Insider-Owned Growth Companies To Watch On The Indian Exchange In June 2024

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Over the last week, the Indian market has remained stable, while showing a robust increase of 45% over the past year with earnings expected to grow by 16% annually. In such a thriving environment, companies with high insider ownership can be particularly intriguing as these insiders often have a vested interest in driving long-term success.

Top 10 Growth Companies With High Insider Ownership In India

Name

Insider Ownership

Earnings Growth

Archean Chemical Industries (NSEI:ACI)

22.9%

28.9%

Pitti Engineering (BSE:513519)

33.6%

28.0%

Rajratan Global Wire (BSE:517522)

19.8%

33.5%

Dixon Technologies (India) (NSEI:DIXON)

24.9%

33.5%

Happiest Minds Technologies (NSEI:HAPPSTMNDS)

37.8%

22.7%

Jupiter Wagons (NSEI:JWL)

11.1%

27.2%

Paisalo Digital (BSE:532900)

16.3%

23.8%

JNK India (NSEI:JNKINDIA)

23.8%

31.8%

Chalet Hotels (NSEI:CHALET)

13.1%

27.6%

Pricol (NSEI:PRICOLLTD)

25.5%

26.9%

Click here to see the full list of 84 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.

Astral

Simply Wall St Growth Rating: ★★★★★☆

Overview: Astral Limited operates in the manufacturing and marketing of pipes, water tanks, and adhesives and sealants both in India and internationally, with a market capitalization of approximately ₹640.80 billion.

Operations: The company generates revenue primarily from plumbing (₹41.42 billion) and paints and adhesives (₹14.99 billion).

Insider Ownership: 39.4%

Astral Limited, a growth company in India with high insider ownership, is expected to see its revenue grow by 17.4% annually, outpacing the Indian market's 9.6%. Earnings are also set to rise significantly at 23% per year, exceeding the market's 15.9%. Despite this robust growth forecast and a high predicted return on equity of 22.7%, recent insider activity has been minimal with more shares bought than sold but not in substantial volumes. Recent financial reports show a steady increase in sales and net income for both the quarter and full year ending March 2024, although earnings per share have seen some fluctuation.

NSEI:ASTRAL Ownership Breakdown as at Jun 2024
NSEI:ASTRAL Ownership Breakdown as at Jun 2024

Info Edge (India)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Info Edge (India) Limited is an online classifieds company engaged in recruitment, matrimony, real estate, and education services, with a market capitalization of approximately ₹857.75 billion.

Operations: The company generates revenue primarily through recruitment solutions (₹18.80 billion) and real estate classifieds (₹3.51 billion).