MRC: Racing Ahead
The IOC has at the same time kept strengthening its verticals of E&P, petrochemicals and gas.
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Sun Never Sets
With more than 40 manufacturing plants spread around the world and over 2, 000 marketed products, Sun Pharma is not just India’s but one of the global pharmaceutical giants. Good scores on the parameters like financial return, trustworthy management team and working culture, amongst others, have led to the inclusion of Sun Pharam in the prestigious list of top Most Respected Companies. For FY19, the company witnessed a 10 per cent growth across markets in which it operates. Its revenue stood at over Rs 28,700 crore. “Over the years, the company has built a world-class manufacturing environment across all our plant sites, with globally accepted manufacturing practices, controls and standards,” says Dilip Shanghvi, Founder & MD of Sun Pharma. US market alone clocked a 22 per cent increased revenue in FY19 at Rs 10,700 crore and accounted for 37 per cent of companies overall revenue. In FY19, the acquisition of Pola Pharma of Japan has been another milestone for the pharma giant. “We grew by 11 per cent in emerging markets for the year. This growth was broad based across various markets. Our sales in the rest of world markets grew by 16 per cent for the year, driven by increased sales in some Western European markets and partly driven by the Pola Pharma acquisition in Japan,” adds Shanghavi. The company continues to focus on optimising its costs, given the tough phase that the global generics industry is passing through. “We strive to optimally utilise our resources with greater involvement of people, to make the company more efficient,” he says.
Under the visionary leadership of chairman Kushal Pal Singh, DLF continues to challenge the difficult market dynamics of the real estate industry. Touted as India’s largest real estate company, DLF has a proven track record of more than 70 years of sustained growth, delivery and innovations. In FY19, DLF successfully completed the Qualified Institutional Placement of Rs 3,173 crore of equity coupled with infusion of Rs 11,250 crore by the promoters. This act alone transformed the balance sheet of the company significantly and the group almost achieved its goal of being zero net debt. It recorded a consolidated revenue of Rs 9,029 crore in FY19 compared to Rs 7,664 crore in FY18 - an increase of 18 per cent. The ready-to-occupy inventory across the country stood at Rs 11,650 crore, which DLF said was monetising through a focused sales engine. This real estate mammoth makes it to the BW Businessworld’s list of Most Respected Companies on its sheer strength, size and a stable and trustworthy management team. Rajeev Talwar, CEO & Whole-time Director, DLF and also the chairman, NAREDCO, said: “The rising levels of transparency and professionalism in the India’s real estate market has made it attractive for domestic as well as global investors. Reforms like the implementation of RERA and GST, and the introduction of REIT have increased the returns potential of this market. Reforms have not only revived the consumer sentiment but have also helped in raising capital.”
Without doubt Indian Oil Corporation is one of the India’s largest commercial enterprises. Naturally, it has an extensive network of refining, distribution and marketing infrastructure for petroleum products. It also boasts state-of-the-art R&D facilities. On the basis of its financial performance alone, IOC finds itself among the top 20 lists of Most Respected Companies by BW Businessworld.
IOC posted fantastic financial results for FY19 under the visionary leadership of Chairman Sanjiv Singh. Besides posting all time high records in the three major parameters in sales, refineries and pipelines throughput, the company crossed a mammoth Rs 6 lakh crore milestone while posting impressive profits. IOC has been successful in putting up its philosophy of nation first and providing viable fuel solutions to diverse customer group. The IOC has at the same time kept strengthening its verticals of E&P, petrochemicals and gas. In terms of quantity, the sales of group including exports has been as high as 89.89 MMT where export has a substantial share of 5.24 MMT. The customer touch points also crossed mark of 50,000 along with 27,700 automated fuel stations. While both exports and imports have come down in 2019 in comparison to the 2018, Oil imports and non-oil imports have both come down by about $13 billion and $22 billion respectively. But IOC kept flying high.
India’s premier petroleum group, the Hindustan Petroleum Corporation has its own legacy of creating benchmarks. The foreign as well as domestic rating agencies also vouch for that. The HPCL continued to command strong and stable credit ratings by agencies like Moody’s, Fitch, CRISIL, ICRA and others in FY19. Based on strong financial performance, stable and able leadership team and its scale and size, HPCL makes it to the list of top Most Respected Companies. The excellent performance of 2018-19 was wide-ranging, encompassing stellar physical and financial performance across all functions. During FY19, HPCL registered the highest ever gross sales of Rs 2,95,713 crore with an impressive growth of about 22 per cent over historical. MK Surana, MD & Chairman, HPCL, said: the company “continues to ‘Deliver Happiness’ by fuelling the nation’s energy needs and enriching the lives of millions.” HPCL’s refineries at Mumbai and Visakhapatnam achieved the highest-ever combined refining throughput of 18.44 MMT with a capacity utilisation of 117 per cent and recorded the lowest-ever combined specific energy consumption during the year. HPCL continued the fast-paced growth in downstream marketing and recorded an excellent performance with highest-ever sales volume of 38.7 MMT, achieving a growth of 4.9 per cent. The performance of the group has been widely recognised through several prestigious awards including ‘Oil Marketing Company of the Year’.
Energising the Nation
To be the world’s leading power company and energising India’s growth is the vision of National Thermal Power Corporation, a Maharatna company. NTPC demonstrated an all-round performance and strengthened its fundamentals further in the financial year 2018-19. The company’s total generation grew at approximately 4 per cent in FY19 and the coal generation growth was higher than the national average. This Maharatna group finds its place in BW Businessworld’s list of Most Respected Companies on the back of strong financial performance, trustworthy leadership and continuous growth trajectory, among other factors. Its revenue touched Rs 100,000 crore and the company declared dividend of over Rs 5,400 crore to shareholders. This was the 26th consecutive year that NTPC paid dividend and the increase in dividend was 28.5 per cent over previous year. NTPC has also issued bonus shares for the first time. Says Gurdeep Singh, CMD, NTPC: “Operation and maintenance of power stations, project execution, adoption of new technologies and efficiency improvement measures and thrust on employee capability building are the key strengths of the organisation.”