Granules India and Indian Bank 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. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
Granules India Limited (BSE:532482)
Granules India Limited manufactures and sells active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediates, and finished dosages (FDs) in India and internationally. Started in 1984, and currently headed by CEO Krishna Chigurupati, the company provides employment to 2,322 people and with the company’s market cap sitting at INR ₹34.25B, it falls under the large-cap stocks category.
532482’s projected future profit growth is a robust 26.56%, with an underlying 48.39% 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 positive return on equity of 16.76%. 532482 ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Considering 532482 as a potential investment? Check out its fundamental factors here.
Indian Bank (BSE:532814)
Indian Bank provides various banking product and services in India and internationally. Founded in 1907, and currently run by Kishor Kharat, the company employs 20,924 people and with the stock’s market cap sitting at INR ₹190.92B, it comes under the large-cap stocks category.
532814’s forecasted bottom line growth is an optimistic 24.87%, driven by the underlying 98.68% sales growth over the next few years. It appears that 532814’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 10.90%. 532814’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Considering 532814 as a potential investment? Check out its fundamental factors here.
Vijaya Bank (BSE:532401)
Vijaya Bank provides various banking products and services primarily in India. Founded in 1931, and headed by CEO R. Narayanan, the company size now stands at 15,679 people and has a market cap of INR ₹76.64B, putting it in the large-cap group.
Should you add 532401 to your portfolio? Other fundamental factors you should also consider can be found 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.