Top 10 Most Profitable Business – This comprehensive blog will provide you with a detailed list of the top 10 most profitable companies in India.
India is emerging as an economic powerhouse poised to make a major global impact in the coming years. We can know whether a particular company is in the top or largest companies in India based on their market cap.
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You can calculate the market cap for a particular company by multiplying the total number of shares outstanding by the current market price of each share.
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Tata Consultancy Services (TCS) is one of the most profitable companies in India. This company has earned around Rs. 38,327 crore for the financial year ending March 22.
The company holds the record for the world’s largest IT company with a market capitalization of $169.2 billion. It derives most of its revenue from software development and maintenance, followed by IT consulting.
TCS derives most of its revenue from its US customers. In 2020, the company brought in about $10.8 billion, which is Rs. 82,000 crores from the US.
Reliance Industries Limited (RIL) has slipped to second position for 2021-22. in the list of top grossing companies of the year, earning around Rs. 60,705 crores.
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The company is integrated with companies involved in energy, petrochemicals, textiles, natural resources, retail and telecommunications. However, RIL is the largest publicly traded company in India by market capitalization.
Housing Development Finance Corporation Limited (HDFC Ltd.) is one of the most profitable companies in India. They earned Rs. 22,595 crores in 2021-22. financial year.
HDFC is the parent company of various companies related to the financial services sector. It is also a major provider of housing finance in India.
The company is interested in banking, life and general insurance, asset management, venture capital, real estate, education, deposits and education loans.
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HDFC’s subsidiaries are HDFC Bank Limited, HDFC Standard Life Insurance Company Ltd., HDFC ERGO General Insurance Company Ltd., HDFC Asset Management Company Ltd., GRUH Finance, HDFC Venture Capital Ltd., HDFC RED and Credila Financial Services Private Ltd.
Infosys Ltd. is one of the most profitable companies in India with a profit of Rs. 22, 110 crores in 2021-22. for the year. It is also the second largest Indian IT company after Tata Consultancy Services (TCS).
The company has interests in various other industries such as aerospace and defense, agriculture, consumer goods packaging, financial services, healthcare, industrial manufacturing, insurance, life science, logistics, mining, oil and gas, retail, etc.
ITC is an Indian conglomerate and the second listed company under the Tata group. The company successfully generated revenue of Rs. 17,938 crore for the financial year ending March 21.
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Today, the company operates in industries such as cigarettes, FMCG, hotels, packaging, cardboard and specialty paper and agribusiness. However, the company still derives most of its revenue from the cigarette business.
HDFC Bank is an Indian banking and financial services company. It is also one of the most profitable companies in India. The company made a profit of Rs. 38,053 crores in 2021-22. for the year.
The company is India’s largest private sector bank by assets as well as the largest banking company by market capitalization.
Oil and Natural Gas Corporation (ONGC) is a multinational oil and gas company. It is owned by the Ministry of Petroleum and Natural Gas, Government of India.
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The company got listed after earning Rs. 16,249 crores. ONGC produces about 70% of India’s crude oil and about 84% of its natural gas.
The company is also India’s largest profitable PSU and the 7th most profitable company in India.
ONGC also holds a 51.11% stake in another Indian state-owned oil and natural gas company, Hindustan Petroleum Corporation Limited (HPCL).
Coal India Limited (CIL) is a coal mining and processing company owned by the Government of India. The company made a profit of Rs. 12,700 crores in 2020-21. for the year.
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Coal India is also the largest coal producing company in the world. Currently, they aim to reach 1 billion tons by 2024. It currently accounts for about 82% of the total coal production in India.
Its subsidiaries are Bharat Coking Coal Ltd. (BCCL), Central Coalfields Ltd. (CCL), Eastern Coalfields Ltd. (ECL), Mahanadi Coalfields Ltd. (MCL), Northern Coalfields Ltd. (NCL), South Eastern Coalfields Ltd. (SECL), Western Coalfields Ltd. (WCL), Central Mine Planning and Design Institute (CMPDI), North Eastern Coalfields, Coal, India Africana Limitada and Dankuni Coal Complex.
Power Grid Corporation of India Limited is involved in the transmission of electricity owned by the Government of India. The company made a profit of Rs. 12,036 crores in 2020-21. for the year.
The company is responsible for about 50% of India’s total electricity supply through its transmission network. The company is also involved in the telecommunication business through the company POWERTEL.
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National Thermal Power Corporation Limited (NTPC) is involved in power generation and allied activities. The company made a profit of Rs. 14,635 crores in 2020-21. for the year.
NTPC is another government company to be included in this list. The company produces and then sells electricity to state-owned electricity distribution companies and State Electricity Boards.
Is a one-stop shop for all financial resources. We write about finance, trade, investment and economics. Follow us on Twitter, Facebook and Youtube Data available with Ace Equity showed that these top 10 players contributed 25 percent and 33 percent of total top line and 33 percent respectively in the previous financial year.
The country’s largest lender by assets consolidated bottom line rose nearly 58 percent year-on-year to Rs 35,373.88 billion in the previous financial year.
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India Inc reported over 50% growth in consolidated net profit for the financial year ended March 31, while net sales rose 25% year-on-year (YoY). Data available to Ace Equity showed that the top 10 players accounted for 25 percent and 33 percent of the total top line and bottom line respectively in the previous financial year. Here is the list of most profitable companies in India.
Power and telecom juggernaut Reliance Industries emerged as the top player in terms of net profit. For the financial year ended March 31, the company posted a consolidated net profit of Rs 60,705 crore, up 23.56% from Rs 49,128 crore a year ago. On the other hand, the company’s net sales rose 48% year-on-year to Rs 721,634 crore. Brokerage Motilal Oswal Financial Services is positive on RIL with a target price of Rs 2,935. Shares of the company fell 0.56 percent to Rs 2,764 in afternoon trade on June 6.
Next on the list is an oil and gas company. The company’s consolidated profit rose 179% year-on-year to Rs 45,522 crore in FY22. On the other hand, net sales increased by almost 48 percent during the same period. Motilal Oswal also has a ‘Buy’ rating on ONGC with a target price of Rs 213, suggesting a 38 percent upside from the current market price.
The company reported over 436 percent growth in net profit at Rs 40,153 MJ in FY22 compared to Rs 7,490.22 crore in FY21. Net sales rose nearly 57 percent year-on-year to Rs 2,42,326 crore. Centrum Broking is bullish on Tata Steel with a target price of Rs 1,492.
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“We are cutting our FY23 EBITDA by 11 percent to Rs 43,600 crore to reflect the 15 percent export tax levied by the government on May 21, 2022 and higher coking coal prices. We keep our FY24 EBITDA unchanged. We have a target price of Rs 1,492 (previously Rs 1,586), valuing the India business at 6.0 times (previously 6.5 times) FY24E EV/EBITDA and Europe & Others at 4 times FY24E EV/EBITDA,” the brokerage said. report.
The IT major reported nearly 17 percent growth in net sales at Rs 191,754 crore for the year ended FY22. On the other hand, the company’s net profit rose 18.18% year-on-year to Rs 38,327 crore.
The private sector lender reported 19.54% year-on-year growth in net profit at Rs 38,052 crore in FY22. The company’s net sales rose 5.74% year-on-year to Rs 1,35,936 crore during the same period. Emkay Global Financial Services is positive on HDFC Bank with a target price of Rs 1,800.
“We believe that the proposed merger of HDFCL’s mortgage business will be RoE accretive in the long term due to increased cost benefits, while the uncertainty surrounding the merger appears to be largely driven by the current valuation. Hence, we maintain Buy on the stock given a reasonable upside to our target price, ”said the brokerage.
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The private sector lender reported a profit of Rs 25,110 crore in FY22, up 36.58% year-on-year from Rs 18,384 crore in FY21.
The petroleum retailer posted a 16.01% rise in net profit at Rs 25,102.23 crore in FY22. On the other hand,
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