Undiscovered Gems in India to Watch This September 2024

In This Article:

Over the last 7 days, the Indian market has remained flat, but it has impressively risen by 41% over the past 12 months. In light of this growth and with earnings expected to increase by 17% per annum in the coming years, identifying promising stocks that are currently underappreciated can be a strategic move for investors.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Wealth First Portfolio Managers

NA

-47.95%

40.47%

★★★★★★

Bharat Rasayan

8.15%

0.10%

-7.93%

★★★★★★

Knowledge Marine & Engineering Works

35.48%

42.61%

42.95%

★★★★★★

Force Motors

23.24%

21.52%

44.24%

★★★★★☆

Gallantt Ispat

18.85%

37.56%

37.26%

★★★★★☆

Master Trust

37.05%

27.64%

41.99%

★★★★★☆

Ingersoll-Rand (India)

1.05%

14.88%

27.54%

★★★★★☆

Genesys International

12.13%

15.75%

36.33%

★★★★★☆

KP Green Engineering

13.73%

47.60%

61.28%

★★★★★☆

Monarch Networth Capital

32.66%

31.02%

50.24%

★★★★☆☆

Click here to see the full list of 476 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Let's explore several standout options from the results in 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 its Gems & Jewellery segment, amounting to ₹23.74 billion. The company's market cap stands at ₹36.81 billion.

D. P. Abhushan, a smaller player in the Indian jewelry retail sector, reported Q1 2024 sales of ₹5.05 billion and net income of ₹250.77 million, showing significant growth from last year’s figures. The company’s earnings grew by 48.5% over the past year, outpacing its industry’s 23% growth rate, and EBIT covers interest payments 9.3 times over. Debt to equity ratio has improved from 187% to 73%, though net debt to equity remains high at 61%.

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

Marksans Pharma

Simply Wall St Value Rating: ★★★★★★

Overview: Marksans Pharma Limited, along with its subsidiaries, is involved in the research, manufacturing, marketing, and sale of pharmaceutical formulations across the United States, North America, Europe, the United Kingdom, Australia, New Zealand and other international markets with a market cap of ₹119.45 billion.

Operations: Marksans Pharma derives its revenue primarily from the sale of pharmaceutical formulations, amounting to ₹22.68 billion. The company's market cap stands at ₹119.45 billion.