XYZ Corporation is a mid

sized transportation firm

with 10 million shares outstanding, trading at $ 25 per
share, debt outstanding of $ 50 million and no excess
cash.
It is estimated that the cost of capital, which is
currently 11%, will drop to 10%, if the firm borrows $
100 million and buys back stock. Estimate the
expected change in the stock price if the expected
growth rate in operating earnings over time is 5% and
all the buyback happens at the new price.
Vader Enterprises stock has dropped 50% to $ 6 a
share; there are 100 million shares outstanding. The
firm also has $1.4 billion (market value) in debt
outstanding (with an interest rate of 12%) and
reported earnings before interest and taxes of $ 300
million last year; the book value of capital of the firm
is $4 billion.
The firm currently has a beta of 1.80, the risk free rate
is 5% and the market risk premium is 4%; the tax rate
is 40%. The CEO takes issues new equity, reduces the
market debt to capital ratio to 40% and reduces the
interest rate on debt to 8%. Estimate the new cost of
capital
Green Manufacturing Inc., plans to announce that it will
issue $2 million of perpetual debt and use the proceeds to
repurchase common stock. The bonds will sell at par with
a coupon rate of 6 percent. Green is currently an all
equity firm worth $6.3 million with 400,000 shares of
common stock outstanding. After the sale of bonds,
Green will maintain the new capital structure indefinitely.
Green currently generates annual pretax earnings of $1.5
million. This level of earnings is expected to remain
constant in perpetuity as company pays out post tax
earnings as dividend. Green is subject to a corporate tax
rate of 40 percent.
•
What is the expected return on Green’s equity before the
announcement of the debt issue?
•
What is Green’s stock price per share immediately after
the repurchase announcement?
•
How many shares will Green repurchase as a result of the
debt issue?
 March 2019
Company Name Market CapitalisatBorrowing Industry D/E
3M India Ltd. 271126.58 137.9 Plastic furniture, 0.10%
A I A Engineering 168824.03 1282.7 Castings & forging 0.80%
A P L Apollo Tubes 34191.91 8587.8 Steel pipes & tube 25.10%
A U Small Finance 173455.7 0 Banking services 0.00%
Aavas Financiers L 90667.65 36532.5 Housing finance se 40.30%
Abbott India Ltd. 155052.97 0 Drugs & pharmaceu 0.00%
Adani Enterprises 162057.02 112432 Wholesale trading 69.40%
Adani Gas Ltd. 141710.53 3939.2 Natural gas tradin 2.80%
Adani Green Energ 58259.53 111425.4 Wholesale trading 191.30%
Adani Ports & Spe 782819.77 275000 Shipping transport 35.10%
Adani Power Ltd. 185904.46 469798.9 Diversified 252.70%
Adani Transmissio 239648.62 201369.9 Wholesale trading 84.00%
Aditya Birla Capita 214967.14 553191.4 Other fund based f 257.30%
Advanced Enzyme 20420.6 350.1 Other chemical pr 1.70%
Aegis Logistics Ltd 67785.3 2387.7 Storage & distribu 3.50%
F D C Ltd. 29212.52 7.2 Drugs & pharmaceu 0.00%
Akzo Nobel India L 81437.47 29 Paints & varnishes 0.00%
Glaxosmithkline P 220202.43 5.9 Drugs & pharmaceu 0.00%
Sanofi India Ltd. 134387.13 0 Drugs & pharmaceu 0.00%
Alkyl Amines Chem 17106.45 1653.3 Organic chemicals 9.70%
Allcargo Logistics 28144.42 5982.4 Transport logistics 21.30%
Amara Raja Batteri 122805.65 584.3 Storage batteries 0.50%
Amber Enterprises 25737.42 2507.3 Air-conditioners & 9.70%
Ambuja Cements L 466725.91 396.8 Cement 0.10%
Apollo Hospitals E 169864.86 36730.8 Health services 21.60%
Apollo Tyres Ltd. 126852.08 49304.5 Tyres & tubes 38.90%
Arvind Fashions Lt 60700.12 8415.8 Retail trading 13.90%
Ashok Leyland Ltd 268013.64 191679.1 Commercial vehicl 71.50%
Ashoka Buildcon L 36185.22 75237.9 Infrastructural co 207.90%
Asian Paints Ltd. 1431027.18 6270.3 Paints & varnishes 0.40%
Aster D M Healthc 78082.89 27915.1 Health services 35.80%
Astral Poly Technik 138771.94 4096.2 Plastic tubes, pipe 3.00%
Atul Ltd. 105978.41 546.7 Other chemical pr 0.50%
Divi'S Laboratories 452146.09 1056 Drugs & pharmaceu 0.20%
Avanti Feeds Ltd. 55567.78 93.4 Vegetable oils & 0.20%
Avenue Supermart 917466.6 7002.7 Retail trading 0.80%
Axis Bank Ltd. 1995853.58 1612498 Banking services 80.80%
B E M L Ltd. 42200.45 4036.2 Mining & constru 9.60%
Bajaj Auto Ltd. 843519.33 1245.2 Two & three whee 0.10%
Bajaj Consumer Ca 45739.75 250 Cosmetics, toiletr 0.50%
Bajaj Electricals Lt 57226.02 15918.6 Other construction 27.80%
Bajaj Finance Ltd. 1748267.68 1005238 Other asset financ 57.50%
Bajaj Finserv Ltd. 1119594.15 1010945 Other fund based f 90.30%
Balkrishna Industri 192263.61 8711.4 Tyres & tubes 4.50%
Balmer Lawrie & C 21164.58 791.4 Diversified manuf 3.70%
Balrampur Chini Mi 31204.68 17339.8 Sugar 55.60%
Bank Of Baroda 340742.48 688675.2 Banking services 202.10%
Bank Of India 287793.89 442652 Banking services 153.80%
Bank Of Maharash 35572.84 101491.8 Banking services 285.30%
Bayer Cropscience 150532.21 0 Pesticides 0.00%
Berger Paints India 314306.13 5200.5 Paints & varnishes 1.70%
Bharat Electronics 227334.12 336.3 Communication e 0.10%
Bharat Forge Ltd. 238195.14 40293.1 Other automobile a 16.90%
Bharat Heavy Elect 260806.55 26284.2 Boilers & turbines 10.10%
Bharat Petroleum 859783.33 448391 Refinery 52.20%
Bharti Airtel Ltd. 1330734.5 1254283 Telecommunication 94.30%
Bharti Infratel Ltd. 579759.7 215 Telecommunication 0.00%
Ajanta Pharma Ltd 89906.28 542.5 Drugs & pharmaceu 0.60%
Star Cement Ltd. 41398.86 738.2 Cement 1.80%
J B Chemicals & Ph 28853.1 258 Drugs & pharmaceu 0.90%
Blue Dart Express 85007.7 5711.8 Transport logistics 6.70%
Blue Star Ltd. 65320.08 3475.6 Air-conditioners & 5.30%
Bombay Burmah Tr 90870.92 9580.5 Diversified manuf 10.50%
Bombay Dyeing & M 27892.54 39815 Other construction 142.70%
Brigade Enterprise 33997.73 38310.4 Housing construct 112.70%
Britannia Industrie 740648.97 1576.2 Bakery products 0.20%
C C L Products (Ind 37846.44 4163.8 Coffee 11.00%
C E S C Ltd. 96441.88 145378.6 Wholesale trading 150.70%
Eris Lifesciences L 88569.62 1764.7 Drugs & pharmaceu 2.00%
Canara Bank 219909.81 410426.4 Banking services 186.60%
Caplin Point Labor 30429.83 5.4 Wholesale trading 0.00%
Capri Global Capita 30499.73 28586 Other fund based f 93.70%
Carborundum Unive 76824.97 877.6 Other constructio 1.10%
Castrol India Ltd. 164688.88 0 Lubricants, etc. 0.00%
Ceat Ltd. 45476.02 14980.2 Tyres & tubes 32.90%
Central Bank Of In 147722.85 56396.7 Banking services 38.20%
Centrum Capital L 13437.86 18172.8 Diversified financi 135.20%
Century Plyboards 46167.55 5319.1 Wood & wood pro 11.50%
Cera Sanitaryware 39365.53 698.3 Wholesale trading 1.80%
Chalet Hotels Ltd. 69257.06 14942.1 Hotels & restaura 21.60%
Chambal Fertiliser 69298.61 86637.1 Wholesale trading 125.00%
Chennai Petroleum 40615.58 61206.4 Refinery 150.70%
Cholamandalam Fin 89904.58 0 Other fund based f 0.00%
Cholamandalam Inv 226329.09 505667.4 Auto finance servi 223.40%
Ipca Laboratories 124153.58 4649.5 Drugs & pharmaceu 3.70%
Coal India Ltd. 1459334.07 22099.4 Other fund based f 1.50%
Cochin Shipyard Lt 51820.34 1230 Other transport e 2.40%
Colgate-Palmolive 342280.32 0 Cosmetics, toiletr 0.00%
Container Corpn. O 319666.28 7706.5 Railway transport 2.40%
Coromandel Intern 146058.9 29544.7 Fertilisers 20.20%
Crisil Ltd. 105362.94 37.1 Business services 0.00%
Crompton Greaves 141479.37 6492.6 Other domestic ap 4.60%
Cummins India Ltd 206527.86 3125.9 Engines 1.50%
Infosys Ltd. 3233666.23 0 Computer softwar 0.00%
D B Corp Ltd. 32787.13 508.1 Media-print 1.50%
D C M Shriram Ltd 64864.2 16100.5 Diversified manuf 24.80%
D L F Ltd. 444975.94 212221.4 Housing construct 47.70%
Dabur India Ltd. 722501.39 7011.2 Cosmetics, toiletr 1.00%
Dalmia Bharat Ltd 191000.02 59070 Business services 30.90%
Deepak Fertilisers 11718.03 30321.1 Wholesale trading 258.80%
Deepak Nitrite Ltd 37453.53 11865.1 Other chemical pr 31.70%
Delta Corp Ltd. 69007.96 157 Other recreational 0.20%
Dewan Housing Fin 47230.37 940157.4 Housing finance se 1990.60%
Dhanuka Agritech 18693.52 222.2 Pesticides 1.20%
Dilip Buildcon Ltd. 88004.51 74060.9 Other construction 84.20%
Dish T V India Ltd. 71534.02 28086.1 Media-broadcasti 39.30%
Dishman Carbogen 33795.96 10421.7 Other chemical pr 30.80%
Natco Pharma Ltd 104457.89 3863 Drugs & pharmaceu 3.70%
Dixon Technologies 26626.99 1412.5 Consumer electron 5.30%
Alkem Laboratorie 209453.97 9440.7 Drugs & pharmaceu 4.50%
E I D-Parry (India) 36425.57 51246.2 Sugar 140.70%
E I H Ltd. 115771.38 5500.7 Hotels & restaura 4.80%
Eclerx Services Ltd 44573.89 16.7 ITES 0.00%
Edelweiss Financia 183735.9 467426.9 Diversified financi 254.40%
Eicher Motors Ltd. 560350.7 1867.6 Two & three whee 0.30%
Emami Ltd. 181574.1 1098.8 Cosmetics, toiletr 0.60%
Endurance Technol 163105.61 7306.7 Other automobile a 4.50%
Equitas Holdings L 46677.79 127811.5 Other fund based f 273.80%
Bliss G V S Pharma 18561.24 1019.4 Drugs & pharmaceu 5.50%
Escorts Ltd. 97675.39 2809.6 Agricultural mach 2.90%
Essel Propack Ltd. 36804.69 6325 Plastic packaging 17.20%
Exide Industries Lt 185852.5 890.3 Storage batteries 0.50%
Biocon Ltd. 366600 24683 Drugs & pharmaceu 6.70%
Federal Bank Ltd. 191358.84 87062.9 Banking services 45.50%
Fine Organic Inds. 37914.13 1282.7 Other chemical pr 3.40%
Finolex Cables Ltd 73005.6 5.5 Wires & cables 0.00%
Finolex Industries 62221.42 905.7 Plastic tubes, pipe 1.50%
Firstsource Solutio 32514.61 5676.1 ITES 17.50%
Force Motors Ltd. 22400.3 2858.7 Commercial vehicl 12.80%
Fortis Healthcare 102522.88 20102.7 Health services 19.60%
Future Consumer L 86612.87 8145.1 Wholesale trading 9.40%
Future Lifestyle Fa 94511.44 8608.6 Retail trading 9.10%
Future Retail Ltd. 227978.65 26570.4 Retail trading 11.70%
G A I L (India) Ltd. 783186.14 22012.7 Natural gas tradin 2.80%
G E T & D India Ltd 70310.38 0 Industrial constru 0.00%
G H C L Ltd. 24217.89 13021.7 Soda ash 53.80%
G M R Infrastructu 119511.72 276205.8 Infrastructural co 231.10%
Galaxy Surfactants 37890.49 2978 Cosmetics, toiletr 7.90%
Garware Technical 24768.3 1079.7 Other textiles 4.40%
Gateway Distripark 14411.9 8174 Transport logistics 56.70%
Gayatri Projects Lt 29867.55 22384.6 Infrastructural co 74.90%
Shilpa Medicare Lt 27735.45 1941.5 Drugs & pharmaceu 7.00%
Syngene Internatio 117590 8230 Drugs & pharmaceu 7.00%
Godfrey Phillips In 60289.55 472.9 Tobacco products 0.80%
Godrej Agrovet Lt 97781.03 3979.5 Vegetable oils & 4.10%
Godrej Consumer P 702381.43 33820.5 Diversified manuf 4.80%
Godrej Industries 180318.84 72074.4 Organic chemicals 40.00%
Godrej Properties 186749.77 35158.4 Housing construct 18.80%
Dr. Reddy'S Labora 460691.85 38381 Drugs & pharmaceu 8.30%
Graphite India Ltd 87303.58 3605.3 Refractories 4.10%
Grasim Industries 564350.92 810731.9 Man-made filament 143.70%
Great Eastern Ship 42662.37 60321.5 Shipping transport 141.40%
Greaves Cotton Lt 34103.48 111.3 Engines 0.30%
Gujarat Alkalies & 36255.81 2474.6 Caustic soda 6.80%
Gujarat Gas Ltd. 102053.84 22131.1 Natural gas tradin 21.70%
Gujarat Narmada Va 47698.02 2079.3 Other chemical pr 4.40%
Gujarat State Fert 41541.28 0 Fertilisers 0.00%
Gujarat State Petr 106731.58 45790.9 Natural gas tradin 42.90%
Intellect Design A 26829.33 0 Computer softwar 0.00%
H D F C Bank Ltd. 6308539.76 1577328 Banking services 25.00%
H E G Ltd. 80824.78 6663.6 Refractories 8.20%
H F C L Ltd. 29055.8 5903.1 Industrial constru 20.30%
Hathway Cable & 51244.53 19730.6 Media-broadcasti 38.50%
Havells India Ltd. 482208.34 945 Miscellaneous ele 0.20%
Heritage Foods Ltd 25270.67 2993.6 Dairy products 11.80%
Hero Motocorp Lt 510352.12 3115 Two & three whee 0.60%
Himadri Speciality 49036.5 4764.6 Other constructio 9.70%
Himatsingka Seide 21478.43 0 Other textiles 0.00%
Hindalco Industrie 461119.64 524180.1 Aluminium & alum 113.70%
Hindustan Aeronau 237348.25 45506.8 Diversified 19.20%
Hindustan Copper 45289.42 10701.2 Copper & copper 23.60%
Hindustan Petrole 432003.71 281915.4 Refinery 65.30%
Hindustan Unilever 3696882.18 990 Cosmetics, toiletr 0.00%
Housing & Urban D 89985.4 0 Other asset financ 0.00%
Housing Developme 3386583.78 3873061 Housing finance se 114.40%
I C I C I Bank Ltd. 2571082.69 2103241 Banking services 81.80%
I C I C I Securities 78119.29 4473 Securities broking 5.70%
I D B I Bank Ltd. 360898.16 452877.3 Banking services 125.50%
I D F C First Bank L 263948.54 699833.9 Banking services 265.10%
I F B Industries Ltd 39599.02 306.4 Other domestic ap 0.80%
I F C I Ltd. 23353.82 163942.5 Infrastructure fin 702.00%
I I F L Finance Ltd. 138007.46 270354.9 Other fund based f 195.90%
I R B Infrastructu 51065.69 167142.3 Infrastructural co 327.30%
I T C Ltd. 3637136 134.4 Tobacco products 0.00%
I T D Cementation 22598.66 5326.1 Infrastructural co 23.60%
I T I Ltd. 85842.9 0 Diversified 0.00%
Shree Cement Ltd. 649179.49 28026.7 Cement 4.30%
India Tourism Devp 24019.72 11.5 Hotels & restaura 0.00%
Indiabulls Housing 366370.14 1090293 Housing finance se 297.60%
Indiabulls Integrat 27481.01 3738.6 Other fund based f 13.60%
Indiabulls Real Est 41552.72 55581.6 Other fund based f 133.80%
Indian Bank 133761.22 121375.4 Banking services 90.70%
Indian Hotels Co. 183562.04 23259.8 Hotels & restaura 12.70%
Indian Oil Corpn. L 1531683.66 967650.4 Refinery 63.20%
Sun Pharmaceutical 1149881.28 105143.6 Drugs & pharmaceu 9.10%
Indostar Capital F 38669.7 90257.1 Other fund based f 233.40%
Indusind Bank Ltd. 1074048.27 473211.3 Banking services 44.10%
Mindtree Ltd. 155009.84 13 Computer softwar 0.00%
Info Edge (India) L 225041.76 8.2 ITES 0.00%
Persistent Systems 50094.13 16.5 Computer softwar 0.00%
Inox Leisure Ltd. 33819.63 1100 Exhibition of films 3.30%
Inox Wind Ltd. 14846.33 13051.7 Boilers & turbines 87.90%
Tata Consultancy S 7506270.37 620 Computer softwar 0.00%
Interglobe Aviatio 548587 24291.7 Air transport servi 4.40%
Cipla Ltd. 426457.68 43162.4 Drugs & pharmaceu 10.10%
Ircon International 37757 30765.3 Industrial constru 81.50%
Alembic Pharmaceu 100017.12 11284.3 Drugs & pharmaceu 11.30%
Ramco Cements Lt 173455.18 17353.2 Cement 10.00%
Ultratech Cement 1098309.97 218182.5 Cement 19.90%
J K Paper Ltd. 25471.01 15225.4 Paper & newsprin 59.80%
J K Tyre & Inds. Lt 22591.68 57575.1 Tyres & tubes 254.90%
J M Financial Ltd. 78911.56 141022.3 Other fund based f 178.70%
J S W Energy Ltd. 119139.33 106107.6 Conventional elect 89.10%
J S W Steel Ltd. 707883.01 473990 Steel 67.00%
J T E K T India Ltd. 26831.73 1883.9 Other automobile a 7.00%
Jagran Prakashan 36592.04 4174.7 Media-print 11.40%
Jai Corp Ltd. 20601.98 3.5 Plastic packaging 0.00%
Jain Irrigation Sys 29260.78 52699.6 Plastic tubes, pipe 180.10%
Jammu & Kashmir 29931.14 26239.6 Banking services 87.70%
Jamna Auto Inds. L 25003.61 36.2 Other automobile a 0.10%
Jindal Saw Ltd. 27674.72 56922.9 Steel pipes & tube 205.70%
Jindal Stainless (Hi 22118.88 23668.9 Steel 107.00%
Jindal Stainless Ltd 19432.44 36928 Steel 190.00%
Jindal Steel & Pow 173794.77 395591.6 Other ferrous met 227.60%
Jubilant Foodwork 190418.13 9 Bakery products 0.00%
Jubilant Life Scien 105794.53 48404.3 Other chemical pr 45.80%
Just Dial Ltd. 39097.1 42 Business services 0.10%
Jyothy Labs Ltd. 67015.58 2809.3 Cosmetics, toiletr 4.20%
K E C International 77023.68 18394.4 Other construction 23.90%
K N R Construction 36595.65 7582.1 Infrastructural co 20.70%
K P R Mill Ltd. 41631.75 8563.3 Diversified cotton 20.60%
K R B L Ltd. 79550.01 14281.9 Other agricultural 18.00%
K S B Ltd. 23940.84 434.2 General purpose 1.80%
Kajaria Ceramics L 93891.94 1203.3 Ceramic products 1.30%
Kalpataru Power T 72049.74 26114.4 Infrastructural co 36.20%
Kansai Nerolac Pai 246421.04 1079.5 Paints & varnishes 0.40%
Kei Industries Ltd. 33590.67 5997.9 Wires & cables 17.90%
Kotak Mahindra Ba 2549553.38 664389.3 Banking services 26.10%
L & T Finance Hold 304718.94 916990.5 Other fund based f 300.90%
L & T Technology S 163415.33 811 Business services 0.50%
L I C Housing Fina 269212.48 1775666 Housing finance se 659.60%
Lakshmi Machine 65092.05 29.4 Industrial machin 0.00%
Larsen & Toubro L 1941447.61 1245479 Industrial constru 64.20%
Aurobindo Pharma 460529.67 69667.6 Drugs & pharmaceu 15.10%
Lemon Tree Hotels 63736.23 12078 Hotels & restaura 18.90%
Linde India Ltd. 41614.44 11897 Inorganic chemica 28.60%
Indoco Remedies L 18678.88 2958.7 Drugs & pharmaceu 15.80%
Lux Industries Ltd. 34751.92 1809.4 Readymade garme 5.20%
M A S Financial Se 30971.51 22793.1 Other fund based f 73.60%
M M T C Ltd. 42000 9653.7 Wholesale trading 23.00%
M R F Ltd. 246225.07 24990.8 Tyres & tubes 10.10%
Maharashtra Seaml 33298.81 10744.6 Steel pipes & tube 32.30%
Mahindra & Mahind 260048.16 565946.8 Auto finance servi 217.60%
Mahindra & Mahin 835176.75 708483 Diversified autom 84.80%
Mahindra C I E Au 88603.23 16134 Other automobile a 18.20%
Mahindra Holidays 32059.59 8303.7 Hotels & restaura 25.90%
Mahindra Lifespac 18452.29 2282.5 Commercial compl 12.40%
Mahindra Logistics 37363.57 377 Transport logistics 1.00%
Manappuram Finan 105014.11 152972.5 Other asset financ 145.70%
Mangalore Refiner 130568.61 156176.8 Refinery 119.60%
Marico Ltd. 445670.93 3640 Vegetable oils & 0.80%
Maruti Suzuki Indi 2015387.54 2494 Passenger vehicle 0.10%
Meghmani Organic 15589.46 7162.4 Pesticides 45.90%
Minda Corporation 30959.04 6806 Other automobile a 22.00%
Minda Industries L 85653.17 10796 Other automobile a 12.60%
N I I T Technologie 81866.72 136 Computer softwar 0.20%
Motherson Sumi S 471321.68 115342 Other automobile a 24.50%
Motilal Oswal Fina 87422.78 51961.8 Securities broking 59.40%
Sonata Software L 35564.88 156.2 Computer softwar 0.40%
Muthoot Finance L 246687.17 300775.3 Other asset financ 121.90%
N C C Ltd. 67632.81 26914 Infrastructural co 39.80%
N H P C Ltd. 248614.61 190657.9 Conventional elect 76.70%
Infibeam Avenues 28492.7 423.4 Computer softwar 1.50%
N L C India Ltd. 96440.58 205984 Conventional elect 213.60%
N M D C Ltd. 318891.64 3641.5 Minerals 1.10%
N T P C Ltd. 1339228.33 1617299 Conventional elect 120.80%
Narayana Hrudayal 43682.12 8134.7 Health services 18.60%
Torrent Pharmaceu 330356.59 60522.4 Drugs & pharmaceu 18.30%
National Aluminiu 103355.21 667.9 Aluminium & alum 0.60%
Nava Bharat Ventu 19955.81 36729.9 Ferro alloys 184.10%
Navin Fluorine Intl 35171.46 41.4 Inorganic chemica 0.10%
Navneet Education 24866.78 3374.3 Books & cards 13.60%
Network18 Media & 37323.71 30681 Business services 82.20%
Nilkamal Ltd. 21369.06 588.8 Plastic furniture, 2.80%
Oberoi Realty Ltd. 191727.46 15858.3 Housing construct 8.30%
Oil & Natural Gas 2007183.55 1077822 Crude oil & natura 53.70%
Oil India Ltd. 200994.5 151137.1 Crude oil & natura 75.20%
Omaxe Ltd. 37741.53 27621.7 Housing construct 73.20%
P C Jeweller Ltd. 32558.46 21205.4 Gems & jewellery 65.10%
P I Industries Ltd. 142351.01 492 Pesticides 0.30%
P N B Housing Fina 144977.93 736640.2 Housing finance se 508.10%
P N C Infratech Ltd 39109.4 27752 Infrastructural co 71.00%
P T C India Ltd. 21771.41 133203.3 Wholesale trading 611.80%
P V R Ltd. 76845.25 12823.9 Exhibition of films 16.70%
Parag Milk Foods L 21995.96 2402.7 Dairy products 10.90%
Tech Mahindra Ltd 763285.95 19955 Computer softwar 2.60%
Petronet L N G Ltd 375750.02 7334 Natural gas tradin 2.00%
Phillips Carbon Bla 30443.48 7934.3 Inorganic chemica 26.10%
Phoenix Mills Ltd. 101585.15 42446.3 Other construction 41.80%
Pidilite Industries 631086.82 1127.4 Other chemical pr 0.20%
Piramal Enterprise 508096.07 593829.7 Diversified 116.90%
Power Finance Cor 324730.01 5276438 Infrastructure fin 1624.90%
Power Grid Corpn. 1036377.91 1463764 Electricity transmi 141.20%
Prestige Estates Pr 94331.25 84869 Housing construct 90.00%
Prism Johnson Ltd 48246.73 19161.5 Cement 39.70%
Punjab National B 362709.23 468279.7 Banking services 129.10%
Quess Corp Ltd. 109337.19 8311.9 Business services 7.60%
R B L Bank Ltd. 290738.67 118320.6 Banking services 40.70%
R E C Ltd. 301866.22 2442488 Infrastructure fin 809.10%
Radico Khaitan Ltd 52730.01 3374.4 Beer & alcohol 6.40%
Rain Industries Ltd 34475.43 77795 Diversified non-fin 225.70%
Rajesh Exports Ltd 196687.42 63239.2 Gems & jewellery 32.20%
Rallis India Ltd. 32106.81 728.4 Pesticides 2.30%
J K Cement Ltd. 66531.83 29830.6 Cement 44.80%
Rashtriya Chemicals 32273.75 34617 Fertilisers 107.30%
Ratnamani Metals 41781.84 654 Steel pipes & tube 1.60%
Raymond Ltd. 49684.73 24708.2 Other textiles 49.70%
Redington (India) 39822.47 13074 Wholesale trading 32.80%
Reliance Capital Lt 51603.16 461080 Other fund based f 893.50%
Reliance Industries 8639956.62 2875050 Refinery 33.30%
Reliance Infrastru 35950.73 177715.7 Other fund based f 494.30%
Reliance Power Lt 31866.24 305889 Diversified non-fin 959.90%
Repco Home Finan 29125.44 92814.7 Housing finance se 318.70%
Responsive Industr 24462.55 1257.6 Plastic furniture, 5.10%
Rites Ltd. 51810 534.5 Business services 1.00%
S H Kelkar & Co. L 22192.06 3415.9 Cosmetics, toiletr 15.40%
S J V N Ltd. 95101.04 21551.1 Conventional elect 22.70%
S R F Ltd. 138188.87 37301.9 Other chemical pr 27.00%
Sadbhav Engineeri 42746.86 112195.2 Infrastructural co 262.50%
Cadila Healthcare 354829.19 79309 Drugs & pharmaceu 22.40%
Security & Intellig 62011.52 9749.2 Business services 15.70%
Shankara Building 9337.38 1974.1 Retail trading 21.10%
Sheela Foam Ltd. 61383.41 305.5 Rubber products 0.50%
Laurus Labs Ltd. 42548.09 10359.2 Drugs & pharmaceu 24.30%
Shipping Corpn. Of 17677.07 52774.5 Shipping transport 298.50%
Shoppers Stop Ltd 41469.65 810 Retail trading 2.00%
J K Lakshmi Cemen 40908 21347.8 Cement 52.20%
Shriram City Union 122722.61 242595.6 Other fund based f 197.70%
Shriram Transport 288912.48 879833.6 Auto finance servi 304.50%
Siemens Ltd. 401685.84 159 Diversified machi 0.00%
Sobha Ltd. 48651.18 26124.3 Housing construct 53.70%
Solar Industries In 97394.45 6028.9 Other chemical pr 6.20%
Somany Ceramics 17871.4 4645.8 Wholesale trading 26.00%
Mphasis Ltd. 184142.7 5425.9 Computer softwar 2.90%
Spicejet Ltd. 58622.47 10726.7 Air transport servi 18.30%
Birla Corporation 40431.66 40492 Cement 100.10%
State Bank Of Indi 2863015.38 4137477 Banking services 144.50%
Steel Authority Of 221809.21 453220.4 Steel 204.30%
Sterlite Technolog 87995.62 20671.2 Wires & cables 23.50%
Glenmark Pharmace 182153.65 44486.7 Drugs & pharmaceu 24.40%
Sudarshan Chemica 23879.94 3671 Dyes & pigments 15.40%
Lupin Ltd. 334438.09 84961.5 Drugs & pharmaceu 25.40%
Sundram Fasteners 118922.15 9951.3 Other automobile a 8.40%
Sunteck Realty Ltd 67409.97 6346.2 Other fund based f 9.40%
Suprajit Engineeri 34093.92 3620.7 Other automobile a 10.60%
Supreme Industrie 141488.88 1624.1 Plastic furniture, 1.10%
Suzlon Energy Ltd. 32716.61 115805.3 Boilers & turbines 354.00%
Swan Energy Ltd. 26233.2 10771.6 Other construction 41.10%
Symphony Ltd. 96816.99 1878.5 Wholesale trading 1.90%
Granules India Ltd 29060.5 9911.8 Drugs & pharmaceu 34.10%
T T K Prestige Ltd. 100449.54 904.8 Wholesale trading 0.90%
T V S Motor Co. Lt 225405.08 92980.5 Two & three whee 41.30%
T V S Srichakra Ltd 16811.82 4262.6 Tyres & tubes 25.40%
T V Today Network 18790.27 31.5 Media-broadcasti 0.20%
Take Solutions Ltd 22153.12 4739.3 Other fund based f 21.40%
Tata Coffee Ltd. 16856.03 11548.1 Coffee 68.50%
H C L Technologies 1475631.41 48740 Computer softwar 3.30%
Tata Consumer Pro 128214 11411 Tea 8.90%
Tata Metaliks Ltd. 18225.76 0 Steel pipes & tube 0.00%
Tata Motors Ltd. 503264.88 1061753 Commercial vehicl 211.00%
Tata Power Co. Ltd 199612.29 485060.4 Conventional elect 243.00%
Tata Steel Ltd. 627169.23 1008019 Steel 160.70%
Teamlease Service 51325.36 164 Business services 0.30%
Cyient Ltd. 71581.74 3684 Computer softwar 5.10%
Tejas Networks Lt 15702.39 11.9 Communication e 0.10%
Thermax Ltd. 115849.71 2541.5 Boilers & turbines 2.20%
Thyrocare Technol 28009.66 25 Health services 0.10%
Time Technoplast 23247.89 8399.1 Plastic packaging 36.10%
Titan Company Ltd 1009856.76 23929.8 Gems & jewellery 2.40%
Wockhardt Ltd. 49033.99 31406.5 Drugs & pharmaceu 64.10%
Torrent Power Ltd 123614.64 97404.7 Conventional elect 78.80%
Trent Ltd. 119584.18 4941.4 Retail trading 4.10%
Trident Ltd. 36588.96 24357.5 Cotton & blended 66.60%
Tube Investments O 71724.48 6078.8 Diversified metal 8.50%
Tv18 Broadcast Lt 60859.79 16425.8 Media-broadcasti 27.00%
U P L Ltd. 486931.59 291380 Pesticides 59.80%
Uflex Ltd. 16406.45 21124.8 Plastic films & fle 128.80%
Ujjivan Financial S 42159.95 0 Other fund based f 0.00%
India Cements Ltd 33530.88 34793.5 Cement 103.80%
Union Bank Of Ind 168368.06 432755.9 Banking services 257.00%
United Breweries 368884.84 0 Beer & alcohol 0.00%
V A Tech Wabag Lt 18138.08 6133.2 Industrial machin 33.80%
V I P Industries Ltd 68694.35 861.5 Wholesale trading 1.30%
V-Guard Industries 94523.21 141.2 Retail trading 0.10%
Vaibhav Global Ltd 20628.31 664 Gems & jewellery 3.20%
Vardhman Textiles 62007.44 22792.2 Cotton & blended 36.80%
Varroc Engineering 78271.57 24392.9 Other automobile a 31.20%
Varun Beverages L 158020.97 28078.8 Processed foods 17.80%
Vedanta Ltd. 683034.88 662240 Other non-ferrous 97.00%
Venky'S (India) Ltd 31804.27 0 Diversified manuf 0.00%
Vodafone Idea Ltd 521547.31 1259399 Telecommunication 241.50%
Voltas Ltd. 208606.28 3146.5 Air-conditioners & 1.50%
Welspun Corp Ltd. 35977.92 13047.1 Steel pipes & tube 36.30%
Welspun India Ltd 59931.86 33082 Other textiles 55.20%
Westlife Developm 66707.09 2339.6 Other fund based f 3.50%
Zensar Technologi 52164.09 3034.6 Computer softwar 5.80%
Strides Pharma Sci 42236.01 32215 Drugs & pharmaceu 76.30%
Zee Entertainment 426735.27 32 Media-broadcasti 0.00%
Wipro Ltd. 1537145.04 99467 Computer softwar 6.50%
Zydus Wellness Lt 74874.01 15692.5 Vegetable oils & 21.00%
Prowess Figures in Millions
Min of D/E Max of D/E Average of D/E Count of Industry
Drugs & pharmaceu 0 0.762738 0.138293 29
Banking services 0 2.85307 1.154816 20
Other fund based f 0 8.935112 1.733214 20
Wholesale trading 0.000177 6.118267 0.992568 16
Computer softwar 0 0.064709 0.020314 14
Other automobile a 0.001448 0.311644 0.141803 11
Cement 0.00085 1.037655 0.376707 10
Infrastructural co 0.207186 3.273084 1.295041 10
Other chemical pr 0.001786 0.457531 0.151605 10
Business services 0.000352 0.822024 0.153825 9
Cosmetics, toiletr 0 0.153924 0.036991 8
Retail trading 0.001494 0.211419 0.07846 8
Conventional elect 0.226613 2.430013 1.206514 7
Housing construct 0.082713 1.126852 0.577612 7
Housing finance se 0.402928 19.90578 5.61312 7
Hotels & restaura 0.000479 0.259008 0.139827 6
Other construction 0.238815 1.427443 0.602406 6
Pesticides 0 0.5984 0.182645 6
Refinery 0.332762 1.506969 0.806951 6
Steel pipes & tube 0 2.056855 0.501498 6
Tyres & tubes 0.04531 2.548509 0.611158 6
Diversified manuf 0 0.248219 0.087838 5
Health services 0.000893 0.357506 0.191388 5
Media-broadcasti 7.50E-05 0.392626 0.20986 5
Natural gas tradin 0.019518 0.429029 0.144262 5
Steel 0.669588 2.043289 1.458107 5
Boilers & turbines 0.021938 3.539649 1.135372 4
Diversified 0 2.527099 0.971891 4
Gems & jewellery 0.023696 0.651302 0.257177 4
Industrial constru 0 0.814824 0.414877 4
Other asset financ 0 1.456685 0.812734 4
Other textiles 0 0.551994 0.273221 4
Paints & varnishes 0.000356 0.016546 0.006416 4
Plastic furniture, 0.000509 0.051409 0.022738 4
Transport logistics 0.01009 0.56717 0.214253 4
Two & three whee 0.001476 0.412504 0.105854 4
Vegetable oils & 0.001681 0.209585 0.065033 4
Air-conditioners & 0.015083 0.097418 0.055237 3
Auto finance servi 2.176315 3.045329 2.485286 3
Commercial vehicl 0.127619 2.109731 0.984178 3
Fertilisers 0 1.072605 0.424962 3
Infrastructure fin 7.019944 16.24869 10.45331 3
Inorganic chemica 0.001177 0.285886 0.182562 3
ITES 3.64E-05 0.174571 0.058327 3
Plastic packaging 0.00017 0.361284 0.177769 3
Plastic tubes, pipe 0.014556 1.801032 0.615035 3
Telecommunication 0.000371 2.414736 1.119219 3
Wires & cables 7.53E-05 0.234912 0.137849 3
Air transport servi 0.04428 0.182979 0.11363 2
Aluminium & alum 0.006462 1.136755 0.571609 2
Bakery products 4.73E-05 0.002128 0.001088 2
Beer & alcohol 0 0.063994 0.031997 2
Coffee 0.110018 0.685102 0.39756 2
Communication e 0.000758 0.001479 0.001119 2
Cotton & blended 0.367572 0.665706 0.516639 2
Crude oil & natura 0.536982 0.751946 0.644464 2
Dairy products 0.109234 0.118461 0.113848 2
Diversified financi 1.352358 2.544015 1.948187 2
Diversified non-fin 2.256535 9.599156 5.927845 2
Engines 0.003264 0.015135 0.0092 2
Exhibition of films 0.032525 0.16688 0.099703 2
Industrial machin 0.000452 0.338139 0.169296 2
Media-print 0.015497 0.114088 0.064792 2
Organic chemicals 0.096648 0.399705 0.248177 2
Other constructio 0.011423 0.097164 0.054294 2
Other domestic ap 0.007738 0.045891 0.026814 2
Refractories 0.041296 0.082445 0.061871 2
Securities broking 0.057259 0.594374 0.325816 2
Shipping transport 1.413928 2.985478 2.199703 2
Storage batteries 0.004758 0.00479 0.004774 2
Sugar 0.555679 1.406874 0.981277 2
Tobacco products 3.70E-05 0.007844 0.00394 2
Agricultural mach 0.028765 0.028765 0.028765 1
Books & cards 0.135695 0.135695 0.135695 1
Castings & forging 0.007598 0.007598 0.007598 1
Caustic soda 0.068254 0.068254 0.068254 1
Ceramic products 0.012816 0.012816 0.012816 1
Commercial compl 0.123697 0.123697 0.123697 1
Consumer electron 0.053048 0.053048 0.053048 1
Copper & copper 0.236285 0.236285 0.236285 1
Diversified autom 0.848303 0.848303 0.848303 1
Diversified cotton 0.205692 0.205692 0.205692 1
Diversified machi 0.000396 0.000396 0.000396 1
Diversified metal 0.084752 0.084752 0.084752 1
Dyes & pigments 0.153727 0.153727 0.153727 1
Electricity transmi 1.412384 1.412384 1.412384 1
Ferro alloys 1.840562 1.840562 1.840562 1
General purpose 0.018136 0.018136 0.018136 1
Lubricants, etc. 0 0 0 1
Man-made filament 1.436574 1.436574 1.436574 1
Minerals 0.011419 0.011419 0.011419 1
Mining & constru 0.095644 0.095644 0.095644 1
Miscellaneous ele 0.00196 0.00196 0.00196 1
Other agricultural 0.179534 0.179534 0.179534 1
Other ferrous met 2.2762 2.2762 2.2762 1
Other non-ferrous 0.969555 0.969555 0.969555 1
Other recreational 0.002275 0.002275 0.002275 1
Other transport e 0.023736 0.023736 0.023736 1
Paper & newsprin 0.597754 0.597754 0.597754 1
Passenger vehicle 0.001237 0.001237 0.001237 1
Plastic films & fle 1.287591 1.287591 1.287591 1
Processed foods 0.17769 0.17769 0.17769 1
Railway transport 0.024108 0.024108 0.024108 1
Readymade garme 0.052066 0.052066 0.052066 1
Rubber products 0.004977 0.004977 0.004977 1
Shipping transport 0.351294 0.351294 0.351294 1
Soda ash 0.537689 0.537689 0.537689 1
Storage & distribu 0.035224 0.035224 0.035224 1
Tea 0.089 0.089 0.089 1
Wood & wood pro 0.115213 0.115213 0.115213 1