The PEG ratio, short for Price/Earnings to Growth ratio, is a financial metric calculated by dividing a stock’s Price-to-Earnings (P/E) ratio by the rate at which the company’s earnings are expected to grow over a specific time frame. The PEG ratio is widely regarded as a gauge of a stock’s genuine worth.
A lower PEG ratio could suggest that a stock is potentially undervalued.A PEG lower than 1.0 is best, suggesting that a company is relatively undervalued, so here is the list of fundamentally strong stocks that have PEG ratio of less than 1.
Angel One Ltd
Angel One Ltd is a diversified financial services company and is engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, and various other financial services.
The stock of Angel One Ltd closed at Rs. 2,348 per share on 20th october, it has delivered 45.81 percent returns in the last one month. Company has a market capitalization of 17,683 crores and has PEG ratio of 0.34.
Fine Organics Industries Ltd
Fine Organics Industries Ltd (FOIL) is engaged in the business of manufacturing chemicals. It carries out developing and manufacturing of chemicals and specialty additives. The company’s specialty additives include emulsifiers, improver for bakery, oil blinder, anti-crystallisers etc.
The stock of Fine Organics Industries Ltd (FOIL) closed at Rs. 4,761 per share on 20th october, it has delivered -4.39 percent in the last one month. Company has a market capitalization of 14,907 crores and has PEG ratio of 0.59.
Coromandel International Ltd
Coromandel International Ltd is one of India’s leading agriculture solutions providers. It offers a diverse range of products and services in the farming value chain. It specialises in fertilisers, crop protein, bio pesticide, specialty nutrients, organic fertilisers, etc.
The stock of Coromandel International Ltd closed at Rs. 1,135.5 per share on 20th October, it has delivered 4.47 percent in the last one month. Company has a market capitalization of 34,226 crores and has PEG ratio of 0.72.
Written by: Vinit Israni
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