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Mumbai: At least 66 companies from the BSE 500 index could potentially return ₹99,100 crore to shareholders based on their FY24 cash and cash equivalent levels, according to a study by corporate governance firm Institutional Investor Advisory Services (IiAS). HCL Technologies , Bharat Electronics , LTI Mindtree, Siemens , and Sun TV Network are the top five companies with the largest estimated excess cash reserves, said the report. The IiAS assessment, drawn from FY24 financial statements, also accounts for acquisitions and announced capital expenditures after the balance sheet date. Excess cash is the cash and cash equivalent a company holds beyond its immediate operational and other needs. This cash can be seen as surplus liquidity. Companies with excess cash exceeding ₹500 per share include Honeywell Automation , Bosch , and ZF Commercial Vehicle Control Systems. Firms with surplus cash exceeding 75% of their on-balance-sheet cash include Oracle Financial , ZF Commercial, Sun TV Network, Pfizer , Finolex Cables , Graphite India, and Abbott India. Agencies "Given the changed external environment, boards believe in the need to build a war chest for growth and resilience, while the question remains 'how much is enough?," IiAS said. "While these 66 companies have been returning cash to investors, the pace of cash build-up appears to be higher than the pace at which these companies are utilising or distributing cash." Stock Trading Value & Valuation Masterclass By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Company boards must consider returning the excess cash to shareholders in the form of dividends or buybacks, said the proxy advisory firm. (You can now subscribe to our ETMarkets WhatsApp channel )
After falling 62%, this leading ASX 200 share could be gearing up for growth!