Synopsis: Mukul Agrawal’s Q4 micro-cap picks with PEG <1 include True Colors Ltd, E to E Transportation Infrastructure Ltd, Brandman Retail Ltd, and Yaap Digital Ltd. These companies span textiles, rail infrastructure, retail, and digital marketing, showing strong ROCE/ROE metrics and potential undervaluation based on earnings growth expectations.
Mukul Agrawal is a prominent Indian investor, trader, and entrepreneur who heads Param Capital Group, known for his sharp stock-picking skills and long-term investment strategy. He focuses on identifying undervalued stocks with strong growth potential across various sectors. As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 74 stocks with a net worth of over Rs. 7,833.4 Crores.
One of his commonly tracked strategies includes identifying companies with a PEG ratio below 1, which signals that the stock may be undervalued relative to its expected growth. In recent quarters, several of his fresh Q4 entries in select micro-cap names have attracted attention from investors who follow “smart money” moves, as these additions often reflect early conviction in high-growth turnaround or expansion stories. Here is the list of stocks to look out for
True Colors Ltd
True Colors Ltd is a Surat-based company engaged in importing, distribution, and service operations in digital textile printing solutions. Its offerings include digital textile printers, inks, sublimation papers, and consumables, along with fabric printing services. The company operates a semi-integrated model catering to textile manufacturers, exporters, and fashion brands in the digital printing ecosystem.
With a market capitalisation of Rs. 409.14 crore, the company’s shares closed in the green, up 2.69% compared to the previous day’s close. The Ace Investor, as of March 2026, holds a 1.6 percent stake in the company.
The company shows strong profitability metrics with a ROCE of 25.2% and ROE of 25.7%, indicating efficient capital utilisation and healthy returns for shareholders. The PEG ratio of 0.13 suggests the stock may be significantly undervalued relative to its earnings growth.
E to E Transportation Infrastructure Ltd
E To E Transportation Infrastructure is a rail engineering system integrator delivering end-to-end railway infrastructure solutions covering signalling, telecom, electrification, track works and turnkey railway projects across mainline railways, metros and private industrial sidings. It follows an asset-light, turnkey execution model, with in-house engineering and system integration and selective outsourcing for execution
With a market capitalisation of Rs. 483.21 crore, the company’s shares closed in the red, down 2.4% compared to the previous day’s close. The Ace Investor, as of March 2026, holds a 13.9 percent stake in the company.
The company shows strong profitability metrics with a ROCE of 14.8% and ROE of 10.4%, indicating efficient capital utilisation and healthy returns for shareholders. The PEG ratio of 0.98 suggests the stock may be significantly undervalued relative to its earnings growth.
Brandman Retail Ltd
Brandman Retail Limited is a New Delhi-based retail and distribution company operating in the lifestyle and athleisure segment. It focuses on international footwear, apparel, and accessories brands in India through retail partnerships and multi-channel distribution. The company operates through branded retail formats and franchise or partnership-based store models in the Indian market.
With a market capitalisation of Rs. 313.77 crore, the company’s shares closed in the red, down 1.16% compared to the previous day’s close. The Ace Investor, as of March 2026, holds a 4.0 percent stake in the company.
The company shows strong profitability metrics with a ROCE of 36.8% and ROE of 29.5%, indicating efficient capital utilisation and healthy returns for shareholders. The PEG ratio of 0.05 suggests the stock may be significantly undervalued relative to its earnings growth.
Yaap Digital Ltd
Yaap Digital Limited is a Mumbai-based digital marketing and technology services company. It provides integrated marketing solutions combining creative content, data analytics, and technology-driven campaign execution across India and international markets such as the UAE and Singapore. The company focuses on digital strategy, influencer marketing, content creation, and performance-driven media distribution.
With a market capitalisation of Rs. 380.56 crore, the company’s shares closed in the green, up 3.7% compared to the previous day’s close. The Ace Investor, as of March 2026, holds a 1.4 percent stake in the company.
The company shows strong profitability metrics with a ROCE of 30.9% and ROE of 28.2%, indicating efficient capital utilisation and healthy returns for shareholders. The PEG ratio of 0.29 suggests the stock may be significantly undervalued relative to its earnings growth.
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