Three Undiscovered Gems In India With Strong Potential

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Over the last 7 days, the Indian market has dropped 4.0%, yet it remains up 40% over the past year with earnings forecasted to grow by 17% annually. In this dynamic environment, identifying stocks with strong fundamentals and growth potential can be crucial for investors seeking to capitalize on India's economic momentum.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Yuken India

27.52%

9.91%

-52.98%

★★★★★★

Vidhi Specialty Food Ingredients

7.07%

13.43%

5.94%

★★★★★★

NGL Fine-Chem

12.35%

15.70%

9.76%

★★★★★★

AGI Infra

61.29%

29.69%

35.60%

★★★★★★

Piccadily Agro Industries

50.57%

13.78%

39.75%

★★★★★☆

Nibe

33.91%

81.20%

80.04%

★★★★★☆

Genesys International

10.57%

13.38%

27.53%

★★★★★☆

Share India Securities

24.23%

37.66%

48.98%

★★★★☆☆

Master Trust

37.05%

26.63%

41.10%

★★★★☆☆

SG Mart

16.73%

99.32%

94.08%

★★★★☆☆

Click here to see the full list of 460 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Here we highlight a subset of our preferred stocks from the screener.

Gokul Agro Resources

Simply Wall St Value Rating: ★★★★★☆

Overview: Gokul Agro Resources Limited manufactures and trades in edible and non-edible oils, meals, and other agro products in India with a market cap of ₹30.58 billion.

Operations: Gokul Agro Resources generates revenue primarily from agro-based commodities, amounting to ₹156.80 billion. The company focuses on manufacturing and trading various oils and meals within India.

Gokul Agro Resources has shown impressive earnings growth of 28.4% over the past year, outpacing the Food industry’s 14.1%. The company’s net debt to equity ratio stands at a satisfactory 20.1%, reflecting prudent financial management. Despite a reduced debt to equity ratio from 124.4% to 76.8% over five years, interest coverage by EBIT remains low at 2.3x, indicating potential risks in servicing debt obligations. Recent Q1 results reported sales of ₹42,902M and net income of ₹528M, highlighting strong performance improvements compared to last year.

NSEI:GOKULAGRO Debt to Equity as at Aug 2024
NSEI:GOKULAGRO Debt to Equity as at Aug 2024

Marine Electricals (India)

Simply Wall St Value Rating: ★★★★☆☆

Overview: Marine Electricals (India) Limited manufactures and sells various marine and industrial electrical and electronic components in India and internationally, with a market cap of ₹33.94 billion.

Operations: The company's revenue streams are derived from its marine segment, contributing ₹3.54 billion, and its industry segment, contributing ₹2.68 billion.