Earnings growth is one of the key factors investors track when evaluating a company’s financial performance. A consistently rising EPS indicates that a company has been able to grow its earnings relative to its outstanding shares.
This list highlights stocks that have delivered strong earnings growth over the past three years, with a 3-year EPS CAGR of up to 490 percent. These companies have recorded a significant improvement in their earnings per share, reflecting strong growth in profitability during the period.
Here’s the List of stocks to look out for
GE Vernova T&D India Ltd
GE Vernova T&D India Ltd is a leading power transmission and distribution company in India and the listed entity of GE Vernova’s Grid Solutions business in the country. It offers products and services including power transformers, circuit breakers, switchgear, substation automation, HVDC, FACTS, digital solutions and turnkey substation solutions.
The company has recorded a strong 3-year EPS growth of 490 percent, indicating a significant improvement in earnings per share over the period. It also reported a 77.4 percent ROCE and 57.4 percent ROE, while its debt-to-equity ratio of 0.01 indicates very low financial leverage.
Premier Energies Ltd
Premier Energies Ltd is an integrated solar cell and solar module manufacturer offering photovoltaic products and renewable-energy solutions. The company manufactures solar cells and modules and also has an independent power producer business.
The company has recorded a strong 3-year EPS growth of 290 percent, indicating a significant improvement in earnings per share over the period. It also reported a 32.7 percent ROCE and 41.0 percent ROE, while its debt-to-equity ratio of 0.86 indicates very low financial leverage.
Satin Creditcare Network Ltd
Satin Creditcare Network Limited is a financial services corporation operating in the realm of microfinance and financial inclusion. Satin Creditcare Network offers loans to underprivileged or low-income areas, especially through its microfinance segment. Satin Creditcare also provides financing solutions to MSMEs and other client segments through its vast network of branches and loans.
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The company has recorded a strong 3-year EPS growth of 278 percent, indicating a significant improvement in earnings per share over the period. It also reported a 13.8 percent ROCE and 12.3 percent ROE, reflecting its ability to generate returns on capital and shareholders’ equity.
Indosolar Ltd
Indosolar Ltd is a company that manufactures solar PV modules, and it belongs to the Waaree Group. This company specializes in the manufacture of solar photovoltaic modules. It plays a vital role in meeting the increasing need for solar power generation and growth of India’s renewable energy manufacturing industry.
The company has recorded a strong 3-year EPS growth of 231 percent, indicating a significant improvement in earnings per share over the period. It also reported a 124 percent ROCE and 151 percent ROE, while its debt-to-equity ratio of 0.01 indicates very low financial leverage.
Tata Motors Passenger Vehicles Ltd
Tata Motors Passenger Vehicles Ltd is the passenger-vehicle entity created following Tata Motors’ corporate restructuring. The company houses Tata’s domestic passenger vehicle business along with Jaguar Land Rover, while the commercial vehicle business was separated into a distinct listed entity as part of the 2025 demerger.
The company has recorded a strong 3-year EPS growth of 221 percent, indicating a significant improvement in earnings per share over the period. It also reported a 2.73 percent ROCE and 75.7 percent ROE, while its debt-to-equity ratio of 0.71 indicates very low financial leverage.
Solex Energy Ltd
Solex Energy Ltd is a renewable energy firm that is involved in solar photovoltaic module production and EPC services. Solex Energy Ltd offers solar energy solutions for both residential, commercial, industrial, and utility purposes. The firm concentrates on increasing manufacturing capacities and creating an extensive footprint in the fast-growing solar energy industry of India.
The company has recorded a strong 3-year EPS growth of 212 percent, indicating a significant improvement in earnings per share over the period. It also reported a 34.0 percent ROCE and 44.1 percent ROE, reflecting its ability to generate returns on capital and shareholders’ equity.
Force Motors Ltd
Force Motors Ltd is an Indian automobile company that designs, develops, and manufactures automobiles, engines, and automotive parts. Some of the products of Force Motors include multi-utility vehicles, vans, buses, and specialized vehicles. Some of the models made by the company include Traveller, Urbania, and Gurkha.
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The company has recorded a strong 3-year EPS growth of 209 percent, indicating a significant improvement in earnings per share over the period. It also reported a 36.0 percent ROCE and 26.1 percent ROE, while its debt-to-equity ratio of 0.00 indicates very low financial leverage.
Vikram Solar Ltd
Vikram Solar Limited is a solar photovoltaic modules manufacturer and renewable energy solutions company based in India. It produces solar PV modules as well as works on solar projects for utilities, commercial, and industrial customers. Having production capacity and experience in working on solar projects, it operates in India’s rapidly developing renewable energy market as well as abroad.
The company has recorded a strong 3-year EPS growth of 181 percent, indicating a significant improvement in earnings per share over the period. It also reported a 30.6 percent ROCE and 21.4 percent ROE, while its debt-to-equity ratio of 0.19 indicates very low financial leverage.