Tehran Stock Exchange - Economic Sectors

Economic Sectors

See also: Economic sectors in Iran, Industry of Iran, and List of Iranian companies

2007: There were 324 companies listed on the TSE with a total market capitalization (MC) of US$42,452 million. Close to 60% of the MC relates to listed companies from the following sectors:

• Basic Metals,
• Motor Vehicles and Trailers,
• Chemicals and By-Products,
• Non-Metallic Minerals Products.

A total of 161 companies from these sectors are listed on the TSE, which translates to 49.7% of total companies listed. Largest stocks include:

• Mobarakeh Steel Co. with MC of US$3,218 million, which translates to 7.6% of MC,
• National Iranian Copper Industries Company (Persian: Sanaye Mese Iran) at 6.8% of MC,
• SAIPA at 5.3% of MC.

2008: other companies in the top spots included:

• Gol Gohar Iron Ore Company ($2.1 billion MC),
• Chadormalu Mining and Industrial Company ($2 billion),
• Kharg Petrochemical Company (over $1 billion),
• Ghadir petrochemical companies (over $1 billion),
• Khouzestan Steel Company (over $1 billion),
• Power Plant Projects Management Company (MAPNA) (over $1 billion),
• Retirement Investment Firm (over $1 billion),
• Iran Khodro (over $1 billion),
• Metal and Mine Investment Companies (over $1 billion).

This indicates that the capital market in Tehran is heavily concentrated on four economic sectors with companies that make up nearly half of the total listed companies on the exchange. While 163 companies listed are spread out amongst 26 sectors, with the "Food and Beverages Sector" alone accounts to 32 companies at a market capitalization of US$897.5 million. Studies show that in 2008 about 30 firms, involved in 11 industries, hold close to 75% of shares in Tehran Stock Exchange.

2009: A comparison of the top 100 Iranian companies and the Fortune 500 in 2009 indicated that the gross profit margins of the top 100 Iranian companies were almost double those of the Fortune 500. For Fortune 500 companies, the average gross profit margin was 6.9% and for the Iranian companies, it was 13%. The sector with the highest profit margin among the top 100 Iranian companies in 2009 is mining, with a margin of 58%. The mining companies in the Fortune 500 had a gross profit margin of 11%. After mining, other industries with highest margins are base metals, and telecommunications.

2011: The best performing industries in 2011, in terms of total sales, were the banking and automotive sectors. The worst performers were home appliances and electronics. In terms of gross profit margin, mining, telecommunications, and oil and gas exploration & production were the best performing industries. Sales totals of the top 100 Iranian companies on the list ranged from $12.8 billion or the top ranking company, Iran Khodro, to $318 million for the 100th company.

2012: Companies showing the most profit, are mostly in pharmaceutical, petrochemical and steel businesses. The sharp decline of the Rial in 2012 has made exports more competitive. Other favoured companies are state-owned industrial companies that rely on a mostly domestic supply chain, turning locally-produced raw materials into products targeting Iranian consumers.

Top 10 Companies by Market Capitalization – May 2012

	Name	Market Cap. (million $)	% of Total MC
1.	Telecommunication Company of Iran	9,702	9.31
2.	National Iranian Copper Industries Company	6,572	6.31
3.	Mobarakeh Steel Company	6,164	5.91
4.	Ghadir Investment Company	3,942	3.78
5.	Bank Pasargad	3,573	3.43
6.	Gol Gohar Iron Ore Company	3,194	3.06
7.	Khouzestan Steel Company	3,064	2.94
8.	Omid Investment Corporation	2,908	2.79
9.	Pardis Petrochemical Company	2,773	2.66
10.	Bank Mellat	2,737	2.63
	Total	44,629	42.82