Wealth creators: Which stock earned 94% profit in 5 yrs?

Bajaj Finance stands second with a price CAGR of 93 percent. Eicher, Supreme Industries and Page Industries are among the 10 fastest wealth creators for the last three studies in a row while HCL Technologies is in the top 10 of both the biggest and the fastest wealth creators.

Moneycontrol Bureau

If you owned shares of Eicher Motors , your profit would have almost doubled in just five years. According to Motilal Oswal's annual wealth creation study (2009-2014), the Harley Davidson manufacturer's price grew 94 percent from 2009 to 2014. It is fastest wealth creator in the 5-year period.

"Despite their small size, many midcap companies enjoy competitive advantage in their
respective business, a key factor for high earnings growth (e.g. Eicher is a market leader in
leisure motorcycles, and has Volvo as a partner for its commercial vehicles franchise).
Combination of high earnings growth, low valuation and small market cap, leads to high
wealth creation at a rapid pace," the brokerage adds.

Company	5-yr price CAGR (%)
Eicher Motors	94
Bajaj Finance	93
Supreme Industries	88
Amara Raja Batteries	84
Page Industries	78
IndusInd Bank	73
HCL Tech	69
Aurobindo	68
Havells India	67
IPCA Labs	67

Most consistent wealth creator

Kotak Mahindra Bank is the most consistent wealth creator over the last 10-year period 2004-14, while 8 of the top 10 most consistent wealth creators are consumer-facing companies, with Hindustan Zinc and Bosch the only exceptions.

Motilal Oswal says that sustainable and profitable growth in companies is a function of quality of business and quality of management.