Insider-Owned Growth Companies On The Indian Exchange May 2024

The Indian market has shown robust growth, climbing 3.0% in the past week and achieving a remarkable 45% increase over the last twelve months, with earnings expected to grow by 17% annually. In such a thriving environment, stocks with high insider ownership often signal strong confidence from those who know the company best, potentially making them compelling considerations for investors.

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%	28.4%
Dixon Technologies (India) (NSEI:DIXON)	25%	27.9%
Happiest Minds Technologies (NSEI:HAPPSTMNDS)	38%	22.9%
Jupiter Wagons (NSEI:JWL)	11.1%	27.2%
Paisalo Digital (BSE:532900)	16.3%	27.8%
MTAR Technologies (NSEI:MTARTECH)	38.4%	46.2%
Steel Strips Wheels (BSE:513262)	35.9%	26.5%
Kirloskar Pneumatic (BSE:505283)	30.6%	27.7%
Pricol (NSEI:PRICOLLTD)	25.5%	26.9%

Click here to see the full list of 81 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

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

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 ₹555.49 billion.

Operations: The company's revenue is primarily generated from its Mobile & EMS Division (₹109.19 billion), followed by Consumer Electronics & Appliances (₹41.48 billion), Home Appliances (₹12.05 billion), Lighting Products (₹7.87 billion), and Security Systems (₹6.33 billion).

Insider Ownership: 25%

Revenue Growth Forecast: 22.2% p.a.

Dixon Technologies (India) Limited has demonstrated significant growth with a 27.91% annual earnings forecast, outpacing the Indian market's 16.6%. Additionally, revenue is expected to grow by 22.2% annually, also above the market average of 9.6%. Recent strategic moves include a Memorandum of Understanding with Acerpure India for manufacturing consumer appliances, enhancing its production capabilities and potentially boosting future revenues. Despite these positives, there is no recent data on substantial insider buying or selling within the last three months.

• Click to explore a detailed breakdown of our findings in Dixon Technologies (India)'s earnings growth report.

• The analysis detailed in our Dixon Technologies (India) valuation report hints at an inflated share price compared to its estimated value.

NSEI:DIXON Earnings and Revenue Growth as at May 2024

Info Edge (India)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Info Edge (India) Limited, with a market cap of approximately ₹825.63 billion, operates as an online classifieds company focusing on recruitment, matrimony, real estate, and education services both in India and internationally.

Operations: The company generates revenue primarily through Recruitment Solutions, which brought in ₹18.80 billion, and its real estate segment, 99acres, which contributed ₹3.51 billion.

Insider Ownership: 37.9%

Revenue Growth Forecast: 12.9% p.a.

Info Edge (India) Limited has shown robust financial recovery, transitioning from a net loss to reporting a net income of INR 603.89 million in Q4 2024, with annual earnings growth forecasted at 27.81%. Despite this positive trajectory and revenue growth outpacing the Indian market, insider transactions have been minimal recently, and the company's Return on Equity is expected to remain low at 6.8%. The firm also faces regulatory challenges with a recent GST-related penalty but continues active participation in major corporate events globally.

• Get an in-depth perspective on Info Edge (India)'s performance by reading our analyst estimates report here.

• Our comprehensive valuation report raises the possibility that Info Edge (India) is priced higher than what may be justified by its financials.

NSEI:NAUKRI Earnings and Revenue Growth as at May 2024

Varun Beverages

Simply Wall St Growth Rating: ★★★★★☆

Overview: Varun Beverages Limited operates as a franchisee of PepsiCo, producing and distributing carbonated soft drinks and non-carbonated beverages, with a market capitalization of approximately ₹1.97 trillion.

Operations: The company generates revenue primarily through the manufacturing and sale of beverages, amounting to ₹164.67 billion.

Insider Ownership: 36.4%

Revenue Growth Forecast: 16.3% p.a.

Varun Beverages Limited, amidst robust growth, reported a 29.4% increase in earnings last year with forecasts suggesting a 23.05% annual growth moving forward. Revenue is also expected to outpace the Indian market's average, growing at 16.3% annually compared to the market's 9.6%. Despite high debt levels, the company is expanding strategically, evidenced by its recent establishment of a subsidiary in Zimbabwe and consistent financial performance with Q1 revenue reaching INR 44.06 billion and net income at INR 5.37 billion.

• Navigate through the intricacies of Varun Beverages with our comprehensive analyst estimates report here.

• According our valuation report, there's an indication that Varun Beverages' share price might be on the expensive side.

NSEI:VBL Ownership Breakdown as at May 2024

Turning Ideas Into Actions

• Take a closer look at our Fast Growing Indian Companies With High Insider Ownership list of 81 companies by clicking here.

• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.

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Interested In Other Possibilities?

• 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:DIXON NSEI:NAUKRI and NSEI:VBL.

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