Abans Holdings And Two More Undiscovered Gems In India

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The Indian market has shown robust performance, appreciating by 1.2% over the last week and an impressive 45% over the past 12 months, with earnings expected to grow by 16% annually. In such a thriving environment, identifying stocks like Abans Holdings that have not yet caught the broader market's attention can offer unique opportunities for growth.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Kokuyo Camlin

21.96%

11.97%

59.14%

★★★★★★

Le Travenues Technology

8.99%

36.48%

63.83%

★★★★★★

NGL Fine-Chem

12.35%

15.70%

9.76%

★★★★★★

BLS E-Services

NA

43.93%

59.81%

★★★★★★

Knowledge Marine & Engineering Works

35.48%

46.55%

46.96%

★★★★★★

Force Motors

23.24%

17.79%

29.78%

★★★★★☆

Nibe

33.91%

81.20%

80.04%

★★★★★☆

Magadh Sugar & Energy

85.41%

6.90%

11.82%

★★★★☆☆

Monarch Networth Capital

32.66%

30.99%

50.24%

★★★★☆☆

Vasa Denticity

0.11%

38.86%

55.93%

★★★★☆☆

Click here to see the full list of 458 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Let's review some notable picks from our screened stocks.

Abans Holdings

Simply Wall St Value Rating: ★★★★★☆

Overview: Abans Holdings Limited, together with its subsidiaries, operates as a non-banking finance company in India and internationally, with a market capitalization of ?26.83 billion.

Operations: The company operates primarily in agency business and lending activities, generating significant revenue from internal treasury operations (?12.44 billion). Over recent periods, it has observed a notable increase in gross profit margin, rising from 7.68% in 2018 to 16.83% by mid-2024, reflecting improved operational efficiency or potentially higher-margin revenue streams.

Abans Holdings, an emerging player in the Indian market, showcases robust financial health with a debt to equity ratio improvement from 92.1% to 91.7% over five years. Its earnings have surged by 17.7% annually during this period, underpinned by a strong EBIT coverage of interest payments at 4.1 times. Recently, the firm reported annual revenue growth to INR 13.8 billion and net income of INR 818 million, reflecting a strategic trajectory that could intrigue savvy investors looking for growth-oriented opportunities.

NSEI:AHL Debt to Equity as at Jul 2024
NSEI:AHL Debt to Equity as at Jul 2024

Abans Holdings

Simply Wall St Value Rating: ★★★★★☆

Overview: Abans Holdings Limited, together with its subsidiaries, operates as a non-banking finance company in India and internationally, with a market capitalization of ?26.83 billion.

Operations: The company operates primarily in agency business and lending activities, generating significant revenue from internal treasury operations (?12.44 billion). Over recent periods, it has observed a notable increase in gross profit margin, rising from 7.68% in 2018 to 16.83% by mid-2024, reflecting improved operational efficiency or potentially higher-margin revenue streams.

Abans Holdings, an emerging player in the Indian market, showcases robust financial health with a debt to equity ratio improvement from 92.1% to 91.7% over five years. Its earnings have surged by 17.7% annually during this period, underpinned by a strong EBIT coverage of interest payments at 4.1 times. Recently, the firm reported annual revenue growth to INR 13.8 billion and net income of INR 818 million, reflecting a strategic trajectory that could intrigue savvy investors looking for growth-oriented opportunities.

NSEI:AHL Debt to Equity as at Jul 2024
NSEI:AHL Debt to Equity as at Jul 2024

ASK Automotive

Simply Wall St Value Rating: ★★★★☆☆

Overview: ASK Automotive Limited is an Indian company engaged in the manufacturing and selling of auto components for the automobile industry, with a market capitalization of ?76.42 billion.

Operations: The company specializes in manufacturing auto components, generating a revenue of ?29.95 billion as of the latest reported period. It has observed a gross profit margin increase to 31.99% during the same timeframe, reflecting efficiency improvements in production or cost management strategies.

ASK Automotive, a noteworthy player in the Auto Components sector, has demonstrated robust financial performance with earnings growth of 41.3% over the past year, outpacing its industry's growth of 23.2%. Despite a high net debt-to-equity ratio of 40.5%, the company's interest payments are well covered by EBIT at 8.1 times coverage. Looking ahead, earnings are projected to grow by 29.27% annually, supported by strategic initiatives like a new joint venture aimed at expanding its market reach in aftermarket parts for passenger cars.

NSEI:ASKAUTOLTD Debt to Equity as at Jul 2024
NSEI:ASKAUTOLTD Debt to Equity as at Jul 2024

ASK Automotive

Simply Wall St Value Rating: ★★★★☆☆

Overview: ASK Automotive Limited is an Indian company engaged in the manufacturing and selling of auto components for the automobile industry, with a market capitalization of ?76.42 billion.

Operations: The company specializes in manufacturing auto components, generating a revenue of ?29.95 billion as of the latest reported period. It has observed a gross profit margin increase to 31.99% during the same timeframe, reflecting efficiency improvements in production or cost management strategies.

ASK Automotive, a noteworthy player in the Auto Components sector, has demonstrated robust financial performance with earnings growth of 41.3% over the past year, outpacing its industry's growth of 23.2%. Despite a high net debt-to-equity ratio of 40.5%, the company's interest payments are well covered by EBIT at 8.1 times coverage. Looking ahead, earnings are projected to grow by 29.27% annually, supported by strategic initiatives like a new joint venture aimed at expanding its market reach in aftermarket parts for passenger cars.

NSEI:ASKAUTOLTD Debt to Equity as at Jul 2024
NSEI:ASKAUTOLTD Debt to Equity as at Jul 2024

Exicom Tele-Systems

Simply Wall St Value Rating: ★★★★★☆

Overview: Exicom Tele-Systems Limited is engaged in the manufacturing and sale of electric vehicle chargers for various applications across both domestic and international markets, with a market capitalization of ?55.98 billion.

Operations: The company generates its revenue primarily from the telecom sector, which contributed ?7.91 billion, significantly more than the power segment's ?2.74 billion. Over recent periods, it has seen a rising gross profit margin, reaching 24.79% by mid-2024, reflecting improved operational efficiency in managing its cost of goods sold which stood at ?8.11 billion at the end of 2024.

Exicom Tele-Systems, an emerging contender in India's tech sector, has marked a striking 102.2% earnings growth this past year, outpacing the electrical industry's 29.2% increase. With a net debt-to-equity ratio at a manageable 11.1%, the firm maintains financial stability. Recent product launches like the Harmony Gen 1.5 DC Fast Chargers highlight their focus on innovation and user experience, catering to diverse charging needs with features that enhance operational efficiency and accessibility for all users.

NSEI:EXICOM Debt to Equity as at Jul 2024
NSEI:EXICOM Debt to Equity as at Jul 2024

Exicom Tele-Systems

Simply Wall St Value Rating: ★★★★★☆

Overview: Exicom Tele-Systems Limited is engaged in the manufacturing and sale of electric vehicle chargers for various applications across both domestic and international markets, with a market capitalization of ?55.98 billion.

Operations: The company generates its revenue primarily from the telecom sector, which contributed ?7.91 billion, significantly more than the power segment's ?2.74 billion. Over recent periods, it has seen a rising gross profit margin, reaching 24.79% by mid-2024, reflecting improved operational efficiency in managing its cost of goods sold which stood at ?8.11 billion at the end of 2024.

Exicom Tele-Systems, an emerging contender in India's tech sector, has marked a striking 102.2% earnings growth this past year, outpacing the electrical industry's 29.2% increase. With a net debt-to-equity ratio at a manageable 11.1%, the firm maintains financial stability. Recent product launches like the Harmony Gen 1.5 DC Fast Chargers highlight their focus on innovation and user experience, catering to diverse charging needs with features that enhance operational efficiency and accessibility for all users.

NSEI:EXICOM Debt to Equity as at Jul 2024
NSEI:EXICOM Debt to Equity as at Jul 2024

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NSEI:AHL NSEI:ASKAUTOLTD and NSEI:EXICOM.

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