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 (%)
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
4 4 0 ONGC GoI Oil & Gas 502474 54.51 491270 61.66 45522 2 179.20 9.06 5696 7.32 6841 121986 0.47 444489 17 6.09 259503 3 20.52 14.62 27165 36 188068 -6.05
8 9 1 Tata Steel Tata Group Metals 253797 62.32 243959 55.91 40154 3 436.08 15.82 5462 8.73 15899 75561 0.66 207633 40 14.42 113546 10 44.54 29.16 35927 24 136734 -21.69
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
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
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
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
3 3 0 Indian Oil Corporation GoI Oil & Gas 607365 62.04 589336 61.93 25102 8 16.01 4.13 4301 9.23 1820 132020 0.99 272852 27 16.36 133535 8 20.97 15.29 31254 26 108577 -13.70
15 12 -3 HDFC Diversified * NBFC 144938 -0.72 135926 -2.24 22595 9 20.57 15.59 27230 NAP 2629 507460 2.82 700090 14 14.28 179853 5 14.29 8.59 6214 148 439224 -13.39
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
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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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