Insider Favorites: 3 Indian Growth Stocks With High Ownership In May 2024

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Over the past year, the Indian market has seen a robust increase of 42%, though it has remained flat over the last 7 days. In this context, stocks with high insider ownership can be particularly compelling, as they often indicate strong confidence from those who know the company best.

Top 10 Growth Companies With High Insider Ownership In India

Name

Insider Ownership

Earnings Growth

Pitti Engineering (BSE:513519)

33.6%

36.5%

Archean Chemical Industries (NSEI:ACI)

22.9%

36.5%

Triveni Turbine (BSE:533655)

28.6%

21.1%

Rajratan Global Wire (BSE:517522)

19.8%

33.5%

Dixon Technologies (India) (NSEI:DIXON)

25%

27%

Jupiter Wagons (NSEI:JWL)

11.1%

25.8%

Paisalo Digital (BSE:532900)

16.3%

27.8%

MTAR Technologies (NSEI:MTARTECH)

38.4%

41.7%

Steel Strips Wheels (BSE:513262)

35.9%

26.5%

Kirloskar Pneumatic (BSE:505283)

30.7%

27.7%

Click here to see the full list of 88 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

Let's review some notable picks from our screened stocks.

Aether Industries

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aether Industries Limited, specializing in the production and sale of advanced intermediates and specialty chemicals both in India and globally, has a market capitalization of approximately ?110.24 billion.

Operations: The company's revenue is primarily generated from Large Scale Manufacturing at ?4.15 billion, followed by Contract Manufacturing with ?1.52 billion, and Contract Research and Manufacturing Services (CRAMS) contributing ?0.90 billion.

Insider Ownership: 31.1%

Revenue Growth Forecast: 36.6% p.a.

Aether Industries, a specialty chemicals manufacturer in India, has shown robust growth with its earnings increasing by 24.5% annually over the past five years. Analysts predict revenue and earnings to continue growing significantly above market averages at 36.6% and 40.5% per year respectively. Despite some shareholder dilution last year, Aether's strategic collaboration with Novoloop on a pioneering pilot plant demonstrates operational strength and potential for future scale-ups, enhancing its growth profile amidst high insider ownership concerns.

NSEI:AETHER Earnings and Revenue Growth as at May 2024
NSEI:AETHER Earnings and Revenue Growth as at May 2024

MTAR Technologies

Simply Wall St Growth Rating: ★★★★★★

Overview: MTAR Technologies Limited is a precision engineering solutions company that develops, manufactures, and sells mission-critical precision assemblies and components both in India and internationally, with a market capitalization of approximately ?57.13 billion.