According to reports from The Financial Express, the analysis used Peter Lynch's PEG ratio approach to screen Indian mid-cap stocks, focusing on companies with market capitalisation between ₹5,000-20,000 crore. The screening process included positive price-to-earnings ratios, three-year profit growth exceeding 15%, three-year sales growth above 10%, debt-to-equity below 1, return on equity above 15%, and PEG ratios below 1.5. This initial screen yielded 68 candidates, which were further refined through additional filters including sales growth support, quarterly momentum, and return on capital employed above 18%. The final selection process prioritized companies with reasonable PEG ratios rather than unusually low numbers, ensuring sustainable growth patterns.
As reported by The Financial Express, Sky Gold & Diamonds demonstrated remarkable performance with revenue growing 77.4% YoY to ₹6,294.9 crore and net profit surging 112.4% YoY to ₹281.8 crore in FY26. The company's advanced gold business increased to 11.5% in FY26 from 5.7% in FY25, reducing working capital days to 59 days from 71 days in the previous year. The company maintains strong capital efficiency with RoCE at 27% and RoE at 29.2%, while targeting a net debt-free balance sheet by FY30 through land monetisation and operational improvements. Management expects exports to increase from the current 12% of revenue to 20% over time, with the stock trading at an EV/EBITDA of 18.8 times.
According to The Financial Express, Waaree Renewable Technologies reported impressive FY26 results with revenue increasing 108.5% YoY to ₹3,331.4 crore and profit growing 109.1% YoY to ₹478.6 crore. The company executed 2,727 MWp of projects during FY26, its highest annual execution, while maintaining an unexecuted order book of 2.83 GWp. With RoCE at 85.4% and RoE at 69.1%, the company demonstrates exceptional capital efficiency. Management highlighted opportunities in battery energy storage systems and an international pipeline of 36 GW, including 23 GW domestic and 12 GW international opportunities. The stock trades at an EV/EBITDA of 15.9 times, below the industry median of 18.5 times.
As reported by The Financial Express, P N Gadgil Jewellers achieved significant milestones with revenue increasing 40% YoY to ₹10,739 crore in FY26, crossing the ₹10,000 crore mark for the first time. The company expanded its retail footprint to 78 stores across 36 cities by adding 25 stores in FY26, with same-store sales growth of 43% for FY26 and 86% in Q4 FY26. Retail revenue grew 51% YoY to ₹8,131 crore while franchise revenue increased 83% YoY to ₹1,292 crore. Management guided for revenue of ₹13,500 crore in FY27 with EBITDA margin of 7-7.5% and PAT margin of 4%, planning expansion into Uttar Pradesh, Bihar, Madhya Pradesh, Gujarat, and Gurgaon with around 25 new stores.
