Top Indian (NIFTY) Growth Stocks

Top Indian (NIFTY) Growth Stocks

UPDATED Jun 29, 2022

What are the best Indian (NIFTY) Growth Stocks?

According to our Simply Wall St analysis these are the best Indian growth companies. We look for companies with high forecasted growth and healthy balance sheets that can deliver sustained growth over the long term.

Our criteria to find Top Growth Companies

Growth

  • Companies with sustained revenue growth that outperforms the market are attractive to investors. These companies are most likely to appreciate in share price over time.

What do we look for?

  • Is the company forecast to have high earnings growth.

Healthy Balance Sheet

  • A healthy balance sheet is essential to drive growth opportunities and sustain the business.
  • Repayments on debt take precedence over other initiatives to improve shareholder returns, so investors want to make sure the company is comfortably positioned to cover its debts.

What do we look for?

  • Does the company have a manageable level of debt.
  • Is the company able to cover its interest repayments.

21 companies meet this criteria in the Indian market

Alicon Castalloy Limited engages in the prototyping, design, manufacturing, engineering, casting, machining and assembly, painting, and surface treatment of aluminum components in India and internationally.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: 531147's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Earnings are forecast to grow 64.03% per year

  • Became profitable this year

Risks

  • Interest payments are not well covered by earnings

  • Shareholders have been diluted in the past year

  • Significant insider selling over the past 3 months

View all Risks and Rewards

Gravita India Limited manufactures and recycles aluminum, lead, and lead products in India and internationally.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: 533282's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Price-To-Earnings ratio (14x) is below the Indian market (20.5x)

  • Earnings are forecast to grow 22% per year

  • Earnings grew by 165.6% over the past year

Risks

  • Debt is not well covered by operating cash flow

  • High level of non-cash earnings

View all Risks and Rewards

NATCO Pharma Limited, a pharmaceutical company, develops, manufactures, and markets finished dosage formulations and active pharmaceutical ingredients (APIs).

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: NATCOPHARM's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 46.8% below our estimate of its fair value

  • Earnings are forecast to grow 71.14% per year

Risks

  • Profit margins (8.7%) are lower than last year (21.4%)

View all Risks and Rewards

Mayur Uniquoters Limited manufactures and sells coated textile fabrics in India and internationally.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: 522249's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • Future ROE

  • High Growth Revenue

See Full Stock Report

Rewards

  • Trading at 38.6% below our estimate of its fair value

  • Earnings are forecast to grow 34.46% per year

  • Earnings have grown 4.2% per year over the past 5 years

Risks

  • High level of non-cash earnings

View all Risks and Rewards

Minda Corporation Limited manufactures and sells automobile components and parts.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: MINDACORP's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 15.1% below our estimate of its fair value

  • Earnings are forecast to grow 21.82% per year

  • Earnings grew by 105.2% over the past year

Risks

No risks detected for MINDACORP from our risks checks.

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Aarti Drugs Limited, through its subsidiaries, engages in the pharmaceuticals business in India and internationally.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: 524348's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • Future ROE

  • High Growth Revenue

See Full Stock Report

Rewards

  • Trading at 39.9% below our estimate of its fair value

  • Earnings are forecast to grow 23.12% per year

Risks

  • Debt is not well covered by operating cash flow

  • High level of non-cash earnings

  • Significant insider selling over the past 3 months

  • Profit margins (8.2%) are lower than last year (13%)

View all Risks and Rewards

Dhampur Sugar Mills Limited, together with its subsidiaries, operates as an integrated sugarcane processing company in India.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: 500119's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 81.2% below our estimate of its fair value

  • Earnings are forecast to grow 42.24% per year

Risks

  • Debt is not well covered by operating cash flow

  • Volatile share price over the past 3 months

View all Risks and Rewards

EIH Limited engages in the ownership, development, management, and operation of hotels and cruisers in India and internationally.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: 500840 is expected to become profitable in the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 53.5% below our estimate of its fair value

  • Earnings are forecast to grow 85.6% per year

Risks

No risks detected for 500840 from our risks checks.

View all Risks and Rewards
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