Every PSU stock screener in 2026 starts looking the same after a while. The big names have already been re-rated. Coal India at 2.47x book value. NMDC at 2.42x. BHEL at 5.14x. HAL at 8.27x. Most PSU stocks are no longer cheap on a balance-sheet basis, which is exactly why PSU penny stocks and high book value PSU stocks have started becoming much harder to find.<\/p>\n\n\n\n
But while running through the BSE PSU Index data on Screener.in in May 2026, something interesting appeared beneath all that momentum: out of the 60 PSU stocks in the index, only 6 are still trading below book value (P\/B < 1). And inside those six names is where the real conversation begins \u2014 a few are PSU penny stocks, a few are high book value PSU stocks, and a very small number satisfy both conditions simultaneously: PSU penny stocks with high book value.<\/p>\n\n\n\n
That combination is rare in the current PSU market. This blog breaks the space into three simple lenses.<\/p>\n\n\n\n
Category A<\/strong> focuses on high book value PSU stocks trading below book value (P\/B below 1), where investors are effectively buying net assets at a discount; the purest traditional value-investing signal in the PSU space.<\/p>\n\n\n\n Category B<\/strong> focuses on PSU penny stocks with CMP below \u20b9200, making them accessible to retail investors working with smaller capital across the broader PSU universe.<\/p>\n\n\n\n Category C<\/strong> is where both filters meet simultaneously: PSU penny stocks with high book value, meaning stocks trading below \u20b9200 while also remaining below book value. As of May 2026, this is the rarest category in the entire BSE PSU Index.<\/p>\n<\/div><\/div>\n\n\n\n Every number in this analysis comes directly from Screener.in\u2019s live BSE PSU Index data pulled on May 5, 2026.<\/p>\n\n\n\n Related Reading<\/a> from this section: High book value stocks in India <\/a><\/p>\n\n\n\nCategory<\/strong><\/td> What It Means<\/strong><\/td> Filter Used<\/strong><\/td> Stocks in This List<\/strong><\/td> Best For<\/strong><\/td><\/tr> \ud83d\udd35A<\/td> Book Value > CMP<\/td> P\/B below 1.0<\/td> Bank of Baroda, PNB, Union Bank, BoI, Central Bank, NIACL<\/td> Value investors seeking asset safety<\/td><\/tr> \ud83d\udfe0 B<\/td> PSU Penny Stocks<\/td> CMP below \u20b9200<\/td> Bank of Maharashtra, NMDC, NHPC, IOCL<\/td> Retail investors with small capital<\/td><\/tr> \ud83d\udfe2 C<\/td> Both= Penny + Below Book<\/td> P\/B < 1 AND CMP < \u20b9200<\/td> Bank of India, Central Bank, PNB, Union Bank, NIACL<\/td> Best of both= value + accessibility<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Table Of Contents<\/h3>