Undiscovered Gems In India Featuring Three Promising Small Caps

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Over the last 7 days, the Indian market has dropped 1.7%, yet it remains up by an impressive 43% over the past year, with earnings forecasted to grow by 17% annually. In this dynamic environment, identifying promising small-cap stocks that can capitalize on growth opportunities is crucial for investors seeking undiscovered gems in India.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Voith Paper Fabrics India

NA

10.97%

9.70%

★★★★★★

Vidhi Specialty Food Ingredients

7.27%

11.00%

4.02%

★★★★★★

Bharat Rasayan

8.15%

0.10%

-7.93%

★★★★★★

NGL Fine-Chem

12.95%

15.70%

9.76%

★★★★★★

Knowledge Marine & Engineering Works

35.48%

46.55%

46.96%

★★★★★★

Bengal & Assam

4.48%

1.54%

51.11%

★★★★★☆

TCPL Packaging

95.84%

15.51%

31.89%

★★★★★☆

Piccadily Agro Industries

50.57%

13.78%

39.75%

★★★★★☆

JSW Holdings

NA

21.35%

22.41%

★★★★★☆

Vasa Denticity

0.11%

38.37%

48.77%

★★★★☆☆

Click here to see the full list of 455 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Here's a peek at a few of the choices from the screener.

BLS International Services

Simply Wall St Value Rating: ★★★★★★

Overview: BLS International Services Limited specializes in outsourcing and managing administrative tasks for visa, passport, and consular services to various diplomatic missions, with a market cap of ₹156.01 billion.

Operations: BLS International Services Limited generates revenue primarily from Visa and Consular Services (₹14.71 billion) and Digital Services (₹3.34 billion).

BLS International Services has shown robust growth with earnings increasing by 49.8% over the past year, outpacing the industry’s 10.4%. The debt to equity ratio improved from 7.8 to 2.1 over five years, indicating financial prudence. Recent quarterly results highlight revenue of INR 5.10 billion and net income of INR 1.14 billion, up from INR 3.91 billion and INR 689 million respectively a year ago, showcasing strong performance momentum.

NSEI:BLS Debt to Equity as at Aug 2024
NSEI:BLS Debt to Equity as at Aug 2024

Newgen Software Technologies

Simply Wall St Value Rating: ★★★★★★

Overview: Newgen Software Technologies Limited is a software company that offers products and solutions across India, Europe, the Middle East, Africa, the Asia Pacific, Australia, and the United States with a market cap of ₹146.42 billion.

Operations: Newgen Software Technologies generates revenue primarily from its Software & Programming segment, which brought in ₹13.07 billion. The company has a market capitalization of ₹146.42 billion.