Indian Exchange's Top Insider-Owned Growth Companies For September 2024

In This Article:

Over the last 7 days, the Indian market has dropped 1.2%, driven by a pullback of 4.5% in the Energy sector, yet it remains up 38% over the past year with earnings forecast to grow by 17% annually. In this context, companies that exhibit strong growth potential and high insider ownership can be particularly appealing as they often signal confidence from those closest to the business.

Top 10 Growth Companies With High Insider Ownership In India

Name

Insider Ownership

Earnings Growth

Archean Chemical Industries (NSEI:ACI)

22.9%

33.7%

Kirloskar Pneumatic (BSE:505283)

30.4%

30.1%

Dixon Technologies (India) (NSEI:DIXON)

24.6%

36.7%

Jupiter Wagons (NSEI:JWL)

10.8%

27.4%

Happiest Minds Technologies (NSEI:HAPPSTMNDS)

32.5%

22.2%

Paisalo Digital (BSE:532900)

16.3%

24.8%

Apollo Hospitals Enterprise (NSEI:APOLLOHOSP)

10.4%

32.3%

KEI Industries (BSE:517569)

18.7%

22.4%

Pricol (NSEI:PRICOLLTD)

25.5%

24%

Aether Industries (NSEI:AETHER)

31.1%

45.9%

Click here to see the full list of 93 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

Let's take a closer look at a couple of our picks from the screened companies.

Archean Chemical Industries

Simply Wall St Growth Rating: ★★★★★★

Overview: Archean Chemical Industries Limited manufactures and sells specialty marine chemicals in India and internationally, with a market cap of ₹89.10 billion.

Operations: The company's revenue primarily comes from its Marine Chemicals segment, generating ₹11.99 billion.

Insider Ownership: 22.9%

Archean Chemical Industries, a growth company with high insider ownership in India, is trading at 9.3% below its estimated fair value and has strong revenue growth forecasts of 28.2% annually, outpacing the Indian market's 10.1%. Earnings are expected to grow significantly at 33.73% per year over the next three years with a high forecasted return on equity of 24.4%. Recent challenges include penalties related to GST issues and a decline in Q1 earnings compared to the previous year.

NSEI:ACI Earnings and Revenue Growth as at Sep 2024
NSEI:ACI Earnings and Revenue Growth as at Sep 2024

Aether Industries

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aether Industries Limited produces and sells advanced intermediates and specialty chemicals in India and internationally, with a market cap of ₹140.42 billion.

Operations: The company's revenue segments include ₹1.54 billion from Contract Manufacturing, ₹3.73 billion from Large Scale Manufacturing, and ₹832.89 million from Contract Research and Manufacturing Services (CRAMS).