4 Largecap PEG Ratio Below 1 Stocks to Watch for Future Multibagger Potential: NTPC, Bajaj Finserv, Shriram Finance and BSE

PEG ratio below 1 stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. NTPC, Bajaj Finserv, Shriram Finance and BSE meet that test, with market caps from Rs 1.50 lakh crore to Rs 3.12 lakh crore and NTPC offering the lowest PE of the group at 11.03. Each of these companies has a PEG ratio below 1, worked out as the price to earnings ratio divided by the FY22 to FY26 profit CAGR, 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 PEG ratio below 1, worked out as the price to earnings ratio divided by the FY22 to FY26 profit CAGR, 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, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening PEG ratio below 1 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 PEG Ratio Below 1 Stocks and Why Do They Attract Multibagger Interest?

PEG ratio below 1 stocks are shares of large companies whose price to earnings ratio is lower than their yearly profit growth rate, which means investors are paying less than the speed of growth would normally justify. The four here cover financial services and insurance, power generation, vehicle finance and stock exchange services.

A PEG ratio below 1 is one of the most followed signs of value in growing companies, because it shows that profit is growing faster than the price paid for each rupee of earnings. For PEG ratio below 1 stocks, both FY26 and the latest quarter showed growth. With PEG ratio below 1 stocks, comparing valuation, growth and balance sheet strength together works better than relying on one number. Every company in the table below passed a rising-profit check, and the figures for PEG ratio below 1 stocks are complete. Read each company’s latest results and exchange filings before acting on PEG ratio below 1 stocks.

PEG Ratio Below 1 Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book

Prices are closing prices as of 29 October 2026. NTPC has the lowest PE of the group at 11.03, while BSE posts the highest return on equity at 37.42%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Price to Book	52-Week Range (Rs)
NTPC	310.50	3,12,424	11.03	21.61	13.31%	1.54	298.00 to 414.40
Bajaj Finserv	1,668	2,72,128	13.19	17.68	12.58%	3.49	1,597.00 to 2,195.00
Shriram Finance	841.10	2,08,485	18.42	17.68	15.21%	1.98	662.25 to 1,153.70
BSE Ltd	3,502	1,49,972	53.15	42.42	37.42%	22.47	2,326.10 to 4,446.80

NTPC: Five-Year Gain of 110.40%

NTPC is India’s largest power generation company and is growing its renewable energy portfolio. It reported FY26 revenue of Rs 1,89,798.56 crore and net profit of Rs 30,009.98 crore, up 48.19%. Net profit has compounded at 18.01% a year since FY22, while revenue has grown 8.89% a year. Operating margin was 32.45% in FY26.

In the June 2026 quarter, revenue rose 6.94% to Rs 51,141.51 crore and net profit grew 12.90% to Rs 6,896.44 crore. The share price has gained 110.40% over five years. Domestic institutions raised their holding from 28.92% in June 2025 to 29.44% in June 2026. The stock trades at a PE of 11.03 against an industry PE of 21.61, below the sector average, with a return on equity of 13.31%. The dividend yield is 2.80%.

Bajaj Finserv: 24.02% Profit CAGR Since FY22

Bajaj Finserv is a financial services holding company with interests in lending through Bajaj Finance and in general and life insurance. It reported FY26 total income of Rs 1,50,530.38 crore, up 13.23% year on year, and net profit of Rs 19,669.47 crore, up 12.03%. Net profit has compounded at 24.02% a year since FY22, while total income has grown 21.78% a year.

The stock trades at a PE of 13.19 against an industry PE of 17.68, below the sector average, with a return on equity of 12.58%. In the June 2026 quarter, total income rose 19.08% to Rs 42,036.90 crore and net profit grew 18.15% to Rs 6,296.67 crore. Domestic institutions raised their holding from 10.09% in June 2025 to 12.10% in June 2026.

Shriram Finance: 38.64% Profit CAGR Since FY22

Shriram Finance is a major NBFC focused on commercial vehicle, small business and personal loans. It reported FY26 total income of Rs 48,192.65 crore, up 15.13% year on year, and net profit of Rs 10,004.20 crore, up 6.16%. Net profit has compounded at 38.64% a year since FY22, while total income has grown 25.75% a year.

In the June 2026 quarter, total income rose 16.26% to Rs 13,418.74 crore and net profit grew 59.95% to Rs 3,447.26 crore. The share price has gained 239.61% over five years and 40.91% over the past year. Domestic institutions raised their holding from 18.66% in September 2025 to 19.90% in June 2026. The stock trades at a PE of 18.42 against an industry PE of 17.68, with a return on equity of 15.21%.

BSE: 78.30% Profit CAGR Since FY22

BSE Ltd operates one of India’s two major stock exchanges and earns from trading, listing, data and clearing services. It reported FY26 revenue of Rs 5,148.10 crore, up 59.07% year on year, and net profit of Rs 2,475.30 crore, up 87.94%. Net profit has compounded at 78.30% a year since FY22, while revenue has grown 56.26% a year. Operating margin was 68.39% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.

The stock trades at a PE of 53.15 against an industry PE of 42.42, with a return on equity of 37.42%. In the June 2026 quarter, revenue rose 63.41% to Rs 1,706.72 crore and net profit grew 62.15% to Rs 872.66 crore. The share price has gained 2101.66% over five years and 37.49% over the past year. Domestic institutions raised their holding from 13.51% in June 2025 to 24.15% in June 2026.

PEG Ratio Below 1 Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these PEG ratio below 1 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)	4-Year Revenue CAGR	4-Year Net Profit CAGR	Latest Quarter Revenue Growth
NTPC	1,89,798.56	30,009.98	8.89%	18.01%	6.94%
Bajaj Finserv	1,50,530.38	19,669.47	21.78%	24.02%	19.08%
Shriram Finance	48,192.65	10,004.20	25.75%	38.64%	16.26%
BSE	5,148.10	2,475.30	56.26%	78.30%	63.41%

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Institutional Holding in NTPC, Bajaj Finserv, Shriram Finance and BSE

Institutional holding shows who is backing these PEG ratio below 1 stocks alongside the promoter. The table uses the latest reported quarter for each. Shriram Finance has the deepest institutional backing, with FII and DII together holding 74.67% as of June 2026. Domestic institutions increased their holding over the past year in NTPC (from 28.92% to 29.44%), Bajaj Finserv (from 10.09% to 12.10%), Shriram Finance (from 18.66% to 19.90%) and BSE (from 13.51% to 24.15%).

Stock	Promoter	FII	DII	Public	Quarter
NTPC	51.10%	16.30%	29.44%	3.15%	June 2026
Bajaj Finserv	58.71%	6.91%	12.10%	22.28%	June 2026
Shriram Finance	20.30%	54.77%	19.90%	5.04%	June 2026
BSE	Nil	21.32%	24.15%	54.53%	June 2026

Risks to Weigh in PEG Ratio Below 1 Stocks

Being careful with PEG ratio below 1 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: BSE trades at a PE of 53.15 against an industry PE of 42.42, 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 PEG Ratio Below 1 Stocks

Picking from PEG ratio below 1 stocks comes down to four checks, applied in order.

1. Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
2. Compare each PE with the industry PE (17.68 to 42.42) and ask whether the growth rate justifies any gap.
3. Track net profit growth, the operating margin and the return on equity in every quarterly result.
4. Stagger entries across quarters and review institutional holding every reporting season.

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Conclusion

Among PEG ratio below 1 stocks, NTPC stands out for the lowest PE of the group at 11.03, Bajaj Finserv for 13.23% revenue growth in FY26, Shriram Finance for 15.13% revenue growth in FY26 and BSE for the highest return on equity at 37.42%. 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 PEG ratio below 1 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.

Frequently Asked Questions on PEG Ratio Below 1 Stocks to Watch

Which are the best PEG ratio below 1 stocks to watch for multibagger potential?

Ans. NTPC, Bajaj Finserv, Shriram Finance and BSE are the 4 names this list highlights, with market caps of Rs 3,12,424 crore, Rs 2,72,128 crore, Rs 2,08,485 crore and Rs 1,49,972 crore respectively. NTPC is notable for the lowest PE of the group at 11.03. Bajaj Finserv stands out for 13.23% revenue growth in FY26. Shriram Finance offers 15.13% revenue growth in FY26. BSE brings the highest return on equity at 37.42%. These are watchlist names for PEG ratio below 1 stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is BSE a good stock for long-term investors?

Ans. BSE has a return on equity of 37.42%, a PE of 53.15 against an industry PE of 42.42 and a market cap of Rs 1,49,972 crore. Net profit has compounded at 78.30% a year since FY22, and FY26 revenue rose 59.07% while June 2026 quarter net profit grew 62.15%. Long-term returns in PEG ratio below 1 stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Shriram Finance become a multibagger from here?

Ans. Shriram Finance has already gained 239.61% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in PEG ratio below 1 stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 38.64% a year since FY22, and FY26 revenue rose 15.13%. At a PE of 18.42 against an industry PE of 17.68, valuation should be checked against that growth before investing.

What is the market cap of NTPC, Bajaj Finserv, Shriram Finance and BSE?

Ans. As of 29 October 2026, NTPC has a market cap of Rs 3,12,424 crore, Bajaj Finserv has a market cap of Rs 2,72,128 crore, Shriram Finance has a market cap of Rs 2,08,485 crore and BSE has a market cap of Rs 1,49,972 crore. All of them qualify as largecaps. 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 PEG ratio below 1 stocks.

What are the risks of investing in PEG ratio below 1 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. BSE trades at a PE of 53.15 against an industry PE of 42.42, so earnings growth needs to hold up.

Why is BSE trading at a PE of 53.15?

Ans. BSE’s PE of 53.15 compares with an industry PE of 42.42. The market is paying a premium for a return on equity of 37.42%, profit growth of 78.30% a year since FY22 and latest-quarter profit growth of 62.15%, which also means the stock is more sensitive if growth slows. Investors in PEG ratio below 1 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 NTPC, Bajaj Finserv, Shriram Finance and BSE?

Ans. As of the latest reported quarter, FII and DII together hold 45.74% of NTPC (16.30% and 29.44%), 19.01% of Bajaj Finserv (6.91% and 12.10%), 74.67% of Shriram Finance (54.77% and 19.90%) and 45.47% of BSE (21.32% and 24.15%). Rising institutional holding is a useful signal in PEG ratio below 1 stocks, though it should be read with earnings trends rather than on its own.