Undiscovered Gems in India to Watch This September 2024

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Over the last 7 days, the Indian market has remained flat, but it is up 41% over the past year with earnings expected to grow by 17% per annum over the next few years. In this dynamic environment, identifying stocks with strong fundamentals and growth potential can be particularly rewarding.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Goldiam International

0.74%

10.81%

15.85%

★★★★★★

3B Blackbio Dx

0.38%

-0.88%

-1.47%

★★★★★★

Vidhi Specialty Food Ingredients

7.27%

11.00%

4.02%

★★★★★★

NGL Fine-Chem

12.95%

15.22%

8.68%

★★★★★★

Yuken India

27.96%

12.35%

-44.41%

★★★★★★

Voith Paper Fabrics India

0.07%

10.95%

9.70%

★★★★★☆

Macpower CNC Machines

0.40%

22.04%

31.09%

★★★★★☆

Genesys International

12.13%

15.75%

36.33%

★★★★★☆

JSW Holdings

NA

21.35%

22.41%

★★★★★☆

Innovana Thinklabs

13.59%

12.51%

20.01%

★★★★☆☆

Click here to see the full list of 477 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Here we highlight a subset of our preferred stocks from the screener.

D. P. Abhushan

Simply Wall St Value Rating: ★★★★☆☆

Overview: D. P. Abhushan Limited engages in the manufacturing, sale, and trading of gold, diamond, platinum, silver, and other precious metals and ornaments in India with a market cap of ₹36.81 billion.

Operations: D. P. Abhushan generates revenue primarily from the Gems & Jewellery segment, contributing ₹23.74 billion. The company has a market cap of ₹36.81 billion and operates within India, focusing on precious metals and ornaments.

D. P. Abhushan, a small-cap jewelry retailer in India, has shown impressive growth with earnings up 48.5% over the past year, surpassing the Specialty Retail industry’s 23%. The company reported Q1 sales of INR 5.05 billion and net income of INR 250.77 million, reflecting strong performance compared to last year’s figures. Additionally, its debt-to-equity ratio improved from 187% to 73% over five years while maintaining high-quality earnings and well-covered interest payments at 9x EBIT coverage.

NSEI:DPABHUSHAN Earnings and Revenue Growth as at Sep 2024
NSEI:DPABHUSHAN Earnings and Revenue Growth as at Sep 2024

Salasar Techno Engineering

Simply Wall St Value Rating: ★★★★☆☆

Overview: Salasar Techno Engineering Limited manufactures and sells galvanized and non-galvanized steel structures in India and internationally, with a market cap of ₹37.32 billion.

Operations: Salasar Techno Engineering generates revenue primarily from Steel Structures (₹8.17 billion) and EPC Projects (₹4.85 billion).