These companies have the resilience to face challenging and ever-evolving market conditions, and outperform their peers. They have grown rapidly, but without compromising on profitability or returns, thus finding a place on the third edition of Forbes India’s annual list of super 50 companies.
Click here for Forbes India’s Super 50 list
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 Rs 10,000 crore (as of March 31, 2017). 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, 2014. This yielded a list of 135 companies which were further evaluated on a diff erent 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
REPORTING BY: Anshul Dhamija, Aveek Datta, Harichandan Arakali, Pravin Palande, Salil Panchal, Samar Srivastava, Shruti Venkatesh and Varsha Meghani
The qualities of being super: How these companies made it to the Super 50 list
(This story appears in the 04 August, 2017 issue of Forbes India. To visit our Archives, click here.)