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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 (%)
31 NAP P.N. Gadgil & Sons (**)^^^ Govind Gadgil & Dr Renu Gadgil Gems & Jewellery 2504.13 15.56 2496.21 15.58 102.75 236 -24.28 4.10 30.56 17.22 42.79 375.58 0.80 856.51 327 17.18 471.23 357 24.51 21.40 NAVL NAP NAP NAP
32 NAP Volvo Group India ^^^ MNC Auto 2498.01 10.87 2451.35 11.86 122.41 205 191.52 4.90 28.88 15.34 253.95 233.24 0.26 1329.42 198 10.71 907.72 192 14.49 14.13 NAVL NAP NAP NAP
33 NAP JB Chemicals & Pharma MNC Pharma 2480.92 12.97 2424.24 18.69 385.36 32 -13.97 15.53 5.12 0.94 58.53 54.56 0.03 2210.06 93 17.81 2134.13 49 19.58 25.01 4340 51 13762 18.62
34 146 Sangam India Sangam Group Textiles 2480.57 84.98 2437.76 79.38 139.94 181 3223.99 5.64 47.80 16.20 22.30 764.01 1.07 1479.94 173 29.61 715.93 255 22.18 17.69 12000 12 1268 -41.88
35 NAP KPIT Technologies Diversified * IT Services 2477.40 20.46 2432.39 19.48 274.23 66 87.65 11.07 19.40 4.42 892.80 227.23 0.17 1670.44 153 13.07 1309.57 113 21.96 23.26 2494 102 16441 18.55
36 100 DCW ^^ P.K. Jain Chemicals 2456.95 63.56 2454.74 67.64 107.51 225 2736.68 4.38 113.07 34.81 112.44 555.81 0.69 1425.93 187 3.86 801.82 226 14.44 18.32 1957 146 1295 9.84
37 98 Linde India MNC Industrial Gas 2445.05 61.80 2111.96 43.56 507.22 19 235.68 20.74 3.05 0.56 987.97 24.29 0.01 2853.42 71 21.69 2714.88 36 12.44 16.41 242 421 27638 21.70
38 NAP Canon India ^^^ MNC Consumer Durables 2436.09 34.40 2363.84 31.58 116.80 211 59.32 4.79 13.93 7.84 525.07 0.00 0.00 1012.17 278 11.93 912.45 190 13.66 17.95 NAVL NAP NAP NAP
39 246 HEG LNJ Bhilwara Group Steel Ancillary 2433.03 126.89 2201.61 75.26 431.04 26 L2P 17.72 7.49 1.42 601.67 664.68 0.17 4588.46 42 20.73 3913.63 14 11.64 13.54 837 283 4449 -29.66
40 NAP Crisil MNC NBFC 2423.53 17.36 2300.69 16.09 465.81 21 31.31 19.22 8.93 NAP 294.35 0.00 0.00 1702.12 144 12.14 1578.42 82 32.23 38.97 3973 59 22804 13.99
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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