Top 5 Most Profitable Companies in India: Reliance, TCS, Tata, HDFC, SBI
22 April 2024
4 min read
00:00 / 00:00
Most Profitable Companies In India
Introduction
Are you afraid of market crashes and want to invest in stocks that have been top performers?
Typically, indexes like NIFTY or Sensex are an aggregate of the largest and best-performing companies on the stock market of India.
Here is an overview of the most profitable companies in India.
- Reliance Industries
What does Reliance Industries do?
Reliance Industries is an Indian-origin company which operates in many sectors. It provides services in sectors like:
- Oil and Gas Industry
- Chemical Industry
- Retail Industry
- Digital platforms and Telecommunication Industry
- Financial Industry
Reliance Industries – Year in review
Under the leadership of Mr Mukesh Ambani, it has consistently been one of the most profitable companies in India.
In fiscal year 21-22, Reliance Industries reported a net profit of Rs 67,565 crore. As a year-on-year comparison, this was a jump of 27%.
Current Numbers of Reliance Industries
The 52-week high and low share price of Reliance Industries in the Indian stock market was Rs 2,856.15 and Rs 2,016.25 respectively, at the time of writing this article.
- Tata Steel
What does Tata Steel do?
Tata Steel Limited is an Indian multinational top global steel-making company with a crude steel capacity of 34 million tonnes per annum.
Tata Steel – Year in review
Under the chairmanship of Mr Ratan Tata, this company has reported a profit of Rs 41,100.16 crore.
This company has beaten Tata Consultancy Services (TCS) to become the most profitable company within the Tata group.
The Board of Directors of Tata Steel has recommended a final dividend of Rs 51 for the FY 2021-22.
Current Numbers of Tata Steel
The 52 week high and low share price of Tata Steel was Rs 1534.50 and Rs 950.65 respectively at the time of writing this article.
- TCS (Tata Consultancy Services)
What does TCS do?
A part of the Tata group, TCS is one of India’s largest multinational businesses which provides services in sectors like:
- Communications and information technology
- Engineering
- Materials
- Services
- Energy
- Consumer products
- Chemicals
TCS – Year in review
This year, the TCS sales rose to 17% and it reported a profit of Rs 38,449 crore and gave huge returns to its investors.
Current Numbers of TCS
The 52 week high of the TCS share in the Indian Stock market has been Rs 4,043 and its low was Rs 3132.40, at the time of writing this article.
- HDFC Bank
What does HDFC Bank do?
HDFC bank is one of India’s leading private sector banks which offers a lot of financial services.
The services provided by HDFC Bank and other group companies are:
- Banking
- Real estate
- Bank
- Life and General Insurance
- Venture capital
- Asset management
- Education Loans
- Deposits
HDFC Bank – Year in review
FY 21-22 reported profits of Rs 38,150.90 crore. Recently it has announced a merger with its parent company – HDFC Ltd.
Current Numbers of HDFC Bank
The 52 week high and low of its share price have been Rs 1,725 and Rs 1,278.30 respectively at the time of writing this article.
- State Bank Of India (SBI)
What does SBI do?
SBI is an Indian public service bank. It offers financial services and is India’s largest lender. SBI has 3 core businesses:
- Financial services
- Asset management
- Health and Medical Informatics Business
SBI – Year in review
In the previous financial year, its profits grew nearly 50%. The profit recorded was Rs 36,356.17 crore.
Current Numbers of SBI
The 52-week high and low of SBI stock have been Rs 549 and Rs 400.50 respectively at the time of writing this article.
Conclusion
Other noteworthy top performers have been ICICI Bank with a 28% increase in profit and Indian Oil Corporation Ltd ranging between its stable 52-week high of Rs 111 and low of Rs. 108.30 at the time of writing this article.
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