Undiscovered Gems in India To Explore This August 2024

In This Article:

Over the last 7 days, the Indian market has risen 1.8%, and in the past year, it has climbed an impressive 46%, with earnings forecasted to grow by 17% annually. In this thriving environment, identifying stocks with strong fundamentals and growth potential can uncover some truly promising opportunities.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Bengal & Assam

4.48%

1.53%

51.11%

★★★★★★

Vidhi Specialty Food Ingredients

7.27%

11.00%

4.02%

★★★★★★

All E Technologies

NA

40.78%

31.63%

★★★★★★

NGL Fine-Chem

12.95%

15.22%

8.68%

★★★★★★

Knowledge Marine & Engineering Works

35.48%

42.61%

42.95%

★★★★★★

Voith Paper Fabrics India

0.07%

10.95%

9.70%

★★★★★☆

Gallantt Ispat

18.85%

37.56%

37.26%

★★★★★☆

Indo Tech Transformers

2.30%

22.04%

60.31%

★★★★★☆

SG Mart

16.77%

98.09%

96.54%

★★★★☆☆

Vasa Denticity

0.11%

38.37%

48.77%

★★★★☆☆

Click here to see the full list of 468 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Let's uncover some gems from our specialized screener.

IIFL Securities

Simply Wall St Value Rating: ★★★★☆☆

Overview: IIFL Securities Limited offers capital market services in India's primary and secondary markets, with a market cap of ₹85.13 billion.

Operations: IIFL Securities Limited generates revenue primarily from capital market activities (₹20.25 billion), with additional income from facilities and ancillary services (₹375.25 million) and insurance broking and ancillary services (₹2.77 billion).

IIFL Securities has shown impressive growth, with earnings rising by 120.4% over the past year, outpacing the Capital Markets industry’s 63.6%. The debt to equity ratio has improved from 117.6% to 67.2% in five years, and its net debt to equity stands at a satisfactory 35.5%. Despite recent volatility in its share price and a regulatory penalty of INR 300K, IIFLSEC remains a strong performer with a P/E ratio of 13.7x compared to the Indian market's average of 33.9x.

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

Inox Green Energy Services

Simply Wall St Value Rating: ★★★★☆☆

Overview: Inox Green Energy Services Limited provides operation and maintenance services and common infrastructure facilities for wind turbine generators in India, with a market cap of ₹74.79 billion.

Operations: The primary revenue stream for Inox Green Energy Services Limited comes from operation and maintenance services, amounting to ₹1.66 billion. The company also reports a segment adjustment of ₹244.10 million.