Top Indian Growth Stocks With High Insider Ownership August 2024

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Over the last 7 days, the Indian market has remained flat, yet it boasts an impressive 45% growth over the past year. In this environment of anticipated annual earnings growth of 17%, stocks with high insider ownership can be particularly attractive as they often indicate strong confidence from those closest to the company.

Top 10 Growth Companies With High Insider Ownership In India

Name

Insider Ownership

Earnings Growth

Archean Chemical Industries (NSEI:ACI)

22.9%

36%

Kirloskar Pneumatic (BSE:505283)

30.6%

30.1%

Happiest Minds Technologies (NSEI:HAPPSTMNDS)

31.9%

20.7%

Dixon Technologies (India) (NSEI:DIXON)

24.6%

35.5%

Jupiter Wagons (NSEI:JWL)

10.8%

27.2%

Shivalik Bimetal Controls (BSE:513097)

19.5%

28.7%

Paisalo Digital (BSE:532900)

16.3%

23.8%

JNK India (NSEI:JNKINDIA)

20.9%

31.8%

Rajratan Global Wire (BSE:517522)

19.8%

35.8%

KEI Industries (BSE:517569)

19.1%

20.3%

Click here to see the full list of 89 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

Let's dive into some prime choices out of the screener.

Dixon Technologies (India)

Simply Wall St Growth Rating: ★★★★★★

Overview: Dixon Technologies (India) Limited provides electronic manufacturing services in India and has a market cap of ₹697.35 billion.

Operations: Dixon Technologies generates revenue from various segments including Home Appliances (₹12.51 billion), Lighting Products (₹7.92 billion), Mobile & EMS Division (₹143.16 billion), and Consumer Electronics & Appliances (₹41.21 billion).

Insider Ownership: 24.6%

Revenue Growth Forecast: 23.4% p.a.

Dixon Technologies (India) has demonstrated substantial growth, with Q1 2024 revenue at ₹65.88 billion, nearly doubling from the previous year. Net income also rose significantly to ₹1.34 billion. The company's earnings are forecast to grow at an impressive 35.5% annually over the next three years, outpacing both its revenue growth of 23.4% and the broader Indian market's average growth rates. High insider ownership aligns management interests with shareholders, bolstering investor confidence in its long-term prospects.

NSEI:DIXON Earnings and Revenue Growth as at Aug 2024
NSEI:DIXON Earnings and Revenue Growth as at Aug 2024

Heritage Foods

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Heritage Foods Limited procures and processes milk and milk products in India, with a market cap of ₹52.80 billion.

Operations: Heritage Foods Limited's revenue segments include Dairy at ₹38.40 billion, Feed at ₹1.70 billion, and Renewable Energy at ₹90.04 million.