CAGR, or Compound Annual Growth Rate, is a crucial financial metric used to measure the annualized growth rate of an investment over a specified period. It provides a smooth representation of growth, factoring in compounding effects. Widely utilized in assessing business performance and investment returns, CAGR offers insights into long-term trends.
Here are the 3 stocks with revenue CAGR of up to 306 percent in 3 years:
Waaree Renewables Technologies Ltd
Waaree Renewable Technologies Limited is an India-based engineering, procurement, and construction (EPC) company, which is focused on the renewable energy sector. The Company is engaged in the solar EPC business and the generation of power through renewable energy sources.
With a market capitalization of Rs 18,038.65 crore, the shares were trading at Rs 1732.00 per share, decreasing around 5 percent as compared to the previous closing period.
The stock gave a multi-bagger return of 591.81 percent return in six months and a 971.89 percent return in a year. If an investor invests Rs 1 lakh in the company would be worth Rs 10.71 lakhs in a year.
The company’s consolidated revenue numbers have showcased an increase from Rs 13 crores during FY21-22 to Rs 876 crores in FY23-24. The company has a revenue CAGR for 3 years is 306 Percent.
K.P. Energy Ltd
K.P. Energy Limited is engaged in wind farm development, development of wind power projects, and allied services related to it along with the generation of electricity through wind power generating assets and operation and maintenance services of wind power projects primarily in India.
With a market capitalization of Rs 2,800.98 crore, the shares were trading at Rs 420.00 per share, decreasing around 0.56 percent as compared to the previous closing period.
The stock gave a multi-bagger return of 141 percent return in six months and a 509 percent return in a year. If an investor invests Rs 1 lakh in the company would be worth Rs 6.09 lakh in a year.
The company’s consolidated revenue numbers have showcased an increase from Rs 72 crores during FY21-22 to Rs 473 crores in FY23-24. The company has a revenue CAGR for 3 years is 87.29 Percent.
Adani Green Energy Ltd
Adani Green Energy Limited (AGEL) is an Indian-based holding corporation. The company is involved in renewable energy generating and other related operations. The company designs, constructs, owns, runs, and maintains utility-scale grid-connected solar power, wind power, hybrid projects, and solar parks.
With a market capitalization of Rs 3 lakh crore, the shares were trading at Rs 1,899.30 per share, increasing around 0.54 percent as compared to the previous closing period.
The company’s consolidated revenue numbers have showcased an increase from Rs 3,124 crores during FY21-22 to Rs 9,220 crores in FY23-24. The company has a revenue CAGR for 3 years is 43.44 Percent.
Written by:- Abhishek Singh
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