In This Article:
The Indian market has shown impressive strength, rising 2.5% in the last 7 days and up 45% over the past year, with all sectors gaining ground. In this thriving environment, identifying stocks with strong growth potential and solid earnings forecasts can be particularly rewarding; here are three undiscovered gems to watch this July 2024.
Top 10 Undiscovered Gems With Strong Fundamentals In India
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| 3B Blackbio Dx | 0.38% | 3.93% | 3.59% | ★★★★★★ |
| Macpower CNC Machines | NA | 20.01% | 23.61% | ★★★★★★ |
| BLS E-Services | NA | 43.93% | 59.81% | ★★★★★★ |
| Le Travenues Technology | 8.99% | 36.48% | 63.83% | ★★★★★★ |
| Knowledge Marine & Engineering Works | 35.48% | 46.55% | 46.96% | ★★★★★★ |
| KP Green Engineering | 13.73% | 47.60% | 61.28% | ★★★★★☆ |
| JSW Holdings | NA | 21.35% | 22.41% | ★★★★★☆ |
| Magadh Sugar & Energy | 85.41% | 6.90% | 11.82% | ★★★★☆☆ |
| Apollo Micro Systems | 38.17% | 7.94% | 2.46% | ★★★★☆☆ |
| Rir Power Electronics | 53.98% | 13.52% | 31.41% | ★★★★☆☆ |
Here we highlight a subset of our preferred stocks from the screener.
Jai Balaji Industries
Simply Wall St Value Rating: ★★★★★★
Overview: Jai Balaji Industries Limited manufactures and markets iron and steel products primarily in India, with a market cap of ₹160.10 billion.
Operations: The company generates revenue primarily from its iron and steel products, amounting to ₹49.48 billion.
Jai Balaji Industries, a small-cap player in the Metals and Mining sector, has shown remarkable earnings growth of 244.5% over the past year, outpacing the industry average of 18.8%. The company reported net income of INR 20.88 million for Q1 2024 with basic earnings per share at INR 12.1. Despite shareholder dilution last year, its net debt to equity ratio stands at a satisfactory 25.4%, and interest payments are well-covered by EBIT (12.4x).
Lloyds Engineering Works
Simply Wall St Value Rating: ★★★★☆☆
Overview: Lloyds Engineering Works Limited provides engineering products and services in India with a market cap of ₹105.11 billion.
Operations: Lloyds Engineering Works generates revenue primarily from its engineering products and services, amounting to ₹6.24 billion.
Lloyds Engineering Works, a small cap player in the machinery industry, has shown impressive earnings growth of 116.8% over the past year, far outpacing the industry's 28.6%. The company reported first-quarter sales of INR 1.35 billion and net income of INR 212.18 million, reflecting solid financial performance. However, significant insider selling over the past three months and shareholder dilution raise some concerns despite having more cash than total debt and sufficient interest coverage from profits.