Check out FIEM Industries, it might meet your CAGR criteria as both growth and re-rating triggers are available. Its an auto-ancillary catering to 2W with presence in lighting, mirrors and plastic accessory segments. In spite of the 2W downturn, the company has grown revenues over the last few years while defending EBITDA margins. ROCE is in a secular uptrend due to increasing asset turns due to LED migration in automobiles.
3Y PAT CAGR has been 19% in a declining industry where their revenues have only grown by a 3% CAGR. Decent spare capacity available. Great working capital discipline and CFO/PAT ratios.
Company has everything lined up for growth + re-rating when the 2W demand scenario improves. Valued at 0.86 P/S, which is not at all expensive.
Wrote a post comparing FIEM to Minda a few days back on the FIEM thread here