The price/earnings to growth ratio, or PEG ratio, is a stock valuation metric that investors and analysts may use to examine a company’s performance and estimate investment risk.
PEG ratios of more than 1.0 are typically seen as negative, implying that a company is overpriced. In contrast, ratios less than 1.0 are seen as better, suggesting that a stock is cheap.
Here are 4 Infra stocks with less peg ratio.
Ashoka Buildcon Ltd
Ashoka Buildcon Ltd is in the building and infrastructure facilities sector on an EPC and BOT basis. It also deals in the selling of RMC.
With a market capitalization of Rs 3,896.44 crore, The shares closed at Rs 138.80 per share, which increased around 1.28 percent as compared to the previous closing price of Rs 137.05 apiece. The company’s PEG ratio is reported to be 0.19.
Ashoka Buildcon Ltd’s revenue increased 19 percent from Rs. 1,808 crores in Q2FY23 to Rs 2,154 crores in Q2FY24. Further, During the same time frame, Net Profit increased by 21 percent from Rs 170 crores to Rs 206 crores.
H.G. Infra Engineering Ltd
H.G. Infra Engineering Limited (HGIEL) is an Indian Road Infrastructure Company that specializes in Engineering, Procurement, and Construction (EPC) Services, as well as the maintenance of roads, bridges, and flyovers, among other infrastructure contract works.
With a market capitalization of Rs 5,528.14 crore, The shares closed at Rs 848.25 per share, which increased around 0.02 percent as compared to the previous closing price of Rs 848.10 apiece. The company’s PEG ratio is reported to be 0.25.
H.G. Infra Engineering Ltd’s revenue increased 20 percent from Rs. 796 crores in Q2FY23 to Rs 955 crores in Q2FY24. Further, During the same period, Net Profit increased by 17 percent from Rs 72 crores to Rs 96 crores.
KNR Constructions Ltd
KNR Construction Ltd built roads, highways, bridges, and flyovers under EPC, BOT, and Hybrid Annuity Model (HAM) contracts. It also works on irrigation projects, administration of urban water infrastructure, and farm initiatives.
With a market capitalization of Rs 7,254.45 crore, The shares closed at Rs 257.95 per share, which increased around 0.06 percent as compared to the previous closing price of Rs 257.80 apiece. The company’s PEG ratio is reported to be 0.53.
KNR Constructions Ltd’s revenue increased 8 percent from Rs. 962 crores in Q2FY23 to Rs 1,038 crores in Q2FY24. Further, During the same period, Net Profit increased by 44 percent from Rs 99 crores to Rs 143 crores.
NBCC (India) Ltd
NBCC (India) Limited is a Navratna Enterprise of the Government of India, operating under the Ministry of Housing and Urban Affairs. The company is divided into three key business segments: project management consulting, engineering procurement and construction, and real estate.
With a market capitalization of Rs 14,697.00 crore, The shares closed at Rs 81.65 per share, which decreased around 1.45 percent as compared to the previous closing price of Rs 82.85 apiece. The company’s PEG ratio is reported to be 0.34.
NBCC (India) Ltd’s revenue increased 4 percent from Rs. 1,556 crores in Q2FY23 to Rs 1,622 crores in Q2FY24. Further, During the same period, Net Profit increased by 44 percent from Rs 99 crores to Rs 14 crores.
Written by: Abhishek Singh
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