Overview of the Top 500 Companies Most Valuable Sectors Most Profitable Sectors Endnote PREFACE|FOREWORD|EXECUTIVE SUMMARY|METHODOLOGY|ECONOMY UPDATE|INDUSTRY INSIGHTS|DEFINITION & CALCULATIONS AWARD WINNERS|COMPANY LISTING|LAUNCH EVENT|EDITORIAL TEAM|SPONSORS Alphabetical Listing Region Wise Listing Total Income Net Profit Net Worth Export Market Capitalisation NPM RoNW Sector

Definitions & Calculations

This section defines financial terms and ratio used in this publication.

• Total Income – Refers to the revenue plus other income. The revenue is the net of excise duties, sales tax, inter-unit transfers and other government levies. Interest and subsidies are added to Total Income.
• Net Profit – Is profit after tax excluding impact of prior-period, exceptional and extra-ordinary items. Tax includes all provisions required and any other tax adjustment specifically mentioned.
• Net Worth - Is the sum of share capital, equity equivalents and reserves & surplus. Equity equivalents includes share warrants, ESOP etc. Debit balance appearing in the profit and loss account, revaluation reserves, miscellaneous expenditure, and intangibles such as patents, goodwill, trademarks, copyrights, know-how, brands, licenses, rights, computer software and the likes are deducted from the Net Worth.
• Market Capitalisation - The companies were short listed on the basis of their market capitalisation on the Bombay Stock Exchange and the National Stock Exchange, India’s two main stock exchanges. An average of the market capitalisation for all trading days in FY07 was computed to arrive at the cut-off point for the short listing.
• EBITDA- Profit before tax plus interest plus depreciation and amortisation
• Net depreciation as mentioned in profit & loss account.
• Gross interest as mentioned in profit & loss account.
• Interest net of capitalization wherever available
• Long Term Debts – Considered based on the nature specified and mentioned in the annual reports.
• Exports – Includes FOB value of exports, deemed exports, revenues from the services such as consultancy rendered outside the geographical boundaries of the country.
• Dividend - Interim, special and final dividend on equity shares.

Ratios

Symbols used
* - Quantified auditor’s qualification
** - Auditor’s qualification not quantified
# - Annualised financials
^ - Abridged annual report
@ - Year end change from March to September, hence September 2007 financials considered
n.a.- Not applicable
NA – Not available