Investing in FMCG penny stocks in India can turn out to be a rewarding affair if you invest in a stock that boosts up. The fast-moving consumer goods encompasses companies that produce and distribute essential household goods.
As of today, many FMCG companies are doing great innovations and creating history with unique offerings. For instance, the yoga bar is a mixed dry fruit bar that is a healthier alternative to chocolate bars.
Several big companies have established networks that are trading at very high prices. Several companies listed on the stock exchange have a chance to grow just like these big giants.
FMCG penny stocks are shares of consumer goods companies trading at a low price, often under Rs 15-50 each. These stocks are from smaller or mid-sized companies with strong potential for growth that may have been overlooked by prominent investors.
In this article, let's explore some of the top FMCG penny stocks to consider for 2024.
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Mishtann Foods Ltd is into processing and manufacturing staple grains like rice and wheat. The company has a variety of rice under premium brands like Snowflake and Pristino, mid-range options such as Jasper, and budget-friendly choices like Rozana.
Between FY22 and FY24, Mishtann's revenue increased by 158% due to strong product demand and expansion into salt products. In December 2021, the company also embarked on a venture to build a grain-based ethanol production facility in Gujarat.
HMA Agro Industries Limited operates as a prominent food trading company in India and specialises in frozen buffalo meat, various frozen fruits and vegetables, and cereals.
It contributes 10% of the total export of frozen buffalo meat. The company operates four fully integrated meat processing plants located in Aligarh, Mohali, Agra, and Parbhani. Recently, the company has expanded its offerings in frozen fish products, basmati rice, poultry, and other agricultural goods.
They are known for production of button mushrooms and a range of other agro-based products. The company deals in various edible mushrooms like button, shiitake, milky, and oyster mushrooms.
Saptarishi Agro also trades in a selection of exotic vegetables such as cherry tomatoes, broccoli, red cabbage, leek, parsley, and celery.
The company is focused on developing a comprehensive business value chain for its mushroom and exotic horticulture produce.
Anjani foods is in the production and sale of bakery products and is a key player in the Anjani Vishnu group. They operate as a bakery retailer and distributor that produces cookies, cakes, and breads.
Anjani Foods markets its products under the brand 'Fresh Choice,' which includes 18 company-owned retail stores that offer a variety of baked goods, desserts, cakes, and beverages.
They are a manufacturer of plant-based extracts and natural ingredients for the global food, beverage, animal nutrition, and nutraceutical industries.
The company actively develops new products such as soluble teas and spice extracts and has recently entered the natural cosmetics and nutraceutical markets.
Bikaji Foods is one of India's largest producers of traditional snacks and sweets. It has products like bhujia, namkeen, papad, packaged sweets, frozen foods, and ready-to-eat snacks.
The company has a presence across retail chains and e-commerce platforms and exports its products to over 35 countries.
Bambino Agro is into vermicelli and pasta products in India. They have also diversified into FMCG products like ready-to-cook breakfast items, instant mixes, soups, sauces, and pickles.
It also caters to institutional buyers, including hotels, restaurants, and caterers and targets retail consumers with value-added products like whole-wheat vermicelli and gluten-free pasta.
They are into the production of yeast and yeast-derived products for the food, pharmaceutical, and brewing industries.
Its products include baker’s yeast, active dry yeast, and instant yeast. With an increasing focus on health-conscious markets, they are expanding their presence in the organic food ingredient sector.
Apis India is a leading player in honey production. It offers pure, raw, and flavoured honey, as well as natural food products like dates, vinegar, green tea, jam, and preserves.
The company has a strong domestic presence and exports its products to Europe, the Middle East, and the USA.
Umang Dairies is part of the JK Group and operates in the dairy products sector. Their products include milk powders, dairy whiteners, and fresh dairy products.
Umang Dairies is expanding its presence in export markets and aims to tap into the increasing demand for value-added dairy products in India.
Here is a list of the top 10 FMCG companies that also have the potential to grow further in the stock market. These companies have a high promoter holding which shows that we can expect a good performance from these companies.
|
S.No
|
Name
|
P/E Ratio
|
Market Cap
|
Quarterly Net Profit
|
ROCE%
|
Promoter Holding
|
|
1
|
HMA Agro Inds.
|
40.71
|
2173.38
|
0.73
|
14.03
|
83.61
|
|
2
|
Gopal Snacks
|
59.4
|
5772.64
|
28.89
|
32
|
81.49
|
|
3
|
Anjani Foods
|
67.23
|
102.86
|
0.3
|
12.58
|
75
|
|
4
|
AVT Natural Prod
|
24.24
|
1233.71
|
5.96
|
15.93
|
75
|
|
5
|
Saptarishi Agro
|
72.31
|
151.13
|
0.07
|
29.63
|
74.98
|
|
6
|
Bikaji Foods
|
72.56
|
20828.91
|
60.55
|
29.65
|
74.98
|
|
7
|
Bambino Agro Ind
|
26.2
|
292.6
|
3.41
|
13.13
|
74.96
|
|
8
|
Kothari Ferment.
|
|
161.85
|
1.1
|
-0.4
|
74.91
|
|
9
|
Apis India
|
5.09
|
147.15
|
5.27
|
16.59
|
74.72
|
|
10
|
Umang Dairies
|
50.11
|
191.94
|
0.02
|
7.17
|
74.61
|
Conclusion
Investing in top FMCG penny stocks in India for 2024 offers an opportunity for great returns but comes with high risk. You should thoroughly research and understand the risks before committing funds to any of the above-mentioned companies.
A disciplined investment approach and effective portfolio management are necessary to leverage the growth opportunities of these stocks.
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