India's Top 500 Companies 2016

India's Top 500 Companies 2016



It is a great pleasure to present the sixteenth edition of ‘India’s Top 500 Companies’, Dun & Bradstreet’s premium publication. This publication has consistently served as a compendium on financial performance of corporate India’s top performing companies across a whole spectrum of diverse industries. The publication provides comprehensive comparative performance of these top companies for key financial indicators.

The real GVA at basic prices registered a growth of nearly 7.1% in FY15 compared to 6.6% in FY14. The momentum continued with GVA registering a growth of 7.3% during Q1-Q3 of FY16 as compared to 7.4% in the corresponding period of the previous fiscal. Macroeconomic developments coupled with market concerns about the growth of the Chinese economy and non-revival in the domestic demand conditions adversely impacted Corporate India. As a result, the total income of Top 500 Companies showed 4% de-growth for the first three quarters of FY16 as compared to the corresponding period of previous year.


Global prices of crude oil and other raw materials particularly metal declined in 2015 leading to softening of commodity prices. Continuing the downward trend, crude oil price declined from approximately $55 per barrel at the start of 2015 to less than $40 per barrel during end of 2015. Analysis of 300 companies from the manufacturing sector (whose data for raw materials and profit was available for 9M period of Apr-Dec 2015 and 2014) shows that raw material expenses of these companies slowed down by nearly 20% during Apr- Dec 2015 compared to corresponding period of previous year. As a consequence, these companies from the manufacturing sector managed to record profit growth of more than 10% for the same time period.

Prospects for the Indian economy have definitely brightened in view of abatement of high inflationary pressures and easing of interest rate cycle. In addition, the Union Budget’s reiterating thrust in investment in the infrastructure sector as well as policy initiatives undertaken by the current government has created an environment of optimism. However, high corporate debt continues to be a point of serious concern that Corporate India will need to manage prudently. As the Indian economy continues to evolve Dun & Bradstreet will continue to provide critical insights about Corporate India’s performance through ‘India’s Top 500 Companies 2016’.

I look forward to receiving your valuable feedback and suggestions.

Pawan Bindal
Dun & Bradstreet India