Fortune India 500: 2022

2023 2022 2021 2020
Rank Total Income Net Income Profit Interest cost Cash & Bank Balance Total Debt Debt-Equity Ratio Total Assets Networth RONW ROCE Employees T12M AVG
M-CAP
TSR (%)
2022 2021 Change Company Ownership Industry Rs cr YoY change % Rs cr YoY change % Rs cr Rank YoY change % % of total income Rs cr % of Ebitda Rs cr Rs cr (x) Rs cr Rank YoY change % Rs cr Rank (%) (%) (in nos) Rank RS Crore (%)
10 7 -3 Tata Consultancy Services Tata Group IT Services 195772 17.01 191754 16.80 38327 4 18.18 19.58 784 1.48 18221 7818 0.09 100023 58 2.98 88651 15 44.13 53.97 592195 1 1265497 -6.89
1 1 0 Reliance Industries Mukesh Ambani Oil & Gas 739518 43.81 699962 49.91 60705 1 23.56 8.21 14584 13.21 36178 319158 0.41 1222627 8 11.54 779485 1 9.17 9.36 342982 2 1681013 0.78
18 16 -2 Infosys Diversified * IT Services 123936 20.71 121641 21.07 22110 10 14.26 17.84 200 0.64 17472 5474 0.07 83998 65 -0.46 67011 22 32.34 39.66 314015 3 684684 -7.58
20 17 -3 Coal India GoI Mining & Minerals 111310 15.80 109714 21.87 17358 13 36.68 15.59 541 2.19 29179 3514 0.08 122082 53 7.41 43143 42 43.63 20.59 251320 4 115608 59.72
33 32 -1 Wipro Azim Premji IT Services 81416 26.60 79312 28.06 12230 24 13.27 15.02 533 3.19 10384 17593 0.27 85887 64 27.01 65403 25 20.35 20.45 247073 5 284287 -40.42
5 2 -3 State Bank of India GoI Banks 406973 5.61 289973 4.26 35374 6 57.88 8.69 156194 NAP 398905 4536571 0.00 5371426 1 10.64 282210 2 13.61 0.69 245652 6 447533 13.04
180 157 -23 SIS R. K. Sinha & Associates Services 10117 5.36 10059 10.21 325 331 -11.04 3.21 98 19.73 738 1451 0.70 3695 356 7.19 2071 359 16.71 12.39 143894 7 6856 -6.68
11 10 -1 HDFC Bank Diversified * Banks 167695 7.58 135936 5.74 38053 5 19.54 22.69 58584 NAP 155386 1784970 0.00 2122934 3 17.97 247326 4 16.69 1.94 141579 8 802745 -5.72
30 27 -3 HCL Technologies Shiv Nadar IT Services 86785 13.73 85651 13.63 13499 20 21.12 15.55 319 1.55 12636 6343 0.10 70907 78 1.59 61914 29 22.20 24.59 112498 9 291346 -8.28
13 8 -5 ICICI Bank Diversified Banks 157536 -2.27 95407 7.00 25110 7 36.58 15.94 41167 NAP 183126 1252969 0.00 1756355 4 11.37 178824 6 15.47 1.51 105844 10 541104 13.62
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FOOTNOTES: 428 COMPANIES IN THE LIST HAVE CONSOLIDATED FINANCIALS, 72 ARE STANDALONE; Rs CR NUMBERS ROUNDED OFF TO NEAREST INTEGER; DIVERSIFIED IMPLIES DIVERSE OWNERSHIP; R-E IS RE-ENTRY OF A COMPANY INTO THE LIST; NEW IS DEBUT OF COMPANY IN LIST; L2P IS LOSS TO PROFIT, HL IS FOR COMPANIES WITH HIGHER LOSSES OVER PREVIOUS YEAR’S LOSS; LL IS FOR COMPANIES WITH LOWER LOSSES OVER PREVIOUS YEAR’S LOSS; P2L IS PROFIT TO LOSS; NAP IS NOT APPLICABLE; NAVL IS NOT AVAILABLE; ** TOTAL INCOME AND NET OPERATING INCOME ADJUSTED FOR THE COST OF TRADED/FINISHED GOODS; SINCE VARROC ENGG. SOLD FOUR-WHEELER LIGHTING BUSINESS IN THE AMERICAS AND EUROPE IN APRIL 2022, LAST YEAR’S (FY21) COMPARABLE REVENUE IS Rs 4,374 CRORE AS AGAINST Rs 11,303 CRORE REPORTED BY THE COMPANY IN FY21 AND PUBLISHED IN THE 2021 FORTUNE INDIA LIST; YOY CHANGE % IS NAP FOR GALLANTT ISPAT (UNDERWENT AN M&A) & HUBERGROUP INDIA AS THEIR NUMBERS ARE NOT COMPARABLE. FOR HUBERGROUP, ONLY STANDALONE NUMBERS WERE AVAILABLE FOR FY22, WHILE 2021 RANKING WAS BASED ON CONSOLIDATED FINANCIALS; PROFIT AS % OF TOTAL INCOME AND RONW (%) ARE “NAP” FOR COMPANIES WHICH MADE HL, LL & P2L; FORBES & COMPANY’S RONW AND PAT CHANGES ARE NAP OWING TO PROCEEDS FROM THE SALE OF EUREKA FORBES AND OTHER BUSINESSES. FOR GVK POWER & INFRA, THE RONW AND PAT CHANGES ARE NAP OWING TO PROCEEDS FROM THE SALE OF ITS MUMBAI AIRPORT BUSINESS TO ADANI GROUP; AVERAGE MARKET CAP AND TSR IS NOT AVAILABLE FOR HEXAWARE AS THE COMPANY GOT DELISTED; T12M AVERAGE MARKET CAP IS FOR TRAILING 12 MONTH PERIOD 01-11-2021 TO 31-10-2022; TSR IS TOTAL SHAREHOLDER RETURNS PERCENTAGE CHANGE OF OCTOBER 31, 2022, OVER NOVEMBER 1, 2021; ^^ REFERS TO STANDALONE FINANCIALS; ^ FOR UNLISTED; T12M AVERAGE MARKET CAP FOR LIC, ADANI WILMAR, STAR HEALTH & ALLIED INSURANCE, PARADEEP PHOSPHATES, DELHIVERY, MOTHERSON SUMI WIRING INDIA, ONE 97 COMMUNICATIONS, TAMILNAD MERCANTILE BANK, GMR POWER & URBAN INFRA, ELECTRONICS MART INDIA, FSN E-COMMERCE VENTURES, MEDPLUS HEALTH SERVICES, GVK POWER & INFRASTRUCTURE IS FROM DATE OF LISTING; SINCE SHIRPUR GOLD REFINERY WAS INFREQUENTLY TRADED FOR THE PERIOD, T12M AVERAGE MARKET CAP AND TSR IS NAP. SOURCE: CAPITALINE, ANNUAL REPORTS
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