The price/earnings-to-growth, or PEG ratio is a valuation metric used for stocks, and a PEG ratio of under 1 can indicate if a stock is undervalued, has strong growth prospects, and can be a potential buy.
Listed below are some of the Mid-Cap stocks with a PEG Ratio of less than 1
Jindal Saw
Jindal Saw Limited is engaged in the business of manufacturing and supplying iron & steel pipes and pellets, with a presence across India and overseas markets.
With a market capitalization of Rs. 17,552 Crores, the shares of Jindal Saw Limited were trading at Rs. 548.95, up 0.44 percent from its previous day’s close price of Rs. 546.55.
Jindal Saw Limited has delivered multibagger returns of 216 percent in a year and it has reported a low PEG of 0.14.
Its Revenue from Operations grew by 9.65 percent from Rs. 5,158 Crores in Q3FY23 to Rs. 5,656 Crores in Q3FY24, accompanied by profits of Rs. 143 Crores to Rs. 512 Crores.
Mangalore Refinery and Petrochemicals
Mangalore Refinery and Petrochemicals Limited is engaged in the business of refining crude oil, petrochemical business, trading of aviation fuels, and distribution of petroleum products through retail outlets and transport terminals.
With a market capitalization of Rs. 40,204 Crores, the shares of Mangalore Refinery and Petrochemicals Limited were trading at Rs. 212.50, up 1.26 percent from its previous day’s close price of Rs. 209.85.
Mangalore Refinery and Petrochemicals Limited has delivered multibagger returns of 242 percent in a year and it has reported a low PEG of 0.21.
Its Revenue from Operations grew by 0.14 percent from Rs. 25,365 Crores in Q4FY23 to Rs. 25,329 Crores in Q4FY24, accompanied by profits of Rs. 1,913 Crores to Rs. 1,138 Crores.
Lloyds Metals & Energy
Lloyds Metals and Energy Limited is engaged in the business of mining iron ore, manufacturing and supplying sponge iron and generating power.
With a market capitalization of Rs. 35,627 Crores, the shares of Lloyds Metals & Energy Limited were trading at Rs. 705.15, up 0.81 percent from its previous day’s close price of Rs. 699.50.
Lloyds Metals & Energy Limited has delivered a return of 26 percent in a year and it has reported a low PEG of 0.22.
Its Revenue from Operations grew by 77.37 percent from Rs. 876.25 Crores in Q4FY23 to Rs. 1,554.29 Crores in Q4FY24, accompanied by profits of Rs. 269.04 Crores to Rs. 277.06 Crores.
Embassy Office Parks REIT
Embassy Office Parks REIT is primarily engaged in owning, operating, and investing in rent or income-generating real estate and related assets in India like commercial office space, hospitality, renewable energy assets, and many others.
With a market capitalization of Rs. 32,702 Crores, the shares of Embassy Office Parks REIT Limited were trading at Rs. 345, down 0.51 percent from its previous day’s close price of Rs. 346.77.
Embassy Office Parks REIT Limited has delivered a return of 13 percent in a year and it has reported a low PEG of 0.23.
Its Revenue from Operations grew by 9.61 percent from Rs. 895.32 Crores in Q4FY23 to Rs. 981.42 Crores in Q4FY24, accompanied by profits of Rs. 35.45 Crores to Rs. 283.41 Crores.
Motilal Oswal Financial Services
Motilal Oswal Financial Services Limited is a diversified financial services firm engaged in offers a range of services like broking and distribution, institutional equities, asset management business, housing finance, private equity, private wealth management, and many more.
With a market capitalization of Rs. 35,873 Crores, the shares of Motilal Oswal Financial Services Limited were trading at Rs. 2,260, down 0.37 percent from its previous day’s close price of Rs. 2,268.45
Motilal Oswal Financial Services Limited has delivered multibagger returns of 262 percent in a year and it has reported a low PEG of 0.28.
Its Revenue from Operations grew by 108 percent from Rs. 1,027 Crores in Q4FY23 to Rs. 2,141 Crores in Q4FY24, accompanied by profits of Rs. 165 Crores to Rs. 725 Crores.
Written by: Bharath K.S
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