Post reading the announcement in the Wall Street Journal yesterday that Flipkart.com was receiving 150 million US$ funding from General Atlantic at a valuation of 1 BILLION US$, my head became dizzy, and I posted my first reaction here.
Today, with some more clarity in thinking, I just thought of pulling up the BSE (Bombay Stock Exchange) list of MID CAP Companies my Market Capitalisation and thought of listing those BELOW 4350 odd crores as a comparison, since Flipkart is valued at 1B$.
THE RESULTS ARE FASCINATING.
In simple language, Flipkart is MORE valuable than – Patni, Bata India, Tata Tele(?), NAUKRI. COM !!!!, Indiabulls Real Estate, UTV Software, JET AIRWAYS, HT Media (Hindustan Times), Jubilant (Dominos Franchisee in India), Shoppers Stop, EDUCOMP!!, India Infoline, DENA Bank, and TV18 to name just a few.
GOD HELP US ALL.
Complete list below: (source – moneycontrol.com)
| Company |
Market Cap in Crores (29/7/11)
|
| Patni Computer |
4,354.15 |
| HMT |
4,326.39 |
| Prestige Estate |
4,305.97 |
| Ispat Industrie |
4,284.30 |
| CESC |
4,254.39 |
| Bata India |
4,232.73 |
| Nat Fert |
4,228.79 |
| JK Bank |
4,226.29 |
| Jindal Saw |
4,216.61 |
| TataTeleservice |
4,192.81 |
| Ipca Labs |
4,125.06 |
| Rashtriya Chem |
4,115.59 |
| GE Shipping |
4,113.34 |
| ILandFS Trans |
4,091.28 |
| Info Edge |
4,056.89 |
| Indiabulls Real |
4,012.99 |
| KSK Energy Vent |
3,983.42 |
| UTV Software |
3,909.67 |
| Redington |
3,854.76 |
| Jet Airways |
3,853.09 |
| Alstom Projects |
3,833.45 |
| Blue Dart |
3,787.33 |
| Essar Ports |
3,782.35 |
| Berger Paints |
3,754.89 |
| HT Media |
3,741.53 |
| Financial Tech |
3,725.45 |
| Amtek Auto |
3,707.46 |
| Apollo Tyres |
3,686.94 |
| Bombay Rayon |
3,669.45 |
| JagranPrakashan |
3,589.64 |
| Akzo Nobel |
3,586.56 |
| Chambal Fert |
3,581.47 |
| AIA Engineering |
3,567.20 |
| Eicher Motors |
3,560.40 |
| AstraZeneca |
3,508.00 |
| State Bnk Tr |
3,489.50 |
| Bayer Cropscien |
3,478.26 |
| SKF India |
3,464.00 |
| IndiaBPower |
3,459.21 |
| CMC |
3,404.96 |
| Jubilant Life |
3,399.86 |
| State B Bikaner |
3,355.10 |
| TTK Prestige |
3,327.66 |
| Core Projects & |
3,325.65 |
| IFCI |
3,323.96 |
| Educomp Sol |
3,319.60 |
| Chennai Petro |
3,267.86 |
| Rajesh Exports |
3,261.15 |
| Ruchi Soya |
3,256.92 |
| Shoppers Stop |
3,238.61 |
| United Bank |
3,222.05 |
| Century |
3,200.77 |
| Mahindra Holida |
3,200.73 |
| GSFC |
3,193.80 |
| Monnet Ispat |
3,167.99 |
| Rallis India |
3,162.06 |
| Godfrey Phillip |
3,124.78 |
| Phoenix Mills |
3,064.21 |
| MRF |
3,057.59 |
| Era Infra Eng |
3,042.89 |
| Alfa Laval |
3,038.43 |
| Gujarat Pipavav |
2,998.80 |
| Vijaya Bank |
2,996.71 |
| Mcleod |
2,973.37 |
| MTNL |
2,970.45 |
| SKS Microfin |
2,961.08 |
| Tube Investment |
2,956.68 |
| Novartis India |
2,878.39 |
| Carborundum |
2,877.21 |
| BGR Energy |
2,866.97 |
| BASF |
2,864.21 |
| GVK Power |
2,850.47 |
| Cox & Kings |
2,845.24 |
| Responsive Ind |
2,836.23 |
| Dena Bank |
2,825.47 |
| State Bnk My |
2,818.99 |
| Whirlpool |
2,805.14 |
| Rei Agro |
2,782.95 |
| Shriram City |
2,772.39 |
| BF Utilities |
2,744.84 |
| Bank of Mah |
2,687.96 |
| Supreme Ind |
2,679.00 |
| South Ind Bk |
2,655.65 |
| Tata Inv Corp |
2,644.30 |
| Mah Seamless |
2,636.54 |
| Gitanjali Gems |
2,619.99 |
| BOC India |
2,588.38 |
| Blue Star |
2,574.42 |
| Bajaj Finance |
2,564.77 |
| Guj NRE Coke |
2,554.75 |
| Sobha Developer |
2,547.21 |
| Hexaware Tech |
2,535.41 |
| Edelweiss Cap |
2,504.25 |
| Page Industries |
2,497.30 |
| TV18 Broadcast |
2,487.34 |
| Birla Corp |
2,479.57 |
| WABCO-TVS |
2,471.29 |
| Honeywell Autom |
2,452.28 |
| Lakshmi Machine |
2,445.51 |
| Zydus Wellness |
2,431.07 |
| Trent |
2,425.58 |
| India Infoline |
2,409.93 |
| Anant Raj Ind |
2,409.46 |
| Omaxe |
2,376.13 |
| SREI Infra |
2,346.90 |
| TVS Motor |
2,344.55 |
| Punj Lloyd |
2,336.29 |
| eClerx Services |
2,331.58 |
| Raymond |
2,330.32 |
| Wyeth |
2,325.74 |
| Prism Cement |
2,315.44 |
| BEML |
2,292.32 |
| VIP Industries |
2,291.88 |
| PTC India |
2,283.10 |
| Tulip Telecom |
2,269.25 |
| Ballarpur Ind |
2,261.56 |
| Arvind |
2,229.95 |
| Greaves Cotton |
2,222.28 |
| Hind Oil Explor |
2,221.65 |
| FAG Bearings |
2,195.81 |
| Madras Cements |
2,191.70 |
| Himadri Chem |
2,185.18 |
| Dewan Housing |
2,182.43 |
| Bajaj Electric |
2,179.73 |
| Karnataka Bank |
2,177.54 |
| StanChart IDR |
2,168.40 |
| Stride Arcolab |
2,168.36 |
| Delta Corp |
2,143.81 |
| India Cements |
2,142.56 |
| Sadbhav Eng |
2,136.48 |
| Punjab & Sind |
2,135.76 |
| Aban Offshore |
2,132.96 |
| Allcargo Global |
2,088.47 |
| Amara Raja Batt |
2,042.06 |
| KEC Int |
2,028.43 |
| Parsvnath |
2,025.77 |
| Cholamandalam |
2,019.48 |
| Fresenius Kabi |
2,008.70 |
| Clariant |
2,007.42 |
| City Union Bank |
2,001.04 |
| Abbott India |
1,995.90 |
| Kalpataru Power |
1,981.18 |
| ABG Shipyard |
1,977.80 |
| Alok Industries |
1,977.34 |
| Sterlite Techno |
1,967.31 |
| Zuari Inds |
1,960.01 |
| Sun Pharma Adv |
1,927.22 |
| A2Z Maintenance |
1,913.41 |
| SRF |
1,907.43 |
| Jyothy Labs |
1,904.12 |
| DB Realty |
1,902.28 |
| JSL Stainless |
1,889.86 |
| NCC |
1,873.06 |
| Rolta |
1,872.22 |
| HCL Info |
1,856.29 |
| Hind Constr |
1,846.89 |
| Kirloskar Oil |
1,840.75 |
| Sunteck Realty |
1,835.46 |
| Hind Nat Glass |
1,820.14 |
| Jai Corp |
1,791.19 |
| Ramky Infra |
1,790.86 |
| Hotel Leela |
1,774.30 |
| Radico Khaitan |
1,758.60 |
| Nava Bharat Ven |
1,752.19 |
| Network 18 |
1,722.50 |
| Graphite India |
1,721.26 |
| Polaris |
1,717.49 |
| FDC |
1,705.58 |
| MindTree |
1,662.09 |
| IVRCL |
1,660.80 |
| Puravankara Pro |
1,640.17 |
| JM Financial |
1,627.03 |
| DeccanChronicle |
1,604.11 |
| Hathway Cable |
1,595.00 |
| S Kumars Nation |
1,575.93 |
| GNFC |
1,563.51 |
| Sujana Towers |
1,549.66 |
| Bajaj Hind |
1,548.26 |
| Monsanto India |
1,523.62 |
| Infotech Enter |
1,513.87 |
| Simplex Infra |
1,484.17 |
| MVL |
1,464.03 |
| Balrampur Chini |
1,463.76 |
| Orchid Chemical |
1,453.57 |
| Peninsula Land |
1,444.87 |
| Motilal Oswal F |
1,444.19 |
| Mahindra Life |
1,441.68 |
| GTL Infra |
1,436.02 |
| Tecpro Systems |
1,426.64 |
| Persistent |
1,414.40 |
| Bombay Dyeing |
1,392.99 |
| Vardhman Text |
1,370.42 |
| Usha Martin |
1,362.20 |
| Glodyne Techno |
1,353.32 |
| Unichem Labs |
1,300.80 |
| SpiceJet |
1,280.99 |
| Jindal PolyFilm |
1,195.03 |
| TV 18 |
1,127.87 |
| KGN Industries |
1,122.51 |
| India Securitie |
928.98 |
| GTL |
728.05 |