The PEG ratio is a valuation metric used to assess whether a stock is reasonably priced by factoring in both its price-to-earnings (P/E) ratio and anticipated earnings growth. It is calculated by dividing the price-to-earnings ratio by the expected earnings growth rate. Thus, a stock is likely undervalued if it has a low PEG ratio.
Waaree Renewables
With a market capitalization of Rs 8,425.73 crore, Waaree Renewables Ltd closed at Rs 808.25, marking a discount of 73 percent from its 52-week high of Rs 3,037.75. The stock has a PEG ratio of 0.06.
Looking at the financials, the company reported a 11 percent increase in net revenue from Rs 324 crore to Rs 360 crore in Q3 FY25. The net profits however fell 16 percent from Rs 64 crore to Rs 54 crore during the same period.
Waaree Renewable Technologies Ltd is an Indian EPC company specialising in the business renewable energy sector. The company is a solar developer that finances, constructs, owns, and operates various solar projects. Major clients include Reliance, Aditya Birla, NTPC and Adani among many others.
ZEN Technologies Ltd
With a market capitalization of Rs 10,958.99 crore, Zen Technologies Ltd closed at Rs 1213.75, marking a discount of 54 percent from its 52-week high of Rs 2,627.95. The stock has a PEG ratio of 0.68.
Looking at the financials, the company reported a 52 percent increase in net revenue from Rs 100 crore to Rs 152 crore in Q3 FY25. The net profits saw a 43 percent increase from Rs 30 crore to Rs 43 crore during the same period.
Zen Technologies Ltd is an Indian based company specializing in defence training systems, utilizing sensor and simulator technology. Headquartered in Hyderabad, it has offices across India, UAE and the USA. It has filed over 160 patents globally and has deployed more than 1000 solutions
Adani Energy Solutions Ltd
With a market capitalization of Rs 94,024.39 crore, Adani Energy Solutions Ltd closed at Rs 782.70, marking a discount of 42 percent from its 52-week high of Rs 1,347.90. The stock has a PEG ratio of 0.61.
Looking at the financials, the company reported a 28 percent increase in net revenue from Rs 4,563 crore to Rs 5,830 crore in Q3 FY25. The net profits saw an 80 percent increase from Rs 348 crore to Rs 625 crore during the same period.
Adani Energy Solutions Limited is a private utility company offering comprehensive energy solutions. It operates through three key segments: Transmission, GTD Business, and Trading.
GE Vernova T&D India Ltd
With a market capitalization of Rs 36,563.45 crore, GE Vernova closed at Rs 1,428, marking a discount of 36 percent from its 52-week high of Rs 2,215.70. The stock has a PEG ratio of 0.2.
Looking at the financials, the company reported a 28 percent increase in net revenue from Rs 839 crore to Rs 1,074 crore in Q3 FY25. The net profits saw a 192 percent increase from Rs 49 crore to Rs 143 crore during the same period.
GE Vernova T&D India Ltd is the publicly traded arm of GE’s Grid Solutions business in India. With over a century of experience in power transmission and distribution, the company offers a diverse range of solutions for efficiently connecting and transferring power from generation sources to the grid.
Written by Shwetha Sairam
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