{
 "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": "Ind AS format (studies 2020-21 on)",
  "product": "DBIE report 1170",
  "companyType": "Foreign direct investment companies",
  "statement": "Growth rates",
  "cut": null,
  "studies": [
   "2020-21",
   "2021-22",
   "2022-23",
   "2023-24",
   "2024-25"
  ],
  "coverage": "Foreign direct investment companies: growth rates, from the RBI's annual studies (2020-21 to 2024-25 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": "2023-04"
 },
 "dates": [
  "2019-04-01",
  "2020-04-01",
  "2021-04-01",
  "2022-04-01",
  "2023-04-01"
 ],
 "series": {
  "current_liabilities": {
   "label": "Current liabilities",
   "unit": "pct",
   "data": [
    11.1,
    0.7,
    10.21,
    12.19,
    4.61
   ]
  },
  "interest_expenses": {
   "label": "Interest expenses",
   "unit": "pct",
   "data": [
    32.5,
    -4.6,
    9.37,
    11.15,
    18.62
   ]
  },
  "non_current_liabilities": {
   "label": "Non-current liabilities",
   "unit": "pct",
   "data": [
    26.7,
    14,
    8.86,
    7.81,
    15.78
   ]
  },
  "inventories": {
   "label": "Inventories",
   "unit": "pct",
   "data": [
    -0.5,
    9.9,
    26.34,
    8.64,
    2.46
   ]
  },
  "profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "Profit before tax and non-operating surplus/ deficit",
   "unit": "pct",
   "data": [
    -19.4,
    26.2,
    32.22,
    28.37,
    23.99
   ]
  },
  "dividend_paid": {
   "label": "Dividend paid",
   "unit": "pct",
   "data": [
    -10.5,
    80.2,
    3.93,
    41.84,
    -5.75
   ]
  },
  "total_borrowings": {
   "label": "Total borrowings",
   "unit": "pct",
   "data": [
    4,
    9.5,
    18.55,
    4.31,
    13.52
   ]
  },
  "total_gross_assets": {
   "label": "Total gross assets",
   "unit": "pct",
   "data": [
    12.6,
    8.9,
    10.97,
    11.71,
    11.9
   ]
  },
  "operating_profit": {
   "label": "Operating profit",
   "unit": "pct",
   "data": [
    5.8,
    13.6,
    20.33,
    15.34,
    22.13
   ]
  },
  "borrowings_from_banks": {
   "label": "Borrowings from banks",
   "unit": "pct",
   "data": [
    -1.5,
    -3.1,
    9.29,
    3.52,
    15.43
   ]
  },
  "net_sales": {
   "label": "Net sales",
   "unit": "pct",
   "data": [
    1.3,
    2,
    28.61,
    20.32,
    9.44
   ]
  },
  "net_worth": {
   "label": "Net worth",
   "unit": "pct",
   "data": [
    1.4,
    6.5,
    10.61,
    11.67,
    14.51
   ]
  },
  "value_of_production": {
   "label": "Value of production",
   "unit": "pct",
   "data": [
    null,
    2.4,
    29.83,
    19.34,
    9.12
   ]
  },
  "remuneration_to_employees": {
   "label": "Remuneration to employees",
   "unit": "pct",
   "data": [
    11.7,
    9.6,
    18,
    21.68,
    13.23
   ]
  },
  "profit_after_tax": {
   "label": "Profit after tax",
   "unit": "pct",
   "data": [
    -76.6,
    null,
    98.95,
    46.75,
    19.62
   ],
   "gaps": [
    "2020-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "profit_retained": {
   "label": "Profit retained",
   "unit": "pct",
   "data": [
    -161.2,
    null,
    null,
    55.39,
    70.6
   ],
   "gaps": [
    "2020-04-01",
    "2021-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "gross_saving": {
   "label": "Gross saving",
   "unit": "pct",
   "data": [
    -30.6,
    63.2,
    67.98,
    17.4,
    29.38
   ]
  },
  "manufacturing_expenses": {
   "label": "Manufacturing expenses",
   "unit": "pct",
   "data": [
    -4.9,
    -0.7,
    40.08,
    19.04,
    6.38
   ]
  },
  "net_fixed_assets": {
   "label": "Net fixed assets",
   "unit": "pct",
   "data": [
    15.7,
    5.2,
    3.31,
    9.69,
    9.86
   ]
  },
  "total_net_assets": {
   "label": "Total net assets",
   "unit": "pct",
   "data": [
    9.6,
    6.6,
    9.95,
    10.76,
    11.6
   ]
  },
  "profit_before_tax": {
   "label": "Profit before tax",
   "unit": "pct",
   "data": [
    -50.8,
    null,
    60.21,
    32.48,
    21.72
   ],
   "gaps": [
    "2020-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "gross_value_added": {
   "label": "Gross value added",
   "unit": "pct",
   "data": [
    6.7,
    9.5,
    20.41,
    19.54,
    15.91
   ]
  },
  "non_current_assets": {
   "label": "Non-current assets",
   "unit": "pct",
   "data": [
    12.3,
    6,
    6.11,
    10.05,
    13.21
   ]
  },
  "gross_fixed_assets": {
   "label": "Gross fixed assets",
   "unit": "pct",
   "data": [
    20.7,
    10.5,
    7.74,
    12.13,
    11.21
   ]
  },
  "current_assets": {
   "label": "Current assets",
   "unit": "pct",
   "data": [
    6.2,
    7.5,
    15.69,
    11.83,
    9.75
   ]
  },
  "net_value_added": {
   "label": "Net value added",
   "unit": "pct",
   "data": [
    1.3,
    11,
    23.85,
    21.47,
    17.05
   ]
  },
  "non_current_borrowings": {
   "label": "Non-current borrowings",
   "unit": "pct",
   "data": [
    6.1,
    19.3,
    7.41,
    4.02,
    16.27
   ]
  },
  "total_income": {
   "label": "Total income",
   "unit": "pct",
   "data": [
    -1.8,
    5,
    30.53,
    20.26,
    9.02
   ]
  },
  "operating_expenses": {
   "label": "Operating expenses",
   "unit": "pct",
   "data": [
    -0.5,
    0.5,
    31.35,
    19.96,
    7.74
   ]
  },
  "depreciation_provision": {
   "label": "Depreciation provision",
   "unit": "pct",
   "data": [
    41.4,
    3.6,
    5.11,
    8.18,
    6.56
   ]
  },
  "gross_profit_ebit": {
   "label": "Gross profit (EBIT)",
   "unit": "pct",
   "data": [
    -6.8,
    14.1,
    24.8,
    23.81,
    22.98
   ]
  }
 }
}