for 2025?
The top penny stocks in India for the coming years are Daulat Securities, Comfort Fincap, B N Rathi Securities, Indbank Merchant, Shardul Securities, and more.
Is It risky to investing in Praveg Multibagger Penny Stock?
Praveg has already delivered multibagger returns, and now it is not a penny stock. Investing in Penny Stocks are inherently risky. Investors must conduct careful analysis and manage risks before investing for possible high returns.
Which company has shown the highest returns in the past five years?
Among the listed companies, Comfort Fincap has delivered the highest 5-year stock return, with an impressive gain of 1,012.35% over the past five years.
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