Robust, high-growth companies such as VIP Industries are appealing to investors for many reasons. They bring about a strong upside to your portfolio, and less downside risk as opposed to financially challenged companies. 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.
VIP Industries Limited (BSE:507880)
VIP Industries Limited primarily manufactures and sells luggage bags and accessories in India and internationally. Started in 1968, and headed by CEO Dilip Piramal, the company size now stands at 2,087 people and with the stock’s market cap sitting at INR ₹48.06B, it comes under the large-cap category.
507880’s forecasted bottom line growth is an optimistic double-digit 20.37%, driven by the underlying double-digit sales growth of 30.08% over the next few years. It appears that 507880’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 high double-digit return on equity of 27.24%. 507880 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 507880? Take a look at its other fundamentals here.
CCL Products (India) Limited (BSE:519600)
CCL Products (India) Limited, together with its subsidiaries, manufactures and sells instant coffee and coffee related products primarily in India. CCL Products (India) was established in 1961 and has a market cap of INR ₹36.82B, putting it in the large-cap group.
Driven by the positive double-digit sales growth of 43.78% over the next few years, 519600 is expected to deliver an excellent earnings growth of 23.78%. It appears that 519600’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 23.56%. 519600’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. Thinking of investing in 519600? Check out its fundamental factors here.
Essel Propack Limited (BSE:500135)
Essel Propack Limited manufactures and sells plastic packaging material in the form of multilayer collapsible tubes and laminates. Started in 1982, and headed by CEO Ashok Goel, the company now has 2,858 employees and with the stock’s market cap sitting at INR ₹42.58B, it comes under the large-cap group.