Growth investing focuses on investing in companies which are growing rapidly. Companies from sectors like Bio-technology and IT generally grow faster than other companies. These stocks are expected to grow faster than the average growth of the market. They can also lead to massive wealth creation over time.  High Growth Stocks in India are valued at a premium because they provide higher returns than their peers.

A company with constantly increasing revenue growth, EBITDA margin, PAT Margin and consistent return ratios is considered to be an appropriate one to invest in. The above characters are generally present in High Growth stocks.


  • 5Y Revenue CAGR – The stocks with an Revenue CAGR of more than 15% for the past 5 years.
  • Debt/Equity Ratio – The Stocks with a Debt/equity ratio of less than 1.
  • 5Y Avg. EBITDA Margin – The stocks with more than 15% of Average EBITDA Margin for the past 5 years.
  • 5Y Avg. RoE – The stocks with more than 15% of Average Return on Equity for the past 5 years.
  • 5Y Avg. Net Profit Margin – The stocks with more than 15% of Average Net Profit Margin for the past 5 years

Top 10 High Growth Stocks in India:

  • Affle (India) Ltd – Affle India is a technology company with a proprietary
    consumer intelligence platform which has achieved a 44% revenue CAGR
    and 67% PAT CAGR over FY19-21. It has ~2.2 Bn connected devices and its
    converted users have grown at 38% CAGR over FY19-21 to ~105 mn.
  • Caplin Point Labs. Ltd – The company is engaged in the manufacturing
    and sourcing of APIs, finished formulations, R&D, clinical research with
    presence in Latin America, USA and other nations. Presently, the company
    has a very wide portfolio of pharma products with 4,000+ registered
    products, 650+ formulations and presence in 26 therapeutic segments.
  • Sona BLW Precision Forgings Ltd – It is one of India’s leading automotive
    technology companies which designs, manufactures and supplies highly
    engineered, mission critical automotive components and it is one of the
    largest exporters of starter motors from India. Currently 14% of the
    company’s revenue mix is contributed by BEVs and ~27% by Micro Hybrid/
  • Clean Science and Tech. Ltd – The company manufactures functionally
    critical Speciality Chemicals, Pharmaceutical Intermediates and FMCG
    Chemicals. The differentiation in the process manufacturing between
    Clean science and peers assisted company to offer products at
    competitive price and thereby helped it gain meaningful market share
    across its product portfolio.
  • Gland Pharma Ltd – Established in Hyderabad, India in 1978, Gland
    Pharma has grown over the years from a contract manufacturer of small
    volume liquid parenteral products, to become one of the largest and
    fastest growing injectable-focused companies, with a global footprint
    across 60 countries.
  • HCL Technologies Ltd – With a turnover of Rs. 75,379.0 crore in FY2021,
    HCL Tech operates in all the key markets worldwide through a network of
    global offices. In line with the industry trends, the US remains the largest
    revenue driver at more than 60% in terms of geographical mix.
  • PI Industries Ltd – It is a leading player in the domestic agricultural
    inputs sector, primarily dealing in agrochemicals and plant nutrients. In the
    CSM exports segment, its business interests include dealing in custom
    synthesis and contract manufacturing of chemicals.
  • Syngene International Ltd – Syngene is one of India’s leading CRAMS
    Organisation. The company offers research services in medicinal chemistry
    and biology in early stages of drug discovery, through process
    development and contract manufacturing of bio-therapeutics for human
  • Thyrocare technologies Ltd. – Thyrocare Technologies Ltd
    (Thyrocare) is India’s first fully automated diagnostic laboratory with a
    focus on providing quality at affordable costs to laboratories and hospitals
    in India and other countries.
  • Natco Pharma Ltd – It has emerged as an established pharmaceutical
    company with a presence in formulations and APIs in both domestic and
    export markets. The company owns eight manufacturing facilities and
    Natco Research Centre for R&D in Hyderabad.

Read our other research reports on “Top 10 Fundamentally Strong Stocks in India ”