Rain Industries and Tourism Finance of India can add profound upside to your portfolio. This is because the optimistic growth outlook for their profitability and returns make their high-growth potential appealing relative to their peers. Investment in growth companies can benefit your current holdings, whether it be in established tech giants or undiscovered micro-caps. Here, I’ve put together a few companies the market is particularly optimistic towards.
Rain Industries Limited (BSE:500339)
Rain Industries Limited, together with its subsidiaries, manufactures and sells carbon and chemical products in India and internationally. Established in 1974, and run by CEO N. Jagan Reddy, the company now has 2,500 employees and with the market cap of INR ₹121.76B, it falls under the large-cap group.
500339’s projected future profit growth is a robust 32.82%, with an underlying 29.08% growth from its revenues expected over the upcoming years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 26.85%. 500339 ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Interested to learn more about 500339? Have a browse through its key fundamentals here.
Tourism Finance Corporation of India Limited (BSE:526650)
Tourism Finance Corporation of India Limited provides financial assistance to tourism-related activities/projects in India. Started in 1989, and now led by CEO Satpal Arora, the company now has 32 employees and with the company’s market capitalisation at INR ₹12.87B, we can put it in the large-cap category.
A potential addition to your portfolio? Take a look at its other fundamentals here.
Crompton Greaves Consumer Electricals Limited (BSE:539876)
Crompton Greaves Consumer Electricals Limited manufactures and markets consumer products in India. Started in 2015, and headed by CEO Mathew Job, the company now has 1,616 employees and with the company’s market cap sitting at INR ₹146.03B, it falls under the large-cap category.
539876’s projected future profit growth is a robust 22.62%, with an underlying 31.37% growth from its revenues expected over the upcoming years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 43.26%. 539876 ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Thinking of investing in 539876? Take a look at its other fundamentals here.For more financially robust companies with high growth potential to enhance your portfolio, use our free platform to explore our interactive list of these stocks.