Top 5 Companies With The Highest Forex Earnings

In last few months, the Indian Rupee (INR) has remained one of the worst performing currencies globally against the USD. Although this poses a lot of macro-economic problems to India, especially India Inc., there are certain companies that see gains with such depreciation in the value of INR. These are companies that have higher forex earnings.

In the following article, we focus on those companies that had the highest forex earnings as at the end of FY13.

Reliance Industries: Founded by Dhirubhai H. Ambani, the Reliance Group is India's largest private sector enterprise, with businesses in the energy and materials value chain. The group's annual revenues are in excess of USD 66 billion. Its flagship company, Reliance Industries (RIL), is a Fortune Global 500 entity and is the largest private sector company in India.

RIL is also the numero uno in terms of foreign exchange earnings as of FY13. On a YTD basis, it has earned Rs 228092 crore and has generated a return of 3.57%.

Tata Consultancy Services: Tata Consultancy Services (TCS) provides IT services, consulting and business solutions worldwide. The company was founded in 1968 and is headquartered in Mumbai, India. It is a subsidiary of Tata Sons.
TCS earns Rs 45942 crore in foreign exchange. The stock has generated stupendous returns of 55.03% on YTD basis.

Infosys: Founded in 1981 and is headquartered in Bengaluru, Infosys provides business consulting, technology, engineering and outsourcing services worldwide. The company was formerly known as Infosys Technologies and changed its name to Infosys in June 2011.

As of FY13, the company earns Rs 36107 crore in foreign exchange, and yields YTD returns of 31.24% for shareholders.

Mangalore Refinery And Petrochemicals: Mangalore Refinery and Petrochemicals is engaged in the business of refining crude oil. The company produces and sells various products, such as liquefied petroleum gas, naphtha, motor gasoline, ATF, SKO, high speed diesel and furnace oil, to name a few. It also operates retail outlets under the brand name of 'HiQ' in Hubli and Maddur.

The company earns Rs 32179 crore by way of foreign exchange as of FY13. The stock price has declined by 46.77% on a YTD basis.

Essar Oil: Essar Oil is engaged in the exploration, production, refining and marketing of petroleum products in India and internationally. The company focuses on a portfolio of 5 coal bed methane gas blocks in West Bengal, consisting of approximately 10 trillion cubic feet or 1.7 billion barrels of oil equivalent reserves and prospective resources. It operates a network of approximately 1400 retail outlets.

The company earns Rs 31921 crore by way of foreign exchange as of FY13. On a YTD basis, its stock prices have declined by 16.72%.