Which Business Is Most Profitable In India With Low Investment – Data available with Ace Equity showed that these top 10 players contributed 25 percent and 33 percent to the overall top line and bottom line, respectively, last year.
The combined bottom line of the country’s biggest loan and asset rose nearly 58 percent YoY to Rs 35,373.88 crore in the last financial year.
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India Inc reported a 50 percent increase in gross profit for the fiscal year ended March 31, while net sales rose 25 percent year-on-year (YoY). Data available with Ace Equity showed that the top 10 players contributed 25 percent and 33 percent to the overall top line and bottom line, respectively, last year. Here is a list of the most profitable companies in India.
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Energy-to-communications behemoth Reliance Industries has emerged as a leading player in terms of profitability. For the fiscal year ended March 31, the company posted a net profit of 60,705 million, an increase of 23.56 percent, compared to 49,128 million last year. On the other hand, the company’s sales increased by 48 percent last year to Rs 721634 million. Brokerage Financial Services Motilal Oswal is positive on RIL with a price target of Rs 2,935. The company’s shares traded 0.56 percent lower. at Rs 2764 in afternoon trade on June 6.
Oil and gas is next on the list. The company’s bottom line grew by 179 percent YoY to Rs 45,522 crore in FY22. On the other hand, net sales increased by 48 percent over the same period. Motilal Oswal also has a ‘Buy’ rating on ONGC with a price target of Rs 213, indicating a potential upside of 38 percent from the current price.
The company posted a 436 percent increase in net profit at Rs 40,153 crore in FY22 over Rs 7,490.22 crore in FY21. Net sales increased by nearly 57 percent YoY to Rs 2,42,326 crore. Centrum Broking is bullish on Tata Steel with a target price of Rs 1,492 crore.
He continued: “We have reduced our FY23 EBITDA by 11 per cent to Rs 43,600 crore to account for the reduction in the 15 per cent export tax imposed by the government on May 21, 2022 and rising coal prices. We keep our FY24 EBITDA unchanged. At a target price of Rs 1,492 (previously Rs 1,586), we value the India business at 6.0 times (previously 6.5 times) FY24E EV/EBITDA and Europe and Others at 4 times FY24E EV/EBITDA ,” the report said.
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The IT major reported a 17% growth in sales at Rs 191,754 crore in the year ended FY22. On the other hand, the company’s profit increased by 18.18 percent YoY to Rs 38,327 crore.
The private sector posted 19.54 percent YoY growth in net profit of Rs 38052 crore in the year ended FY22. The company’s sales increased by 5.74 percent YoY to Rs 1, 35, 936 crore during the same period. Emkay Global Financial Services is best for HDFC Bank with a price tag of Rs 1,800.
“We believe that HDFCL’s debt consolidation proposal will be RoE-appreciated in the long term as cost benefits will kick in, while merger uncertainties seem to be largely priced in at current prices. Hence, we maintain Buy on the stock due to “good value for our commitment”, according to the brokerage.
The private sector reported a net profit of Rs 25,110 crore in FY22, an increase of 36.58 percent YoY, compared to Rs 18,384 crore in FY21.
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The oil retailer posted a 16.01 percent rise in net profit from Rs 25,102.23 crore in FY22. On the other hand, net sales increased by 41.61 percent YoY to Rs.7,36,730.84 million during the same period.
Mortgage lender Housing Development Corporation posted a nearly 21 percent increase in net profit at Rs 22,594.69 crore in FY22. However, net sales increased by 1.10 percent to 50,084.84 million.
With a consolidated profit of Rs 22,110 crore, IT major Infosys is the tenth player in the company. The company’s profit increased by 14.26 percent in FY22 against a growth of 21.07 percent in sales profit of 121641 million. Market watchers say that ultimately it is the company’s profit that matters most to investors as they seek better return on their investment.
Business Today has compiled a list of the 25 most profitable companies in India listed on the stock market for the fiscal year 2021-22.
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There is a lot of speculation about the company’s market value and assets among investors. Many market observers say that ultimately it is the company’s profit that matters most to investors as they seek the best return on their investment. But many start listing for scholarships at higher rates based on expected salary. However, history shows that in the long run, only a few companies can deliver the expected profits, and other companies lag behind and cannot provide good returns to investors.
This is the primary reason why many conservative investors choose to invest in high-yielding companies in order to protect their investments from negative impacts.
Has compiled a list of the 25 most profitable companies in India listed on the stock market for the fiscal year 2021-22. Topping the list is state-owned Oil and Natural Gas Corporation (ONGC) with a profit of Rs 40,306 crore. Mukesh Ambani’s Reliance Industries (RIL) is second with a profit of Rs 39,084 crore. RIL has 17, 56, 046 million is the company’s market value on the Indian stock market. Next is Tata Consultancy Services (TCS), the crown jewel of the Tata Group, with a turnover of Rs 38,187 crore.
Figures provided by Ace showed that in the list, the fourth position is held by HDFC Bank (with a profit of 36,961 million), followed by Tata Steel (33,011 million), SBI (31,676 million), Oil Company in India (24,184 million), ICICI Bank, (23,339 million), Infosys (21,235 million) and Vedanta (17,245 million). Blog Careers Giving Partners FAQs Third Party Policy Contact Us Privacy Policy Digital Credit Privacy Policy Privacy Policy Terms of Service
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