Over the last 7 days, the Indian market has remained flat, but it is up 45% over the past year with earnings forecast to grow by 17% annually. In this context, growth companies with high insider ownership can be particularly appealing as they often signal strong confidence from those closest to the business.
Top 10 Growth Companies With High Insider Ownership In India
Overview: Dixon Technologies (India) Limited provides electronic manufacturing services in India and has a market cap of ₹792.70 billion.
Operations: The company's revenue segments include Home Appliances (₹12.51 billion), Lighting Products (₹7.92 billion), Mobile & EMS Division (₹143.16 billion), and Consumer Electronics & Appliances (₹41.21 billion).
Insider Ownership: 24.6%
Revenue Growth Forecast: 23.6% p.a.
Dixon Technologies (India) exhibits strong growth potential with forecasted annual earnings growth of 36.6%, significantly outpacing the Indian market's 16.9%. The company's revenue is also expected to grow at 23.6% annually, faster than the market average of 10%. Recently, Dixon reported impressive Q1 results with sales reaching ₹65.80 billion and net income doubling year-over-year to ₹1.34 billion. Additionally, the appointment of seasoned HR executive Sunil Ranjhan underscores their commitment to robust management practices.
Overview: Godrej Consumer Products Limited is a fast-moving consumer goods company that manufactures and markets personal care and home care products across India, Africa, Indonesia, the Middle East, the United States of America, and internationally with a market cap of ₹1.51 trillion.
Operations: The company's revenue primarily comes from the manufacturing of personal, household, and hair care products, amounting to ₹139.79 billion.
Insider Ownership: 13.8%
Revenue Growth Forecast: 10.1% p.a.
Godrej Consumer Products shows strong growth prospects with forecasted annual earnings growth of 58.76% and revenue expected to increase by 10.1% per year, slightly above the Indian market average. Recent management changes include new senior personnel like Swati Bhattacharya and Ashwin Moorthy, which may bolster innovation and marketing efforts. The company's entry into the pet care business through a subsidiary aims to diversify revenue streams with an investment of ₹5 billion over five years.
Overview: Info Edge (India) Limited operates as an online classifieds company in recruitment, matrimony, real estate, and education services both in India and internationally, with a market cap of approximately ₹984.29 billion.
Operations: The company's revenue segments include ₹19.05 billion from Recruitment Solutions and ₹3.67 billion from 99acres for Real Estate.
Insider Ownership: 37.8%
Revenue Growth Forecast: 13% p.a.
Info Edge (India) Limited demonstrates strong growth potential with forecasted annual earnings growth of 23.62%, outpacing the Indian market average. Recent insider activities show more shares bought than sold, indicating confidence in the company's future. The company reported robust Q1 2024 results, with net income rising to ₹2.33 billion from ₹1.59 billion a year ago, and revenue increasing to ₹8.28 billion from ₹6.90 billion last year.
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:GODREJCP and NSEI:NAUKRI.
