Stocks that are expected to significantly grow their profitability in the future can add meaningful upside to your portfolio. Dilip Buildcon and Bajaj Electricals are examples of many high-growth stocks that the market believe will be upcoming outperformers. If a buoyant growth prospect is what you’re after in your next investment, I’ve put together a list of high-growth stocks you may be interested in, based on the latest financial data from each company.
Dilip Buildcon Limited (BSE:540047)
Dilip Buildcon Limited, together its subsidiaries, engages in the development of infrastructure facilities on engineering, procurement, and construction (EPC) basis in India. Founded in 1988, and now led by CEO Devendra Jain, the company size now stands at 25,290 people and with the company’s market capitalisation at INR ₹158.93B, we can put it in the large-cap category.
540047’s projected future profit growth is a robust 21.43%, with an underlying 74.27% growth from its revenues expected over the upcoming years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 24.39%. 540047 ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Want to know more about 540047? Have a browse through its key fundamentals here.
Bajaj Electricals Limited (BSE:500031)
Bajaj Electricals Limited engages in the consumer durables; and engineering, procurement, and construction businesses in India. Bajaj Electricals was started in 1938 and has a market cap of INR ₹65.14B, putting it in the large-cap category.
500031’s projected future profit growth is a robust 27.20%, with an underlying 20.83% growth from its revenues expected over the upcoming years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 20.51%. 500031’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Should you add 500031 to your portfolio? Other fundamental factors you should also consider can be found here.