- Investing Ideas
- /
- Top Growth Stocks
Top Indian (NIFTY) Growth Stocks
UPDATED Aug 14, 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.
12 companies meet this criteria in the Indian market
Greenply Industries Limited, an interior infrastructure company, manufactures, markets, trades in, and distributes plywood and allied products in India and internationally.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: 526797's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 22.4% below our estimate of its fair value
Earnings are forecast to grow 27.46% per year
Earnings have grown 11.8% per year over the past 5 years
Risks
Has a high level of debt
Intellect Design Arena Limited provides software development and related services for banking, insurance, and other financial services in India and internationally.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: 538835's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
Future ROE
High Growth Revenue
Rewards
Price-To-Earnings ratio (24x) is below the Software industry average (33.8x)
Earnings are forecast to grow 20.15% per year
Earnings have grown 47.7% per year over the past 5 years
Risks
Significant insider selling over the past 3 months
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 43.4% below our estimate of its fair value
Earnings are forecast to grow 23.5% per year
Earnings grew by 105.2% over the past year
Risks
No risks detected for MINDACORP from our risks checks.
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 82.5% below our estimate of its fair value
Earnings are forecast to grow 39.4% per year
Risks
Debt is not well covered by operating cash flow
Gravita India Limited manufactures and recycles aluminum, lead, and lead products in India and internationally.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
Revenue vs Market
High Growth Revenue
Future ROE
High Growth Earnings: 533282's earnings are forecast to grow, but not significantly.
Rewards
Price-To-Earnings ratio (12.8x) is below the Indian market (20.8x)
Earnings are forecast to grow 18.59% per year
Earnings grew by 127.5% over the past year
Risks
Debt is not well covered by operating cash flow
Power Mech Projects Limited provides services in power and infrastructure sectors in India and internationally.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: 539302'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 (11.1x) is below the Indian market (20.8x)
Earnings are forecast to grow 30.78% per year
Earnings grew by 715.7% over the past year
Risks
No risks detected for 539302 from our risks checks.
Ujjivan Financial Services Limited provides financial services to economically active poor in India.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: 539874'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 (15.9x) is below the Indian market (20.8x)
Earnings are forecast to grow 57.19% per year
Became profitable this year
Risks
No risks detected for 539874 from our risks checks.
Ujjivan Small Finance Bank Limited provides various banking and financial services in India.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: 542904's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Rewards
Trading at 37.6% below our estimate of its fair value
Earnings are forecast to grow 26.31% per year
Became profitable this year
Risks
No risks detected for 542904 from our risks checks.