BCG - FUNDAMENTALS DRIVEN VALUE CREATION Manufacturing leads the charge

INDIA STORY: FUNDAMENTALS DRIVEN VALUE CREATION “Manufacturing leads the charge”

This document has been prepared as a supplement to BCG’s global value creators report 2006 (“Spotlight on Growth”) and provides further insights into the value creation by Indian companies over and above what is highlighted in the global report. 

The methodology for analyzing a larger set of Indian companies is the same as that for the global set.  Please refer to the section on methodology for a detailed explanation on TSR decomposition analysis and selection of sample.

Total shareholder returns (TSR) analysis for a sample of Indian companies has been conducted for the period Apr ’02 – Mar ’07 and top performers have been identified.  In order to make a like-to-like comparison of Indian companies with relevant international set,  Apr ‘01 – Mar ‘06 financials of Indian companies are used.  Further, published financials of Indian companies as on Mar ’06 are used to decompose the share holder returns from 01-06 into sub-components (growth, profitability, multiple change, etc).

bcg value creators report_india supplement_23april07.ppt

page : 65