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: The FE 500 list has been compiled from largely published balance sheets of companies, which closed their last financial year between April 1, 2006 and March 31, 2007. And for some companies June 2007 figures have been considered. It includes all 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 end-December 2007.

In the tables that follow, any reference to 2007 (current) refers to the financial year 2006-07. Similarly for 2006 (previous). Where companies had financial years that were less than 12 months or more than 12, the results 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 sales or main income minus excise duty. Sales include service charges and lease income.

Assets relate to fixed assets (land, buildings, machinery, etc) plus 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 gross profit plus interest.

Gross profit is arrived at profit before tax (PBT) plus depreciation. Deduct taxes (including deferred taxes) from the PBT figure and you get profit after tax (PAT). PAT minus dividends gives us retained profit.

Market capitalisation is the market value of a company’s outstanding shares based on closing market prices as on January 31, 2008.

Net worth is the paid-up capital (equity and preference) plus total reserves and surplus excluding accumulated losses.