BT 500

32 BAJAJ AUTO

Metric change
Market Cap Rs 66,897.05 cr +8.4%
Income Rs 23,107.43 cr +5.5%
Profit after tax Rs 2,814.0 cr -13.4%
PAT as % of capital employed 27.49 % -25.3%
EPS Rs 107.59 -4.0%
PAT as % of net worth 27.72 % -25.3%
All metric values are for FY15 except for market cap, which is H1FY16

Rank trend

'06 '07 '08 '09 '10 '11 '12 '13 '14 '15 How the company performed in the sector

Market Cap

'06 '07 '08 '09 '10 '11 '12 '13 '14 '15

PAT as % of net worth

'06 '07 '08 '09 '10 '11 '12 '13 '14 '15

Income

'06 '07 '08 '09 '10 '11 '12 '13 '14 '15

Profit after tax

'06 '07 '08 '09 '10 '11 '12 '13 '14 '15

Cash & Bank balance

'06 '07 '08 '09 '10 '11 '12 '13 '14 '15

Debt

'06 '07 '08 '09 '10 '11 '12 '13 '14 '15

Total Assets

'06 '07 '08 '09 '10 '11 '12 '13 '14 '15

EPS

'06 '07 '08 '09 '10 '11 '12 '13 '14 '15
Analysis & visuals by GRAMENER
INVESTOR-PLATTER

BT500 - Top 500 Indian Companies List, Report Card, Ranking, Comparison

BT500 Report Card

BT500 Report Card

Top 10 Companies In 2022

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Market Cap: Rs. 17.01 Lakh Cr

Tata Consultancy Services Ltd.
2

Tata Consultancy Services Ltd.

Market Cap: Rs. 12.81 Lakh Cr

HDFC Bank Ltd.
3

HDFC Bank Ltd.

Market Cap: Rs. 8.11 Lakh Cr

Infosys Ltd
4

Infosys Ltd.

Market Cap: Rs. 6.93 Lakh Cr

Hindustan Unilever Ltd.
5

Hindustan Unilever Ltd.

Market Cap: Rs. 5.54 Lakh Cr

ICICI Bank Ltd.
6

ICICI Bank Ltd.

Market Cap: Rs. 5.33 Lakh Cr

Housing Development Finance Corporation Ltd.
7

Housing Development Finance Corporation Ltd.

Market Cap: Rs. 4.46 Lakh Cr

State Bank Of India
8

State Bank Of India

Market Cap: Rs. 4.43 Lakh Cr

Life Insurance Corporation of India
9

Life Insurance Corporation of India

Market Cap: Rs. 4.43 Lakh Cr

Bharti Airtel Ltd.
10

Bharti Airtel Ltd.

Market Cap: Rs. 4.18 Lakh Cr

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Total Income: Rs. 7.15 Lakh Cr

Indian Oil Corporation Ltd.
2

Indian Oil Corporation Ltd.

Total Income: Rs. 5.93 Lakh Cr

Oil & Natural Gas Corporation Ltd.
3

Oil & Natural Gas Corporation Ltd.

Total Income: Rs. 5.41 Lakh Cr

industan Petroleum
4

Hindustan Petroleum Corporation Ltd.

Total Income: Rs. 3.52 Lakh Cr

Bharat Petroleum Corporation Ltd.
5

Bharat Petroleum Corporation Ltd.

Total Income: Rs. 3.49 Lakh Cr

Tata Motors Ltd.
6

Tata Motors Ltd.

Total Income: Rs. 2.98 Lakh Cr

Tata Steel Ltd.
7

Tata Steel Ltd.

Total Income: Rs. 2.45 Lakh Cr

8

Rajesh Exports Ltd.

Total Income: Rs. 2.43 Lakh Cr

Hindalco
9

Hindalco Industries Ltd.

Total Income: Rs. 1.96 Lakh Cr

Tata Consultancy Services Ltd.
10

Tata Consultancy Services Ltd.

Total Income: Rs. 1.96 Lakh Cr

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Total Assets: Rs. 14.99 Lakh Cr

Oil & Natural Gas Corporation Ltd.
2

Oil & Natural Gas Corporation Ltd.

Total Assets: Rs. 5.82 Lakh Cr

NTPC Ltd.
3

NTPC Ltd.

Total Assets: Rs. 4.24 Lakh Cr

Indian Oil Corporation Ltd
4

Indian Oil Corporation Ltd.

Total Assets: Rs. 4.22 Lakh Cr

Bharti Airtel Ltd.
5

Bharti Airtel Ltd.

Total Assets: Rs. 3.44 Lakh Cr

Tata Motors Ltd.
6

Tata Motors Ltd.

Total Assets: Rs. 3.27 Lakh Cr

Larsen & Toubro Ltd.
7

Larsen & Toubro Ltd.

Total Assets: Rs. 3.17 Lakh Cr

Grasim Industries Ltd
8

Grasim Industries Ltd.

Total Assets: Rs. 2.89 Lakh Cr

Tata Steel Ltd.
9

Tata Steel Ltd.

Total Assets: Rs. 2.82 Lakh Cr

10

Power Grid Corporation of India Ltd.

Total Assets: Rs. 2.63 Lakh Cr

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Total PAT: Rs. 0.68 Lakh Cr

Oil & Natural Gas Corporation Ltd.
2

Oil & Natural Gas Corporation Ltd.

Total PAT: Rs. 0.48 Lakh Cr

Tata Steel Ltd.
3

Tata Steel Ltd.

Total PAT: Rs. 0.41 Lakh Cr

Tata Consultancy Services Ltd.
4

Tata Consultancy Services Ltd.

Total PAT: Rs. 0.38 Lakh Cr

5

Indian Oil Corporation Ltd.

Total PAT: Rs. 0.24 Lakh Cr

Vedanta Ltd.
6

Vedanta Ltd.

Total PAT: Rs. 0.24 Lakh Cr

Infosys Ltd.
7

Infosys Ltd.

Total PAT: Rs. 0.22 Lakh Cr

JSW Steel Ltd.
8

JSW Steel Ltd.

Total PAT: Rs. 0.2 Lakh Cr

Coal India
9

Coal India Ltd.

Total PAT: Rs. 0.17 Lakh Cr

Power Grid Corporation of India Ltd.
10

Power Grid Corporation of India Ltd.

Total PAT: Rs. 0.17 Lakh Cr

BT500 Rankings

Companies Comparison

Companies Comparison

Methodology

India's largest companies have been ranked based on market capitalisation by Business Today every year since 1992. This year's rankings are based on the average market capitalisation of the companies for the 12-month period from October 1, 2021 to September 30, 2022.

We began with a master sample of 4,271 listed and actively traded companies. We have used the BSE market capitalisation for all cases, except companies that are listed only on the NSE. Some 230 companies that were not traded on at least 20 per cent of the 249 total trading days in the October 2021-September 2022 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, we have also provided the average market capitalisation over the past two fiscals (FY22 and FY21), return on net worth (RONW) and return on capital employed (ROCE), in the tables. We have also ranked companies based on assets, profit after tax, total income and debt, and taken only consolidated numbers except in cases where companies don't report their consolidated results.

Data provider (ACE Equity) has not considered share of profit/loss of associates and joint ventures for calculating profit after tax wherever applicable.

Companies in the banking, financial services and insurance (BFSI) sector have not been ranked on these parameters as their method of capturing and measuring these metrics is markedly different. For most companies, the financial year ending is March 31. The exceptions have been mentioned in the footnotes below the tables. All data has been sourced from the ACE Equity database as on November 7, 2022.

A few companies have also changed their names in the past one year ended September 30. For instance, Ruchi Soya is now known as Patanjali Foods, Escorts has changed its name to Escorts Kubota, ABB Power to Hitachi Energy, Sterling and Wilson Solar to Sterling and Wilson Renewable Energy, Burger King India to Restaurant Brand Asia and Minda Industries to Uno Minda, among others.

*This is the average market capitalisation (October to September)
*ROCE stands for Return on Capital Employed
*RONW stands for Return on Net Worth

BT500 - Top 500 Indian Companies List, Report Card, Ranking, Comparison

BT500 Report Card

BT500 Report Card

Top 10 Companies In 2022

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Market Cap: Rs. 17.01 Lakh Cr

Tata Consultancy Services Ltd.
2

Tata Consultancy Services Ltd.

Market Cap: Rs. 12.81 Lakh Cr

HDFC Bank Ltd.
3

HDFC Bank Ltd.

Market Cap: Rs. 8.11 Lakh Cr

Infosys Ltd
4

Infosys Ltd.

Market Cap: Rs. 6.93 Lakh Cr

Hindustan Unilever Ltd.
5

Hindustan Unilever Ltd.

Market Cap: Rs. 5.54 Lakh Cr

ICICI Bank Ltd.
6

ICICI Bank Ltd.

Market Cap: Rs. 5.33 Lakh Cr

Housing Development Finance Corporation Ltd.
7

Housing Development Finance Corporation Ltd.

Market Cap: Rs. 4.46 Lakh Cr

State Bank Of India
8

State Bank Of India

Market Cap: Rs. 4.43 Lakh Cr

Life Insurance Corporation of India
9

Life Insurance Corporation of India

Market Cap: Rs. 4.43 Lakh Cr

Bharti Airtel Ltd.
10

Bharti Airtel Ltd.

Market Cap: Rs. 4.18 Lakh Cr

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Total Income: Rs. 7.15 Lakh Cr

Indian Oil Corporation Ltd.
2

Indian Oil Corporation Ltd.

Total Income: Rs. 5.93 Lakh Cr

Oil & Natural Gas Corporation Ltd.
3

Oil & Natural Gas Corporation Ltd.

Total Income: Rs. 5.41 Lakh Cr

industan Petroleum
4

Hindustan Petroleum Corporation Ltd.

Total Income: Rs. 3.52 Lakh Cr

Bharat Petroleum Corporation Ltd.
5

Bharat Petroleum Corporation Ltd.

Total Income: Rs. 3.49 Lakh Cr

Tata Motors Ltd.
6

Tata Motors Ltd.

Total Income: Rs. 2.98 Lakh Cr

Tata Steel Ltd.
7

Tata Steel Ltd.

Total Income: Rs. 2.45 Lakh Cr

8

Rajesh Exports Ltd.

Total Income: Rs. 2.43 Lakh Cr

Hindalco
9

Hindalco Industries Ltd.

Total Income: Rs. 1.96 Lakh Cr

Tata Consultancy Services Ltd.
10

Tata Consultancy Services Ltd.

Total Income: Rs. 1.96 Lakh Cr

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Total Assets: Rs. 14.99 Lakh Cr

Oil & Natural Gas Corporation Ltd.
2

Oil & Natural Gas Corporation Ltd.

Total Assets: Rs. 5.82 Lakh Cr

NTPC Ltd.
3

NTPC Ltd.

Total Assets: Rs. 4.24 Lakh Cr

Indian Oil Corporation Ltd
4

Indian Oil Corporation Ltd.

Total Assets: Rs. 4.22 Lakh Cr

Bharti Airtel Ltd.
5

Bharti Airtel Ltd.

Total Assets: Rs. 3.44 Lakh Cr

Tata Motors Ltd.
6

Tata Motors Ltd.

Total Assets: Rs. 3.27 Lakh Cr

Larsen & Toubro Ltd.
7

Larsen & Toubro Ltd.

Total Assets: Rs. 3.17 Lakh Cr

Grasim Industries Ltd
8

Grasim Industries Ltd.

Total Assets: Rs. 2.89 Lakh Cr

Tata Steel Ltd.
9

Tata Steel Ltd.

Total Assets: Rs. 2.82 Lakh Cr

10

Power Grid Corporation of India Ltd.

Total Assets: Rs. 2.63 Lakh Cr

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Total PAT: Rs. 0.68 Lakh Cr

Oil & Natural Gas Corporation Ltd.
2

Oil & Natural Gas Corporation Ltd.

Total PAT: Rs. 0.48 Lakh Cr

Tata Steel Ltd.
3

Tata Steel Ltd.

Total PAT: Rs. 0.41 Lakh Cr

Tata Consultancy Services Ltd.
4

Tata Consultancy Services Ltd.

Total PAT: Rs. 0.38 Lakh Cr

5

Indian Oil Corporation Ltd.

Total PAT: Rs. 0.24 Lakh Cr

Vedanta Ltd.
6

Vedanta Ltd.

Total PAT: Rs. 0.24 Lakh Cr

Infosys Ltd.
7

Infosys Ltd.

Total PAT: Rs. 0.22 Lakh Cr

JSW Steel Ltd.
8

JSW Steel Ltd.

Total PAT: Rs. 0.2 Lakh Cr

Coal India
9

Coal India Ltd.

Total PAT: Rs. 0.17 Lakh Cr

Power Grid Corporation of India Ltd.
10

Power Grid Corporation of India Ltd.

Total PAT: Rs. 0.17 Lakh Cr

BT500 Rankings

Companies Comparison

Companies Comparison

Methodology

India's largest companies have been ranked based on market capitalisation by Business Today every year since 1992. This year's rankings are based on the average market capitalisation of the companies for the 12-month period from October 1, 2021 to September 30, 2022.

We began with a master sample of 4,271 listed and actively traded companies. We have used the BSE market capitalisation for all cases, except companies that are listed only on the NSE. Some 230 companies that were not traded on at least 20 per cent of the 249 total trading days in the October 2021-September 2022 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, we have also provided the average market capitalisation over the past two fiscals (FY22 and FY21), return on net worth (RONW) and return on capital employed (ROCE), in the tables. We have also ranked companies based on assets, profit after tax, total income and debt, and taken only consolidated numbers except in cases where companies don't report their consolidated results.

Data provider (ACE Equity) has not considered share of profit/loss of associates and joint ventures for calculating profit after tax wherever applicable.

Companies in the banking, financial services and insurance (BFSI) sector have not been ranked on these parameters as their method of capturing and measuring these metrics is markedly different. For most companies, the financial year ending is March 31. The exceptions have been mentioned in the footnotes below the tables. All data has been sourced from the ACE Equity database as on November 7, 2022.

A few companies have also changed their names in the past one year ended September 30. For instance, Ruchi Soya is now known as Patanjali Foods, Escorts has changed its name to Escorts Kubota, ABB Power to Hitachi Energy, Sterling and Wilson Solar to Sterling and Wilson Renewable Energy, Burger King India to Restaurant Brand Asia and Minda Industries to Uno Minda, among others.

*This is the average market capitalisation (October to September)
*ROCE stands for Return on Capital Employed
*RONW stands for Return on Net Worth

BT500 - Top 500 Indian Companies List, Report Card, Ranking, Comparison

BT500 Report Card

BT500 Report Card

Top 10 Companies In 2022

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Market Cap: Rs. 17.01 Lakh Cr

Tata Consultancy Services Ltd.
2

Tata Consultancy Services Ltd.

Market Cap: Rs. 12.81 Lakh Cr

HDFC Bank Ltd.
3

HDFC Bank Ltd.

Market Cap: Rs. 8.11 Lakh Cr

Infosys Ltd
4

Infosys Ltd.

Market Cap: Rs. 6.93 Lakh Cr

Hindustan Unilever Ltd.
5

Hindustan Unilever Ltd.

Market Cap: Rs. 5.54 Lakh Cr

ICICI Bank Ltd.
6

ICICI Bank Ltd.

Market Cap: Rs. 5.33 Lakh Cr

Housing Development Finance Corporation Ltd.
7

Housing Development Finance Corporation Ltd.

Market Cap: Rs. 4.46 Lakh Cr

State Bank Of India
8

State Bank Of India

Market Cap: Rs. 4.43 Lakh Cr

Life Insurance Corporation of India
9

Life Insurance Corporation of India

Market Cap: Rs. 4.43 Lakh Cr

Bharti Airtel Ltd.
10

Bharti Airtel Ltd.

Market Cap: Rs. 4.18 Lakh Cr

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Total Income: Rs. 7.15 Lakh Cr

Indian Oil Corporation Ltd.
2

Indian Oil Corporation Ltd.

Total Income: Rs. 5.93 Lakh Cr

Oil & Natural Gas Corporation Ltd.
3

Oil & Natural Gas Corporation Ltd.

Total Income: Rs. 5.41 Lakh Cr

industan Petroleum
4

Hindustan Petroleum Corporation Ltd.

Total Income: Rs. 3.52 Lakh Cr

Bharat Petroleum Corporation Ltd.
5

Bharat Petroleum Corporation Ltd.

Total Income: Rs. 3.49 Lakh Cr

Tata Motors Ltd.
6

Tata Motors Ltd.

Total Income: Rs. 2.98 Lakh Cr

Tata Steel Ltd.
7

Tata Steel Ltd.

Total Income: Rs. 2.45 Lakh Cr

8

Rajesh Exports Ltd.

Total Income: Rs. 2.43 Lakh Cr

Hindalco
9

Hindalco Industries Ltd.

Total Income: Rs. 1.96 Lakh Cr

Tata Consultancy Services Ltd.
10

Tata Consultancy Services Ltd.

Total Income: Rs. 1.96 Lakh Cr

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Total Assets: Rs. 14.99 Lakh Cr

Oil & Natural Gas Corporation Ltd.
2

Oil & Natural Gas Corporation Ltd.

Total Assets: Rs. 5.82 Lakh Cr

NTPC Ltd.
3

NTPC Ltd.

Total Assets: Rs. 4.24 Lakh Cr

Indian Oil Corporation Ltd
4

Indian Oil Corporation Ltd.

Total Assets: Rs. 4.22 Lakh Cr

Bharti Airtel Ltd.
5

Bharti Airtel Ltd.

Total Assets: Rs. 3.44 Lakh Cr

Tata Motors Ltd.
6

Tata Motors Ltd.

Total Assets: Rs. 3.27 Lakh Cr

Larsen & Toubro Ltd.
7

Larsen & Toubro Ltd.

Total Assets: Rs. 3.17 Lakh Cr

Grasim Industries Ltd
8

Grasim Industries Ltd.

Total Assets: Rs. 2.89 Lakh Cr

Tata Steel Ltd.
9

Tata Steel Ltd.

Total Assets: Rs. 2.82 Lakh Cr

10

Power Grid Corporation of India Ltd.

Total Assets: Rs. 2.63 Lakh Cr

Reliance Industries Ltd.
1

Reliance Industries Ltd.

Total PAT: Rs. 0.68 Lakh Cr

Oil & Natural Gas Corporation Ltd.
2

Oil & Natural Gas Corporation Ltd.

Total PAT: Rs. 0.48 Lakh Cr

Tata Steel Ltd.
3

Tata Steel Ltd.

Total PAT: Rs. 0.41 Lakh Cr

Tata Consultancy Services Ltd.
4

Tata Consultancy Services Ltd.

Total PAT: Rs. 0.38 Lakh Cr

5

Indian Oil Corporation Ltd.

Total PAT: Rs. 0.24 Lakh Cr

Vedanta Ltd.
6

Vedanta Ltd.

Total PAT: Rs. 0.24 Lakh Cr

Infosys Ltd.
7

Infosys Ltd.

Total PAT: Rs. 0.22 Lakh Cr

JSW Steel Ltd.
8

JSW Steel Ltd.

Total PAT: Rs. 0.2 Lakh Cr

Coal India
9

Coal India Ltd.

Total PAT: Rs. 0.17 Lakh Cr

Power Grid Corporation of India Ltd.
10

Power Grid Corporation of India Ltd.

Total PAT: Rs. 0.17 Lakh Cr

BT500 Rankings

Companies Comparison

Companies Comparison

Methodology

India's largest companies have been ranked based on market capitalisation by Business Today every year since 1992. This year's rankings are based on the average market capitalisation of the companies for the 12-month period from October 1, 2021 to September 30, 2022.

We began with a master sample of 4,271 listed and actively traded companies. We have used the BSE market capitalisation for all cases, except companies that are listed only on the NSE. Some 230 companies that were not traded on at least 20 per cent of the 249 total trading days in the October 2021-September 2022 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, we have also provided the average market capitalisation over the past two fiscals (FY22 and FY21), return on net worth (RONW) and return on capital employed (ROCE), in the tables. We have also ranked companies based on assets, profit after tax, total income and debt, and taken only consolidated numbers except in cases where companies don't report their consolidated results.

Data provider (ACE Equity) has not considered share of profit/loss of associates and joint ventures for calculating profit after tax wherever applicable.

Companies in the banking, financial services and insurance (BFSI) sector have not been ranked on these parameters as their method of capturing and measuring these metrics is markedly different. For most companies, the financial year ending is March 31. The exceptions have been mentioned in the footnotes below the tables. All data has been sourced from the ACE Equity database as on November 7, 2022.

A few companies have also changed their names in the past one year ended September 30. For instance, Ruchi Soya is now known as Patanjali Foods, Escorts has changed its name to Escorts Kubota, ABB Power to Hitachi Energy, Sterling and Wilson Solar to Sterling and Wilson Renewable Energy, Burger King India to Restaurant Brand Asia and Minda Industries to Uno Minda, among others.

*This is the average market capitalisation (October to September)
*ROCE stands for Return on Capital Employed
*RONW stands for Return on Net Worth