Top 10 Companies Having Highest Other Income As a Percentage Of Operating Income

In the present article captures the companies that have higher other income as a percentage of net sales. Companies enlisted have more 400 crores of operating income and more than 100 crores of other income at the end of FY12. Listed below are the consolidated figures as of FY12.
Read on to know more about the top 10 companies having highest other income as a percentage of operating income.

Financial Technologies (India): Based out of Mumbai and promoted by Jignesh P Shah, the company engages in the provision of technology, intellectual property and domain expertise to create and trade platforms for financial markets in various asset classes, including equities, commodities, currencies, and bonds.

The company’s exchange and trading technology platform creates electronic, organized, and regulated financial markets for the asset classes and investor classes. It operates a network of 9 exchanges connecting financial markets primarily in the economies of Africa, the Middle East, India, and the South East Asia.

The other income for the company at the end of FY12 stands at Rs 333.07 crore as against a top line of Rs 501.23 crore. With 66% other income as a percentage of sales the company topped our list. On a YTD basis the scrip has yielded a return of staggering 124.44 per cent.

Reliance Power: The company is remembered to strike the capital markets with one of the largest IPOs in the history. Promoted by the Reliance ADAG group, the company engages in the development, construction, and operation of power generation projects in India and internationally. The company owns a multitude of approximately 35000 Mega-Watts of power generation capacity in operation and under development. It operates 1,540 MegaWatts of power generation assets, as well as has a portfolio of coal-based, gas-based, and hydroelectric power projects under development.

On a consolidated basis, the topline of the company at the end of FY12 stands at Rs 2019 crore and the other income stands at Rs 747.57 crore for the same period. Other income as a percentage of net sales stands at a whooping 37%. On a YTD basis the company has yielded a positive return of 38.28% and secured the second place.

Hubtown:  Formerly known as Ackruti City, the company rechristened itself to Hubtown in October 2011. It has presence in seven Indian cities and has diversified its businesses into different segments of real estate like residential spaces, office spaces, IT parks, Special Economic Zones (SEZs).  The company has completed over 13 million sq. ft. of development in cities like Mumbai and Pune. The company has 45 ongoing projects of 72 million sq. ft. in Mumbai, Thane, Pune, Bangalore and Gujarat.

The other income as a percentage of the top-line stands at 36%. The top-line and other income, at the end of FY12 on a consolidated basis is Rs 434.91 crore and 155.58 crore respectively. On YTD basis the performance of the scrip has remained subdued and it has yielded a negative return of 4.47%.

Kohinoor Foods: Previously known as Satnam Overseas, the company is engaged in the manufacturing and sale of food products in Indian and international markets. The company offers Basmati Rice, Pulses and Lentils, Wheat Flour, Spices, Frozen Food, etc. to name a few. It exports its products to various countries, including USA, UK, Canada, France, and other middle-eastern countries.

The other income as a percentage of the top-line stands at 32% which is 339.84 crore of 1076.38 crores (top-line income). On YTD basis the performance of the scrip has remained subdued and it has yielded a negative return of 4.13%.

Adani Enterprises: The Company along with its subsidiaries has presence across several business segments. It engages in trading, power, ports, agro, and real estate business activities in India and internationally. It is involved in mining, processing, exploration, and development of various coal properties in India, Indonesia, and Australia. The company also owns and operates Mundra and Dahej ports in India, and Abbot Point port in Australia.

The other income for the company at the end of FY12 stands at Rs 8667.34 crore as against a top line of Rs 31236.41 crore. With 28% other income as a percentage of sales the company is placed at the fifth spot in our list. On a YTD basis the scrip has yielded a negative return of 22.13 per cent.

Peninsula Land: Peninsula Land is the real estate arm of the Ashok Piramal Group. The company has completed and executed 6.4 million square feet of development in the residential, commercial and retail space till date. Since the completion of the company’s Mumbai projects, Peninsula Land has expanded its operations to cities like Bengaluru, Goa, Nagpur, Nasik, Pune and Lonavala.

In the last two years, the company has acquired land parcels to the tune of Rs 1150 crore. In FY12, Other Income stood at Rs 140.88 crore, which is 26% of the Operating Income. Shares of Peninsula have risen by 133.01% in 2012.

Piramal Enterprises: Piramal Enterprises is primarily focused in the pharmaceutical business and has its operations spread across various segments of health-care. The company has been quite aggressive in terms of inorganic growth in FY12 and has entered the financial services sector through the acquisition of INDIAREIT Fund Advisors and INDIAREIT Investment Management.

It also acquired an 11% stake in Vodafone India Limited. In FY12, other income of Piramal Enterprises was Rs 498.17 crore which as a percentage to the Operating income comes to 23%. YTD, the stock has yielded a positive return of 27.29%.

Cox & Kings: Cox & Kings is an international travel and tours company with operations in 26 countries across the globe. Cox & Kings acquired a European company Holidaybreak in September 2011 through which the company made an entry into education travel and camping holidays and strengthened its positioning in the leisure travel business.

In addition to the 3 core businesses, Cox & Kings offers foreign exchange services and visa processing services. The company’s Other Income stood at Rs 166.03 crore in FY12, which as a percentage to the Operating Income comes to 20%. The YTD return stands at 20%.

Multi Commodity Exchange of India: Multi Commodity Exchange of India (MCX) is a De-mutualised exchange offering more than 40 commodities across various segments. Having started operations in November 2003, today, MCX holds a market share of over 85% of the Indian commodity futures market. The exchange is now set to start equity trading from November 18, 2012.

As a proportion to Operating Income, Other Income amounted to 20% at Rs 103.07 crore in FY12. The stock, having been listed on March 23, 2012 has yielded a return of 28.41% so far.
 
Oberoi Realty: Incorporated in the year 1998, Oberoi Realty is engaged in activities in the real estate and hospitality segment in India. Despite being present in the realty space the company is debt free. It has completed 36 projects covering more than 6 million sq. ft. The company has very strong presence in the island city of Mumbai. The land bank is the biggest asset of the company. It is also exploring opportunities in segments like in the health-care and educational infrastructure.

The other income for the company at the end of FY12 stands at Rs 150.10 crore as against a top line of Rs 824.69 crore. As a proportion to Operating Income, Other Income amounted to 18% in FY12. The stock, has yielded a return of 29.24% so far in the current calendar year.