Companies with revenues less than Rs 1,000 crore that grew the fastest in 2007.
1. SunTV Network
2. Indiabulls Fin. Services
Indiabulls financial services’ journey from a congested office near Hauz Khas in Delhi to swank Colaba (South Mumbai) has taken a little over eight years. Its revenue grew at a CAGR of 159 per cent and profits even faster at a CAGR of 184 per cent between 2002-03 and 2006-07. During the last financial year, it logged consolidated revenues of Rs 1,688.8 crore and consolidated PAT of Rs 580.60 crore— a jump of 110 per cent and 91 per cent, respectively, over the previous year. Yet, its market cap has plunged steeper than the Sensex, from a peak of Rs 24,823 crore in December, 2007 to Rs 10,711.09 crore at present (on May 22). So why aren’t investors too impressed with Indiabulls?
3. Shri Lakshmi Cotsyn
|In graphics: Small companies (revenues below Rs 1,000 crore)|
4. Bombay Rayon Fashions
Our performance over the years has been very good,” says A.R. Mundra, BRFL’s Executive Director, a bit modestly. “We have been doubling our top line as well as bottom line year after year (for three years now).” Driving the Rs 239-crore company’s growth is its investment in capacity expansion; by December ‘08 it plans to increase its garment making capacity from 64,000 pieces a day to 200,000 pieces a day.
5. Cholamandalam DBS Finance
Ever since DBS invested in this company two years ago, Cholamandalam has expanded its portfolio of loans and tapped newer cities. Loan disbursements have jumped from Rs 3,104 crore in 2006-07 to Rs 5,150 crore last year. What’s ahead for Chola? “We will target SME products, extend home equity loans across the country, expand e-broking, look to finance construction equipment,’’ says Atul Pande, Managing Director.