The rate of return (RoR) that would be needed for an investment to increase from its starting balance to its finishing balance, assuming the profits were reinvested at the conclusion of each period of the investment’s life span, is known as the compound annual growth rate, or CAGR.
Here are three IT stocks with net profit CAGR up to 192 percent in three years.
Route Mobile Ltd
Provider of cloud communication platforms, Route Mobile serves mobile network operators (MNO), over-the-top (OTT) companies, and enterprises. Their product line consists of intelligent solutions for voice, email, SMS, messaging, filtering, analytics, and monetization.
With a market capitalization of Rs 9,651.78 crores, Route Mobile Ltd, On Friday, the company shares closed at Rs 1,541.30, a decrease of 0.79 percent from the previous close price.
The stock gave a 5.23 percent return in six months and an 18.41 percent return in a year.
The company’s consolidated net profit numbers have showcased an increase from Rs 58 crores during FY20-21 to Rs 333 crores in FY22-23. The company’s net profit CAGR for 3 years is 79.1 Percent
Ksolve India Ltd
Ksolves India Ltd. develops software, offers enterprise solutions, consults, and supplies IT solutions to businesses in a variety of industries, including real estate, e-commerce, finance, telecom, and healthcare.
With a market capitalization of Rs 1,269.96 crores, Ksolves India Ltd. On Friday, the company shares closed at Rs 1,071.15, an increase of 0.06 percent from the previous close price.
The stock gave an 18.57 percent return in six months and a 146.49 percent return in a year. If an investor invests Rs 1 lakh in the company would be worth Rs 2.46 Lakhs in a year.
The company’s consolidated net profit numbers have showcased an increase from Rs 1 crore during FY20-21 to Rs 25 crore in FY22-23. The company’s net profit CAGR for 3 years is 192.40 Percent.
Tata Elxsi Ltd
One of the top suppliers of design and technology services worldwide, Tata Elxsi serves a variety of markets, including the automotive, media, communications, and healthcare sectors.
With a market capitalization of Rs 51,894.96 crores, Tata Elxi Ltd., On Friday, the company shares closed at Rs 8,333, a decrease of 0.62 percent from the previous close price.
The stock gave a 19.34 percent return in six months and a 14.48 percent return in a year.
The company’s consolidated net profit numbers have showcased an increase from Rs 256 crore during FY20-21 to Rs 755 crore in FY22-23. The company’s net profit CAGR for 3 years is 43.41 Percent.
Written by:- Abhishek Singh
