Discover These 3 Undiscovered Gems in India's Stock Market

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Over the last 7 days, the Indian stock market has remained flat, yet it has risen 44% in the past 12 months with earnings forecasted to grow by 17% annually. In this thriving environment, identifying lesser-known stocks with strong potential can offer unique opportunities 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%

★★★★★★

Kokuyo Camlin

27.11%

23.20%

75.70%

★★★★★★

Le Travenues Technology

10.32%

26.39%

67.32%

★★★★★★

Force Motors

23.24%

21.52%

44.24%

★★★★★☆

Master Trust

37.05%

27.57%

41.99%

★★★★★☆

Insolation Energy

88.64%

163.87%

419.31%

★★★★★☆

Kalyani Investment

NA

21.42%

6.35%

★★★★★☆

Sky Gold

127.01%

22.02%

48.03%

★★★★☆☆

Sanstar

50.30%

-8.41%

48.59%

★★★★☆☆

Innovana Thinklabs

13.59%

12.51%

20.01%

★★★★☆☆

Click here to see the full list of 457 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

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

LT Foods

Simply Wall St Value Rating: ★★★★★★

Overview: LT Foods Limited engages in the milling, processing, and marketing of branded and non-branded basmati rice and rice food products in India with a market cap of ?117.75 billion.

Operations: Revenue from the manufacture and storage of rice stands at ?81.21 billion.

Earnings for LT Foods grew 35.7% last year, outpacing the food industry's 13.9%. The company's net debt to equity ratio improved from 116.4% to 26.8% over five years, indicating better financial health. Trading at just below its fair value, LT Foods offers high-quality earnings and good relative value compared to peers. Recent news includes a new U.K facility with an initial £7 million investment and potential revenue of £50 million annually within two years.

NSEI:LTFOODS Debt to Equity as at Aug 2024
NSEI:LTFOODS Debt to Equity as at Aug 2024

Marksans Pharma

Simply Wall St Value Rating: ★★★★★★

Overview: Marksans Pharma Limited, along with its subsidiaries, focuses on the research and development, manufacturing, marketing, and sale of generic pharmaceutical formulations globally and has a market cap of ?99.76 billion.

Operations: Marksans Pharma Limited generates revenue primarily from its Pharmaceuticals segment, amounting to ?22.68 billion. The company's market cap stands at ?99.76 billion.

Marksans Pharma, a rising player in India's pharmaceutical sector, has seen its debt to equity ratio improve from 19.9% to 11.7% over the past five years while maintaining a P/E ratio of 29.9x, which is favorable compared to the Indian market's 32.5x. Earnings grew by 21.7% last year, outpacing industry growth of 19.3%. Recent Q1 results show net income at INR 887 million and revenue at INR 6 billion, indicating robust financial health and future growth potential through M&A activities in Europe.