8 Stocks Trading Under ₹200 With PEG Ratio Less Than 1 to Keep an Eye On

Synopsis: Ashoka Buildcon, Websol Energy, GK Energy, Suzlon Energy, Gokul Agro, and other companies with strong growth prospects are highlighted, which list promising stocks under ₹200 that have PEG ratios below 1, indicating potential undervaluation.

The Price-to-Earnings Growth (PEG) ratio is a key financial metric that evaluates a company’s stock valuation by considering both its price-to-earnings (P/E) ratio and its expected earnings growth. It is calculated by dividing the P/E ratio by the company’s projected earnings growth rate. In uncertain markets, valuation matters more than ever. Stocks with a PEG ratio below 1 may signal undervaluation relative to their growth, offering investors a potential edge while minimising risk. Here is the list of 8 stocks under Rs. 200 and PEG less than 1 that you can add to your watchlist, determining their potential.

Ashoka Buildcon Ltd

Ashoka Buildcon Ltd is one of the leading infrastructure development companies in India, primarily engaged in construction and engineering activities. It specialises in building roads, bridges, highways, and urban infrastructure projects. The company also focuses on the development of toll roads and other transport infrastructure under Public-Private Partnership (PPP) models. 

With a market capitalization of Rs. 4,139.26 crores, the company’s PEG ratio stood at 0.08, with an ROCE of 39.7 percent and ROE of 54.8 percent, along with a debt-to-equity ratio of 0.47, showcasing strong overall financial performance metrics.

Websol Energy System Ltd

Websol Energy System Ltd is a Kolkata‑based Indian renewable energy company incorporated in 1990. It is primarily engaged in manufacturing high‑efficiency photovoltaic (PV) solar cells and solar modules, supplying these products for commercial, industrial, and utility applications across India and abroad.

With a market capitalization of Rs. 2,715.13 crores, the company’s PEG ratio stood at 0.07, with an ROCE of 59.2 percent and ROE of 80.2 percent, along with a debt-to-equity ratio of 0.41, showcasing strong overall financial performance metrics.

GK Energy Ltd

GK Energy Ltd is a Pune‑based renewable energy firm known for providing Engineering, Procurement and Commissioning (EPC) services for solar‑powered agricultural water pump systems under government schemes such as PM‑KUSUM. The company focuses on delivering turnkey solar projects including solar agriculture pumps, rooftop solar and rural electrification solutions.

With a market capitalization of Rs. 2,457.13 crores, the company’s PEG ratio stood at 0.04, with an ROCE of 74.3 percent and ROE of 101 percent, along with a debt-to-equity ratio of 0.53, showcasing strong overall financial performance metrics.

Billionbrains Garage Ventures Ltd

Billionbrains Garage Ventures Ltd is the corporate entity behind Groww, one of India’s largest digital investment platforms. Founded in Bengaluru in 2017, it offers retail investors easy access to a range of financial products, including stocks, mutual funds, bonds and derivatives through its app and online interface. 

With a market capitalization of Rs. 1,04,982.01 crores, the company’s PEG ratio stood at 0.58, with an ROCE of 62.6 percent and ROE of 49.9 percent, along with a debt-to-equity ratio of 0.05, showcasing strong overall financial performance metrics.

Adani Power Ltd

Adani Power Ltd, part of the Adani Group, is one of India’s largest private sector power generation companies. It primarily focuses on thermal power generation, operating a diverse portfolio of power plants across India. The company is involved in the production, transmission, and distribution of electricity, contributing significantly to the country’s energy needs.

With a market capitalization of Rs. 2,77,121.06 crores, the company’s PEG ratio stood at 0.63, with an ROCE of 22.5 percent and ROE of 26.1 percent, along with a debt-to-equity ratio of 0.83, showcasing strong overall financial performance metrics.

Insolation Energy Ltd

Insolation Energy Ltd is a Jaipur‑based solar energy company engaged in manufacturing solar modules, including advanced TOPCon, Monofacial, and Bifacial panels. It has shown significant growth in recent years, reporting strong revenue and profit increases while expanding its production capacity and product range to serve both domestic and global markets.

With a market capitalization of Rs. 2,720.77 crores, the company’s PEG ratio stood at 0.09, with an ROCE of 34.7 percent and ROE of 34.9 percent, along with a debt-to-equity ratio of 0.37, showcasing strong overall financial performance metrics.

Gokul Agro Resources Ltd

Gokul Agro Resources Ltd is an Ahmedabad‑based FMCG company specializing in the manufacturing and processing of edible oils, non‑edible oils, and allied products. With a portfolio of popular consumer brands (such as Vitalife and Mahek), it operates production and refining facilities in Gujarat and has expanded capacities over time to serve markets across India and internationally.

With a market capitalization of Rs. 5,099.10 crores, the company’s PEG ratio stood at 0.63, with an ROCE of 34.2 percent and ROE of 27.0 percent, along with a debt-to-equity ratio of 0.48, showcasing strong overall financial performance metrics.

Suzlon Energy Ltd

Suzlon Energy Ltd is a major Indian renewable energy company headquartered in Pune. Founded in 1995, it has grown into one of Asia’s largest wind turbine manufacturers, designing, producing, and installing wind energy systems for utility‑scale and commercial projects nationwide and globally. 

With a market capitalization of Rs. 61,139.49 crores, the company’s PEG ratio stood at 0.10, with an ROCE of 32.5 percent and ROE of 41.4 percent, along with a debt-to-equity ratio of 0.05, showcasing strong overall financial performance metrics.

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