Undiscovered Gems E.I.D.- Parry (India) And 2 Promising Small Caps

In This Article:

In the last week, the Indian market has been flat, but it is up 44% over the past year with earnings forecast to grow by 17% annually. In this dynamic environment, identifying stocks with strong fundamentals and growth potential can be particularly rewarding; E.I.D.- Parry (India) and two other promising small caps exemplify such opportunities.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

All E Technologies

NA

40.78%

31.63%

★★★★★★

Yuken India

27.96%

12.35%

-44.41%

★★★★★★

Le Travenues Technology

10.32%

26.39%

67.32%

★★★★★★

AGI Infra

61.29%

29.16%

33.44%

★★★★★★

Force Motors

23.24%

21.52%

44.24%

★★★★★☆

Om Infra

13.99%

43.36%

27.66%

★★★★★☆

S J Logistics (India)

11.71%

90.19%

60.29%

★★★★★☆

Nibe

39.26%

80.75%

84.69%

★★★★★☆

KP Green Engineering

13.73%

47.44%

61.28%

★★★★★☆

Abans Holdings

91.77%

13.13%

18.72%

★★★★☆☆

Click here to see the full list of 473 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Below we spotlight a couple of our favorites from our exclusive screener.

E.I.D.- Parry (India)

Simply Wall St Value Rating: ★★★★★★

Overview: E.I.D.- Parry (India) Limited, together with its subsidiaries, engages in the manufacture and sale of sugar, nutraceuticals, and distillery products in India, North America, Europe, and internationally. Market Cap: ₹154.13 billion.

Operations: The company's revenue streams include distillery (₹8.54 billion), co-generation (₹1.83 billion), nutraceuticals (₹2.34 billion), nutrient and allied business (₹187.88 billion), and crop protection including bio-pesticides (₹24.61 billion).

E.I.D.- Parry (India) showcases a compelling profile with a price-to-earnings ratio of 17.5x, well below the Indian market's 34.3x, suggesting potential undervaluation. Over the past five years, its debt-to-equity ratio has significantly reduced from 132.9% to 15.6%. Despite earnings forecasted to decline by an average of 43.7% annually over the next three years, last year's earnings grew by 13.1%, outpacing the chemicals industry at 10.7%. Recent management changes include Mr. Suresh's early retirement and Mr. Murugappan stepping in as CEO from September 2024 onwards, which may influence future strategic directions.

NSEI:EIDPARRY Debt to Equity as at Oct 2024
NSEI:EIDPARRY Debt to Equity as at Oct 2024

IIFL Securities

Simply Wall St Value Rating: ★★★★☆☆

Overview: IIFL Securities Limited offers capital market services in India's primary and secondary markets and has a market cap of ₹117.03 billion.