Fundamental Analysis III: Company Analysis
The Indian economy, reeling under the pressure of many contingent events, did not show any recovery in the year 2002. The capital markets witnessed the biggest scam since 1992 and saw a significant decline in valuations of corporate enterprises. Corporate sector performance itself had shown lackluster in 2001–02. The impact of a global downtrend in commodity prices was severely felt by many corporate houses that had huge portfolios of commodity business. Many of them saw their sales and profits fall.
A select profile of top companies and the key financial numbers for 2000–01 and 2001–02, out of the 500 selected by the Economic Times, are listed in Table 11.1. These are India’s leading ...