Top Indian Growth Companies With High Insider Ownership August 2024

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The Indian market has shown impressive growth, rising 44% in the past 12 months, with the Information Technology sector gaining 5.2% last week alone. In this thriving environment, companies with high insider ownership often signal strong confidence from those closest to the business and can be promising candidates for growth-focused investors.

Top 10 Growth Companies With High Insider Ownership In India

Name

Insider Ownership

Earnings Growth

Kirloskar Pneumatic (BSE:505283)

30.6%

30.1%

Archean Chemical Industries (NSEI:ACI)

22.9%

35%

Dixon Technologies (India) (NSEI:DIXON)

24.6%

36.1%

Jupiter Wagons (NSEI:JWL)

10.8%

27.2%

Happiest Minds Technologies (NSEI:HAPPSTMNDS)

32.5%

21.8%

Paisalo Digital (BSE:532900)

16.3%

24.8%

Apollo Hospitals Enterprise (NSEI:APOLLOHOSP)

10.4%

32.7%

KEI Industries (BSE:517569)

19.1%

20.4%

Aether Industries (NSEI:AETHER)

31.1%

43.6%

Pricol (NSEI:PRICOLLTD)

25.5%

24%

Click here to see the full list of 94 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

Let's uncover some gems from our specialized screener.

Dodla Dairy

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Dodla Dairy Limited, along with its subsidiaries, produces and sells milk and milk products in India and internationally, with a market cap of ₹74.29 billion.

Operations: Revenue from milk and milk products amounts to ₹32.14 billion.

Insider Ownership: 27.7%

Earnings Growth Forecast: 22.2% p.a.

Dodla Dairy's earnings are forecast to grow 22.15% annually, outpacing the Indian market's growth rate of 16.9%. Revenue is expected to grow at 13.4% per year, faster than the market average but below high-growth benchmarks. Recent Q1 results showed significant improvements with net income rising to INR 650.24 million from INR 349.71 million a year ago, and basic earnings per share increasing to INR 10.93 from INR 5.88 last year.

NSEI:DODLA Earnings and Revenue Growth as at Aug 2024
NSEI:DODLA Earnings and Revenue Growth as at Aug 2024

Happy Forgings

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Happy Forgings Limited manufactures and sells forgings and related components in India and internationally, with a market cap of ₹113.52 billion.

Operations: The company's revenue segment primarily consists of Forged and Machined Products, generating ₹13.70 billion.

Insider Ownership: 26.8%

Earnings Growth Forecast: 22.2% p.a.

Happy Forgings' earnings are projected to grow 22.2% annually, surpassing the Indian market's growth rate of 16.9%, although revenue growth at 17.6% is below high-growth thresholds but still faster than the market average. Recent Q1 results showed slight declines in net income to INR 638 million from INR 640.38 million a year ago, with basic earnings per share dropping to INR 6.77 from INR 7.16 last year, reflecting some short-term challenges despite strong insider ownership and long-term growth potential.