Friday, July 15, 2011

Dun & Bradstreet's Recognizes Zylog Systems Ltd (ZSL) As One of India's Top 500 Companies for the FY 2010-2011

The Indian economy continued to demonstrate consistent growth underpinned by strong domestic demand, after emerging from the financial crisis. Various stimuli packages, coupled with positive economic and financial policy initiatives in the past couple of years, have helped India Inc to chart a progressive path. ‘India’s Top 500 Companies 2010’ captures the growth and business dynamics of leading Indian companies in 2010.
Some key highlights from the publication are as follows:

  • The recovery phase of FY10 clearly reflected in 37.9% y-o-y growth in average market capitalisation of Top 500 Companies to र 47,166.6 bn, accounting for 86.7% of the total average market capitalisation of the Bombay Stock Exchange (BSE) in FY10.
  • Further, aggregate total income of Top 500 Companies, which stood at र 29,427.2 bn and grew 5.9% y-o-y was equivalent to approximately 47.9% of India’s GDP at market price. This underscores the important role played by Top 500 Companies in the country’s economic development.
  • The double-digit bottom line growth of 24.1% of the Top 500 Companies that is growing at a faster pace than the top line, is yet another positive indicator of the healthy quotient of the economy.
  • Growth in PAT resulted in direct benefits for investors in the form of dividend, which stood at र 732.5 bn and grew 34.3% y-o-y. Banks have been the top dividend payers since the past three editions of Top 500 Companies. However, their contribution in total dividend decreased from 15.7% in the 2009 Edition to 13.6% in the 2010 Edition.
  • In terms of ownership, among the Top 500 Companies, private sector companies dominated in their contribution to aggregate income (49.3%), profit (52.3%), net worth (57.6%) and dividend (43.9%).
  • However, performance of foreign companies has been far better than private sector companies and public sector enterprises. Foreign companies recorded robust numbers with the highest growth in total income (13.8%) and PAT (39.8%), and higher NPM (11.8%) and RONW (24.7%).
  • The Top 500 Companies were able to manage their debt more efficiently during FY10. Debtequity ratio of these companies, excluding banks and NBFCs, improved from 0.7 times in FY09 to 0.6 times in FY10 and their interest coverage ratio improved from 6 times in FY09 to 7.5 times in FY10.
  • Reflecting the depth and dynamism of India Inc., this year’s edition includes 46 new entrants compared with 42 in the previous edition. Of these, 27 new entrants outperformed their sector averages with either better PAT or top line growth and operating efficiency or a commensurately strong equity performance, ensuring their inclusion in this year’s Top 500.
India, with its enormous opportunities and untapped potential, will have an important role to play in the global economy with strong growth prospects. D&B India is committed to record the economic and corporate transition of India Inc. through its editions of ‘India’s Top 500 Companies’

Click here to read the full details.


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