14 Fastest Growing Stocks in India

Growth is one big part of our lives. We grow spiritually, we grow in experience and we grow as people. Similarly, a company mostly comes into existence on a small scale, and from there it expands its business. The organization builds a loyal customer/customer base, earns goodwill and establishes its name. Some investors are lucky enough to identify a great company in its early stage and invest in it to earn outstanding returns. In this article, we cover the fastest growing stocks in India for you to invest in. Make your move before it’s too late.

14 Fastest Growing Stocks in India

There are many top companies competing to be the best in each sector and overall. This competition ensures that all of them bring their A-game which then leads them to perform so well that their stocks end up growing significantly as well. So now we present you a list of fastest growing stocks in India.

1. Reliance Industries

 

 

It’s not an unknown name and there was no way it wasn’t on this list. Reliance Industries is a business spread across various sectors such as telecommunication, energy, mass media , petrochemicals, etc. And its stock is growing rapidly because of these numbers.

  • The Pv of this stock 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 stock is placed at 67.37 rupees.
  • The company’s profit recently grew by 3.37%.

2. Adani Green Energy

 

The name gives the business away, Adani Green Energy is engaged in the production of renewable energy sources . They generate and distribute power obtained through the use of renewable sources. Their inventory is growing rapidly due to the following numbers.

  • The Pv of this stock 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 saw its profit grow by 171.64%, which is certainly huge.

3. Mahindra & Mahindra

 

A top car player, Mahindra, and Mahindra is engaged in the production of cars and tractors . The reasons why this company is on the list are reflected in the numbers below. This company’s stock is one of the fastest growing stocks in India.

  • The company’s shares have 28.78 PE.
  • 94 PB is another reason for the rapid growth of the stock.
  • The EPS (TTM) of the stock stands at 44.30 rupees.
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4. Hindustan Unilever

 

Be it home products, personal care products, food, beverages, etc. This top FMCG company is into everything. Its businessis so wydverspreidthat the chances are very small that you will not come across one of the company’s products in your daily life.

  • At 66.79, the Pv of the share is nicely balanced.
  • 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 recently saw a profit growth of 18.05%.

5. Indus Towers

 

First, on the list, we have one of the world’s largest telecommunication 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 being on this list.

  • In the last three years, the company’s sales CAGR was 59.5% and its profit CAGR was 62.8%.
  • At 0.2, the company’s P/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 part of the Murugappa Group. The company manufactures tubes and strips made of precision steel , automotive, industrial chains, bicycles and car door frames.

  • In the last three years, the company’s sales CAGR was 29.5% and its profit CAGR was 56.4%.
  • At 0.3, the company’s P/E ratio is very low.
  • The company PE is at 46.2 and PB is at 15.4.
  • The company’s revenue was recently 6,359 crores and of that 628 crores was the profit before tax .

 

7. UPL

 

 

This company is into sustainable agriculture solutions and claims to be the world leader in this segment. In its 5 years in this industry, the company has established its presence in 138 countries around the world. The company has 43 manufacturing and 18 R&D facilities.

  • In the last three years, the company’s sales CAGR was 28.4% and its profit CAGR was 40.2%.
  • At 1, the company’s D/E ratio is more than good.
  • The company PE is at 11.6 and PB is at 2.6.
  • The company’s profit grew by 19% 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 alike. They also manufacture and custom synthesize generic APIs and intermediates.

  • In the last three years, the company’s sales CAGR was 21.9% and its profit CAGR was 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.
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9. SRF

 

This company spreads across various sectors with its multiple businesses. The company is in the neurochemical business, special chemical business , packaging film business, technical textile business, coated material business, and laminated material business.

  • In the last three years, the company’s sales CAGR was 20.5% and its profit CAGR was 47.3%.
  • At 0.4, the company’s P/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 non-carbonated drinks. They are also the largest franchisee of PepsiCo in the world, excluding the USA. The company was founded in 1995 and is on the list because of the following numbers.

  • In the last three years, the company’s sales CAGR was 20.4% and its profit CAGR was 36%.
  • At 0.8, the company’s P/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 world leader, JFE Steel, which is one reason why the company is performing so well.

  • In the last three years, the company’s sales CAGR was 20% and its profit CAGR was 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 therefore it naturally had to be on this list. The company has several avenues in which it operates. Westside, its flagship concept, looks after the wearable brands , 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 was 19.7% and its profit CAGR was 24.2% for the last five years.
  • At 0.2, the company’s P/E ratio is very low.
  • The company PE is at 224 and PB is at 20.9.
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13. L&T Infotech

 

This company is in the business of global technology consulting and digital solutions. A subsidiary of Larsen & Toubro Limited, this company was founded in 1997 and operates 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 was 18.4% and its profit CAGR was 14.9%.
  • At 0, the company’s D/E ratio is non-existent and that’s one big 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-bank financial service company. They usually lend money, manage assets and wealth and are in the insurance business. The company was established in 2007 and achieved an eye-watering sum of 8,313 crores as net profit in 2022 . The company also has a whole list of subsidiaries for itself.

  • In the last three years, the company’s sales CAGR was 17.1% and its profit CAGR was 15.7%.
  • The company’s revenue stood at 68,438 crores and operating income at 11,270 crores in 2022.
  • 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 large PE, large 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 profit and post good numbers and that’s exactly what these companies did.

If you have some extra cash, you might want to look into investing a sum in some of the companies mentioned above. Invest before you risk missing out on profits, but do your research first and remember not to go for one company and aim for a diversified portfolio.

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