Stock Analysis
Insider-Owned Indian Growth Stocks To Watch In May 2024
Reviewed by Simply Wall St
The Indian market has shown remarkable growth, climbing 3.8% in the past week and achieving a 46% increase over the past 12 months, with earnings projected to grow by 17% annually. In such a thriving environment, stocks with high insider ownership can be particularly intriguing as they often indicate strong confidence from those who know the company best.
Top 10 Growth Companies With High Insider Ownership In India
| Name | Insider Ownership | Earnings Growth |
| Archean Chemical Industries (NSEI:ACI) | 22.9% | 35.4% |
| Pitti Engineering (BSE:513519) | 33.6% | 28.4% |
| Happiest Minds Technologies (NSEI:HAPPSTMNDS) | 38% | 23.5% |
| Titagarh Rail Systems (NSEI:TITAGARH) | 24.3% | 28.8% |
| Dixon Technologies (India) (NSEI:DIXON) | 25% | 27.8% |
| Jupiter Wagons (NSEI:JWL) | 11.1% | 27.2% |
| Paisalo Digital (BSE:532900) | 16.3% | 27.8% |
| MTAR Technologies (NSEI:MTARTECH) | 38.4% | 41.7% |
| Steel Strips Wheels (BSE:513262) | 35.9% | 26.5% |
| Aether Industries (NSEI:AETHER) | 31.1% | 40.5% |
Here's a peek at a few of the choices from the screener.
Senco Gold (NSEI:SENCO)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Senco Gold Limited is engaged in manufacturing and trading jewelry and articles crafted from gold, silver, platinum, and various precious and semi-precious stones in India, with a market capitalization of ₹67.97 billion.
Operations: The company's revenue primarily comes from the sale of gold jewelry and other articles, generating ₹49.18 billion.
Insider Ownership: 24.1%
Senco Gold, a prominent Indian jewelry retailer, demonstrated robust growth with a 39% increase in quarterly revenue and a 28% annual rise. Despite trading at a favorable price-to-earnings ratio of ₹38.9, below the industry average of ₹52.3, concerns linger about its debt coverage by operating cash flow. Insider transactions have not been substantial in volume over recent months. Analysts forecast that Senco's earnings will grow by 26.12% annually, outpacing the broader Indian market's growth rate.
- Navigate through the intricacies of Senco Gold with our comprehensive analyst estimates report here.
- The valuation report we've compiled suggests that Senco Gold's current price could be quite moderate.
Suryoday Small Finance Bank (NSEI:SURYODAY)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Suryoday Small Finance Bank Limited is a small finance bank in India, focusing on financial inclusion by primarily serving the unserved and underserved, with a market capitalization of ₹21.10 billion.
Operations: The bank focuses on financial inclusion by primarily serving underrepresented groups in India, with a market capitalization of ₹21.10 billion. Unfortunately, specific revenue segment details are not provided in the text.
Insider Ownership: 25.5%
Suryoday Small Finance Bank, with significant insider ownership, trades at a P/E ratio well below the Indian market average. It recently reported substantial year-over-year earnings growth and expects revenue to increase by 28% annually, outpacing the broader market. However, its forecasted Return on Equity is modest and it maintains a high level of non-performing loans at 3%. The bank's share price has been highly volatile over the last three months.
- Take a closer look at Suryoday Small Finance Bank's potential here in our earnings growth report.
- In light of our recent valuation report, it seems possible that Suryoday Small Finance Bank is trading behind its estimated value.
Syrma SGS Technology (NSEI:SYRMA)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Syrma SGS Technology Limited operates as a provider of turnkey electronic manufacturing services across India, the United States, Germany, and other international markets, with a market capitalization of approximately ₹73.27 billion.
Operations: The company generates revenue by offering turnkey electronic manufacturing services across various global markets, including India, the United States, and Germany.
Insider Ownership: 28.0%
Syrma SGS Technology, a growth-oriented firm in India, shows promise with its revenue and earnings forecast to outpace the market significantly. However, it faces challenges such as lower profit margins compared to last year and a dividend that is not well covered by cash flows. Recent financial results indicate robust sales growth but a drop in net income and earnings per share year-over-year. Despite these concerns, the company's high insider ownership could suggest strong confidence from those closely connected to its operations.
- Unlock comprehensive insights into our analysis of Syrma SGS Technology stock in this growth report.
- The valuation report we've compiled suggests that Syrma SGS Technology's current price could be inflated.
Next Steps
- Unlock more gems! Our Fast Growing Indian Companies With High Insider Ownership screener has unearthed 79 more companies for you to explore.Click here to unveil our expertly curated list of 82 Fast Growing Indian Companies With High Insider Ownership.
- Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
- Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.
Curious About Other Options?
- Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
- Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
- Find companies with promising cash flow potential yet trading below their fair value.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
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About NSEI:SURYODAY
Suryoday Small Finance Bank
Operates as a small finance bank primarily serving the unserved and underserved with a focus on financial inclusion in India.
