Overview

Each quarter, the Indian public listed companies are required to declare their earnings and report their performance. The quarterly results enable investors compare the company's progress from year to year. To supplement its analysis of quarterly earnings of best 500 Indian stock exchange listed companies which are selected from companies with market capitalization of more than USD 5 million, Finglobe, Inc. brings out an analytical report - India Best 200 MicroCap: Analysis of Quarterly Earnings. Here, the best 200 companies are selected from companies with market capitalization of less than USD 5 million. The report is updated at the end of every quarter and is available in February, May, August, and November.

Research Objective

The objective of this summary analysis report is to provide the global investors with a complete resourceful analytical report for familiarizing with the financial position of the best 200 Indian microcap companies at the end of each quarter, which they would find beneficial to pursue for making business decisions in India.

Research Sources

Our research team has compiled financial information of Indian companies from reliable primary and secondary sources including company websites, press releases, and stock exchanges.

• Comprehensive focus on financial performance of best 200 Indian microcap companies for the latest quarter
• Best 200 microcap companies selected from 2000 stock exchange listed Indian companies with market capitalization of less than USD 5 million
• Such best 200 microcap companies are selected based on their financial performance indicators and other key attributes
• Summarizes financial trends by financial performance, by industry groups, and by micro market capitalization groups
• Analyzes various key financial ratios such as growth, profitability, efficiency, market valuation, leverage, most improvement, growth consistency, and profitability consistency

• Out of 4000+ stock exchange listed companies of India, 2000 companies with market capitalization of less than USD 5 million are ranked top-down based on financial performance ratios such as growth, profitability, efficiency, market valuation, and leverage.
• Based on such rankings, those companies included in top 50 ranks based on any of the two ratios are assigned 10 points as deciles, whereas those included in top 50 ranks based on only one ratio are assigned 5 points.
• By assigning such deciles, best 200 companies with higher deciles are included in the list of best 200 microcap companies.

The research methodology that has been adopted for computing composite rankings as well as rankings by financial performance has been mentioned below in details.

Composite Rankings

• Financial variables such as Total Sales, Total Assets, Total Equity, and Market Capitalization have been considered to compute composite rankings.
• Annual total sales have been considered for year end March 2016, total assets and total equity have been considered as of March 2016, and market capitalization has been considered latest.
• Values have been extracted from company quarterly reports.
• Values for all four variables must be available to rank companies.
• Each of the variables has been ranked individually based on values (higher is better).
• Average of individual ranks is then used to provide composite rank for companies.

Growth Rankings

• Total Sales growth has been considered to compute growth rank of the company for latest quarter vs. previous quarter, latest quarter vs. same quarter of previous year, and latest year vs. previous year.
• Annual total sales have been considered for year end March 2016.
• Individual ranks have been assigned to sales growth ratio for all three periods.
• Deciles for all three periods are then used to provide growth rank for companies.

Profitability Rankings

• Key profitability ratios such as Net Income to Total Sales, Net Income to Total Assets and Net Income to Total Equity have been computed for assigning profitability ranks.
• Total sales and net income have been considered for year end March 2016, and total assets and total equity have been considered as of March 2016.
• Individual ranks have been assigned to all three ratios.
• Average of individual ranks is then used to provide profitability rank for companies.
• Negative net income i.e. net loss values are also considered for rankings.

Efficiency Rankings

• Total Sales to Total Assets and Total Sales to Total Equity have been computed for assigning efficiency ranks.
• Annual total sales have been considered for year end March 2016, and total assets and total equity have been considered as of March 2016.
• Individual ranks have been assigned to both the ratios.
• Average of individual ranks is then used to provide efficiency rank for companies.

Market Valuation Rankings

• Key market valuation ratios such as Market Cap to Total Sales and Market Cap to Total Equity have been computed for assigning market valuation ranks.
• Market capitalization has been considered latest, Annual total sales have been considered for year end March 2016, and total equity has been considered as of March 2016.
• Individual ranks have been assigned to both the ratios.
• For market cap to total sales ratio, higher is better; while for market cap to total equity, lower is better.
• Average of individual ranks is then used to provide market valuation rank for companies.

Leverage Rankings

• Total Equity to Total Assets has been computed for assigning leverage ranks.
• Total assets and total equity have been considered as of March 2016.
• Individual ranks have been assigned to the ratio on basis of which leverage rank is provided to the companies.
• For leverage rank, lower is better.

Improvement Rankings

• Sales growth for the latest quarter vs. previous quarter, and previous quarter vs. previous to previous quarter has been computed for assigning improvement ranks.
• Annual total sales have been considered for year end March 2016.
• The companies with sales decline of greater than 10% in the previous quarter but increase of greater than 10% in the current quarter have been considered as the most improved companies.

Growth Consistency Rankings

• Sales growth for latest quarter vs. previous quarter, previous quarter vs. previous to previous quarter and latest year vs. previous year has been computed for assigning growth consistency ranks.
• Annual total sales have been considered for year end March 2016.
• Individual ranks have been assigned to sales growth ratio for all three periods for companies with positive growth.
• Deciles for all three periods are then used to provide growth consistency rank for companies.

Profitability Consistency Rankings

• Key profitability ratio such as Net Income to Total Sales has been considered for assigning profitability rank to the company for the latest quarter, previous quarter, and latest year.
• Annual total sales and net income have been considered for year end March 2016.
• The companies with negative net income i.e. net loss values are skipped for this ranking.
• Individual ranks have been assigned to the profitability ratio for all three periods.
• Deciles for all three periods are then used to provide profitability consistency rank for companies.

Best 10 Rankings

• Deciles rankings have been considered based on 5 different sectional ranks – Growth rank, Profitability rank, Efficiency rank, Market Valuation rank, and Leverage rank to assign best 10 rankings.
• Each company is ranked individually for each sectional rank.
• The companies included in top 50 ranks for any two sectional ranks are assigned 10 points as deciles, while those included in top 50 for only one sectional rank are assigned 5 points.
• For the companies with same deciles, the key attributes such as foreign affiliation, multinationality, and R&D intensity are considered and based on such attributes the companies having maximum attributes are given maximum points.
• The companies with higher deciles and higher points for attributes are ranked on the top.
• The best 10 companies based on rankings so assigned are then sorted out for various industry groups and micro market capitalization groups.

• 1.1 By industry
• 1.2 By micro market capitalization groups

• 2.1 Top 50 fastest growing companies
• 2.2 Top 50 most profitable companies
• 2.3 Top 50 most efficient companies
• 2.4 Top 50 high market valuation companies
• 2.5 Top 50 companies with better leverage

• 3.1 By industry
• 3.2 By micro market capitalization groups
• 3.3 By weightage of industry groups

• 4.1 Top 25 most improved companies
• 4.2 Top 25 companies with growth consistency
• 4.3 Top 25 companies with profitability consistency

• 5.1 Best 10 capital goods companies
• 5.2 Best 10 consumer goods companies
• 5.3 Best 10 financial services companies
• 5.4 Best 10 healthcare companies
• 5.5 Best 10 materials companies
• 5.6 Best 10 retailing companies
• 5.7 Best 10 technology companies

• 6.1 Best 10 tier 1 microcap companies (USD 4 - 4.99 million)
• 6.2 Best 10 tier 2 microcap companies (USD 3 - 3.99 million)
• 6.3 Best 10 tier 3 microcap companies (USD 2 - 2.99 million)
• 6.4 Best 10 tier 4 microcap companies (USD 1 - 1.99 million)
• 6.5 Best 10 tier 5 microcap companies (Less than USD 1 million)

• Analysis of most recent quarterly earnings for best 200 Indian microcap companies provided through this analytical report
• Analysts with years of experience analyze the quarterly financial data for the leading Indian companies
• Financial information comprehensively compiled from reliable primary and secondary sources
• Useful for global investors to get a better understanding of where the best 200 Indian microcap companies stand

• Easy for user to compare financial information of best 200 microcap companies
• Analyzes data for recent two quarters as well as two recent years
• Provides rankings by various aspects such as composite, financial performance, industry groups, and micro market capitalization groups
• Comprehensive report providing succinct analysis of best 200 microcap companies
• Provides timely report as analysis completed for the best 200 microcap companies as soon as their quarterly earnings reports are published

Research Report - India Best 200 MicroCap: Analysis of Quarterly Earnings (latest report available is February 2016 edition)
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