Undiscovered Gems in India to Watch This August 2024
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The Indian market has shown impressive momentum, rising 1.7% over the last week and 46% over the past year, with earnings expected to grow by 17% annually. In this robust environment, identifying stocks with strong fundamentals and growth potential can be particularly rewarding.
Top 10 Undiscovered Gems With Strong Fundamentals In India
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Shree Digvijay Cement | 0.01% | 13.97% | 16.37% | ★★★★★★ |
| Aeroflex Industries | 0.04% | 14.69% | 33.38% | ★★★★★★ |
| AGI Infra | 61.29% | 29.12% | 33.44% | ★★★★★★ |
| Gallantt Ispat | 18.85% | 37.56% | 37.26% | ★★★★★☆ |
| Voith Paper Fabrics India | 0.07% | 10.95% | 9.70% | ★★★★★☆ |
| Network People Services Technologies | 0.24% | 81.82% | 86.36% | ★★★★★☆ |
| Monarch Networth Capital | 32.66% | 30.99% | 50.24% | ★★★★☆☆ |
| SG Mart | 16.77% | 98.09% | 96.54% | ★★★★☆☆ |
| Vasa Denticity | 0.11% | 38.37% | 48.77% | ★★★★☆☆ |
| Abans Holdings | 91.77% | 13.13% | 18.72% | ★★★★☆☆ |
We're going to check out a few of the best picks from our screener tool.
IIFL Securities
Simply Wall St Value Rating: ★★★★☆☆
Overview: IIFL Securities Limited offers capital market services in the primary and secondary markets in India, with a market cap of ₹83.23 billion.
Operations: IIFL Securities generates revenue primarily from capital market activities (₹20.25 billion), facilities and ancillary services (₹375.25 million), and insurance broking and ancillary services (₹2.77 billion).
IIFL Securities, a small-cap financial entity, has shown impressive earnings growth of 120.4% over the past year, outpacing the Capital Markets industry’s 63.6%. Its price-to-earnings ratio stands at 13.4x, significantly lower than the Indian market average of 33.9x. The company’s net debt to equity ratio has improved from 117.6% to 67.2% over five years and currently sits at a satisfactory level of 35.5%. However, recent regulatory issues have resulted in a penalty of INR 300K for incorrect client state mapping in their UCC database.
LT Foods
Simply Wall St Value Rating: ★★★★★★
Overview: LT Foods Limited engages in the milling, processing, and marketing of branded and non-branded basmati rice and rice food products in India, with a market cap of ₹128.90 billion.
Operations: The primary revenue stream for LT Foods Limited is the manufacture and storage of rice, generating ₹81.21 billion. The company's financial data reveals a focus on this segment as its core business driver.