Exploring Three Promising Small Cap Stocks In India

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Over the last 7 days, the Indian market has experienced a slight dip of 2.7%, yet it boasts an impressive 40% increase over the past year, with earnings anticipated to grow by 17% annually in the coming years. In this dynamic environment, identifying promising small-cap stocks that offer potential growth opportunities can be key for investors looking to capitalize on India's economic momentum.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Goldiam International

0.74%

10.81%

15.85%

★★★★★★

Kokuyo Camlin

27.11%

23.20%

75.70%

★★★★★★

ELANTAS Beck India

NA

14.89%

24.83%

★★★★★★

Macpower CNC Machines

0.40%

22.04%

31.09%

★★★★★☆

Ingersoll-Rand (India)

1.05%

14.88%

27.54%

★★★★★☆

Avantel

5.92%

33.97%

37.33%

★★★★★☆

JSW Holdings

NA

21.35%

22.41%

★★★★★☆

Magadh Sugar & Energy

85.44%

6.65%

13.60%

★★★★☆☆

Sanstar

50.30%

-8.41%

48.59%

★★★★☆☆

Innovana Thinklabs

13.59%

12.51%

19.96%

★★★★☆☆

Click here to see the full list of 468 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.

Gopal Snacks

Simply Wall St Value Rating: ★★★★★☆

Overview: Gopal Snacks Limited is engaged in the manufacturing and marketing of traditional Indian snacks such as namkeen, gathiya, and papad, as well as western snacks, with a market capitalization of ₹53.29 billion.

Operations: Gopal Snacks generates revenue primarily from its food products segment, amounting to ₹14.38 billion.

Gopal Snacks, a dynamic player in India's snack industry, boasts a satisfactory net debt to equity ratio of 11.1% and high-quality earnings. Despite facing a negative earnings growth of 16.8% over the past year, it maintains strong interest coverage with EBIT covering interest payments 25.6 times over. Recent strategic moves include establishing a new processing unit in Gujarat to bolster supply chain efficiency and product diversification while creating jobs locally. The company reported first-quarter sales of INR 3,494 million and net income of INR 243 million for fiscal year ending June 2024, reflecting its ongoing commitment to sustainable growth amidst industry challenges.

NSEI:GOPAL Earnings and Revenue Growth as at Oct 2024
NSEI:GOPAL Earnings and Revenue Growth as at Oct 2024

Jaiprakash Power Ventures

Simply Wall St Value Rating: ★★★★★☆

Overview: Jaiprakash Power Ventures Limited operates in the power generation and cement grinding sectors both within India and internationally, with a market capitalization of ₹156.81 billion.