The Indian market has shown remarkable resilience, with the Utilities sector gaining 3.5% while the overall market remained flat last week and up 44% over the past year. In this thriving environment, growth companies with high insider ownership can be particularly attractive as they often signal strong confidence from those who know the business best.
Top 10 Growth Companies With High Insider Ownership In India
Overview: Dixon Technologies (India) Limited provides electronic manufacturing services both in India and internationally, with a market cap of ?837.45 billion.
Operations: The company's revenue segments include Home Appliances (?12.51 billion), Lighting Products (?7.92 billion), Mobile & EMS Division (?143.16 billion), and Consumer Electronics & Appliances (?41.21 billion).
Insider Ownership: 24.6%
Dixon Technologies (India) is forecast to achieve substantial revenue growth at 24% annually, significantly outpacing the Indian market's 10.2%. Earnings are expected to grow at 31% per year, also surpassing market expectations of 17.3%. The company reported impressive financial results for Q1 2024 with revenue doubling to ?65.88 billion and net income rising to ?1.34 billion compared to the previous year, reflecting robust operational performance and growth potential.
Overview: Indoco Remedies Limited manufactures, markets, and sells formulations and active pharmaceutical ingredients in India and internationally, with a market cap of ?34.76 billion.
Operations: The company generates revenue of ?18.22 billion from its pharmaceuticals segment.
Insider Ownership: 22%
Indoco Remedies exhibits strong growth potential with earnings forecasted to grow at 43.75% annually, significantly outpacing the Indian market average of 17.3%. Despite recent regulatory challenges and a decrease in profit margins from 7.6% to 4.2%, the company received USFDA approval for Lofexidine Tablets, which could enhance revenue streams. Insider ownership remains high, indicating confidence among key stakeholders in Indoco's long-term prospects despite current financial pressures and regulatory scrutiny.
Overview: Info Edge (India) Limited operates as an online classifieds company in recruitment, matrimony, real estate, and education services both in India and internationally, with a market cap of ?1.05 trillion.
Operations: The company's revenue segments comprise ?19.05 billion from Recruitment Solutions and ?3.67 billion from 99acres for Real Estate.
Insider Ownership: 37.7%
Info Edge (India) shows strong growth potential with earnings forecasted to grow 23.61% annually, outpacing the Indian market's 17.3%. Despite a slower revenue growth rate of 13%, it remains above the market average of 10.2%. Recent insider buying indicates confidence among key stakeholders, even as the company faces regulatory scrutiny over GST input tax credits and an unstable dividend track record.
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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:DIXON NSEI:INDOCO and NSEI:NAUKRI.
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