Super 50 Companies 2018

Company	Sharehold Return (3 Year)	Sales Growth (3-Year CAGR)	Return on equity (3-Year Average)
3M India	152	12	22
Abbott India	42	13	24
Ashok Leyland	109	25	25
Astral Poly Technik	107	14	18
Avanti Feeds	699	24	46
Bajaj Finance	347	36	21
Bajaj Finserv	273	21	15
Berger Paints India	79	7	25
Bharat Financial Inclusion	142	38	19
Britannia Industries	141	8	40
Cholamandalam Investment and Finance Company	154	14	18
Dewan Housing Finance Corporation	137	18	14
Edelweiss Financial Services	309	30	15
Future Consumer	358	32	-9
Godrej Consumer Products	118	6	26
Graphite India	885	24	18
Hatsun Agro Product	216	14	33
HDFC Bank	93	19	18
HEG	1436	31	24
Hexaware Technologies	43	15	27
Hindustan Zinc	152	15	24
Indiabulls Housing Finance	155	27	28
Indiabulls Ventures	702	35	23
Indraprastha Gas	243	11	21
IndusInd Bank	106	22	16
JM Financial	210	32	15
JSW Steel	237	11	17
Jubilant Life Sciences	465	9	17
Kansai Nerolac Paints	139	10	18
KEC International	405	6	19
L&T Finance Holdings	162	17	12
Maruti Suzuki India	149	17	21
Motherson Sumi Systems	44	17	26
Motilal Oswal Financial Services	259	53	21
Muthoot Finance	118	15	20
Natco Pharma	87	39	26
Page Industries	65	18	47
Pidilite Industries	60	9	29
Piramal Enterprises	199	28	14
Rajesh Exports	281	55	24
Shree Cement	54	16	20
Sun TV Network	108	7	27
Symphony	41	15	40
TVS Motor Company	156	18	26
UPL	75	13	24
Vakrangee	314	33	29
Vedanta	81	8	23
Wabco India	40	25	20
Whirlpool of India	110	15	23
Yes Bank	93	22	19

Methodology : Forbes India, with knowledge support from PwC India, adopted a robust multiple-stage process to select India’s Super 50 Companies. In the first stage, a set of eliminators was employed to arrive at a critical mass of strong contenders. Out of all the listed companies on the stock exchanges, we selected those with a market capitalisation of more than ₹10,000 crore (as of March 31, 2018). From these, all PSUs were eliminated; only the top two companies based on market capitalisation from any business group were included; companies where trading was suspended for penal reasons were removed and so were those that were listed after April 1, 2015. This yielded a list of 135 companies which were further evaluated on a different set of parameters. These parameters included shareholder returns exhibited on the stock exchange over a three-year period, sales growth (three-year CAGR) and return on equity (three-year average). As a final check, we considered those companies which were more consistent than others—in the context of our parameters—and we also used relevant eliminators to remove the outliers. The result is a strong list of companies that comprise Forbes India’s Super 50 listing. The list is in alphabetical order and is not a ranking.