Yahoo Finance Value-Adding Growth Stocks To Buy Now
Investors seeking to increase their exposure to growth should consider companies such as Minda and Action Construction Equipment. Analysts are generally optimistic about the future of these stocks, based on how much they’re expected to earn and return. If a buoyant growth prospect is what you’re after in your next investment, I’ve put together a list of high-growth stocks you may be interested in, based on the latest financial data from each company.
Minda Corporation Limited (NSEI:MINDACORP)
Minda Corporation Limited manufactures and sells mechanical and electronic security systems, electronic controllers, and die casting parts to the automobile original equipment manufacturers and consumer durable industries in India. Established in 1958, and currently lead by Sudhir Kashyap, the company now has 15,600 employees and with the company’s market capitalisation at INR ₹43.07B, we can put it in the large-cap stocks category.
MINDACORP is expected to deliver an extremely high earnings growth over the next couple of years of 31.50%, driven by a positive double-digit revenue growth of 14.82% and cost-cutting initiatives. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 23.02%. MINDACORP ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Considering MINDACORP as a potential investment? I recommend researching its fundamentals here.
Action Construction Equipment Limited (BSE:532762)
Action Construction Equipment Limited manufactures and supplies material handling and construction equipment in India. Action Construction Equipment was started in 1995 and with the company’s market capitalisation at INR ₹20.02B, we can put it in the large-cap category.
An outstanding 29.73% earnings growth is forecasted for 532762, driven by an underlying sales growth of 30.80% over the next few years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 21.49%. 532762’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Want to know more about 532762? Take a look at its other fundamentals here.
Avenue Supermarts Limited (BSE:540376)
Avenue Supermarts Limited engages in the business of organized retail and operates supermarkets under the brand name of D-Mart. Avenue Supermarts was started in 2000 and with the stock’s market cap sitting at INR ₹934.54B, it comes under the large-cap group.
540376’s forecasted bottom line growth is an optimistic double-digit 22.41%, driven by the underlying 63.56% sales growth over the next few years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 24.05%. 540376’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Thinking of investing in 540376? Take a look at its other fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
