The Indian stock market has shown robust growth recently, with a 1.4% increase in the last week and an impressive 45% rise over the past year. In light of these conditions, stocks with high insider ownership can be particularly compelling as they often indicate confidence from those who know the company best.
Top 10 Growth Companies With High Insider Ownership In India
Overview: Dixon Technologies (India) Limited, an electronic manufacturing services provider in India, has a market capitalization of approximately ₹59.15 billion.
Operations: The company's revenue is generated from several segments, including home appliances (₹12.05 billion), security systems (₹6.33 billion), lighting products (₹7.87 billion), mobile and EMS division (₹109.19 billion), and consumer electronics & appliances (₹41.48 billion).
Insider Ownership: 24.9%
Dixon Technologies, a prominent player in India's electronics manufacturing sector, demonstrates robust growth with significant insider ownership. Recently, the company reported a substantial year-over-year increase in quarterly and annual revenues and profits, highlighting strong operational performance. Additionally, Dixon has entered into an MOU with Acerpure for manufacturing consumer appliances, potentially expanding its product offerings and market reach. This strategic move aligns with its impressive forecasted revenue and earnings growth rates that notably exceed market averages.
Overview: Jupiter Wagons Limited is a company based in India that manufactures and sells mobility solutions both domestically and internationally, with a market cap of approximately ₹266.84 billion.
Operations: The revenue from auto manufacturers for the mobility solutions provider totals ₹36.44 billion.
Insider Ownership: 11.1%
Jupiter Wagons Limited, a key entity in India's railway manufacturing sector, recently secured a substantial INR 9.57 billion contract from the Ministry of Railways, underscoring its pivotal role in enhancing the nation's rail infrastructure. Despite a recent dividend cut to 3%, the company's financial performance has shown remarkable improvement with year-over-year earnings and revenue growth. Moreover, Jupiter Wagons is actively expanding its business scope through strategic acquisitions and significant private placements aimed at bolstering its market position amidst high insider ownership.
Overview: Titagarh Rail Systems Limited, with a market capitalization of ₹201.00 billion, is engaged in the manufacturing and sale of freight and passenger rail systems both in India and globally.
Operations: The company generates revenue from two primary segments: Passenger Rail Systems at ₹4.36 billion and Freight Rail Systems, which includes shipbuilding, bridges, and defense, at ₹34.18 billion.
Insider Ownership: 24.3%
Titagarh Rail Systems Limited, while experiencing shareholder dilution last year, shows promising growth with earnings and revenue forecasted to increase significantly above market rates over the next three years. Recent leadership changes and a substantial dividend recommendation indicate active management and potential for continued expansion. However, insider trading has not shown substantial buying or selling in recent months, suggesting a cautious approach from insiders amidst these positive developments.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
Companies discussed in this article include NSEI:DIXON NSEI:JWL and NSEI:TITAGARH.
