Discovering Undiscovered Gems in India August 2024

In This Article:

Over the last 7 days, the Indian market has dropped 1.1%, but it has seen a remarkable increase of 41% over the past year, with earnings forecasted to grow by 17% annually. In this dynamic environment, identifying promising stocks that are still under the radar can offer significant opportunities for investors looking to capitalize on India's growth trajectory.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

3B Blackbio Dx

0.38%

-0.26%

-1.39%

★★★★★★

Macpower CNC Machines

NA

22.04%

31.09%

★★★★★★

ELANTAS Beck India

NA

14.89%

24.83%

★★★★★★

Pearl Global Industries

72.24%

19.89%

41.91%

★★★★★☆

Om Infra

13.99%

43.36%

27.64%

★★★★★☆

Indo Amines

82.32%

17.15%

20.00%

★★★★★☆

Lotus Chocolate

13.51%

28.07%

-10.66%

★★★★★☆

BLS E-Services

1.67%

15.04%

51.58%

★★★★★☆

Monarch Networth Capital

32.66%

30.99%

50.24%

★★★★☆☆

Share India Securities

24.23%

37.66%

48.98%

★★★★☆☆

Click here to see the full list of 445 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

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

Gallantt Ispat

Simply Wall St Value Rating: ★★★★★☆

Overview: Gallantt Ispat Limited is involved in the manufacture of iron and steel both in India and internationally, with a market capitalization of ₹86.89 billion.

Operations: Gallantt Ispat generates revenue primarily from the manufacture of iron and steel, both domestically and internationally. The company has a market capitalization of ₹86.89 billion.

Earnings at Gallantt Ispat surged by 115.2% over the past year, outpacing the Metals and Mining industry’s 18.4%. The company repurchased shares in 2024, reflecting confidence in its growth trajectory. With a debt to equity ratio rising from 8.1% to 18.8% over five years and a satisfactory net debt to equity ratio of 16.6%, financial health remains robust. Recent quarterly revenue hit ₹11,608 million (up from ₹10,375 million), with net income soaring to ₹1,219 million (previously ₹307 million).

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

Gulf Oil Lubricants India

Simply Wall St Value Rating: ★★★★★★

Overview: Gulf Oil Lubricants India Limited manufactures, markets, and trades lubricants for the automobile and industrial sectors in India, with a market cap of ₹65.41 billion.

Operations: Gulf Oil Lubricants India Limited generates its revenue primarily from the sale of lubricants, amounting to ₹33.83 billion. The company focuses on both the automobile and industrial sectors in India.