4 Smallcap Dividend Paying Low PEG Stocks to Watch for Future Multibagger Potential: Engineers India, Zensar, Bombay Burmah and Gujarat Pipavav
- October 30, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Engineers India Rs 261.15. Zensar Rs 537.30. Bombay Burmah Rs 1,180.90. Gujarat Pipavav Rs 162.54. Market caps from Rs 7,956 crore to Rs 16,923 crore. Data as of 29 Oct 2026.
Quick Answer
Engineers India, Zensar, Bombay Burmah and Gujarat Pipavav are the 4 picks in this dividend paying low PEG stocks watchlist, with market caps between Rs 7,956 crore and Rs 16,923 crore. Engineers India stands out for the highest return on equity at 21.98%, while Zensar offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. PE ratios run from 3.16 to 21.58, so compare each one with its industry PE before investing. All figures are as of 29 October 2026.
Dividend paying low PEG stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Engineers India, Zensar, Bombay Burmah and Gujarat Pipavav meet that test, with market caps from Rs 7,956 crore to Rs 16,923 crore and Engineers India offering the highest return on equity at 21.98%. Each of these companies has a market capitalisation below Rs 30,000 crore and a dividend yield of at least 1 per cent and a PEG ratio below 1.5, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation below Rs 30,000 crore and a dividend yield of at least 1 per cent and a PEG ratio below 1.5, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap below Rs 30,000 crore. Investors screening dividend paying low PEG stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 29 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Dividend Paying Low PEG Stocks and Why Do They Attract Multibagger Interest?
Dividend paying low PEG stocks are shares of smaller companies that pay regular dividends and also trade at a valuation that is low compared with their profit growth, a mix of income and growth value. The four here cover diversified trading, port services, IT services and engineering consultancy.
A dividend gives investors a return while they wait, and a low PEG ratio shows that profit growth is ahead of the price paid, so both parts of the return can work in favour of shareholders. Within dividend paying low PEG stocks, the four companies show rising profit. For dividend paying low PEG stocks, both FY26 and the latest quarter showed growth. Whichever way you read dividend paying low PEG stocks, the common thread is rising profit backed by complete financial data. Investors researching dividend paying low PEG stocks get a fuller picture by reading growth and valuation together. The table below lines up dividend paying low PEG stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use dividend paying low PEG stocks as a starting point for your own research.
Dividend Paying Low PEG Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 29 October 2026. Bombay Burmah has the lowest PE of the group at 3.16, while Engineers India posts the highest return on equity at 21.98%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Engineers India | 261.15 | 16,923 | 21.58 | 22.89 | 21.98% | 0.01 | 163.55 to 321.40 |
| Zensar Technologies | 537.30 | 11,965 | 15.42 | 18.27 | 16.41% | 0.02 | 416.15 to 822.00 |
| Bombay Burmah Trading Corporation | 1,180.90 | 8,146 | 3.16 | 37.21 | 17.65% | 0.23 | 1,177.00 to 1,864.00 |
| Gujarat Pipavav Port | 162.54 | 7,956 | 14.24 | 31.83 | 21.57% | 0.02 | 141.55 to 200.09 |
Engineers India: Revenue Up 26.95% in FY26
Engineers India provides engineering consultancy and project management services to the oil, gas, petrochemical and infrastructure sectors. It reported FY26 revenue of Rs 4,123.24 crore, up 26.95% year on year, and net profit of Rs 691.59 crore, up 19.29%. Net profit has compounded at 19.17% a year since FY22, while revenue has grown 7.89% a year. Operating margin was 23.96% in FY26. The debt-to-equity ratio is 0.01, which keeps interest costs low.
Net profit for the June 2026 quarter grew 117.04% to Rs 157.94 crore. The share price has gained 248.24% over five years and 38.39% over the past year. Domestic institutions raised their holding from 13.75% in September 2025 to 16.61% in September 2026. The stock trades at a PE of 21.58 against an industry PE of 22.89, below the sector average, with a return on equity of 21.98%. The dividend yield is 1.66%.
Zensar: Debt-to-Equity of 0.02
Zensar Technologies provides digital engineering, cloud and application services to global clients. It reported FY26 revenue of Rs 5,921.30 crore, up 8.83% year on year, and net profit of Rs 774.60 crore, up 19.21%. Net profit has compounded at 16.42% a year since FY22, while revenue has grown 7.82% a year. Operating margin was 19.78% in FY26. The debt-to-equity ratio is 0.02, which keeps interest costs low.
The stock trades at a PE of 15.42 against an industry PE of 18.27, below the sector average, with a return on equity of 16.41%. The dividend yield is 2.84%. In the June 2026 quarter, revenue rose 8.59% to Rs 1,565.60 crore and net profit grew 0.99% to Rs 183.80 crore. Domestic institutions raised their holding from 20.52% in June 2025 to 21.99% in June 2026.
Bombay Burmah: 32.90% Profit CAGR Since FY22
Bombay Burmah Trading Corporation is a Wadia group company with interests in tea and coffee plantations, auto electric components and a large stake in Britannia Industries. It reported FY26 revenue of Rs 19,853.44 crore, up 6.93% year on year, and net profit of Rs 2,499.25 crore, up 13.64%. Net profit has compounded at 32.90% a year since FY22, while revenue has grown 7.49% a year. Operating margin was 19.66% in FY26. The debt-to-equity ratio is 0.23.
In the June 2026 quarter, revenue rose 7.78% to Rs 5,156.55 crore and net profit grew 17.08% to Rs 582.67 crore. The share price has gained 579.59% over five years. Promoters hold 74.05%, which keeps ownership stable. The stock trades at a PE of 3.16 against an industry PE of 37.21, below the sector average, with a return on equity of 17.65%.
Gujarat Pipavav: 27.11% Profit CAGR Since FY22
Gujarat Pipavav Port runs a port in Gujarat that handles containers, bulk cargo and liquid cargo. It reported FY26 revenue of Rs 1,231.68 crore, up 15.25% year on year, and net profit of Rs 515.16 crore, up 29.80%. Net profit has compounded at 27.11% a year since FY22, while revenue has grown 12.38% a year. Operating margin was 70.97% in FY26. The debt-to-equity ratio is 0.02, which keeps interest costs low.
The stock trades at a PE of 14.24 against an industry PE of 31.83, below the sector average, with a return on equity of 21.57%. In the June 2026 quarter, revenue rose 28.02% to Rs 347.22 crore and net profit grew 41.76% to Rs 147.90 crore. Foreign investors raised their holding from 19.82% in September 2025 to 23.23% in September 2026.
Dividend Paying Low PEG Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these dividend paying low PEG 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 | 4-Year Net Profit CAGR | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Engineers India | 4,123.24 | 691.59 | 26.95% | 7.89% | 19.17% | 25.26% |
| Zensar | 5,921.30 | 774.60 | 8.83% | 7.82% | 16.42% | 18.44% |
| Bombay Burmah | 19,853.44 | 2,499.25 | 6.93% | 7.49% | 32.90% | 17.75% |
| Gujarat Pipavav | 1,231.68 | 515.16 | 15.25% | 12.38% | 27.11% | 69.52% |
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Institutional Holding in Engineers India, Zensar, Bombay Burmah and Gujarat Pipavav
Institutional holding shows who is backing these dividend paying low PEG stocks alongside the promoter. The table uses the latest reported quarter for each. Gujarat Pipavav has the deepest institutional backing, with FII and DII together holding 36.32% as of September 2026. Domestic institutions increased their holding over the past year in Engineers India (from 13.75% to 16.61%) and Zensar (from 20.52% to 21.99%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Engineers India | 51.32% | 8.09% | 16.61% | 23.98% | September 2026 |
| Zensar | 48.99% | 10.73% | 21.99% | 18.29% | June 2026 |
| Bombay Burmah | 74.05% | 9.46% | 1.03% | 15.46% | June 2026 |
| Gujarat Pipavav | 44.01% | 23.23% | 13.09% | 19.67% | September 2026 |
Risks to Weigh in Dividend Paying Low PEG Stocks
Being careful with dividend paying low PEG 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: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Dividend Paying Low PEG Stocks
Picking from dividend paying low PEG 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 (18.27 to 37.21) 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 dividend paying low PEG stocks, Engineers India stands out for the highest return on equity at 21.98%, Zensar for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02, Bombay Burmah for the fastest profit growth, 32.90% a year since FY22 and Gujarat Pipavav for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. 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 dividend paying low PEG 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 Dividend Paying Low PEG Stocks to Watch
Which are the best dividend paying low PEG stocks to watch for multibagger potential?
Ans. Engineers India, Zensar, Bombay Burmah and Gujarat Pipavav are the 4 names this list highlights, with market caps of Rs 16,923 crore, Rs 11,965 crore, Rs 8,146 crore and Rs 7,956 crore respectively. Engineers India is notable for the highest return on equity at 21.98%. Zensar stands out for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. Bombay Burmah offers the fastest profit growth, 32.90% a year since FY22. Gujarat Pipavav brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. These are watchlist names for dividend paying low PEG stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Engineers India a good stock for long-term investors?
Ans. Engineers India has a return on equity of 21.98%, a PE of 21.58 against an industry PE of 22.89 and a market cap of Rs 16,923 crore. Net profit has compounded at 19.17% a year since FY22, and FY26 revenue rose 26.95% while June 2026 quarter net profit grew 117.04%. Long-term returns in dividend paying low PEG stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Bombay Burmah become a multibagger from here?
Ans. Bombay Burmah has already gained 579.59% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in dividend paying low PEG stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 32.90% a year since FY22, and FY26 revenue rose 6.93%. At a PE of 3.16 against an industry PE of 37.21, valuation should be checked against that growth before investing.
What is the market cap of Engineers India, Zensar, Bombay Burmah and Gujarat Pipavav?
Ans. As of 29 October 2026, Engineers India has a market cap of Rs 16,923 crore, Zensar has a market cap of Rs 11,965 crore, Bombay Burmah has a market cap of Rs 8,146 crore and Gujarat Pipavav has a market cap of Rs 7,956 crore. All of them qualify as smallcaps. 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 dividend paying low PEG stocks.
What are the risks of investing in dividend paying low PEG 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. Comparing each PE with growth gives a fuller picture than the PE alone.
Is Bombay Burmah trading below its industry PE?
Ans. Bombay Burmah trades at a PE of 3.16 against an industry PE of 37.21. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 32.90% a year since FY22 and FY26 revenue rose 6.93%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in Engineers India, Zensar, Bombay Burmah and Gujarat Pipavav?
Ans. As of the latest reported quarter, FII and DII together hold 24.70% of Engineers India (8.09% and 16.61%), 32.72% of Zensar (10.73% and 21.99%), 10.49% of Bombay Burmah (9.46% and 1.03%) and 36.32% of Gujarat Pipavav (23.23% and 13.09%). Rising institutional holding is a useful signal in dividend paying low PEG stocks, though it should be read with earnings trends rather than on its own.
