Low PE stocks below Rs 1000

Low PE stocks below Rs 1000: It is very rare to find jewelry in stock in the market. Some stocks are undervalued due to news, business parameters, or lack of earnings. Price-to-earnings ratio is one of the parameters used to determine the value of a stock. Trading stocks below industry average but with strong fundamentals may represent an opportunity to own a good company.

Less than Rs. 1,000 can also be easy on your pocket. In this article, we will look at low PE stocks under Rs 1000 and look at their financials and more.

#1 Low PE Stock Under Rs 1000: West Coast Paper

west coast paper It was established in 1955 and its factory is located in Dandeli, Karnataka. They are one of India’s largest producers of printing, writing and packaging paper. The company’s high-quality papers serve a variety of industries in India, including printing, writing, publishing, stationery, notebooks and packaging.

West Coast generates the majority of revenue from operations, with paper accounting for 95.76% (up 45.05%), cable accounting for 4.23% (up 61.84%), and other accounting for the remaining 0.01%.

The stock was trading at Rs. The price-to-earnings ratio is low at 4.85x, while the industry average is 25.54x. RoE and RoCE for FY23 were impressive at 33.03% and 48.84% respectively.

The company’s operating revenue in 2023 was 10 billion won. 4,920.76 crore, up from Rs. It increased by 45.68% to ₹3,377.66 crore in FY22. Net profit in fiscal 2023 increased 214.27% to 1.3 trillion won. 1,087.01 crore from Rs. In fiscal year 22, it is $3458.8 billion. The first stock in the list of low PE stocks under Rs 1000 is West Coast Paper Mills.

Low PE Stock Under Rs 1000 #2: Adani Power

In 1996 Adani Power (APL) was established as an electricity trading company. Now, this power plant has developed into India’s largest civil thermal power plant, both naturally and artificially. It is part of Adani Group led by Gautam Adani.

Mundra, Gujarat opened its first power plant in 2006. Currently, Adani Electricity has seven coal-fired power plants in Gujarat, Maharashtra, Karnataka, Chhattisgarh, Madhya Pradesh, Jharkhand and Rajasthan with a total power generation capacity of 15,210 MW.

We also have a 40 MW solar power plant in Gujarat. A plant is being built in Madhya Pradesh to increase capacity from 1,200 MW to 1,600 MW. Adani Power’s operating revenue comes from segments such as Power Generation (97.73%, up 39.21% YoY) and Trading, Investments and Other Activities (2.26%, up 79.29% YoY) in FY23.

The company’s price-to-earnings ratio is 10.16x, compared to the industry average of 42.57x. As of FY23, RoE and RoCE were 50.86% and 23.49%, respectively. The company’s operating revenue was 160 million won. 38,773.30 crore in FY23, up from Rs 27,711.18 crore in FY22, an increase of 39.92%.

Net profit recorded 140 million won. 10,726.64 crore in FY23 compared to Rs. It increased by 118.39% to ₹4,911.58 crore in FY22. In the previous period, there was a profit from investment sale of 50 million won. 69.5 billion in other income and 3,395 crore in operating revenue of Rs. In FY23, $237.7 billion was recognized.

#3 Low PE Stock Under Rs 1000: Zydus Lifesciences

Founded by Mr. Ramanbhai B. Patel Zydus Life Sciences After the restructuring of Zydus Lifesciences in 1952 in 1995, Cadila Healthcare was established under the Zydus group. The group has achieved tremendous financial growth with a turnover of Rs. In 1995, it increased from $25 billion to over Rs. 17,000 billion in FY-21. Excellent overall ability pharmaceutical value chain.

Products range from formulas to active pharmaceutical ingredients, wellness items and animal health care products. Zydus generated revenue from operations in segments including Pharmaceuticals, which accounted for 86.97%, up 14.17% year-on-year in FY23, and Consumer Goods, which accounted for 13.02%.

The company’s P/E ratio is 24.45x, compared to the industry average of 46.02x. ROE and RoCE in FY23 were 17.03% and 22.68%, respectively. The company earned an operating profit of Rs. 17,237.4 crore in FY23, up from Rs. It increased by 14.08% to ₹15,109.9 crore in FY22.

Net profit recorded 140 million won. 2,091.90 crore in FY23 compared to Rs. It declined by 54.70% to ₹4,618.30 crore in FY22. In FY23, Sentynl Therapeutics, one of its wholly owned subsidiaries, recognized goodwill as an exceptional item due to change in business plan worth Rs. 604.20 crore impacted revenue. The third stock we have is

#4 Low PE Stocks Under Rs 1000: Pearl Global Industries

Founded by Deepak Kumar Pearl Global Industries Through its domestic and international facilities and activities, the company manufactures, supplies, distributes and exports ready-to-wear garments and provides end-to-end supply chain solutions to brands across the world.

Bangladesh, India, Hong Kong and other regions are the geographical segments of the company. We are offering bottoms, woven items, knits, etc. in the men’s, women’s, and children’s clothing categories. Woven accounted for 44% of Pearl Global’s operating revenues, with Knitted accounting for the remaining 56%.

Geographically, 34.94% of its revenue came from India, while the remaining 65.05% came from globally. The company’s P/E ratio of 15.44x compares to the industry average of 46.02x. As of FY23, RoE and RoCE were 23.60% and 22.69%, respectively.

The operating revenue of the company was Rs. 3,158 crore in FY23 compared to Rs. It increased by 16.39% to Rs 2,714 crore in FY22. Net profit in fiscal 2023 increased by 118.13% to KRW 1.3 trillion. 153 crore from Rs. 7 billion dollars in 2022. While the company’s domestic sales increased as the average realization rate increased, domestic sales It increased with increasing volume.

#5 Low PE Stocks Under Rs 1000: Nava

Nava It was established in 1972 as an iron alloy manufacturer in India. These are a variety of companies in the metal manufacturing, power, mining, agribusiness and healthcare sectors. It employs more than 1,000 people across two continents: India, Southeast Asia and Africa.

In 2010, we expanded our presence in Africa by acquiring 65% of Maamba Collieries, Zambia’s largest coal mine concession, which led to the development of a 300 MW power plant in Zambia. The plant accounts for 10% of Zambia’s total installed capacity.

In a recent arbitration brought by MCL against Zambia Electricity Supply, the company was awarded a judgment awarding approximately $518 million in dues, significantly reducing the company’s debt burden.

Nava’s operating revenue in FY23 came from segments such as Ferro Alloy – 29.88%, Power – 64.87%, Mining – 4.67% with the remaining being unallocated 0.58%. The stock’s PER is 8.08 times, compared to the industry average of 40.13 times. RoE and RoCE in FY23 were 14.11% and 20.96%, respectively.

The company reported operating revenue of Rs. 3,528.14 crore in FY23, up from Rs 3,347.66 crore in FY22, an increase of 5.39%. Net profit increased by 113.10% to 3.3 billion won. 1,221.69 crore in FY23 from Rs. 573.28 million in FY22. This is the last stock in the list of low PE stocks below Rs 1000.

conclusion:

Low PE Stocks Under Rs 1000 As you can see at the end of the article, these stocks with low P/E ratios have the potential to generate higher returns for investors if the company grows. Before investing, investors should consider other factors such as management’s views and industry analysis.

A low P/E for a stock may be a cause for corporate trouble. What do you think about the potential of these companies? Let us know your thoughts in the comments section below.

Written by Santosh

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