Indian Exchange Growth Companies With High Insider Ownership June 2024

editorial-team@simplywallst.com (Simply Wall St)

24 June 2024 at 5:33 am·4-min read

Amidst a backdrop of fluctuating global markets and cautious trading within the Indian stock exchanges, investors continue to seek stable yet promising investment avenues. High insider ownership in growth companies often signals strong confidence from those most familiar with the company's potential, making such stocks potentially attractive in the current uncertain market environment.

Top 10 Growth Companies With High Insider Ownership In India

Name	Insider Ownership	Earnings Growth
Archean Chemical Industries (NSEI:ACI)	22.9%	28.9%
Pitti Engineering (BSE:513519)	33.6%	28.0%
Rajratan Global Wire (BSE:517522)	19.8%	33.5%
Dixon Technologies (India) (NSEI:DIXON)	24.9%	33.5%
Happiest Minds Technologies (NSEI:HAPPSTMNDS)	37.8%	22.7%
Jupiter Wagons (NSEI:JWL)	11.1%	27.2%
Paisalo Digital (BSE:532900)	16.3%	23.8%
JNK India (NSEI:JNKINDIA)	23.8%	31.8%
Chalet Hotels (NSEI:CHALET)	13.1%	27.6%
Apollo Hospitals Enterprise (NSEI:APOLLOHOSP)	10.4%	33.2%

Click here to see the full list of 83 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

We'll examine a selection from our screener results.

Dixon Technologies (India)

Simply Wall St Growth Rating: ★★★★★★

Overview: Dixon Technologies (India) Limited offers electronic manufacturing services and has a market capitalization of approximately ₹69.04 billion.

Operations: The company's revenue is derived from several key segments: Home Appliances (₹12.05 billion), Security Systems (₹6.33 billion), Lighting Products (₹7.87 billion), Mobile & EMS Division (₹109.19 billion), and Consumer Electronics & Appliances (₹41.48 billion).

Insider Ownership: 24.9%

Earnings Growth Forecast: 33.5% p.a.

Dixon Technologies, a key player in India's electronics manufacturing sector, has demonstrated robust financial performance with a significant year-on-year increase in sales and net income as reported in its latest annual earnings. The company is poised for continued growth with revenue and earnings forecasted to expand significantly above the market average over the next three years. Despite lacking substantial insider buying recently, Dixon maintains high insider ownership which aligns management’s interests with shareholders. Recent strategic initiatives include a MOU with Acerpure India for manufacturing consumer appliances, enhancing its product portfolio and market presence.

NSEI:DIXON Ownership Breakdown as at Jun 2024

Info Edge (India)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Info Edge (India) Limited is an online classifieds company active in recruitment, matrimony, real estate, and education sectors with a market capitalization of approximately ₹823.70 billion.

Operations: The company generates revenue primarily through Recruitment Solutions and 99acres for Real Estate, contributing ₹18.80 billion and ₹3.51 billion respectively.

Insider Ownership: 37.9%

Earnings Growth Forecast: 24.3% p.a.

Info Edge (India) Limited, a firm with significant insider ownership, has shown promising growth prospects. Recently, the company reported a substantial year-over-year increase in revenue and net income for the fiscal year 2023-2024, indicating a strong recovery from previous losses. Despite this turnaround, its forecasted Return on Equity remains modest at 5.9% over three years. Moreover, while earnings are expected to grow by 24.3% annually—outpacing the Indian market—the dividend track record is unstable, suggesting potential concerns about the sustainability of payouts to shareholders.

NSEI:NAUKRI Earnings and Revenue Growth as at Jun 2024

Persistent Systems

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Persistent Systems Limited specializes in delivering software products, services, and technology solutions across India, North America, and other global markets, with a market capitalization of approximately ₹57.94 billion.

Operations: The company generates revenue from three primary segments: Healthcare & Life Sciences (₹20.88 billion), Software, Hi-Tech and Emerging Industries (₹45.95 billion), and Banking, Financial Services and Insurance (BFSI) at ₹31.39 billion.

Insider Ownership: 34.3%

Earnings Growth Forecast: 18.2% p.a.

Persistent Systems, a growth-oriented company with substantial insider ownership in India, is actively enhancing its technological offerings, as evidenced by the recent launch of GenAI Hub. This innovation underscores Persistent's commitment to integrating cutting-edge AI solutions within enterprise environments. Despite a solid year-over-year revenue and net income increase for FY 2023-24, executive turnover and a modest dividend yield of 0.66% reflect some operational challenges. However, the company's earnings are projected to grow at 18.2% annually, outperforming the broader Indian market forecast of 15.9%.

NSEI:PERSISTENT Earnings and Revenue Growth as at Jun 2024

Summing It All Up

Unlock more gems! Our Fast Growing Indian Companies With High Insider Ownership screener has unearthed 80 more companies for you to explore.Click here to unveil our expertly curated list of 83 Fast Growing Indian Companies With High Insider Ownership.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

Companies discussed in this article include NSEI:DIXON NSEI:NAUKRI and NSEI:PERSISTENT.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Top 10 Growth Companies With High Insider Ownership In India

Summing It All Up

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