Global Leverage Leaders

PJSC LUKOIL

Market Cap: ₽2.5t

PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas.

Oil Company Bashneft

Market Cap: ₽176.8b

Public Joint Stock Oil Company Bashneft engages in the development and implementation, exploration, production, and refining of oil reserves in Russia.

Raspadskaya

Market Cap: ₽198.1b

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining of coking coal.

Alkem Laboratories

Market Cap: ₹637.7b

A pharmaceutical company, engages in the research and development, manufacture, and sale of pharmaceutical and nutraceutical products in India, the United States, and internationally.

DLF

Market Cap: ₹1.4t

DLF is India's leading real estate developer and has close to eight decades of track record of sustained growth, customer satisfaction, and innovation.

Modon Holding PSC

Market Cap: د.إ50.3b

Engages in the real estate, hospitality, and investment activities in the United Arab Emirates and internationally.

MISC Berhad

Market Cap: RM 37.5b

Engages in ship ownership and operation, other activities related to shipping services, and the operation of offshore floating terminals in Malaysia, the United States, Asia, Africa, and Europe.

Qatar Aluminium Manufacturing Company Q.P.S.C

Market Cap: ر.ق7.9b

Through its subsidiaries, engages in the processing, manufacture, and sale of aluminum products in Qatar.

Vale Indonesia

Market Cap: Rp58.8t

Engages in the mining and processing of nickel in Indonesia.

Mesaieed Petrochemical Holding Company Q.P.S.C

Market Cap: ر.ق13.3b

Mesaieed Petrochemical Holding Company Q.P.S.C.

IOI Corporation Berhad

Market Cap: RM 25.2b

An investment holding company, primarily engages in the plantation business in Malaysia, Europe, North America, Asia, and internationally.

Dubai Financial Market P.J.S.C

Market Cap: د.إ11.4b

Provides investors and market participants with products and services for trading, clearing, settlement, and depository of securities.

Force Motors

Market Cap: ₹276.9b

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

Endurance Technologies

Market Cap: ₹327.5b

Manufactures and supplies automotive components for original equipment manufacturers in India and internationally.

Kalbe Farma

Market Cap: Rp44.6t

Develops, manufactures, and trades in pharmaceutical products in Indonesia.

Bumitama Agri

Market Cap: S$2.9b

An investment holding company, engages in the production and trading of crude palm oil (CPO) and palm kernel (PK) in Indonesia.

KEI Industries

Market Cap: ₹402.7b

Manufactures, markets, and sells wires and cables in India and internationally.

Sun Pharmaceutical Industries

Market Cap: ₹4.3t

A generic pharmaceutical company, develops, manufactures, and markets branded and generic formulations, and active pharmaceutical ingredients (APIs) in India, the United States, and internationally.

Aurobindo Pharma

Market Cap: ₹746.9b

A biopharmaceutical company, develops, manufactures, commercializes, and sells generic pharmaceuticals, active pharmaceutical ingredients (APIs), and injectables.

Hexaware Technologies

Market Cap: ₹248.7b

Provides information technology consulting, software development, and business process services worldwide.

United Spirits

Market Cap: ₹924.1b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Hero MotoCorp

Market Cap: ₹1.1t

Primarily engages in the manufacture and sale of motorised two wheelers in India, Asia, Central and Latin America, Africa, and the Middle East.

Luckin Coffee

Market Cap: US$11.1b

Offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China.

Formula Systems (1985)

Market Cap: ₪6.3b

Through its subsidiaries, provides proprietary and non-proprietary software solutions and information technologies (IT) professional services in Israel, the United States, Europe, Africa, Japan, and internationally.

JOYY

Market Cap: US$3.1b

Engages in the provision of social product matrix and communication technology.

Dorman Products

Market Cap: US$3.1b

Supplies replacement and upgrade parts for the motor vehicle aftermarket industry in the United States and internationally.

Plexus

Market Cap: US$5.2b

Provides electronic manufacturing services in the United States, the Asia-Pacific, Europe, the Middle East, and Africa.

F5

Market Cap: US$14.8b

Provides multicloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region.

Corporativo Fragua. de

Market Cap: Mex$49.3b

Operates pharmacy stores under the Superfarmacia name in Mexico.

Egypt Aluminum

Market Cap: ج.م127.3b

Produces, manufactures, markets, and distributes aluminum products.

Abercrombie & Fitch

Market Cap: US$3.9b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Valley National Bancorp

Market Cap: US$6.6b

Operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products.

CAVA Group

Market Cap: US$10.2b

Owns and operates a chain of restaurants under the CAVA brand in the United States.

Guardian Pharmacy Services

Market Cap: US$2.1b

A pharmacy service company, provides a suite of technology-enabled services to help residents of long-term health care facilities (LTCFs) in the United States.

ServiceTitan

Market Cap: US$6.7b

Provides an end-to-end cloud-based software platform in the United States and Canada.

Tenaris

Market Cap: €24.3b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.