Discovering India's Hidden Stock Gems In September 2024
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Over the last 7 days, the Indian market has dropped 1.1%, driven by losses in the Financials and Energy sectors of 2.1% and 5.2%. Despite this short-term dip, the market is up 40% over the past year with earnings forecast to grow by 17% annually. In such a dynamic environment, identifying stocks with strong fundamentals and growth potential can be particularly rewarding for investors seeking undiscovered gems.
Top 10 Undiscovered Gems With Strong Fundamentals In India
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| 3B Blackbio Dx | 0.38% | -0.88% | -1.47% | ★★★★★★ |
| Kokuyo Camlin | 27.11% | 23.20% | 75.70% | ★★★★★★ |
| TCPL Packaging | 95.84% | 15.51% | 31.89% | ★★★★★☆ |
| Voith Paper Fabrics India | 0.07% | 10.95% | 9.70% | ★★★★★☆ |
| Avantel | 10.67% | 34.84% | 36.61% | ★★★★★☆ |
| Macpower CNC Machines | 0.40% | 22.04% | 31.09% | ★★★★★☆ |
| Spright Agro | 0.58% | 83.13% | 86.22% | ★★★★★☆ |
| Insolation Energy | 88.64% | 163.87% | 419.31% | ★★★★★☆ |
| Share India Securities | 24.23% | 37.59% | 48.98% | ★★★★☆☆ |
| Innovana Thinklabs | 13.59% | 12.51% | 20.01% | ★★★★☆☆ |
Below we spotlight a couple of our favorites from our exclusive screener.
D. P. Abhushan
Simply Wall St Value Rating: ★★★★☆☆
Overview: D. P. Abhushan Limited engages in the manufacturing, sale, and trading of gold, diamond, platinum, silver, and other precious metals and ornaments in India with a market cap of ?36.81 billion.
Operations: D. P. Abhushan generates revenue primarily from its Gems & Jewellery segment, amounting to ?23.74 billion. The company has a market cap of ?36.81 billion and focuses on the manufacturing, sale, and trading of precious metals and ornaments in India.
D.P. Abhushan, a notable player in India's retail jewelry sector, reported Q1 2024 sales of ?5.05 billion (up from ?4.71 billion) and net income of ?250.77 million (up from ?156.23 million). The company’s debt to equity ratio improved significantly over five years, dropping from 187% to 73%. Earnings growth at 48.5% outpaced the industry average of 23%. However, the net debt to equity ratio remains high at 61%, indicating potential financial leverage concerns despite strong earnings performance and expansion activities like the new showroom in Neemuch.
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Click to explore a detailed breakdown of our findings in D. P. Abhushan's health report.
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Assess D. P. Abhushan's past performance with our detailed historical performance reports.
Salasar Techno Engineering
Simply Wall St Value Rating: ★★★★☆☆
Overview: Salasar Techno Engineering Limited manufactures and sells galvanized and non-galvanized steel structures in India and internationally, with a market cap of ?37.32 billion.