In the past year, India’s market has seen a significant upswing, rising by 45%, although it remained flat over the last week. Companies with high insider ownership are particularly appealing as they often indicate confidence from those most familiar with the company’s inner workings.
Here are the top 10 growth companies with high insider ownership in India:
1. Archean Chemical Industries (NSEI:ACI) – Insider Ownership: 22.9%, Earnings Growth: 28.9%
2. Pitti Engineering (BSE:513519) – Insider Ownership: 30.3%, Earnings Growth: 28.0%
3. Kirloskar Pneumatic (BSE:505283) – Insider Ownership: 30.6%, Earnings Growth: 29.8%
4. Shivalik Bimetal Controls (BSE:513097) – Insider Ownership: 19.5%, Earnings Growth: 28.7%
5. Jupiter Wagons (NSEI:JWL) – Insider Ownership: 10.8%, Earnings Growth: 27.2%
6. Rajratan Global Wire (BSE:517522) – Insider Ownership: 19.8%, Earnings Growth: 33.5%
7. Dixon Technologies (India) (NSEI:DIXON) – Insider Ownership: 24.9%, Earnings Growth: 34.5%
8. Paisalo Digital (BSE:532900) – Insider Ownership: 16.3%, Earnings Growth: 23.8%
9. JNK India (NSEI:JNKINDIA) – Insider Ownership: 23.8%, Earnings Growth: 31.8%
10. Pricol (NSEI:PRICOLLTD) – Insider Ownership: 25.5%, Earnings Growth: 26.9%
Hi-Tech Pipes Limited is one of our favorites with a growth rating of ★★★★★☆. The company produces steel products for various sectors and has an insider ownership of 39%. Their revenue growth forecast is 25.3% per annum.
Although Hi-Tech Pipes has shown robust growth prospects, concerns arise regarding their financial health. Investors should be cautious as interest payments are poorly covered by earnings and shareholders have experienced dilution over the past year. This mixed financial health is crucial for investors focusing on growth companies with high insider ownership in India.
Remember, this article is general in nature and not financial advice. Make sure to do your own research and consult with a financial advisor before making any investment decisions.