Uncovering Undiscovered Gems in India for September 2024
In This Article:
In the last week, the Indian market has stayed flat, yet it is up 44% over the past year with earnings expected to grow by 17% per annum in the next few years. In this dynamic environment, identifying stocks with strong growth potential and solid fundamentals can be particularly rewarding.
Top 10 Undiscovered Gems With Strong Fundamentals In India
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Shree Digvijay Cement | 0.01% | 13.97% | 16.37% | ★★★★★★ |
| All E Technologies | NA | 40.78% | 31.63% | ★★★★★★ |
| Aeroflex Industries | 0.04% | 14.69% | 33.38% | ★★★★★★ |
| AGI Infra | 61.29% | 29.16% | 33.44% | ★★★★★★ |
| Pearl Global Industries | 72.24% | 19.89% | 41.91% | ★★★★★☆ |
| Om Infra | 13.99% | 43.36% | 27.66% | ★★★★★☆ |
| Network People Services Technologies | 0.24% | 81.82% | 86.35% | ★★★★★☆ |
| Piccadily Agro Industries | 50.57% | 13.86% | 42.85% | ★★★★★☆ |
| Abans Holdings | 91.77% | 13.13% | 18.72% | ★★★★☆☆ |
| Rir Power Electronics | 54.23% | 16.42% | 34.78% | ★★★★☆☆ |
Here's a peek at a few of the choices from the screener.
Jai
Simply Wall St Value Rating: ★★★★★★
Overview: Jai Corp Limited primarily engages in the plastic processing business in India and internationally, with a market cap of ?71.54 billion.
Operations: Jai Corp Limited generates revenue primarily from its plastic processing segment, which brought in ?4.65 billion, followed by smaller contributions from real estate at ?35.68 million and steel at ?3.21 million.
Jai Corp Limited has made significant strides, becoming profitable this year with high-quality earnings. The company is debt-free, a notable improvement from five years ago when its debt to equity ratio was 0.03%. Recent performance includes net income of INR 137.3 million for Q1 2024, up from INR 55.3 million the previous year. Jai Corp announced a share repurchase program to buy back up to 2,944,415 shares for INR 1,177.77 million by September 20, aimed at enhancing shareholder value and return on equity.
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Delve into the full analysis health report here for a deeper understanding of Jai.
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Review our historical performance report to gain insights into Jai's's past performance.
Maharashtra Scooters
Simply Wall St Value Rating: ★★★★★☆
Overview: Maharashtra Scooters Ltd. manufactures and sells pressure die casting dies, jigs, fixtures, and die casting components primarily for the two and three-wheeler industry in India with a market cap of ?139.28 billion.
Operations: Maharashtra Scooters Ltd. generates revenue primarily from investments (?2.14 billion) and manufacturing activities (?108.10 million).
Maharashtra Scooters, a debt-free entity for the past five years, has demonstrated robust financial health. Earnings have grown at 19.3% annually over the last half-decade, with recent earnings growth at 6.6%, though not matching the Capital Markets industry's 63.2%. The company reported Q1 revenue of INR 85.7 million and net income of INR 82.6 million, significantly up from INR 52.6 million and INR 4.8 million respectively a year ago. An interim dividend of INR 110 per share was approved recently, reflecting strong shareholder returns.