{
 "meta": {
  "dossier": "markets-companies",
  "source": "Reserve Bank of India, studies of company finances (DBIE, via the local Data Bank)",
  "vintage": "2026-10-10",
  "mock": false,
  "geo": "IND",
  "releaseDate": null,
  "revisionPolicy": "Each study is final for its own sample of companies; a later study re-measures the earlier year on a different sample, kept beside it, never chained.",
  "frequency": "annual",
  "base": "Old reporting format (studies 2011-12 to 2018-19)",
  "product": "DBIE report 1170",
  "companyType": "Foreign direct investment companies",
  "statement": "Growth rates",
  "cut": null,
  "studies": [
   "2012-13",
   "2013-14",
   "2014-15",
   "2015-16",
   "2016-17",
   "2017-18",
   "2018-19"
  ],
  "coverage": "Foreign direct investment companies: growth rates, from the RBI's annual studies (2012-13 to 2018-19 studies)",
  "unit": "pct",
  "studyOffset": 1,
  "note": "The figure for a year as re-measured in the study 1 year later, on that later study's sample. Kept apart from the year's own study (the bundle without -prior), never mixed.",
  "latestPeriod": "2017-04"
 },
 "dates": [
  "2011-04-01",
  "2012-04-01",
  "2013-04-01",
  "2014-04-01",
  "2015-04-01",
  "2016-04-01",
  "2017-04-01"
 ],
 "series": {
  "current_liabilities": {
   "label": "Current liabilities",
   "unit": "pct",
   "data": [
    21.6,
    11.6,
    15.8,
    11.6,
    10.5,
    13.8,
    13.7
   ]
  },
  "gross_saving": {
   "label": "Gross Saving",
   "unit": "pct",
   "data": [
    -6.8,
    7.5,
    9.1,
    null,
    31.7,
    14.6,
    14.4
   ],
   "gaps": [
    "2014-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "Profit before tax and non-operating surplus/deficit",
   "unit": "pct",
   "data": [
    -5.7,
    2.1,
    10.2,
    14.6,
    20.7,
    17.9,
    15.9
   ]
  },
  "gross_profit_ebit": {
   "label": "Gross profit (EBIT)",
   "unit": "pct",
   "data": [
    2,
    8.5,
    14.3,
    13.8,
    17.3,
    15.8,
    15.3
   ]
  },
  "research_and_development": {
   "label": "Research and Development",
   "unit": "pct",
   "data": [
    null,
    null,
    27.06,
    13.03,
    0.95,
    7.03,
    3.6
   ]
  },
  "of_which_exports": {
   "label": "of which, Exports",
   "unit": "pct",
   "data": [
    27.3,
    15.3,
    -1,
    12.1,
    -43,
    -58.4,
    -15.3
   ]
  },
  "sales": {
   "label": "Sales",
   "unit": "pct",
   "data": [
    17.7,
    14,
    11,
    13.8,
    8.7,
    12.1,
    11.2
   ]
  },
  "total_net_assets": {
   "label": "Total net assets",
   "unit": "pct",
   "data": [
    13.4,
    9.6,
    14,
    12.9,
    9.7,
    10.5,
    12.4
   ]
  },
  "inventories": {
   "label": "Inventories",
   "unit": "pct",
   "data": [
    10.4,
    8.3,
    17.7,
    12.4,
    8.5,
    13.6,
    8.7
   ]
  },
  "total_expenditure_in_foreign_currencies": {
   "label": "Total expenditure in foreign currencies",
   "unit": "pct",
   "data": [
    16.8,
    18.2,
    10,
    -3.7,
    26.3,
    -14,
    15.3
   ]
  },
  "non_current_assets": {
   "label": "Non-current assets",
   "unit": "pct",
   "data": [
    15.1,
    9.7,
    17.6,
    10.8,
    11.3,
    9.2,
    8.8
   ]
  },
  "borrowings_from_banks": {
   "label": "Borrowings from banks",
   "unit": "pct",
   "data": [
    15.3,
    9.1,
    6.4,
    -1.4,
    15.1,
    -6.3,
    5
   ]
  },
  "total_borrowings": {
   "label": "Total borrowings",
   "unit": "pct",
   "data": [
    18.6,
    11.2,
    23.1,
    1,
    9,
    1.5,
    2.7
   ]
  },
  "total_income": {
   "label": "Total Income",
   "unit": "pct",
   "data": [
    16.4,
    13.9,
    10.4,
    14,
    8.2,
    11.8,
    10.4
   ]
  },
  "current_assets": {
   "label": "Current assets",
   "unit": "pct",
   "data": [
    12.1,
    8.9,
    9,
    15.7,
    8.2,
    12.5,
    16.5
   ]
  },
  "royalty": {
   "label": "Royalty",
   "unit": "pct",
   "data": [
    null,
    null,
    13.1,
    16.52,
    23.79,
    18.31,
    7.8
   ]
  },
  "gross_value_added": {
   "label": "Gross Value Added",
   "unit": "pct",
   "data": [
    8.2,
    13.1,
    15.6,
    14.7,
    15.5,
    13.8,
    13.4
   ]
  },
  "dividend_paid": {
   "label": "Dividend paid",
   "unit": "pct",
   "data": [
    -0.9,
    23.8,
    null,
    null,
    -25.78,
    11.7,
    5.7
   ],
   "gaps": [
    "2013-04-01",
    "2014-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "interest_expenses": {
   "label": "Interest Expenses",
   "unit": "pct",
   "data": [
    42.4,
    28.8,
    29.4,
    10.2,
    11.8,
    13,
    13.5
   ]
  },
  "depreciation_provision": {
   "label": "Depreciation provision",
   "unit": "pct",
   "data": [
    16.6,
    19.7,
    21.4,
    17.8,
    4.4,
    4.8,
    8.5
   ]
  },
  "ebitda": {
   "label": "EBITDA",
   "unit": "pct",
   "data": [
    -0.2,
    10.4,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "total_gross_assets": {
   "label": "Total gross assets",
   "unit": "pct",
   "data": [
    14.2,
    11.3,
    15.3,
    10.9,
    7.6,
    10,
    13.6
   ]
  },
  "net_fixed_assets": {
   "label": "Net Fixed Assets",
   "unit": "pct",
   "data": [
    11.4,
    8,
    15.3,
    9.1,
    8.2,
    4.4,
    7.2
   ]
  },
  "profit_after_tax": {
   "label": "Profit After Tax",
   "unit": "pct",
   "data": [
    -16.2,
    6.3,
    11.8,
    12.2,
    7.4,
    20.7,
    14.5
   ]
  },
  "operating_expenses": {
   "label": "Operating Expenses",
   "unit": "pct",
   "data": [
    19.1,
    13.8,
    8.9,
    14,
    7.9,
    11.7,
    10.1
   ]
  },
  "value_of_production": {
   "label": "Value of production",
   "unit": "pct",
   "data": [
    16.6,
    13.3,
    10.2,
    14.2,
    8.7,
    11.9,
    10.9
   ]
  },
  "net_value_added": {
   "label": "Net Value Added",
   "unit": "pct",
   "data": [
    6.6,
    11.8,
    14.4,
    14.2,
    17.4,
    15.6,
    14.1
   ]
  },
  "manufacturing_expenses": {
   "label": "Manufacturing Expenses",
   "unit": "pct",
   "data": [
    19,
    14.3,
    6.3,
    14.5,
    1.2,
    18.9,
    15.9
   ]
  },
  "non_current_liabilities": {
   "label": "Non-current liabilities",
   "unit": "pct",
   "data": [
    11.5,
    9.7,
    11.2,
    12.6,
    4.4,
    1.9,
    7.4
   ]
  },
  "operating_profit": {
   "label": "Operating Profit",
   "unit": "pct",
   "data": [
    null,
    null,
    16.2,
    15.1,
    16.2,
    13.6,
    12.3
   ]
  },
  "gross_fixed_assets": {
   "label": "Gross Fixed Assets",
   "unit": "pct",
   "data": [
    13.8,
    11.9,
    18,
    6.6,
    3.7,
    4.8,
    11.6
   ]
  },
  "of_which_imports": {
   "label": "of which, Imports",
   "unit": "pct",
   "data": [
    14.2,
    16.2,
    8.2,
    -14.7,
    20.8,
    -47.8,
    -0.3
   ]
  },
  "net_worth": {
   "label": "Net worth",
   "unit": "pct",
   "data": [
    9.2,
    7.9,
    14.1,
    14.4,
    11.7,
    13.1,
    13.7
   ]
  },
  "profit_retained": {
   "label": "Profit Retained",
   "unit": "pct",
   "data": [
    -24.1,
    -6.2,
    null,
    null,
    117.65,
    33.9,
    21.7
   ],
   "gaps": [
    "2013-04-01",
    "2014-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "profit_before_tax": {
   "label": "Profit Before Tax",
   "unit": "pct",
   "data": [
    -11,
    7.4,
    11,
    13.2,
    11.3,
    15.2,
    13.2
   ]
  },
  "remuneration_to_employees": {
   "label": "Remuneration to employees",
   "unit": "pct",
   "data": [
    20.3,
    17,
    14,
    14.4,
    14.7,
    12.6,
    11.6
   ]
  },
  "non_operating_surplus_deficit": {
   "label": "Non-operating surplus / deficit",
   "unit": "pct",
   "data": [
    -298.2,
    null,
    31.9,
    -9.5,
    -1.2,
    11.6,
    -58
   ],
   "gaps": [
    "2012-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "long_term_borrowings": {
   "label": "Long term borrowings",
   "unit": "pct",
   "data": [
    13.4,
    9.7,
    17.8,
    10.9,
    8.6,
    2.7,
    2.9
   ]
  },
  "total_earnings_in_foreign_currencies": {
   "label": "Total earnings in foreign currencies",
   "unit": "pct",
   "data": [
    25.5,
    16.3,
    3.5,
    10.7,
    -25,
    14.7,
    1.1
   ]
  }
 }
}