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 (%)
42 438 Panacea Biotec Rajesh Jain & Sandeep Jain Pharma 2397.38 280.99 661.23 5.83 1077.89 1 L2P 44.96 180.84 NAP 583.28 34.16 0.04 979.79 287 20.53 848.80 211 -63.73 -5.18 1058 245 923 -45.93
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
485 NAP DB Realty Diversified * Real Estate 839.63 58.05 219.43 793.44 26.93 392 L2P 3.21 285.72 NAP 112.07 3199.72 1.64 5093.27 38 32.14 1888.71 58 -15.48 -1.03 207 425 2573 -9.57
294 NAP Nippon Paint India ^^^ MNC FMCG 1311.17 NAP 1272.28 NAP -51.62 462 NAP NAP 0.64 NAP 230.68 0.00 0.00 592.92 423 NAP 571.86 322 -11.52 -11.37 NAVL NAP NAP NAP
470 431 JCT ^^ Thapar Man Mohan Textiles 870.15 34.45 804.12 22.34 9.62 434 -34.56 1.11 51.49 173.72 11.52 174.02 0.49 605.31 416 -1.49 55.40 477 -9.87 3.62 3969 60 317 -52.50
150 NAP Sastasundar Ventures Banwari Lal Mittal NBFCs 1838.01 233.24 1660.73 201.59 708.51 5 L2P 38.55 3.34 NAP 212.42 1.85 0.00 1209.34 224 400.02 908.20 191 -8.75 -7.96 NAVL NAP 1040 -39.84
374 480 Mafatlal Industries Arvind Mafatlal group Textiles 1099.10 93.16 990.80 64.35 28.76 387 L2P 2.62 18.63 1201.93 90.69 113.07 0.16 820.13 336 30.22 686.07 267 -0.76 1.60 948 261 365 18.74
236 NAP Prithvi Exchange India Ashok Kumar Kavad NBFC 1523.30 101.88 1518.34 100.60 0.08 445 L2P 0.01 0.36 NAP 12.38 3.94 0.14 31.60 499 8.89 27.40 481 -0.74 0.53 NAVL NAP 31 55.37
219 255 Healthcare Global Enterprises MNC Healthcare 1566.43 51.49 1394.78 38.21 53.73 338 L2P 3.43 97.77 54.85 197.51 914.68 1.05 1834.40 125 6.15 870.29 201 -0.62 4.62 5679 34 3867 15.02
330 348 Responsive Industries Atit Agarwal Plastics 1206.14 50.93 1103.42 46.01 0.07 446 -99.83 0.01 17.86 16.27 48.84 235.55 0.24 1243.69 218 3.33 968.51 176 0.01 2.21 279 417 3895 -37.43
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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