Dun & Bradstreet – Manapurram Finance Corporate Awards 2014

Dun & Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, today announced and presented the ‘ Dun & Bradstreet – Manapurram Finance Limited Corporate Awards 2014 ’ in Mumbai.

The occasion also marked the launch of the fourteenth edition of Dun & Bradstreet India’s premium publication,‘India’s Top 500 Companies 2014’ by Chief Guest, Dr. Arun Shourie, while Mr. V. P. Nandakumar, Managing Director & Chief Executive Officer, Manappuram Finance Limited, Dr. Alok Bharadwaj, Executive Vice President, Canon India, Dr. M. R. Rao, Provost, Woxsen School of Business and Mr. Binod Singh,President, CEO & Member of the Board, Ilantus Technologies Private Limited delivered the address at the event.

Dun & Bradstreet felicitates 50 of India’s leading corporate names and top performers across sectors

Winners of the D&B – Manappuram Finance Limited Corporate Awards 2014

Sector	Top 500 2014 Award Winner
Agro Chemicals	UPL Limited
Auto Components	Motherson Sumi Systems Limited
Automobile - Two Wheelers	Bajaj Auto Limited
Automobiles	Mahindra & Mahindra Limited
Banks	HDFC Bank Limited
Batteries	Exide Industries Limited
Bearings	SKF India Limited
Cement	UltraTech Cement Limited
Chemicals	Pidilite Industries Limited
Cigarettes	ITC Limited
Computing and Telecom products	Redington (India) Limited
Construction - Infrastructure Development	Reliance Infrastructure Limited
Consumer Durables / Domestic Appliances	TTK Prestige Limited
Electrical and Electronic Equipments	Havells India Limited
Engineering / Capital Goods	Larsen & Toubro Ltd.
Fertilizers	Tata Chemicals Limited
FIs / NBFCs / Financial Services	Housing Development Finance Corporation Limited
FMCG	Hindustan Unilever Limited
Food and Agro Processing	Kwality Limited
Footwear	Bata India Limited
Gas - Processing, Transmission and Marketing	GAIL (India) Limited
Gems and Jewellery	Titan Company Limited
Glass and Ceramics	Kajaria Ceramics Limited
Graphite and Electrodes	Graphite India Limited
Hotels	The Indian Hotels Company Limited
Iron and Steel	Tata Steel Limited
Liquor	United Spirits Limited
Mining	NMDC Limited
Non-Ferrous Metals	Hindustan Zinc Limited
Oil - Refining and Marketing	Reliance Industries Limited
Oil & Gas Exploration	Oil & Natural Gas Corporation Limited
Paints	Asian Paints Limited
Paper	Tamil Nadu Newsprint and Papers Limited
Petrochemicals and Polymers	Supreme Petrochem Limited
Pharmaceuticals	Lupin Limited
Plastic and Plastic Products	Supreme Industries Limited
Plywood	Greenply Industries Limited
Power	NTPC Limited
Power Equipments	Crompton Greaves Limited
Real Estate	Prestige Estates Projects Limited
Retail	Future Retail Limited
Shipping	The Great Eastern Shipping Company Limited
Software and ITeS	Tata Consultancy Services Limited
Specialty Oils and Lubricants	Castrol India Limited
Sugar	Balrampur Chini Mills Limited
Telecom Services	Bharti Airtel Limited
Textiles	Grasim Industries Limited
Trading	Adani Enterprises Limited
Transport and Logistics	Container Corporation Of India Limited
Tyres	MRF Limited

Some Key highlights:

• Market capitalization of Top 500 companies increased by 4% in FY13, with 257 companies seeing a drop in average market cap of ` 3.8 trillion in FY13 whereas 237 companies registered an increase of ` 5.4 trillion.
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• With sluggish demand, top-line growth for the Top 500 decelerated from 24.6% in previous edition during FY12 to 10.6% in FY13 while bottom-line growth decelerated from 7.30% to 5.2% for the same period. Total income to GDP ratio at current market prices stood at 50% in FY13.
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• On an aggregate basis, overall expenses (excluding taxes) of Top 500 companies registered y-o-y growth of 11.4% in FY13. Increase in import bills of inputs such as coal and elevated crude oil prices led to y-o-y increase in raw material expenses of 9% in FY13 whereas finance costs have increased by a significant 20.3% y-o-y in FY13.
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• High inflation and interest costs and weakening rupee impacting commodity prices dented profit margins. Despite decline in NPM, Top 500 companies increased dividend payout to shareholders from 27% in FY12 to 30% in FY13, since confidence in investments declined amid challenging economic environment.
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• Private companies scored in profit growth, but PSUs paid more dividends. Profits of private companies in FY13 increased by 7.4% y-o-y whereas for PSUs it increased by 2.1% y-o-y. PSUs recorded 18.8% growth in dividends outpacing their private counterparts who registered 16.4%.

• Top-line growth of Top 500 companies moderated to 8.2% compared with 9M FY13, reflecting weak business confidence during 9M FY14. Further, bottom-line growth decelerated at 1.4% during 9M FY14 compared with 12.9% during 9M FY13.
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• Aggregate expenditure of Top 500 companies during 9M FY14 decelerated to 8.1% from 12.1% during 9M FY13. Raw material expenses saw decelerated growth of 3.3% in FY14 compared with 10.7% in FY13 and interest costs saw 12.7% growth in FY14 against 22.5% growth in FY13.

The occasion also marked the launch of the fourteenth edition of Dun & Bradstreet India’s premium publication, ‘India’s Top 500 Companies 2014’ by Chief Guest, Dr. Arun Shourie, while Mr. V. P. Nandakumar, Managing Director & Chief Executive Officer, Manappuram Finance Limited, Dr. Alok Bharadwaj, Executive Vice President, Canon India, Dr. M. R. Rao, Provost, Woxsen School of Business and Mr. Binod Singh, President, CEO & Member of the Board, Ilantus Technologies Private Limited delivered the address at the event.

Speaking at the awards ceremony, Mr. Kaushal Sampat, President & CEO – India, Dun & Bradstreet said “Despite subdued consumption demand and inflationary pressures that persisted during FY14, the Top 500 Companies managed to show modest 8% growth in their top line earnings during first nine months of FY14 as compared to the same period previous year. On the profitability front, margins declined marginally from 7.5% during 9M FY13 to 7% during 9M FY14. On the back of policy initiatives expected from the new government, we expect revival in the domestic economy in FY15, albeit at a slower pace, as measures to boost business confidence will take time to fructify. For FY15, D&B expects the GDP to grow by 5.5%.”

Giving further insights into the Top 500 series, he added, “There are 375 companies that are common between the 2009 and 2014 editions, i.e., these are the consistent performers who have continued to remain in the list of Top 500 Companies for all five years. In fact, 37 of these 375 companies have grown from small to mid-cap or mid-cap to large categories, truly a commendable achievement in these challenging times.” he added

Speaking on the occasion, Mr. V.P. Nandakumar, MD & CEO of Manappuram Finance Limited, said, “Manappuram is honoured to partner with Dun & Bradstreet for this prestigious event. I take this opportunity to congratulate all the winners of the D&B Manappuram Finance Ltd. Corporate Awards for 2014 and also those companies who have made it to ‘India’s Top 500 Companies 2014’”.

About the ‘Dun & Bradstreet Corporate Awards 2014’

The ‘Dun & Bradstreet Corporate Awards 2014’ seeks to recognize and felicitate corporate India’s leading companies from various sectors. The Awards event is closely tied to the publication, India’s Top 500 Companies 2014. Therefore, the base universe of the companies considered for the Dun & Bradstreet Corporate Awards 2014 comprised of the Top 500 companies of India as covered under the publication.

The awards methodology was applied to this list of Top 500 companies, duly classified in their respective sectors. D&B India developed a proprietary financial model for identifying the top companies in each sector. The model is based on the premise of recognising the twin virtues of size and growth of the companies while awarding them. The analyst team identified pertinent financial parameters to fulfil this premise and assigned weights to them. 

Winners were chosen on the basis of a composite score of these weighted parameters. The parameters considered for ranking the companies include - total income, net profit, net worth, net profit margin, return on net worth, average market capitalisation for FY13, growth in total income and growth in net profit.

About ‘India’s Top 500 Companies 2014’

Over the past decade, Dun & Bradstreet India (D&B India) has endeavoured to provide top Indian companies a global platform through its acclaimed publication, ‘India’s Top 500 Companies’. The publication profiles India’s most well - respected and high performing companies on the basis of various financial parameters. The 2014 edition is the 14^th edition of the publication.

The criteria for ranking used in the D&B’s publication ‘India’s Top 500 Companies 2014’ are total income, net profit and net worth. It includes both private sector companies as well as public sector enterprises (PSEs) that are listed on stock exchanges. The companies were short listed on the basis of their market capitalisation on the Bombay Stock Exchange and the National Stock Exchange, India’s two main stock exchanges. 

The companies in the publication have been classified on a sectoral basis. The sectoral classification is based on segmental revenue – a company should generate at least 35% of its revenues from a particular sector in order to be classified under that sector. Within each sector, the companies have been further ranked based on total income. The ‘Others’ category includes companies which are the only ones present in a particular sector; whereas companies operating in more than one segment which individually does not contribute to more than 35% are classified under the ‘Diversified’ category.

About Dun & Bradstreet (D&B):

Dun & Bradstreet (NYSE:DNB), the world's leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for over 172 years.  D&B's global commercial database contains more than 230 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network -an unrivaled alliance of D&B and leading business information providers around the world customers gain access to the world's largest and highest quality global commercial business information database.

Customers use D&B Risk Management Solutions to mitigate risk, increase cash flow and drive increased profitability, D&B Sales & Marketing Solutions to analyse markets, locate prospects and increase revenue from new and existing customers; D&B Learning Solutions to facilitate professional growth and excellence among their executives and D&B Economic Analysis Group to derive pragmatic and solution-oriented analyses of strategic economic and business developments, thereby aiding informed decision making.

D&B featured on FORTUNE Magazine's Most Admired Companies Industry List for four consecutive years (2006 -2009), ranking first in the Financial Data Services category. D&B ranked first in the areas of employee talent, financial soundness, long-term investment, quality of management and use of corporate assets.  In 2014, D&B featured on the World’s Most Ethical Companies list in the Business Services category by Ethisphere, for the sixth consecutive year. The World’s Most Ethical Companies designation recognizes companies that truly go beyond making statements about doing business “ethically” and translate those words into action.

For further information please contact:

Blue Lotus PR:   

Kishor Barua - +91 9594160314                                                        

Sukriti Kumar - +91 9833252547

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