Reliance Industries most loved stock on bourses

If revenues be considered as a company's actual size and market capitalisation as a measure of investors' faith, Reliance Industries has emerged as the most loved company on Indian bourses with its market value exceeding the full-year turnover by highest margin among all.

Ironically, state-run refiner Indian Oil Corp, the country's biggest Fortune 500 firm by virtue of being the company with largest turnover, comes at the bottom of this list, according to an analysis of difference between market capitalisation and annual revenue.

Mukesh Ambani-led RIL, India's most valued firm, has a market cap exceeding its latest fiscal total income by more than Rs 2,00,000 crore. This is the highest among 2,744 actively traded listed companies who have announced their latest fiscal financial results. The company's market cap currently stands at about Rs 3,17,000 crore and is the only company to have a market cap of more than Rs three trillion.

RIL is followed by Sunil Mittal-led Bharti Airtel, the country's biggest private sector cellular operator, in terms of gap between market cap and annual revenue, which currently stands at about Rs 1,56,000 crore.

Public sector energy giant ONGC, the second most valued firm after RIL, is ranked at third position with a gap of about Rs 1,35,000 crore, followed by largest real estate firm DLF Ltd, commanding a market cap premium of about Rs 1,25,000 crore over its revenue. State-run power giant NTPC is at fifth position with a difference of about Rs 1,20,000 crore.

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Source: ET