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3 Undiscovered Gems In India With Strong Potential

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The Indian market has climbed by 2.5% over the past week, with every sector up, and over the past 12 months, it is up 45%, with earnings forecast to grow by 16% annually. In this thriving environment, identifying stocks with strong potential often involves looking beyond the well-known names to uncover lesser-known companies poised for growth.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

BLS E-Services

NA

43.93%

59.81%

★★★★★★

Bengal & Assam

4.48%

3.82%

47.41%

★★★★★☆

Indo Tech Transformers

2.30%

20.60%

62.92%

★★★★★☆

Spright Agro

0.58%

83.13%

86.22%

★★★★★☆

Avantel

10.67%

34.84%

36.61%

★★★★★☆

KP Green Engineering

13.73%

47.60%

61.28%

★★★★★☆

Kalyani Investment

NA

18.19%

3.65%

★★★★★☆

Vasa Denticity

0.11%

38.37%

48.77%

★★★★☆☆

Apollo Micro Systems

38.17%

7.94%

2.46%

★★★★☆☆

Rir Power Electronics

53.98%

13.52%

31.41%

★★★★☆☆

Click here to see the full list of 457 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Here we highlight a subset of our preferred stocks from the screener.

Jai Balaji Industries

Simply Wall St Value Rating: ★★★★★★

Overview: Jai Balaji Industries Limited manufactures and markets iron and steel products primarily in India, with a market cap of ₹159.91 billion.

Operations: The company generates revenue primarily from its iron and steel segment, amounting to ₹64.14 billion.

Jai Balaji Industries has shown impressive growth, with earnings surging by 1420.9% over the past year, far outpacing the Metals and Mining industry at 18.8%. Its interest payments are well covered by EBIT (11.3x), and a net debt to equity ratio of 25.3% is satisfactory. The company reported first-quarter sales of INR 171.83 million and net income of INR 20.88 million, reflecting strong financial health despite recent shareholder dilution through private placements.

NSEI:JAIBALAJI Debt to Equity as at Jul 2024
NSEI:JAIBALAJI Debt to Equity as at Jul 2024

Lloyds Engineering Works

Simply Wall St Value Rating: ★★★★☆☆

Overview: Lloyds Engineering Works Limited provides engineering products and services in India with a market cap of ₹105.02 billion.

Operations: Lloyds Engineering Works Limited generates revenue primarily from its engineering products and services, amounting to ₹6.24 billion.

Lloyds Engineering Works has shown impressive earnings growth of 116.8% over the past year, significantly outpacing the Machinery industry's 28.6%. Despite an increase in debt to equity ratio from 1.1% to 14.8% over five years, it remains profitable with high non-cash earnings and more cash than total debt. Recent board meetings discussed raising up to ₹12 billion through various equity methods and approved a dividend of ₹0.20 per share for the fiscal year ending March 2024.


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