Unlock stock picks and a broker-level newsfeed that powers Wall Street.

Unearthing Undiscovered Gems in India This October 2024

In This Article:

The Indian market has remained flat over the past week but has experienced a remarkable 40% growth over the past year, with earnings projected to increase by 17% annually in the coming years. In this dynamic environment, identifying stocks that combine strong fundamentals with growth potential can offer intriguing opportunities for investors seeking undiscovered gems.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Vidhi Specialty Food Ingredients

7.27%

11.00%

4.02%

★★★★★★

Bharat Rasayan

8.15%

0.10%

-7.93%

★★★★★★

Le Travenues Technology

10.32%

26.39%

67.32%

★★★★★★

Network People Services Technologies

0.24%

81.82%

86.35%

★★★★★☆

BLS E-Services

1.67%

15.04%

51.58%

★★★★★☆

JSW Holdings

NA

21.35%

22.41%

★★★★★☆

Magadh Sugar & Energy

85.44%

6.65%

13.60%

★★★★☆☆

Sky Gold

127.01%

22.02%

48.03%

★★★★☆☆

Innovana Thinklabs

13.59%

12.51%

19.96%

★★★★☆☆

Sanstar

50.30%

-8.41%

48.59%

★★★★☆☆

Click here to see the full list of 471 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

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

IIFL Securities

Simply Wall St Value Rating: ★★★★☆☆

Overview: IIFL Securities Limited offers capital market services in India's primary and secondary markets, with a market capitalization of ₹123.86 billion.

Operations: IIFL Securities generates revenue primarily from capital market activities, which amount to ₹20.25 billion, and also earns from facilities and ancillary services as well as insurance broking and ancillary services. The company's cost structure is not detailed in the provided data.

IIFL Securities, a notable player in the Indian financial landscape, has shown impressive earnings growth of 120% over the past year, outpacing its industry peers. The company has reduced its debt to equity ratio from 117.6% to 67.2% over five years, indicating prudent financial management. Despite a volatile share price recently and some regulatory challenges with SEBI resulting in penalties totaling INR 4.8 lakh, IIFL's P/E ratio of 20x remains attractive compared to the broader market at 33.7x.

NSEI:IIFLSEC Debt to Equity as at Oct 2024
NSEI:IIFLSEC Debt to Equity as at Oct 2024

Jaiprakash Power Ventures

Simply Wall St Value Rating: ★★★★★☆

Overview: Jaiprakash Power Ventures Limited operates in the power generation and cement grinding sectors both in India and internationally, with a market capitalization of ₹146.12 billion.

Operations: The company generates revenue primarily from its power segment, amounting to ₹61.68 billion, and coal segment at ₹6.59 billion.