{
 "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": 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": {
  "depreciation_provision": {
   "label": "Depreciation provision",
   "unit": "pct",
   "data": [
    4.8,
    5.7,
    10.8,
    9.8,
    9.9
   ]
  },
  "net_fixed_assets": {
   "label": "Net fixed assets",
   "unit": "pct",
   "data": [
    2.4,
    8,
    7.8,
    10.2,
    13
   ]
  },
  "operating_expenses": {
   "label": "Operating expenses",
   "unit": "pct",
   "data": [
    -1.2,
    34,
    20.4,
    8.9,
    10.6
   ]
  },
  "gross_value_added": {
   "label": "Gross value added",
   "unit": "pct",
   "data": [
    10.1,
    24.2,
    19,
    17.1,
    13.8
   ]
  },
  "total_net_assets": {
   "label": "Total net assets",
   "unit": "pct",
   "data": [
    5,
    14.5,
    10.3,
    12.8,
    12.9
   ]
  },
  "net_value_added": {
   "label": "Net value added",
   "unit": "pct",
   "data": [
    11.1,
    27.8,
    20.3,
    18.2,
    14.3
   ]
  },
  "operating_profit": {
   "label": "Operating profit",
   "unit": "pct",
   "data": [
    14.3,
    25.9,
    14.6,
    23.4,
    16.8
   ]
  },
  "net_sales": {
   "label": "Net sales",
   "unit": "pct",
   "data": [
    0.8,
    31.7,
    20.3,
    10.8,
    11.4
   ]
  },
  "gross_profit_ebit": {
   "label": "Gross profit (EBIT)",
   "unit": "pct",
   "data": [
    14.8,
    32.1,
    15.4,
    29.9,
    18.4
   ]
  },
  "dividend_paid": {
   "label": "Dividend paid",
   "unit": "pct",
   "data": [
    null,
    -1.7,
    35.9,
    4.3,
    13.8
   ]
  },
  "total_borrowings": {
   "label": "Total borrowings",
   "unit": "pct",
   "data": [
    9.1,
    17.8,
    7.7,
    11.9,
    11.5
   ]
  },
  "gross_fixed_assets": {
   "label": "Gross fixed assets",
   "unit": "pct",
   "data": [
    8,
    11.3,
    10.6,
    12.5,
    13.7
   ]
  },
  "non_current_assets": {
   "label": "Non-current assets",
   "unit": "pct",
   "data": [
    5.1,
    13,
    9.6,
    13.1,
    13.6
   ]
  },
  "profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "Profit before tax and non-operating surplus/ deficit",
   "unit": "pct",
   "data": [
    32.8,
    47.2,
    15.1,
    38.2,
    21.9
   ]
  },
  "borrowings_from_banks": {
   "label": "Borrowings from banks",
   "unit": "pct",
   "data": [
    10.1,
    10.6,
    7.9,
    12.2,
    13.6
   ]
  },
  "total_income": {
   "label": "Total income",
   "unit": "pct",
   "data": [
    0.9,
    32,
    19.8,
    10.9,
    11.5
   ]
  },
  "profit_after_tax": {
   "label": "Profit after tax",
   "unit": "pct",
   "data": [
    107.9,
    35.4,
    29.8,
    48.6,
    31.6
   ]
  },
  "profit_retained": {
   "label": "Profit retained",
   "unit": "pct",
   "data": [
    -26.3,
    110.4,
    -13.9,
    167.5,
    32.6
   ]
  },
  "non_current_borrowings": {
   "label": "Non-current borrowings",
   "unit": "pct",
   "data": [
    18.7,
    12.1,
    2.9,
    13.4,
    12.1
   ]
  },
  "total_gross_assets": {
   "label": "Total gross assets",
   "unit": "pct",
   "data": [
    7.2,
    15.2,
    11.1,
    13.4,
    13.2
   ]
  },
  "profit_before_tax": {
   "label": "Profit before tax",
   "unit": "pct",
   "data": [
    47.1,
    39.4,
    19.4,
    38.5,
    25.9
   ]
  },
  "net_worth": {
   "label": "Net worth",
   "unit": "pct",
   "data": [
    6.3,
    16.7,
    10.6,
    13.7,
    14.8
   ]
  },
  "current_assets": {
   "label": "Current assets",
   "unit": "pct",
   "data": [
    4.7,
    16.2,
    11.2,
    12.1,
    12
   ]
  },
  "inventories": {
   "label": "Inventories",
   "unit": "pct",
   "data": [
    3.5,
    21,
    11.1,
    8.5,
    7.9
   ]
  },
  "interest_expenses": {
   "label": "Interest expenses",
   "unit": "pct",
   "data": [
    -3.8,
    10,
    16.1,
    15.5,
    11.3
   ]
  },
  "gross_saving": {
   "label": "Gross saving",
   "unit": "pct",
   "data": [
    1,
    27.8,
    2.7,
    45.6,
    19.5
   ]
  },
  "current_liabilities": {
   "label": "Current liabilities",
   "unit": "pct",
   "data": [
    -3.7,
    14.1,
    14.8,
    10,
    9.9
   ]
  },
  "value_of_production": {
   "label": "Value of production",
   "unit": "pct",
   "data": [
    0.7,
    33.1,
    19.6,
    10.3,
    11.4
   ]
  },
  "manufacturing_expenses": {
   "label": "Manufacturing expenses",
   "unit": "pct",
   "data": [
    -1.4,
    40.2,
    19.2,
    6.8,
    10.7
   ]
  },
  "remuneration_to_employees": {
   "label": "Remuneration to employees",
   "unit": "pct",
   "data": [
    7.7,
    19.7,
    22.6,
    12.9,
    16
   ]
  },
  "non_current_liabilities": {
   "label": "Non-current liabilities",
   "unit": "pct",
   "data": [
    13.8,
    11.6,
    4.7,
    14.4,
    13.2
   ]
  },
  "companies": {
   "label": "Number of companies in the study",
   "unit": "count",
   "data": [
    9086,
    9659,
    10639,
    11317,
    15919
   ]
  }
 }
}