The compound annual growth rate (CAGR) is the annualized average rate of growth in revenues of a company between two given years with an assumption that the growth takes place at an exponentially compounded rate.
Listed below are three mid-cap stocks that exhibited a compounded annual growth rate in revenues of up to 61 percent during a period of the last three years:
KPIT Technologies Limited
With a market capitalization of Rs 35,626.36 crores, the stocks of KPIT Technologies Limited, a global technology company with a wide range range of software solutions, are currently trading at Rs 1,299.40, gaining approximately 2.20 percent as compared to the previous close of Rs 1,271.85 apiece.
Having a look at the financials of the company, the revenues of the company, over the past three years, have moved up from Rs 2,156.17 crores during FY19-20 to Rs 3,365.04 crores during FY22-23 which showcases a compounded annual growth rate of 16 percent.
Mazagon Dock Shipbuilders Limited
With a market capitalization of Rs 40,568.94 crores, the stocks of Mazagon Dock Shipbuilders Limited, a renowned shipbuilding company based in India, are currently trading at Rs 2,003.30, gaining approximately 1.60 percent as compared to the previous close of Rs 1,971.80 apiece.
Having a look at the financials of the company, the revenues of the company, over the past three years, have moved up from Rs 4,904.84 crores during FY19-20 to Rs 7,827.18 crores during FY22-23 which showcases a compounded annual growth rate of 17 percent.
Angel One Limited
With a market capitalization of Rs 22,429.37 crores, the stocks of Angel One Limited, a diversified financial services company, are currently trading at Rs 2,673.25, gaining approximately 5.40 percent as compared to the previous close of Rs 2,537.15 apiece.
Having a look at the financials of the company, the revenues of the company, over the past three years, have moved up from Rs 724.62 crores during FY19-20 to Rs 3,001.59 crores during FY22-23 which showcases a compounded annual growth rate of 61 percent.
Written by Amit Madnani
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