Top 5 Companies With The Highest Net Worth As Of FY13

With the annual financial results announced, it seems like the right time to look at how companies have fared on different financial parameters. Here, we will be looking at the top 5 companies with the highest net worth as of FY13.

Investopedia defines net worth as the amount by which assets exceed liabilities. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. A consistent increase in net worth indicates good financial health as also net worth may be depleted by annual operating losses or a substantial decrease in asset values relative to liabilities. In the business context, net worth is also known as book value or shareholders' equity.

Reliance Industries: The Reliance Group, founded by Dhirubhai Ambani, is India's largest private sector enterprise, with businesses spanning from retail to refinery. The group's annual revenues are in excess of USD 66 billion. The flagship company, Reliance Industries, is a Fortune Global 500 company and is the largest private sector company in India in terms of both sales and profit. 

The company has topped the list with a net worth of Rs 1,79,995 crore and the market capitalisation of the company stands at Rs 2,62,551 crore. On a YTD basis, the stock of the company has given a negative return of 6.06%.

Oil & Natural Gas Corporation: Oil and Natural Gas Corporation (ONGC) engages in the exploration, development, production, and refining of oil and gas in India and internationally. The company’s products include crude oil, natural gas, liquefied petroleum gas, naphtha, ethane/propane, kerosene oil, to name a few. It is also involved in power generation, liquefied natural gas supply, and pipeline transportation activities; and the provision of petrochemicals. ONGC was incorporated in 1993 and is headquartered in Dehradun.

This is the only company in our list of 5 companies that has provided positive returns on a YTD basis to the tune of 15.30%. The net worth of the company stands at Rs 1,12,956 crore and the market capitalisation stands at Rs 2,69,326 crore.

NTPC: NTPC is India's largest power company and was set up in 1975 to accelerate power development in India. It is emerging as an ‘Integrated Power Major’ with a significant presence in the entire value chain of the power generation business. NTPC was ranked 337th in the ‘2012, Forbes Global 2000’ ranking of the world’s biggest companies. The current generating capacity of the company stands at 41184 MW. It aims to become a 1,28,000 MW company by 2032.

The net worth of the company, by the end of FY13, stood at Rs 73,291 crore and the market capitalisation stands at Rs 1,25,124 crore. The company, on a YTD basis, has given negative returns of 3.23%.

Indian Oil Corporation: Indian Oil Corporation (IOC) is India's largest company by sales, with a turnover of Rs 4,47,096 crore and profit of Rs 5005.17 crore for the year 2012-13. It is the highest ranked Indian company in the latest Fortune ‘Global 500’ listings, ranked at the 83rd position. IOC’s vision is driven by a group of dynamic leaders who have made it a name to reckon with.

The net worth of the company stands at Rs 57,876 crore as of FY13 and has given negative returns of 5.99% on a YTD basis. The market capitalisation of the company stands at Rs 61,463 crore.

Tata Steel: Established in the year 1907, Tata Steel is among the top 10 global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (MTPA). It is now one of the world's most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries. Tata Steel’s larger production facilities include those in India, the UK, the Netherlands, Thailand, Singapore, China and Australia. Operating companies within the group include Tata Steel (India), Tata Steel Europe (formerly Corus), NatSteel, and Tata Steel Thailand (formerly Millennium Steel).

The company has a market capitalisation of Rs 26,747 crore and the stock has given negative returns of 39.27% on a YTD basis - the most in our list provided above. The net worth of the company, as of FY13, stands at Rs 52,216 crore.