Historical growth in well known stocks ( Random picks) over

Growth in Growth in
Sl No Company Mkt Cap Mkt Cap
2015 (times) 2010 (times)
MKt Price 5 yrs Mkt Price 10 yrs
2015-2020 2010-2020

1 Reliance Ind 502.5 4.07 524.38 3.12

2 Asian Paints 883.5 1.78 10.67

3 Hind Unilever 862.75 1.79 313 6.99

4 ITC 218.5 -0.31 1.01

5 Berger Paints 192.01 3.23 27.27

6 Avanti Feeds 3.77 283.5

7 PI Industries 649 2.92 26.27

8 UPL 292 1.21 3.38

9 Bajaj Finance 601 8.56 102.07

10 Bajaj Finserv 1986.8 3.49 7.59

11 Sundaram Finance 1378 0.94 6.65

12 Shriram Transport Finanace 836.68 -0.42 3.99

13 Cholamandalam Finance 128.37 1.71 17.58

14 HDFC Bank 541.08 1.44 5.84

15 HDFC 1263.75 0.72 2.62

16 ICICI Bank 237.6 0.21 1.43

17 Axis Bank 449.1 -0.10 1.27

18 Kotak Mahindra Bank 720 1.08 5.46

19 M & M Finance 147.64 -0.35 2.1

20 Bhansali Engg Polymers 25.5 4.90 3.42

21 Tata Consultancy Services 1218.46 1.20 6.45

22 Wipro 209.96 0.81 1.43

23 Infosys 552.7 1.25 2.39

24 Tech Mahindra 521.65 0.32 2.43

25 Mphasis 497.55 2.57 0.9

26 Mindtree 716.88 1.32 7.6

27 Hexaware 243.4 1.34 8.84

28 Phillips carbon Black 135 20.01 215.7 18.82

(Rs 10 FV)
29 Tata Metalliks 101.4 2.47 2.42

30 Titan 347.15 2.29 16.62

31 Bajaj auto 2532 0.26 1541.5 5.47

32 Maruti Suzuki 4621.9 1.13 1421.6 3.52

33 TVS Motors 289.8 0.76 13.4

34 Eicher Motors 1685.56 0.47 32.7

35 Mahindra & Mahindra 636.18 0.029 1.33

36 JSW Steel 103.22 1.78 1.86

37 HEG 180.95 2.17 0.86

38 Lakshmi Machine Works 3890.15 -0.17 1.13

39 Bharat Forge 446 -0.68 2.42

40 Siemens 1200.65 0.42 1.2

41 SRF 1264.7 3.87 19.46

42 Vinati Organics 234.15 4.6 34.82

43 Atul Ltd 1611.75 3.26 62.54

44 Symphony Ltd 1155.33 -0.11 5.92

45 Grasim 750.97 0.098 0.498

46 Ultratech cements 2780.55 0.6 3.7

47 Ambuja cements 203.05 0.045 1.27

48 Shree cements 11499.2 1.25 10.01

49 India Cements 96.85 0.4 -0.04

50 CRISIL 1967.3 -0.09 2.84

51 CARE Ratings 1316.8 -0.75 914.8 -0.61

52 Bata India Ltd 521.95 1.08 12.67

53 Relaxo Footwear 254.23 3.73 43.2

54 Liberty 200.55 -0.44 0.48

55 MRF 39877.5 0.54 8.63

56 Ceat Tyres 1051.4 0.17 5.71

57 Apollo Tyres 156.2 -0.40 1.7

58 Pidilite Industries 552.45 1.72 14.04

59 TTK Prestige 3914.13 0.98 15.67

60 Ratnamani Metals 545.1 0.83 10.94

61 Excel Crop care ( Sumitomo Chemicals) 1139.45 1.77 19.08

62 Balkrishna Industries 323.78 3.6 24.14

63 Nesco 336.21 0.46 4.15

64 Dr Reddys lab 3108.6 0.62 3.58

65 Cipla 649.75 0.3 1.41

66 Cadila healthcare 327.55 0.37 4.01

67 Sun Pharma 820.15 -0.38 2.34

68 Lupin 1837.25 -0.27 2.54

69 Torrent Pharma 1451.65 1.52 13.24

70 Aurobindo Pharma 875.95 0.46 8.12

71 Astra Zeneca 1247.95 3.91 3.67

72 Divis Laboratories 1154.85 2.7 8.49

73 Natco Pharma 579.3 2.02 36.89

74 Motherson Sumi 130.29 -0.16 5.49

75 J M Financials 47.25 0.7 0.71

76 Havells India 304.7 1.56 12.56

77 Naukri ( India) 853.35 3.09 14.64

78 Aarti Industries 261.55 6.91 39.36

Commentary I have tried to cover a best possible sample of stocks which have performed over a 20 year pe
will come up in future. But the eye opener is the fact that what stocks we fancy may not be t
As a thumb rule, if your money has multiplied 32 times in 20 years , it amounts to a CAGR 0f 1
Pleasant surprise is that quite a few stocks have beaten this threshold of 32 times growth. If t

The most important thing is to look at stocks which have consistently performed over every fi
And the performance during the latest 5 years or latest 10 years are more important than the

I have short listed the best performing stocks over the full 20 year period as well as during th

Have also tried to rank them , although that does not convey much as the whole thing is dyna

I need to fill Mkt caps for every 5 years for each stock , but that will take a lot of time; so may
Please do not try to divide mkt price of year 2020 with that of year 2015 and find that the gro
I think it must have been done more as an average; We just need to know the trend and get i

There are 40 stocks with great performances in the above list

Yellow indicates consistent performance over the 5/10/15/20 year periods

Blue indicates consistent performance over a 10 year period ( in one case it w

Green indicates excellent performance in the earlier periods but have come d

I tried to rank them , but gave up as it is not easy unless you clearly define the parameters

Trust the above working is helpful. One needs to superimpose the Profitability performances
Then one look at the valuations based on PE and PBV criteria and also look at PEG growth.
That will help in narrowing down on the most quality stocks.

In case I have missed out some stocks, please do post the names in the group.

Regards

R JAYAKUMAR
s ( Random picks) over the period 2000-2020
Growth in Growth in RANK Current Mkt Caps
Mkt Cap Mkt Cap Rs in crores
2005 ( times) 2020 ( times) 2005 2010 2015 2020
MKt Price 15 yrs MKt Price 20 yrs
2005-2020 2000-2020

220.24 15.66 2225 36.83 1442470

64.29 2090 132.8 198362

195 13.6 2115.9 8.2 458050

4.78 169.5 9.98 210724

73.7 602.6 251.3 58550

NA 506.4 NA 6948

NA 2042.7 NA 31222

8.88 510.85 542.5 38057

263.8 3331.15 692.98 200634

NA 5907 NA 94320

18.65 1312 35.19 14453

17.17 633.8 107.34 16704.6

16.07 254 22.13 20315

21.52 1162.25 69.02 670489

11.64 1948.75 65.4 349177

4.68 387.5 27.66 280799

11.21 452 83.63 143154

44.27 1312.9 118.35 261607

3.73 129.85 NA 4896

 1.73 88.35 7.8 1495

15.85 2812.95 NA 1068604

3.4 374 2.66 214797

7.35 1106.8 8.07 479376

5.56 854.15 NA 83079

8.74 1383.65 8.63 25654

8.6 1504.25 NA 25387

6.64 467.3 3.91 14018

32.47 126.85 128.44 2179

(Rs 2 FV)
1.86 503.55 38.5 1594

132.53 1255.2 170.9 111408

NA 3059.8 NA 88497

41.83 7062.4 NA 213207

10.38 471.5 15.84 22419

88.43 2217.95 461.07 60154

8.26 633.2 10.17 79129

171.8 292 404.56 70401

6.35 726.5 32.8 2800

3.47 3800.45 24.17 4070

3.24 465.8 12.82 21678

8.71 1282.3 23.55 45665

56.31 4266.75 85.46 24509

 75.86 1216 NA 12328

92.06 5909.1 230.73 17983

1622.96 860.7 605.13 6029

1.78 745.1 7.66 48831

11.5 4298.35 15.68 123163

3.43 239.35 4.36 47219

82.46 21198.5 310.74 75950

0.998 118.9 0.41 3587

29.06 1758.75 24.75 12672

NA 348.75 NA 1023

27.98 1357.85 17.8 17606

NA 663.05 NA 16414

0.87 145.45 1.8 248

22.91 58587.1 24.26 24901

16.21 1003.45 19.86 4045

4.44 132.3 6.79 7502

75.65 1479.5 86.03 75864

175.36 5996.25 155.07 8284

12.35 1278.5 NA 5971

17.78 3194.2 38.88 3509

-2019 till 2019
9.82 1386.35 349.4 26937

2.59 512 2.59 3806

11.48 5220.5 12.87 88123

 5.36 803 6.21 66354

10.04 447.5 33.14 45408

8.06 503.4 33.6 123782

14.06 1046.5 204.6 49145

38.66 2840.8 34.96 48573

24.12 834.15 5.28 48820

10.82 4302.75 82.71 10785

8.24 3180 81.77 85436

32.01 944 114.8 17056

16.22 112.9 493.13 35464

1.57 78 NA 7484
( from 2006)
97.88 705.05 366.21 44243

29.85 3479.15 NA 46127

(from 2006)
32.01 1004 250 17336

ormed over a 20 year period. However, there may be a lot more outside the above list and may be a lot more
s we fancy may not be the best performers over a 5/10/15 /20 year periods. available in the above list.
amounts to a CAGR 0f 18% per annum over the 20 years and it is a phenomenal amount. . And , yes there are such stocks
d of 32 times growth. If the CAGR is 20% per annum, your money would have multiplied by around 60 times in 20 years

performed over every five year period.

more important than the full 20 year period.

riod as well as during the nearest 10 year period ( 2010-20).

s the whole thing is dynamic

ake a lot of time; so may be in the next working I will do that.

015 and find that the growth in MKt caps are not matching;
know the trend and get into the full accuracy;

0/15/20 year periods

period ( in one case it was a 15 year period)

eriods but have come down significantly off late

efine the parameters

ofitability performances in the recent years for the select companies

o look at PEG growth.
Current Mkt Caps
are such stocks
in 20 years