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.
Ranked
| Rank | Company | Sector | Promises Tracked | Delivered % | Quarters Covered |
|---|---|---|---|---|---|
| #1 | Aarti Pharmalabs | Diversified | 6 | 67% | 3 |
| #2 | Bluestone Jewellery | Consumer | 6 | 50% | 3 |
| #3 | Varun Beverages | Consumer | 11 | 36% | 10 |
| #4 | Ajanta Pharma | Diversified | 27 | 26% | 12 |
| #5 | Escorts Kubota | Diversified | 8 | 25% | 8 |
| #6 | Hero MotoCorp | Diversified | 27 | 22% | 12 |
| #7 | Canara Bank | Diversified | 21 | 19% | 12 |
| #8 | Adani Total Gas | Diversified | 12 | 17% | 8 |
| #9 | Grasim | Diversified | 12 | 17% | 11 |
| #10 | ICICI Bank | Financial Services | 27 | 11% | 12 |
| #11 | Bajaj Finance | Financial Services | 12 | 8% | 7 |
| #12 | Hindalco Industries | Diversified | 12 | 8% | 11 |
| #13 | Indian Energy Exchange | Energy | 12 | 8% | 11 |
| #14 | Maruti Suzuki | Diversified | 15 | 7% | 12 |
| #15 | Bajaj Auto | Automobile | 31 | 6% | 12 |
Tracking in progress
These companies have fewer than 5 tracked promises. Rankings will appear as more quarters are processed. Companies outside the current top 15 are also kept unranked until the leaderboard expands.
| Company | Sector | Promises Tracked | Delivered % | Quarters Covered |
|---|---|---|---|---|
| Aptus Value Housing | Financial Services | 3 | 100% | 2 |
| Aditya Birla Lifestyle Brands | Diversified | 2 | 100% | 2 |
| Artemis Medicare Services | Healthcare | 2 | 100% | 2 |
| Computer Age Management | Diversified | 2 | 100% | 2 |
| Amber Enterprises India | Diversified | 1 | 100% | 2 |
| Anupam Rasayan India | Diversified | 1 | 100% | 2 |
| Ashok Leyland | Diversified | 1 | 100% | 3 |
| Chambal Fertilisers | Manufacturing | 1 | 100% | 2 |
| City Union Bank | Financial Services | 1 | 100% | 2 |
| EPACK Durable | Diversified | 1 | 100% | 2 |
| Patel Integrated Logistics | Infrastructure | 1 | 100% | 2 |
| Religare Enterprises | Diversified | 1 | 100% | 2 |
| Aavas Financiers | Diversified | 4 | 50% | 3 |
| Aegis Logistics | Diversified | 2 | 50% | 3 |
| Apcotex Industries | Diversified | 2 | 50% | 2 |
| Avalon Technologies | Information Technology | 2 | 50% | 2 |
| Baazar Style Retail | Consumer | 3 | 33% | 3 |
| Capri Global Capital | Financial Services | 3 | 33% | 4 |
| Bharti Airtel | Diversified | 18 | 6% | 12 |
| Coromandel International | Diversified | 17 | 6% | 12 |
| Bajaj Finserv | Diversified | 22 | 5% | 12 |
| Mahindra & Mahindra | Diversified | 25 | 4% | 12 |
| HUL | Consumer | 31 | 3% | 12 |
| Larsen & Toubro | Diversified | 31 | 0% | 12 |
| Berger Paints (I) | Diversified | 28 | 0% | 12 |
| State Bank of India | Diversified | 27 | 0% | 11 |
| JSW Steel | Manufacturing | 25 | 0% | 12 |
| SBI Life Insurance Company | Diversified | 25 | 0% | 12 |
| Dabur | Consumer | 24 | 0% | 12 |
| Reliance | Conglomerate | 24 | 0% | 12 |
| Tata Consumer Products | Diversified | 24 | 0% | 12 |
| Wipro | Diversified | 24 | 0% | 12 |
| Titan | Diversified | 23 | 0% | 12 |
| Asianpaint | Consumer | 22 | 0% | 11 |
| Bank of Baroda | Diversified | 22 | 0% | 8 |
| DLF | Diversified | 22 | 0% | 12 |
| Bandhan Bank | Diversified | 21 | 0% | 12 |
| Biocon | Diversified | 21 | 0% | 12 |
| Tata Steel | Diversified | 21 | 0% | 11 |
| TCS | Information Technology | 19 | 0% | 12 |
| Aurobindo Pharma | Diversified | 18 | 0% | 11 |
| Kalyan Jewellers | Consumer | 18 | 0% | 12 |
| Sunpharma | Healthcare | 18 | 0% | 11 |
| Apar Industries | Diversified | 17 | 0% | 11 |
| Astral | Diversified | 17 | 0% | 11 |
| HCLTech | Information Technology | 17 | 0% | 12 |
| NTPC | Diversified | 17 | 0% | 8 |
| Adani Enterprises | Diversified | 16 | 0% | 12 |
| Adani Ports | Infrastructure | 16 | 0% | 12 |
| AU Small Finance Bank | Diversified | 16 | 0% | 12 |
| Bharat Petroleum Corporation | Diversified | 16 | 0% | 9 |
| Kotak Mahindra Bank | Diversified | 16 | 0% | 12 |
| Aditya Birla Capital | Diversified | 15 | 0% | 12 |
| Alkem Laboratories | Diversified | 15 | 0% | 11 |
| Cipla | Healthcare | 15 | 0% | 12 |
| Dr. Reddy's Laboratories | Diversified | 15 | 0% | 12 |
| Eicher Motors | Diversified | 15 | 0% | 11 |
| Tata Motors | Automobile | 15 | 0% | 9 |
| Britannia | Consumer | 14 | 0% | 12 |
| Kfin Technologies | Financial Services | 14 | 0% | 9 |
| Tech Mahindra | Information Technology | 14 | 0% | 11 |
| UltraTech Cement | Diversified | 14 | 0% | 12 |
| Bata India | Diversified | 13 | 0% | 6 |
| Infosys | Diversified | 13 | 0% | 12 |
| Aditya Birla Fashion and Retail | Diversified | 12 | 0% | 11 |
| Ashok Leyland | Diversified | 12 | 0% | 11 |
| Bharat Electronics | Diversified | 12 | 0% | 7 |
| Coforge | Information Technology | 12 | 0% | 12 |
| Federal Bank | Banking | 12 | 0% | 7 |
| Power Grid Corporation | Energy | 12 | 0% | 11 |
| Apollo Hospitals Enterprise | Healthcare | 11 | 0% | 11 |
| ABB India | Diversified | 10 | 0% | 9 |
| Adani Green Energy | Diversified | 10 | 0% | 12 |
| Axis Bank | Banking | 10 | 0% | 11 |
| Bosch | Diversified | 10 | 0% | 11 |
| Dixon Technologies (India) | Diversified | 10 | 0% | 11 |
| Bajaj Housing Finance | Diversified | 9 | 0% | 7 |
| Divi's Laboratories | Diversified | 9 | 0% | 10 |
| ABB India | Diversified | 8 | 0% | 4 |
| Ajanta Pharma | Healthcare | 8 | 0% | 3 |
| Apollo Tyres | Diversified | 8 | 0% | 5 |
| Blue Dart | Logistics | 8 | 0% | 8 |
| Carborundum Universal | Diversified | 8 | 0% | 3 |
| Delhivery | Diversified | 8 | 0% | 8 |
| HDFC Bank | Banking | 8 | 0% | 7 |
| Adani Power | Energy | 7 | 0% | 8 |
| Container of India | Diversified | 7 | 0% | 4 |
| Cummins India | Diversified | 7 | 0% | 7 |
| AIA Engineering | Diversified | 6 | 0% | 11 |
| Apar Industries | Diversified | 6 | 0% | 3 |
| Bank of Maharashtra | Financial Services | 6 | 0% | 3 |
| Century Plyboards (India) | Diversified | 6 | 0% | 3 |
| DOMS Industries | Diversified | 6 | 0% | 3 |
| Exide Industries | Diversified | 6 | 0% | 5 |
| Oil & Natural Gas Corporation | Diversified | 6 | 0% | 10 |
| Aditya Birla Real | Infrastructure | 5 | 0% | 3 |
| Affle 3i | Diversified | 5 | 0% | 3 |
| Apl Apollo Tubes | Diversified | 5 | 0% | 3 |
| Brigade Enterprises | Diversified | 5 | 0% | 4 |
| Castrol India | Diversified | 5 | 0% | 4 |
| Devyani International | Diversified | 5 | 0% | 3 |
| Everest Kanto Cylinder | Diversified | 5 | 0% | 3 |
| Aadhar Housing Finance | Financial Services | 4 | 0% | 2 |
| Aditya Birla Sun | Healthcare | 4 | 0% | 2 |
| Alivus Life Sciences | Diversified | 4 | 0% | 3 |
| Astra Microwave Products | Diversified | 4 | 0% | 3 |
| AU Small Finance | Financial Services | 4 | 0% | 3 |
| Awfis Space Solutions | Diversified | 4 | 0% | 2 |
| Bajaj Finserv | Diversified | 4 | 0% | 3 |
| Bank of Baroda | Financial Services | 4 | 0% | 2 |
| Campus Activewear | Diversified | 4 | 0% | 3 |
| Canara HSBC Life | Financial Services | 4 | 0% | 3 |
| CCL Products | Diversified | 4 | 0% | 4 |
| Cello World | Diversified | 4 | 0% | 3 |
| Central Depository Services (India) | Diversified | 4 | 0% | 11 |
| Coal India | Diversified | 4 | 0% | 3 |
| Colgate Palmolive (India) | Diversified | 4 | 0% | 2 |
| Corona Remedies | Diversified | 4 | 0% | 3 |
| Data Patterns (India) | Diversified | 4 | 0% | 3 |
| Elecon Engineering | Diversified | 4 | 0% | 3 |
| Entero Healthcare Solutions | Diversified | 4 | 0% | 3 |
| Eureka Forbes | Diversified | 4 | 0% | 3 |
| Adani Energy Solutions | Energy | 3 | 0% | 2 |
| Alembic Pharmaceuticals | Diversified | 3 | 0% | 2 |
| Allied Blenders and Distillers | Diversified | 3 | 0% | 3 |
| Amara Raja Energy & Mobility | Diversified | 3 | 0% | 3 |
| Apollo Hospitals Enterprise | Healthcare | 3 | 0% | 3 |
| Arisinfra Solutions | Infrastructure | 3 | 0% | 2 |
| Arvind Fashions | Consumer | 3 | 0% | 3 |
| Avanti Feeds | Diversified | 3 | 0% | 2 |
| Azad Engineering | Diversified | 3 | 0% | 3 |
| Balkrishna Industries | Diversified | 3 | 0% | 2 |
| Bank of India | Financial Services | 3 | 0% | 2 |
| Bcl Industries | Diversified | 3 | 0% | 2 |
| Bhagyanagarindia | Diversified | 3 | 0% | 2 |
| Birlasoft | Information Technology | 3 | 0% | 3 |
| Blue Star | Diversified | 3 | 0% | 3 |
| Brigade Hotel Ventures | Diversified | 3 | 0% | 3 |
| Canara Bank | Financial Services | 3 | 0% | 2 |
| Carraro India | Diversified | 3 | 0% | 4 |
| Central Bank of | Financial Services | 3 | 0% | 2 |
| Centum Electronics | Diversified | 3 | 0% | 2 |
| Cera Sanitaryware | Diversified | 3 | 0% | 2 |
| CG Power | Energy | 3 | 0% | 3 |
| Cms Info Systems | Information Technology | 3 | 0% | 2 |
| Concord Enviro Systems | Diversified | 3 | 0% | 2 |
| Coromandel International | Diversified | 3 | 0% | 3 |
| Divi's Laboratories | Diversified | 3 | 0% | 2 |
| Dixon Technologies | Information Technology | 3 | 0% | 3 |
| Dodla Dairy | Diversified | 3 | 0% | 3 |
| Dr Lal Path | Diversified | 3 | 0% | 2 |
| E2E Networks | Information Technology | 3 | 0% | 2 |
| EID Parry India | Diversified | 3 | 0% | 2 |
| Elin Electronics | Diversified | 3 | 0% | 2 |
| Emami | Diversified | 3 | 0% | 2 |
| EPL | Diversified | 3 | 0% | 2 |
| Escorts Kubota | Diversified | 3 | 0% | 3 |
| Eternal | Diversified | 3 | 0% | 2 |
| Exide Industries | Diversified | 3 | 0% | 3 |
| Fedbank Financial Services | Financial Services | 3 | 0% | 2 |
| Galaxy Surfactants | Diversified | 3 | 0% | 2 |
| Orient Green Power | Energy | 3 | 0% | 2 |
| PPAP Automotive | Manufacturing | 3 | 0% | 2 |
| The Anup Engineering | Diversified | 3 | 0% | 2 |
| Unicommerce eSolutions | Diversified | 3 | 0% | 2 |
| 360 One Wam | Diversified | 2 | 0% | 2 |
| Aarti Drugs | Diversified | 2 | 0% | 3 |
| Aarti Industries | Diversified | 2 | 0% | 2 |
| Adani Green Energy | Energy | 2 | 0% | 2 |
| Adani Total Gas | Energy | 2 | 0% | 2 |
| ADF Foods | Consumer | 2 | 0% | 2 |
| Aditya Birla Capital | Financial Services | 2 | 0% | 3 |
| Advanced Enzyme Technologies | Healthcare | 2 | 0% | 2 |
| Aegis Vopak Terminals | Diversified | 2 | 0% | 2 |
| Aeroflex Industries | Diversified | 2 | 0% | 2 |
| Alkem Laboratories | Diversified | 2 | 0% | 4 |
| Allcargo Logistics | Diversified | 2 | 0% | 3 |
| Apollo Pipes | Diversified | 2 | 0% | 3 |
| Archean Chemical Industries | Manufacturing | 2 | 0% | 3 |
| Atlanta Electricals | Manufacturing | 2 | 0% | 2 |
| Aurum PropTech | Information Technology | 2 | 0% | 2 |
| AWL Agri Business | Diversified | 2 | 0% | 2 |
| Aye Finance | Financial Services | 2 | 0% | 2 |
| Bajaj Housing Finance | Financial Services | 2 | 0% | 3 |
| Balrampur Chini Mills | Diversified | 2 | 0% | 3 |
| Bansal Wire Industries | Diversified | 2 | 0% | 2 |
| Best Agrolife | Diversified | 2 | 0% | 2 |
| Bharat Forge | Manufacturing | 2 | 0% | 4 |
| Bharti Airtel | Diversified | 2 | 0% | 2 |
| Black Box | Diversified | 2 | 0% | 2 |
| Borosil Renewables | Energy | 2 | 0% | 2 |
| Brainbees Solutions | Diversified | 2 | 0% | 2 |
| BSE | Diversified | 2 | 0% | 2 |
| Canara Robeco Asset | Financial Services | 2 | 0% | 1 |
| Capital Small Finance | Financial Services | 2 | 0% | 2 |
| CarTrade Tech | Information Technology | 2 | 0% | 2 |
| CEAT | Diversified | 2 | 0% | 2 |
| Cemindia Projects | Diversified | 2 | 0% | 2 |
| Chemplast Sanmar | Diversified | 2 | 0% | 2 |
| CIE Automotive India | Manufacturing | 2 | 0% | 2 |
| Craftsman Automation | Manufacturing | 2 | 0% | 2 |
| CSB Bank | Financial Services | 2 | 0% | 2 |
| Cyient DLM | Diversified | 2 | 0% | 2 |
| Dalmia Bharat | Diversified | 2 | 0% | 3 |
| Dar Credit | Financial Services | 2 | 0% | 2 |
| DB | Diversified | 2 | 0% | 2 |
| DCW | Diversified | 2 | 0% | 2 |
| Deepak Nitrite | Diversified | 2 | 0% | 2 |
| Deepakfrtlsrsandptrchmcl | Diversified | 2 | 0% | 2 |
| DiGiSPICE Technologies | Diversified | 2 | 0% | 2 |
| Divgi Torqtransfer Systems | Diversified | 2 | 0% | 2 |
| Dr. Agarwal's Health Care | Diversified | 2 | 0% | 2 |
| eClerx Services | Diversified | 2 | 0% | 2 |
| EFC (I) | Diversified | 2 | 0% | 2 |
| Eicher Motors | Diversified | 2 | 0% | 2 |
| Eldeco Housing And Industries | Diversified | 2 | 0% | 2 |
| eMudhra | Diversified | 2 | 0% | 2 |
| Endurance Technologies | Information Technology | 2 | 0% | 3 |
| Enviro Infra Engineers | Diversified | 2 | 0% | 2 |
| Equitas Small Finance | Financial Services | 2 | 0% | 3 |
| Eveready Industries India | Diversified | 2 | 0% | 1 |
| Fabtech Technologies | Information Technology | 2 | 0% | 2 |
| Felix Industries | Diversified | 2 | 0% | 2 |
| GE Power India | Energy | 2 | 0% | 2 |
| Hindustan Aeronautics | Diversified | 2 | 0% | 2 |
| Lupin | Diversified | 2 | 0% | 2 |
| PNGS Gargi Fashion | Consumer | 2 | 0% | 2 |
| RBZ Jewellers | Diversified | 2 | 0% | 2 |
| Shakti Pumps | Diversified | 2 | 0% | 2 |
| Signatureglobal | Diversified | 2 | 0% | 2 |
| Sundrop Brands | Diversified | 2 | 0% | 2 |
| Sutlej Textiles | Diversified | 2 | 0% | 2 |
| Acme Solar Holdings | Energy | 1 | 0% | 2 |
| Acutaas Chemicals | Manufacturing | 1 | 0% | 2 |
| Adani Enterprises | Diversified | 1 | 0% | 2 |
| Aditya Birla Fashion and Retail | Diversified | 1 | 0% | 4 |
| Aether Industries | Diversified | 1 | 0% | 2 |
| Afcons Infrastructure | Diversified | 1 | 0% | 2 |
| AIA Engineering | Diversified | 1 | 0% | 2 |
| Akums Drugs | Healthcare | 1 | 0% | 2 |
| Alicon Castalloy | Diversified | 1 | 0% | 2 |
| Ambuja Cements | Manufacturing | 1 | 0% | 2 |
| Anand Rathi Share | Diversified | 1 | 0% | 3 |
| Anand Rathi Wealth | Financial Services | 1 | 0% | 2 |
| Angel one | Diversified | 1 | 0% | 3 |
| Apeejay Surrendra Park Hotels | Diversified | 1 | 0% | 2 |
| Apollo Micro Systems | Diversified | 1 | 0% | 2 |
| Arkade Developers | Diversified | 1 | 0% | 2 |
| Arman Financial Services | Diversified | 1 | 0% | 2 |
| Arvind | Diversified | 1 | 0% | 2 |
| Ashapura Minechem | Diversified | 1 | 0% | 2 |
| Bandhan Bank | Financial Services | 1 | 0% | 2 |
| Berger Paints India | Manufacturing | 1 | 0% | 2 |
| Billionbrains Garage Ventures | Diversified | 1 | 0% | 2 |
| Birla | Diversified | 1 | 0% | 1 |
| Can Fin Homes | Diversified | 1 | 0% | 1 |
| Caplin Point Laboratories | Diversified | 1 | 0% | 2 |
| CE Info Systems | Information Technology | 1 | 0% | 2 |
| Ceigall India | Diversified | 1 | 0% | 2 |
| Choice International | Diversified | 1 | 0% | 2 |
| Cholamandalam Financial Holdings | Diversified | 1 | 0% | 1 |
| CL Educate | Diversified | 1 | 0% | 2 |
| Cochin Shipyard | Diversified | 1 | 0% | 2 |
| Cohance Lifesciences | Healthcare | 1 | 0% | 3 |
| CreditAccess Grameen | Financial Services | 1 | 0% | 1 |
| Cummins India | Diversified | 1 | 0% | 2 |
| Cyient | Diversified | 1 | 0% | 3 |
| DCB Bank | Financial Services | 1 | 0% | 2 |
| DCM Shriram | Diversified | 1 | 0% | 2 |
| Ddev Plastiks Industries | Diversified | 1 | 0% | 2 |
| Deepak Builders & Engineers India | Diversified | 1 | 0% | 2 |
| Deepak Builders & Engineers India | Diversified | 1 | 0% | 3 |
| Digitide Solutions | Diversified | 1 | 0% | 2 |
| Dynamic Cables | Diversified | 1 | 0% | 1 |
| EDELWEISS FINANCIAL SERVICES | Diversified | 1 | 0% | 2 |
| Emcure Pharmaceuticals | Healthcare | 1 | 0% | 3 |
| Emmvee Photovoltaic Power | Energy | 1 | 0% | 2 |
| Ems | Diversified | 1 | 0% | 2 |
| EPack Prefab Technologies | Diversified | 1 | 0% | 2 |
| ESAF Small Finance | Financial Services | 1 | 0% | 2 |
| Fairchem Organics | Diversified | 1 | 0% | 2 |
| INOX India | Diversified | 1 | 0% | 2 |
| Kanpur Plastipack | Diversified | 1 | 0% | 2 |
| Petronet LNG | Diversified | 1 | 0% | 2 |
| Sanjivani Paranteral | Diversified | 1 | 0% | 2 |
| Sejal Glass | Diversified | 1 | 0% | 2 |
| Vedant Fashions | Consumer | 1 | 0% | 2 |
| Vijaya Diagnostic Centre | Diversified | 1 | 0% | 2 |