Uncovering Hidden Gems In India This September 2024

In This Article:

The Indian market has been experiencing a unique rally, driven primarily by large-cap stocks, while mid-and small-cap stocks have shown a negative bias. Despite this trend, the influx of foreign institutional investor (FII) liquidity is providing some momentum to domestic markets. In such an environment, identifying good stocks involves looking for companies with strong fundamentals and growth potential that can thrive even when broader market conditions are challenging.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

3B Blackbio Dx

0.38%

-0.88%

-1.47%

★★★★★★

Aeroflex Industries

0.04%

14.69%

33.38%

★★★★★★

AGI Infra

61.29%

29.16%

33.44%

★★★★★★

Knowledge Marine & Engineering Works

35.48%

42.61%

42.95%

★★★★★★

Voith Paper Fabrics India

0.07%

10.95%

9.70%

★★★★★☆

Gallantt Ispat

18.85%

37.56%

37.26%

★★★★★☆

Indo Tech Transformers

2.30%

22.05%

60.31%

★★★★★☆

Ingersoll-Rand (India)

1.05%

14.88%

27.54%

★★★★★☆

Macpower CNC Machines

0.40%

22.04%

31.09%

★★★★★☆

Share India Securities

24.23%

37.59%

48.98%

★★★★☆☆

Click here to see the full list of 475 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Let's review some notable picks from our screened stocks.

Arkade Developers

Simply Wall St Value Rating: ★★★★★☆

Overview: Arkade Developers Limited operates as a real estate development company in India with a market cap of ₹28.89 billion.

Operations: Arkade Developers generates revenue primarily from real estate development, amounting to ₹6.35 billion.

Earnings for Arkade Developers surged by 141.9% over the past year, outpacing the Real Estate industry's 24.1%. Their net debt to equity ratio stands at a satisfactory 14.2%, with EBIT covering interest payments 12.2 times over. Recently, Arkade completed an IPO raising INR 4.1 billion and reported annual sales of INR 6,347 million compared to INR 2,202 million last year, with net income climbing to INR 1,228 million from INR 508 million previously.

NSEI:ARKADE Debt to Equity as at Sep 2024
NSEI:ARKADE Debt to Equity as at Sep 2024

Godawari Power & Ispat

Simply Wall St Value Rating: ★★★★★★

Overview: Godawari Power & Ispat Limited, along with its subsidiaries, is involved in iron ore mining in India and has a market cap of ₹136.48 billion.

Operations: GPIL's primary revenue streams are derived from iron ore mining activities in India. The company's cost structure includes expenses related to mining operations and associated logistics. Notably, GPIL's net profit margin has shown variability over recent periods, reflecting fluctuations in operational efficiency and market conditions.