The calculation excludes cross-holding of listed group cos in each other.
The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
Stock prices is due to valuation expansion
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
