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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
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
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
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
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
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%)
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
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
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
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.
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
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%)
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
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
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
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.