Top Insider-Owned Growth Stocks On Indian Exchanges August 2024
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In the last week, the Indian market has stayed flat, but it is up 45% over the past year with earnings expected to grow by 17% per annum over the next few years. In this promising environment, identifying growth companies with high insider ownership can be crucial as it often signals confidence from those who know the business best.
Top 10 Growth Companies With High Insider Ownership In India
| Name | Insider Ownership | Earnings Growth |
| Archean Chemical Industries (NSEI:ACI) | 22.9% | 36% |
| Kirloskar Pneumatic (BSE:505283) | 30.6% | 30.1% |
| Dixon Technologies (India) (NSEI:DIXON) | 24.6% | 35.5% |
| Jupiter Wagons (NSEI:JWL) | 10.8% | 27.2% |
| Shivalik Bimetal Controls (BSE:513097) | 19.5% | 28.7% |
| Happiest Minds Technologies (NSEI:HAPPSTMNDS) | 31.9% | 20.7% |
| Paisalo Digital (BSE:532900) | 16.3% | 23.8% |
| JNK India (NSEI:JNKINDIA) | 20.9% | 31.8% |
| Rajratan Global Wire (BSE:517522) | 19.8% | 35.8% |
| KEI Industries (BSE:517569) | 19.1% | 20.3% |
Let's review some notable picks from our screened stocks.
MedPlus Health Services
Simply Wall St Growth Rating: ★★★★☆☆
Overview: MedPlus Health Services Limited operates in the retail trading of medicines and general items in India, with a market cap of ?79.68 billion.
Operations: MedPlus Health Services Limited generates revenue primarily from retail at ?57.43 billion and diagnostics at ?852.29 million.
Insider Ownership: 14.0%
Earnings Growth Forecast: 41.7% p.a.
MedPlus Health Services demonstrates significant earnings growth, with a forecasted annual profit increase of 41.7%, outpacing the Indian market's 16.7%. Recent earnings reports show strong performance, with Q1 2024 net income rising to INR 143.63 million from INR 37.86 million a year ago. Despite lower projected Return on Equity at 11.2% in three years and insufficient interest coverage by earnings, analysts expect a stock price rise of 31.4%.
One97 Communications
Simply Wall St Growth Rating: ★★★★☆☆
Overview: One97 Communications Limited operates in India, offering payment, commerce and cloud, and financial services to consumers and merchants, with a market cap of ?317.76 billion.
Operations: Revenue segments for One97 Communications Limited include Data Processing, which generated ?91.38 billion.
Insider Ownership: 20.7%
Earnings Growth Forecast: 66.7% p.a.
One97 Communications, despite its recent regulatory penalty and widening losses (Q1 2024 net loss of INR 8.39 billion), remains a growth-focused company with high insider ownership. The strategic partnership with FlixBus enhances its travel offerings, while the launch of 'Paytm Health Saathi' supports merchant partners. Although revenue decreased to INR 16.39 billion from INR 24.64 billion year-on-year, Paytm's diverse initiatives and potential M&A activities indicate ongoing efforts to drive growth and value creation.