PEG Screen Flags Eight NSE Stocks With Profit Growth

A PEG screen flags eight NSE stocks where profit growth outruns the P/E. The list is not a collection of steady compounders. It's Chennai Petroleum, Fedders Holding, ACME Solar, Ventive, Akzo Nobel India, Piramal Finance, Tata Steel and Waaree Energies. A PEG ratio below 0.15 means reported profit growth is at least 6.7 times the price-to-earnings multiple. A stock trading at 10 times earnings with 100% profit growth has a PEG of 0.10. The math is simple. What comes next is harder: figuring out which of these profit spikes can survive. The screen returned just eight names across the NSE universe. That is a tight filter. It catches companies where trailing earnings growth overwhelms the multiple. It also catches companies whose growth rate is not repeatable. FairStock's PEG screen is mechanical. It doesn't adjust for one-time gains, tax credits, base effects or falling revenue. That matters. How the PEG Screen Flags Eight NSE Stocks Several flagged names sit in cyclical sectors where profit growth looks spectacular only because the prior year was depressed. Take [Chennai Petroleum](/stock/CHENNPETRO) (NSE: CHENNPETRO). Refining spreads drive its income statement. When cracks widen, net profit can double or triple in a quarter. The P/E stays low because investors know those spreads mean-revert. Calling that cheap ignores the cycle. [Tata Steel](/stock/TATASTEEL) (NSE: TATASTEEL) is the same pattern. A swing from loss to profit creates a growth rate that exaggerates recovery. If the base is near zero, the screen sees a huge number. The market sees a steel cycle. [Akzo Nobel India](/stock/AKZOINDIA) (NSE: AKZOINDIA) tells a different story. Paint demand hasn't exploded. Lower input costs flatter margins. That's an earnings tailwind, not a pricing power signal. Then comes the renewables pair. [ACME Solar](/stock/ACMESOLAR) (NSE: ACMESOLAR) and [Waaree Energies](/stock/WAAREEENER) (NSE: WAAREEENER) sit in a sector with real demand. But the screen doesn't check whet...