Reliance biggest wealth creator, Adani Enterprises top all-round wealthcreator: Study
Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. The study, based on stock market performance of companies, said for the fifth time in succession, Reliance emerged as the largest wealth creator, adding Rs 9,63,800 crore wealth over 2018-23.
It was followed by Tata Consultancy Services (Rs 6,77,400 crore wealth addition), ICICI Bank (Rs 4,15,500 crore), Infosys (Rs 3,61,800 crore) and Bharti Airtel (Rs 2,80,800 crore).
«A low-profile company, Lloyds Metals, has emerged the fastest wealth creator with 2018-23 price CAGR of 79 per cent,» it said. Adani Enterprises Ltd, the flagship incubator firm of the Adani Group, is a close second with a CAGR of 78 per cent.
It said Rs 10 lakh invested in 2018 in the top 10 fastest wealth creators would be worth Rs 1 crore in 2023, a return CAGR of 59 per cent.
Motilal said Capri Global is the most consistent wealth creator, outperforming the BSE Sensex in all the last five years with the highest price CAGR of 50 per cent.
Defining 'all-round wealth creators' as one which is the biggest, fastest and consistent stock market performer, the study said Adani Enterprises has emerged as the best all-round wealth creator. It is the 9th biggest wealth creator, second fastest and fifth most consistent.
It is followed by Varun Beverages, Adani Power, Tube Investments and ICICI Bank. Reliance is ranked at No.10 on this list.
«During 2018-23, the top 100 wealth creators of India Inc created wealth of Rs 70.5 lakh crore, lower than (Rs 92.2 lakh crore in) the previous 5-year period 2017-22.
