To determine how much a company’s projected growth, earnings generated per share (EPS), and stock price are traded off, a valuation metric known as the “PEG ratio” is used. The P/E ratio used in the calculation can be projected or trailing, and the annual growth rate can be the growth rate expected for the next year or the next five years.
Here are the 3 mid-cap stocks with less than 1 peg ratio.
National Aluminium Company Ltd
Aluminum is produced and exported by National Aluminium Co Ltd (NALCO). It conducts port operations, power generation, alumina refining, aluminum smelting and casting, and bauxite mining.
With a market capitalization of Rs 18,202.86 Crores. National Aluminium Company Ltd, On Friday, The shares were trading at Rs 99.11 a share, a decrease of 0.07 percent from the previous closing price. The company’s PEG ratio is reported to be 0.80.
National Aluminium Company Ltd’s revenue decreased 12 percent from Rs. 3,490 crores in Q2FY23 to Rs 3,043 crores in Q2FY24. Further, During the same period, Net Profit increased by 21 percent from Rs 170 crores to Rs 206 crores.
Deepak Nitrite Ltd
Deepak Nitrite Ltd is a manufacturer of phenolics, performance products, fine and specialty chemicals, and basic intermediates.
With a market capitalization of Rs 30,277.21 Crores. Deepak Nitrite Ltd, On Friday, The shares were trading at Rs 2,219.85 a share, a decrease of 1.72 percent from the previous closing price. The company’s PEG ratio is reported to be 0.65.
Petronet LNG Ltd’s revenue decreased by 9.3 percent from Rs. 1,962 crores in Q2FY23 to Rs 1,778 crores in Q2FY24. Further, During the same period, Net Profit increased by 17.8 percent from Rs 174 crores to Rs 205 crores.
KPIT Technologies Ltd
Global technology company KPIT offers software solutions that will accelerate mobility’s transition to a cleaner, smarter, autonomous, and connected future.
With a market capitalization of Rs 40,655.53 Crores. KPIT Technologies Ltd, On Friday, The shares were trading at Rs 1,483.00 a share, an increase of 1.65 percent from the previous closing price. The company’s PEG ratio is reported to be 0.25.
KPIT Technologies Ltd’s revenue increased by 61 percent from Rs. 745 crores in Q2FY23 to Rs 1,199 crores in Q2FY24. Further, During the same period, Net Profit increased by 67 percent from Rs 84 crores to Rs 141 crores.
Written by:- Abhishek Singh
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