Two Stocks That Roll Out

Ircon International Ltd

Profit & Loss

Data	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales +	3,552	4,294	3,897	3,038	2,493	3,067	4,024	4,798	5,391	5,350	7,380	10,368	12,369
Expenses +	3,079	3,399	2,981	2,351	2,228	2,740	3,576	4,320	4,787	4,845	6,795	9,664	11,552
Operating Profit	473	895	917	687	264	328	448	479	604	505	585	704	817
OPM %	13%	21%	24%	23%	11%	11%	11%	10%	11%	9%	8%	7%	7%
Other Income +	188	249	253	264	421	313	189	212	178	188	261	413	639
Interest	7	11	39	33	43	59	65	15	28	23	62	119	141
Depreciation	57	43	34	57	31	27	16	52	83	92	95	107	109
Profit before tax	598	1,090	1,097	861	612	556	555	624	672	578	689	891	1,206
Tax %	22%	26%	32%	32%	36%	31%	26%	28%	28%	32%	14%	14%
Net Profit +	465	805	747	583	393	384	409	450	485	391	592	765	939
EPS in Rs	46.97	40.65	37.73	29.40	19.85	3.88	4.35	4.79	5.16	4.16	6.30	8.14	9.99
Dividend Payout %	20%	18%	24%	31%	43%	96%	47%	45%	46%	36%	40%	37%

Compounded Sales Growth
10 Years:	9%
5 Years:	21%
3 Years:	24%
TTM:	30%

Compounded Profit Growth
10 Years:	-1%
5 Years:	13%
3 Years:	18%
TTM:	25%

Stock Price CAGR
10 Years:	%
5 Years:	41%
3 Years:	77%
1 Year:	316%

Return on Equity
10 Years:	13%
5 Years:	12%
3 Years:	13%
Last Year:	15%

Birlasoft Ltd

Profit & Loss

Data	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales +	1,500	2,239	2,694	2,990	3,224	3,320	2,250	2,551	3,291	3,556	4,130	4,795	5,142
Expenses +	1,283	1,903	2,316	2,666	2,790	2,971	1,967	2,244	2,899	3,026	3,490	4,273	4,360
Operating Profit	217	336	378	324	435	349	283	306	392	529	640	522	782
OPM %	14%	15%	14%	11%	13%	10%	13%	12%	12%	15%	16%	11%	15%
Other Income +	24	10	45	35	16	47	87	100	43	19	66	22	55
Interest	7	14	26	26	17	14	8	11	16	13	13	19	20
Depreciation	44	47	54	85	69	83	40	50	83	80	77	82	85
Profit before tax	189	285	343	248	365	299	322	346	336	455	617	442	732
Tax %	23%	27%	27%	5%	23%	20%	21%	16%	33%	29%	25%	25%
Net Profit +	148	208	249	237	281	239	254	292	224	321	464	332	556
EPS in Rs		10.32	12.83	12.05	14.22	12.08	12.80	10.56	8.11	11.57	16.59	12.06	20.19
Dividend Payout %	9%	9%	8%	9%	15%	17%	18%	19%	25%	30%	27%	29%

Compounded Sales Growth
10 Years:	8%
5 Years:	16%
3 Years:	13%
TTM:	10%

Compounded Profit Growth
10 Years:	5%
5 Years:	5%
3 Years:	14%
TTM:	58%

Stock Price CAGR
10 Years:	22%
5 Years:	50%
3 Years:	44%
1 Year:	198%

Return on Equity
10 Years:	16%
5 Years:	15%
3 Years:	16%
Last Year:	13%