4 Midcap Low PEG Ratio Stocks to Watch for Future Multibagger Potential: Coforge, SRF, SAIL and Syrma SGS
- October 26, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Coforge Rs 1,900.50. SRF Rs 2,310. SAIL Rs 164.34. Syrma SGS Rs 1,433.10. Market caps from Rs 30,217 crore to Rs 86,017 crore. Data as of 23 Oct 2026.
Quick Answer
Coforge, SRF, SAIL and Syrma SGS are the 4 picks in this low PEG ratio stocks watchlist, with market caps between Rs 30,217 crore and Rs 86,017 crore. Coforge stands out for the highest return on equity at 16.31%, while SRF offers 7.20% revenue growth in FY26. PE ratios run from 15.90 to 75.23, so compare each one with its industry PE before investing. All figures are as of 23 October 2026.
Low PEG ratio stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Coforge, SRF, SAIL and Syrma SGS meet that test, with market caps from Rs 30,217 crore to Rs 86,017 crore and Coforge offering the highest return on equity at 16.31%. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a PEG ratio below 1 and FY26 profit growth of at least 15 per cent, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a PEG ratio below 1 and FY26 profit growth of at least 15 per cent, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening low PEG ratio stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 23 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Low PEG Ratio Stocks and Why Do They Attract Multibagger Interest?
Low PEG ratio stocks are shares of mid sized companies whose PE ratio is lower than their profit growth rate, which means growth is available at a fair price. The four here cover IT services, specialty chemicals, steel and electronics manufacturing.
A PEG ratio below 1 means earnings are growing faster than the valuation implies. For low PEG ratio stocks, both FY26 and the latest quarter showed growth. For low PEG ratio stocks, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of low PEG ratio stocks, using FY26 and latest quarter data. Prices move daily, so recheck the figures for low PEG ratio stocks before you decide.
Low PEG Ratio Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 23 October 2026. SAIL has the lowest PE of the group at 15.90, while Coforge posts the highest return on equity at 16.31%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Coforge | 1,900.50 | 86,017 | 44.79 | 17.66 | 16.31% | 0.08 | 1,008.10 to 2,021.20 |
| SRF | 2,310 | 73,282 | 33.90 | 36.15 | 13.07% | 0.36 | 2,310.00 to 3,210.00 |
| Steel Authority of India | 164.34 | 67,921 | 15.90 | 22.42 | 6.35% | 0.53 | 124.00 to 209.70 |
| Syrma SGS Technology | 1,433.10 | 30,217 | 75.23 | 80.10 | 11.10% | 0.14 | 634.50 to 1,822.60 |
Coforge: 23.72% Profit CAGR Since FY22
Coforge is an IT services company serving clients in travel, banking, insurance and other industries. It reported FY26 revenue of Rs 16,475.90 crore, up 34.63% year on year, and net profit of Rs 1,674.50 crore, up 73.79%. Net profit has compounded at 23.72% a year since FY22, while revenue has grown 26.26% a year. Operating margin was 17.40% in FY26. The debt-to-equity ratio is 0.08, which keeps interest costs low.
In the June 2026 quarter, revenue rose 49.19% to Rs 5,554.50 crore and net profit grew 49.19% to Rs 531.70 crore. The share price has gained 73.24% over five years and 10.25% over the past year. The stock trades at a PE of 44.79 against an industry PE of 17.66, with a return on equity of 16.31%.
SRF: Quarterly Profit Up 75.53%
SRF operates in specialty chemicals, packaging films and technical textiles, and its chemicals business is a key earnings driver. It reported FY26 revenue of Rs 15,893.57 crore, up 7.20% year on year, and net profit of Rs 1,835.18 crore, up 46.72%. Revenue has compounded at 6.08% a year since FY22. Operating margin was 21.74% in FY26. The debt-to-equity ratio is 0.36.
The stock trades at a PE of 33.90 against an industry PE of 36.15, below the sector average, with a return on equity of 13.07%. In the June 2026 quarter, revenue rose 31.69% to Rs 5,067.17 crore and net profit grew 75.53% to Rs 758.87 crore. Domestic institutions raised their holding from 18.85% in June 2025 to 22.44% in June 2026.
SAIL: Quarterly Profit Up 120.80%
Steel Authority of India is a government-owned steel maker with integrated plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur. It reported FY26 revenue of Rs 1,11,705.02 crore, up 8.08% year on year, and net profit of Rs 3,372.80 crore, up 42.20%. Operating margin was 12.13% in FY26.
In the June 2026 quarter, revenue rose 1.41% to Rs 26,451.21 crore and net profit grew 120.80% to Rs 1,644.05 crore. The share price is up 29.40% over the past year. Foreign investors raised their holding from 3.65% in June 2025 to 7.09% in June 2026. The stock trades at a PE of 15.90 against an industry PE of 22.42, below the sector average.
Syrma SGS: 45.84% Profit CAGR Since FY22
Syrma SGS Technology makes electronic products under contract for automotive, industrial, healthcare and consumer customers. It reported FY26 revenue of Rs 4,856.87 crore, up 26.61% year on year, and net profit of Rs 345.81 crore, up 87.48%. Net profit has compounded at 45.84% a year since FY22, while revenue has grown 39.45% a year. Operating margin was 11.99% in FY26. The debt-to-equity ratio is 0.14, which keeps interest costs low.
The stock trades at a PE of 75.23 against an industry PE of 80.10, below the sector average. In the June 2026 quarter, revenue rose 67.05% to Rs 1,603.68 crore and net profit grew 111.72% to Rs 105.69 crore. The share price has gained 443.96% over five years and 112.17% over the past year. Foreign investors raised their holding from 7.06% in August 2025 to 7.52% in June 2026.
Low PEG Ratio Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these low PEG ratio stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Coforge | 16,475.90 | 1,674.50 | 34.63% | 26.26% | 49.19% | 18.63% |
| SRF | 15,893.57 | 1,835.18 | 7.20% | 6.08% | 31.69% | 25.73% |
| SAIL | 1,11,705.02 | 3,372.80 | 8.08% | 1.72% | 1.41% | 16.16% |
| Syrma SGS | 4,856.87 | 345.81 | 26.61% | 39.45% | 67.05% | 11.12% |
Check the Univest Screener for live data on these low PEG ratio stocks
Institutional Holding in Coforge, SRF, SAIL and Syrma SGS
Institutional holding shows who is backing these low PEG ratio stocks alongside the promoter. The table uses the latest reported quarter for each. Coforge has the deepest institutional backing, with FII and DII together holding 66.93% as of June 2026. Domestic institutions increased their holding over the past year in SRF (from 18.85% to 22.44%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Coforge | Nil | 24.31% | 42.62% | 33.07% | June 2026 |
| SRF | 50.26% | 15.45% | 22.44% | 11.85% | June 2026 |
| SAIL | 65.00% | 7.09% | 16.86% | 11.05% | June 2026 |
| Syrma SGS | 42.28% | 7.52% | 15.90% | 34.30% | June 2026 |
Risks to Weigh in Low PEG Ratio Stocks
Being careful with low PEG ratio stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: Coforge trades at a PE of 44.79 against an industry PE of 17.66, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Low PEG Ratio Stocks
Picking from low PEG ratio stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (17.66 to 80.10) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among low PEG ratio stocks, Coforge stands out for the highest return on equity at 16.31%, SRF for 7.20% revenue growth in FY26, SAIL for the strongest latest-quarter profit growth at 120.80% and Syrma SGS for the fastest profit growth, 45.84% a year since FY22. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing low PEG ratio stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Low PEG Ratio Stocks to Watch
Which are the best low PEG ratio stocks to watch for multibagger potential?
Ans. Coforge, SRF, SAIL and Syrma SGS are the 4 names this list highlights, with market caps of Rs 86,017 crore, Rs 73,282 crore, Rs 67,921 crore and Rs 30,217 crore respectively. Coforge is notable for the highest return on equity at 16.31%. SRF stands out for 7.20% revenue growth in FY26. SAIL offers the strongest latest-quarter profit growth at 120.80%. Syrma SGS brings the fastest profit growth, 45.84% a year since FY22. These are watchlist names for low PEG ratio stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Coforge a good stock for long-term investors?
Ans. Coforge has a return on equity of 16.31%, a PE of 44.79 against an industry PE of 17.66 and a market cap of Rs 86,017 crore. Net profit has compounded at 23.72% a year since FY22, and FY26 revenue rose 34.63% while June 2026 quarter net profit grew 49.19%. Long-term returns in low PEG ratio stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Syrma SGS become a multibagger from here?
Ans. Syrma SGS has already gained 443.96% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in low PEG ratio stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 45.84% a year since FY22, and FY26 revenue rose 26.61%. At a PE of 75.23 against an industry PE of 80.10, valuation should be checked against that growth before investing.
What is the market cap of Coforge, SRF, SAIL and Syrma SGS?
Ans. As of 23 October 2026, Coforge has a market cap of Rs 86,017 crore, SRF has a market cap of Rs 73,282 crore, SAIL has a market cap of Rs 67,921 crore and Syrma SGS has a market cap of Rs 30,217 crore. All of them qualify as midcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on low PEG ratio stocks.
What are the risks of investing in low PEG ratio stocks?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Coforge trades at a PE of 44.79 against an industry PE of 17.66, so earnings growth needs to hold up.
Why is Coforge trading at a PE of 44.79?
Ans. Coforge’s PE of 44.79 compares with an industry PE of 17.66. The market is paying a premium for a return on equity of 16.31%, profit growth of 23.72% a year since FY22 and latest-quarter profit growth of 49.19%, which also means the stock is more sensitive if growth slows. Investors in low PEG ratio stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Coforge, SRF, SAIL and Syrma SGS?
Ans. As of the latest reported quarter, FII and DII together hold 66.93% of Coforge (24.31% and 42.62%), 37.89% of SRF (15.45% and 22.44%), 23.95% of SAIL (7.09% and 16.86%) and 23.42% of Syrma SGS (7.52% and 15.90%). Rising institutional holding is a useful signal in low PEG ratio stocks, though it should be read with earnings trends rather than on its own.
