ETIG's 100 Fastest Growing Companies

	3-Year CAGR (%)		3-Year Average
Company	Net Sales	PAT	RoCE (%)	ICR*	FY08 Net Sales (Rs Cr)	FY08 PAT (Rs Cr)	M-Cap** (Rs Cr)	Sector
ICSA (India)	214.8	210.0	67.8	132.7	670.7	111.1	1,305.2	Infotech
Allied Digital Services	79.2	211.6	62.8	103.5	297.4	43.6	1,239.2	Infotech
Prime Property Devp Corp	86.4	185.3	48.1	394.7	105.4	32.5	120.2	Real Estate
Resurgere Mines & Minerals	81.0	561.4	100.2	32.8	403.0	66.6	733.5	Mining & Minerals
Sharon Bio-Medicine	93.3	254.2	30.8	747.8	171.0	17.8	101.7	Pharmaceuticals
Tanla Solutions	173.8	189.8	51.1	15.8	459.8	166.5	1,906.9	Infotech
Northgate Technologies	102.1	110.9	31.0	1,141.4	551.3	72.9	904.9	Infotech
Venus Remedies	84.4	117.5	43.2	59.5	213.6	42.2	316.9	Pharmaceuticals
Geodesic	98.9	98.2	31.1	1,027.3	316.4	148.6	1,511.5	Infotech
Info Edge (India)	70.6	451.8	60.4	11.4	218.9	55.5	2,056.7	Entertainment & Media
Omnitech Infosolutions	41.6	192.3	39.3	19.6	132.0	25.5	154.1	Infotech
Glodyne Technoserve	65.0	99.3	44.1	16.2	307.9	40.6	680.6	Infotech
Dhanuka Agritech	65.8	70.9	38.4	47.0	248.2	16.9	159.1	Pesticides & Agrochemicals
Vakrangee Softwares	87.4	159.9	26.8	40.5	223.9	49.7	386.4	Infotech
Prajay Engineers Syndicate	145.5	184.9	30.3	12.2	344.0	102.9	190.9	Real Estate
Esab India	22.2	38.0	107.4	586.7	343.0	53.6	653.3	Electrodes
Easun Reyrolle	56.1	92.0	39.1	17.4	194.9	25.3	179.2	Capital Goods
KLG Systel	95.5	174.7	23.2	35.2	273.0	52.6	409.6	Infotech
Eclerx Services	66.1	58.4	172.1	10.5	121.7	44.6	316.4	Infotech
Techno Electric & Engg	55.1	115.5	53.2	9.0	429.6	49.1	708.3	Construction
KCP	35.9	71.1	34.7	119.0	508.1	80.2	326.9	Cement & Cement Products
3M India	33.4	38.4	40.1	269.4	610.6	67.7	1,751.5	Trading
Kewal Kiran Clothing	82.8	78.4	34.9	15.0	159.6	21.1	216.7	Textiles
Himadri Chemicals & Inds	34.7	143.4	26.8	100.3	363.3	82.9	1,073.0	Mining & Minerals
Micro Technologies (India)	91.0	98.5	25.1	34.3	186.7	54.9	214.8	Infotech
Titagarh Wagons	72.8	102.3	43.5	7.7	559.6	60.6	1,252.6	Miscellaneous
Aurionpro Solutions	156.3	123.2	18.9	44.1	176.1	30.9	384.2	Infotech
Kirloskar Pneumatic	15.1	178.5	33.2	63.3	402.8	30.5	459.9	Capital Goods
Action Construction Equipment	66.7	98.1	49.9	7.4	406.4	34.0	531.5	Capital Goods
Deccan Cements	23.4	107.9	30.3	265.9	209.2	48.0	143.3	Cement & Cement Products
Paramount Communications	89.8	259.3	31.0	7.0	679.4	63.5	147.3	Cables
Karuturi Global	199.2	157.7	23.1	15.6	401.0	102.0	738.1	Floriculture & Horticulture
Gujarat Apollo Inds	58.4	104.3	25.5	38.6	249.6	45.1	174.9	Capital Goods
Page Industries	37.1	77.8	55.7	12.1	192.4	23.8	482.5	Textiles
Bharat Bijlee	31.8	37.7	65.6	25.9	562.4	72.5	724.6	Capital Goods
Balaji Telefilms	24.4	32.3	39.6	386.2	378.4	95.6	1,023.0	Entertainment & Media
Sagar Cements	53.0	125.6	31.5	9.9	223.1	33.0	453.3	Cement & Cement Products
Voltamp Transformers	47.1	74.8	70.5	7.3	555.4	79.9	763.3	Capital Goods
Nesco	54.6	80.7	107.7	5.7	105.4	36.7	627.5	Diversified
Nucleus Software Exports	40.9	43.8	36.8	31.6	288.7	61.7	477.1	Infotech
Aries Agro	38.8	130.9	37.6	9.0	103.4	13.2	145.0	Fertilisers
Hind Rectifiers	25.2	57.3	56.5	16.0	102.0	12.3	104.4	Consumer Durables
Torrent Cables	20.2	26.7	56.4	57.8	218.9	30.3	103.3	Cables
KNR Constructions	78.2	87.7	23.1	25.1	543.9	30.7	174.8	Construction
Om Metals Infraprojects	38.8	77.9	23.7	78.0	120.9	18.3	220.9	Steel
Maithan Alloys	31.2	25.1	33.3	132.4	378.4	39.2	259.8	Ferro Alloys
FCS Software Solutions	34.0	51.8	26.5	202.0	204.2	32.4	103.6	Infotech
Indo Tech Transformers	41.2	70.7	44.4	8.9	189.9	39.0	369.3	Capital Goods
Bilpower	80.1	80.1	27.3	11.4	344.9	24.2	166.5	Steel
Grindwell Norton	18.4	65.9	35.3	52.7	440.8	133.4	536.5	Abrasives
DS Kulkarni Developers	135.8	120.0	15.2	18.3	459.4	39.2	179.3	Real Estate
IFGL Refractories	49.6	33.6	28.1	33.9	378.0	28.5	166.5	Refractories
Autoline Industries	70.8	155.1	19.7	14.4	341.3	30.2	177.0	Auto Ancillaries
Manugraph India	37.8	26.0	48.3	12.1	648.4	59.1	249.5	Capital Goods
Prime Focus	93.7	51.8	30.5	7.8	227.4	28.8	526.0	Entertainment & Media
Ganesh Housing Corp	104.5	115.9	24.1	6.4	127.4	106.0	540.2	Real Estate
Automotive Axles	33.4	33.3	48.3	10.6	611.7	53.6	405.2	Auto Ancillaries
Brigade Enterprises	41.4	73.3	33.4	8.2	460.7	102.0	1,296.4	Real Estate
Banco Products (India)	30.0	59.3	28.4	30.3	298.9	43.3	223.0	Auto Ancillaries
TRF	30.7	115.7	42.1	5.8	446.3	39.7	361.9	Capital Goods
Oriental Hotels	21.8	41.5	24.2	510.9	245.5	53.1	406.7	Hospitality
Lloyd Electric & Engineering	39.3	75.9	17.1	64.7	668.2	60.4	220.8	Consumer Durables
Madras Aluminium Co	16.1	20.6	36.3	77.7	474.4	65.3	1,631.9	Metals
Tata Elxsi	29.3	26.2	64.4	9.4	402.0	52.9	467.7	Infotech
Kennametal India	16.6	19.4	38.4	55.4	357.2	42.3	518.4	Capital Goods
Texmaco	45.3	64.0	31.3	7.8	699.8	69.1	1,221.3	Capital Goods
Elgi Equipments	20.9	25.1	30.5	63.8	504.0	41.9	362.3	Capital Goods
Kavveri Telecom Products	104.1	124.7	20.5	6.0	157.9	12.4	108.9	Telecom Equipments
Hindustan Dorr-Oliver	54.0	173.4	20.3	8.5	306.0	22.9	324.2	Capital Goods
Zenith Infotech	62.9	118.7	22.2	7.6	130.7	40.2	328.5	Infotech
Panoramic Universal	93.6	73.0	15.5	15.6	131.9	33.8	314.8	Hospitality
Gemini Communication	49.3	80.4	30.2	6.3	236.1	27.5	319.8	Telecom Equipment
Emami	41.2	45.6	40.5	5.4	618.0	90.2	1,752.3	FMCG
Zandu Pharmaceutical Works	18.9	21.9	32.0	27.4	168.8	16.5	1,342.0	Pharmaceuticals
Ahmednagar Forgings	53.9	62.6	27.9	6.4	600.0	65.9	290.9	Casting & Forging
Shanthi Gears	26.1	32.2	27.9	22.2	244.1	44.2	591.2	Capital Goods
Gwalior Chemical Inds	29.4	23.9	20.2	333.0	294.9	25.0	210.0	Chemicals
Sarda Energy & Minerals	40.1	88.5	19.0	13.0	624.8	121.4	784.7	Steel
Ferro Alloys Corp	26.4	101.5	34.3	5.1	312.6	49.3	355.4	Ferro Alloys
Cranes Software Int'l	34.2	35.7	18.3	53.7	395.2	115.0	1,303.1	Infotech
Walchandnagar Industries	45.8	107.3	26.8	5.1	634.3	35.6	772.9	Capital Goods
Taj G V K Hotels & Resorts	30.6	47.2	38.9	6.0	257.5	70.4	530.1	Hospitality
Repro India	20.7	51.6	16.8	132.6	152.5	15.6	139.9	Office Equipment & Stationary
Jindal Drilling & Inds	60.0	27.1	20.3	14.6	412.8	18.4	1,570.5	Oil & Gas
Infotech Enterprises	37.9	46.2	21.6	11.7	674.1	85.6	1,161.6	Infotech
Aegis Logistics	47.8	43.2	28.7	5.4	389.3	38.4	295.0	Transport & Logistics
Phoenix Lamps	22.7	57.3	23.3	15.2	356.7	48.0	342.1	Auto Ancillaries
G M M Pfaudler	20.8	26.9	27.2	16.8	142.0	15.6	120.7	Capital Goods
R Systems International	23.1	335.3	16.4	9.3	247.1	19.0	109.9	Infotech
Bihar Caustic & Chemicals	17.3	23.0	23.8	45.5	174.3	49.3	149.0	Chemicals
Helios & Matheson Information Technology	48.5	36.4	28.8	5.2	400.7	47.2	111.9	Infotech
Tata Sponge Iron	24.6	16.2	26.0	20.4	465.7	95.5	299.8	Steel
Asian Hotels	25.8	73.2	27.0	6.5	513.5	132.6	899.8	Hospitality
Numeric Power Systems	35.7	46.6	29.1	5.3	426.0	42.6	267.2	Consumer Durables
Wanbury	47.8	40.8	18.1	9.4	233.5	19.6	117.7	Pharmaceuticals
Thomas Cook (India)	29.4	22.8	20.7	19.9	286.2	51.9	1,334.2	Hospitality
Vinati Organics	44.5	68.3	21.1	6.0	146.3	15.2	104.9	Pharmaceuticals
Royal Orchid Hotels	31.6	29.8	25.1	9.0	130.0	32.3	208.0	Hospitality
Ramkrishna Forgings	40.4	25.3	19.6	10.1	208.2	13.0	163.1	Casting & Forging
Natco Pharma	27.6	196.2	18.2	5.1	332.7	40.5	201.7	Pharmaceuticals
*Interest Coverage Ratio **Monthly Average for September '08 Source: ETIG Analysis, Capitaline