Top Growth Companies With High Insider Ownership On The Indian Exchange

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In the last week, the Indian market has been flat, but it is up 44% over the past year with earnings forecast to grow by 17% annually. In this thriving environment, growth companies with high insider ownership can be particularly attractive as they often indicate strong confidence from those closest to the business.

Top 10 Growth Companies With High Insider Ownership In India

Name

Insider Ownership

Earnings Growth

Archean Chemical Industries (NSEI:ACI)

22.9%

34.2%

Kirloskar Pneumatic (BSE:505283)

30.3%

30.1%

Jupiter Wagons (NSEI:JWL)

10.8%

27.4%

Dixon Technologies (India) (NSEI:DIXON)

24.6%

31.6%

Happiest Minds Technologies (NSEI:HAPPSTMNDS)

32.5%

22.2%

Paisalo Digital (BSE:532900)

16.3%

24.8%

Rajratan Global Wire (BSE:517522)

19.8%

35.8%

Pricol (NSEI:PRICOLLTD)

25.5%

24%

KEI Industries (BSE:517569)

18.7%

22.4%

Aether Industries (NSEI:AETHER)

31.1%

45.9%

Click here to see the full list of 93 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

Heritage Foods

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Heritage Foods Limited, with a market cap of ?59.69 billion, procures and processes milk and milk products in India.

Operations: Heritage Foods Limited generates revenue primarily from its Dairy segment with ?38.40 billion, followed by the Feed segment at ?1.70 billion, and Renewable Energy contributing ?90.04 million.

Insider Ownership: 37%

Revenue Growth Forecast: 11.3% p.a.

Heritage Foods has demonstrated significant profit growth, with earnings increasing by 119.8% over the past year. The company’s revenue and earnings are forecast to grow at 11.3% and 17.57% per year respectively, outpacing the Indian market averages. Recent strategic moves include a new ice cream manufacturing facility in Telangana with an investment of INR 2,040 million, reflecting strong insider confidence and commitment to expansion despite an unstable dividend track record.

NSEI:HERITGFOOD Ownership Breakdown as at Oct 2024
NSEI:HERITGFOOD Ownership Breakdown as at Oct 2024

Jupiter Wagons

Simply Wall St Growth Rating: ★★★★★★

Overview: Jupiter Wagons Limited manufactures and sells railway wagons, wagon components, and railway transportation equipment in India and internationally, with a market cap of ?218.34 billion.

Operations: The company's revenue segments include ?37.70 billion from auto manufacturers.

Insider Ownership: 10.8%

Revenue Growth Forecast: 23.2% p.a.

Jupiter Wagons has shown robust earnings growth of 111.2% over the past year, with revenue and earnings forecast to grow at 23.2% and 27.4% per year respectively, outpacing the Indian market averages. Despite recent shareholder dilution from an INR 8 billion equity offering, insider ownership remains high. The company declared both interim and final dividends recently but these are not well covered by free cash flows, indicating potential sustainability concerns.