Suzlon Energy and 5 Other Stocks Under ₹200 With PEG and D/E Less Than 1 to Keep on Your Radar

Synopsis: The stocks under ₹200 with PEG and debt-to-equity ratios below 1 indicate attractive valuations and manageable leverage. It features companies including Suzlon, Ashoka Buildcon, IOCL, and Websol Energy, combining growth potential with relatively strong financial stability and long-term investment appeal.

The stocks trading below Rs. 200 with a PEG ratio and Debt-to-Equity (D/E) ratio of less than 1 indicate relatively attractive valuations along with manageable debt levels. These companies may offer a balance of growth potential and financial stability across various sectors.

Investors often use a PEG below 1 to identify stocks where earnings growth may not be fully priced in, while a low D/E ratio reflects healthier balance sheets and lower financial risk. However, along with these metrics, investors should also track business quality, earnings consistency, sector outlook, and management performance before making investment decisions. Here is the list of stocks to watch out for

Websol Energy System Ltd

Websol Energy System Ltd is engaged in manufacturing solar photovoltaic cells and modules used in renewable energy projects. The company benefits from India’s growing focus on clean energy, domestic solar manufacturing, and government incentives under the renewable energy push. It primarily caters to solar power developers, EPC companies, and industrial energy solution providers.

With a current market price of Rs. 110, the company’s PEG ratio stood at 0.11, with an ROCE of 63.2 percent and ROE of 66.9 percent, along with a debt-to-equity ratio of 0.21, showcasing strong overall financial performance metrics.

GK Energy Ltd

GK Energy Ltd operates in the renewable energy sector, focusing on solar power solutions and related infrastructure services. The company provides engineering, procurement, and commissioning solutions for commercial and industrial clients. It derives over a major part of its revenue from executing solar-powered agricultural water pump systems for farmers across rural India

With a current market price of Rs. 125, the company’s PEG ratio stood at 0.07, with an ROCE of 40.9 percent and ROE of 36.8 percent, along with a debt-to-equity ratio of 0.23, showcasing strong overall financial performance metrics.

Billionbrains Garage Ventures Ltd

Billionbrains Garage Ventures Ltd is the parent company of the investment platform Groww, which offers stock trading, mutual funds, ETFs, and financial investment services. The company has rapidly expanded its digital financial ecosystem by targeting young retail investors with a simple and technology-driven investment platform across India’s growing fintech market.

With a current market price of Rs. 185, the company’s PEG ratio stood at 0.85, with an ROCE of 37.3 percent and ROE of 28.8 percent, along with a debt-to-equity ratio of 0.03, showcasing strong overall financial performance metrics.

Ashoka Buildcon Ltd

Ashoka Buildcon Ltd is an infrastructure development company involved in highways, bridges, power transmission, railways, and EPC projects. The company has a strong presence in road construction under government infrastructure programs. Its diversified project portfolio and order book position it to benefit from continued investments in India’s infrastructure development sector.

With a current market price of Rs. 122, the company’s PEG ratio stood at 0.12, with an ROCE of 26.5 percent and ROE of 15.3 percent, along with a debt-to-equity ratio of 0.24, showcasing strong overall financial performance metrics.

Indian Oil Corporation Ltd

Indian Oil Corporation Ltd is India’s largest state-owned oil refining and fuel marketing company. It operates across refining, pipelines, petrochemicals, fuel retailing, and gas distribution. The company plays a major role in India’s energy sector and is also expanding into renewable energy, green hydrogen, and alternative fuel infrastructure initiatives.

With a current market price of Rs. 57, the company’s PEG ratio stood at 0.14, with an ROCE of 35.1 percent and ROE of 40.6 percent, along with a debt-to-equity ratio of 0.06, showcasing strong overall financial performance metrics.

Suzlon Energy Ltd

Suzlon Energy Ltd is one of India’s leading renewable energy companies specializing in wind turbine manufacturing, installation, and maintenance services. The company operates across wind energy project development and operations. Suzlon has gained attention from India’s accelerating clean energy transition, improving financial performance, and rising demand for renewable power capacity additions.

With a current market price of Rs. 54.8, the company’s PEG ratio stood at 0.14, with an ROCE of 35.1 percent and ROE of 40.6 percent, along with a debt-to-equity ratio of 0.06, showcasing strong overall financial performance metrics.

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