Business Today

How we did it

How we did i arrived on the list for the large, mid-size and small companies.

Print Edition: June 15, 2008

Step 1: Shortlisting
Only listed companies (on the Bombay Stock Exchange or National Stock Exchange) were considered. A cut-off market capitalisation of Rs 100 crore (December 31, 2007) and a cut-off sales revenue of Rs 100 crore (between January 1 and December 31, 2007) were enforced. A total of 349 companies made the cut. Only companies with positive operating and net profit figures were considered. Period under consideration: the four quarters of calendar year 2007; i.e. January 1, 2007, to December 31, 2007.

Step 2: Adjustments
The operating profit (PBDIT) and net profit figures have been arrived at after discounting non-recurring income.

Step 3: Measuring growth
Growth was measured as a factor of net sales, operating profit, and net profit. The weightages assigned were 40 per cent for net sales, and 30 per cent each for operating and net profits; these were further split equally across four quarters (i.e. 10 per cent for net sales for each quarter and so on). A growth of over 60 per cent fetches the maximum possible score; a growth of 20 per cent, the minimum possible score; and a growth between 20 per cent and 60 per cent, a proportionate score.

Step 4: Sanity check
Only companies that showed a growth higher than 20 per cent on all parameters on an annual basis were included.

Step 5: The list
The listing was broken up to factor in size. The companies are categorised according to their revenues. Thus, there are three of companies with annual revenues higher than Rs 2,000 crore, the second of companies with revenues between Rs 1,000 crore and Rs 2,000 crore, and the third of companies with revenues lower than Rs 1,000 crore. Eventually, 212 small companies (of them only 25 have been listed here due to space constraints), 75 mid-sized companies (of them only 31 have been listed here) and 62 large companies made the grade.

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