Discover 3 Undiscovered Gems In India With Promising Potential

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The Indian market has climbed 1.6% over the last week and is up 43% over the past 12 months, with earnings forecast to grow by 17% annually. In this thriving environment, identifying stocks with strong fundamentals and growth potential can be key to capitalizing on these positive trends.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Le Travenues Technology

10.32%

26.39%

67.32%

★★★★★★

Yuken India

27.96%

12.35%

-44.41%

★★★★★★

Indo Amines

82.32%

17.15%

20.00%

★★★★★☆

Gallantt Ispat

18.85%

38.22%

31.27%

★★★★★☆

Master Trust

37.05%

27.57%

41.99%

★★★★★☆

Lotus Chocolate

13.51%

28.07%

-10.66%

★★★★★☆

Magadh Sugar & Energy

85.41%

6.90%

11.82%

★★★★☆☆

Sanstar

50.30%

37.73%

58.24%

★★★★☆☆

Sky Gold

127.01%

22.02%

48.03%

★★★★☆☆

Apollo Micro Systems

38.51%

10.59%

11.93%

★★★★☆☆

Click here to see the full list of 455 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

We're going to check out a few of the best picks from our screener tool.

BLS International Services

Simply Wall St Value Rating: ★★★★★★

Overview: BLS International Services Limited specializes in outsourcing and administrative tasks for visa, passport, and consular services to various diplomatic missions, with a market cap of ₹156.01 billion.

Operations: The company generates revenue primarily from Visa and Consular Services (₹14.71 billion) and Digital Services (₹3.34 billion).

BLS International Services has seen impressive earnings growth of 49.8% over the past year, outpacing the Professional Services industry’s 10.4%. The debt-to-equity ratio improved from 7.8 to 2.1 over five years, showing strong financial management. Recent Q1 results reported sales of INR 4,926.69 million and net income of INR 1,141.84 million compared to INR 689.13 million last year, reflecting robust performance and positive momentum in their operations and strategic initiatives like new HR leadership and expansion into Turkey with a subsidiary capitalized at TRY700 million (US$26M).

NSEI:BLS Earnings and Revenue Growth as at Aug 2024
NSEI:BLS Earnings and Revenue Growth as at Aug 2024

Newgen Software Technologies

Simply Wall St Value Rating: ★★★★★★

Overview: Newgen Software Technologies Limited is a software company that offers products and solutions across various regions including India, Europe, the Middle East, Africa, the Asia Pacific, Australia, and the United States with a market cap of ₹146.42 billion.

Operations: Newgen Software Technologies generates revenue primarily from its Software & Programming segment, amounting to ₹13.07 billion. The company operates across various regions including India, Europe, the Middle East, Africa, the Asia Pacific, Australia, and the United States.