Unveiling 3 Undiscovered Gems in India with Strong Potential

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In the last week, the Indian market has stayed flat, yet it boasts a remarkable 40% rise over the past year with earnings forecast to grow by 17% annually. In this promising environment, identifying stocks with strong potential often involves looking for companies that are poised to benefit from robust earnings growth and have not yet captured widespread attention.

Top 10 Undiscovered Gems With Strong Fundamentals In India

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

All E Technologies

NA

40.78%

31.63%

★★★★★★

Goldiam International

0.74%

10.81%

15.85%

★★★★★★

Suraj

27.47%

17.95%

67.29%

★★★★★★

Le Travenues Technology

10.32%

26.39%

67.32%

★★★★★★

ELANTAS Beck India

NA

14.89%

24.83%

★★★★★★

Om Infra

13.99%

43.36%

27.66%

★★★★★☆

Macpower CNC Machines

0.40%

22.04%

31.09%

★★★★★☆

Ingersoll-Rand (India)

1.05%

14.88%

27.54%

★★★★★☆

SG Mart

16.77%

98.09%

96.54%

★★★★☆☆

Abans Holdings

91.77%

13.13%

18.72%

★★★★☆☆

Click here to see the full list of 469 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Let's dive into some prime choices out of from the screener.

IFB Industries

Simply Wall St Value Rating: ★★★★★☆

Overview: IFB Industries Limited, along with its subsidiaries, is engaged in the manufacturing and trading of home appliances both in India and globally, with a market capitalization of ?87.48 billion.

Operations: IFB Industries generates revenue primarily from its Home Appliances segment, contributing ?36.32 billion, followed by the Engineering segment at ?8.55 billion. The company also derives income from its Steel and Motor segments, with revenues of ?1.65 billion and ?670.70 million, respectively.

IFB Industries, a small player in the consumer durables sector, has seen its earnings skyrocket by 612.7% over the past year, outpacing industry growth of 16.6%. The company reported a net income of ?375.4 million for Q1 2025, bouncing back from a loss of ?6.2 million the previous year. With more cash than total debt and interest payments well covered at 7.5x EBIT, IFB's financial health appears robust despite an increased debt-to-equity ratio from 11.6% to 22.9% over five years.

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

Ingersoll-Rand (India)

Simply Wall St Value Rating: ★★★★★☆

Overview: Ingersoll-Rand (India) Limited is a company that focuses on manufacturing and selling industrial air compressors in India, with a market capitalization of ?145.19 billion.

Operations: The primary revenue stream for Ingersoll-Rand (India) Limited is its Air Solutions segment, generating ?12.27 billion. The company's market capitalization stands at ?145.19 billion.