Insider-Owned Growth Leaders On The Indian Exchange In May 2024

The Indian stock market has experienced a notable fluctuation recently, declining 2.5% over the last week but showing a robust annual growth of 40%. In this context, companies with high insider ownership can be particularly compelling, as they often signal strong confidence from those closest to the company's operations and future prospects.

Top 10 Growth Companies With High Insider Ownership In India

Name	Insider Ownership	Earnings Growth
Archean Chemical Industries (NSEI:ACI)	22.9%	29.0%
Pitti Engineering (BSE:513519)	33.6%	36.5%
Triveni Turbine (BSE:533655)	28.6%	21.1%
Rajratan Global Wire (BSE:517522)	19.8%	33.5%
Dixon Technologies (India) (NSEI:DIXON)	25%	26.7%
Jupiter Wagons (NSEI:JWL)	11.1%	25.8%
Paisalo Digital (BSE:532900)	16.3%	27.8%
MTAR Technologies (NSEI:MTARTECH)	38.4%	41.7%
Kirloskar Pneumatic (BSE:505283)	30.7%	27.7%
Pricol (NSEI:PRICOLLTD)	25.5%	26.5%

Click here to see the full list of 87 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Happiest Minds Technologies

Simply Wall St Growth Rating: ★★★★★☆

Overview: Happiest Minds Technologies Limited provides IT solutions and services across multiple regions including India, the US, Canada, the UK, Australia, the Netherlands, Singapore, Malaysia, and the Middle East with a market cap of approximately ₹124.43 billion.

Operations: The company generates revenue from IT solutions and services across various global regions.

Insider Ownership: 38%

Revenue Growth Forecast: 17.4% p.a.

Happiest Minds Technologies, a growth-oriented tech firm in India with significant insider ownership, shows a promising financial trajectory. Despite a recent dividend cut to INR 5.75 annually, the company reported robust year-over-year earnings growth with net income rising to INR 2.48 billion from INR 2.31 billion and sales increasing to INR 16.25 billion from INR 14.29 billion last fiscal year. The firm's focus on innovative AI solutions and strategic partnerships underscores its commitment to maintaining a competitive edge in the tech sector, although it faces challenges like shareholder dilution and an unstable dividend track record.

• Unlock comprehensive insights into our analysis of Happiest Minds Technologies stock in this growth report.

• Our comprehensive valuation report raises the possibility that Happiest Minds Technologies is priced higher than what may be justified by its financials.

NSEI:HAPPSTMNDS Ownership Breakdown as at May 2024

Honasa Consumer

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Honasa Consumer Limited, a digital-first beauty and personal care company based in India, has a market capitalization of approximately ₹139.10 billion.

Operations: The company's revenue primarily comes from the trading of a variety of beauty and personal care products and related services, totaling ₹18.37 billion.

Insider Ownership: 36.6%

Revenue Growth Forecast: 17.4% p.a.

Honasa Consumer, a prominent player in India's personal care market, has demonstrated substantial growth with earnings increasing by 63.9% annually over the past five years. The company is projected to outpace the Indian market with an expected revenue growth rate of 17.4% per year compared to the market's 9.7%. Despite recent regulatory challenges and a GST interest demand, Honasa continues to innovate, as seen in its strategic alliance with Dr V and new product launches like Staze cosmetics and Mamaearth Rice Facewash, enhancing its portfolio and consumer reach.

• Navigate through the intricacies of Honasa Consumer with our comprehensive analyst estimates report here.

• Our expertly prepared valuation report Honasa Consumer implies its share price may be too high.

NSEI:HONASA Earnings and Revenue Growth as at May 2024

Quess

Simply Wall St Growth Rating: ★★★★★☆

Overview: Quess Corp Limited is a business services provider operating in India, South East Asia, the Middle East, and North America, with a market capitalization of approximately ₹95.27 billion.

Operations: The company generates revenue through its business services operations across India, South East Asia, the Middle East, and North America.

Insider Ownership: 15.8%

Revenue Growth Forecast: 13.7% p.a.

Quess Corp Limited has shown robust financial performance with a significant increase in net income and earnings per share as reported in its recent annual results. The company's earnings are expected to grow substantially over the next three years, outpacing both its past performance and market averages. While Quess's revenue growth forecasts are strong, they do not reach the high growth benchmark of 20% annually. Additionally, despite a generally unstable dividend track record, a final dividend has been proposed recently, reflecting some level of confidence in financial stability moving forward.

• Dive into the specifics of Quess here with our thorough growth forecast report.

• Upon reviewing our latest valuation report, Quess' share price might be too pessimistic.

NSEI:QUESS Earnings and Revenue Growth as at May 2024

Taking Advantage

• Embark on your investment journey to our 87 Fast Growing Indian Companies With High Insider Ownership selection here.

• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.

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Curious About Other Options?

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

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• 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:HAPPSTMNDS NSEI:HONASA and NSEI:QUESS.

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