BT 500 India’s Most Valuable Public Sector Companies

RANK COMPANY AVERAGE MARKET CAPITALISATION (Rs cr) TOTAL ASSETS (Rs cr)
2008 2007 Apr-Oct 2008 Apr-Oct 2007 2007-08 2006-07 2007-08 Rank

1 1 Oil & Natural Gas Corpn. 200,762.7 196,745.2 214,544.9 174,796.4 127,641.1 7
2 2 NTPC 140,895.0 143,592.1 160,059.6 107,124.1 95,899.0 13
3 6 NMDC 121,376.1 61,326.5 97,152.7 35,933.1 10,864.4 36
4 9 MMTC 110,767.0 38,943.1 83,370.0 11,476.8 9,431.2 38
5 4 State Bank of India 89,816.6 82,786.7 97,195.5 52,482.1 722,125.1 1
6 3 Bharat Heavy Electricals 76,935.8 84,374.4 94,808.7 54,610.8 36,532.3 26
7 5 Steel Authority of India 58,478.5 67,675.1 79,327.8 35,436.5 42,021.5 24
8 8 Indian Oil Corpn. 47,046.4 51,568.9 57,562.8 54,741.2 124,776.9 8
9 7 Power Grid Corpn. of India 37,962.4 53,074.6 53,250.1 NL 43,256.5 21
10 10 GAIL (India) 32,360.7 27,738.1 31,631.1 22,356.2 21,765.9 31
11 12 National Aluminium Co. 25,607.8 17,422.8 21,181.3 14,768.7 11,083.8 35
12 17 Neyveli Lignite Corpn. 18,150.8 13,642.4 20,478.2 10,642.8 15,355.0 33
13 23 Hindustan Copper 17,258.2 9,655.6 17,849.2 7,150.4 1,820.0 49
14 14 Punjab National Bank 14,847.6 16,261.1 17,262.4 14,351.8 199,048.8 2
15 11 Power Finance Corpn. 14,621.2 20,309.3 21,719.0 12,257.7 54,765.0 20
16 19 Bank of India 14,499.5 11,830.1 13,916.6 7,336.9 178,860.6 5
17 13 Infrastructure Development Finance Co. 13,503.5 16,337.1 19,578.2 8,007.1 28,635.6 28
18 18 Bharat Petroleum Corpn. 11,445.7 12,189.7 13,413.2 11,896.7 43,064.7 22
19 26 Mangalore Refinery & Petrochemicals 11,115.2 8,332.6 12,176.7 7,150.8 12,365.7 34
20 16 Container Corpn. of India 10,618.3 13,735.5 12,758.7 11,541.9 3,905.7 42
21 21 Bank of Baroda 9,700.8 10,394.2 11,692.9 8,654.8 179,599.5 4
22 20 Canara Bank 8,131.5 10,629.9 10,937.4 9,929.6 180,696.0 3
23 15 Bharat Electronics 7,953.7 14,228.8 13,812.8 9,834.0 8,079.6 40
24 NL Rural Electrification Corpn. 7,697.1 NL 9,232.4 NL 42,914.4 23
25 24 Hindustan Petroleum Corpn. 7,439.2 8,794.9 9,264.4 9,611.1 41,577.7 25
26 27 Union Bank of India 6,921.6 7,098.1 7,889.9 5,747.8 124,368.1 10
27 30 Shipping Corpn. of India 5,933.0 5,872.4 6,181.2 4,401.4 8,121.9 39
28 22 Mahanagar Telephone Nigam 5,839.7 9,764.9 9,636.3 9,836.9 23,060.8 30
29 25 IDBI Bank 5,763.0 8,652.8 8,962.8 5,442.2 130,694.4 6
30 28 Indian Overseas Bank 5,451.4 6,790.5 7,594.2 5,491.5 101,859.8 12
31 29 Indian Bank 5,101.4 6,027.1 6,799.0 3,861.5 70,507.7 17
32 35 Petronet LNG 4,405.6 4,707.0 5,406.2 3,732.6 4,326.8 41
33 40 Chennai Petroleum Corpn. 4,091.9 4,000.0 4,390.3 3,056.4 10,549.5 37
34 31 Oriental Bank of Commerce 4,079.1 5,654.0 5,875.3 5,320.8 90,705.3 14
35 33 Corporation Bank 4,030.1 4,987.2 5,098.4 4,548.1 66,616.1 18
36 42 Gujarat Mineral Devp. Corpn. 3,547.2 3,315.0 4,702.3 1,147.5 2,779.5 46
37 38 IFCI 3,410.6 4,100.2 4,476.2 906.5 18,685.7 32
38 34 BEML 3,262.7 4,898.1 5,270.4 3,925.0 3,410.5 44
39 43 Gujarat State Petronet 3,187.6 3,151.8 3,590.9 2,126.2 2,717.8 47
40 37 Syndicate Bank 3,174.1 4,200.3 4,552.6 3,835.6 107,132.3 11
41 46 Rashtriya Chemicals & Fertilizers 3,142.0 2,612.7 3,407.4 2,220.3 3,874.5 43
42 41 HMT 3,113.3 3,378.6 4,025.6 3,456.1 1,556.1 50
43 44 Engineers India 3,097.3 2,857.7 3,654.0 3,064.1 2,413.3 48
44 39 Allahabad Bank 2,940.2 4,020.2 4,329.5 3,578.5 82,943.5 16
45 36 Andhra Bank 2,934.6 4,256.3 4,375.3 3,937.5 56,624.4 19
46 47 UCO Bank 2,902.6 2,465.8 3,194.2 1,716.2 89,795.0 15
47 32 Central Bank of India 2,544.8 5,314.4 4,924.2 NL 124,463.6 9
48 45 State Bank of Mysore 2,539.7 2,712.4 3,039.6 1,942.5 33,069.7 27
49 49 LIC Housing Finance 2,525.3 1,705.6 2,088.0 1,422.8 23,221.5 29
50 48 National Fertilizers 2,440.9 1,727.9 2,398.0 1,654.1 2,962.1 45

NL=Not listed NA=Not available

 MMTC’S market cap increased by 184 per cent (over Rs 71,800 crore)
this year over last year, the highest among the PSUs

SALES (Rs cr) NET PROFIT (Rs cr) PROFIT AS % RONW (%) ROCE (%) EPS
2007-08 2006-07 Q-2 2008-09 Rank 2007-08 2006-07 Q-2 2008-09 Rank OF SALES (Rs)
2007-08

67,262.5 63,777.7 15,766.3 4 16,701.7 15,642.9 4,808.4 1 24.8 24.0 24.2 76.3
40,676.1 35,910.6 10,406.2 7 7,414.8 6,864.7 2,110.5 3 18.2 15.9 10.4 9.0
6,387.4 4,556.1 1,857.3 27 3,251.0 2,320.2 944.9 6 50.9 46.6 46.8 246.0
26,831.4 23,513.4 12,522.8 10 200.5 126.8 46.8 45 0.7 18.1 18.1 41.2
58,437.4 44,688.8 17,909.6 5 6,729.1 4,541.3 2,259.7 5 11.5 16.8 6.8 106.6
23,463.5 20,095.7 5,649.8 11 2,859.3 2,414.7 615.8 7 12.2 23.4 23.1 58.7
47,454.8 40,822.1 12,519.4 6 7,536.8 6,202.3 2,009.6 2 15.9 36.8 33.3 17.5
274,659.6 244,282.8 86,987.5 1 6,961.7 7,498.6 (7,047.1) 4 2.5 17.5 11.0 (100.9)
5,197.0 4,119.9 1,673.0 32 1,429.2 1,211.7 396.4 15 27.5 13.0 4.7 3.9
19,189.6 17,469.9 6,358.2 12 2,601.5 2,386.7 1,023.5 8 13.6 21.2 19.2 30.8
6,053.0 6,917.9 1,654.5 28 1,631.5 2,381.4 444.5 11 27.0 19.8 19.8 25.3
3,743.4 2,715.6 819.1 38 1,098.9 566.0 188.4 22 29.4 11.8 9.5 7.0
1,950.1 1,840.4 NA 46 246.5 313.9 NA 43 12.6 28.0 24.7 3.2
16,291.5 13,168.9 5,313.2 14 2,048.8 1,540.1 707.1 9 12.6 18.0 10.7 65.0
5,056.9 3,955.3 1,602.1 33 1,206.8 986.1 329.3 18 23.9 13.3 2.7 10.5
14,472.1 10,499.2 4,612.3 15 2,009.4 1,123.2 762.9 10 13.9 24.4 10.8 38.3
2,588.0 1,540.9 848.8 44 669.2 462.9 210.4 33 25.9 15.3 3.1 5.2
123,250.3 108,245.5 38,148.7 2 1,580.5 1,805.4 (2,625.3) 12 1.3 13.3 8.3 (198.2)
37,725.0 32,281.9 13,435.1 8 1,272.2 525.5 24.9 17 3.4 37.2 22.4 6.9
3,514.2 3,150.7 951.4 41 752.2 703.8 223.7 30 21.4 25.7 25.7 115.5
13,892.2 10,438.1 4,026.9 16 1,435.5 1,026.5 395.3 14 10.3 14.5 8.7 39.4
16,509.1 12,876.4 4,448.0 13 1,565.0 1,420.8 529.4 13 9.5 15.0 9.5 38.2
4,392.6 4,147.3 833.9 35 821.7 713.7 123.7 28 18.7 25.4 25.4 100.7
3,537.7 2,857.4 1,173.6 40 860.2 660.3 308.8 26 24.3 18.4 2.4 10.0
120,040.8 102,808.7 35,619.9 3 1,134.7 1,571.0 (3,218.9) 20 0.9 7.3 5.6 (206.0)
11,189.2 8,603.4 3,114.5 17 1,387.0 845.4 361.5 16 12.4 21.7 10.3 27.5
4,123.2 4,311.0 1,284.6 37 813.9 1,014.6 274.9 29 19.7 13.2 10.6 28.8
5,608.0 5,812.8 1,359.8 29 586.9 681.7 91.9 34 10.5 2.4 2.5 6.5
10,024.9 7,691.0 3,017.3 18 729.5 630.3 162.5 32 7.3 7.8 1.3 10.1
9,043.7 6,725.0 2,710.5 19 1,202.3 1,008.4 359.0 19 13.3 27.2 12.5 22.1
6,705.9 5,108.7 1,900.9 25 1,008.7 759.8 282.9 24 15.0 13.3 9.6 23.5
6,609.7 5,598.8 1,672.7 26 474.7 313.3 103.4 37 7.2 32.7 16.2 6.3
33,171.9 29,473.3 10,338.8 9 1,123.0 565.3 (102.7) 21 3.4 36.4 23.8 75.4
7,658.6 5,983.2 2,378.7 22 353.2 580.8 236.9 40 4.6 7.1 5.1 31.9
5,321.6 4,070.0 1,623.1 31 735.0 536.1 191.5 31 13.8 15.1 8.9 51.2
1,047.8 697.4 144.6 47 263.9 94.5 18.6 42 25.2 27.0 14.7 16.6
3,541.1 2,523.3 599.3 39 1,020.6 873.7 259.1 23 28.8 (26.2) (4.4) 4.6
2,819.5 2,660.2 635.5 43 225.7 204.9 55.5 44 8.0 14.9 15.1 54.2
447.3 339.5 125.8 49 99.9 89.4 28.4 49 22.3 9.7 5.2 1.8
8,846.7 6,750.1 2,527.0 21 848.1 716.1 261.9 27 9.6 21.4 11.5 16.3
5,349.6 3,655.2 2,629.8 30 158.2 148.7 84.4 47 3.0 9.4 8.5 2.8
251.5 438.4 55.1 50 (44.7) 54.3 (17.6) 50 (17.8) (5.5) (5.6) (0.9)
863.4 692.5 382.0 48 194.6 143.0 66.2 46 22.5 16.6 16.6 40.1
7,305.9 5,467.5 1,977.2 24 974.7 750.1 41.7 25 13.3 20.1 16.0 21.8
4,951.5 3,838.9 1,463.5 34 575.6 475.1 161.5 35 11.6 18.0 12.4 11.9
7,423.9 5,922.8 2,203.1 23 412.2 316.1 150.1 38 5.6 11.4 4.5 4.0
8,950.9 6,959.7 2,769.0 20 550.2 498.0 96.2 36 6.1 10.2 7.7 13.6
2,926.8 2,131.2 859.8 42 317.4 248.2 90.2 41 10.8 24.4 8.7 871.1
2,366.0 1,758.9 714.2 45 387.2 279.2 135.1 39 16.4 20.3 1.7 45.6
4,229.5 3,916.6 1,835.0 36 108.7 176.1 57.34 48 2.6 6.3 6.3 2.1
RONW= Return on networth
ROCE=Return on capital employed
EPS=Earning per share
Numbers in brackets indicate negative figure Source: CMIE Prowess, BSE and company websites