Fastest growing industries in India

What do Integrated Oil & Gas, Non-Electric Utilities and Holding Companies have in common with each other and with Small Finance Banks, Telecom Cables and Carbon Black companies?

They are some of the fastest growing industries by year-on-year Sales growth in India.

In the last post we looked at the most profitable industries in India. This post covers the fastest and slowest growing / de-growing sectors in India by Sales.

2019 Fastest Growing Industries: Total Sales > 15,000 Crores

Fastest Growing Industries India

The sectors in dark green appear on all three lists, implying they have been and continue to grow fast. Lightly shaded sectors have been growing fast over the last 3 years and also had strong growth in the last year.

Holding Companies (as non-specific as that is) and Household Appliances have been the consistent growth story over the last few years.

A sample of what constitute “Holding Companies” in this analysis: Bajaj Finserv, Aditya Birla Capital, L&T Finance Holding, Bajaj Holdings & Investment, JM Financial, Network 18 Media & Investments, Tube Investments, Tata Investment Corporation, Kama Holdings,

Household Appliances Companies: Havells India, Crompton Greaves Consumer Electricals, Bajaj Electricals, IFB Industries, and Butterfly Gandhimathi Applicances.

Broadcasting & Cable TV, Roads & Highways, Refineries, Oil Marketing & Distribution and Other Industrial Goods manufacturers have been emerging as the fastest growth sectors over the last 3 years.

2019 Fastest Growing Industries: Total Sales between 3,000 and 15,000 Crores

Fastest Growing Industries India

In the relatively smaller sectors with total Sales between 3,000 and 15,000 Crores, Small Finance Banks, Telecom Cables and Specialist Consumer Services have been the consistent growers over the last few years.

The companies in that last sector based on this classification are an eclectic bunch consisting of Security & Intelligence Services, Teamlease Services, and Kaya Limited.

Carbon Black, Biotechnology, Computer Hardware, and Healthcare Services have been the newer sectors growing quickly.

The industries seeing the slowest growth (even degrowth) in terms of revenue are Sugar, Edible Oils, Zinc, Telecom Services

Caution: It’d be shortsighted to just think of these sectors where all the action is happening. Remember they only consider the listed universe. For example, Restaurant chains have only just started  going public and so you see them on the YoY list of fastest growing small industries.

Any aggregated data analysis, like with skirts of a certain length, hide some of the most telling details. Consume with care.

Connect with me @CalmInvestor to engage.




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