The Indian market has climbed 1.2% in the last 7 days and an impressive 41% over the past year, with earnings forecasted to grow by 17% annually. In this thriving environment, growth companies with high insider ownership can offer compelling opportunities due to their potential for strong performance and alignment of interests between company insiders and shareholders.
Top 10 Growth Companies With High Insider Ownership In India
Overview: Apollo Hospitals Enterprise Limited, along with its subsidiaries, provides healthcare services in India and internationally and has a market cap of ₹1.01 trillion.
Operations: Apollo Hospitals Enterprise Limited generates revenue from Healthcare Services (₹102.83 billion), Retail Health & Diagnostics (₹14.12 billion), and Digital Health & Pharmacy Distribution (₹81.04 billion).
Insider Ownership: 10.4%
Return On Equity Forecast: 22% (2027 estimate)
Apollo Hospitals Enterprise has demonstrated strong financial performance, with recent earnings showing a significant increase in net income to ₹3.05 billion for Q1 2024 from ₹1.67 billion a year ago. Revenue growth is forecasted at 16.2% annually, outpacing the Indian market's 10.2%. Earnings are expected to grow significantly at 32.3% per year, higher than the market average of 17.2%. Despite high debt levels, its insider ownership remains substantial and supportive of future growth initiatives.
Overview: Astral Limited, with a market cap of ₹512.65 billion, manufactures and markets pipes, water tanks, adhesives, and sealants both in India and internationally.
Operations: The company's revenue segments include ₹42.17 billion from plumbing and ₹15.25 billion from paints and adhesives.
Insider Ownership: 39.4%
Return On Equity Forecast: 21% (2027 estimate)
Astral Limited is forecast to achieve higher-than-market revenue and earnings growth, with annual figures expected at 17.3% and 23.3%, respectively. Despite significant insider selling recently, the company has shown consistent profit growth of 17.7% annually over the past five years. Recent expansions include a new Hyderabad plant commencing production in September 2024, indicating ongoing business development efforts that could support future performance amidst substantial insider ownership.
Overview: Dixon Technologies (India) Limited provides electronic manufacturing services both in India and internationally, with a market cap of ₹822.66 billion.
Operations: Dixon Technologies (India) Limited generates revenue from various segments, including 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%
Return On Equity Forecast: 32% (2027 estimate)
Dixon Technologies (India) is poised for significant growth, with earnings expected to increase by 31% annually over the next three years, outpacing the Indian market's 17.2%. Revenue is forecasted to grow at 24% per year, surpassing the market average of 10.2%. Recent earnings reports show a strong performance, with net income doubling from INR 688.2 million to INR 1.34 billion year-over-year. High insider ownership underscores confidence in sustained growth potential despite no recent insider trading activity.
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:APOLLOHOSP NSEI:ASTRAL and NSEI:DIXON.
