Undiscovered Gems in India to Watch This August 2024
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Over the last 7 days, the Indian market has dropped 1.7%, yet it remains up by an impressive 43% over the past year. In this dynamic environment, identifying stocks with strong growth potential and solid fundamentals is key, especially as earnings are projected to grow by 17% per annum over the next few years.
Top 10 Undiscovered Gems With Strong Fundamentals In India
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Voith Paper Fabrics India | NA | 10.97% | 9.70% | ★★★★★★ |
| Macpower CNC Machines | NA | 20.01% | 23.61% | ★★★★★★ |
| Le Travenues Technology | 10.32% | 26.39% | 67.32% | ★★★★★★ |
| Gallantt Ispat | 18.85% | 38.22% | 31.27% | ★★★★★☆ |
| Liberty Shoes | 33.72% | 3.01% | 17.85% | ★★★★★☆ |
| Genesys International | 10.57% | 13.38% | 27.53% | ★★★★★☆ |
| Magadh Sugar & Energy | 85.41% | 6.90% | 11.82% | ★★★★☆☆ |
| Sanstar | 50.30% | 37.73% | 58.24% | ★★★★☆☆ |
| Apollo Micro Systems | 38.17% | 10.59% | 11.93% | ★★★★☆☆ |
| Abans Holdings | 91.77% | 13.13% | 18.72% | ★★★★☆☆ |
Here we highlight a subset of our preferred stocks from the screener.
BLS International Services
Simply Wall St Value Rating: ★★★★★★
Overview: BLS International Services Limited specializes in outsourcing and administrative tasks for visa, passport, and consular services to various diplomatic missions, with a market cap of ?160.45 billion.
Operations: BLS International Services Limited generates revenue primarily from Visa and Consular Services (?14.71 billion) and Digital Services (?3.34 billion).
BLS International Services has shown impressive growth, with earnings rising by 49.8% over the past year, outpacing the Professional Services industry’s 10.4%. The company reported Q1 sales of INR 4.93 billion and net income of INR 1.14 billion, significantly higher than last year's figures. BLS's debt-to-equity ratio improved from 7.8 to 2.1 over five years, and its interest payments are well-covered by EBIT at an impressive 86.8x coverage ratio.
IFB Industries
Simply Wall St Value Rating: ★★★★★☆
Overview: IFB Industries Limited, along with its subsidiaries, manufactures and trades in home appliances in India and internationally, with a market cap of ?86.18 billion.
Operations: IFB Industries Limited generates revenue primarily from its Home Appliances segment, which accounts for ?36.32 billion, followed by the Engineering segment at ?8.55 billion and Steel at ?1.65 billion. The Motor segment contributes ?670.70 million to the total revenue.