The Indian market has shown impressive resilience, rising 1.3% over the last week and climbing 45% in the past year, with earnings forecasted to grow by 17% annually. In this robust environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business.
Top 10 Growth Companies With High Insider Ownership In India
Overview: Astral Limited, with a market cap of ₹5.44 billion, manufactures and markets pipes, water tanks, and adhesives and sealants in India and internationally through its subsidiaries.
Operations: The company's revenue segments include ₹42.17 billion from plumbing and ₹15.25 billion from paints and adhesives.
Insider Ownership: 39.4%
Revenue Growth Forecast: 17.3% p.a.
Astral Limited, a growth company with high insider ownership, is expected to see significant annual earnings growth of 23.5% over the next three years, outpacing the Indian market's forecast. Despite recent insider selling and no substantial buying in the past three months, Astral's revenue is projected to grow at 17.3% annually. Recent expansions include a new Hyderabad plant commencing production and reorganization of adhesive manufacturing operations to enhance efficiency.
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 ₹1.02 trillion.
Operations: The company's revenue segments include ₹19.05 billion from recruitment solutions and ₹3.67 billion from 99acres for real estate.
Insider Ownership: 37.7%
Revenue Growth Forecast: 13% p.a.
Info Edge (India) is forecasted to achieve significant annual earnings growth of 23.6% over the next three years, surpassing the Indian market's average. Despite recent insider selling and no substantial buying in the past three months, its revenue is expected to grow at 13% annually. Recent developments include appointing Mr. Hoonar Janu as Senior Vice President and Head of Public Policy and a tax demand order under appeal for INR 282,303 plus penalties from fiscal year 2019-20.
Overview: Persistent Systems Limited offers software products, services, and technology solutions across India, North America, and internationally with a market cap of ₹791.64 billion.
Operations: The company's revenue segments include Healthcare & Life Sciences (₹23.88 billion), Software, Hi-Tech and Emerging Industries (₹46.41 billion), and Banking, Financial Services and Insurance (BFSI) (₹32.08 billion).
Insider Ownership: 34.3%
Revenue Growth Forecast: 13.7% p.a.
Persistent Systems is forecasted to achieve annual revenue growth of 13.7%, outpacing the Indian market's 10.1%. Earnings are expected to grow at 19.4% per year, slightly below significant growth but still faster than the market average of 17.3%. Recent developments include appointing Sachin Pathak as Chief Risk Officer and a partnership with Mage Data™ to enhance data security services, which could bolster its digital transformation capabilities for clients across industries.
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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:ASTRAL NSEI:NAUKRI and NSEI:PERSISTENT.
