AI Stocks: Best Artificial Intelligence Stocks in India 2024

AI Stocks Best Artificial Intelligence Stocks in India 2024

As we delve into the intricate world of Artificial Intelligence (AI) stocks in India,A picture of innovation and growth is emerging. Certain companies stand out in 2024, not just as market players, but as pioneers shaping the future of technology. Let’s get into the specifics of each, examining their strengths and weaknesses as well as what makes them appealing investments.

1. Tata Elxsi Ltd

About Tata Elxsi

Tata Elxsi emerges as a global force in design and technology, offering services in Automotive, Media, Communications, and Healthcare. Their integrated approach has gotten a lot of attention, from research and strategy to deployment.

Financial Metrics:

Market Cap: ₹52,153 Cr.

Return on Capital Employed (ROCE): 47.7%

Return on Equity (ROE): 41.1%

Pros:

Stellar 25.7% Compound Annual Growth Rate (CAGR) in profit over the last 5 years.

A commendable 3-year ROE track record at 36.8%.

Consistent dividend payout of 59.8%.

2. Bosch Ltd

About Bosch Ltd:

Bosch Ltd is well-versed in automotive technology, industrial technology, consumer goods, and energy solutions. Fuel injection systems, industrial equipment, power tools, and security systems are all part of their product line.

Financial Metrics:

Market Cap: ₹64,886 Cr.

ROCE: 17.4%

ROE: 13.2%

Promoter Holding: 70.5%

Pros:

Successful debt reduction, positioning the company as nearly debt-free.

Consistent healthy dividend payout of 73.5%.

Cons:

Modest sales growth at 5.01% over the past 5 years.

ROE at 11.8% over the last 3 years.

3. Persistent Systems Ltd

About Persistent Systems:

Persistent Systems is a major player in software engineering and strategy services, assisting businesses in their efforts to modernize. They navigate the ever-changing tech landscape using proprietary software and strategic partnerships.

Financial Metrics:

ROCE: 30.3%

ROE: 25.3%

Operating Profit Margin (OPM): 17.4%

Pros:

Anticipated strong quarterly performance.

Robust 24.6% CAGR profit growth over the last 5 years.

Consistent dividend payout of 36.6% and a median sales growth of 17.4% over a decade.

4. Kellton Tech Solutions Ltd: Architecting Digital Transformations

About Kellton Tech Solutions:

Kellton Tech Solutions, with its 1,500-strong team, is a force in digital transformation and IT services, operating globally.

Financial Metrics:

ROCE: 14.3%

ROE: 16.5%

Services Offered:

Agile software development, digital commerce & marketing, platform modernization, and more.

5. Happiest Minds Technologies Ltd

Business Overview:

Happiest Minds Technologies is an industry leader in Digital Transformation, Enterprise Solutions, Product Engineering, and other areas. The company provides cutting-edge services as an authorized partner of global IT players.

Financial Metrics:

ROCE: 27.4%

ROE: 28.9%

OPM: 22.1%

Pros:

Impressive 63.0% CAGR profit growth over the last 5 years.

Strong ROE of 32.4% over 3 years.

Consistent dividend payout of 30.2% and a robust median sales growth of 26.5% over a decade.

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Disclaimer- This article is strictly for educational purposes and does not provide any advice or tips on investment or recommend buying or selling any stocks

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