Insider-Owned Growth Companies On The Indian Exchange In June 2024

The Indian stock market has experienced a sharp decline of 41% in the past week, yet it still shows a robust increase of 41% over the past year with earnings expected to grow by 16% annually. In such a volatile environment, stocks with high insider ownership can be particularly compelling as they often indicate that company leaders have significant confidence in their business's future growth and stability.

Top 10 Growth Companies With High Insider Ownership In India

Name	Insider Ownership	Earnings Growth
Archean Chemical Industries (NSEI:ACI)	22.9%	28.1%
Pitti Engineering (BSE:513519)	33.6%	28.0%
Rajratan Global Wire (BSE:517522)	19.8%	33.5%
Dixon Technologies (India) (NSEI:DIXON)	24.9%	28.6%
Happiest Minds Technologies (NSEI:HAPPSTMNDS)	38%	22.9%
Jupiter Wagons (NSEI:JWL)	11.1%	27.2%
Paisalo Digital (BSE:532900)	16.3%	23.8%
Kirloskar Pneumatic (BSE:505283)	30.6%	27.7%
Aether Industries (NSEI:AETHER)	31.1%	32%
Apollo Hospitals Enterprise (NSEI:APOLLOHOSP)	10.4%	35.7%

Click here to see the full list of 79 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

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

Dixon Technologies (India)

Simply Wall St Growth Rating: ★★★★★★

Overview: Dixon Technologies (India) Limited specializes in providing electronic manufacturing services across India, with a market capitalization of approximately ₹59.15 billion.

Operations: The company's revenue is generated from five key segments: Home Appliances (₹12.05 billion), Security Systems (₹6.33 billion), Lighting Products (₹7.87 billion), Mobile & EMS Division (₹109.19 billion), and Consumer Electronics & Appliances (ₗ41.48 billion).

Insider Ownership: 24.9%

Dixon Technologies, a key player in India's electronics manufacturing sector, has demonstrated robust financial performance with a significant annual earnings growth of 43.9% last year and is expected to maintain a high growth trajectory. The company recently announced an MOU with Acerpure India for the manufacture of consumer appliances, expanding its product range and potentially boosting future revenues. Dixon's strategic initiatives and strong revenue forecasts align with its high insider ownership, underscoring confidence in sustained growth despite no recent insider trading activity.

• Click here to discover the nuances of Dixon Technologies (India) with our detailed analytical future growth report.

• The valuation report we've compiled suggests that Dixon Technologies (India)'s current price could be inflated.

NSEI:DIXON Earnings and Revenue Growth as at Jun 2024

Jupiter Wagons

Simply Wall St Growth Rating: ★★★★★★

Overview: Jupiter Wagons Limited is engaged in manufacturing and selling mobility solutions both domestically and internationally, with a market capitalization of approximately ₹266.84 billion.

Operations: The company generates revenue primarily from the auto manufacturers segment, totaling approximately ₹36.44 billion.

Insider Ownership: 11.1%

Jupiter Wagons Limited, a prominent Indian railcar manufacturer, has shown substantial growth with earnings increasing by 174.5% last year and forecasted to grow at 27.21% annually. Despite a volatile share price and shareholder dilution over the past year, the company's revenue growth outpaces the market at 21.6% annually. Recent strategic moves include a significant INR 9.57 billion contract from the Ministry of Railways and a private placement to raise INR 1.35 billion, enhancing its financial flexibility and market position.

• Take a closer look at Jupiter Wagons' potential here in our earnings growth report.

• Insights from our recent valuation report point to the potential overvaluation of Jupiter Wagons shares in the market.

NSEI:JWL Earnings and Revenue Growth as at Jun 2024

Titagarh Rail Systems

Simply Wall St Growth Rating: ★★★★★☆

Overview: Titagarh Rail Systems Limited, operating both domestically and internationally, specializes in the manufacturing and sale of freight and passenger rail systems with a market capitalization of approximately ₹201.00 billion.

Operations: The company generates revenue from two primary segments: Passenger Rail Systems at ₹4.36 billion and Freight Rail Systems (including shipbuilding, bridges, and defense) at ₹34.18 billion.

Insider Ownership: 24.3%

Titagarh Rail Systems, an Indian rail manufacturer, reported a robust earnings growth of 107.3% last year with expectations of continued expansion at 28.83% annually over the next three years. Revenue also surged by 38.2%, outpacing the market significantly. Despite some shareholder dilution, insider transactions have not been substantial recently. The company's recent elevation of leadership and strategic contracts like the INR 19 billion railway wagon supply deal underscore its aggressive growth trajectory and operational enhancements.

• Delve into the full analysis future growth report here for a deeper understanding of Titagarh Rail Systems.

• The analysis detailed in our Titagarh Rail Systems valuation report hints at an inflated share price compared to its estimated value.

NSEI:TITAGARH Ownership Breakdown as at Jun 2024

Seize The Opportunity

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Contemplating Other Strategies?

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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:DIXON NSEI:JWL and NSEI:TITAGARH.

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