7 Stocks Under ₹250 With PEG and D/E Below 1 to Keep an Eye On
Stocks trading below Rs. 250 with a PEG ratio and Debt-to-Equity (D/E) ratio below 1 indicate relatively attractive valuations and manageable debt levels. These companies may offer a balance of growth potential and financial stability across various sectors.
Investors rely on a PEG ratio that is less than 1 in determining companies whose growth rates have been underpriced, and a lower D/E ratio is indicative of better-quality balance sheets and less financial risk. Nevertheless, in addition to the above ratios, there are other factors that investors should look into.
Here is the list of stocks to watch out for
Indian Energy Exchange Ltd
Indian Energy Exchange Limited (IEX) is India’s largest power exchange that operates a technology-based trading platform for buying and selling power, renewable energy, and certificates. IEX facilitates transparency in price discovery and effective power procurement. The energy exchange caters to a wide range of stakeholders, including generators, distribution companies, and commercial and industrial consumers.
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At a market price of Rs. 106, the company has strong financials. Its PEG ratio is 0.99, while ROCE and ROE are high at 51.8% and 39.4%, respectively. Its debt-to-equity ratio is just 0.01, indicating very low debt.
Indosolar Ltd
Indosolar Ltd, the company within the Waaree Group, is a producer of solar photovoltaic modules. Its key focus lies in providing high-efficiency and quality solar solutions. It has applications in different sectors requiring renewable energy and helps India become more sustainable in its energy consumption.
At a market price of Rs. 209, the company has very strong financials. Its PEG ratio is 0.02, while its ROCE and ROE are high at 124% and 151%, respectively. Its debt-to-equity ratio is just 0.01, indicating that the company has very little debt.
Billionbrains Garage Ventures Ltd
Billionbrains Garage Ventures Ltd operates under the Groww brand, which offers an online platform for investing and wealth management services. The company has diverse offerings of stocks, mutual funds, exchange-traded funds, derivatives, and other types of financial instruments. Additionally, the company has ventured into loans, asset management, and wealth management services.
At a market price of Rs. 184, the company has strong financials. Its PEG ratio is 0.71, while its ROCE and ROE stand at 37.3% and 28.8%, respectively. Its debt-to-equity ratio is just 0.03, indicating very low debt.
Gokul Agro Resources Ltd
Gokul Agro Resources Ltd is an FMCG & agro-processing firm dealing with production and export of edible and non-edible oils, special fats, derivatives of castor oil, oleochemicals, and feed meals. The products produced by the company include soybean, sunflower, mustard, groundnut, and palm oils.
At a market price of Rs. 212, the company has strong financials. Its PEG ratio is 0.37, while its ROCE and ROE stand at 36.7% and 30%, respectively. Its debt-to-equity ratio is 0.41, indicating that the company has relatively low debt.
GK Energy Ltd
GK Energy Limited is an EPC firm offering renewable energy services specifically for the provision of solar-driven pumping systems for agriculture using the PM-KUSUM programme. It provides comprehensive solutions including surveys, designs, supply, installation, testing, commissioning, and maintenance services.
At a market price of Rs. 114, the company has strong financials. Its PEG ratio is 0.06, while its ROCE and ROE stand at 40.9% and 36.8%, respectively. Its debt-to-equity ratio is 0.23, indicating relatively low debt.
Pace Digitek Ltd
Pace Digitek Ltd offers solutions ranging from power management to telecommunication infrastructure, renewable energy, and energy management services. Pace Digitek Ltd has successfully broadened its reach both in India and in international markets. These include telecom power solutions, solar power solutions, optical fibre solutions, and other infrastructural technology solutions.
At a market price of Rs. 170, the company has healthy financials. Its PEG ratio is 0.07, while its ROCE and ROE stand at 21.4% and 17.6%, respectively. Its debt-to-equity ratio is 0.44, indicating a moderate level of debt.
Vikram Solar Ltd
Vikram Solar Ltd is a comprehensive solar energy solutions company and is amongst India’s leading solar PV module manufacturers on the basis of production capacity. It offers manufacturing of high efficiency solar modules and also offers services in the areas of EPC and Operations & Maintenance.
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At a market price of Rs. 158, the company has strong financials. Its PEG ratio is 0.07, while its ROCE and ROE stand at 30.6% and 21.4%, respectively. Its debt-to-equity ratio is 0.19, indicating relatively low debt.