Top 5 companies anticipating over 15% revenue growth

livemint.com:

Indian share markets have experienced notable volatility since the year began, characterized by significant fluctuations. This volatility largely stems from high valuations in the small and mid-cap segments, triggering profit-taking sessions amid global economic concerns. Despite these fluctuations, investor optimism remains strong, buoyed by positive macroeconomic indicators like inflation and GST collections.

Investors on the lookout for opportunities are focusing on companies predicted to experience double-digit growth in the near term. With this context, we delve into the top five companies expected to see over 15% revenue growth shortly. Topping our list is PI Industries, a leader in the agrochemical sector, known for its extensive range of insecticides, fungicides, herbicides, and specialty products used globally in agriculture.

With over five decades of experience, PI Industries stands out as a premier producer of generic molecules in India and operates across more than 30 countries. Its vast network includes 10,000 dealers/distributors and over 100,000 retailers nationwide. The company is expanding its product range and entering new markets to meet the growing demand for agrochemicals.

This expansion includes significant investment in existing products, with over ₹1 billion spent in the nine months ending December 2023 and an expected annual capex of ₹6-8 billion aimed at organic growth. These strategic efforts are set to boost PI Industries' financial outcomes in the future. From 2019 to 2023, PI Industries enjoyed a 5-year CAGR of 23.2% in sales and 27.3% in net profit, with average RoE and RoCE exceeding 17.8% and 21.9%, respectively.