Three Indian Growth Stocks With At Least 34% Insider Ownership

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

25 June 2024 at 9:03 pm·4-min read

In the last week, the Indian market has remained steady, while it has shown a significant increase of 46% over the past year with earnings expected to grow by 16% annually. In this context, stocks with high insider ownership can be particularly interesting as they often indicate that those who know the company best are confident in its future prospects.

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%
Aether Industries (NSEI:AETHER)	31.1%	39.8%

Click here to see the full list of 84 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

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

Astral

Simply Wall St Growth Rating: ★★★★★☆

Overview: Astral Limited operates in the manufacturing and marketing of pipes, water tanks, and adhesives and sealants both in India and internationally, with a market capitalization of approximately ₹640.80 billion.

Operations: The company generates revenue primarily through its plumbing and paints and adhesives segments, with earnings of ₹41.42 billion and ₹14.99 billion respectively.

Insider Ownership: 39.4%

Astral Limited, a growth-focused company with substantial insider ownership in India, has demonstrated consistent financial performance with a notable increase in sales and revenue for the fiscal year ending March 2024. Despite a slight dip in net income and earnings per share in the fourth quarter compared to the previous year, annual figures show significant improvement. The company's robust forecast includes an expected high return on equity and earnings growth projected at 23% annually over the next three years, outpacing market averages. This performance is underpinned by recent affirmations of dividends, underscoring confidence from management despite no major insider buying recently.

NSEI:ASTRAL Ownership Breakdown as at Jun 2024

Info Edge (India)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Info Edge (India) Limited is an online classifieds company operating in recruitment, matrimony, real estate, and education sectors both in India and internationally, with a market capitalization of approximately ₹857.75 billion.

Operations: The company generates revenue primarily from recruitment solutions and real estate, with ₹18.80 billion from the former and ₹3.51 billion from the latter.

Insider Ownership: 37.9%

Info Edge (India) Limited, a company with notable insider ownership, has shown promising growth with a substantial increase in revenue and net income for the fiscal year ended March 2024. The firm recently announced a dividend, reflecting confidence despite past volatility in payouts. Upcoming earnings are expected to grow significantly, outpacing the Indian market's average. However, concerns include regulatory challenges such as a recent GST-related penalty. Insider transactions have been balanced with no significant buying or selling reported recently.

NSEI:NAUKRI Earnings and Revenue Growth as at Jun 2024

Persistent Systems

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Persistent Systems Limited is a global company engaged in providing software products, services, and technology solutions, with a market capitalization of approximately ₹583.81 billion.

Operations: The company generates its 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%

Persistent Systems, while not the fastest-growing among Indian tech firms, still presents a solid case with its insider ownership dynamics. Its earnings are expected to grow by 18.18% annually, outpacing the broader Indian market's growth rate. The company maintains a reliable dividend yield of 0.65%, reflecting stable financial health amid recent executive changes and innovative product launches like the GenAI Hub. These factors collectively underscore Persistent's potential in leveraging insider commitment towards sustained growth and innovation in technology solutions.

NSEI:PERSISTENT Ownership Breakdown as at Jun 2024

Where To Now?

Click through to start exploring the rest of the 81 Fast Growing Indian Companies With High Insider Ownership now.
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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:ASTRALNSEI:NAUKRINSEI:PERSISTENT and

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

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