Fantastic effort guys.
BTW, both Krishnaraj and Sriram’s data points to a 10 odd percent CAGR for the years 2005-15. As Sriram’s data is monthly, we need to consider June 05 EPS of 456 as EPS for the year 2004-05. Please remember that complete March quarter results come out only by June, so June EPS data has to be the correct data for the financial year end. Similarly, 2015 EPS should be taken as June 2015 EPS which happens to be 1245. And for these two EPS numbers we get a 10% CAGR for 10 years.
On the contrary, if we take 2004-14 for a 10 year calculation, we get more than 15% CAGR. So, the year taken for the calculation matters a lot. I think 2004-05 was a fantastic year for the Indian companies and 2014-15 was a pathetic one. These two years alone give us a CAGR differential of 5% for a 10 year period.
BTW, Krishnaraj how did you pick up sample companies for PAT to GDP calculation. Did you pickup only those companies which existed in 2004 as well as 2014 or you picked up all the companies existing in 2004 and all the existing companies now?
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