These growth shares could double over the next 12 months

Looking for growth stocks to supercharge your portfolio? Here are three companies that might be exactly what you're looking for

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Growth shares are a great way to boost your portfolio.

After all, every blue-chip billion-dollar company out there was once a fledgling start-up, or a company still early in its trajectory towards industry dominance.

Here are three companies that could see their share prices double in the next year and why…

Bellamy's Australia Ltd (ASX: BAL)

Bellamy's share price may have got ahead of itself when it surged to $16.50 at the end of last year having started the year at around $1.70. But the infant formula producer and supplier had seen astonishing growth in sales and earnings. In the six months to December 2015, revenues rose 83% and net profit soared 325%, and the company was struggling to keep up with demand. A new supply agreement with Fonterra means Bellamy's will be able to substantially lift volumes from the first quarter of the 2017 financial year (FY17) – to meet growing demand.

Based on revenues forecasts of between $240 and $260 million and similar margins, Bellamy's should achieve a net profit of around $32 million, which would represent a more than 300% increase over last year's $9.1 million – with no signs of slowing down.

Burson Group Ltd (ASX: BAP)

The automotive parts distributor, wholesaler and retailer is currently trading at 52-week highs, but the full impact of its acquisition of Metcash Limited's (ASX: MTS) Automotive division won't be felt until next year. Burson completed the sale at the end of July 2015, and it will take some time to integrate the businesses, which should see incremental gains in earnings over time. In the first half of FY16, Burson reported underlying earnings per share growth of 24.3%, and the full year should see gains from organic growth as well as a recent wholesale acquisition.

While Burson's share price may appear expensive (~30x FY16 earnings), the company is still generating strong growth to justify that price.

Nearmap Ltd (ASX: NEA)

The photomapping software as a service company is still generating strong growth in Australia and could see similar strong growth in the US after implementing its paywall in November 2015. Given the size of the US market, I could see Nearmap generating half of its revenues from the US by June 2017. Given the company's operational leverage, new customer revenues virtually fall through to the profit line, which would see earnings per share soar.

A share price closer to $1.00 is highly possible by this time next year.

Motley Fool contributor Mike King owns shares of Bellamy's Australia, Burson, and Nearmap Ltd. You can follow Mike on Twitter @TMFKinga The Motley Fool Australia owns shares of Bellamy's Australia and Burson. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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