Top-10-companies-to-invest-in-India-based-on-Market-value
At the start of July 2023, the world saw Sensex reach a new milestone by crossing the 65000 mark. Just barely two weeks later, it reached another milestone by crossing the 67000 mark. While the Indian companies are making their mark within the country a few top companies in India are also considered to be global giants. Here is a list of the top 10 companies in India in terms of market capitalisation and their related details.
Reliance Industries Limited stands as a prestigious Fortune 500 company and holds the distinction of being India’s largest private sector corporation. Over the years, it has undergone a remarkable transformation, transitioning from its origins as a textiles and polyester company to becoming a dominant integrated player across diverse industries, encompassing energy, materials, retail, entertainment, and digital services. The breadth of Reliance’s products and services portfolio is so extensive that it impacts the lives of nearly every Indian on a daily basis, spanning various economic and social segments. Founded by Mr. Dhirubhai Ambani in 1973, the Ambani family holds a substantial shareholding in the conglomerate, accounting for about 50% of the company’s ownership.
The key details of this company are tabled below. Figures as of July 21, 2023
| Category | Details |
| Market Capitalization | Rs. 17,72,585 crores |
| PE Ratio | 26.57 |
| Return on Equity | 9.20% |
| Debt Equity Ratio | 0.22% |
| Promotor’s Holdings | 50.41% |
| Share price | Rs. 2,550 |
| Dividend yield | 0.31 |
The trailing returns of Reliance Industries Limited are tabled below
| Period | Trailing Returns |
| 1 year | 1.88% |
| 3 years | 9.92% |
| 5 years | 17.93% |
| 10 years | 18.74% |
Tata Consultancy Services (TCS) serves as the flagship company of the renowned Tata Group. With a remarkable legacy spanning over 50 years, TCS has emerged as a leading IT services, consulting, and business solutions organization not only in the country but also a major player across the globe. TCS takes pride in its comprehensive range of services and solutions, which are driven by a consulting-led approach and powered by cognitive technologies. The company offers an integrated portfolio of business, technology, and engineering services, designed to cater to the diverse needs of its global clientele.
The key details of this company are tabled below. Figures as of July 21, 2023
| Category | Details |
| Market Capitalization | Rs. 12,66,892 crores |
| PE Ratio | 28.96 |
| Return on Equity | 46.74% |
| Debt Equity Ratio | 0.00% |
| Promotor’s Holdings | 72.3% |
| Share price | Rs. 3,395.40 |
| Dividend yield | 3.32% |
The trailing returns of TCS are tabled below
| Period | Trailing Returns |
| 1 year | 7.29% |
| 3 years | 15.43% |
| 5 years | 11.20% |
| 10 years | 14.57% |
HDFC is the largest name in the banking sector in India and the largest private player. This bank was among the first to receive in-principle approval from RBI and was incorporated in 1994. HDFC Bank Limited provides a range of financial services to individuals and corporates which includes retail banking, wholesale banking, and treasury operations. The company has operations in the banking sector as well as other sectors like insurance, asset management, venture capital, and more.
The key details of this company are tabled below. Figures as of July 21, 2023
| Category | Details |
| Market Capitalization | Rs. 12,72,719 crores |
| PE Ratio | 26.09 |
| Return on Equity | 17.24 |
| Debt Equity Ratio | – |
| Promotor’s Holdings | 25.52% |
| Share price | Rs. 1679.90 |
| Dividend yield | 1.13% |
The trailing returns of HDFC are tabled below
| Period | Trailing Returns |
| 1 year | 23.07% |
| 3 years | 14.03% |
| 5 years | 8.95% |
| 10 years | 17.32% |
ICICI Bank, founded in 1955, is headquartered in Mumbai, India. It ranks among the top 3 private sector banks in India, serving retail, corporate, wholesale, SME, and treasury segments. The bank also offers general insurance, life insurance, asset management, gold monetisation schemes, private equity, and venture capital fund management services. With an extensive network of branches and ATMs, ICICI Bank is a prominent player in India’s financial sector, catering to diverse financial needs.
The key details of this company are tabled below. Figures as of July 21, 2023
| Category | Details |
| Market Capitalization | Rs. 6,94,176 crores |
| PE Ratio | 20.46 |
| Return on Equity | 16.83% |
| Debt Equity Ratio | – |
| Promotor’s Holdings | – |
| Share price | Rs. 996.30 |
| Dividend yield | 0.80% |
The trailing returns of ICICI Bank Limited are tabled below
| Period | Trailing Returns |
| 1 year | 27.23% |
| 3 years | 40.01% |
| 5 years | 30.25% |
| 10 years | 19.04% |
Hindustan Unilever, founded in 1888 and based in Mumbai, India, is a leading FMCG company. With a diverse product portfolio in home care, personal care, refreshments, and more, it serves a wide range of consumer needs. The company’s extensive manufacturing facilities ensure efficient production and distribution, establishing a strong market presence in India’s FMCG sector.
The key details of this company are tabled below. Figures as of July 21, 2023
| Category | Details |
| Market Capitalization | Rs. 6,16,263 crores |
| PE Ratio | 62.74 |
| Return on Equity | 20.64% |
| Debt Equity Ratio | 0.00% |
| Promotor’s Holdings | 61.90% |
| Share price | Rs. 2,594.95 |
| Dividend yield | 1.44% |
The trailing returns of Hindustan Unilever are tabled below
| Period | Trailing Returns |
| 1 year | -0.37% |
| 3 years | 3.64% |
| 5 years | 9.40% |
| 10 years | 14.23% |
Founded in 1981 in Bengaluru, India, Infosys Limited is a leading IT company, second largest in India after TCS. It offers consulting, technology solutions, outsourcing, and digital services to empower clients in digital transformation. With a global presence and a reputation for reliability and innovation, Infosys is among the top companies worldwide.
The key details of this company are tabled below. Figures as of July 21, 2023
| Category | Details |
| Market Capitalization | Rs. 5,52,287 crores |
| PE Ratio | 22.3 |
| Return on Equity | 31.78% |
| Debt Equity Ratio | 0.00% |
| Promotor’s Holdings | 15.14% |
| Share price | Rs. 1331.60 |
| Dividend yield | 2.55% |
The trailing returns of Infosys Limited are tabled below
| Period | Trailing Returns |
| 1 year | -12.12% |
| 3 years | 12.54% |
| 5 years | 14.59% |
| 10 years | 14.10% |
ITC Limited was incorporated in India in 1910 with its headquarters in Kolkata, India, and holds the distinction of being the largest cigarette manufacturer and seller in the country. Over the years, the company has diversified its business operations and currently operates across five distinct business segments. In the FMCG (Fast-Moving Consumer Goods) sector, ITC is primarily engaged in the production and distribution of cigarettes, making it a dominant player in this market. Additionally, under the FMCG Others segment, the company offers a diverse range of consumer products, including personal care items, food products, and beverages, catering to a wide spectrum of consumer needs. Other segments of the business include Hotels, Paperboards, Paper and Packaging, and Agri Business.
The key details of this company are tabled below. Figures as of July 21, 2023
| Category | Details |
| Market Capitalization | Rs. 6,12,324 crores |
| PE Ratio | 24.83 |
| Return on Equity | 30.07% |
| Debt Equity Ratio | 0.00% |
| Promotor’s Holdings | – |
| Share price | Rs. 490.45 |
| Dividend yield | 4.04% |
The trailing returns of ITC are tabled below
| Period | Trailing Returns |
| 1 year | 64.47% |
| 3 years | 36.53% |
| 5 years | 12.53% |
| 10 years | 7.14% |
SBI (State Bank of India) is the largest public sector bank in India, with about 200 years of history. It offers diverse banking and financial solutions, including retail and corporate banking, investment banking, wealth management, and various financial products. With a vast network of branches and ATMs, SBI is a preferred choice for millions of Indians seeking reliable banking services.
The key details of this company are tabled below. Figures as of July 21, 2023
| Category | Details |
| Market Capitalization | Rs. 5,49,399 crores |
| PE Ratio | 8.40 |
| Return on Equity | 18.44% |
| Debt Equity Ratio | – |
| Promotor’s Holdings | 57.47% |
| Share price | Rs. 615.10 |
| Dividend yield | 2.16% |
The trailing returns of SBI are tabled below
| Period | Trailing Returns |
| 1 year | 20.94% |
| 3 years | 47.74% |
| 5 years | 18.66% |
| 10 years | 13.00% |
Bharti Airtel, previously known as Bharti Tele-Ventures Limited, was incorporated in 1995 and has its headquarters in New Delhi, India. Bharti Airtel Ltd is a global telecommunications powerhouse, renowned for providing cutting-edge telecommunication services across 18 countries and a wide-ranging presence in Sri Lanka along with an extensive network covering 14 countries in Africa. With a strong footprint in these regions, Bharti Airtel has solidified its position as one of the world’s leading providers of telecommunications solutions, connecting millions of people and businesses worldwide.
The key details of this company are tabled below. Figures as of July 21, 2023
| Category | Details |
| Market Capitalization | Rs. 5,29,782 crores |
| PE Ratio | 63.29 |
| Return on Equity | 15.34% |
| Debt Equity Ratio | 1.95% |
| Promotor’s Holdings | 55.02% |
| Share price | Rs. 886 |
| Dividend yield | 0.57% |
The trailing returns of Bharti Airtel are tabled below
| Period | Trailing Returns |
| 1 year | 32.11% |
| 3 years | 16.19% |
| 5 years | 23.28% |
| 10 years | 11.54% |
This company was incorporated in 1987 and is based in Pune, India. It is a subsidiary of Bajaj Finserv Limited and primarily operates in the lending business. It is a key player in the financial services sector and boasts a diverse lending portfolio that caters to retail, SME (Small and Medium-sized Enterprises), and commercial customers. the company provides a variety of financial products that cater to different requirements, such as consumer durable loans, personal loans, home loans, business loans, and credit cards.
The key details of this company are tabled below. Figures as of July 21, 2023
| Category | Details |
| Market Capitalization | Rs. 4,58,889 crores |
| PE Ratio | 29.50 |
| Return on Equity | 23.70% |
| Debt Equity Ratio | – |
| Promotor’s Holdings | 55.91% |
| Share price | Rs. 7,581.75 |
| Dividend yield | 0.53% |
The trailing returns of Bajaj Finance Limited are tabled below
| Period | Trailing Returns |
| 1 year | 24.81% |
| 3 years | 30.12% |
| 5 years | 22.74% |
| 10 years | 49.88% |
These top Indian companies collectively contribute significantly to the GDP of the country as well as employment. These companies are large-cap or blue-chip companies that are usually considered to be less volatile as compared to small-cap or mid-cap companies. However, investors need to consider various factors like company fundamentals, their individual risk and return parameters, and investment horizon while investing in these companies.
Market capitalization, often referred to as “market cap,” is a financial metric that represents the total value of a publicly traded company’s outstanding shares of stock. It is calculated by multiplying the current market price of a company’s stock by the total number of outstanding shares.
Large-cap companies are typically well-established, financially stable, and often considered industry leaders, with a track record of consistent performance and relatively lower risk compared to smaller companies.
As per the Fortune Global 500 list for 2022, India is represented by a total of nine companies. Among these, four are from the private sector, while the remaining five are from the public sector.
Reliance Industries Limited is the largest company in India in terms of market capitalisation.
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