India’s Top 500 Value Creators 2023

40 | India’s Top 500 Value Creators 2023 [ OVERVIEW OF INDIA’S TOP 500 VALUE CREATORS ] Total income v/s Return on net worth margins, FY23 Source: D&B Research, Company Annual Reports Indicates sector revenue based on Top 500 companies’ classification for FY23 OVER HALF OF ANALYSED SECTORS SHOW STRONG PROFITABILITY WITH RONW EXCEEDING 15% ƒ Return on Net Worth (RoNW) represents companies’ profit earning capacity on the amount invested by shareholders. ƒ A total of 12 sectors out of the top 20 sectors have Return on Net Worth (RoNW) margins greater than 15% for FY23, including sectors like Mining – Metal & Minerals, Software and BPM, Food and Beverages, and Fertilisers, among others. ƒ High income sectors l ike Oil - Refining & Marketing, and Banks have registered relatively low Return on Net Worth margins of 9% and 14% respectively. Insurance, Iron & Steel, andCement have RoNW margins below 10% for FY23. CONCLUSION In the face of past and ongoing disruptions – including the COVID-19 pandemic and Russia-Ukraine war – figures from the 5-year and FY23 sectoral analys i s ref lect st rong comebacks, particularly those of the Banking and Automobile sectors. While government reforms, capital expenditure and domestic demand play a key role in enabling turnarounds, many sectors such as Fertilisers, Mining – Metals &Minerals, Food & Beverages have emerged out of distress by improving their operational efficiency and adapting to external risks and changing demand. In this way, business productivity dr i ven by improv ing ef f i c iency and business resilience driven by adaptability have steered sectors from the Indian economy to growth and profitability. Dun & Bradstreet