Insider-Owned Growth Leaders On The Indian Exchange In May 2024

Over the past year, the Indian market has experienced substantial growth, rising 43%, despite remaining flat in the most recent week. In this context, companies with high insider ownership can be particularly compelling as they often signal strong confidence from those closest to the business, aligning well with a market that shows promising earnings growth forecasts.

Top 10 Growth Companies With High Insider Ownership In India

Name	Insider Ownership	Earnings Growth
Archean Chemical Industries (NSEI:ACI)	22.9%	28.1%
Pitti Engineering (BSE:513519)	33.6%	28.0%
Rajratan Global Wire (BSE:517522)	19.8%	33.5%
Dixon Technologies (India) (NSEI:DIXON)	24.9%	27.9%
Happiest Minds Technologies (NSEI:HAPPSTMNDS)	38%	22.9%
Jupiter Wagons (NSEI:JWL)	11.1%	27.2%
Paisalo Digital (BSE:532900)	16.3%	23.8%
MTAR Technologies (NSEI:MTARTECH)	38.4%	46.2%
Pricol (NSEI:PRICOLLTD)	25.5%	26.9%
Apollo Hospitals Enterprise (NSEI:APOLLOHOSP)	10.4%	35.5%

Click here to see the full list of 78 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

Let's review some notable picks from our screened stocks.

AU Small Finance Bank

Simply Wall St Growth Rating: ★★★★★☆

Overview: AU Small Finance Bank Limited operates in India, offering a range of banking and financial services, with a market capitalization of approximately ₹481.51 billion.

Operations: The bank's revenue is primarily derived from Retail Banking (₹91.18 billion), followed by Treasury (₹17.04 billion) and Wholesale Banking (₹11.61 billion).

Insider Ownership: 24.3%

AU Small Finance Bank, a growth-oriented entity with significant insider ownership, has demonstrated robust financial performance with a notable increase in net income to INR 15.35 billion this fiscal year from INR 14.28 billion last year. Despite recent regulatory challenges including minor penalties for procedural lapses, the bank maintains strong revenue growth projections at 24.8% annually, outpacing the Indian market average of 9.4%. However, its forecasted Return on Equity is relatively low at 16.9%, suggesting potential areas for efficiency improvement amidst its aggressive expansion strategies.

• Get an in-depth perspective on AU Small Finance Bank's performance by reading our analyst estimates report here.

• According our valuation report, there's an indication that AU Small Finance Bank's share price might be on the expensive side.

NSEI:AUBANK Earnings and Revenue Growth as at May 2024

Persistent Systems

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Persistent Systems Limited is a global company that offers software products, services, and technology solutions across India, North America, and other international markets, with a market capitalization of approximately ₹536.16 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%

Persistent Systems, a key player in India's tech sector, has shown consistent financial growth with earnings increasing by 27% annually over the past five years. Forecasted revenue and earnings growth are expected to outpace the Indian market at 13.2% and 17.92% respectively. Despite this, earnings growth is not deemed significantly high as it remains below the 20% threshold. The company maintains a modest dividend yield of 0.71%. Recently, Persistent Systems faced minor regulatory issues in its Netherlands branch with no significant impact on operations but showcased proactive engagement through its conference presentations and innovative product launches like iAURA to enhance AI-driven business solutions.

• Navigate through the intricacies of Persistent Systems with our comprehensive analyst estimates report here.

• In light of our recent valuation report, it seems possible that Persistent Systems is trading beyond its estimated value.

NSEI:PERSISTENT Earnings and Revenue Growth as at May 2024

Titagarh Rail Systems

Simply Wall St Growth Rating: ★★★★★☆

Overview: Titagarh Rail Systems Limited is a company based in India that specializes in manufacturing and selling freight and passenger rail systems both domestically and internationally, with a market capitalization of approximately ₹188.45 billion.

Operations: Titagarh Rail Systems generates revenue through two primary segments: Passenger Rail Systems at ₹4.36 billion and Freight Rail Systems, which includes shipbuilding, bridges, and defense, at ₹34.18 billion.

Insider Ownership: 24.3%

Titagarh Rail Systems, a prominent entity in India's rail industry, reported a substantial year-over-year increase in annual revenue to INR 38.93 billion and net income to INR 2.86 billion as of March 2024. This growth is supported by high insider ownership and strategic leadership changes, including the elevation of Shri Prithish Chowdhary to Deputy Managing Director, enhancing business development across its verticals. Despite this positive trajectory, shareholder dilution occurred over the past year, and the forecasted Return on Equity remains modest at 19.2%.

• Unlock comprehensive insights into our analysis of Titagarh Rail Systems stock in this growth report.

• The analysis detailed in our Titagarh Rail Systems valuation report hints at an inflated share price compared to its estimated value.

NSEI:TITAGARH Ownership Breakdown as at May 2024

Seize The Opportunity

• Unlock more gems! Our Fast Growing Indian Companies With High Insider Ownership screener has unearthed 75 more companies for you to explore.Click here to unveil our expertly curated list of 78 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:AUBANKNSEI:PERSISTENT and NSEI:TITAGARH

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