Multibagger stocks are companies that have delivered returns of more than 100 Percent in determined time periods due to the excessive demand in the market and the price/earnings-to-growth, or PEG ratio is a valuation metric used for stocks, and a PEG ratio of under 1 can indicate a stock is undervalued and is a potential buy.
Here are some of the multibagger small-cap stocks with a PEG Ratio of less than 0.5, that you can add to your watchlist
Chennai Petroleum Corporation
Chennai Petroleum Corporation Limited is engaged in the business of refining crude oil to produce & supply various petroleum products like motor spirit, aviation turbine fuel, liquefied petroleum gas, light diesel oil, fuel oil and many more.
With a market capitalization of Rs. 14,010 Crores, the shares of Chennai Petroleum Corporation Limited were trading at Rs. 943.25, up 1.13 percent from its previous day’s close price of Rs. 932.75.
It has delivered multi-bagger returns of 280 percent in a year and it has reported a low PEG ratio of 0.14.
Its revenue from operations grew by 8.23 percent from Rs. 16,054 Crores in Q3FY23 to Rs. 17,376 Crores in Q3FY24, accompanied by profits of Rs. 143 Crores to Rs. 360 Crores.
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. 15,667 Crores, the shares of Jindal Saw Limited were trading at Rs. 490, up 0.97 percent from its previous day’s close price of Rs. 485.30.
It has delivered multi-bagger returns of 228 percent in a year and it has reported a low PEG ratio of 0.12.
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.
JK Tyres & Industries
JK Tyres & Industries Limited is engaged in developing, manufacturing, marketing and distributing automotive tyres, tubes, flaps, retreads and many more diverse business segments that include Truck, Bus, Light commercial vehicles, Passenger Cars, Multi Utility Vehicles and others.
With a market capitalization of Rs. 11,175 Crores, the shares of JK Tyres & Indutries Limited were trading at Rs. 429, down 0.22 percent from its previous day’s close price of Rs. 429.95.
It has delivered multi-bagger returns of 178 percent in a year and it has reported a low PEG ratio of 0.25.
Its revenue from operations grew by 2.07 percent from Rs. 3,613 Crores in Q3FY23 to Rs. 3,688 Crores in Q3FY24, accompanied by profits of Rs. 67 Crores to Rs. 227 Crores.
Nava
Nava Limited is engaged in the business of manufacturing and selling ferroalloys, generation of power, and providing operation & maintenance services for power assets, mining, agribusiness and healthcare.
With a market capitalization of Rs. 7,922 Crores, the shares of Nava Limited were trading at Rs. 506.50, up 1.13 percent from its previous day’s close price of Rs. 500.85.
It has delivered multi-bagger returns of 125 percent in a year and it has reported a low PEG ratio of 0.26.
Its revenue from operations grew by 5.68 percent from Rs. 880 Crores in Q3FY23 to Rs. 930 Crores in Q3FY24, accompanied by profits of Rs. 363 Crores to Rs. 465 Crores.
Neuland Laboratories
Neuland Laboratories Limited is engaged in the manufacturing and supplying of bulk drugs catering to both domestic and international markets. It manufactures APIs and end-to-end solutions for the pharmaceutical industry’s needs.
With a market capitalization of Rs. 8,268 Crores, the shares of Neuland Laboratories Limited were trading at Rs. 6,444, down 0.28 percent from its previous day’s close price of Rs. 6,462.05.
It has delivered multi-bagger returns of 236 percent in a year and it has reported a low PEG ratio of 0.38.
Its revenue from operations grew by 46.09 percent from Rs. 269 Crores in Q3FY23 to Rs. 393 Crores in Q3FY24, accompanied by profits of Rs. 31 Crores to Rs. 81 Crores.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
