Penny stocks list

Last Updated on Feb 4, 2025 by Vanessa Sequeira

Fundamentally strong penny stocks are those with good financial basics, even though their stock prices are low. These stocks are characterised by solid earnings growth potential, positive cash flows, manageable debt levels, and strong management teams.

Multibagger penny stocks for 2025

While penny stocks generally carry higher risks, identifying fundamentally strong ones can offer investors the potential for significant returns. 

In this article, let’s look at the best penny stocks with strong fundamentals in India. 

Best Fundamentally Strong Penny Stocks

Note: The data is from 21st October 2024.

The stock selection for fundamentally strong penny stocks was made on Tickertape Stock Screener and based on the following parameters.

• Close Price: Set from 0.02 to 10
• Net Income: Positive – Set the lower value to zero
• Return on Equity: Set to High
• Debt-to-Equity Ratio: Set to Low

Note that these stocks are in no order of preference.