34 C
Delhi
Tuesday, September 29, 2020

RIL emerges as biggest wealth creator after 7 years

- Advertisement -

RIL emerges as biggest wealth creator after 7 yearsMumbai, Dec 19 (IANS) After a gap of seven years, Reliance Industries Limited (RIL) has once again emerged as the biggest wealth creator over 2014-19 with the highest ever figures of Rs 5.6 lakh crore.

According to the Motilal Oswal 24th Annual Wealth Creation Study 2019, RIL, Indiabulls Ventures and IndusInd Bank are the biggest, fastest and most consistent wealth creators, respectively, between 2014 and 2019.

The Rs 5.6 lakh crore wealth created by Reliance is the highest ever so far by a huge margin.

One of the big findings of the survey is that state-owned companies have become marginalised in wealth creation with their share collapsing from 51 per cent in 2005 to 6 per cent in 2019.

The financials sector is the largest wealth creating sector between 2014 and 2019.

Indiabulls Ventures has emerged as the fastest wealth creator over 2014-19 with stock returns at a whopping 78 per cent CAGR.

Bajaj Finance has earned the unique distinction of being in the top 10 biggest as well as fastest wealth creators. The Rs 10 lakh invested equally among the top 10 fastest wealth creators in 2014 would have grown to Rs 110 lakh in 2019 at a return CAGR of 61 per cent vs barely 12 per cent for the Sensex.

IndusInd Bank has emerged the most consistent wealth creator by virtue of appearing among the top 100 wealth creators in each of the last 10 studies and recording the highest price CAGR of 49 per cent over the 10-year period between 2009 and 2019, ahead of Pidilite Industries’ 40 per cent.

The study noted that in equity investing, management is 90 per cent, industry 9 per cent and 1 per cent everything else. Hence, getting management integrity right is the critical first step, the study stated.

There’s only one way of writing honest accounts, and infinite ways of manipulating them. The most sharp practices are to inflate profits and stuff the “financial trash” in the balance sheet.

The profit and loss statement is easier to manipulate, hence, managements must be statutorily asked to present a simplified free cash flow statement.

Auditors must be made more accountable to minority shareholders to avoid sharp practices by the management.

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Follow Us On

Related News

Security at Ladakh is uneasy, ‘no war no peace’ status: IAF chief

New Delhi, Sep 29 (PTI) The present security scenario along our northern frontiers is at an uneasy "no war no peace" status, Chief of...

New global test will give Covid test results ‘in minutes’

Geneva, Sep 29 (IANS) A test that can diagnose Covid-19 in minutes will dramatically expand the capacity to detect cases in low- and middle-income...

India can now take defence assets on lease

New Delhi, Sep 29 (IANS) India can take defence assets on lease as and when required and operate without owning thereby, substituting huge initial...

Microsoft joins telecommunications industry to roll out 5G, more

San Francisco, Sep 29 (IANS) Microsoft on Monday announced a partnership with the telecommunication industry globally to unlock the power of 5G and bring...

Kohli wins Super Over thriller for RCB, Kishan’s 99 in vain

Dubai, Sep 29 (IANS/GloFans) In yet another roller-coaster contest, Royal Challengers Bangalore (RCB) edged out Mumbai Indians (MI) in a Super Over tie-breaker - the...

Rs 3L cr PLI scheme for 10 sectors to boost domestic manufacturing

By Subhash Narayan, (IANS) In a major push to domestic manufacturing in the country, the government proposes to pump in over Rs 3 lakh...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Topics In India

Covid 19 India Updates

Health ministry launches web portal for COVID-19 vaccine updates

New Delhi, Sep 28 (PTI) The Union Health Ministry on Monday launched a web portal that will provide all important information on COVID-19, vaccine...

Health ministry launches web portal for COVID-19 vaccine updates

New Delhi, Sep 28 (PTI) The Union Health Ministry on Monday launched a web portal that will provide all important information on COVID-19, vaccine...

Dependence of global supply chain on single source exposed: PM Modi

New Delhi, Sep 28 (PTI) The coronavirus pandemic has shown the risk involved in excessive dependence of the global supply chain on any single...

Over 3,000 vaccinated against coronavirus in Moscow

Moscow, Sep 28 (IANS) More than 3,000 people in Moscow have been vaccinated against the novel coronavirus, the media has reported."More than 3,000 volunteers...

SC seeks UPSC response for not postponing exams scheduled on Oct 4

New Delhi, Sep 28 (IANS) The Supreme Court on Monday sought response from the UPSC as to why the Civil Services (Preliminary) examinations, scheduled...

Clinical trial of Ayurvedic remedy for Covid-19 shows groundbreaking results

New Delhi, Sep 28 (IANS) A groundbreaking interim report on a clinical trial being conducted in three hospitals has shown that Covid-19 patients on...

Trending News In India

India can now take defence assets on lease

New Delhi, Sep 29 (IANS) India can take defence assets on lease as and when required and operate without owning thereby, substituting huge initial...

New global test will give Covid test results ‘in minutes’

Geneva, Sep 29 (IANS) A test that can diagnose Covid-19 in minutes will dramatically expand the capacity to detect cases in low- and middle-income...

India can now take defence assets on lease

New Delhi, Sep 29 (IANS) India can take defence assets on lease as and when required and operate without owning thereby, substituting huge initial...

Microsoft joins telecommunications industry to roll out 5G, more

San Francisco, Sep 29 (IANS) Microsoft on Monday announced a partnership with the telecommunication industry globally to unlock the power of 5G and bring...

Kohli wins Super Over thriller for RCB, Kishan’s 99 in vain

Dubai, Sep 29 (IANS/GloFans) In yet another roller-coaster contest, Royal Challengers Bangalore (RCB) edged out Mumbai Indians (MI) in a Super Over tie-breaker - the...

Rs 3L cr PLI scheme for 10 sectors to boost domestic manufacturing

By Subhash Narayan, (IANS) In a major push to domestic manufacturing in the country, the government proposes to pump in over Rs 3 lakh...

Trending Showbiz

NCB seizes phones of Deepika, Rakul, Simone, Karishma in drugs case

Mumbai, Sep 26 (IANS) The Narcotics Control Bureau (NCB), which quizzed Bollywood actors Rakul Preet Singh, Deepika Padukone, her former manager Karishma Prakash, and...

NCB quizzes Deepika, Sara, Shraddha in drug case related to SSR death

Mumbai, Sep 26 (IANS) The Narcotics Control Bureau (NCB) on Saturday questioned Bollywood divas Deepika Padukone, Sara Ali Khan, Shraddha Kapoor for several hours...

‘CBI delay in converting abetment to suicide to murder frustrating’

Mumbai, Sep 25 (IANS) Vikas Singh, family lawyer of late actor Sushant Singh Rajput, on Friday stated that the delay being by Central Bureau...

NCB questions Rakul, Deepika’s ex-manager, Dharma Productions honcho

Mumbai, Sep 25 (IANS) The Narcotics Control Bureau (NCB) on Friday is questioning Bollywood actor Rakul Preet Singh, Dharma Productions executive producer Kshitij Ravi...

Famed singer S.P. Balasubrahmanyam succumbs to Covid-19

Chennai, Sep 25 (IANS) Famed playback singer and Padma awardee S.P. Balasubrahmanyam, or popularly SPB or Balu in the movie world and who has...

Trending Sports

Kohli wins Super Over thriller for RCB, Kishan’s 99 in vain

Dubai, Sep 29 (IANS/GloFans) In yet another roller-coaster contest, Royal Challengers Bangalore (RCB) edged out Mumbai Indians (MI) in a Super Over tie-breaker - the...

ICC gets recognition for two digital initiatives in Leaders in Sports Awards

Dubai, Sep 28 (PTI) The International Cricket Council (ICC) has been recognised for its twin digital initiatives at the prestigious Leaders in Sports Awards...

Played nearly 500 games, can speak to any player says Ganguly

Kolkata, Sep 28 (PTI) His nearly "500 international match experience" gives him the right to speak and guide any player "be it Shreyas Iyer...

Went through rigorous physical, mental transformation for 1996 Olympics, says Paes

New Delhi, Sep 28 (IANS) The year was 1996 and no Indian had won an individual medal at the Olympics 44 years prior to...

Sensational Tewatia hits five sixes in an over as RR defeats KXIP

Sharjah, Sep 28 (PTI) Rahul Tewatia struck five sixes in an over at the fag end of the match as Rajasthan Royals recorded the...

Gill stars as clinical KKR thrash SRH by 7 wkts

Abu Dhabi, Sep 27 (IANS/GloFans) Opener Shubhman Gill's unbeaten 70-run knock along with Eoin Morgan's 42 not out guided Kolkata Knight Riders (KKR) to...

Latest Trending News In India

Security at Ladakh is uneasy, ‘no war no peace’ status: IAF chief

New Delhi, Sep 29 (PTI) The present security scenario along our northern frontiers is at an uneasy "no war no peace" status, Chief of...

New global test will give Covid test results ‘in minutes’

Geneva, Sep 29 (IANS) A test that can diagnose Covid-19 in minutes will dramatically expand the capacity to detect cases in low- and middle-income...

India can now take defence assets on lease

New Delhi, Sep 29 (IANS) India can take defence assets on lease as and when required and operate without owning thereby, substituting huge initial...

Microsoft joins telecommunications industry to roll out 5G, more

San Francisco, Sep 29 (IANS) Microsoft on Monday announced a partnership with the telecommunication industry globally to unlock the power of 5G and bring...

Kohli wins Super Over thriller for RCB, Kishan’s 99 in vain

Dubai, Sep 29 (IANS/GloFans) In yet another roller-coaster contest, Royal Challengers Bangalore (RCB) edged out Mumbai Indians (MI) in a Super Over tie-breaker - the...