For the fourth consecutive year, companies on the BT500 list sustained the growth in their average market capitalisation, showing resilience in the face of escalating geopolitical tensions, inflation, and other headwinds. First published in 1992 after the economic reforms, the list is a yearly compilation of India’s most valuable companies.
The combined market value of the BT500 companies has increased by roughly 259 times since the first list in 1992. In 1992, the combined average m-cap of BT500 companies was Rs 1.01 Lakh Crore which has increased to Rs 261.53 Lakh Crore in 2023
With a market cap of Rs 62 lakh crore this year, the BFSI sector once again dominates the BT500 list
Except for IT and Oil & Gas, all other sectors witnessed growth in average market cap in this year’s BT500 list. The list includes IT Software, BPO, ITES, IT Education; BFSI: Banking, financial services and insurance companies
In 11 of the BT500 companies this year domestic institutional investors had a stake of more than 30 per cent
Overseas investors hold at least 50 per cent stake in 11 of the BT500 companies this year. Delhivery tops the list with FIIs holding 65.60% stake, in Paytm parent company One97 Communications they had 60.92% stake, and in Zomato 54.72%
These 10 companies have witnessed the highest increase in consolidated operating profit margins in the past two years
– 10: The number of companies that got listed in the study period and debuted on this year’s BT500 list – 19%: The annualised growth of the BT500 companies in terms of average market cap since 1992 – Rs 11 lakh crore: Consolidated net profit of the BT500 companies at the end of FY23 – Rs 8 lakh crore: Consolidated cash and cash balance of this year’s BT500 companies, ex-BFSI, against a total debt of Rs 33 lakh crore
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