Marcellus’ Consistent Compounders Portfolio companies reported, on a weighted average basis, 20% YoY growth in profit after tax for both 1QFY24 (over 1QFY23) as well
Consistent Compounders Portfolio (CCP) of Marcellus Investment Managers (Saurabh Mukherjea)
CCP companies have continued to compound earnings at a healthy rate during FY23 and 1 1FY24
| Stock Name | FY19-22 CAGR | FY23 CAGR | Q1FY24 | ||||||
| Revenue | PAT | FCF | ROCE | Revenue | PAT | ROCE | Revenue | PAT | |
| Asian Paints Ltd. | 15% | 8% | 37% | 34% | 19% | 51% | 35% | 7% | 52% |
| Bajaj Finance Ltd. | 22% | 21% | 21% | 17% | 32% | 64% | 23% | 27% | 32% |
| Berger Paints India Ltd. | 13% | 19% | 4% | 29% | 21% | 3% | 26% | 10% | 40% |
| Divis Laboratories Ltd. | 22% | 30% | 15% | 30% | -13% | -38% | 19% | -21% | -49% |
| Dr. Lel Pathlabs Ltd. | 20% | 21% | NM | 33% | -3% | -32% | 20% | 8% | 44% |
| HDFC Bank Ltd. | 16% | 21% | 21% | 17% | 16% | 19% | 17% | 27% | 30% |
| HDFC Life Insurance Co Ltd. | 16% | 13% | 13% | 20% | 37% | 47% | 20% | 13% | 28% |
| ICICI Lombard | 12% | 7% | 7% | 19% | 15% | 36% | 18% | 23% | 12% |
| Kotak Mahindra Bank Ltd. | 13% | 21% | 21% | 13% | 25% | 28% | 14% | 50% | 67% |
| Nestle India Ltd. | 9% | 10% | 4% | 119% | 15% | 11% | 148% | 15% | 36% |
| Page Industries Ltd. | 11% | 11% | 15% | 65% | 23% | 6% | 59% | -8% | -24% |
| Pidilite Industries Ltd. | 12% | 9% | NM | 30% | 19% | 7% | 24% | 6% | 32% |
| Tata Consultancy Services | 9% | 7% | 15% | 50% | 18% | 10% | 60% | 13% | 17% |
| Titan Company Ltd. | 13% | 14% | NM | 32% | 41% | 45% | 40% | 26% | -4% |
| Trent Ltd. | 20% | -19% | NM | 12% | 83% | 450% | 24% | 46% | 73% |
| Weighted Avg. | 16% | 15% | 13% | 33% | 21% | 21% | 34% | 15% | 23% |