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Undiscovered Gems in India to Watch This September 2024

In the last week, the Indian market has stayed flat, yet it is up 41% over the past year with earnings forecast to grow by 17% annually. In this thriving 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

Bharat Rasayan

8.15%

0.10%

-7.93%

★★★★★★

Om Infra

13.99%

43.36%

27.64%

★★★★★☆

Indo Tech Transformers

2.30%

22.05%

60.31%

★★★★★☆

Ingersoll-Rand (India)

1.05%

14.88%

27.54%

★★★★★☆

Genesys International

12.13%

15.75%

36.33%

★★★★★☆

BLS E-Services

1.67%

15.04%

51.58%

★★★★★☆

Monarch Networth Capital

32.66%

31.02%

50.24%

★★★★☆☆

Sky Gold

127.01%

22.02%

48.03%

★★★★☆☆

Sanstar

50.30%

-8.41%

48.59%

★★★★☆☆

Rir Power Electronics

54.23%

16.42%

34.78%

★★★★☆☆

Click here to see the full list of 481 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

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

Advanced Enzyme Technologies

Simply Wall St Value Rating: ★★★★★★

Overview: Advanced Enzyme Technologies Limited, along with its subsidiaries, engages in the research, development, manufacture, and marketing of enzymes and probiotics across India, Europe, the United States, Asia, and internationally with a market cap of ₹57.14 billion.

Operations: Advanced Enzyme Technologies generates revenue primarily from the manufacturing and sales of enzymes, contributing ₹6.31 billion.

Advanced Enzyme Technologies has shown solid financial health, with earnings growing 18.9% over the past year, outpacing the Chemicals industry’s 10.7%. The company’s debt to equity ratio improved from 5% to 3.5% in five years and it holds more cash than its total debt. Recent Q1 results reported sales of ₹1,545 million and net income of ₹341 million, up from ₹288 million a year ago. Earnings per share rose to ₹3.05 from ₹2.58 previously.

NSEI:ADVENZYMES Debt to Equity as at Sep 2024
NSEI:ADVENZYMES Debt to Equity as at Sep 2024

Gokul Agro Resources

Simply Wall St Value Rating: ★★★★★☆

Overview: Gokul Agro Resources Limited engages in the manufacture and trading of edible and non-edible oils, meals, and other agro products in India, with a market cap of ₹44.60 billion.

Operations: The primary revenue stream for Gokul Agro Resources comes from agro-based commodities, generating ₹156.80 billion. The company focuses on manufacturing and trading edible and non-edible oils, meals, and other agro products in India.