Q3 Warp: 3 Nifty 50 Cos. With Highest EPS!

  • Stock Market Analysis

Earnings per share or simply EPS is a metric used to measure how much a company is earning for every issued share. High EPS companies are always preferred by investors and if you are looking for such companies from the blue-chip Nifty 50 index, here’s a list of the top 3.

Maruti Suzuki India Limited

Maruti Suzuki India Ltd. (NS: MRTI ) is the largest passenger vehicle manufacturer in India with a market capitalization of INR 2,62,617 crores. It reported a 2.1% QoQ decline in Q3 FY23 revenue to INR 29,954.4 crores, however, due to improved EBITDA margins net profit rose 13.2% QoQ to INR 2,391.5 crores. It is one of the very few large caps that more than doubled their net income in this quarter on a YoY basis.

The EPS for the reported quarter is INR 79.17, higher than INR 69.93 in the previous quarter and the highest among all the Nifty 50 companies in Q3 FY23. The current P/E ratio of Maruti Suzuki India stands at 67.69.

Dr Reddy’s Laboratories Limited

Dr. Reddy’s Laboratories Ltd (NS: REDY ) is a large-cap pharmaceutical company with a market capitalization of INR 74,327 crores. The company’s revenue in Q3 FY23 jumped 7.33% QoQ to INR 6,854.5 crores while net income surged 11.6% QoQ to INR 1,243.9 crores. As of the latest filings, FIIs hold a decent 37.82% stake in the company, one of the highest amongst all large caps.

The EPS for the reported quarter stands at INR 74.91, higher than 67.13 in the preceding quarter, making it secure the second spot on this list. The P/E ratio of the stock is 34.06, at par with the sector’s average of 33.49.

Nestle India Limited

Nestle India Ltd (NS: NEST ) is a well-known FMCG giant with brands such as Nescafe, KitKat, Munch, Maggie etc., having a market capitalization of INR 1,81,483 crores. The company’s revenue for Q3 FY23 declined 7.4% to INR 4,286.34 crores and consequently, net income fell 5.05% to INR 628.06 crores. It also declared a final dividend of INR 75 per share, the ex-dividend date of which is 21 April 2023.

The EPS for the reported quarter declined to INR 65.14, compared to INR 68.61, but still made it the third highest EPS clocker from the Nifty 50 list. It is trading at a P/E ratio of 75.92, making it a bit overvalued when looking at the sector's average of 47.43 but market leaders almost always trade at a premium valuation.

Read More: This Blue Chip is a Safer Bet in Weak Environment Amid 21% Fall!

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