{
 "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 1179",
  "companyType": "Private limited companies",
  "statement": "Growth rates",
  "cut": null,
  "studies": [
   "2011-12",
   "2012-13",
   "2013-14",
   "2014-15",
   "2015-16",
   "2016-17",
   "2017-18",
   "2018-19"
  ],
  "coverage": "Private limited companies: growth rates, from the RBI's annual studies (2011-12 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": [
  "2010-04-01",
  "2011-04-01",
  "2012-04-01",
  "2013-04-01",
  "2014-04-01",
  "2015-04-01",
  "2016-04-01",
  "2017-04-01"
 ],
 "series": {
  "interest": {
   "label": "Interest",
   "unit": "pct",
   "data": [
    16.8,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "total_earnings_in_foreign_currencies": {
   "label": "Total earnings in foreign currencies",
   "unit": "pct",
   "data": [
    25.6,
    20.8,
    null,
    3.7,
    19.1,
    -21.4,
    0.3,
    -15.1
   ],
   "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."
  },
  "interest_expenses": {
   "label": "Interest Expenses",
   "unit": "pct",
   "data": [
    null,
    37.9,
    18,
    11.6,
    10.4,
    8.9,
    7.3,
    10.8
   ]
  },
  "total_expenditure_in_foreign_currencies": {
   "label": "Total expenditure in foreign currencies",
   "unit": "pct",
   "data": [
    26.3,
    20.2,
    null,
    5.4,
    20.7,
    47.2,
    8.6,
    8.8
   ],
   "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."
  },
  "of_which_from_banks": {
   "label": "of which, from banks",
   "unit": "pct",
   "data": [
    8.3,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "trade_dues_and_other_current_liabilities": {
   "label": "Trade dues and other current liabilities",
   "unit": "pct",
   "data": [
    21.8,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "gross_physical_assets": {
   "label": "Gross physical assets",
   "unit": "pct",
   "data": [
    16.3,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "remuneration_to_employees": {
   "label": "Remuneration to employees",
   "unit": "pct",
   "data": [
    22.6,
    22.4,
    18.8,
    16.2,
    17.8,
    15.7,
    15.4,
    14.1
   ]
  },
  "depreciation_provision": {
   "label": "Depreciation provision",
   "unit": "pct",
   "data": [
    14.1,
    12.7,
    17,
    12.9,
    29.2,
    6.4,
    7.3,
    11.8
   ]
  },
  "net_physical_assets": {
   "label": "Net physical assets",
   "unit": "pct",
   "data": [
    15.3,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "Profit before tax and non-operating surplus/ deficit",
   "unit": "pct",
   "data": [
    24.5,
    9.9,
    14.3,
    22.7,
    18.9,
    22.4,
    27.1,
    21.7
   ]
  },
  "total_borrowings": {
   "label": "Total borrowings",
   "unit": "pct",
   "data": [
    19,
    17.8,
    22.7,
    19.3,
    10.1,
    11.4,
    8.3,
    7.7
   ]
  },
  "borrowings_from_banks": {
   "label": "Borrowings from banks",
   "unit": "pct",
   "data": [
    null,
    18,
    25.2,
    2.1,
    17.7,
    13.5,
    9,
    0
   ]
  },
  "net_fixed_assets": {
   "label": "Net fixed assets",
   "unit": "pct",
   "data": [
    10.6,
    12,
    26.4,
    10.1,
    13.8,
    10.1,
    9.1,
    6.3
   ]
  },
  "non_current_assets": {
   "label": "Non-current assets",
   "unit": "pct",
   "data": [
    null,
    19.3,
    14.3,
    10.9,
    10.1,
    9.6,
    8.2,
    7.5
   ]
  },
  "sales": {
   "label": "Sales",
   "unit": "pct",
   "data": [
    20.6,
    24.1,
    13.3,
    8.7,
    13.2,
    5.9,
    9.1,
    12.1
   ]
  },
  "non_operating_surplus_deficit": {
   "label": "Non-operating surplus / deficit",
   "unit": "pct",
   "data": [
    50.4,
    -60.3,
    null,
    -13.2,
    8.5,
    -1.9,
    -6.6,
    -6.1
   ],
   "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."
  },
  "of_which_imports": {
   "label": "of which, Imports",
   "unit": "pct",
   "data": [
    33.2,
    24.4,
    null,
    -1.2,
    18.2,
    42.1,
    8.8,
    -5.1
   ],
   "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."
  },
  "ebitda": {
   "label": "EBITDA",
   "unit": "pct",
   "data": [
    28.2,
    14.7,
    16,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "dividend_paid": {
   "label": "Dividend paid",
   "unit": "pct",
   "data": [
    20.7,
    -29.1,
    null,
    null,
    null,
    1.5,
    -37.5,
    42.8
   ],
   "gaps": [
    "2012-04-01",
    "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."
  },
  "gross_value_added": {
   "label": "Gross value added",
   "unit": "pct",
   "data": [
    20.4,
    19.4,
    16.3,
    20.1,
    18.1,
    15.1,
    15.3,
    15.4
   ]
  },
  "net_value_added": {
   "label": "Net value added",
   "unit": "pct",
   "data": [
    21.6,
    20.5,
    16.3,
    21.6,
    16.4,
    16.7,
    16.8,
    16
   ]
  },
  "current_assets": {
   "label": "Current assets",
   "unit": "pct",
   "data": [
    null,
    11.8,
    14.7,
    10.3,
    14.2,
    9.1,
    10.8,
    14
   ]
  },
  "total_gross_assets": {
   "label": "Total gross assets",
   "unit": "pct",
   "data": [
    18.4,
    15.7,
    14,
    11.1,
    9.4,
    11.5,
    8.6,
    12.3
   ]
  },
  "value_of_production": {
   "label": "Value of production",
   "unit": "pct",
   "data": [
    20.9,
    21.8,
    13.3,
    9.9,
    14,
    5.5,
    9.1,
    12.1
   ]
  },
  "tax_provision": {
   "label": "Tax provision",
   "unit": "pct",
   "data": [
    25.9,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "manufacturing_expenses": {
   "label": "Manufacturing Expenses",
   "unit": "pct",
   "data": [
    null,
    22.2,
    12.3,
    7.1,
    13.3,
    2.7,
    7.3,
    12.2
   ]
  },
  "profit_after_tax": {
   "label": "Profit After Tax",
   "unit": "pct",
   "data": [
    27.6,
    -15.8,
    16,
    23.6,
    19,
    19.6,
    17,
    23.5
   ]
  },
  "profit_retained": {
   "label": "Profit retained",
   "unit": "pct",
   "data": [
    30.1,
    -11.3,
    5.9,
    null,
    null,
    30.1,
    27,
    21.1
   ],
   "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."
  },
  "current_liabilities": {
   "label": "Current liabilities",
   "unit": "pct",
   "data": [
    null,
    17,
    17.4,
    12.4,
    12.6,
    8.8,
    9.6,
    15.3
   ]
  },
  "gross_fixed_assets": {
   "label": "Gross fixed assets",
   "unit": "pct",
   "data": [
    13.3,
    14.7,
    21,
    12,
    4.3,
    17.2,
    6.2,
    11.2
   ]
  },
  "total_net_assets": {
   "label": "Total net assets",
   "unit": "pct",
   "data": [
    18.2,
    15,
    14.5,
    10.6,
    12.3,
    9.3,
    9.6,
    10.9
   ]
  },
  "of_which_exports": {
   "label": "of which, Exports",
   "unit": "pct",
   "data": [
    25,
    28,
    null,
    -7.7,
    18.3,
    -38.2,
    -5.6,
    -26.5
   ],
   "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."
  },
  "operating_profit": {
   "label": "Operating profit",
   "unit": "pct",
   "data": [
    null,
    null,
    null,
    23,
    21.9,
    14.4,
    15.8,
    15.9
   ]
  },
  "net_worth": {
   "label": "Net worth",
   "unit": "pct",
   "data": [
    15.4,
    13.3,
    9.8,
    7.7,
    10.5,
    8.2,
    9.6,
    10.4
   ]
  },
  "non_current_liabilities": {
   "label": "Non-current liabilities",
   "unit": "pct",
   "data": [
    null,
    14.5,
    20.6,
    13.7,
    14.9,
    11.8,
    9.8,
    5.2
   ]
  },
  "long_term_borrowings": {
   "label": "Long term borrowings",
   "unit": "pct",
   "data": [
    null,
    13.1,
    21.6,
    18.2,
    12.6,
    12.7,
    9.8,
    5.3
   ]
  },
  "total_income": {
   "label": "Total Income",
   "unit": "pct",
   "data": [
    20.3,
    21.1,
    13.4,
    9.6,
    13.8,
    5.4,
    8.9,
    11.5
   ]
  },
  "operating_expenses": {
   "label": "Operating Expenses",
   "unit": "pct",
   "data": [
    20.2,
    22.5,
    13.1,
    8.8,
    13.2,
    5,
    8.8,
    11.2
   ]
  },
  "gross_saving": {
   "label": "Gross saving",
   "unit": "pct",
   "data": [
    21.6,
    1.5,
    9,
    11.6,
    null,
    11.1,
    14.6,
    15.1
   ],
   "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."
  },
  "gross_profit_ebit": {
   "label": "Gross profit (EBIT)",
   "unit": "pct",
   "data": [
    22.3,
    18.5,
    15.2,
    19,
    16.4,
    14,
    16,
    16.5
   ]
  },
  "profit_before_tax": {
   "label": "Profit before tax",
   "unit": "pct",
   "data": [
    27,
    -0.3,
    14.6,
    19.9,
    18,
    16,
    17.3,
    19.2
   ]
  },
  "inventories": {
   "label": "Inventories",
   "unit": "pct",
   "data": [
    25.8,
    13.7,
    16.5,
    14,
    14.2,
    8.4,
    8,
    7.1
   ]
  }
 }
}