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Want to add more growth to your portfolio but not sure where to look? Companies such as ICICI Lombard General Insurance and APL Apollo Tubes are deemed high-growth by the market, with a positive outlook in all areas – returns, profitability and cash flows. I would suggest taking a look at my list of companies that compare favourably in all criteria, and consider whether they would add value to your current portfolio.
ICICI Lombard General Insurance Company Limited (BSE:540716)
ICICI Lombard General Insurance Company Limited provides various general insurance products and services in India. Formed in 2000, and currently headed by CEO Bhargav Dasgupta, the company currently employs 6,460 people and has a market cap of INR ₹330.20B, putting it in the large-cap stocks category.
Extreme optimism for 540716, as market analysts projected an outstanding earnings growth rate of 20.64% for the stock, supported by a double-digit sales growth of 24.11%. It appears that 540716’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 23.45%. 540716’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Should you add 540716 to your portfolio? Have a browse through its key fundamentals here.
APL Apollo Tubes Limited (BSE:533758)
APL Apollo Tubes Limited manufactures and sells electric resistance welded steel tubes and pipes in India. APL Apollo Tubes was founded in 1986 and with the market cap of INR ₹49.54B, it falls under the large-cap stocks category.
533758’s projected future profit growth is a robust 32.13%, with an underlying 33.99% 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. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 25.00%. 533758’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Should you add 533758 to your portfolio? Check out its fundamental factors here.
I G Petrochemicals Limited (BSE:500199)
I G Petrochemicals Limited manufactures and sells organic chemicals in India and internationally. Established in 1988, and run by CEO Nikunj Dhanuka, the company size now stands at 275 people and with the company’s market capitalisation at INR ₹19.71B, we can put it in the large-cap group.