Thematic Study | December 2015
20TH ANNUAL WEALTH CREATION STUDY
(2010-2015)
Mid-to-Mega
The power of industry leadership in Wealth Creation
HIGHLIGHTS
Value Migration is increasingly becoming the key driver
of rapid Wealth Creation.
Industry leadership is a necessary pre-requisite to be
a megacorp.
Market cap rank is a powerful tool to assess a company's
current standing and the roadmap ahead.
Mid-to-Mega marks a big change in ranks, driven by the
lollapalooza effect of MQGLP (Mid-size, Quality, Growth,
Longevity and Price).
"I've been searching for lollapalooza results all my life, so I'm very interested
in models that explain their occurrence … Really big effects, lollapalooza effects,
will often come only from large combinations of factors."
– Charlie Munger
TOP 10 WEALTH CREATORS (2010-2015)
THE BIGGEST
Wealth
Rank Company
Created
(INR b)
1 TCS
3,458
2 ITC
1,565
3 HDFC Bank
1,540
4 Sun Pharma
1,405
5 Hindustan Unilever
1,374
6 HCL Tech
1,130
7 HDFC
1,241
8 Tata Motors
1,071
9 Infosys
1,048
10 Axis Bank
774
THE FASTEST
5-Year
Company
Price
CAGR (%)
Ajanta Pharma
119
Symphony
108
Eicher Motors
90
P I Industries
85
Page Industries
77
Wockhardt
68
Bajaj Finance
68
GRUH Finance
62
Blue Dart Express
59
Amara Raja Batteries
59
THE MOST CONSISTENT
Company
Titan Company
Sun Pharma
Asian Paints
Kotak Mahindra
Dabur India
Bosch
Axis Bank
Cummins India
Nestle India
M&M
Appeared
in WC
Study (x)
10
10
10
10
10
10
10
10
10
10
10-Year
Price
CAGR (%)
43
36
35
34
31
29
28
27
27
25
Raamdeo Agrawal
(Raamdeo@MotilalOswal.com) /
Shrinath Mithanthaya
(ShrinathM@MotilalOswal.com)
We thank Mr Dhruv Mehta (Dhruv.Mehta@dhruvmehta.in), Investment Consultant, for his invaluable contribution to this report.
Investors are advised to refer through important disclosures made at the last page of the Research Report.