Pocketful

Blog

  • Registrar And Transfer Agent: Definition, Roles, And Responsibilities

    Registrar And Transfer Agent: Definition, Roles, And Responsibilities

    Are you a mutual fund investor? If yes, then have you ever wondered how asset management firms (AMCs) manage such a high volume of transactions daily, and how they plan to maintain an archive of all investors, including contact information? RTA, or Registrar and Transfer Agent, oversees the same, making the procedure a lot easier for AMCs.

    In this blog, we will cover the meaning of Registrar and Transfer Agents (RTAs) in the mutual funds world and all the services they offer.

    What is Registrar and Transfer Agent

    Registrar and Transfer Agent

    Registrar and Transfer Agents, or RTAs, are financial entities that assist asset management companies (AMCs) in keeping track of ownership of mutual fund units. In simple terms, they help companies in record maintenance and typically serve as a middleman between investors and AMCs or securities issuers. RTAs offer services across the country via their digital platform and are registered with the market regulator, i.e. Securities and Exchange Board of India.

    Roles and Responsibilities of RTA

    There are various critical roles and responsibilities to be fulfilled by RTAs, a few of which are mentioned below:

    • Maintenance of Records – RTAs are the sole entities responsible for maintaining records of investors or unit holders, including names, addresses, phone numbers, and other relevant information.
    • Recording of Transactions – RTAs maintain a record of all securities transferred from one investor to another.
    • Distribution of Dividend – After receiving payout details from asset management companies, RTAs ensure that the dividends are accurately distributed to the respective unit holders of a mutual fund.
    • Regulatory Compliance – RTAs ensure full adherence to the regulations set by our regulator, i.e., the Securities and Exchange Board of India (SEBI).

    Services Provided to Asset Management Companies

    The following are different services provided by RTA to the AMCs:

    • KYC Verification: One of the primary services is investor KYC verification to comply with SEBI regulations.
    • Record Maintenance: RTAs keep up-to-date records of each investor’s contact details, including address and ownership information.
    • Fund Accounting: RTAs assist AMCs with accurate NAV computation and ensure investors receive the correct investment value.
    • Regulatory Compliance: Helping AMCs adhere to SEBI’s regulatory standards.
    • Delivery of units: Ensuring the proper and timely delivery of mutual fund units to investors is one of the RTA’s most critical responsibilities.

    Services Provided to Mutual Fund Investors

    RTAs offer multiple services to the mutual fund investors. Such as:

    • Transactions – RTAs facilitate mutual fund transactions via online platforms, enabling operations such as redemption, switching, and more.
    • Statement of Accounts – Additionally, RTAs provide mutual funds investors with a consolidated account statement that presents a comprehensive snapshot of all the mutual fund holdings.
    • Additional Requests – Through the online portal of RTAs, investors can submit various requests, such as cancellation of SIPs, STP, or SWP, updating bank account details, nomination changes, and much more.
    • Dividend Distribution – RTAs manage the processing and delivery of dividends to the unitholders of mutual funds. 

    Services Provided to Alternative Investment Funds (AIFs)

    RTAs provide services to alternative investment funds (AIFs) as well. Below mentioned are some of the key services:

    • Client Onboarding: RTAs assist AIFs in onboarding new clients by verifying their eligibility which includes multiple compliance works such as KYC verification.
    • Record Maintenance: They maintain comprehensive investor records for AIFs, including details on holdings, invested capital, dividends, capital gains, and more.
    • Regulatory Compliance: RTAs help AIFs meet all SEBI-mandated requirements and prepare and submit necessary regulatory reports from time to time.

    Did You Know?

    As of 30 August 2024, there are 321 RTAs on Central Depository Services Limited (CDSL) and 97 RTAs on National Securities Depository Limited (NSDL). CDSL and NSDL are two government-registered depositories in India.

    Read Also: Who Regulates Mutual Funds in India?

    Charges by RTAs

    Charges by RTAs

    The RTAs levy various charges on companies for providing their services. A few of these are mentioned below:

    • Transaction-Based Charges – These charges are based on transactions done by the investors, such as purchases and redemptions.
    • Asset-Based Charges – This fee is determined on the basis of assets under management (AUM) of the companies.
    • Maintenance Fees – This is an annual fixed fee for keeping the records up to date of asset management companies.
    • Dividend Fees – This charge is levied for processing and delivering the dividends to the unitholders of mutual funds.
    • Compliance Fees – RTAs levy a compliance cost for providing services such as KYC verification, anti-money laundering documentation, and other compliance related tasks.

    Remember that the investors bear all these costs, because eventually all fees or charges levied by the RTAs are often included in the total expense ratio (TER) of mutual funds.

    Read Also: What is an Open-Ended Mutual Fund & How to Invest in it?

    Conclusion

    In summation, Registrars and Transfer Agents (RTAs) play a crucial role for asset management firms because they take all the responsibility of maintaining investor records, managing transaction data, facilitating new investor onboarding, compliance work, and much more.

    Further, they also offer their services to Alternative Investment Funds (AIFs) and Portfolio Management Service (PMS) Companies.

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1What Is An IPO Mutual Fund? Should You Invest?
    2Mutual Fund Taxation – How Mutual Funds Are Taxed?
    3What is Solution Oriented Mutual Funds?
    4What is TREPS & Why Mutual Funds Invest in it?
    5Debt Mutual Funds: Meaning, Types and Features

    Frequently Asked Questions (FAQs)

    1. Can I directly contact the RTA for my investment-related issues?

      Yes, if an investor has any questions related to their investment in mutual funds, they can speak with the relevant RTA directly.

    2. How can I check which mutual funds are managed by which RTA?

      You can easily know the RTA of your mutual fund by checking the account statements sent by the AMCs. Alternatively, visit the AMC website and navigate to the Investor or Contact Us section to find the RTA details.

    3. What should I do if RTA does not resolve my complaint?

      One can directly complain to RTA via their customer service. In case no satisfactory resolution is provided, one can file a complaint with SEBI via their SCORES online platform.

    4. What is the function of the Registrar and Transfer Agent in the mutual fund industry?

      RTAs keep a track of transaction records and investors information. In simple terms, they provide record maintenance services to the AMCs. Apart from this, they also ensure that investors receive appropriate units for their investments.

    5. Who is the regulating authority for the Registrar and Transfer Agents (RTAs)?

      The Securities and Exchange Board of India oversees the Registrar and Transfer Agents.

  • SBI Case Study: India’s Leading Public Sector Bank

    SBI Case Study: India’s Leading Public Sector Bank

    For over two centuries, the SBI has been a giant in the Indian banking industry, playing a pivotal role in the country’s financial development. As one of the largest banks in India, it has not only promoted economic development but also catalyzed financial inclusion, reaching even the most remote corners of the country. Its commitment to innovation and technological advancements has transformed the way banking is conducted.

    In today’s blog, we will explore the services offered by SBI and do a SWOT analysis to understand its position in the competitive market and recognize possible areas of growth and development.


    SBI Company Overview

    SBI is India’s largest public sector bank and a titan in the Indian banking landscape with a 1/4th market share. SBI is headquartered in Mumbai and holds a rich heritage of over 200 years.

    The roots of SBI trace back to 1806 when the Bank of Calcutta was established, the first joint stock bank in British India. Three separate presidency banks, Bank of Bengal, Bank of Bombay, and Bank of Madras, emerged across British India. In 1921, the three presidential banks merged to form the Imperial Bank of India.

    In 1955, the government of India nationalized the Imperial Bank of India and renamed it the State Bank of India. SBI later acquired various state-associated banks and commercial banks.

    SBI has played an important role in bringing banking services to rural areas. Currently, SBI has a strong network of 22,405 branches and 65,627 ATMs.

    The Bank’s core values are Service, Transparency, Ethics, Politeness, and Sustainability.

    SBI Logo

    Business Model & Services Provided by SBI

    SBI caters to a wide range of customers and offers a comprehensive suite of financial products and services. These services can be broadly classified into:

    Business Model & Services Provided by SBI
    • Personal Banking – Under this segment, the bank offers services such as loans, savings accounts, current accounts, digital loans, NRI business, and wealth management.
    • Rural Banking – Under this segment, the bank helps rural people of India by providing financial services, small loans, and agricultural business support.  
    • International Banking Group – Overseas branches, banking subsidiaries, joint ventures, and associates are consistently paving the way in international banking in India.
    • SME Banking – The bank offers innovative financial solutions to its SME client base under this segment.
    • Corporate Banking – Top corporations in the nation, including Navratna PSUs, can choose from a wide range of financial products and services provided by the bank’s Corporate Accounts Group and Commercial Credit Group.
    • Government Business – The bank helps the government of India with e-governance initiatives and creates e-solutions for both Central and State Governments.  

    Read Also: Punjab National Bank vs State Bank of India

    Financial Statements of SBI

    Income Statement

    ParticularsFY 2024FY 2023FY 2022
    Interest earned4,39,1883,50,8442,89,972
    Total Income5,94,5744,73,3784,06,973
    Total Expenditure4,95,5433,79,7443,30,519
    Net Profit68,22456,60936,395
    (The figures mentioned above are in INR crores unless mentioned otherwise)
    SBI Income Statement

    Balance Sheet

    ParticularsFY 2024FY 2023FY 2022
    Deposits49,66,53744,68,53540,87,410
    Borrowings6,39,6095,21,1514,49,159
    Investments21,10,54819,13,10717,76,489
    Advances37,84,27232,67,90227,94,076
    Total Assets67,33,77859,54,41853,60,883
    Total Shareholder Funds3,86,4913,30,2822,81,317
    (The figures mentioned above are in INR crores unless mentioned otherwise)
    SBI Balance Sheet

    Cash Flow Statement

    ParticularsFY 2024FY 2023FY 2022
    Cash flow from operating activities21,632-86,01357,694
    Cash flow from investing activities-4,251-4,040-3,618
    Cash flow from financing activities-9,8966,386-3,844
    (The figures mentioned above are in INR crores unless mentioned otherwise) 
    SBI Cash Flow Statement

    Key Performance Indicators (KPIs)

    Particulars (in %)FY 2024FY 2023FY 2022
    Net Interest Margin2.662.702.49
    Net Profit Margin15.5116.1212.53
    ROE17.3116.8012.53
    ROCE1.631.741.57
    CASA39.9242.6644.51

    SWOT Analysis of SBI

    SWOT Analysis of SBI

    Strengths

    1. SBI is a trusted and established brand in India that is known for its reliability and long history.
    2. It benefits from government support as a public sector bank, which can be beneficial in terms of policy benefits and stability.
    3. The bank holds a strong financial position, which allows it to grow and expand.

    Weaknesses

    1. SBI’s large size and public sector status can affect bank operations due to bureaucracy and slow decision-making.
    2. Although the bank has made strong progress in enhancing its customer service, it continues to encounter obstacles in ensuring a superior customer experience.
    3. It has been lagging behind certain private sector banks when it comes to embracing new technologies and digital innovations.

    Opportunities

    1. The increasing use of digital banking is an opportunity for SBI to offer more online and mobile banking services.
    2. SBI could consider buying smaller banks or financial institutions to improve its market position.
    3. It could also focus on reaching rural populations, women, and small businesses to encourage financial inclusion.
    4. SBI can also benefit from government initiatives such as Pradhan Mantri Jan Dhan Yojana and Mudra Yojana.

    Threats

    1. Private-sector banks increasingly provide competitive products and services and are often quicker to embrace advanced technologies and digital innovations.
    2. SBI’s operations could face challenges because of government or regulatory changes, and sticking to complex regulatory requirements can be time-consuming and costly.
    3. Cyberattacks and data breaches are becoming more prevalent, posing an ever-growing risk and having the potential to cause financial losses in addition to undermining the bank’s reputation.

    Read Also: SBI Cards and Payment Services Case Study: Products, Financials, and SWOT Analysis

    Conclusion

    The SBI stands out as a top-tier public sector bank in India, underpinned by its extensive network, government support, and wide range of products and services. Nevertheless, there are considerable challenges, economic uncertainties, and competition in the Indian banking industry. To prosper in the future, SBI must concentrate on digital transformation, financial inclusion, international expansion, innovation, and risk management. The bank has the opportunity to maximize its strengths and overcome its weaknesses, ensuring its indispensable position in the Indian economy and delivering financial solutions to its customers.

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1ICICI Bank Case Study: Financials, KPIs, Growth Strategies, and SWOT Analysis
    2Vedanta Case Study: Business Model, Financial Statement, SWOT Analysis
    3Nestle India Case Study: Business Model, Financial Statement, SWOT Analysis
    4BPCL Case Study: Business Model, Product Portfolio and SWOT Analysis
    5Apollo Hospitals Case Study : Business Model, Financial Statements, And SWOT Analysis

    Frequently Asked Questions (FAQs)

    1. Is SBI a government bank?

      Yes, SBI is a public sector bank.

    2. Does SBI also offer investment products?

      SBI offers investment products such as mutual funds, fixed deposits, and government bonds, apart from regular banking services.

    3. How is SBI adapting to the digital age?

      SBI is investing in digital banking initiatives to improve customer experience and efficiency.

    4. Does SBI offer NRI banking services?

      Yes, SBI offers a range of NRI banking services to Indian citizens living abroad.

    5. Should I invest in SBI?

      Investing in SBI depends on an individual’s risk profile and financial objective. Remember, investing involves risk, and there is no guarantee of returns. It is important to consult your financial advisor before making any investment decisions.

  • Bajaj Auto Case Study: Business Model, Product Portfolio, and SWOT Analysis

    Bajaj Auto Case Study: Business Model, Product Portfolio, and SWOT Analysis

    India is one of the biggest automobile markets in the world, and many automobile companies are trying to gain market share. One such company is Bajaj Auto, but have you ever wondered how it became one of the dominant forces in the global two-wheeler and three-wheeler market? 

    The following case study looks at the incredible journey of Bajaj Auto from being a very small-scale company to becoming a household name, not only in India but all over the world. 

    Bajaj Auto Company Overview

    Bajaj Auto Ltd. is a major player in the Indian automobile industry and was established in 1945. It was previously known as M/s Bachraj Trading Corporation and initially imported and sold two-wheelers and three-wheelers. In 1959, the company obtained a license from the Government of India and partnered with Piaggio to manufacture Vespa scooters in India. Today, it is one of the major manufacturers and distributors of motorcycles, scooters, and auto rickshaws. The company is now selling its products in more than seventy countries, making Bajaj Auto a global company. The company’s headquarters is in Pune.

    Business Model of Bajaj Auto

    Bajaj Auto’s business model focuses on cost efficiency, scale, and strategic expansion into new markets. It manufactures competitively priced products and caters to different consumer segments. Partnerships and joint ventures with prominent automobile manufacturers, such as KTM and Triumph, help the company manufacture better automobiles and reach new markets. Bajaj Auto invested INR 57 core in bicycle and electric scooter rental startup Yulu. The company will also manufacture electric vehicles for Yulu. 

    Business Products and Services

    Bajaj Auto’s product portfolio includes some of the most popular motorcycle brands, such as Pulsar, Dominar, Avenger, Platina, etc. The company targets a wide customer base through an array of product categories ranging from entry-level commuter bikes to premium bikes. In the three-wheelers, the company leads with products like RE and Maxima, targeting passenger and goods transport. Bajaj Auto entered the electric vehicle segment with the launch of Chetak.

    Market Details of Bajaj Auto Limited

    Current Market PriceINR 11,430
    Market Capitalization (In INR Crores)3,19,192
    52 Week HighINR 11,498
    52 Week LowINR 4,766
    P/E Ratio (x)39.9
    (As of 11th September, 2024)

    Read Also: D Mart Case Study: Business Model and Marketing Strategy

    Financial Statements of Bajaj Auto Limited

    Income Statement

    ParticularsFY 2024FY 2023FY 2022
    ParticularsFY 2024FY 2023FY 2022
    Sales44,87036,45533,144
    Total Income46,30637,64234,428
    Total Expenditure36,47330,29027,348
    Net Profit7,4405,5305,586
    (The figures mentioned above are in INR crores unless mentioned otherwise)
    Bajaj Auto Income Statement

    Balance Sheet

    ParticularsFY 2024FY 2023FY 2022
    ParticularsFY 2024FY 2023FY 2022
    Total Non-Current Assets27,54525,48624,745
    Total Current Assets11,7989,65010,365
    Total Shareholders Funds28,96229,36229,859
    Total Non-Current Liabilities1,290504563
    Total Current Liabilities9,0915,2714,689
    (The figures mentioned above are in INR crores unless mentioned otherwise)
    Bajaj Auto Balance Sheet

    Cash Flow Statement

    ParticularsFY 2024FY 2023FY 2022
    ParticularsFY 2024FY 2023FY 2022
    Cash flow from operating activities6,5585,2774,197
    Cash flow from investing activities-3431,199-80
    Cash flow from financing activities-6,167-7,180-4,056
    (The figures mentioned above are in INR crores unless mentioned otherwise)
    Bajaj Auto Cash Flow Statement

    Key Performance Indicators (KPIs)

    ParticularsFY 2024FY 2023FY 2022
    ParticularsFY 2024FY 2023FY 2022
    Operating Profit Margin (%)21.9120.1618.89
    Net Profit Margin (%)16.5815.1716.85
    Return on Net Worth/Equity (%)26.6120.6320.64
    Return on Capital Employed (%)32.5024.6120.59
    Current Ratio1.301.832.21
    Debt to Equity Ratio0.060.000.00

    Read Also: Ather Energy Case Study: Business Model, Financials, and SWOT Analysis

    SWOT Analysis of Bajaj Auto

    The Bajaj Auto SWOT Analysis highlights its strengths, weaknesses, opportunities, and threats, showcasing its market position and growth potential.

    Strengths

    • Strong Brand Recognition: Bajaj Auto is a well-established brand with a presence in over 70 countries, making it amongst the most recognized Indian automotive brands globally. Its flagship products, such as Pulsar and RE auto-rickshaw, have strong brand loyalty.
    • Product Diversification: It offers a wide range of two- and three-wheelers, which appeal to all segments: commuter, sports, and commercial vehicles. It helps the company reach a wider customer base.
    • Economies of scale: It benefits from economies of scale in manufacturing, with an annual capacity to manufacture more than 6 million vehicles.

    Weaknesses

    • High Dependence on Exports: Heavy dependence upon exports exposes Bajaj Auto to geopolitical and currency exchange risks, which can impact profitability.
    • Low Penetration in Electric Vehicles: Bajaj Auto, even with the launch of the Chetak electric scooter, has relatively few electric vehicle offerings compared to competitors that are aggressively launching a variety of electric vehicles.
    • Fluctuating Demand for Products in the Market: The performance of the company largely depends on the economic cycles of its key markets. Hence, demand for vehicles, especially in price-sensitive categories, varies cyclically.

    Opportunities

    • Expansion in Electric Vehicles: Increasing demand for ‘greener’ transport opens up great avenues for Bajaj Auto to expand its range of electric vehicles and tap a sizable chunk of the EV market.
    • Rural Market Penetration: With increasing disposable incomes and improving roads in rural areas, Bajaj Auto’s quest to enhance market penetration can be supplemented by offering reasonably priced but effective mobility solutions that exactly address the needs and priorities of rural consumers.
    • Investment in Technology: Developing advanced technologies can give Bajaj Auto an edge over its competitors and attract new customers.

    Threats

    • Intense Competition: Two- and three-wheeler segments are very competitive due to the presence of prominent automobile companies such as Hero MotoCorp and TVS. New EV companies are aggressively trying to gain market share.
    • Regulatory Challenges: Increasing environmental regulations and safety standards require continuous investment in R&D and compliance, thereby straining resources and affecting profit margins.
    • Economic Slowdowns: Economic slowdowns, both within the home country and globally, can have a major impact on the revenues of Bajaj Auto.

    Read Also: Ola Electric Case Study: Business Model, Financials, and SWOT Analysis

    Conclusion

    Bajaj Auto Ltd. has established itself as a major player in the automobile sector due to its strategy, product portfolio, and global reach. Bajaj Auto manufactures a wide range of automobiles that cater to different customer segments. Moreover, due to exceptional product quality and reliability, the company has become a household name in India. The company is also expanding operations in the EV segment with the launch of the Chetak electric scooter. The company must continuously innovate and develop superior products to beat competitors and increase its market share. It is advised to consult a financial advisor before investing.

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1Yes Bank Case Study: Business Model, Financial Statement, SWOT Analysis
    2Bandhan Bank Case Study: Business Model, Financial Statement, SWOT Analysis
    3Bikaji Foods Case Study – Product Portfolio, Financial Statements, & Swot Analysis
    4Asian Paints Case Study: Business Segments, KPIs, Financials, and SWOT Analysis
    5Voltas Case Study: Business Model And Key Insights

    Frequently Asked Questions (FAQs)

    1. What partnership does Bajaj Auto have? 

      Bajaj Auto has partnership agreements with world brands such as KTM and Triumph, which will significantly enhance its product offerings.

    2. What are the strengths of Bajaj Auto?

      Bajaj Auto’s strengths include well-established brand recognition, a diversified product portfolio, strategic partnerships, and a strong export business.

    3. What are the key challenges faced by Bajaj Auto?

      Key challenges faced by Bajaj Auto include high competition, regulatory pressures, and economic slowdowns. Moreover, the company’s limited presence in the electric vehicle market is also a challenge.

    4. Does Bajaj Auto manufacture electric vehicles?

      Yes, Bajaj Auto launched the Chetak electric scooter in 2020 and plans to manufacture electric vehicles in the future.

    5. What are Bajaj Auto’s future growth plans?

      Bajaj Auto plans to grow by expanding its electric vehicle line-up, penetrating the rural markets, and investing in the latest technology to produce efficient products with better features.

  • Mahindra & Mahindra vs Tata Motors: Which is Better?

    Mahindra & Mahindra vs Tata Motors: Which is Better?

    India’s automotive sector is a major contributor to the country’s economy. The demand for vehicles continues to create opportunities for growth and innovation within the auto industry.

    In today’s blog, we will deeply analyze the two auto giants of the Indian auto sector: Tata Motors and M&M.

    Mahindra & Mahindra – An Overview

    The Mahindra and Mohammed firm was founded in 1945 by Malik Ghulam Muhammad and the Mahindra brothers (JC and KC Mahindra). The business was first involved in the trading of steel. The Mahindra brothers took over the company’s administration after India gained independence from Britain in 1947, and Mohammed went into politics in Pakistan. 

    The company started making cars in 1947 after obtaining the license to manufacture Willys Jeep. After that, in 1956, it went public on the Bombay Stock Exchange. The company’s decision to manufacture tractors in 1981 marked a significant turning point. Mahindra Reva is the company’s first electric car. M&M continues to invest in new product development and technological upgrades to deliver customer-centric products. The company’s headquarters is located in Mumbai. 

    Tata Motors – An Overview

    Tata Motors is India’s largest automobile company and is a leading global manufacturer of cars, utility vehicles, buses, trucks, and defense vehicles. Tata Motors was incorporated in 1945 and was a part of the Tata Group, which was founded by Jamshedji Tata in 1868. Tata Motors was founded as Tata Engineering and Locomotive Company (TELCO), initially focusing on manufacturing locomotives.

    The company entered the commercial world market in 1954 through a joint venture with Daimler-Benz, establishing India’s first heavy vehicle manufacturing facility. Gradually, it expanded the commercial vehicle portfolio with trucks and buses, becoming a dominant player in the market. Some of the world’s most iconic brands, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea, are a part of the group’s automotive operations.

    Tata Motors is committed to developing innovative and sustainable vehicles for the future of mobility. The company operates on a philosophy of ‘giving back to society.’ 2008 marked a bold move with the acquisition of Jaguar and Land Rover, which propelled Tata Motors onto a global stage.

    Comparative Analysis

    ParticularMahindra & Mahindra Tata Motors
    Current Share PriceINR 2,805INR 1,111
    Market Capitalisation (in INR crores)3,48,8604,09,045
    52-Week HighINR 3,014INR 1,179
    52-Week LowINR 1,450INR 606
    FII Holdings (%)41.9018.18
    DIIs Holdings (%)26.2516.07
    Book Value per ShareINR 532INR 255
    PE Ratio (x)31.612

    Read Also: Mahindra & Mahindra Case Study: Products, Financials, KPIs, and SWOT Analysis

    Financial Statements Analysis

    Income Statement (FY 2024)

    ParticularsMahindra & Mahindra Tata Motors
    Total Income1,41,2314,43,877
    Total Expenditure1,18,8874,06,636
    Net Profit11,14831,106
    (The figures mentioned are in INR crores unless stated otherwise)
    Mahindra & Mahindra vs Tata Motors Income Statement

    Balance Sheet (FY 2024)

    ParticularsMahindra & Mahindra Tata Motors
    Non-current Liabilities81,66790,854
    Current Liabilities75,5461,73,617
    Non-current Assets1,36,2632,01,128
    Current Assets98,2401,67,718
    Total Shareholders Funds66,19184,918
    (The figures mentioned are in INR crores unless stated otherwise)
    Mahindra & Mahindra vs Tata Motors Balance Sheet

    Cash Flow Statement (FY 2024)

    ParticularsMahindra & Mahindra Tata Motors
    Cash Flow from Operating Activity-5,62967,915
    Cash Flow from Investing Activity-5,597-22,828
    Cash Flow from Financing Activity 12,281-37,005
    (The figures mentioned are in INR crores unless stated otherwise)
    Mahindra & Mahindra vs Tata Motors Cash Flow

    Key Performance Indicators

    ParticularsMahindra & Mahindra Tata Motors
    Net Profit Margin (%)8.067.10
    ROE (%)17.0236.97
    ROCE (%)13.8919.39
    Current Ratio1.30.97
    Debt-to-Equity1.561.16
    (All the above data is of the year ended March 2024)

    Conclusion

    Mahindra & Mahindra and Tata Motors have played important roles in the development of India’’s automotive sector. Both companies have their unique strengths and weaknesses, and their strategies have evolved to adapt to changing market dynamics. As the Indian automotive market grows, it will be interesting to see how these two giants adapt to and innovate in the prevailing competition in the Indian automotive industry.

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1Bharat Petroleum vs Hindustan Petroleum
    2Mahindra & Mahindra vs Tata Motors
    3Tata Motors vs Maruti Suzuki
    4Apollo Hospitals vs Fortis Healthcare:
    5Tata Power Vs Adani Power

    Frequently Asked Questions (FAQs)

    1. Which company, Mahindra & Mahindra and Tata Motors, has a larger market share in India?

      Both M&M and Tata Motors have a good market share in India. However, M&M Motors is generally considered a dominant player in the SUV segment, while Tata Motors has a strong presence in both passenger cars and commercial vehicles.

    2. What is the most popular SUV of Mahindra & Mahindra and Tata Motors?

      The most popular SUVs of Mahindra & Mahindra are Scorpio and Nexon for Tata Motors.

    3. Which company, Mahindra & Mahindra and Tata Motors, has been more involved in the electric vehicles segment?

      Tata Motors has been more active in the electric vehicles segment, launching several electric models in recent years.

    4. Which company, Mahindra & Mahindra and Tata Motors, has a stronger brand image for off-road capabilities?

      M&M is known for its off-road capable SUVs compared to Tata Motors.

    5. Who are Mahindra & Mahindra and Tata Motors’ primary competitors in India?

      Maruti Suzuki, Hyundai, and Kia are the major competitors of Mahindra & Mahindra and Tata Motors in the Indian automotive industry.

  • ITC vs HUL: Comparison of India’s FMCG Giants

    ITC vs HUL: Comparison of India’s FMCG Giants

    Are you aware that leading FMCG Companies in India produce the products you use daily, such as body wash, toothpaste, and fruit juice? As an FMCG company, HUL and ITC are the names with which almost every household is familiar.

    In this blog, we will compare Hindustan Unilever Ltd. (HUL) and India Tobacco Company Ltd. (ITC).

    ITC Ltd. Overview

    ITC Ltd. was established in 1910 and was then known as the Imperial Tobacco Company of India Limited. The business changed its name thrice: first as Indian Tobacco Company in 1970, then as I.T.C. Limited in 1974, and was finally renamed as ITC Limited in 2001. The company’s headquarters are in Kolkata.

    Over the last 10 years, the firm has developed a wide range of over twenty-five premium Indian brands. Their “Nation First: Sab Saath Badhein” ideology aims to create a prosperous and globally competitive enterprise. ITC Limited has been using renewable sources of energy to meet nearly 50% of its energy needs. The company began operating in the hospitality industry in 1975, opening its first hotel in Chennai. In 2001, the company entered the branded packaged foods industry, selling items such as biscuits, noodles, and confectionery. Today, the company has been active in six different sectors, including FMCG, hotels, Agri Business, paperboards & specialty papers, information technology, and packaging.

    HUL Overview

    The history of Hindustan Unilever dates back to 1888 when the individuals at the Kolkata harbor noticed crates of Sunlight soap bars. Sunlight soap was the first product that the Lever brothers, founded by William Hesketh Lever and James Darcy Lever, introduced in the Indian market. However, the soap had the label “Made in England by Lever Brothers” on it. In 1895, Lifebuoy and other famous brands like Pears, Lux, and Vim were launched soon after.

    Hindustan Vanaspati Manufacturing Company, Unilever’s Indian subsidiary, was established in 1931. Soon, the  Lever Brothers India Limited and United Traders Limited were established in 1933 and 1935, respectively. These businesses came together to form Hindustan Lever Ltd. in 1956. The company renamed itself Hindustan Unilever Limited later in 2007. The company’s headquarters is in Mumbai. In June 2023, Rohit Jawa replaced Sanjiv Mehta as CEO of Hindustan Unilever Limited.

    In 2020, the firm bought GlaxoSmithKline Consumer Healthcare Limited, which helped them increase their market share and diversify their product line to include brands like Boost and Horlicks. HUL’s diverse product line includes personal care, beverages, packaged foods, water purifiers, and others. 

    Company’s Comparative Study

    ParticularITC Ltd.HUL
    Current Share PriceINR 510INR 2,788
    Market Capitalization (In INR Crores)6,37,4056,55,113
    52-Week High PriceINR 513INR 2,835
    52-Week Low PriceINR 399INR 2,170
    FIIs Holdings (%)40.4711.87
    DIIs Holdings (%)44.0614.17
    Book Value Per ShareINR 59.7INR 218
    PE Ratio (x)31.263.4
    (Data as of 2 September 2024) 

    Read Also: List Of Best FMCG Stocks In India 2025

    Financial Statements Comparison

    Income Statement Comparison (FY 2024)

    ParticularITC Ltd.HUL
    Sales70,88161,896
    Total Income73,60862,707
    Total Expenditure46,45048,443
    Net Profit20,72310,286
    (The figures mentioned are in INR crores unless stated otherwise) 
    ITC vs HUL Income Statement

    Balance Sheet Comparison (FY 2024)

    ParticularITC Ltd.HUL
    Non-Current Liabilities3,24514,200
    Current Liabilities13,69012,876
    Non-Current Assets50,76057,175
    Current Assets41,06521,324
    Shareholder Funds74,50751,218
    (The figures mentioned are in INR crores unless stated otherwise)
    ITC vs HUL Balance Sheet

    Cash Flow Statement Comparison (FY 2024)

    ParticularITC Ltd.HUL
    Cash Flow From Operating Activities17,17815,469
    Cash Flow From Investing Activities1,562-5,324
    Cash Flow From Financing Activities-18,550-10,034
    (The figures mentioned are in INR crores unless stated otherwise)
    ITC vs HUL Cash Flow

    Key Performance Indicators

    ParticularITC Ltd.HUL
    Net Profit Margin (%)29.2316.61
    ROE (%)27.4520.06
    ROCE (%)34.7621.72
    Current Ratio31.66
    Debt to Equity Ratio00
    (All the above data is of the year ended March 2024)

    Conclusion

    To sum up, ITC and HUL are well-known FMCG companies with a diverse range of products. To expand their market share, both companies have bought several local competitors. The demand and earnings for fast-moving consumer goods (FMCG) remain stable and will rise in tandem with population growth and an increase in disposable income. Before making any investing decisions, it is advised to consult a financial advisor.  

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1Apollo Hospitals vs Fortis Healthcare:
    2Mahindra & Mahindra vs Tata Motors
    3Tata Steel vs. JSW Steel
    4IndiGo vs SpiceJet
    5Bharat Petroleum vs Hindustan Petroleum

    Frequently Asked Questions (FAQs)

    1. Among HUL and ITC Ltd., which company has the larger market capitalization?

      HUL has a higher market capitalization than ITC Ltd.

    2. What is the full form of HUL and ITC Limited?

      The full form of HUL is Hindustan Unilever Limited, and ITC Limited refers to the Indian Tobacco Company.

    3. Which company is more profitable: HUL or ITC Limited?

      HUL has posted a net profit of 10,286 crores, whereas ITC Limited has reported a profit of 20,723 crores for the FY 2024, indicating that ITC Limited is more profitable.

    4. Does ITC Ltd. have hotels?

      ITC Ltd. operates more than 130 hotels at more than 80 destinations.

    5. Where is the headquarters of Hindustan Unilever located?

      The headquarters of Hindustan Unilever is located in Mumbai, India.

  • Bank of Baroda vs SBI Bank: Which is Better?

    Bank of Baroda vs SBI Bank: Which is Better?

    In today’s world, it can be a challenging task to select the best bank to keep your excess funds and invest in. Numerous public and private-sector banks offer individuals a wide variety of products and services to choose from. 

    In today’s blog article, we will compare the State Bank of India and the Bank of Baroda. 

    Bank of Baroda Overview

    Maharaja Sayajirao Gaekwad, the king of Baroda, founded the bank in 1908 to support the local economy. The bank and other commercial banks were nationalized by the Indian government later in 1969. Between 1970 and 1990, the bank witnessed a period of expansion. The bank established branches in the United States and a few other locations, including London, Dubai, Hong Kong, and New York. Bank of Baroda is India’s third-largest public sector bank after merging with Dena Bank and Vijaya Bank in 2019. With more than 11,000 ATMs and 8200 branches nationwide, the company is active in more than 17 countries. In addition to providing essential banking services, the bank offers loans to nearly every sector of the economy. The bank’s main office is in Vadodara, Gujarat. 

    SBI Overview

    SBI is India’s most significant public sector bank and a giant of the country’s banking industry, with an extensive history of over 200 years. The headquarters of SBI is in Mumbai.

    The Bank of Calcutta, the first joint stock company in British India, was established in 1806, marking the beginning of SBI. In British India, three distinct presidential banks—the Bank of Bengal, the Bank of Bombay, and the Bank of Madras—emerged. In 1921, the three presidential banks united to establish the Imperial Bank of India.

    The Imperial Bank of India was nationalized by the Indian government in 1955 and was renamed the State Bank of India. Later, SBI bought several commercial and state-affiliated banks. 

    In 2017, the State Bank of India merged with its five affiliated banks—State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore. This merger increased the banks’ efficiency and demonstrated the significant contribution SBI has made in the expansion of banking services into rural areas. SBI currently has a robust distribution network with 65,627 ATMs and 22,405 branches.

    Read Also: Best Trading Apps in India

    Comparative Company Study

    ParticularBank of BarodaState Bank of India
    Current Share PriceINR 250INR 816
    Market Capitalization (In INR Crores)1,29,3627,27,936
    52-Week High PriceINR 300INR 912
    52-Week Low PriceINR 186INR 543
    FIIs Holdings (%)11.4511.15
    DIIs Holdings (%)16.0323.64
    Book Value Per ShareINR 231INR 465
    PE Ratio (x)6.839.94
    (Data as of 30 August 2024) 

    Read Also: Bank of Baroda vs Canara Bank

    Financial Statements Comparison

    Income Statement Comparison (FY 2024)

    ParticularBank of BarodaState Bank of India
    Interest Income1,18,3794,39,188
    Total Income1,41,7785,94,574
    Total Expenditure1,04,1744,95,543
    Net Profit18,47168,224
    (The figures mentioned are in INR crores unless stated otherwise) 
    Bank of Baroda vs SBI Income Statement

    Balance Sheet Comparison (FY 2024)

    ParticularBank of BarodaState Bank of India
    Deposits13,51,80149,66,537
    Advances10,88,98337,84,272
    Investments4,07,13621,10,548
    Total Shareholder Funds1,18,6763,86,491
    (The figures mentioned are in INR crores unless stated otherwise) 
    Bank of Baroda vs SBI Balance Sheet

    Cash Flow Statement Comparison (FY 2024)

    ParticularBank of BarodaState Bank of India
    Cash Flow From Operating Activities-6,27321,632
    Cash Flow From Investing Activities-1,285-4,251
    Cash Flow From Financing Activities5,475-9,896
    (The figures mentioned are in INR crores unless stated otherwise)
    Bank of Baroda vs SBI Cash Flow Statement

    Key Performance Indicators

    ParticularBank of BarodaState Bank of India
    Net Interest Margin (%)2.922.66
    Net Profit Margin (%)15.5515.51
    ROE (%)15.6717.31
    ROCE (%)2.381.63
    CASA (%)38.5839.92
    (All the above data is of the year ended March 2024)

    Read Also: PNB vs Bank of Baroda

    Conclusion

    In conclusion, major players in the banking industry, such as the State Bank of India and Bank of Baroda, provide several services to customers. From the data above, we can see that SBI has a higher net profit than Bank of Baroda, but Bank of Baroda has a slightly higher net interest margin. Before making any financial decisions, you should take your risk tolerance into account, even if SBI has a greater number of branches around the nation. 

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1HDFC Bank vs Axis Bank
    2SBI vs ICICI Bank
    3PNB vs SBI
    4HDFC vs SBI
    5Axis Bank vs ICICI Bank

    Frequently Asked Questions (FAQs)

    1. Which bank, State Bank of India or Bank of Baroda, has a larger market capitalization?

      Compared to the Bank of Baroda, the State Bank of India has a larger market capitalization.

    2. Where is the State Bank of India’s headquarters located?

      The State Bank of India’s headquarters is situated in Mumbai.

    3. Which bank is more profitable: Bank of Baroda or SBI?

      SBI is more profitable than Bank of Baroda, as SBI reported a net profit of 68,224 crores as compared to a net profit of 18,471 crores for Bank of Baroda for FY 2024. 

    4. Which bank has the most branches: Bank of Baroda or SBI?

      SBI has 22,405 branches, which is more than Bank of Baroda’s 8,200 branches. 

    5. Who is the chairman of the State Bank of India?

      As of 30 August 2024, Mr. Challa Sreenivasulu Setty has been serving as the chairman of the State Bank of India.

  • MRF vs Apollo Tyres: Which is Better?

    MRF vs Apollo Tyres: Which is Better?

    The Indian auto industry is a powerhouse driven by a thriving tyre sector that keeps its wheels turning. The Indian tyre industry showcases a diverse range of companies, each with its unique strengths and specialities. 

    In today’s blog, we will compare MRF and Apollo Tyres.

    MRF Overview

    MRF is an Indian multinational tyre manufacturing company with its headquarters in Chennai, Tamil Nadu. Founded in 1946 by K.M. Mammen Mappillai, it started as a toy balloon manufacturing unit and has grown into a tyre giant. The company manufactures a wide range of products, including tyres for two-wheelers, cars, trucks, and even airplanes. It also manufactures tyres, treads, tubes, conveyor belts, paints, and toys.

    MRF is the largest tyre manufacturer in India and ranks among the top 20 globally. They are well-recognized for their high-quality tyres and extensive reach across the country.

    It was incorporated as a private company, Madras Rubber Factory Limited, and began tyre production in partnership with an American company, Mansfield Tire & Rubber Factory.

    MRF has a wide distribution network in India, serving retail stores, dealerships, and car manufacturers. The company sells tyres directly to manufacturers (B2B) for factory use and also has a strong presence in the replacement tyre market for individual consumers (B2C).

    They achieve this reach through an extensive network of franchised stores and dealers. The company focuses on offering excellent customer service through initiatives like roadside assistance programs and informative resources on its website.

    Apollo Tyres Overview

    Apollo Tyres Limited is an Indian multinational tyre manufacturing company headquartered in Gurgaon, Haryana. The company was established in 1972 by Onkar Kanwar, and since then, it has grown from a domestic Indian company to a global tyre manufacturer with a presence in over 100 countries. Apollo caters to a wide range of segments, including passenger vehicles, two-wheelers, trucks, buses, and light trucks.

    In the 1990s, Apollo Tyres expanded globally with an ambitious strategy. The company acquired manufacturing facilities in the Netherlands in 2009 to better serve the European market.

    The company employs a multifaceted business model, successfully integrating manufacturing, branding, and a customer-centric approach. This strategic blend enables the company to effectively compete in the highly competitive global tyre market.

    Company’s Comparative Study

    ParticularMRFApollo Tyres
    Current Share PriceINR 1,38,616INR 504
    Market Capitalization (in INR Crores)58,77332,025
    52 Week High PriceINR 1,51,445INR 568
    52-Week Low PriceINR 1,06,391INR 365
    FIIs Holdings (%)19.0814.46
    DIIs Holdings (%)10.7426.69
    Book Value per ShareINR 39,384INR 219
    PE Ratio (x)28.518.8
    (Data as of 27 August 2024)

    Read Also: Apollo Hospitals Case Study : Business Model, Financial Statements, And SWOT Analysis

    Financial Statements Comparison

    Income Statement Comparison (FY 2024)

    ParticularMRFApollo Tyres
    Sales25,16925,377
    Total Income25,48625,531
    Total Expenditure22,34522,485
    Net Profit2,0811,721
    (The figures mentioned above are in INR crores unless stated otherwise)
    Income Statement of MRF vs Apollo Tyres

    Balance Sheet Comparison (FY 2024)

    ParticularMRFApollo Tyres
    Non-current Liabilities2,4366,011
    Current Liabilities7,7107,043
    Non-current Assets16,30017,930
    Current Assets10,5509,028
    Total Shareholder Funds16,70313,902
    (The figures mentioned above are in INR crores unless stated otherwise)
    Balance Sheet of MRF vs Apollo Tyres

    Cash Flow Statement Comparison (FY 2024)

    ParticularMRFApollo Tyres
    Cash Flow from Operating Activities3,3003,439
    Cash Flow from Investing Activities-2,379-710
    Cash Flow from Financing Activities-868-2,659
    (The figures mentioned above are in INR crores unless stated otherwise)
    Cash Flow Statement of MRF vs Apollo Tyres

    Key Performance Indicators

    ParticularMRFApollo Tyres
    Net Profit Margin (%)8.266.78
    ROE (%)12.4612.38
    ROCE (%)16.4015.68
    Current Ratio1.371.28
    Debt to Equity Ratio0.120.28
    (all the above data is of the year ended March 2024)

    Conclusion

    The comparison between MRF and Apollo Tyres presented above leads us to conclude that while both MRF and Apollo Tyres have comparable sales, MRF posts higher net profit margins. Moreover, MRF has a slightly higher ROE and ROCE metric as compared to the metrics of Apollo Tyres. However, it is advised to speak with an investment expert before making investment decisions.

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1Apollo Hospitals vs Fortis Healthcare:
    2Flair Vs DOMS
    3Mahindra & Mahindra vs Tata Motors
    4Tata Power Vs Adani Power
    5Tata Steel vs. JSW Steel

    Frequently Asked Questions (FAQs)

    1. Who is the founder of MRF?

      K.M. Mammen Mappillai established MRF in 1946.

    2. What is the full form of MRF?

      MRF stands for Madras Rubber Factory.

    3. Who is the managing director of Apollo Tyres?

      Neeraj Kanwar is the Managing Director of Apollo Tyres.

    4. Which company is more profitable: MRF or Apollo Tyres?

      MRF has a net profit of INR 2,081 crores compared to INR 1,721 crores for Apollo Tyres for FY 2024.

    5. Which company has a larger market capitalization: MRF or Apollo Tyres?

      MRF has a larger market capitalization than Apollo Tyres as of 27 August 2024.

  • PNB Vs Bank of Baroda: Which is Better?

    PNB Vs Bank of Baroda: Which is Better?

    Choosing between the shares of PNB and Bank of Baroda (BoB) has been a tough call for many investors. While PNB boasts a wider network and customer base, BoB is a potent player across borders due to its innovative use of modern technology. 

    In this blog, we will discuss their financial health, growth potential, and risk factors to aid investors in choosing which stock better fits their goals amid evolving market dynamics and economic conditions.

    Punjab National Bank Overview

    Punjab National Bank is one of the oldest and largest public sector banks in India, set up in 1894. The bank, established in Lahore by the great national leader, Lala Lajpat Rai, has spread over a vast area with a substantial all-India network of over 10,000 branches and 13,000 plus ATMs and serves over 180 million customers. Its legacy includes surviving the partition of India in 1947 and several mergers, the most notable being those with Oriental Bank of Commerce and United Bank of India in the year 2020, which put it on its way to becoming the second-largest public sector bank in the country.

    At PNB, the business model focuses on universal banking, which comprises a wide range of products and services encompassing retail, corporate, international, and treasury segments. Other retail banking services include savings and current accounts, fixed deposits, home and auto loans, and credit cards. Term loans, cash management, trade finance, and other services are also available to corporate customers.

    Punjab National Bank has substantial assets and is focusing on aggressively enhancing its digital channels through mobile banking, internet banking, and payment wallets. The bank has an international footprint through branches in countries like the UK, Hong Kong, and Dubai, mainly for trade finance and remittances.

    Bank Of Baroda Overview

    Bank of Baroda, set up on 20th July 1908 by the Maharaja Sayajirao Gaekwad III in Vadodara, Gujarat, is among the biggest PSBs in India. BoB has over 115 years of legacy and has grown to serve more than 153 million customers globally through a huge network of more than 8,200 domestic branches and more than 11,600 ATMs, with 96 overseas offices in more than 17 countries. It finally merged with Vijaya Bank and Dena Bank in 2019 to further consolidate its market position and emerge as the third-largest bank in India in terms of assets.

    BoB is working on the universal banking model with a complete range of products and services across retail, corporate, international, treasury, and rural banking. It offers retail customers various services, including savings and current accounts, fixed deposits, home and personal loans, credit cards, and insurance. For corporate clients, BoB offers working capital loans, project finance, cash management, and trade finance.

    With its substantial assets, BoB is increasingly working to achieve digital transformation and improve mobile banking, internet banking, and other miscellaneous digital payment solutions. BoB is a big player in the Indian banking industry, having a huge footprint across the globe with diversified service offerings and a strong focus on expanding digital and international banking services.

    Company’s Comparative Study

    ParticularPunjab National BankBank of Baroda
    Current Share PriceINR 116INR 251
    Market Capitalization (in INR Crores)1,27,9481,30,034
    52 Week High PriceINR 143INR 300
    52-Week Low PriceINR 62.5INR 186
    FIIs Holdings (%)5.5111.45
    DIIs Holdings (%)10.7616.03
    Book Value per ShareINR 100INR 231
    PE Ratio (x)10.96.84
    (Data as of 30th August 2024)

    Read Also: Bank of Baroda vs SBI

    Financial Statements Comparison

    Income Statement Comparison (FY 2024)

    ParticularPunjab National BankBank of Baroda
    Total Interest Earned1,09,0641,18,379
    Total Income1,22,3941,41,778
    Total Expenditure97,3431,04,174
    Net Profit8,32918,471
    (The figures mentioned above are in INR crores unless stated otherwise)
    PNB Vs Bank of Baroda Income Statement

    Balance Sheet Comparison (FY 2024)

    ParticularPunjab National BankBank of Baroda
    Borrowings72,5851,01,959
    Advances9,41,76210,88,983
    Total Assets15,98,63516,54,779
    Total Shareholder Funds99,8781,18,676
    (The figures mentioned above are in INR crores unless stated otherwise)
    PNB Vs Bank of Baroda Balance Sheet

    Cash Flow Statement Comparison (FY 2024)

    ParticularPunjab National BankBank of Baroda
    Cash Flow from Operating Activities-27,939-6,273
    Cash Flow from Investing Activities-1,506-1,285
    Cash Flow from Financing Activities3,5175,475
    (The figures mentioned above are in INR crores unless stated otherwise)
    PNB Vs Bank of Baroda Cash Flow

    Key Performance Indicators

    ParticularPunjab National BankBank of Baroda
    Net Interest Margin (%)2.532.92
    ROE (%)8.9215.67
    Capital Adequacy Ratio (%)16.0016.31
    Dividend Yield1.293.02
    (all the above data is of the year ended March 2024)

    Read Also: PNB vs SBI

    Conclusion

    From the comparison between Punjab National Bank and Bank of Baroda, it is found that both banks have an extensive network and strong market presence. However, the Bank of Baroda has a slightly higher net interest margin and significantly higher dividend yield than Punjab National Bank. However, both banks are facing asset quality problems and regulatory issues. Investors are always advised to consult a financial advisor prior to making any investment in the stock market.

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1HDFC Bank vs Axis Bank
    2SBI vs ICICI Bank
    3Bank of Baroda vs Canara Bank
    4HDFC vs SBI
    5Axis Bank vs ICICI Bank

    Frequently Asked Questions (FAQs)

    1. How does PNB differ from BoB from a digital banking perspective?

      Both banks are investing heavily in digital banking; however, BoB is well underway in its digital transformation journey with comprehensive mobile and internet banking solutions as compared to PNB.

    2. How do PNB and BoB differ in terms of international operations?

      BoB has a much larger international presence than PNB, with 96 overseas offices in 17 countries, while the latter has only two international branches.

    3. Bank of Baroda or PNB, which bank is more digitally active?

      Bank of Baroda is more digitally active and aggressively expanding its presence in digital banking channels and solutions than PNB.

    4. How about their branch networks?

      The domestic branch network of PNB is over 10,000 branches, whereas BoB operates more than 8,200 branches across India.

  • Apollo Hospitals vs Fortis Healthcare: Which is Better?

    Apollo Hospitals vs Fortis Healthcare: Which is Better?

    India’s healthcare sector is experiencing rapid growth, fueled by factors like rising disposable incomes, increasing healthcare costs, and a growing elderly population. Healthcare is crucial to human society for preventing diseases, diagnosing illnesses, treating conditions, and managing injuries. 

    In this blog, we will compare Apollo Hospitals and Fortis Healthcare.

    Apollo Hospitals Enterprises Overview

    Apollo Hospitals is India’s largest private healthcare provider and a global leader in integrated healthcare services. Dr. Prathap C. Reddy founded it in 1983, and it has led India’s healthcare revolution. The group provides a comprehensive range of services through a network of 73 hospitals across India and abroad, Apollo Pharmacy chains, primary care and diagnostic clinics, remote healthcare consultations, etc.

    They introduced several groundbreaking medical procedures in India, such as coronary artery bypass surgery, organ transplantation, and telemedicine.

    Fortis Healthcare Overview

    Fortis Healthcare is one of the top healthcare services providers in India. It has many hospitals, clinics, and diagnostic centers in the country and abroad. The company is well-known for its wide range of medical services, advanced technology, and commitment to patient care. It was established in 1996 with the opening of the first Fortis Hospital in Mohali, Punjab. The acquisition of the healthcare division of the Escorts Group was a pivotal moment in Fortis’s growth. This move expanded its presence and strengthened its position in the healthcare market in India. The healthcare brand also has a presence in countries like UAE, Nepal, and Sri Lanka. Fortis offers various medical services like cardiology, oncology, orthopedics, neurosciences etc.

    Company’s Comparative Study

    ParticularApollo Hospitals EnterprisesFortis Healthcare
    Current Share PriceINR 6,771INR 546
    Market Capitalization (in INR Crores)97,40741,240
    52 Week High Price INR 6,927INR 563
    52-Week Low PriceINR 4,726INR 314
    FIIs Holdings (%)43.9223.31
    DIIs Holdings (%)21.3632.31
    Book Value per ShareINR 482INR 102
    PE Ratio (x)9464.2
    (Data as of 28 August 2024)

    Read Also: Apollo Hospitals Case Study : Business Model, Financial Statements, And SWOT Analysis

    Financial Statements Comparison

    Income Statement Comparison (FY 2024)

    ParticularApollo Hospitals EnterprisesFortis Healthcare
    Sales19,0596,892
    Total Income19,1656,931
    Total Expenditure17,3535,951
    Net Profit917635
    (The figures mentioned above are in INR crores unless stated otherwise)
    Apollo vs Fortis Balance Sheet Comparison

    Balance Sheet Comparison (FY 2024)

    ParticularApollo Hospitals EnterprisesFortis Healthcare
    Non-current Liabilities4,7681,562
    Current Liabilities4,6653,170
    Non-current Assets11,47311,868
    Current Assets5,2801,421
    Total Shareholder Funds6,9357,663
    (The figures mentioned above are in INR crores unless stated otherwise)
    Apollo vs Fortis Income Statement Comparison

    Cash Flow Statement Comparison (FY 2024)

    ParticularApollo Hospitals EnterprisesFortis Healthcare
    Cash Flow from Operating Activities1,9201,100
    Cash Flow from Investing Activities-1,537-886
    Cash Flow from Financing Activities-311-86
    (The figures mentioned above are in INR crores unless stated otherwise)
    Apollo vs Fortis Cash Flow Statement Comparison

    Key Performance Indicators

    ParticularApollo Hospitals EnterprisesFortis Healthcare
    Net Profit Margin (%)4.819.22
    ROE (%)12.957.81
    ROCE (%)14.979.52
    Current Ratio1.130.45
    Debt to Equity Ratio0.460.11
    (all the above data is of the year ended March 2024)

    Conclusion

    The comparison between Apollo Hospitals and Fortis Healthcare presented above leads us to conclude that while Apollo Hospitals has higher net profit, Fortis Healthcare posts higher net profit margins. Moreover, Apollo Hospitals has a higher ROE and ROCE metric than Fortis Healthcare. However, it is advised to speak with an investment expert before making investment decisions.

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1XIRR Vs CAGR
    2Swiggy Vs Zomato
    3Tata Power Vs Adani Power
    4Tata Motors vs Maruti Suzuki
    5TCS vs Wipro

    Frequently Asked Questions (FAQs)

    1. Who is the founder of Apollo Hospitals?

      Apollo Hospitals Enterprise Ltd. was established by Prathap C. Reddy in 1983.

    2. Where was the first Fortis Hospital established?

      The first Fortis Hospital was established in Mohali, Punjab.

    3. Who is the chairman of Apollo Hospitals?

      Prathap C. Reddy is the chairman of Apollo Hospitals.

    4. Which company is more profitable: Apollo Hospitals or Fortis Healthcare?

      Apollo Hospitals has a higher net profit of INR 917 crores compared to INR 635 crores for Fortis Healthcare for FY 2024.

    5. Which company has a larger market capitalization: Apollo Hospitals or Fortis Healthcare? 

      Apollo Hospitals has a larger market capitalization than Fortis Healthcare as of 28 August 2024.

  • Top 10 Most Expensive Stocks in India

    Top 10 Most Expensive Stocks in India

    Every new investor entering the market has two questions, one related to the cheapest stocks to invest in and the other one about which companies have the most expensive stock in India. Some companies in India have such a high market price that may surprise you. Interested in knowing about these companies? Read on.

    In this blog, we will discuss the top 10 most expensive stocks in India. 

    List of Top 10 Most Expensive Stocks in India

    The most expensive stocks in India are:

    S.No.Expensive Stocks
    1Elcid Investments ltd
    2MRF Ltd.
    3Honeywell Automation India Ltd.
    4Page Industries Ltd.
    53M India Ltd.
    6Bosch Ltd.
    7Abbott India Ltd.
    8Shree Cement Ltd.
    9Procter & Gamble Hygiene and Healthcare Ltd.
    10Lakshmi Machine Works Ltd.

    The top 10 most expensive stocks have been listed in descending order based on their share prices in the table below:

    CompanyCurrent Market Price (INR)Market Capitalization (In Crores)52-Week High52-Week Low
    Elcid Investments  ltd 2,68,3375,3673,32,4003.53
    MRF Ltd.1,22,82052,1311,51,4451,10,618 
    Honeywell Automation India Ltd.4200137,12959,99434,978
    Page Industries Ltd.44,60749,73748,41333,070
    3M India Ltd.31,90235,95341,00028,424
    Bosch Ltd.34,3021,01,6939,08920,551
    Abbott India Ltd.27,22457,85230,52121,983
    Shree Cement Ltd.24,10686,97830,73823,500
    Procter & Gamble Hygiene and Healthcare Ltd.15,80051,28918,38815,306
    Lakshmi Machine Works Ltd.15,38116,43115,71915,251
    (As of 3rd September 2024)

    1-Year Returns of Top 10 Most Expensive Stocks in India

    The top 10 most expensive stocks in India have been listed in descending order based on their 1-year returns in the table below:

    Company1-Year Returns
    Elcid investments ltd 76,01,509.07%
    MRF Ltd.10.26%
    Honeywell Automation India Ltd.13.59%
    Page Industries Ltd.18.37%
    3M India Ltd.3.48%
    Bosch Ltd.52.23%
    Abbott India Ltd.19.28%
    Shree Cement Ltd.-7.14%
    Procter & Gamble Hygiene and Healthcare Ltd.-13.41%
    Lakshmi Machine Works Ltd.-10.07%
    (As of 3rd September 2024) 

    Read Also: List of Top 10 Blue Chip Stocks in India with Price

    Overview of the Top 10 Most Expensive Stocks in India

    The overview of India’s top 10 most expensive stocks is mentioned below-

    1. Elcid Investments Ltd

     Elcid Investments is a holding company registered with the Reserve Bank of India (RBI) under the category of Investment Company. The company is promoted by the Vakil Family. Arvind Vakil, head of the family, was one of the 4 partners who started Asian Paints in 1942.It also has 2 wholly owned subsidiaries viz. Murahar Investments & Trading Co Ltd and Suptaswar Investments & Trading Co Ltd which holds 0.60% and 0.68% in Asian Paints respectively.It holds ~4.2% stake in the company which has a total value of ~9,996cr crores as on December 2022.

    2. MRF Ltd.

    K.M. Mammen Mappillai established the Madras Rubber Factory (MRF) in 1946. Before manufacturing tyres, the company began its journey as a toy balloon manufacturing unit. The company ventured into tread rubber manufacturing in 1952 and became a market leader in just four years. In 1961, the business partnered with USA’s Mansfield Tire & Rubber Company and opened its first manufacturing facility in Chennai. The company went public on the Indian Stock Exchange in 1961. The company manufactures a wide range of products, including tyres for two-wheelers, cars, trucks, and even airplanes. The company’s headquarters is in Chennai. 

    3. Honeywell Automation India Ltd.

    Honeywell Automation India Ltd. was established in 1984 as a joint venture between the Tata Group and Honeywell International. The business was initially known as Tata Process Control Pvt. Ltd. In 1988, the company was listed on the Indian stock exchange and was renamed Tata Honeywell Ltd. In 2004, the company was again renamed Honeywell Automation India Ltd. when Honeywell International Asia Pacific Inc. purchased the stake of the Tata Group. The company operates in many sectors, such as aerospace, energy, healthcare, IT, life sciences, utilities, etc., and provides automation and control systems for commercial, residential, and industrial use. The company’s headquarters is in Pune.

    4. Page Industries Ltd.

    Sunder Genomal and his family established the business in 1994. The business signed an exclusive agreement with Jockey International Incorporation for the manufacture, distribution, and sale of Jockey goods in India, Sri Lanka, Bangladesh, Nepal, UAE, Oman, and Qatar. In 2005, the company went public on the Indian Stock Exchange. The business has increased its product range by obtaining an exclusive license from Speedo International Ltd. to manufacture, market, and distribute its products in India. The company’s headquarters is in Bangalore. 

    5. 3M India Ltd.

    In 1987, 3M India Limited was established as a subsidiary of 3M Company, an American multinational corporation. The company provides specialist products for automotive, electrical, healthcare, and other sectors. The company was publicly listed in 1991. 3M India owns popular brands such as Scotch Brite, Nexcare, and Littman. With several production facilities dispersed throughout the nation, it efficiently meets the needs of both B2B and B2C markets. The organization’s headquarters is in Bangalore. 

    6. Bosch Ltd.

    The company was established in 1886 by Robert Bosch in Germany. By 1897, the company became a market leader in ignition systems and became a major supplier to the automotive industry. The company set up a sales office in India in 1922 and operated only through imports for the next 30 years. Motor Industries Company Limited was founded in 1951, and Bosch instantly bought 49% of its stock. Both fuel injectors and spark plugs were produced there. The business opened its first manufacturing facility in Bengaluru, and over time, it established R&D facilities in Pune, Hyderabad, and Coimbatore, as well as another manufacturing facility in Nashik. In 1993, the company was listed on the Indian Stock Exchange. In 2008, MICO was renamed as Bosch Limited. In 2014, the company launched an eye-care solution in India and has since developed equipment for affordable eye care. The company’s headquarters is in Bangalore. 

    7. Abbott India Ltd.

    Abbott India was established in 1910 and started operations as a marketing affiliate. It was founded as a subsidiary of Abbott Laboratories. The business provides more than 400 branded generic medicines in India, and its products are available at approximately 5,00,000 pharmacies nationwide. The company also provides diagnostic solutions, medical devices, and other nutritional products. The business purchased Piramal Healthcare Solutions in 2010 to strengthen its market position in the Indian pharmaceutical sector. The company’s headquarters is in Mumbai. 

    8. Shree Cement Ltd.

    Shree Cements Ltd. was established by Benu Gopal Bangur in 1979. The company’s first manufacturing facility was set up in Rajasthan. To meet the needs of the Indian infrastructure sector, the company increased its cement manufacturing capacity and is currently India’s third-largest cement producer. In 2012, the company established a thermal power plant with a capacity of 300 MegaWatt. The company acquired Union Cement in 2018 to further expand its manufacturing capacity. Its main office is in Kolkata. 

    9. Procter & Gamble Hygiene and Healthcare Ltd.

    The business was established in 1964 to manufacture and market Vicks range of products in India. The company was initially known as Richardson Hindustan Limited. The company began diversifying its product line in the 1980s and introduced Whisper and other feminine hygiene products. Ariel detergent was also launched in 1991 and is a well-known brand today. The organization’s headquarters is in Mumbai.

    10. Lakshmi Machine Works Ltd.

    Dr. G.K. Devarajulu established the business in 1962, and its primary business was manufacturing textile machinery. Subsequently, the business installed a state-of-the-art facility to generate superior castings for both domestic and international clients. In 2010, the company established an Advanced Technology Centre (ATC) to manufacture components for the aerospace and defense sector. The company’s headquarters is in Coimbatore.  

    Read Also: List Of Best Textile Stocks in India 2025

    Key Performance Indicators

    CompanyNet Profit Margin (%)ROE (%)ROCE (%)P/E RatioP/B Ratio
    Elcid investments ltd 74.691.51.8522.20.46
    MRF Ltd.8.2612.4616.4027.813.44
    Honeywell Automation India Ltd.12.3513.9018.4683.2112.34
    Page Industries Ltd.12.4235.6445.9479.9028.83
    3M India Ltd.13.9227.1735.8364.4318.35
    Bosch Ltd.14.8820.6619.4837.567.94
    Abbott India Ltd.20.5332.4742.335117.09
    Shree Cement Ltd.11.6711.5714.7444.244.50
    Procter & Gamble Hygiene and Healthcare Ltd.16.0587.11110.0377.8367.81
    Lakshmi Machine Works Ltd.7.9513.8216.2159.646.42
     (All the above data is of the year ended March 2024) 

    Read Also: 10 Best Copper Stocks in India

    Conclusion

    In conclusion, the majority of India’s most expensive stocks have solid fundamentals. These firms’ stock prices are so high because the majority of them have not declared a stock split or bonus share. Because these equities typically have smaller volumes than other stocks, as an investor, make sure you speak with your investment advisor before investing in such a stock. 

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1List Of Best Healthcare Stocks in India 2025
    2List of Best Telecom Stocks in India 2025
    3List Of Best Footwear Stocks in India 2025
    4List Of Best Logistics Stocks in India 2025
    5List of Best Liquor Stocks in India

    Frequently Asked Questions (FAQs)

    1. Which is the most expensive Stock in India?

       Elcid Investments ltd  is the most expensive stock in India.

    2. What are the top 5 expensive stocks in India?

      Elcid Investments ,MRF, Honeywell Automation Limited, Page Industries Limited and 3M India Limited are the top 5 most expensive stocks in India. 

    3. What is the full form of MRF Limited?

      The full form of MRF is Madras Rubber Factory.

    4. Why is the stock price of MRF so expensive?

      The stock price of MRF is high because the corporation has never declared a stock split, and a bonus issue was declared way back in 1975.

    5. Is it safe to invest in expensive stocks?

      Because most expensive stocks have good fundamentals, including financial performance, they are regarded as secure investment options. However, because expensive stocks often have low liquidity, it is advisable to consult a financial advisor before investing.

    • Open Free Demat Account

    Join Pocketful Now

    You have successfully subscribed to the newsletter

    There was an error while trying to send your request. Please try again.

    Pocketful blog will use the information you provide on this form to be in touch with you and to provide updates and marketing.