High Growth Tech Stocks In India Featuring Cyient DLM And 2 More #IndiaFinance

Over the last 7 days, the Indian market has remained flat, although it is up 45% over the past year and earnings are expected to grow by 17% per annum over the next few years. In this dynamic environment, identifying high growth tech stocks such as Cyient DLM and others can be crucial for investors looking to capitalize on India’s robust economic trajectory.

Top 10 High Growth Tech Companies In India

Click here to see the full list of 38 stocks from our Indian High Growth Tech and AI Stocks screener.

We’re going to check out a few of the best picks from our screener tool.

Simply Wall St Growth Rating: ★★★★★☆

Overview: Cyient DLM Limited offers electronic manufacturing solutions both in India and internationally, with a market cap of ₹59.74 billion.

Operations: Specializing in electronic manufacturing solutions, Cyient DLM Limited generated a revenue of ₹12.33 billion from this segment. The company operates both domestically and internationally, leveraging its expertise to serve a diverse client base.

Cyient DLM’s earnings are projected to grow at an impressive 37.8% annually, significantly outpacing the Indian market’s 17% forecast. Their revenue is expected to rise by 23.1% per year, driven by strategic contracts like the recent Boeing deal for the 787 Dreamliner’s Battery Diode Module production. The company’s R&D expenses of ₹2 billion underscore a commitment to innovation in aerospace and defense sectors, positioning them well within India’s high-growth tech landscape.

Simply Wall St Growth Rating: ★★★★★★

Overview: C. E. Info Systems Limited offers digital mapping, geospatial software, and location-based Internet of Things (IoT) technology solutions in India, with a market cap of ₹113.83 billion.

Operations: The company generates revenue primarily from its Map Data and Map Data Related Services, including GPS Navigation, Location-Based Services, and IoT solutions, amounting to ₹3.92 billion. The focus is on leveraging digital mapping and geospatial software for diverse applications in India.

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C. E. Info Systems, known for its MapmyIndia brand, is making strides in India’s tech landscape with a projected revenue growth of 29.9% annually, significantly outpacing the market’s 10%. Recent developments include the launch of ClarityX, an AI-driven data analytics and consulting arm that enhances their enterprise offerings. The company’s R&D expenses stand at ₹1 billion, reflecting a solid commitment to innovation in geospatial software and IoT solutions. Additionally, earnings are forecasted to grow by 27% per year, positioning them well for future expansion.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nazara Technologies Limited operates a gaming and sports media platform in India and internationally, with a market cap of ₹72.06 billion.

Operations: The company generates revenue primarily from three segments: Gaming (₹3.90 billion), E-Sports (₹6.46 billion), and AD Tech Business (₹1.02 billion). The E-Sports segment is the largest contributor to its revenue streams.

Nazara Technologies, a prominent player in India’s gaming and entertainment sector, is forecasted to achieve annual revenue growth of 17.7%, surpassing the broader market’s 10% pace. With a notable earnings growth rate of 24.4% per year, Nazara’s commitment to innovation is evident through its R&D expenses that stand at ₹1 billion. Recent strategic moves include seeking small tuck-in acquisitions and expanding internationally with subsidiaries in the UK and US, enhancing their global footprint and potential for future growth.

Make It Happen

• Dive into all 38 of the Indian High Growth Tech and AI Stocks we have identified here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NSEI:CYIENTDLM NSEI:MAPMYINDIA and NSEI:NAZARA.

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