Recently, Axis Bank¡¯s Burgundy Private and Hurun India together launched an update to the list of 500 most valuable private companies in India. The update was for the period of October 2021- April 2022 to the 2021 Burgundy Private Hurun India 500 list.
As per the report, the National Stock Exchange (NSE) of India is the most valuable unlisted company in India, which grew 35.6% to ?2,28,100 crore, as of April 2022, compared to the previous year.
The list said, "National Stock Exchange of India overtakes Serum Institute of India to become the most valuable unlisted company in India," as per a report in Mint.
Serum Institute of India's valuation declined by 4.6% to ?1,75,000 crore holding the second most valued unlisted firm title for this period.
The top ten unlisted companies ranked in Hurun's list this year are - NSE, SII, BYJU'S, Swiggy, OYO, Dream11, Razorpay, Ola cabs, Intas Pharmaceuticals, and Parle Products.?
Razorpay, Ola Cabs, Swiggy, and Parle Products were among the top ten unlisted companies that witnessed a massive rise in their valuation last year.
In percentage terms, Razorpay's market valuation rose by a whopping 155.1% to ?57,400 crore, as per the Burgundy Hurun's list.
Ola Cabs' market valuation reportedly increased by 148% to ?55,800 crore as of April 2022, while food and groceries delivery major Swiggy also made notable gains in market cap by 98.3% totalling a valuation of ?81,800 crore, and Parle Products' valuation jumped by 93% to ?49,800 crore compared to the previous year.
BYJU'S market cap increased by 24.7% to ?1,68,300 crore, OYO rose by 4.1% to ?73,400 crore, and Indian fantasy sports platform Dream11 saw market valuation advance by 2% to ?61,200 crore as of April 2022, over the previous year.
Ahmedabad-based Intas Pharmaceuticals' valuation remained unchanged at ?53,300 crore as of April 2022, over the previous year.
Among the top ten unlisted firms, four companies are headquartered in Bengaluru, three firms are based in Mumbai, and one each is based in Pune, Gurugram, and Ahmedabad.
Also Read:?With $125 Billion Valuation, Elon Musk's SpaceX Is Poised to Become The Most Valuable US Startup
For unlisted companies, Hurun Research¡¯s valuation is based on a comparison with their listed equivalents using prevailing industry multiples such as Price to Earnings, Price to Sales, EV to sales, and EV to EBITDA. Other methodologies such as Discounted Cash Flow and Tobin¡¯s Q are also used. In certain cases of early-stage companies, Hurun used the First Chicago Method for valuation. Financial information used is from the latest available annual reports or audited financial statements, as per the Mint report.
Anas Rahman Junaid MD and Chief Researcher, Hurun India reportedly said, "We have not benchmarked and made corrections to the value of the unlisted tech companies in the current list. However, we are actively considering devaluing some companies in the next list if the macro concerns get prolonged."
For the latest and interesting financial news, keep reading Indiatimes Worth.?Click here.