Yahoo Finance Insider-Owned Growth Companies To Watch On The Indian Exchange In June 2024
Over the last week, the Indian market has remained stable, while showing a robust increase of 45% over the past year with earnings expected to grow by 16% annually. In such a thriving environment, companies with high insider ownership can be particularly intriguing as these insiders often have a vested interest in driving long-term success.
Top 10 Growth Companies With High Insider Ownership In India
Name | Insider Ownership | Earnings Growth |
Archean Chemical Industries (NSEI:ACI) | 22.9% | 28.9% |
Pitti Engineering (BSE:513519) | 33.6% | 28.0% |
Rajratan Global Wire (BSE:517522) | 19.8% | 33.5% |
Dixon Technologies (India) (NSEI:DIXON) | 24.9% | 33.5% |
Happiest Minds Technologies (NSEI:HAPPSTMNDS) | 37.8% | 22.7% |
Jupiter Wagons (NSEI:JWL) | 11.1% | 27.2% |
Paisalo Digital (BSE:532900) | 16.3% | 23.8% |
JNK India (NSEI:JNKINDIA) | 23.8% | 31.8% |
Chalet Hotels (NSEI:CHALET) | 13.1% | 27.6% |
Pricol (NSEI:PRICOLLTD) | 25.5% | 26.9% |
Let's take a closer look at a couple of our picks from the screened companies.
Astral
Simply Wall St Growth Rating: ★★★★★☆
Overview: Astral Limited operates in the manufacturing and marketing of pipes, water tanks, and adhesives and sealants both in India and internationally, with a market capitalization of approximately ₹640.80 billion.
Operations: The company generates revenue primarily from plumbing (₹41.42 billion) and paints and adhesives (₹14.99 billion).
Insider Ownership: 39.4%
Astral Limited, a growth company in India with high insider ownership, is expected to see its revenue grow by 17.4% annually, outpacing the Indian market's 9.6%. Earnings are also set to rise significantly at 23% per year, exceeding the market's 15.9%. Despite this robust growth forecast and a high predicted return on equity of 22.7%, recent insider activity has been minimal with more shares bought than sold but not in substantial volumes. Recent financial reports show a steady increase in sales and net income for both the quarter and full year ending March 2024, although earnings per share have seen some fluctuation.
Delve into the full analysis future growth report here for a deeper understanding of Astral.
Our expertly prepared valuation report Astral implies its share price may be too high.
Info Edge (India)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Info Edge (India) Limited is an online classifieds company engaged in recruitment, matrimony, real estate, and education services, with a market capitalization of approximately ₹857.75 billion.
Operations: The company generates revenue primarily through recruitment solutions (₹18.80 billion) and real estate classifieds (₹3.51 billion).
Insider Ownership: 37.9%
Info Edge (India) has shown promising growth, transitioning to profitability this year with a significant improvement in net income from a loss last year. The company's earnings are expected to grow by 24.3% annually, outperforming the Indian market's forecast of 15.9%. However, its revenue growth at 12.1% per year is moderate compared to high-growth benchmarks but still exceeds the broader Indian market rate of 9.6%. Insider transactions have not been substantial recently, reflecting a cautious stance from insiders despite the financial turnaround and optimistic earnings projections.
Click to explore a detailed breakdown of our findings in Info Edge (India)'s earnings growth report.
Titagarh Rail Systems
Simply Wall St Growth Rating: ★★★★★☆
Overview: Titagarh Rail Systems Limited is a company that specializes in manufacturing and selling freight and passenger rail systems both in India and globally, with a market capitalization of approximately ₹217.92 billion.
Operations: The company generates revenue from two primary segments: Passenger Rail Systems at ₹4.36 billion and Freight Rail Systems, which includes shipbuilding, bridges, and defense, at ₹34.18 billion.
Insider Ownership: 24.3%
Titagarh Rail Systems Limited, a key participant in India's rail sector, has demonstrated robust growth with a substantial increase in year-over-year earnings and revenue. Recent initiatives include opening a new engineering center to bolster innovation, aligning with India’s 'Make-in-India' efforts. Despite high insider ownership, there has been no significant insider buying recently. The company's share price remains volatile, yet it forecasts earnings growth significantly above the market average at 29.9% annually.
Next Steps
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
Companies discussed in this article include NSEI:ASTRALNSEI:NAUKRINSEI:TITAGARH.
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