Key Points
At the aggregate level, the incumbent companies show manageable debt and improving ability to service it, adequate equity and healthy top-line and bottomline growth..
While oil and gas has retained its status as the biggest sector in the listing based on annual revenue, banking leads in net profit share aided by buoyancy in credit offtake and improving asset quality...
The total revenue of the ET 500 companies increased by 12.7% annually between FY18 and FY23 to `151.2 lakh crore..
(The truncated sample of companies varied between 425 and 436 during the period depending upon how many lenders made it to the ET 500 list in a particular year.) As a result, the debt-equity (D/E) ratio improved to 0.7 in FY23 from 0.9 in FY18..
The top five sectors including oil and gas, banks, insurance, IT, and automobiles accounted for half the aggregate revenue and net profit of the ET 500 rankings in FY23..
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