(Updated on November2017)

SL Company Sector Size of Company Market Cap (Cr)

Tata Technology-
1 Consultancy Computer Very Large 502,356.92
Services Ltd. Software
Technology-
2 Infosys Ltd. Computer Very Large 211,347.44
Software
FMCG-
3 ITC Ltd. Very Large 327,059.15
Tobacco Prod.
Cons
Titan
Durable-
4 Company Large 57,444.20
Gems &
Ltd.
Jewellery
Services-
Sun TV Media &
5 Large 33,887.34
Network Ltd. Entertainmen
t
Energy-Crude
Indraprastha
6 Oil & Natural Mid 22,204.03
Gas Ltd.
Gas
Cons
Whirlpool Of Durable-ACs
7 Mid 17,635.18
India Ltd. &
Refrigerators
Bayer
Chemicals-
8 CropScience Mid 13,050.20
Pesticides
Ltd.
Engineering-
Finolex
9 Wires & Mid 9,574.00
Cables Ltd.
cables
Financial-
Credit
10 Crisil Ltd. Mid 12,964.97
Ratings &
Information
Schaeffler Engineering-
11 Mid 8,310.30
India Ltd. Ball Bearings
Healthcare-
Sanofi India
12 Drugs & Mid 10,518.09
Ltd.
Pharma
 Automobile-
Maruti Suzuki Cars & Multi
13 Very Large 248,764.44
India Ltd. Utility
Vehicles
Colgate- FMCG-
14 Palmolive Cosmetics & Large 28,476.90
(India) Ltd. Toiletries
Hexaware Technology-
15 Technologies Computer Mid 8,968.61
Ltd. Software
Kaveri Seed
FMCG-Other
16 Company Small 3,747.09
Agri.prod.
Ltd.
Divi's Healthcare-
17 Laboratories Drugs & Large 28,438.32
Ltd. Pharma
Healthcare-
18 FDC Ltd. Drugs & Small 3,630.46
Pharma
Monsanto Chemicals-
19 Small 4,345.38
India Ltd. Pesticides
Automobile-
Hero
20 Two & Three Very Large 76,217.19
Motocorp Ltd.
Wheelers
Healthcare-
Ajanta
21 Drugs & Mid 11,000.05
Pharma Ltd.
Pharma
FMCG-
Hindustan
22 Cosmetics & Very Large 269,910.48
Unilever Ltd.
Toiletries
Financial-
Credit
23 ICRA Ltd. Small 3,877.38
Ratings &
Information
Technology-
24 Tata Elxsi Ltd. Computer Mid 5,436.73
Software
Pidilite Chemicals-
25 Industries Thermoplasti Large 39,404.35
Ltd. cs
Services-
26 3M India Ltd. Mid 16,362.51
Trading
VST
FMCG-
27 Industries Mid 5,080.55
Tobacco Prod.
Ltd.
 Exide Engineering-
28 Industries Storage Mid 17,837.25
Ltd. Batteries
Chemicals-
Asian Paints
29 Paints & Very Large 112,408.39
Ltd.
Varnishes
Healthcare-
30 Merck Ltd. Drugs & Small 1,862.62
Pharma
Vesuvius Construction-
31 Small 2,719.67
India Ltd. Refractories
Technology-
Tech
32 Computer Large 46,037.21
Mahindra Ltd.
Software
NIIT Technology-
33 Technologies Computer Small 4,029.97
Ltd. Software
Construction-
La Opala RG
34 Glass & Small 2,889.33
Ltd.
Glassware
Engineering-
VST Tillers
35 Other Small 1,969.47
Tractors Ltd.
Machinery
AIA Metals-
36 Engineering Castings & Mid 12,921.89
Ltd. Forgings
Metals-Other
Hindustan
37 Non-Ferrous Very Large 137,745.40
Zinc Ltd.
Metal
Nucleus Technology-
38 Software Computer Small 1,018.17
Exports Ltd. Software
Technology-
39 Wipro Ltd. Computer Very Large 143,226.71
Software
Ratnamani
Metals-Steel
40 Metals & Small 4,205.52
Tubes & Pipes
Tubes Ltd.
Grindwell Metals-
41 Mid 5,385.42
Norton Ltd. Abrasives
 Avanti Feeds FMCG-Marine
42 Mid 12,779.84
Ltd. Foods
Technology-
43 MindTree Ltd. Computer Mid 7,924.49
Software
Sun Healthcare-
44 Pharmaceutic Drugs & Very Large 134,853.11
al Inds. Ltd. Pharma
Chemicals-
VIP Industries Plastic
45 Small 4,019.06
Ltd. Packaging
goods
Cons
Durable-ACs
46 Voltas Ltd. Mid 18,397.19
&
Refrigerators
Engineering-
Cummins
47 Electrical Mid 24,831.58
India Ltd.
Machinery
Technology-
Vakrangee
48 Computer Large 29,061.50
Ltd.
Software
Engineering-
Swaraj
49 Electrical Small 2,502.92
Engines Ltd.
Machinery
Engineering-
Amara Raja
50 Storage Mid 11,884.28
Batteries Ltd.
Batteries
Honda Siel Engineering-
51 Power Motors & Small 1,396.09
Products Ltd. generators
FMCG-
52 Marico Ltd. Vegetable Large 40,827.09
oils
Chemicals-
Elantas Beck
53 Paints & Small 1,585.54
India Ltd
Varnishes
Zee Services-
Entertainmen Media &
54 Large 50,649.26
t Enterprises Entertainmen
Ltd. t
Britannia FMCG-Bakery
55 Industries & Milling Large 56,364.77
Ltd. Prod.
 Automobile-
Maharashtra
56 Two & Three Small 3,051.14
Scooters Ltd.
Wheelers
Sandur
Metals-
57 Manganese & Small 933.54
Minerals
Iron Ores Ltd.
India Nippon Automobile-
58 Electricals Auto Small 1,479.21
Ltd. Ancillaries
Engineering-
KSB Pumps
59 Pumps & Small 2,934.30
Ltd.
Compressors
FMCG-Books
60 Sandesh Ltd. & Small 700.17
Newspapers
Rajesh Services-
61 Mid 23,077.52
Exports Ltd. Trading
Engineering-
Timken India
62 Industrial Mid 5,337.66
Ltd.
Machinery
Engineering-
63 ABB Ltd. Switching Large 29,502.94
Equipment
Energy-Crude
Petronet LNG
64 Oil & Natural Large 39,367.50
Ltd.
Gas
Technology-
Cyient
65 Computer Mid 6,067.76
Limited
Software
Zydus FMCG-Food
66 Small 3,572.56
Wellness Ltd. Processing
Rallis India Chemicals-
67 Small 4,802.41
Ltd. Pesticides
Technology-
Accelya Kale
68 Computer Small 2,086.69
Solutions Ltd.
Software
Metals-Other
Tinplate Co.
69 Non-Ferrous Small 2,810.33
Of India Ltd.
Metal
Allsec
Services-BPO
70 Technologies Small 710.41
Services
Ltd.
 FMCG-
Dabur India
71 Cosmetics & Large 60,992.65
Ltd.
Toiletries
Trigyn Technology-
72 Technologies Computer Small 325.78
Ltd. Software
Engineering-
GMM
73 Chemical Small 891.67
Pfaudler Ltd.
Machinery
Zensar Technology-
74 Technologies Computer Small 3,534.95
Ltd. Hardware
Chemicals-
75 NOCIL Ltd. Thermoplasti Small 2,914.48
cs
PI Industries Chemicals-
76 Mid 11,046.14
Ltd. Pesticides
Mayur
Textiles-
77 Uniquoters Small 2,084.03
Misc.Textiles
Ltd.
Kitex Textiles-
78 Garments Readymade Small 1,552.78
Ltd. Garments
Automobile-
Gabriel India
79 Auto Small 2,826.91
Ltd.
Ancillaries
Automobile-
80 Atul Auto Ltd. Two & Three Small 969.45
Wheelers
Services-
TV Today Media &
81 Small 2,124.86
Network Ltd. Entertainmen
t
Chemicals-
Wim Plast
82 Other Plastic Small 1,563.32
Ltd.
Prod.
Grasim
Diversified-
83 Industries Very Large 83,593.11
Diversified
Ltd.
Panasonic Engineering-
84 Carbon India Welding Small 302.4
Co. Ltd. machinery
 Tide Water Energy-
85 Oil Co. (India) Lubricants, Small 2,236.20
Ltd. etc.
Igarashi Engineering-
86 Motors India Motors & Small 2,739.76
Ltd. generators
Technology-
Sonata
87 Computer Small 1,969.11
Software Ltd.
Software
Healthcare-
Suven Life
88 Drugs & Small 2,792.58
Sciences Ltd.
Pharma
GM Breweries
89 FMCG-Liquors Small 1,107.84
Ltd.
Bhansali Chemicals-
90 Engineering Thermoplasti Small 2,332.63
Polymers Ltd. cs
R Systems Technology-
91 International Computer Small 497.05
Ltd Software
Ultramarine Chemicals-
92 & Pigments Dyes & Small 800.08
Ltd. Pigments
Chemicals-
Arrow
Plastic
93 Greentech Small 638.36
Packaging
Ltd.
goods
Excel Crop Chemicals-
94 Small 1,959.00
Care Ltd. Pesticides
ABM
Services-
95 Knowledgewa Small 240.03
Trading
re Ltd.
EIH Services-
96 Associated Hotels & Small 1,100.05
Hotels Ltd. Restaurants
Chemicals-
Berger Paints
97 Paints & Large 26,066.14
India Ltd.
Varnishes
Banco Automobile-
98 Products Auto Small 1,571.26
(India) Ltd. Ancillaries
 Jagran FMCG-Books
99 Prakashan & Mid 5,536.90
Ltd. Newspapers
Morganite
Construction-
100 Crucible India Small 296.8
Ceramic tiles
Ltd.
Panasonic
FMCG-Dry
101 Energy India Small 182.1
Cells
Co. Ltd.
Stovec Engineering-
102 Industries Industrial Small 734.33
Ltd. Machinery
Multibase Chemicals-
103 Small 644.88
India Ltd. Plastic Resins
Dhanuka Chemicals-
104 Small 3,132.42
Agritech Ltd. Pesticides
Voltamp
Engineering-
105 Transformers Small 1,172.47
Transformers
Ltd
Cons
Durable-
IFB Industries
106 Domestic Small 3,655.00
Ltd.
Electrical
Applns.
Construction-
Borosil Glass
107 Glass & Small 2,062.95
Works Ltd.
Glassware
Amrutanjan Healthcare-
108 Health Care Drugs & Small 910.53
Ltd. Pharma
Textiles-
Kewal Kiran
109 Readymade Small 2,317.11
Clothing Ltd.
Garments
Cera
Construction-
110 Sanitaryware Small 4,194.98
Ceramic tiles
Ltd.
Indian Toners Chemicals-
111 & Developers Dyes & Small 393.27
Ltd. Pigments
Foseco India Chemicals-
112 Small 890.91
Ltd. Misc.Chem.
 KPIT Technology-
113 Technologies Computer Small 2,898.29
Ltd. Software
Services-
Sinclairs
114 Hotels & Small 206.23
Hotels Ltd.
Restaurants
Chemicals-
National
115 Inorganic Small 1,445.37
Peroxide Ltd.
Chem.
Polyplex
Chemicals-
116 Corporation Small 1,795.78
Plastic Films
Ltd.
PTL
Services-
117 Enterprises Small 342.19
Trading
Ltd.
Healthcare-
118 Cupid Ltd. Drugs & Small 302.16
Pharma
Grauer &
Chemicals-
119 Weil (India) Small 1,463.39
Misc.Chem.
Ltd.
Eldeco
Construction-
120 Housing & Small 332.36
Real Estate
Inds. Ltd.
Chemicals-
Poddar
121 Dyes & Small 335.59
Pigments Ltd.
Pigments
Hindustan Automobile-
122 Composites Auto Small 706.18
Ltd. Ancillaries
Cheviot Co. Textiles-Jute
123 Small 536.75
Ltd. prod.
IFB Agro Inds.
124 FMCG-Liquors Small 647.13
Ltd.
Star Paper
125 FMCG-Paper Small 308.34
Mills Ltd.
Ambika Textiles-
126 Cotton Mills Cotton & Small 748.03
Ltd. Blended Yarn
Chemicals-
Alufluoride
127 Inorganic Small 90.31
Ltd.
Chem.
 Datamatics Technology-
128 Global Computer Small 612.19
Services Ltd. Software
ADF Foods FMCG-Food
129 Small 509.9
Ltd. Processing
Garware-Wall Textiles-
130 Small 2,004.29
Ropes Ltd. Misc.Textiles
Textiles-
Zenith Fibres
131 Synthetic Small 55.77
Ltd.
Yarn
Ajanta Soya FMCG-
132 Small 79.44
Ltd. Vanaspati
Cons
Goldiam
Durable-
133 International Small 194.2
Gems &
Ltd.
Jewellery
Cons
Durable-
Hawkins
134 Domestic Small 1,459.44
Cookers Ltd.
Electrical
Applns.
Chemicals-
135 Paushak Ltd Small 294.99
Pesticides
Indo Borax & Chemicals-
136 Chemicals Inorganic Small 99.48
Ltd. Chem.
Advani Hotels Services-
137 & Resorts Hotels & Small 299.5
(India) Ltd. Restaurants
Engineering-
Ion Exchange
138 Chemical Small 736.19
(India) Ltd.
Machinery
Weizmann Services-
139 Small 94.13
Ltd. Trading
Kakatiya
Cement Construction-
140 Small 304.74
Sugar & Inds. Cement
Ltd.
Daikaffil Chemicals-
141 Chemicals Dyes & Small 47.4
India Ltd. Pigments
Coral Healthcare-
142 Laboratories Drugs & Small 289.77
Ltd. Pharma
 Technology-
Ace Software
143 Computer Small 10.04
Exports Ltd.
Software
Kabra Engineering-
144 Extrusiontech Machine Small 432.91
nik Ltd. Tools
Elegant
Marbles & Services-
145 Small 72
Grani Inds. Trading
Ltd.
FMCG-Misc.
DHP India
146 Manuf.Article Small 153
Ltd.
s
Chemicals-
Bhageria
147 Organic Small 486.6
Industries Ltd
Chemicals
Jenburkt Healthcare-
148 Pharmaceutic Drugs & Small 228.7
als Ltd. Pharma
FMCG-Dry
149 Incap Ltd. Small 41.07
Cells
Shree Steel
Metals-Steel
150 Wire Ropes Small 5.36
Wires
Ltd.
Kunststoffe Chemicals-
151 Industries Plastic tubes Small 18.12
Ltd. & pipes
Virat Crane FMCG-
152 Small 77
Inds. Ltd. Tobacco Prod.
Chemicals-
Rammaica
153 Plastic Small 17.43
(India) Ltd.
Sheets
Nirav Metals-
154 Commercials Aluminium Small 7.12
Ltd. Prod.
Alpa Healthcare-
155 Laboratories Drugs & Small 63.23
Ltd. Pharma
Textiles-
Pasupati
156 Synthetic Small 209.46
Acrylon Ltd.
Yarn
Engineering-
Urja Global
157 Power Small 85.72
Ltd.
Projects
 SNL Bearings Engineering-
158 Small 99.7
Ltd. Ball Bearings
Elnet
Construction-
159 Technologies Small 55.12
Real Estate
Ltd.
Revathi Engineering-
160 Equipment Machine Small 220.79
Ltd. Tools
FMCG-Oil
161 KSE Ltd. cakes & Small 509.76
Animal Feed
Sika
Metals-Steel
162 Interplant Small 81.84
Tubes & Pipes
Systems Ltd.
National Metals-Steel
163 Small 194.9
Fittings Ltd. Tubes & Pipes
Cybertech Technology-
164 Systems & Computer Small 190.46
Software Ltd. Software
Engineering-
Shilp
165 Industrial Small 105.19
Gravures Ltd.
Machinery
Axtel Engineering-
166 Industries Industrial Small 142.49
Ltd. Machinery
Unjha Healthcare-
167 Formulations Drugs & Small 6.8
Ltd. Pharma
BDH Healthcare-
168 Industries Drugs & Small 39.15
Ltd. Pharma
ber2017)

Enterprise value Minus Market Cap Debt Equity Ratio

(Negative is better)

-45,496.00 0%

-32,595.00 0%

-13,254.07 0%

-1,195.75 0%

-1,333.87 0%

-1,026.46 0%

-1,058.95 0%

-888.7 0%

-794.36 0%

-601.41 0%

-640.55 0%

-558.5 0%
-1,718.70 1%

-294.31 0%

-431.49 0%

-670.8 0%

-1,673.68 1%

-464.17 0%

-358.15 0%

-4,478.84 3%

-230.79 0%

-5,365.00 4%

-358.82 0%

-251.52 0%

-1,392.24 3%

-734.37 1%

-189.95 0%
 -1,723.99 4%

-1,592.21 7%

-307.05 0%

-198.89 0%

-4,017.10 9%

-711.9 1%

-134.75 0%

-190.16 0%

-1,066.22 5%

-24,255.00 26%

-293.4 0%

-20,232.80 28%

-89.24 0%

-234.75 1%
 -351.32 3%

-738.1 4%

-5,539.95 27%

-78.54 0%

-360.02 5%

-540.4 7%

-459.74 7%

-97.58 0%

-226.23 3%

-142.14 0%

-521.71 10%

-126.5 0%

-1,890.50 29%

-171.05 5%
 -76.25 0%

-137.2 0%

-125.43 0%

-197 1%

-172.08 0%

-9,287.96 94%

-100.5 1%

-589.2 18%

-880.07 27%

-759.2 10%

-445.17 4%

-191.42 4%

-62.14 0%

-48.3 0%

-89.59 0%
-134.02 19%

-109.13 0%

-75.65 0%

-344.71 9%

-102.31 3%

-95.23 7%

-128.63 3%

-126.11 2%

-72.55 2%

-57.1 0%

-228.3 6%

-38.1 0%

-92.58 29%

-76.54 0%
-120.54 4%

-129.65 6%

-311.36 9%

-239.28 11%

-30.69 0%

-17.24 0%

-120.65 1%

-35.62 0%

-43.42 0%

-21.47 0%

-62.34 0%

-27.34 0%

-63.51 21%

-121.19 5%
-69.92 14%

-45.86 0%

-60.78 0%

-27.03 0%

-27.39 0%

-13.79 2%

-16.05 0%

-58.29 9%

-89.49 9%

-44.98 2%

-91.53 11%

-59.98 16%

-22.55 0%

-23.22 1%
-81.71 25%

-28.09 0%

-39.52 4%

-170.3 34%

-16.52 0%

-19.04 0%

-57.8 7%

-45.41 3%

-22.64 1%

-7.1 1%

-34.41 4%

-87.94 15%

-33.38 3%

-6.1 2%

-14.47 0%
-62.67 10%

-15.19 3%

-27.63 19%

-13.02 0%

-39.67 3%

-89.17 10%

-39.36 26%

-0.84 0%

-21.52 2%

-2.68 1%

-63.57 52%

-2.02 0%

-75.61 18%

-4.71 0%

-10.15 3%
 -2.78 0%

-7.79 5%

-1.09 0%

-22.23 4%

-29.6 16%

-35.71 12%

-4.26 1%

-1.2 0%

-0.24 0%

-1.63 2%

-2.2 2%

-0.09 1%

-25.97 10%

-25.81 25%

-1.6 4%
 -0.42 4%

-12.77 7%

-7.24 17%

-7.03 45%

-1.45 6%

-8.38 18%

-4.86 14%

-6.52 16%

-1.95 13%

-0.3 6%

-10.77 30%
 Enterprise Valuation of Top Companies in India

(Updated on May2017)

SL Company Name Market Cap (Rs.Cr.) Enterprise Valve (Rs.Cr.)

1 TCS 463,592.43 491,119.14

2 Reliance 432,622.51 424,125.00
3 HDFC Bank 393,367.29 840,203.70
4 ITC 329,862.19 257,453.88
5 HDFC 242,002.43 320,042.76
6 ONGC 238,762.34 173,773.15
7 SBI 236,015.73 1,976,114.45
8 Infosys 217,451.75 250,465.32
9 IOC 214,291.09 137,500.69
10 HUL 206,262.52 187,086.59
11 Maruti Suzuki 200,263.98 112,355.12
12 ICICI Bank 175,501.70 706,700.41
13 Coal India 172,659.09 179,973.14
14 Kotak Mahindra 166,997.05 277,636.35
15 Larsen 162,650.52 123,829.26
16 Sun Pharma 153,398.68 202,702.44
17 Tata Motors 144,900.95 144,771.22
18 Bharti Airtel 137,950.28 182,616.77
19 NTPC 133,125.19 188,177.92
20 Axis Bank 123,962.99 540,761.59
21 Wipro 123,727.92 133,863.82
22 UltraTechCement 122,018.76 91,153.27
23 HCL Tech 120,698.74 106,192.95
24 Asian Paints 111,765.73 83,202.23
25 Power Grid Corp 108,895.54 172,557.45
26 Hind Zinc 107,344.23 77,481.53
27 BPCL 103,979.51 76,835.19