Management Credibility Rankings — Indian Listed Companies
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
| Rank | Company | Sector | Promises Tracked | Delivered % | Quarters Covered |
|---|---|---|---|---|---|
| #1 | Patel Integrated Logistics | Infrastructure | 1 | 100% | 2 |
| #2 | Religare Enterprises | Diversified | 1 | 100% | 2 |
| #3 | Grasim | Diversified | 12 | 17% | 11 |
| #4 | ICICI Bank | Financial Services | 27 | 11% | 12 |
| #5 | Bajaj Finance | Financial Services | 12 | 8% | 7 |
| #6 | Maruti | Diversified | 15 | 7% | 12 |
| #7 | Bajajfinsv | Diversified | 22 | 5% | 12 |
| #8 | HUL | Consumer | 26 | 4% | 10 |
| #9 | SBI Life Insurance Company | Diversified | 25 | 0% | 12 |
| #10 | Sbin | Diversified | 25 | 0% | 10 |
| #11 | TATA CONSUMER PRODUCTS | Diversified | 24 | 0% | 11 |
| #12 | Asianpaint | Consumer | 22 | 0% | 11 |
| #13 | TCS | Information Technology | 19 | 0% | 12 |
| #14 | Sunpharma | Healthcare | 18 | 0% | 11 |
| #15 | Adani Ports | Infrastructure | 16 | 0% | 12 |
| #16 | Bharat Petroleum Corporation | Diversified | 16 | 0% | 9 |
| #17 | Reliance | Conglomerate | 16 | 0% | 8 |
| #18 | Cipla | Healthcare | 15 | 0% | 12 |
| #19 | Powergrid | Energy | 12 | 0% | 11 |
| #20 | Apollo Hospitals Enterprise | Healthcare | 11 | 0% | 11 |
| #21 | Britannia | Consumer | 11 | 0% | 9 |
| #22 | Techm | Information Technology | 11 | 0% | 9 |
| #23 | Mahindra & Mahindra | Diversified | 10 | 0% | 5 |
| #24 | Ntpc | Diversified | 10 | 0% | 5 |
| #25 | Divislab | Diversified | 9 | 0% | 10 |
| #26 | HCLTech | Information Technology | 7 | 0% | 4 |
| #27 | Infy | Diversified | 7 | 0% | 4 |
| #28 | HDFC Bank | Banking | 4 | 0% | 4 |
| #29 | Ongc | Diversified | 4 | 0% | 9 |
| #30 | ABB India | Diversified | 3 | 0% | 2 |
| #31 | EPL | Diversified | 3 | 0% | 2 |
| #32 | Orient Green Power | Energy | 3 | 0% | 2 |
| #33 | PPAP Automotive | Manufacturing | 3 | 0% | 2 |
| #34 | Unicommerce eSolutions | Diversified | 3 | 0% | 2 |
| #35 | Aye Finance | Financial Services | 2 | 0% | 2 |
| #36 | CIE Automotive India | Manufacturing | 2 | 0% | 2 |
| #37 | Coalindia | Diversified | 2 | 0% | 2 |
| #38 | GE Power India | Energy | 2 | 0% | 2 |
| #39 | Lupin | Diversified | 2 | 0% | 2 |
| #40 | PNGS Gargi Fashion | Consumer | 2 | 0% | 2 |
| #41 | Shakti Pumps | Diversified | 2 | 0% | 1 |
| #42 | Signatureglobal | Diversified | 2 | 0% | 1 |
| #43 | Sundrop Brands | Diversified | 2 | 0% | 2 |
| #44 | Sutlej Textiles and | Diversified | 2 | 0% | 2 |
| #45 | Ultracemco | Diversified | 2 | 0% | 1 |
| #46 | Alicon Castalloy | Diversified | 1 | 0% | 2 |
| #47 | INOX India | Diversified | 1 | 0% | 2 |
| #48 | Kanpur Plastipack | Diversified | 1 | 0% | 2 |
| #49 | Petronet LNG | Diversified | 1 | 0% | 2 |
| #50 | Sejal Glass | Diversified | 1 | 0% | 2 |
| #51 | Vedant Fashions | Consumer | 1 | 0% | 2 |
| #52 | Vijaya Diagnostic Centre | Diversified | 1 | 0% | 2 |