Face value

The nominal value printed on a security: for a share, the denomination set at incorporation and changed only by a split or a consolidation; for a bond, the principal repaid at maturity and the amount the coupon is calculated on. Indian companies commonly use ₹10, ₹5, ₹2 or ₹1 for shares, and Indian government securities are quoted per ₹100 of face value.

For a share it carries almost no economic information. A share with ₹2 face value isn't cheaper than one with ₹10 face value; the price is set by what the business earns, not by the denomination.

Two places where it still matters. Dividends in India are sometimes declared as a percentage of face value, so a "200% dividend" on a ₹2 share is ₹4, and reading that as 200% of the share price would be badly wrong. And a stock split changes face value, which is what distinguishes it from a bonus issue in the accounts even though the effect on the holder looks similar.

Convert any percentage dividend into rupees per share before you compare anything.

For a share, face value is a label, not a price. For a bond it's the amount owed.