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Mumbai, Dec. 28 After the global meltdown in commodity prices in 2008, future may belong to companies that use commodities in a big way, said a Motilal Oswal wealth creation study (2003-2008).

Companies dealing in commodities created maximum wealth for the shareholders during 2003-2008, according to the study. “The global meltdown post-March 2008 clearly suggests that going forward, dominance of commodities may give way to that of users of commodities,” said the report.

“Five out of top 10 wealth creators are commodity companies, accounting for over 30 per cent of the total wealth created”, a survey of the companies during the past five years has indicated.

The top five commodity companies were Reliance Industries, ONGC, NMDC, MMTC and SAIL.

Among the industries, oil & gas and metals dominated the wealth created with a combined share of 40 per cent.

The study also lists the biggest, the fastest and the most consistent wealth creators in the last five years.

Reliance Industries, ONGC and Bharti Airtel topped the list of the biggest wealth creators, the study added. Infosys, Hero Honda and Ranbaxy Laboratories were the most consistent wealth creators, it said.

The study stated that the market has bottomed out at Sensex levels of 7,700, and the stage is set for a 30-40 per cent recovery. Sustenance of the recovery will depend on stability in corporate profit and revival. However, the corporate profit boom of the past five years is unlikely to continue.

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