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Apr-Jun 2013 Earnings Preview
Technology
Nifty: Company & Sector Valuations
Wgt
(%)
Mcap
(Rs m)
No. of
Shares (m)
CMP
(Rs)
PAT (Rs m) EPS (Rs) PER (x)
2012 2013 2014 2015 2012 2013 2014 2015 2012 2013 2014 2015
47 HCL Technologies 1.2% 570,597 696.9 819 17,099 25,260 39,465 41,702 24.8 36.4 56.9 60.1 33.0 22.5 14.4 13.6
Growth (%) 31.5 47.7 56.2 5.7 28.0 46.7 56.2 5.7
48 Infosys Technologies 6.4% 1,417,301 574.2 2,468 83,160 94,210 102,762 110,944 145.4 164.7 179.7 194.0 17.0 15.0 13.7 12.7
Growth (%) 21.9 13.3 9.1 8.0 21.9 13.3 9.1 8.0
49 TCS 4.1% 2,948,847 1,957.2 1,507 107,476 139,414 163,724 181,547 54.9 71.2 83.7 92.8 27.4 21.2 18.0 16.2
Growth (%) 17.6 29.7 17.4 10.9 17.6 29.7 17.4 10.9
Total 11.6% 4,936,745 3,228.3 207,735 258,884 305,950 334,193 23.8 19.1 16.1 14.8
Growth (%) 20.3 24.6 18.2 9.2
Source: Company Data, Bloomberg, PL Research
Telecom
Nifty: Company & Sector Valuations
Wgt
(%)
Mcap
(Rs m)
No. of
Shares (m)
CMP
(Rs)
PAT (Rs m) EPS (Rs) PER (x)
2012 2013 2014 2015 2012 2013 2014 2015 2012 2013 2014 2015
50 Bharti Airtel 1.9% 1,173,637 3,997.4 294 42,594 22,757 45,450 65,198 11.2 6.0 11.9 17.2 26.2 48.9 24.7 17.1
Growth (%) (29.6) (46.6) 99.7 43.4 (29.6) (46.5) 97.8 44.8
Total 1.9% 1,173,637 3,997.4 42,594 22,757 45,450 65,198 27.6 51.6 25.8 18.0
Growth (%) (29.6) (46.6) 99.7 43.4
Source: Company Data, Bloomberg, PL Research
Total Nifty
Nifty: Company & Sector Valuations
Wgt
(%)
Mcap
(Rs m)
No. of
Shares (m)
CMP
(Rs)
PAT (Rs m) EPS (Rs) PER (x)
2010 2011 2012 2013 2010 2011 2012 2013 2010 2011 2012 2013
Grand Total* 100.0% 37,644,840 6,539.0 2,389,378 2,595,089 2,837,824 3,265,380 380.3 396.9 434.0 499.4 15.3 14.6 13.4 11.6
Growth (%) 11.8 8.6 9.4 15.1 11.9 4.3 9.4 15.1
Source: Company Data, Bloomberg, PL Research
* Not based on Free Float
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