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In the last week, the Indian market has stayed flat, but it is up 44% over the past year with earnings forecast to grow by 17% annually. In this thriving environment, identifying stocks with strong growth potential and solid fundamentals can be especially rewarding.
Top 10 Undiscovered Gems With Strong Fundamentals In India
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Shree Digvijay Cement | 0.01% | 13.97% | 16.37% | ★★★★★★ |
| All E Technologies | NA | 40.78% | 31.63% | ★★★★★★ |
| Bharat Rasayan | 8.15% | 0.10% | -7.93% | ★★★★★★ |
| ELANTAS Beck India | NA | 14.89% | 24.83% | ★★★★★★ |
| Om Infra | 13.99% | 43.36% | 27.66% | ★★★★★☆ |
| Network People Services Technologies | 0.24% | 81.82% | 86.35% | ★★★★★☆ |
| Nibe | 39.26% | 80.75% | 84.69% | ★★★★★☆ |
| KP Green Engineering | 13.73% | 47.44% | 61.28% | ★★★★★☆ |
| Vasa Denticity | 0.11% | 38.37% | 48.77% | ★★★★☆☆ |
| Rir Power Electronics | 54.23% | 16.42% | 34.78% | ★★★★☆☆ |
Let's dive into some prime choices out of from the screener.
Action Construction Equipment
Simply Wall St Value Rating: ★★★★★★
Overview: Action Construction Equipment Limited manufactures and sells material handling and construction equipment primarily in India, with a market cap of ₹166.42 billion.
Operations: ACE generates revenue primarily from its material handling and construction equipment segments, with additional income from agriculture equipment amounting to ₹2.05 billion.
Action Construction Equipment (ACE) has shown remarkable growth, with earnings surging 76.2% in the past year, outpacing the Machinery industry's 25.1%. The company boasts a debt-to-equity ratio that has improved from 18.5% to 0.4% over five years and holds more cash than its total debt. Recent wins include a significant order from the Ministry of Defence for specialized forklifts and cranes, reflecting strong momentum under India's Make in India initiative.
Maharashtra Scooters
Simply Wall St Value Rating: ★★★★★☆
Overview: Maharashtra Scooters Ltd. manufactures and sells pressure die casting dies, jigs, fixtures, and die casting components primarily for the two and three-wheeler industry in India, with a market cap of ₹139.39 billion.
Operations: Maharashtra Scooters Ltd. generates revenue primarily through investments (₹2.14 billion) and manufacturing activities (₹108.10 million). The company's financial performance is influenced by these two main revenue streams, with investments contributing the majority of the income.