{
 "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 1179",
  "companyType": "Private limited companies",
  "statement": "Growth rates",
  "cut": null,
  "studies": [
   "2020-21",
   "2021-22",
   "2022-23",
   "2023-24",
   "2024-25"
  ],
  "coverage": "Private limited 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": {
  "depreciation_provision": {
   "label": "Depreciation provision",
   "unit": "pct",
   "data": [
    46.7,
    5.6,
    5,
    12.8,
    10.9
   ]
  },
  "net_fixed_assets": {
   "label": "Net fixed assets",
   "unit": "pct",
   "data": [
    14.2,
    5.4,
    7.6,
    10.3,
    13.8
   ]
  },
  "operating_expenses": {
   "label": "Operating expenses",
   "unit": "pct",
   "data": [
    2.2,
    2,
    33.4,
    22.4,
    9.9
   ]
  },
  "gross_value_added": {
   "label": "Gross value added",
   "unit": "pct",
   "data": [
    10.7,
    11.4,
    23.3,
    18.7,
    18
   ]
  },
  "total_net_assets": {
   "label": "Total net assets",
   "unit": "pct",
   "data": [
    11.5,
    9.2,
    14.4,
    12.6,
    15
   ]
  },
  "net_value_added": {
   "label": "Net value added",
   "unit": "pct",
   "data": [
    5.4,
    12.7,
    26.8,
    19.6,
    19.1
   ]
  },
  "operating_profit": {
   "label": "Operating profit",
   "unit": "pct",
   "data": [
    15.7,
    16.5,
    23.1,
    13.2,
    23.7
   ]
  },
  "net_sales": {
   "label": "Net sales",
   "unit": "pct",
   "data": [
    4.5,
    3.6,
    30.5,
    21.8,
    11.7
   ]
  },
  "gross_profit_ebit": {
   "label": "Gross profit (EBIT)",
   "unit": "pct",
   "data": [
    3.3,
    17,
    29.6,
    13.1,
    30.8
   ]
  },
  "dividend_paid": {
   "label": "Dividend paid",
   "unit": "pct",
   "data": [
    -21.8,
    194.8,
    -15.7,
    35.3,
    18.1
   ]
  },
  "total_borrowings": {
   "label": "Total borrowings",
   "unit": "pct",
   "data": [
    5.7,
    10.6,
    17.2,
    9.9,
    13.6
   ]
  },
  "gross_fixed_assets": {
   "label": "Gross fixed assets",
   "unit": "pct",
   "data": [
    18.6,
    10.5,
    10.9,
    12.8,
    14.9
   ]
  },
  "non_current_assets": {
   "label": "Non-current assets",
   "unit": "pct",
   "data": [
    13.4,
    9,
    12.4,
    11.6,
    17.3
   ]
  },
  "borrowings_from_banks": {
   "label": "Borrowings from banks",
   "unit": "pct",
   "data": [
    1.3,
    10.5,
    10.3,
    11.3,
    15.6
   ]
  },
  "profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "Profit before tax and non-operating surplus/ deficit",
   "unit": "pct",
   "data": [
    -18,
    35.9,
    44.4,
    12.3,
    39.2
   ]
  },
  "profit_after_tax": {
   "label": "Profit after tax",
   "unit": "pct",
   "data": [
    -37,
    null,
    35,
    35.3,
    51.9
   ],
   "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."
  },
  "non_current_borrowings": {
   "label": "Non-current borrowings",
   "unit": "pct",
   "data": [
    0.7,
    21.7,
    11,
    5.9,
    17
   ]
  },
  "total_income": {
   "label": "Total income",
   "unit": "pct",
   "data": [
    3.6,
    4.5,
    31.2,
    21.6,
    11.8
   ]
  },
  "profit_retained": {
   "label": "Profit retained",
   "unit": "pct",
   "data": [
    -58.9,
    null,
    null,
    -14.5,
    115.4
   ],
   "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."
  },
  "total_gross_assets": {
   "label": "Total gross assets",
   "unit": "pct",
   "data": [
    13.6,
    11,
    15,
    13.3,
    15.3
   ]
  },
  "profit_before_tax": {
   "label": "Profit before tax",
   "unit": "pct",
   "data": [
    -24.7,
    77.6,
    36.9,
    20.6,
    40.8
   ]
  },
  "net_worth": {
   "label": "Net worth",
   "unit": "pct",
   "data": [
    8.6,
    11.5,
    16.8,
    12.8,
    18.1
   ]
  },
  "current_assets": {
   "label": "Current assets",
   "unit": "pct",
   "data": [
    9.5,
    9.6,
    17,
    13.9,
    12.1
   ]
  },
  "inventories": {
   "label": "Inventories",
   "unit": "pct",
   "data": [
    4.9,
    7,
    20.4,
    13,
    8.1
   ]
  },
  "interest_expenses": {
   "label": "Interest expenses",
   "unit": "pct",
   "data": [
    41.1,
    -2.8,
    8.3,
    14.7,
    17
   ]
  },
  "gross_saving": {
   "label": "Gross saving",
   "unit": "pct",
   "data": [
    12.1,
    23.7,
    34.2,
    5.2,
    39.6
   ]
  },
  "current_liabilities": {
   "label": "Current liabilities",
   "unit": "pct",
   "data": [
    14.1,
    0.5,
    15.3,
    17.6,
    9.2
   ]
  },
  "value_of_production": {
   "label": "Value of production",
   "unit": "pct",
   "data": [
    3.4,
    3.7,
    32,
    21.2,
    11.2
   ]
  },
  "manufacturing_expenses": {
   "label": "Manufacturing expenses",
   "unit": "pct",
   "data": [
    -1.7,
    2,
    39,
    20.7,
    7.7
   ]
  },
  "remuneration_to_employees": {
   "label": "Remuneration to employees",
   "unit": "pct",
   "data": [
    12.5,
    10.2,
    20.3,
    22.8,
    14.3
   ]
  },
  "non_current_liabilities": {
   "label": "Non-current liabilities",
   "unit": "pct",
   "data": [
    12.9,
    16.6,
    10.1,
    7.1,
    17.7
   ]
  }
 }
}