Undiscovered Gems To Explore In November 2024

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As global markets navigate a period of economic uncertainty, small-cap stocks have shown resilience, holding up better than their large-cap counterparts amidst a busy earnings season and mixed economic signals. In this dynamic environment, identifying undiscovered gems requires focusing on companies with strong fundamentals and the potential to thrive despite broader market challenges.

Top 10 Undiscovered Gems With Strong Fundamentals

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Payton Industries

NA

9.38%

14.12%

★★★★★★

Suez Canal Company for Technology Settling (S.A.E)

NA

22.31%

13.60%

★★★★★★

Mendelson Infrastructures & Industries

34.64%

7.17%

18.08%

★★★★★★

Impellam Group

31.12%

-5.43%

-6.86%

★★★★★★

Ovostar Union

0.01%

10.19%

49.85%

★★★★★★

Formula Systems (1985)

35.62%

10.91%

13.89%

★★★★★★

Tianyun International Holdings

10.09%

-5.59%

-9.92%

★★★★★★

Terminal X Online

22.05%

11.54%

9.32%

★★★★★☆

Wilson

64.79%

30.09%

68.29%

★★★★☆☆

A2B Australia

15.83%

-7.78%

25.44%

★★★★☆☆

Click here to see the full list of 4739 stocks from our Undiscovered Gems With Strong Fundamentals screener.

Below we spotlight a couple of our favorites from our exclusive screener.

ESAB India

Simply Wall St Value Rating: ★★★★★☆

Overview: ESAB India Limited manufactures and sells welding and cutting equipment and consumables in India, with a market capitalization of ?98.79 billion.

Operations: ESAB India's primary revenue stream is from its Fabrication Technology segment, generating ?12.75 billion. The company focuses on manufacturing and selling welding and cutting equipment along with consumables in the Indian market.

ESAB India, a promising player in the machinery sector, has seen its earnings grow at an impressive 24% annually over the past five years. Despite a modest increase in its debt to equity ratio from 0% to 1.5%, the company maintains more cash than total debt, reflecting prudent financial management. Recent quarterly results show revenue climbing to ?3.31 billion from ?3 billion year-on-year, with net income reaching ?444 million compared to ?424 million previously. The company declared a hefty dividend of ?30 per share and appointed Deloitte Haskins & Sells as auditors for five years, signaling confidence in future prospects.

NSEI:ESABINDIA Earnings and Revenue Growth as at Nov 2024
NSEI:ESABINDIA Earnings and Revenue Growth as at Nov 2024

Kaveri Seed

Simply Wall St Value Rating: ★★★★★★

Overview: Kaveri Seed Company Limited is engaged in the research, development, production, processing, and marketing of hybrid seeds and vegetable crop seeds in India with a market cap of ?46.86 billion.