Business Today 22 December 2024

Reliance Industries, led by Mukesh Ambani, has once again secured the top spot in this year’s BT500 ranking of India’s most valuable companies. This marks yet another feather in the cap for the conglomerate, which has dominated the rankings over the years. The 33rd annual ranking demonstrates the resilience and adaptability of India Inc. that has ridden the fair tides of growth in the post-pandemic era. This year’s BT500 edition, helmed by Rahul Oberoi and Prince Tyagi, highlights significant trends in market capitalisation, income, profitability, and financial assets of India’s corporate giants. Additionally, it features the BT Billionaires list, showcasing India’s wealthiest promoters, with the Top 5 being Mukesh Ambani, Gautam Adani, Sunil Bharti Mittal, the Bajaj family, and Kumar Mangalam Birla. The consolidated market capitalisation of BT500 companies surged…

THE BIG GUNS The Top 100 companies contributed more than ₹250 lakh crore in this year’s cumulative average market capitalisation* Figures in ₹ lakh crore; *Sum of average m-cap from October 2023 to September 2024 BFSI BOOST With a market cap of ₹87 lakh crore, the BFSI sector continues to lead in the BT500 list RISING VALUATIONS The average market capitalisation of BT500 companies rose for the fifth straight year amid heavy buying in the domestic equity markets FII BETS Global investors hold at least 50% stake in 10 of the BT500 companies this year Figures show FII stake in %; Data as of September 30, 2024 MF FAVOURITES Domestic institutional investors held more than 30% stake in 11 of the BT500 companies this year Figures shows MF stake in…

BETWEEN OCTOBER 2023 and September 2024, the BSE Sensex—the stock market’s barometer—jumped 28%, climbing from the 65,828-mark in September 29, 2023 to an impressive 84,300 on September 30, 2024. This upswing in the 30-share BSE Sensex wasn’t just numbers on a chart; it also represented massive wealth creation. But the markets have been in a correction mode since then. Nearly ₹102 lakh crore was added to the market capitalisation (m-cap) of the BT500 companies, bringing their total valuation to a staggering ₹363 lakh crore. To put that in perspective, the Union government had proposed a budget of ₹100 lakh crore for infrastructure over five years in 2019-20—a figure this surge in m-cap has matched in just 12 months. And the Top 4 companies on the BT500 list—Reliance Industries Ltd, TCS, and…

THE COUNTRY’S MOST valued companies have been ranked based on market capitalisation by Business Today every year since 1992. Like previous years, this year’s rankings are based on their average market capitalisation for the 12-month period from October 1, 2023, to September 30, 2024. We began with a master sample of around 4,800 listed firms. We used the BSE market capitalisation for all cases, except firms that are listed only on the NSE. Some 319 companies that were not traded on at least 20% of the 248 total trading days in the October 2023-September 2024 period were excluded from the list. Thereafter, we extracted the average (daily) market capitalisation of each company over the period under consideration and used it to rank the Top 1,000 companies. For a deeper perspective,…

GOLIATHS OF GROWTH *FOR THE STUDY PERIOD OCTOBER 1, 2023, TO SEPTEMBER 30, 2024 #MANY OF THE SUBSIDIARIES FALL UNDER THE BANK; ^INCLUDES CENTRAL AND STATE PSUs SOURCE: ACE EQUITY; ONLY FIRMS THAT ARE A PART OF THE BT500 LIST HAVE BEEN CONSIDERED 1. THE HOUSE OF TATAS • Tata Consultancy Services ------------------2 • Titan Company --------------------------------21 • Tata Motors ------------------------------------22 • TataSteel --------------------------------------43 • Trent ---------------------------------------------50 • Tata Power Company -----------------------67 • Tata Consumer Products ------------------- 77 109 • Tata Communications ---------------------163 • TataElxsi --------------------------------------173 • TataTechnologies -------------------------180 • Voltas ------------------------------------------186 • Tata Investment Corporation -----------242 • TataChemicals -----------------------------255 • TejasNetworks -----------------------------340 • Tata Teleservices (Maharashtra) -------344 NOTE NUMBERS INDICATE RANK ON THIS YEAR’S BT500 LIST 2. RELIANCE INDUSTRIES • RelianceIndustries ------------------------------------------------1 • JIO Financial Services ------------------------------------------41 •…

ROBUST INFLOWS FROM domestic investors supported the Indian equity market during this year’s study period (October 2023 to September 2024) of the BT500 list of India’s most valuable companies. Overall, the average market capitalisation (m-cap) of the BT500 firms rose 39% by ₹102 lakh crore to ₹363 lakh crore over the previous study period. Meanwhile, the broader equity markets outpaced large-caps with wider margins. The benchmark BSE Sensex and NSE Nifty 50 index witnessed a 28% and 31% rise, whereas the BSE MidCap and SmallCap indices surged 53% and 52%, respectively, during the same period. The Nifty Midcap 100 and Nifty Smallcap 250 gained 48% and 51%, respectively. However, while some, like Cochin Shipyard, saw a huge jump in market capitalisation, others, like some Adani Group firms witnessed a significant…