14 Fastest Growing Stocks in India
There are a lot of top companies that compete to be the best in every sector and overall. This competition ensures all of them bring their A-game which then results in them performing so well that their stocks end up growing significantly as well. So now we present to you a list of the fastest growing stocks in India.
1. Reliance Industries
This is not an unfamiliar name and there was no way it didn’t feature on this list. Reliance Industries is a business spread across various sectors like telecommunication, energy, mass media, petrochemicals, etc. And its stock is growing fast because of these numbers.
The PE of this share at 38.36 is more than good. Similarly, 3.64 PB also makes for good reading. The ROE of the company stands at 7.74% and its ROCE is 6.27%. The EPS (TTM) of the share is placed at 67.37 rupees. The company’s profit has grown by 3.37% recently.
2. Adani Green Energy
The name gives away the business, Adani Green Energy is in the business of producing renewable energy sources. They generate and distribute power that is obtained via the use of renewable sources. Their stock is growing fast due to the following numbers.
The PE of this share at 9973.95 is commendable. A 68.89 PB is too good to be true. The ROE of the company stands at 7.74% and its ROCE is 6.27%. The company has seen its profit grow by 171.64% which is surely huge.
3. Mahindra and Mahindra
A top automobile player, Mahindra, and Mahindra are in the business of manufacturing cars and tractors. The reasons for this company being on the list are reflected in the numbers below. This company’s stock is among the fastest growing stocks in India.
The company shares have 28.78 PE. 94 PB is yet another reason for the fast growth of the stock. The EPS (TTM) of the share stands at 44.30 rupees.
4. Hindustan Unilever
Be it home products, personal care products, food, beverages, etc. this top FMCG company is into all of it. So widespread is its business that there is a very low chance of you not coming across one of the company’s products in your daily life.
At 66.79 the PE of the share is nicely poised. 84 PB is surely something they can be proud of as well. The ROE of the company is 28.69% and ROCE is 38.22%. The EPS (TTM) is rupees 38.50. The company has seen a profit growth of 18.05% recently.
5. Indus Towers
First, on the list, we have one of the world’s largest telecom companies, Indus Towers. Across 22 telecom circles in India, this company has 1,86,474 towers and 3,36,382 co-locations. The following numbers are responsible for it being on this list.
In the last three years, the company’s sales CAGR has been 59.5% and its profit CAGR has been 62.8%. At 0.2 the company’s D/E ratio is very low. The company PE is at 10.1 and PB is at 2.4.
6. Tube Investments of India
Tube Investments of India is a leading engineering company in India that is a part of the Murugappa group. The company manufactures tubes and strips made of precision steel, automotive, industrial chains, bicycles, and frames of the doors of cars.
In the last three years, the company’s sales CAGR has been 29.5% and its profit CAGR has been 56.4%. At 0.3 the company’s D/E ratio is very low. The company PE is at 46.2 and PB is at 15.4. The company’s revenue recently was 6,359 crores and of it, 628 crores were the profit before tax.
Also Read: 10 Best Dividend Paying Stocks in India Today
7. UPL
This company is into sustainable agricultural solutions and claims to be the global leader in this segment. In its 5 years in this industry, the company has established its presence in 138 countries across the world. The company has 43 manufacturing and 18 R&D facilities.
In the last three years, the company’s sales CAGR has been 28.4% and its profit CAGR has been 40.2%. At 1 the company’s D/E ratio is more than okay. The company PE is at 11.6 and PB is at 2.6. The company’s profit grew by 19% as compared to the previous year. The company’s EBITDA for FY22 stands at 102 billion rupees.
8. Divis Laboratories
Headquartered in Hyderabad, this company is in the pharmaceutical business. The company produces pharmaceutical ingredients and intermediates the same. They also manufacture and custom synthesize generic APIs and intermediates as well.
In the last three years, the company’s sales CAGR has been 21.9% and its profit CAGR has been 29.8%. At 0 the company’s D/E ratio is admirable. A debt-free company is always a good choice to go with. The company PE is at 30.5 and PB is at 7.7. The company’s net income stands at 2,960 crores in FY22.
9. SRF
This company spreads across various sectors with its multiple businesses. The company is in the neurochemical business, specialty chemical business, packaging film business, technical textiles business, coated fabrics business, and laminated fabrics business.
In the last three years, the company’s sales CAGR has been 20.5% and its profit CAGR has been 47.3%. At 0.4 the company’s D/E ratio is very low. The company PE is at 38.1 and PB is at 9.1.
10. Varun Beverages
As the name says, the company is in the beverage industry. They produce and distribute a wide range of carbonated soft drinks as well as none carbonated beverages. They are also the largest franchisee of PepsiCo on the globe excluding the US. The company was formed in 1995 and is on the list because of the following numbers.
In the last three years, the company’s sales CAGR has been 20.4% and its profit CAGR has been 36%. At 0.8 the company’s D/E ratio is very low. The company PE is at 52.7 and PB is at 14.8.
11. JSW Steel
One of the businesses of the JSW group, JSW Steel is more or less the flagship business of the company. The company is India’s leading integrated steel company and has also been touted as a great place to work. The company has a strategic partnership with the global leader, JFE Steel, which is one reason why the company is performing so well.
In the last three years, the company’s sales CAGR has been 20% and its profit CAGR has been 38.4%. At 1 the company’s D/E ratio is more than decent. The company PE is at 10.8 and PB is at 2.5.
12. Trent
This company is a part of the TATA group and so naturally it had to be on this list. The company has various avenues that it functions in. Westside, its flagship concept, looks after the branded wearables, decor, and other items. Other than that, it also exists in fashion, supermarket, and family entertainment spaces.
In the last three years, the company’s sales CAGR has been 19.7% and its profit CAGR has been 24.2% for the last five years. At 0.2 the company’s D/E ratio is very low. The company PE is at 224 and PB is at 20.9.
Also Read: Top 50 Small Cap Stocks List
13. L&T Infotech
This company is in the business of global technology consultancy and digital solutions. A subsidiary of Larsen & Toubro Limited, this company was founded in 1997 and runs operations in 33 countries. The company has 495 clients and a workforce of 46,000 employees, but the numbers that make it a fast-growing company are.
In the last three years, the company’s sales CAGR has been 18.4% and its profit CAGR has been 14.9%. At 0 the company’s D/E ratio is nonexistent and that is one great thing about it. The company PE is at 31.3 and PB is at 8.6.
14. Bajaj Finserv
The company is in the financing business and is a non-banking financial service company. They usually lend money, manage assets and wealth, and are in the insurance business. The company was founded in 2007, and it posted an eye-watering sum of 8,313 crores as net profit in 2022. The company also has a whole list of subsidiaries to itself.
In the last three years, the company’s sales CAGR has been 17.1% and its profit CAGR has been 15.7%. The company revenue stood at 68,438 crores in 2022 and operating income stood at 11,270 crores. The company PE is at 29.1 and PB is at 6.6.
The companies mentioned in this list of fastest growing stocks in India have great PE, great PB, increased profits, strong EPS, good sales and profit CAGR, etc. This is exactly what separates the average and the best. To grow fast you make sales, you make profits and post good numbers and that is exactly what these companies have done. If you have some extra cash, then you might want to look into investing some amount into a few of the companies mentioned above. Invest before you risk missing out on profits but first do your research and remember not to go after one company and aim for a diversified portfolio.
