Summary

To invest in shares is risky enough, it becomes all the more difficult if you don’t know in which company you want to invest. Investing in unlisted shares is the best option for investors who are patient and are not looking for instant profits. For those who are confused about which company to invest in, we bring to you a list of the 10 best unlisted shares to buy in 2024.

1. The National Stock Exchange (NSE)

National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Maharashtra. It is the world’s largest derivatives exchange in 2021 by number of contracts traded based on the statistics maintained by Futures Industry Association (FIA), a derivatives trade body. NSE is ranked 4th in the world in cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for the calendar year 2021.

Financials - The consolidated revenue from operations surged by an impressive 34% year-on-year, reaching Rs 4,625 crore. This growth reflects the robust performance of the NSE across its operations, including trading, listing, index services, data services, and co-location facility. For the financial year 2024, the NSE contributed Rs.43,514 crores to the exchequer, including Rs.34,381 crores from STT/CTT, Rs.3,275 crores from Income tax, Rs.2,833 crores from Stamp duty, Rs.1,868 crores from GST, and Rs.1,157 crores from SEBI charges. Notably, the NSE's STT accounted for 3.77% of the net personal Income Tax collections for the financial year 2023-24.

2. Tata Capital

Tata Capital Ltd is a prominent financial services company headquartered in Mumbai, India. As a subsidiary of the esteemed Tata Group, Tata Capital operates in various segments of the financial sector, providing comprehensive solutions to meet diverse customer needs. The company offers a wide range of services, including consumer finance, commercial finance, wealth management, asset management, and investment banking.

Tata Capital focuses on delivering innovative and tailored financial solutions, backed by a strong understanding of the Indian market. It caters to individuals, small and medium-sized enterprises (SMEs), and corporate clients, helping them achieve their financial goals and aspirations. Tata Capital's commitment to responsible lending and sustainable practices is reflected in its operations, ensuring transparency, ethical conduct, and long-term partnerships with its stakeholders. Through its extensive network and expertise, Tata Capital continues to play a significant role in empowering businesses and individuals in India's ever-evolving financial landscape.

Financials - In the last 3 years, the Revenue has increased with a CAGR of 10.6% . Earning per share has increased by 63% on a YoY basis. Net Profit has increased by 63.6% on YoY basis and with a CAGR of 30.1%. The Operating Profit Margin is 16.58%.

Shares are trading at high valuation.

3. HDB Financial Services Limited

HDB Financial Services Limited is a non-banking financial company that offers products and services such as consumer loans, digital products, auto refinance services, BPO services, life, and general insurance products, loans for new and used commercial vehicles, lending services, collection services and more. The company is a subsidiary company of HDFC Bank, HDFC owns 95.11% of shares in HDB Financial Services. It has 1500 branches spread across 24 states and runs 18 collection call centres with a capacity of approx 5,500 seats. It offers collection services for the retail lending products of HDFC Bank and even offers sales support, back office, operations, and processing support to HDFC Bank. HDB Financial Services Limited is accredited with CARE-AAA & CRISIL-AAA ratings for their long-term debt and bank facilities. They also have an A1+ rating for their short-term debt & commercial papers.

Financials - In the last two years, HDB Financial’s Revenue has grown with a CAGR rate of 7.1% and its EPS has grown by a CAGR rate of 51% during the same period. The Net Profit has increased with a CAGR rate of 51%.

4. Polymatech Electronics Pvt Ltd

Polymatech Electronics Private Limited (PEPL), a subsidiary of Japan’s Polymatech Company Ltd. which was established in 2007. Mr. Nandam, a graduate of BITS Pilani, is a key promoter of the company, while Mrs. Nandam, a commerce graduate, oversees its finance function. The CTO and board directors are Japanese nationals. PEPL produces LED semiconductor chips at its SIPCOT (State Industries Promotion Corporation) Hi-Tech SEZ (Special Economic Zone) facility in Oragadam Kancheepuram, Tamil Nadu.

Financials - In the last two years, Orbis Financial’s Operating Revenue has grown with a CAGR rate of 113.83% and its Operating Profit has grown by a CAGR rate of 101.99% during the same period. The Net Profit has increased with a CAGR rate of 103.34% and the Operating Profit Margin is 62.80%. Orbis Financial is available at an attractive valuation of 16.8x.

5. Orbis Financial

Orbis Financial has been a leading player in the financial services sector, offering securities services to high-net-worth individuals, corporations, and foreign and domestic investors. The company provides various futuristic services created and tailored to enable investors across segments to handle their investment activities effectively and securely.

Financials - In the last two years, Orbis Financial’s Operating Revenue has grown with a CAGR rate of 113.83% and its Operating Profit has grown by a CAGR rate of 101.99% during the same period. The Net Profit has increased with a CAGR rate of 103.34% and the Operating Profit Margin is 62.80%. Orbis Financial is available at an attractive valuation of 16.8x.

6. Vikram Solar Limited

Vikram solar Limited, established in 2006 by Gyanesh Chaudhary and headquartered in Kolkata, has carved out a prominent position as one of India’s leading solar PV module manufacturers. Globally, the company is esteemed for its comprehensive range of integrated solar solutions, distinguishing itself in a fiercely competitive market.

They offer end-to-end solar solutions comprising PV modules, Engineering, Procurement and Construction (EPC) as well as Operations and Maintenance (O&M) services.

Financials -Vikram Solar has exhibited a 20% growth in net sales, achieving a compound annual growth rate (CAGR) of 1.7% over the period from 2019 to 2023. Additionally, there has been a remarkable 123% year-over-year (YOY) surge in the company’s total profit and earnings per share (EPS).

7. OYO

Oravel Stays Limited owns and operates the popular hospitality start-up called the OYO Rooms. OYO is a global platform that enables people to find and book affordable and trusted accommodation that is stacked with facilities and technologies to make their customers feel at home and ease their operations. Oyo Rooms provide its customers with facilities such as air-conditioned rooms, breakfast, WiFi, washroom, cable television, spotless linen, and more. Since its incorporation, the company focuses on tackling the key pain points of both the patrons (hospitality owners, lessors, and operators of storefronts listed on the platform) as well as their customers and resolving them to give a smooth experience to everyone. This unique business model helps patrons to figure out and transform the unbranded and under-utilized hospitality assets into branded ones and generate higher revenue by offering customers access to high-quality accommodations at compelling prices.

Financials - In Financial year 2022-23, consolidated revenue from operations is INR 5463.9 Cr. against INR 4781.36 Cr. during Financial year 2021-22. The Company’s consolidated adjusted EBITDA improved significantly to INR 277.74
Cr. for the Financial year 2022-23 as against INR (471.25) Cr. in the Financial year 2021-22. This was led by demand recovery resulting in revenue growth, improved gross margin and leaner fixed cost structures thus leading to operating leverage for long term sustainable growth and profitability.

8. Cochin International Airport Limited

Cochin International Airport Limited is owned by a public-private partnership in which Kerala Government owns 32% stake. It is the country's first public-private partnership-built greenfield airport. Based in Cochin, India, the company was incorporated on 30 March 1994. It is the first airport in the world that is powered by solar energy and India's third busiest airport in terms of international traffic in the financial year 2021. The company showcases a sustainable business model which adheres to people, community as well as culture. It offers various services and facilities such as a shopping arcade, transportation, security services, accommodation, a center for handling perishable cargo, maintenance and repair of aircrafts, overhaul services, and more. It also operates an aviation training institute to set forth training for cabin crew, pilots, engineers, and technicians for in-flight and ground support. Cochin International Airport Limited has five subsidiaries i.e. Cochin International Aviation Services Limited, Air Kerala International Services Limited, CIAL Infrastructure Limited, CIAL Duty-Free and Retail Service Limited and Kerala Waterways and Infrastructures Limited.

Financials - CIAL has accomplished a remarkable record gross income of Rs. 770.91 crores in the fiscal year 2022 - 23, surpassing the annual revenues of all the previous years. This feat has been achieved despite operating at 90% of pre-covid levels of traffic. This represents an impressive 84.12% growth in revenue compared to the previous year. They have achieved a remarkable profit of Rs. 265.08 crores. This surpasses our previous highest profit of Rs. 215.12 crores earned in the year 2019 - 20. 

9. API Holdings (Pharmeasy)

API Holdings Limited, a company founded on March 31st, 2019, creates and manages an integrated digital healthcare platform through its subsidiaries. The business runs the PharmEasy consumer healthcare app, which enables pharmaceutical supplies to be delivered to clients' homes. Additionally, it offers services like database management, data processing, medical and legal transcribing, and call centre management.

Financials - Revenue has grown by 145.3% on a YoY basis.The Net Loss has increased from 641 Cr. to 3,992 Cr. because the company is trying to acquire more customers.

The shares of API Holdings are available at a very reasonable price and it has the potential to grow more than 3x in the long term.

10. Motilal Oswal Home Finance Limited

Motilal Oswal Home Finance Limited is a housing finance company that focuses on the business philosophy of financial inclusion of middle and lower-income families by offering them long-term housing finance. The company provides home loans to families and individuals for construction, purchase, renovation, and extension of the house.

Financials - FY2023 they have recorded highest ever profit after tax of ₹ 136 crore, registering a staggering growth of 44% YoY. Disbursements (incl. pool buyout) crossed ₹ 1,000 crore milestone, with YoY growth of 57%. AUM was up by 9% YoY to ₹ 3,835 crore. ROA improved by 97 bps to 3.5% largely driven by better utilization of existing infrastructure, control over delinquencies and reduction in cost of funds. In FY2023, cost of funds was down by 24 bps YoY to reach 8.0%, resulting in improvement in spread and NIM at 5.9% and 7.7%, respectively as compared to 5.7% and 7.3% in FY2022.

MOHF looks forward to a linear growth in AUM and improved profitability/ROA/ROEs.

Closing

Only 4% of Indians invest regularly in the stock market. This financial instrument has the potential to generate larger and proliferating profits as compared to the listed market but is rarely known to investors.

With sharescart.com, you don't need to worry about anything if you want to purchase or sell unlisted shares. We conduct in-depth research on the companies and their financials for you. Our knowledgeable representatives will any and all of your queries and will guide you through each step of the procedure.