4 Smallcap Low PEG Ratio and Below Industry PE Stocks to Watch for Future Multibagger Potential: Engineers India, Shipping Corporation, Genus Power and Time Technoplast

Low PEG ratio and below industry PE stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Engineers India, Shipping Corporation, Genus Power and Time Technoplast meet that test, with market caps from Rs 8,227 crore to Rs 16,923 crore and Engineers India offering the strongest latest-quarter profit growth at 117.04%. Each of these companies has a market capitalisation below Rs 30,000 crore and a PEG ratio below 1.5 and a price to earnings ratio below the industry average, 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 PEG ratio below 1.5 and a price to earnings ratio below the industry average, 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 low PEG ratio and below industry PE 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 Low PEG Ratio and Below Industry PE Stocks and Why Do They Attract Multibagger Interest?

Low PEG ratio and below industry PE stocks are shares of smaller companies that trade at a lower earnings multiple than their industry and still grow profit faster than that multiple, which is a double sign of value. The four here cover engineering consultancy, shipping, smart meters and plastic packaging.

When a share trades below its industry multiple and its growth rate is higher than the multiple, the market is pricing the company less richly than its peers despite its growth. Within low PEG ratio and below industry PE stocks, the four companies show rising profit. In low PEG ratio and below industry PE stocks, each of the four also posted growth in the latest quarter. For low PEG ratio and below industry PE stocks, both FY26 and the latest quarter showed growth. Whichever way you read low PEG ratio and below industry PE stocks, the common thread is rising profit backed by complete financial data. With low PEG ratio and below industry PE 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 low PEG ratio and below industry PE stocks are complete. Read each company's latest results and exchange filings before acting on low PEG ratio and below industry PE stocks.

Low PEG Ratio and Below Industry PE Stocks at a Glance: Price, Market Cap, PE and ROE

Prices are closing prices as of 29 October 2026. Shipping Corporation has the lowest PE of the group at 7.98, while Genus Power posts the highest return on equity at 26.71%.

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
Shipping Corporation of India	253.90	12,913	7.98	8.87	14.87%	0.29	195.55 to 368.75
Genus Power Infrastructures	278.30	8,693	13.34	45.71	26.71%	1.04	210.40 to 363.00
Time Technoplast	162.72	8,227	16.52	36.61	11.46%	0.18	154.00 to 227.50

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%.

Shipping Corporation: Quarterly Profit Up 74.87%

Shipping Corporation of India is a government-owned shipping line with a fleet of tankers, bulk carriers and container vessels. It reported FY26 revenue of Rs 6,226.78 crore, up 7.35% year on year, and net profit of Rs 1,352.92 crore, up 60.38%. Net profit has compounded at 11.82% a year since FY22, while revenue has grown 5.12% a year. Operating margin was 46.04% in FY26. The debt-to-equity ratio is 0.29.

The stock trades at a PE of 7.98 against an industry PE of 8.87, below the sector average, with a return on equity of 14.87%. The dividend yield is 2.71%. In the June 2026 quarter, revenue rose 33.81% to Rs 1,956.84 crore and net profit grew 74.87% to Rs 619.34 crore. The share price has gained 98.18% over five years and 23.82% over the past year. Foreign investors raised their holding from 6.13% in June 2025 to 8.97% in June 2026.

Genus Power: 76.37% Profit CAGR Since FY22

Genus Power Infrastructures makes smart meters and metering solutions for power utilities. It reported FY26 revenue of Rs 4,821.22 crore, up 90.97% year on year, and net profit of Rs 564.95 crore, up 91.68%. Net profit has compounded at 76.37% a year since FY22, while revenue has grown 59.53% a year. Operating margin was 20.70% in FY26.

In the June 2026 quarter, revenue rose 45.98% to Rs 1,407.29 crore and net profit grew 35.55% to Rs 174.70 crore. The share price has gained 219.09% over five years. The stock trades at a PE of 13.34 against an industry PE of 45.71, below the sector average, with a return on equity of 26.71%.

Time Technoplast: 25.49% Profit CAGR Since FY22

Time Technoplast makes polymer and composite products including industrial containers, composite cylinders and automotive components. It reported FY26 revenue of Rs 6,114.40 crore, up 11.94% year on year, and net profit of Rs 476.61 crore, up 20.83%. Net profit has compounded at 25.49% a year since FY22, while revenue has grown 13.74% a year. Operating margin was 14.76% in FY26. The debt-to-equity ratio is 0.18.

The stock trades at a PE of 16.52 against an industry PE of 36.61, below the sector average. In the June 2026 quarter, revenue rose 25.13% to Rs 1,693.80 crore and net profit grew 22.07% to Rs 117.86 crore. The share price has gained 383.36% over five years. Domestic institutions raised their holding from 16.63% in November 2025 to 17.85% in September 2026.

Low PEG Ratio and Below Industry PE Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these low PEG ratio and below industry PE 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%
Shipping Corporation	6,226.78	1,352.92	7.35%	5.12%	11.82%	51.32%
Genus Power	4,821.22	564.95	90.97%	59.53%	76.37%	22.14%
Time Technoplast	6,114.40	476.61	11.94%	13.74%	25.49%	13.32%

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Institutional Holding in Engineers India, Shipping Corporation, Genus Power and Time Technoplast

Institutional holding shows who is backing these low PEG ratio and below industry PE stocks alongside the promoter. The table uses the latest reported quarter for each. Time Technoplast has the deepest institutional backing, with FII and DII together holding 27.01% as of September 2026. Domestic institutions increased their holding over the past year in Engineers India (from 13.75% to 16.61%) and Time Technoplast (from 16.63% to 17.85%).

Stock	Promoter	FII	DII	Public	Quarter
Engineers India	51.32%	8.09%	16.61%	23.98%	September 2026
Shipping Corporation	63.75%	8.97%	2.08%	25.20%	June 2026
Genus Power	39.34%	18.72%	3.05%	38.89%	June 2026
Time Technoplast	47.47%	9.16%	17.85%	25.52%	September 2026

Risks to Weigh in Low PEG Ratio and Below Industry PE Stocks

Being careful with low PEG ratio and below industry PE 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 Low PEG Ratio and Below Industry PE Stocks

Picking from low PEG ratio and below industry PE 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 (8.87 to 45.71) 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 low PEG ratio and below industry PE stocks, Engineers India stands out for the strongest latest-quarter profit growth at 117.04%, Shipping Corporation for the lowest PE of the group at 7.98, Genus Power for the highest return on equity at 26.71% and Time Technoplast for the biggest five-year price gain at 383.36%. 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 and below industry PE 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 Low PEG Ratio and Below Industry PE Stocks to Watch

Which are the best low PEG ratio and below industry PE stocks to watch for multibagger potential?

Ans. Engineers India, Shipping Corporation, Genus Power and Time Technoplast are the 4 names this list highlights, with market caps of Rs 16,923 crore, Rs 12,913 crore, Rs 8,693 crore and Rs 8,227 crore respectively. Engineers India is notable for the strongest latest-quarter profit growth at 117.04%. Shipping Corporation stands out for the lowest PE of the group at 7.98. Genus Power offers the highest return on equity at 26.71%. Time Technoplast brings the biggest five-year price gain at 383.36%. These are watchlist names for low PEG ratio and below industry PE stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is Genus Power a good stock for long-term investors?

Ans. Genus Power has a return on equity of 26.71%, a PE of 13.34 against an industry PE of 45.71 and a market cap of Rs 8,693 crore. Net profit has compounded at 76.37% a year since FY22, and FY26 revenue rose 90.97% while June 2026 quarter net profit grew 35.55%. Long-term returns in low PEG ratio and below industry PE stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Time Technoplast become a multibagger from here?

Ans. Time Technoplast has already gained 383.36% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in low PEG ratio and below industry PE stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 25.49% a year since FY22, and FY26 revenue rose 11.94%. At a PE of 16.52 against an industry PE of 36.61, valuation should be checked against that growth before investing.

What is the market cap of Engineers India, Shipping Corporation, Genus Power and Time Technoplast?

Ans. As of 29 October 2026, Engineers India has a market cap of Rs 16,923 crore, Shipping Corporation has a market cap of Rs 12,913 crore, Genus Power has a market cap of Rs 8,693 crore and Time Technoplast has a market cap of Rs 8,227 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 low PEG ratio and below industry PE stocks.

What are the risks of investing in low PEG ratio and below industry PE 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 Shipping Corporation trading below its industry PE?

Ans. Shipping Corporation trades at a PE of 7.98 against an industry PE of 8.87. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 11.82% a year since FY22 and FY26 revenue rose 7.35%) and balance sheet strength before drawing a conclusion.

How much do institutions hold in Engineers India, Shipping Corporation, Genus Power and Time Technoplast?

Ans. As of the latest reported quarter, FII and DII together hold 24.70% of Engineers India (8.09% and 16.61%), 11.05% of Shipping Corporation (8.97% and 2.08%), 21.77% of Genus Power (18.72% and 3.05%) and 27.01% of Time Technoplast (9.16% and 17.85%). Rising institutional holding is a useful signal in low PEG ratio and below industry PE stocks, though it should be read with earnings trends rather than on its own.