India’s Top 500 Value Creators 2023

India’s Top 500 Value Creators 2023 | 35 [ OVERVIEW OF INDIA’S TOP 500 VALUE CREATORS ] TOP 20 VALUE CREATOR SECTORS: SPOTLIGHT ON FIVE-YEAR GROWTH (FY19 TO FY23) For Dun & Bradstreet’s Top 500 Value Creators 2023 rankings, the companies have been classified under 52 distinct sectors based on their economic activity. However, for sectoral analysis, we have restricted to top 20 sectors, identified based on their revenue for FY 23. To understand the growth of these sectors and cull out the outperforming and laggard sectors through the 5-year cycle, the total income and net profits during FY19 to FY23 has been considered. The top 20 sectors account for 84% of the total income and 86% of net profits of the Top 500 Value Creators of 2023. Income vs Profit growth 5 years Source: D&B Research, Company Annual Reports Indicates sector revenue based on 1 Current GDP Top 500 companies’ classification for FY23 FERTILISERS, FOOD & BEVERAGES LEAD ON INCOME GROWTH WHILE AUTO SECTOR TRAILED In the last five years, the Fertilisers and Food & Beverage (F&B) sectors have recorded the highest income growth of 21.2% and 17.9% respectively. The strong domestic demand for fertilisers in India as well as allocation of government subsidies contr ibuted to income growth for the sector. I nc reas i ng urban i za t i on and growth in two-income households as wel l as a young population have driven the growth in the Food & Beverage sector. Au to- re l a t ed sec tor s have recorded the lowest growth rate among all top 20 sectors in the last five years – Automobiles at 6.3% and Automobile - Two/ Three Wheelers at 4.5%. In the last three years, the auto sector has been negatively impacted by pandemi c- i nduced res t r i c t i ons on mobility, higher fuel prices, steep rise in vehicle prices dr i ven by sh i f t to BSV I emission norms, and supply chain disrupt ions caused by semi conduc t or ch i p shortages. The total income growth of the top 20 sectors averaged 12% during FY19 to FY23 as compared to 6.3% current GDP growth during the same period which signifies strong outperformance – 18 out of the top 20 sectors have grown above GDP growth rate. Dun & Bradstreet