INSUBCONTINENT EXCLUSIVE:
NEW DELHI: India has just got its first company with $100 billion market-capitalisation as, TCS, the crown jewel of Tata Group, zoomed past
the magic number in morning trade on Monday
The latest spike in TCS shares has been driven by its March quarter earnings, in which the company reported a 5.71 per cent sequential
growth in consolidated net profit at Rs 6,904 crore.
The $100 billion market-cap catapults TCS to an elite club
World over, there are only 63 other companies in this league, including the likes of Amazon and Facebook.
The figure equals the GDP of as
many as 128 countries the world over, is bigger than the total market capitalisation of all the stocks listed on Pakistan Stock Exchange and
achieved.
GDP of 128 countriesThe 100-billion mark is special given there are 128 countries in the world, whose GDP as of 2017 estimates is
The list includes countries such as Sri Lanka, Ecuador, Slovakia, Kenya, Luxembourg, Costa Rica, Bulgaria, Belarus and Jordan among others
There are just 64-65 countries as per various estimates with over $100 billion GDP
Bigger than Pakistan Stock exchangeYes, at dollar-Pakistani rupee exchange rate of 116.04 , the 559 stocks listed on Pakistan Stock
Exchange amounted to $80 billion (or 9,32,5,89 crore Pakistani rupee) as of April 19
the world with market value of $100 billion or above
Apple is the most valued firm on the earth with mcap of $840 billion
Bill Gates' Microsoft enjoys m-cap of $731 billion
FANG stocks, Facebook enjoys a m-cap of $482 billion, Amazon 740.79 billion and Netflix $142 billion and Alphabet (Google) $746.03 billion
IBM's m-cap is at 133 billion
27% of FY19 total expenditureTCS m-cap at Rs 6.7 lakh crore is nearly 27 per cent of total expenditure of Rs 24.42 lakh crore estimated by
the government for the ongoing financial year
investment in Agriculture, social sector, Digital Payments, Infrastructure and Employment Generation while simultaneously sticking to the
path of fiscal rectitude.'
Equals India-Japan defence budgetsTCS' m-cap is equal to defence budgets of India and Japan combined
India overtook the UK as the fifth-largest defence spender in the world in 2017 at $52.5 billion, up from $51.1 billion in 2016, according
to the 'Military Balance 2018' report by the International Institute for Strategic Studies (IISS)
Japan's military on the other hand, has approved $45 billion in defence budget for FY19.
1/4th of India's forex reservesTCS' m-cap at $100
billion is roughly one-fourth of India's $426 billion forex reserves as of April 13
TCS matches up with Accenture's m-capAt just over $101 billion in market value, TCS' m-cap is within striking distance of Accenture's $102
TCS is trading at par with Accenture on the valuation front (versus 18 per cent discount to Accenture trade three months ago), Prabhudas
4% of BSE universeThe most valued firm in India accounts for 4.43 per cent of BSE's total m-cap, that is Rs 151 lakh crore as of Monday
TCS' nearest competitor RIL needs to rally 13 per cent to become the most valued firm
At present, RIL has m-cap of Rs 5.94 crore, which is over Rs 70,000 crore less than that of TCS
M-cap surge highest among Indian cosMarket capitalisation of the IT giant has risen from Rs 47,232 crore to a mammoth Rs 6.78 lakh crore in
14 years of its listing - the highest among all Indian listed companies
The IT major was listed on August 25, 2004, and if an investor had invested Rs 10,000 in TCS at that point, s/he would have made over Rs
1.40 lakh (ex-dividend) by now
The company made a total dividend payout of Rs 321/share since listing, ET Now reported
The IT stock has delivered 22.4 per cent return annually against up to 21 per cent return by peers Infosys (17 per cent), Wipro (11 per
cent) and HCL Tech (21 per cent)
At Rs 6.7 lakh crore, TCS alone hold 60 per cent of the group's total market value.
