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Top 10 Manufacturing Companies in India 2022

When it comes to the growth of the Indian economy, manufacturing companies in India play a very important role in that. The government has planned to create 100 million fresh jobs in the manufacturing sector in 2022, the government’s ‘make in India’ campaign is further going to support manufacturing industries in India. According to a report of the world bank the Indian economy was expected to grow 8.3% with some slight deviations due to pandemic.

In this blog, we are going to take a look at the top 10 manufacturing companies in India.

List of Top 10 Manufacturing Companies in India

Sl. No. Company Name Revenue (INR) Market Cap

(INR)

ROE Sales Growth (3Yrs) Promoter holding Debt to equity
1 Tata Motors Ltd 284,997 Cr. 25,574 Cr. -1.80 % 5% 42.39 % 1.83
2 Tata Steel Limited 148,471 Cr 31,833 Cr 15.53 % 15.64 % 33.12 % 1.41
3 Hindalco Industries Ltd 122,572 Cr 27,888 Cr 9.86 % 9.75 % 34.65 % 0.97
4 Mahindra & Mahindra Ltd 102,156 Cr. 45,153 Cr. 13.47 % 18.90 % 11.35 % 1.56
5 Maruti Suzuki India Ltd 78,926 Cr. 166,295 Cr. 13.32 % 14.33 % 56.21 % 0.01
6 Grasim Industries Ltd 78,689 Cr.  35,886 Cr. 5.39 % 28.38 % 40.11 % 1.31
7 JSW Steel Ltd 77,807 Cr. 42,857 Cr. 24.22 % 26.83 % 42.71 % 1.12
8 Mother son Sumi Systems Ltd 65,547 Cr. 27,411 Cr. 15.42 % 19.51 % 61.73 % 1.13
9 UltraTech Cement Ltd 42,284 Cr. 102,002 Cr. 8.58 % 14.12 % 59.70 % 0.70
10 UPL Ltd. 33,140 Cr. 27,758 Cr. 14.87 % 15.84 % 27.88 % 2.12

 1. Tata Motors Ltd

  • Revenue: Rs 284,997 Cr.
  • Market Cap:  25,574 Cr.
  • ROE: -1.80 %
  • Promoter holding: 42.39 %
  • Debt to equity: 1.83
  • Price to book value: 0.45

TATA motors are the biggest manufacturing company in India when it comes to turnover. They cover all the varieties of cars, from luxury cars like Land Rover to everyday use cars like Nano. This company is one of the largest companies in India. They not only cater to the automobile sector but also the groceries sector in India.

Tata motors rank at number 784 on the Forbes’ Global 2000 list that was released in 2021.

2. Tata Steel Limited

  • Revenue: Rs 148,471 Cr
  • Market Cap:  31,833 Cr.
  • ROE: 15.53 %
  • Sales Growth (3Yrs): 15.64 %
  • Promoter holding: 33.12 %
  • Debt to equity: 1.41
  • Price to book value: 0.44

Tata steel was founded by Jamsetji Nusserwani Tata, this manufacturing company is Asia’s first integrated private steel company established in 1907, this company is owned by manufacturing sector giant, Tata group. Tata Steel is the largest steel producer in India and the second-largest steel producer in Europe.

3. Hindalco Industries Ltd

  • Revenue: Rs 122,572 Cr
  • Market Cap:  27,888 Cr.
  • ROE: 9.86 %
  • Sales Growth (3Yrs): 9.75 %
  • Promoter holding: 34.65 %
  • Debt to equity: 0.97
  • Price to book value: 0.49

Hindalco is an Aditya Birla group’s subsidiary. It is the world’s largest aluminum rolling giant and in terms of manufacturing of aluminum, this company is Asia’s largest producer of primary aluminum. This company has its footprints in 10 additional countries outside India.

Read Also: 10 Top Finance Companies in India

4. Mahindra and Mahindra Ltd

  • Revenue: Rs 102,156 Cr
  • Market Cap:  45,153 Cr.
  • ROE: 13.47 %
  • Promoter holding: 18.90 %
  • Debt to equity: 1.56
  • Price to book value: 1.10

Mahindra and Mahindra previously known as Muhammad and Mahindra is one of the largest manufacturers of heavy-duty vehicles in the world. It is also included in the list of top 10 truck companies n India.

5. Maruti Suzuki India Ltd

  • Revenue: Rs 78,926 Cr
  • Market Cap:  166,295 Cr.
  • ROE: 13.32 %
  • Sales Growth (3Yrs): 14.33 %
  • Promoter holding: 56.21 %
  • Debt to equity: 0.01
  • Price to book value: 3.56

Maruti Suzuki India Ltd. Is one of the most preferred automobile companies by Indians. As of the financial year 2020, this company had a Market share of 50 percent. Its assembly line consists of 1,700 robots which enables them to manufacture a new car every 12 seconds.

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6. Grasim industries Ltd

  • Revenue: Rs 78,689 Cr.
  • Market Cap:  35,886 Cr.
  • ROE: 5.39 %
  • Sales Growth (3Yrs): 28.38 %
  • Promoter holding: 40.11 %
  • Debt to equity: 1.31
  • Price to book value: 0.63

Grasim industries a diversified range of products like Viscose staple fiber, cement, sponge iron, chemicals. Originally it was started in 1947 as a textile manufacturer. This company exports viscose rayon fiber to over 50 countries, making it the largest exporter and producer of viscose rayon fiber in the country.

7. JSW Steel Ltd

  • Revenue: Rs 77,807 Cr.
  • Market Cap:  42,857 Cr.
  • Total Capacity: 18 MnTPA.
  • ROE: 24.22 %
  • Sales Growth (3Yrs): 26.83 %
  • Promoter holding: 42.71 %
  • Debt to equity: 1.12
  • Price to book value: 1.16

JWS group’s flagship company JSW steel is the 2nd largest steel company in India, It is ranked 7th among the top 34 world-class steel makers by world steel dynamics.

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8. Mother son Sumi Systems Ltd

  • Revenue: Rs 65,547 Cr
  • Market Cap:  27,411 Cr.
  • ROE: 15.42 %
  • Sales Growth (3Yrs): 19.51 %
  • Promoter holding: 61.73 %
  • Debt to equity: 1.13
  • Price to book value: 2.49

This company has a wide spectrum of products like Wiring harnesses, waste recycling systems, injection molding tools, etc They are also the largest manufacturer of automobile wiring harnesses and mirrors for passenger cars in India.

9. Ultratech Cement Ltd

  • Revenue: Rs 42,284 Cr
  • Market Cap:  102,002 Cr.
  • ROE: 8.58 %
  • Sales Growth (3Yrs): 14.12 %
  • Promoter holding: 59.70 %
  • Debt to equity: 0.70
  • Price to book value: 2.90

Ultratech is a subsidiary of Grasim Industries which is owned by the Aditya Birla group. Ultratech Cement is India’s largest manufacturer of grey cement, ready mix concrete, and white cement. Apart from that this giant is also one of the leading cement producers on a global scale.

10. UPL Ltd

  • Revenue: Rs 33,140 Cr
  • Market Cap:  27,758 Cr.
  • ROE: 14.87 %
  • Sales Growth (3Yrs): 15.84 %
  • Promoter holding: 27.88 %
  • Debt to equity: 2.12
  • Price to book value: 1.92

UPL is the 5th largest agrochemical company in the world. This manufacturing company is engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, specialty chemicals, and the production and sale of field crops and vegetable seeds.

This was the list of the top 10 manufacturing companies in India. The manufacturing sector is booming every year and is serving as the backbone for the economy of India, with the government’s initiative, this sector will continue to thrive even further.

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Richard Smith

I am Richard Smith from the USA. I’m an Email Marketing Specialist. I have my own blogging site blogest.org. where people will get all Paid Campaigns and Email Marketing and blogging information. I like to encourage and motivate the new youth generation who want to learn Digital Marketing.

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