Companies that club industry profits

This is a category of the companies that form a group to take out the entire industry profits. Take the mining sector. This is the domain of public-sector enterprises. Two companies, Coal India and NMDC, together take away 95 per cent of the industry's profits. Given Coal India's monopoly, it is not surprising that the company takes away 65 per cent of the sector's profits. There are really no comparable quality alternatives to Exide and Amara Raja when it comes to automotive batteries. These two together take away 90 per cent of the organised battery-market profits in the country. There are also instances where three or four companies together take away the entire sector's profits. In the ratings game, CRISIL, CARE and ICRA own the profits. In paints, Asian Paints, Kansai Nerolac and Berger together take away 90 per cent of the organised industry profits. In air conditioners, Voltas, Lloyd and Hitachi freeze 86 per cent of the organised-sector profits. Of course, this study takes into account only listed companies that have public data available. Every industry has unlisted players, sometimes a significant player, like Honda in two-wheelers or Samsung or LG in domestic appliances. We have tried to make a note of such unlisted major private players wherever possible. Phenomenally, the big four of IT industry - TCS, Infosys, Wipro and HCL Tech (excluding Cognizant) take away 84 per cent of listed company profits for the sector. This is from a list of 133 software companies under consideration. In sanitaryware, the organised industry is dominated by three players, Kajaria, HSIL and Cera, with industry leader Kajaria cornering twice the profit share of its closest competitor. The following table shows the main Club Profits companies. CLUB PROFITS: Two or three companies take away the majority of industry profits Industry/companyRevenue(₹cr)Revenueshare (%)Net profit(₹cr) Net profitshare (%)Abrasives3492268Carborundum Universal205058.7113851.53Grindwell Norton113532.5110438.84Agriculture3097438Kaveri Seed116137.4930168.62Advanta140745.448619.56Air Conditioners13411643Voltas518338.6538660.05Lloyd Electric & Engineering217316.28813.75Hitachi Home & Life157311.737812.1Automobiles: Passenger cars1212446383Maruti Suzuki4929540.66379159.38Mahindra & Mahindra7194959.34259340.62Automobile598785587Bajaj Auto2161436.1281250.33Hero MotoCorp2730345.6234942.03Batteries169011137Exide Industries953556.4261654.18Amara Raja Batteries421124.9241136.12Bearings6081525SKF India238139.1620539.05FAG Bearings*166627.3916832.03Ceramics / sanitaryware9558498Kajaria Ceramics*222323.2519338.69HSIL194220.328517.17Cera Sanitaryware*8548.937014.01Diesel engines105191150Cummins India440641.8978668.33Kirloskar Oil Engines250723.8314312.45IT software31448758227TCS*9820531.232019634.68Infosys5331916.951237321.25Wipro4695114.93871414.97HCL Technologies3570911.35730612.55Lubricants6990822Castrol336248.0952163.37Tide Water Oil103714.8415919.29Mining & minerals9030020999Coal India7201579.751372765.37NMDC1234813.67640130.48Oil exploration18805525302ONGC15907584.591767369.85Cairn India146467.79448017.7Paints256082167Asian Paints1502358.66142765.86Kansai Nerolac Paints358714.0127512.7Berger Paints India432216.8826512.21Pesticides & agrochemicals271072452UPL1209144.6116647.57Bayer CropScience361513.3438315.62PI Industries19377.1524610.03Ratings1860460CRISIL*127668.6126357.21CARE*26314.1313128.53ICRA32117.256614.26Refineries136549336608Reliance Industries37543527.492364064.58BPCL24241917.75508213.88IOC44831532.83487213.31Shipping115711658Great Eastern Shipping343829.7174845.13Essar Ports165414.2939323.69Shipping Corporation of India415435.920112.12Travel services6532217Thomas Cook273941.9310448.13Cox & Kings255639.139041.69*Financial data as of June 2015. Rest of the data as of March 2015.