Fortune India The Next 500

2024 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 T12 Average Mcap TSR (CY21)
2023 2022 Company OWNER / GROUP Industry Rs cr YoY change % Rs cr YoY change % Rs cr Rank YoY change % % of total income Rs cr % of Ebitda Rs cr % of Ebitda (x) Rs cr Rank YoY Change % Rs cr Rank (%) (%) (in nos) Rank Rs cr (%)
371 245 Tata Teleservices Maharashtra ()^^ Tata Telecom Services 1110.72 4.02 1093.80 4.80 -1215.00 497 LL NAP 1539.34 329.18 17.02 19756.30 -1.05 940.14 299 6.45 -18832.48 500 NAP NAP 367 399 23136 -46.96
159 NAP MTNL Govt of India Telecom 1779.07 -5.05 1149.04 -17.20 -2603.12 500 HL NAP 2147.45 NAP 148.52 26819.62 -1.44 8805.31 21 -12.82 -18668.26 499 NAP NAP 3749 63 1477 -12.63
434 NAP Essar Shipping Ruia family Shipping 940.40 85.06 328.34 -30.44 -78.49 465 LL NAP 356.47 NAP 29.56 3912.37 -0.80 1169.93 232 -43.86 -4913.79 498 NAP NAP NAVL NAP 176 -10.94
468 NAP HMT Govt of India Engineering 874.76 256.64 175.74 -13.65 532.20 15 L2P 60.84 74.45 NAP 135.69 3753.28 -0.90 -390.21 500 -51.60 -4180.16 497 -25.13 30.31 NAVL NAP 1008 17.09
256 117 GTL Infrastructure ^^ Diversified * Telecom (Ancillary) 1476.89 1.94 1462.73 3.76 -1474.67 499 HL NAP 733.88 NAP 489.89 4872.42 -1.77 2222.23 92 -43.16 -2745.54 496 NAP NAP 669 319 1767 -51.92
369 276 Visa Steel V. Saran Metals 1113.22 12.72 1118.46 13.18 -87.22 468 LL NAP 20.84 116.75 13.62 3480.80 -1.43 1053.75 265 -8.17 -2433.16 495 NAP NAP 387 396 182 -11.17
95 2 Hindusthan National Glass ^^ Sanjay & Mukul Somany Consumer Ancillary 2136.74 10.30 2097.00 10.43 -348.52 487 HL NAP 120.39 NAP 170.62 2225.04 -2.90 1536.53 167 -19.20 -766.36 494 NAP NAP 1125 233 124 -58.77
303 297 JITF Infra Logistics Jindal Group Logistics 1265.11 35.15 1234.79 32.92 -143.85 477 LL NAP 253.04 169.18 144.62 2931.43 -3.83 2352.63 88 24.44 -766.22 493 NAP NAP NAVL NAP 337 -23.33
100 184 Bombay Dyeing Nusli Wadia Textiles 2113.86 71.14 2000.92 67.66 -460.32 490 LL NAP 524.00 NAP 468.20 4441.75 -6.08 3707.84 53 -7.32 -730.63 492 NAP NAP 492 368 2005 -33.20
47 NAP Madras Fertilizers ^^ Govt of India Agrochem 2380.04 54.43 2302.16 50.19 162.05 151 5546.34 6.81 99.54 40.80 31.81 1736.03 -3.44 1272.73 211 75.79 -505.39 491 92.85 15.02 511 360 809 77.61
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FOOTNOTES: 357 COMPANIES IN THE FORTUNE INDIA NEXT 500 LIST HAVE CONSOLIDATED FINANCIALS, WHILE 143 ARE STANDALONE; Rs CRORE NUMBERS HAVE BEEN ROUNDED OFF TO THE NEAREST INTEGER; DIVERSIFIED: DIVERSE OWNERSHIP; R-E: RE-ENTRY OF A COMPANY IN THE LIST; NEW: DEBUT OF A COMPANY; L2P: LOSS TO PROFIT; HL: COMPANIES WITH HIGHER LOSSES OVER PREVIOUS YEAR; LL: COMPANIES WITH LOWER LOSSES OVER PREVIOUS YEAR; P2L: PROFIT TO LOSS; NAP: NOT APPLICABLE; NAVL: NOT AVAILABLE; YOY % CHANGE IS NAP FOR ZF COMMERCIAL VEHICLE CONTROL SYSTEM SINCE INCORPORATION OF WHOLLY OWNED SUBSIDIARY ZF CV CONTROL SYSTEMS MANUFACTURING INDIA PVT. LTD. CAME INTO EFFECT FROM JAN 5, 2022, TECHPERSPECT SOFTWARE PVT. LTD. (TSPL) BECAME AN ASSOCIATE OF GULF OIL LUBRICANTS INDIA, IOL— FOUNDATION HAVE BEEN CONSIDERED IN THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS OF IOL CHEMICALS & PHARMA, FOR EKI ENERGY SERVICES, SUBSIDIARIES CONSIDERED IN THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS, GIC HOUSING FINANCE HAS FLOATED ITS WHOLLY OWNED SUBSIDIARY GICHFL FINANCIAL SERVICES PVT. LTD. ON JAN 27,2021 FOR SOURCING ITS HOME LOAN PRODUCTS, DCM NOUVELLE SPECIALTY CHEMICALS LTD. BECAME THE SUBSIDIARY OF DCM NOUVELLE FROM FEB 2, 2022 (COMPANY REPORTED CONSOLIDATED FINANCIALS IN FY22 AND STANDALONE IN FY21); YoY % CHANGE IS NAP FOR GLOBUS SPIRITS, NIPPON PAINT INDIA PVT. LTD., STOVE KRAFT, ARCHEAN CHEMICAL INDUSTRIES AS THEIR NUMBERS ARE NOT COMPARABLE; FERRERO INDIA PVT. LTD.’S FY22 NUMBERS ARE FOR 12 MONTHS WHEREAS FY21 NUMBERS ARE FOR 5 MONTHS; PROFIT AS % OF TOTAL INCOME AND RONW (%) ARE NAP FOR COMPANIES WHICH MADE HL, LL & P2L; NAP IS % OF EBITDA FOR BANKS, NBFCs, FINANCIAL SERVICES, BFSI AND COMPANIES WITH NEGATIVE EBITDA AND ZERO INTEREST; FOR BANKS, DEBT-EQUITY RATIO IS NOT APPLICABLE; ORIENTAL INFRA TRUST & TULSYAN NEC WAS INFREQUENTLY TRADED DURING THE PERIOD, SO T12M AVERAGE MARKET CAP AND TSR IS NAP; T12M AVERAGE MARKET CAP IS FOR TRAILING 12 MONTH PERIOD FROM JAN 31, 2022 TO JAN 31, 2023; T12M AVERAGE MCAP FOR FIVE-STAR BUSINESS FINANCE, RAINBOW CHILDRENS MEDICARE, UNIPARTS INDIA, FUSION MICROFINANCE, ARCHEAN CHEMICAL INDUSTRIES, VEDANT FASHIONS, HARSHA ENGINEERS INTERNATIONAL, SYRMA SGS TECHNOLOGY, DCX SYSTEMS IS FROM DATE OF LISTING; SKY GOLD LTD. INFREQUENTLY TRADED DURING THE PERIOD; DUE TO AMALGAMATION BETWEEN GATEWAY EAST INDIA, GATEWAY RAIL FREIGHT LTD. AND GATEWAY DISTRIPARKS LTD. GATEWAY DISTRIPARKS LTD. RELISTED IN MARCH 2022; TSR IS TOTAL SHAREHOLDER RETURN (% CHANGE, JAN 31, 2023 OVER JAN 31, 2022; ^^ REFERS TO STANDALONE FINANCIALS; ^ REFERS TO UNLISTED;** TOTAL INCOME AND NET OPERATING INCOME ADJUSTED FOR THE COST OF TRADED GOODS; # COMPANY IS PART OF THE RP-SANJIV GOENKA GROUP, WHICH ALSO PUBLISHES FORTUNE INDIA; SOURCE: CAPITALINE, ANNUAL REPORTS