Exploring Greenpanel Industries And Two More High Insider Ownership Growth Stocks On The Indian Exchange

The Indian market has shown robust performance, rising by 3.3% over the past week and achieving a remarkable 45% increase over the last year, with earnings expected to grow by 17% annually. In this thriving environment, stocks like Greenpanel Industries that feature high insider ownership may offer valuable growth opportunities, as such ownership can signal strong confidence in the company’s future from those who know it best.

Top 10 Growth Companies With High Insider Ownership In India

Name	Insider Ownership	Earnings Growth
Archean Chemical Industries (NSEI:ACI)	22.9%	35.4%
Pitti Engineering (BSE:513519)	33.6%	28.4%
Happiest Minds Technologies (NSEI:HAPPSTMNDS)	38%	23.5%
Titagarh Rail Systems (NSEI:TITAGARH)	24.3%	28.8%
Dixon Technologies (India) (NSEI:DIXON)	25%	27.8%
Jupiter Wagons (NSEI:JWL)	11.1%	27.2%
Paisalo Digital (BSE:532900)	16.3%	27.8%
MTAR Technologies (NSEI:MTARTECH)	38.4%	41.7%
Pricol (NSEI:PRICOLLTD)	25.5%	26.9%
Apollo Hospitals Enterprise (NSEI:APOLLOHOSP)	10.4%	35.5%

Click here to see the full list of 82 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

We're going to check out a few of the best picks from our screener tool.

Greenpanel Industries

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Greenpanel Industries Limited specializes in the manufacture and sale of plywood, medium density fibreboard (MDF), and related products, operating both in India and internationally, with a market capitalization of ₹36.86 billion.

Operations: The company generates revenue primarily through two segments: plywood and allied products, contributing ₹1.62 billion, and medium density fibre boards (MDF) and related products, which bring in ₹14.05 billion.

Insider Ownership: 13.6%

Earnings Growth Forecast: 21.4% p.a.

Greenpanel Industries, a company with high insider ownership, shows promising growth prospects in India despite recent financial setbacks. Its earnings are expected to grow by 21.44% annually, outpacing the Indian market's forecast of 16.8%. However, its recent quarterly report indicated a decline in sales and net income compared to the previous year, reflecting challenges in maintaining profitability. With a Price-To-Earnings ratio of 25.8x below the market average and anticipated revenue growth of 13.7% per year, Greenpanel is positioned for recovery though it faces hurdles like reduced profit margins and an undercovered dividend.

• Click to explore a detailed breakdown of our findings in Greenpanel Industries' earnings growth report.

• Our valuation report here indicates Greenpanel Industries may be overvalued.

NSEI:GREENPANEL Earnings and Revenue Growth as at May 2024

HealthCare Global Enterprises

Simply Wall St Growth Rating: ★★★★☆☆

Overview: HealthCare Global Enterprises Limited operates in the healthcare sector, primarily focusing on cancer and fertility services, with a market capitalization of ₹50.18 billion.

Operations: The company generates ₹18.59 billion from setting up and managing hospitals and medical diagnostic services.

Insider Ownership: 13.7%

Earnings Growth Forecast: 62.5% p.a.

HealthCare Global Enterprises, characterized by high insider ownership, is positioned for robust growth with earnings expected to surge by 62.5% annually, significantly outperforming the Indian market projection of 16.8%. However, its financial health raises concerns as interest payments are poorly covered by earnings. Amidst M&A buzz with potential bids from major investors like Temasek and TPG for a controlling stake, the company's revenue is also set to grow at 12.1% annually, surpassing the market average of 9.6%.

• Delve into the full analysis future growth report here for a deeper understanding of HealthCare Global Enterprises.

• Our comprehensive valuation report raises the possibility that HealthCare Global Enterprises is priced higher than what may be justified by its financials.

NSEI:HCG Earnings and Revenue Growth as at May 2024

Spandana Sphoorty Financial

Simply Wall St Growth Rating: ★★★★★☆

Overview: Spandana Sphoorty Financial Limited operates in the microfinance sector in India, with a market capitalization of approximately ₹57.79 billion.

Operations: The company generates revenue primarily through its financing segment, totaling approximately ₹13.25 billion.

Insider Ownership: 11.6%

Earnings Growth Forecast: 22.4% p.a.

Spandana Sphoorty Financial, with high insider ownership, has shown impressive growth with a recent revenue increase to INR 25.34 billion and net income rising to INR 5.01 billion annually. Despite challenges in debt coverage by operating cash flow, the company benefits from substantial earnings growth forecasts of 22.4% annually and revenue growth predictions outpacing the broader Indian market. Additionally, a recent private placement of INR 2.4 billion bolsters its financial position for future endeavors.

• Get an in-depth perspective on Spandana Sphoorty Financial's performance by reading our analyst estimates report here.

• Our comprehensive valuation report raises the possibility that Spandana Sphoorty Financial is priced lower than what may be justified by its financials.

NSEI:SPANDANA Ownership Breakdown as at May 2024

Taking Advantage

• Explore the 82 names from our Fast Growing Indian Companies With High Insider Ownership screener here.

• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.

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Looking For Alternative Opportunities?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.

• Find companies with promising cash flow potential yet trading below their fair value.

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:GREENPANEL NSEI:HCG and NSEI:SPANDANA.

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