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‘India’s Top 500 Companies 2016’ includes private sector companies and public sector enterprises (PSEs) listed on the Bombay Stock Exchange (BSE) and/or the National Stock Exchange (NSE), India’s two major stock exchanges.
Standalone total income remains the primary criteria for the initial shortlisting of companies. However the editorial team continues to use a diverse set of parameters to refine and arrive at the list of Top 500 companies. Such criteria include market capitalization and financial health (*). The list was filtered by exclusion criteria such as three year losses, negative net worth, number of trading days, and corporate governance records to arrive at the final list of Top 500 companies. Total income, net profit, and net worth continue to be the criteria used for ranking of companies in ‘Dun & Bradstreet India’s Top 500 Companies 2016’.
Companies that were listed until March 31, 2015 were considered for inclusion. However, companies that were delisted after March 31, 2015 were not considered. Exceptions for delisted entities were made for those companies which were delisted due to amalgamation/merger and the resulting new entity was listed post March 31, 2015.
Entities that were classified as suit-filed accounts (willful defaulters) of ` 2.5 mn and above, by Credit Information Bureau (India) Ltd. (CIBIL) are excluded from the publication.
* Weak macroeconomic conditions in India in the past few years have impacted the financial health of many Indian companies. There have been instances wherein companies faced difficulties in servicing their debt and have adopted different debt restructuring mechanisms such as joint lenders forum (JLF), 5:25 scheme, corporate debt restructuring (CDR) and strategic debt restructuring (SDR). In such cases (where information is public), an additional criteria set has been applied to include and exclude companies from the Top 500 list. Such companies have been marked in the publication with the symbol ‘@’ in company listings, wherever applicable.
This edition also features financial comparison of the profiled companies classified under different sectors. We have identified 55 distinct sectors for classifying companies. We have classified companies into respective sectors based on the company’s line of business falling within the defined scope of the sector as mentioned in the ‘Sector Definition’. In the case of companies operating in more than one sector, we have classified these companies based on the major source of the respective company’s income. The main source of information includes FY15 segmental revenues and other related business information. The ‘Diversified’ category includes companies operating in more than one segment, whereby no segment contributes more than 35% of the overall revenue of the company. ‘Others’ category comprises of companies, where the given company is the only Top 500 Company in its sector. Within each sector, the companies are further ranked on their total income.
All the financial information in the publication is based on standalone financials sourced from annual reports or audited financial statements. Financial information for the period ending between October 31, 2014 and September 30, 2015 is considered for the purpose of the publication. In effect for the majority of Top 500 Companies, the audited financial statements for the period ended March 31, 2015 have been considered. For companies where the published financial statement is for a period other than 12 months, the financials are annualized for the purpose of shortlisting, ranking, and profiling. Dun & Bradstreet excluded companies in the absence of unavailability of the annual reports at the time of compiling this publication. In general, all information used in the publication is from publically available relevant sources. The various financial computations are based on Dun & Bradstreet’s methodology and have been explicitly explained in the ‘Definitions and Calculations’ section. Companies with financial statements which have been qualified by auditors are marked with an asterisk (*).
Dun & Bradstreet has developed an in-house model for selecting top performing companies for awards in respective sectors. The model took into consideration key financial indicators in areas of business size, growth, profitability, leverage and solvency among others.
Each company featuring in the publication has been allotted a unique identification number to (D-U-N-S® - Data Universal Numbering System), which will help readers locate and obtain full-fledged business information reports on these companies from the Dun & Bradstreet database.
Sector Definition
Sector | Definition |
---|---|
Agro Chemicals | Manufacturing and distribution of chemicals used in agriculture industry. These chemicals include insecticide, pesticide, herbicide and related chemicals. The sector excludes fertilisers which are classified separately. |
Auto Components | Manufacturing and distribution of all types of auto ancillaries, such as engines, carburettors and shock absorbers. The sector excludes manufacturer of tyres and batteries, which are classified separately in the respective sectors. |
Automobile - Two/Three Wheelers | Manufacturing and distribution of Two/Three wheeler automobiles. |
Automobiles | Manufacturing and distribution of passenger vehicles, which include cars & sport utility vehicles (SUVs) and commercial vehicles. |
Banks | Companies operating with Banking license as issued by the Reserve Bank of India |
Batteries | Manufacturing of rechargeable batteries. The sector excludes manufacturing of dry cells |
Bearings | Manufacturing and distribution of bearings |
Cement | Manufacturing of cement, clinker & concrete |
Chemicals | Manufacturing and distribution of basic chemicals. The sector excludes fertilisers, plastics and petrochemicals which are classified separately in the respective sectors. |
Cigarettes | Manufacturing and distribution of cigarettes |
Coal & Coal Products | Mining & distribution of coal and coal products |
Construction - Infrastructure Development | Construction of infrastructure such as roads and bridges and other civil structures |
Consumer Durables & Appliances | Manufacturing and distribution of consumer appliances such as TVs, Fridge, Air conditioners etc. |
Diversified | Companies operating in multiple segments with no single business vertical as the major revenue contributor |
Electrical & Electronic | Manufacturing and distribution of products used to generate, distribute and use electrical power. Also included is the manufacturing of electrical lighting and electric household appliances |
Engineering Project/Capital Goods | Design, manufacturing and supply of industrial equipment and providing related EPC services |
Fertilisers | Manufacturing and distribution of fertiliser products such as urea, crude phosphate etc. The sector excludes manufacturing of agro chemicals such as pesticides. |
FIs / NBFCs / Financial Services | Companies engaged in providing various types of financial services other than banking services |
FMCG | Manufacturing and distribution of goods that are commonly available with relatively low unit value. Example: soaps, toothpaste, cosmetics etc. This sector excludes food & beverage products |
Food Products | Manufacturing and distribution of food products including snacks, fruits, vegetables, dairy products, meatpacking, dietary supplements, vegetable & other edible oils and related items |
Footwear | Manufacturing and distribution of shoes, sandals and other footwear products |
Gas - Processing, Transmission and Marketing | Manufacturing and distribution of natural gas through pipelines for both domestic and industrial purposes. This sector excludes the manufacturing of industrial gases |
Gems and Jewellery | Manufacturing and distribution of jewellery and related articles |
Glass and Ceramics | Manufacturing and distribution of all forms of glass (except glass jewellery) and ceramic products |
Graphite and Electrodes | Manufacturing and distribution of graphite and graphite related products such as electrodes. |
Hotels | Management and operation of hotels providing accommodation |
Iron and Steel | Manufacturing of basic iron and steel such as sheets and bars. |
Liquor | Manufacturing and distribution of all types of alcoholic beverages |
Media and Entertainment | Companies engaged in providing print and electronic media for information and entertainment purposes |
Metal Products | Manufacturing and distribution of finished metal products such as metal pipes and tubes among others |
Mining - Metals & Minerals | Companies involved in mining activities of metals & minerals |
Non Ferrous & Precious Metals | Manufacturing of metal products other than iron excluding companies which make finished products |
Oil - Refining and Marketing | Companies engaged in refining and supply of oil & gas products. Excluding companies involved in processing and supply of natural gas and petrochemicals which are covered in separate sector |
Oil & Gas Exploration | Companies involved in exploration for drilling and production of oil & gas resources |
Others | Companies with businesses/products not classified in any of the mentioned sectors |
Packaging and Allied Activities | Manufacturing and distribution of packaging material. |
Paints | Manufacturing and distribution of paints |
Paper & Paper Products | Manufacturing and distribution of paper and paper products |
Petrochemicals and Polymers | Manufacturing and distribution of petrochemical products such as PET resins, polystyrene among others |
Pharmaceuticals | Manufacturing and distribution of over-the-counter & prescription drugs and allied activities, including life science products |
Plastic and Plastic Products | Manufacturing and distribution of plastic and plastic products |
Power | Companies engaged in generation, transmission and distribution of electricity. |
Power Equipments | Manufacturing of equipments related to management of electrical energy and EPC services in the power transmission and distribution business |
Real Estate | Construction and development of residential and commercial infrastructure |
Retail | Sale of goods using multi-brand retail outlets |
Shipping | Water transport services for commercial purposes |
Software and ITeS | Companies engaged in providing various types of services related to information technology including consultancy. |
Specialty Oils and Lubricants | Companies engaged in production and distribution of lubricant oils. |
Sugar | Manufacturing and distribution of sugar |
Telecom Services | Companies providing fixed and mobile telecommunication services including data services |
Textiles | Manufacturing and distribution of textile fibres and finished textile products |
Trading | Companies engaged in trading activities of goods |
Transport and Logistics | Companies engaged in transportation and delivery services and allied activities for commercial as well as personal purposes |
Tyres | Manufacturing and distribution of tyres for automotive industry |
Wood & Wood Products | Companies engaged in providing finished wood and related products such as plywood |