Selecting the FE-500

Font Size

Print

Feedback

Email

Discuss

: The FE 500 list has been compiled from published balance sheets of companies for the financial year between April 1, 2005 and March 31, 2006. However, for some companies June 2006 figures are considered. The list includes both private and public sector companies (excluding non-banking finance companies and banks) that are listed on the markets and whose balance sheets were available by December-end 2006.

In the tables that follow, any reference to 2006 (current) refers to the financial year 2005 -06 and similarly 2005 would refer to the previous financial year. In instances where companies have reported financial figures for periods that were less than or even more than 12 months, the numbers have been annualised to arrive at a comparable figure.

For the purposes of our study, the ranking has been done on the basis of Net Sales, which is arrived at after deducting the sales figure (the main income) with the excise duty. In several cases, the sales figure could include service charges and lease income too.

Assets, in the tables, relate to fixed assets (land, buildings, machinery etc) and also include capital work-in-progress, cash and bank balances, loans and other debtor balances, investments and other intangible assets, excluding accumulated losses and advance tax provisions.

Operating profit is arrived at by adding interest to the gross profit number. The gross profit number is arrived at by adding the profit before tax (PBT) and depreciation. Deduct taxes (including deferred taxes) from the PBT figure and you get profit after tax (PAT). PAT minus dividends gives us the retained profit amount.

Market capitalisation is the market value of a company's outstanding shares based on closing market prices as on March 16, 2007. Net worth is the paid-up capital (equity and preference) plus total reserves and surplus excluding accumulated losses. Earnings per share (EPS) refer to PAT divided by the number of outstanding equity shares.