{
 "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": 0,
  "note": "Each year's figure is from that year's own study: the companies in the study, this year against last year for growth rates. Consecutive years are different samples; read the level of a rate across years, never a rupee level. Ratios in per cent except those marked times.",
  "latestPeriod": "2024-04"
 },
 "dates": [
  "2020-04-01",
  "2021-04-01",
  "2022-04-01",
  "2023-04-01",
  "2024-04-01"
 ],
 "series": {
  "current_liabilities": {
   "label": "Current liabilities",
   "unit": "pct",
   "data": [
    1.9,
    9.2,
    12.43,
    7.54,
    9.67
   ]
  },
  "interest_expenses": {
   "label": "Interest expenses",
   "unit": "pct",
   "data": [
    -5.8,
    9,
    12.38,
    16.87,
    8.75
   ]
  },
  "non_current_liabilities": {
   "label": "Non-current liabilities",
   "unit": "pct",
   "data": [
    10.7,
    9.5,
    10.16,
    9.97,
    12.14
   ]
  },
  "inventories": {
   "label": "Inventories",
   "unit": "pct",
   "data": [
    8.4,
    26.2,
    10.58,
    4.18,
    7.92
   ]
  },
  "profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "Profit before tax and non-operating surplus/ deficit",
   "unit": "pct",
   "data": [
    24,
    34.6,
    32.04,
    23.78,
    14.67
   ]
  },
  "total_gross_assets": {
   "label": "Total gross assets",
   "unit": "pct",
   "data": [
    7.6,
    11.4,
    11.86,
    9.96,
    11.91
   ]
  },
  "dividend_paid": {
   "label": "Dividend paid",
   "unit": "pct",
   "data": [
    115.1,
    13,
    43.66,
    -0.21,
    20.99
   ]
  },
  "total_borrowings": {
   "label": "Total borrowings",
   "unit": "pct",
   "data": [
    8.5,
    17.7,
    8.66,
    8.16,
    9.55
   ]
  },
  "operating_profit": {
   "label": "Operating profit",
   "unit": "pct",
   "data": [
    13.1,
    21.4,
    17.53,
    20.35,
    10.74
   ]
  },
  "borrowings_from_banks": {
   "label": "Borrowings from banks",
   "unit": "pct",
   "data": [
    -0.4,
    6.8,
    4.23,
    7.03,
    9.05
   ]
  },
  "net_sales": {
   "label": "Net sales",
   "unit": "pct",
   "data": [
    0.2,
    29.7,
    21.05,
    9.34,
    8.74
   ]
  },
  "net_worth": {
   "label": "Net worth",
   "unit": "pct",
   "data": [
    4.6,
    11.6,
    9.97,
    10.16,
    12.32
   ]
  },
  "value_of_production": {
   "label": "Value of production",
   "unit": "pct",
   "data": [
    0.3,
    30.9,
    20.24,
    9.14,
    9.06
   ]
  },
  "remuneration_to_employees": {
   "label": "Remuneration to employees",
   "unit": "pct",
   "data": [
    7.6,
    18.3,
    22.18,
    12.52,
    14
   ]
  },
  "profit_after_tax": {
   "label": "Profit after tax",
   "unit": "pct",
   "data": [
    270.3,
    107.6,
    45.24,
    15.03,
    22.23
   ]
  },
  "profit_retained": {
   "label": "Profit retained",
   "unit": "pct",
   "data": [
    null,
    null,
    44.91,
    60.71,
    23.01
   ]
  },
  "gross_saving": {
   "label": "Gross saving",
   "unit": "pct",
   "data": [
    13.5,
    61.6,
    14.86,
    20.22,
    16.02
   ]
  },
  "manufacturing_expenses": {
   "label": "Manufacturing expenses",
   "unit": "pct",
   "data": [
    -3.1,
    41.1,
    20.72,
    5.98,
    9.28
   ]
  },
  "net_fixed_assets": {
   "label": "Net fixed assets",
   "unit": "pct",
   "data": [
    3.6,
    3.8,
    11.77,
    5.37,
    9.36
   ]
  },
  "total_net_assets": {
   "label": "Total net assets",
   "unit": "pct",
   "data": [
    5.3,
    10.3,
    10.69,
    9.32,
    11.42
   ]
  },
  "profit_before_tax": {
   "label": "Profit before tax",
   "unit": "pct",
   "data": [
    82.5,
    65.1,
    33.39,
    18.02,
    17.94
   ]
  },
  "gross_value_added": {
   "label": "Gross value added",
   "unit": "pct",
   "data": [
    8.7,
    21.1,
    20.38,
    15.74,
    10.9
   ]
  },
  "non_current_assets": {
   "label": "Non-current assets",
   "unit": "pct",
   "data": [
    4,
    6.9,
    10.38,
    8.5,
    11.13
   ]
  },
  "gross_fixed_assets": {
   "label": "Gross fixed assets",
   "unit": "pct",
   "data": [
    8.9,
    8.3,
    13.79,
    8.26,
    11.29
   ]
  },
  "current_assets": {
   "label": "Current assets",
   "unit": "pct",
   "data": [
    6.7,
    15.3,
    11.24,
    10.3,
    11.86
   ]
  },
  "net_value_added": {
   "label": "Net value added",
   "unit": "pct",
   "data": [
    10.1,
    24.7,
    22.79,
    17.2,
    11.02
   ]
  },
  "non_current_borrowings": {
   "label": "Non-current borrowings",
   "unit": "pct",
   "data": [
    15.7,
    7.6,
    8.13,
    6.07,
    11.18
   ]
  },
  "total_income": {
   "label": "Total income",
   "unit": "pct",
   "data": [
    1.5,
    31.7,
    20.86,
    8.81,
    9.84
   ]
  },
  "operating_expenses": {
   "label": "Operating expenses",
   "unit": "pct",
   "data": [
    -1.6,
    32.4,
    20.68,
    7.77,
    9.07
   ]
  },
  "depreciation_provision": {
   "label": "Depreciation provision",
   "unit": "pct",
   "data": [
    2.2,
    5.6,
    7.76,
    6.1,
    9.82
   ]
  },
  "gross_profit_ebit": {
   "label": "Gross profit (EBIT)",
   "unit": "pct",
   "data": [
    13.7,
    26.1,
    26.44,
    22.14,
    13.6
   ]
  },
  "companies": {
   "label": "Number of companies in the study",
   "unit": "count",
   "data": [
    2059,
    2206,
    2272,
    2418,
    3100
   ]
  }
 }
}