Over the last 7 days, the Indian market has remained flat, but over the past 12 months, it has risen by an impressive 44%, with earnings forecast to grow by 17% annually. In this thriving environment, growth companies with high insider ownership can be particularly appealing as they often signal strong confidence from those who know the business best.
Top 10 Growth Companies With High Insider Ownership In India
Overview: Prataap Snacks Limited manufactures and sells packaged snacks in India and internationally, with a market cap of ₹21.06 billion.
Operations: Prataap Snacks generates ₹16.52 billion in revenue from its snacks food segment.
Insider Ownership: 12.4%
Earnings Growth Forecast: 25.2% p.a.
Prataap Snacks shows potential as a growth company with high insider ownership in India. Despite a decline in net income to ₹94.39 million for Q1 2024, the company's revenue grew to ₹4.24 billion from ₹3.90 billion year-over-year. Recent board changes and an upcoming AGM reflect active governance, while the expected annual profit growth remains robust at over 20%. Insider activity has been mixed but leans towards substantial buying recently, indicating confidence in future performance.
Overview: Quess Corp Limited is a business services provider operating in India, South East Asia, the Middle East, and North America with a market cap of ₹126.74 billion.
Operations: Quess generates revenue from four main segments: ₹4.29 billion from Product Led Business, ₹138.44 billion from Workforce Management, ₹28.43 billion from Operating Asset Management, and ₹23.87 billion from Global Technology Solutions (excluding Product Led Business).
Insider Ownership: 15.8%
Earnings Growth Forecast: 22.8% p.a.
Quess Corp. Limited demonstrates strong growth potential with high insider ownership in India. The company reported significant earnings growth of 62.5% over the past year, with future annual profit expected to grow at 22.84%, outpacing the Indian market average. Recent strategic appointments and a focus on AI and analytics bolster its competitive edge. Despite an unstable dividend track record, Quess is trading at good value compared to peers, enhancing its appeal as a growth stock.
Overview: Varun Beverages Limited, with a market cap of ₹2.12 trillion, operates as the franchisee for PepsiCo's carbonated soft drinks and non-carbonated beverages.
Operations: Revenue from the manufacturing and sale of beverages amounts to ₹180.52 billion.
Insider Ownership: 36.3%
Earnings Growth Forecast: 22.3% p.a.
Varun Beverages shows strong growth potential with high insider ownership in India. Its revenue is forecast to grow at 15.3% annually, outpacing the Indian market average of 10.2%. Earnings are expected to rise significantly over the next three years, with a projected annual profit growth of 22.34%. Recent events include a stock split and an interim dividend announcement, reflecting robust financial health despite high debt levels and reliance on non-cash earnings.
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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.
Companies discussed in this article include NSEI:DIAMONDYD NSEI:QUESS and NSEI:VBL.
