6 Fastest Growing Stocks

In this article, we’ll explore 6 fastest-growing stocks of small-cap and micro-cap stocks that have the potential to generate massive wealth over the next 4–5 years. These companies have strong fundamentals and are poised for significant growth in the coming years.

1. Taken Vision Ventures Limited

Taken Vision Ventures Limited is an IT-enabled services company that provides software development and various other services. The company has seen impressive growth in its profits, with a jump from 4 crore in 2021 to 13 crore in 2022. While the company’s profit did not grow in 2023 due to a decline in operating profit margins, it is expected to bounce back with 14 crore in profits in 2024.

Taken Vision Ventures has delivered exceptional returns in the past, with 12,270% returns in 1 year, 1,734% in 5 years, and a staggering 233,593% since 2007. If someone had invested $10,000 in the company in 2007 and held it until now, their investment would be worth around $20–22 crore today. However, it’s important to note that such long-term holding may not be feasible for most investors.

The company’s return on capital employed and return on equity are excellent at 78% and 324%, respectively, and its debt levels are relatively low. The promoters also hold a strong 74.6% stake in the company. Investors can consider starting a position in Taken Vision Ventures, with the option to add more during any significant corrections in the stock price of 6 Fastest Growing Stocks.

2. Dhruvaa Capital Services: 6 Fastest Growing Stocks

Dhruvaa Capital Services is a non-banking financial company (NBFC) that was established in 1999. The company operates in the investment and financing business. Despite being a small company with a market cap of only 165 crore, Dhruvaa Capital Services has impressive financial metrics.

The company’s price-to-earnings ratio is a reasonable 32, indicating that it is not overvalued. Its return on capital employed and return on equity are both above 60%, and it has negligible debt on its books. The promoters hold a 54.2% stake in the company.

Dhruvaa Capital Services has delivered exceptional returns, with 5,914% multibagger returns in less than 5 years and 736% returns in the last year alone. Such remarkable returns are often seen in smaller companies, and this stock could continue to outperform in the coming years if the company’s profit growth remains strong.

3. Sky Gold Limited Fastest Growing Stocks

Sky Gold Limited is an excellent company that designs, manufactures, and markets gold jewelry. The company’s clients include prominent brands like Kalyan Jewelers, GRT Jewelers, and various other leading jewelry brands in India. Sky Gold Limited is also expanding its business to the USA.

The stock has been on a continuous upward circuit in the last few months, and sellers are scarce during such times, leading to limited order placement. Investors should wait for the stock to correct to around the 1,100 level, as it has spent a significant amount of time investing at those levels, providing a good opportunity for those who missed the earlier rally.

Sky Gold Limited got listed on the BSE in October 2018 and has since provided solid returns of 1,600% in 5 years and 464% in the last year. While the stock’s valuation is on the higher side, with a P/E ratio of around 50, its return on capital employed and return on equity are both above 15%. The company also has a manageable debt of around 310 crore, and the promoters hold a 61.3% stake.

4. Dana Controls Systems and Solutions Limited

Dana Controls Systems and Solutions Limited is another excellent company that I have covered previously. This experienced and long-standing company was established in 1995 and offers system integration, data center solutions, security and surveillance solutions, networking solutions, project management, and various other services.

The company has recently bagged several crore-worth contracts in the last few months, indicating its strong business prospects. This stock has the potential to generate excellent wealth in the coming 3–4 years.

The stock had hit a 52-week high of 1,468 in April, and it is currently trading around 19% lower from those levels. With a P/E ratio of 27, the stock is reasonably valued. The company’s return on capital employed and return on equity are an impressive 44% and 41%, respectively, and it has negligible debt on its books.

5. Shakti Pumps (India) Limited

Shakti Pumps (India) Limited is another stock that you can keep an eye on. The company’s business is quite robust, and the stock has more than doubled in the last 4 months. Those who were not aware of this stock can add it to their watchlist and consider investing a small amount during any corrections, as the stock has the potential to deliver substantial returns in the long run.

6. Icemake Refrigeration Limited: 6 Fastest Growing Stocks

Icemake Refrigeration Limited is a stock that I have been covering for the last year. The stock had been underperforming for the last 7-8 months, and many people were commenting that the stock was not doing well. However, I had advised holding the stock, as I believed in its long-term potential.

In the last one month, the stock has provided a return of 74%, and it is up 10% on the 24th of the month. Those who did not have this stock can track it, and consider investing during any corrections, as the stock has the potential to deliver excellent returns in the next 3–4 years.

CONCLUSION

Remember, before investing in any company, it is essential to do your own research and analysis. Invest only the amount you are comfortable with and according to your risk appetite. While these stocks have shown impressive growth, the market can be volatile, and past performance does not guarantee future results.