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India's 20 biggest wealth creators, TCS is No 1

Tata Consultancy Services (TCS) has been ranked as the biggest wealth creator in the past five years.

A study by financial services company Motilal Oswal analysed wealth created by 100 companies between 2008 and 2013 in terms of their market capitalisation, after adjusting for mergers, demergers, fresh issuance of capital and buy back of shares.

Consumer and retail have emerged as the largest wealth creating sectors for the first time since 1999, followed by the technology sector.

TTK Prestige has once again emerged as the fastest wealth creator between 2008 and 2013, during which period, its stock price multiplied 28 times, translating into annualised return of 95 per cent which is almost double every year.

TCS

Rank: 1

Wealth created: Rs 2,28,400 crore (Rs 2,284 billion)

Wealth share: 12.4%

Technology sector is poised to emerge as India's largest wealth creator in the near future, says the Motilal Oswal study. It has swapped places with ITC, which was the topper last year (for the period 2007-12).

TCS is already India's largest company in terms of market capitalisation.

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India's 20 biggest wealth creators

ITC

Rank: 2

Wealth created: Rs 1,63,500 crore (Rs 1,635 billion)

Wealth share: 8.9%

ITC has remained one of India’s most consistent wealth creators.

Both Consumer and Technology sectors have increased their share of wealth created from 5 per cent in 2008 to a massive 23-24 per cent in 2013.

India's 20 biggest wealth creators

HDFC Bank

Rank: 3

Wealth created: Rs 87,200 crore (Rs 872 billion)

Wealth share: 4.7%

HDFC Bank has maintained its third rank. During 2008-13, companies which delivered above-average earnings growth also delivered above-average stock price returns.

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India's 20 biggest wealth creators

Infosys 

Rank: 4

Wealth created: Rs 83,900 (Rs 839 billion)

Wealth share: 4.6% 

Infosys has climbed up three notches to the fourth rank.

Nine of the top 10 fastest wealth creators had a market cap of under Rs 5,000 crore (Rs 50 billion) in 2008 and seven of the top 10 were below 15 times their price earnings ratio in 2008.

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India's 20 biggest wealth creators

Sun Pharma

Rank: 5

Wealth created: Rs 59,200 crore (Rs 592 billion)

Wealth share: 3.2%

Of the top 10 this year, 7 are the same as that of last year.  IT, pharma and consumer are the key sectors to bet on in times of general economic slowdown.

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India's 20 biggest wealth creators

ONGC

Rank: 6

Wealth created: Rs 56,700 crore (Rs 567 billion)

Wealth share: 3.1%

The number of PSUs in the top 100 wealth creators is at an all-time low of only 11.

Wealth Created by these 11 PSUs is also at an all-time low of 9 per cent of the total.

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India's 20 biggest wealth creators

HDFC

Rank: 7

Wealth created: Rs 55,900 (Rs 559 billion)

Wealth share: 3%

HDFC is at the 7th place with accounting for 3 per cent of the wealth creation.

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India's 20 biggest wealth creators

Tata Motors

Rank: 8

Wealth created: Rs 51,800 crore (Rs 518 billion)

Wealth share: 2.8%

Tata Motors is the only automobile company in the top 10 list. 

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India's 20 biggest wealth creators

Hindustan Unilever 

Rank: 9

Wealth created: Rs 51,600 crore (Rs 516 billion)

Wealth share: 2.8%

HUL takes the 9th place with 2.8% of wealth created.

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India's 20 biggest wealth creators

Wipro

Rank: 10

Wealth created: Rs 46,900 crore (Rs 469 billion)

Wealth share: 2.5%

Wipro, the third company from the IT sector, find its place among the top ten for the first time. 

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India's 20 biggest wealth creators

HCL Technologies

Rank: 11

Wealth created: Rs 38,000 crore (Rs 380 billion)

Wealth share: 2.1%

HCL Technologies joins the list of biggies with 2.1% of share in wealth creation.

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India's 20 biggest wealth creators

Asian Paints 

Rank: 12

Wealth created: Rs 35,600 crore (Rs 356 billion)

Wealth share: 1.9%

Asian Paints has emerged as the ‘Most Consistent Wealth Creator’, being ranked all past 10 Wealth Creation studies, and with the highest price CAGR of 36 per cent (2004-13), says the Motilal Oswal study.

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India's 20 biggest wealth creators

Mahindra & Mahindra

Rank: 13

Wealth created: Rs 32,700 crore (Rs 327 billion)

Wealth share: 1.8%

After Tata Motors, M & M finds is listed among India’s best wealth creators.

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India's 20 biggest wealth creators

ICICI Bank

Rank: 14

Wealth created: Rs 31, 600 crore (Rs 316 billion)

Wealth share: 1.7%

With a wealth share of 1.7%, ICICI Bank is 2nd bank to be ranked in the top 20 list.

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India's 20 biggest wealth creators

Nestle India 

Rank: 15

Wealth created: Rs 29,900 crore (Rs 299 billion)

Wealth share: 1.6%

Riding high on the success of consumer and retail sectors, Nestle India is ranked at 15th place.

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India's 20 biggest wealth creators

State Bank of India 

Rank: 16

Wealth created: Rs 29,300 crore (Rs 293 billion)

Wealth share: 1.6%

At a time when PSUs are failing in wealth creation, State Bank of India stands out as a wealth creator.

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India's 20 biggest wealth creators

Hindustan Zinc 

Rank: 17

Wealth created: Rs 28,900 crore (Rs 289 billion)

Wealth share: 1.6%

Over the years, value has migrated from PSUs to private companies across sectors - Banking, Telecom, Oil & Gas, Metals & Mining, Utilities, Capital Goods etc, states the study.

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India's 20 biggest wealth creators

UltraTech Cement

Rank: 18

Wealth created: Rs 27,600 crore (Rs 276 billion)

Wealth share: 1.5%

Many young companies merge into the Value Creation zone i.e. RoE of 15 per cent or higher. If led by a good management, these companies are likely to sustain their above-cost-of-equity performance for several years, says the study.

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India's 20 biggest wealth creators

Kotak Mahindra Bank

Rank: 19

Wealth created: Rs 24,900 crore (Rs 249 billion)

Wealth share: 1.4%

Consumer and Technology have beaten the erstwhile two-time leader Financials in Wealth Creation. Interestingly, over 2008-13, PAT CAGR for Consumer and Technology at 19 per cent is lower than that of financials at 22 per cent. 

One of the biggest wealth creators, Kotak Mahindra Bank has a share of 1.4%. 

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India's 20 biggest wealth creators

Lupin

Rank: 20

Wealth created:  Rs 23,700 crore (Rs 237 billion)

Wealth share: 1.3%

The period 2008-13 was an unusually tough time both for the Indian economy and stock markets, states the report. Lupin is the second pharma company among the toppers to have turned the tide during the economic slowdown.