India’s Top 500 Companies 2019

INDIA’S TOP 500 COMPANIES 2019 88 Aggregate Average Market Capitalisation jumps by 30.4% in FY18 The capital markets have a representative role inmirroring the country’s economic and business performance. The average market capitalization of the Top 500 companies which stood at ` 4.5 tn in the 1997 edition increased to ` 122.9 tn in the 2019 edition (this edition analyses financial performance during FY18) with a CAGR of 17.1%, reflecting the positive performance of Top 500 companies. Moreover, in FY18, the average market capitalization grew by 30.4% as compared to the previous year. Top 10 contributing sectors in terms of average market capitalisation Sectors Average market cap ( ` bn) FY18 Average market cap ( ` bn) FY17 Growth FY18 Banks 17,098.3 14,359.8 19.1 Software and BPM 11,767.8 11,270.9 4.4 Oil - Refining & Marketing 9,179.8 7,880.3 16.5 FIs / NBFCs / Financial Services 8,214.8 6,866.5 19.6 FMCG 5,301.3 4,363.5 21.5 Pharmaceuticals 5,197.1 5,430.9 -4.3 Automobiles 4,959.6 4,328.9 14.6 Power 3,967.1 3,950.7 0.4 Insurance 3,669.3 548.7 568.8 Tobacco Products 3,482.3 3,510.1 -0.8 Source: Dun & Bradstreet Research The top 10 sectors in terms of share in average market capitalisation contributed to almost 59.2% of the total average market capitalisation of Top 500 Companies in FY18. During the year, the Pharmaceuticals and Tobacco Products sectors witnessed a modest y-o-y decline in their average market capitalisation. However, the Insurance sector, which has been included in the publication for the first time, posted a multi-fold growth. Further, barring the Software and BPM & Power sectors, all of the other top 10 sectors reported a double digit growth in average market capitalisation during the year. Dun & Bradstreet