{
 "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 1173",
  "companyType": "Public limited companies",
  "statement": "Growth rates",
  "cut": null,
  "studies": [
   "2020-21",
   "2021-22",
   "2022-23",
   "2023-24",
   "2024-25"
  ],
  "coverage": "Public 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": {
  "gross_saving": {
   "label": "Gross saving",
   "unit": "pct",
   "data": [
    -36,
    117.1,
    46.1,
    -10.9,
    28.1
   ]
  },
  "profit_before_tax": {
   "label": "Profit before tax",
   "unit": "pct",
   "data": [
    -39.7,
    113.1,
    64.1,
    -0.9,
    18.7
   ]
  },
  "profit_retained": {
   "label": "Profit retained",
   "unit": "pct",
   "data": [
    -111.4,
    null,
    100,
    -27,
    48.3
   ],
   "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": [
    6.1,
    8.4,
    1.3,
    6.3,
    11.2
   ]
  },
  "dividend_paid": {
   "label": "Dividend paid",
   "unit": "pct",
   "data": [
    28.2,
    -19.6,
    32.5,
    59.2,
    -15.9
   ]
  },
  "gross_value_added": {
   "label": "Gross value added",
   "unit": "pct",
   "data": [
    2.1,
    8.9,
    22.7,
    9.1,
    13.8
   ]
  },
  "operating_expenses": {
   "label": "Operating expenses",
   "unit": "pct",
   "data": [
    -3.5,
    -5.4,
    38.8,
    19.7,
    4.3
   ]
  },
  "profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "Profit before tax and non-operating surplus/ deficit",
   "unit": "pct",
   "data": [
    -13.1,
    27.6,
    48.7,
    4,
    18.8
   ]
  },
  "net_value_added": {
   "label": "Net value added",
   "unit": "pct",
   "data": [
    -1.6,
    10.2,
    26.3,
    8.9,
    14.6
   ]
  },
  "non_current_liabilities": {
   "label": "Non-current liabilities",
   "unit": "pct",
   "data": [
    13.3,
    7.5,
    4.6,
    10.8,
    11.2
   ]
  },
  "borrowings_from_banks": {
   "label": "Borrowings from banks",
   "unit": "pct",
   "data": [
    0.8,
    -12.2,
    2.6,
    10,
    8.1
   ]
  },
  "manufacturing_expenses": {
   "label": "Manufacturing expenses",
   "unit": "pct",
   "data": [
    -6.2,
    -6,
    50.1,
    20.1,
    2.7
   ]
  },
  "gross_fixed_assets": {
   "label": "Gross fixed assets",
   "unit": "pct",
   "data": [
    11.3,
    7.9,
    5.9,
    14.3,
    10.5
   ]
  },
  "value_of_production": {
   "label": "Value of production",
   "unit": "pct",
   "data": [
    -3,
    -2.2,
    37,
    17,
    5.8
   ]
  },
  "remuneration_to_employees": {
   "label": "Remuneration to employees",
   "unit": "pct",
   "data": [
    8.4,
    1.5,
    16.5,
    17.5,
    10.7
   ]
  },
  "total_net_assets": {
   "label": "Total net assets",
   "unit": "pct",
   "data": [
    6.3,
    6.4,
    10.3,
    9,
    9.1
   ]
  },
  "depreciation_provision": {
   "label": "Depreciation provision",
   "unit": "pct",
   "data": [
    22,
    3.6,
    6.8,
    9.9,
    9.6
   ]
  },
  "total_gross_assets": {
   "label": "Total gross assets",
   "unit": "pct",
   "data": [
    8,
    8,
    10,
    10,
    10
   ]
  },
  "total_income": {
   "label": "Total income",
   "unit": "pct",
   "data": [
    -4.5,
    -0.1,
    37.6,
    16.8,
    5.9
   ]
  },
  "net_sales": {
   "label": "Net sales",
   "unit": "pct",
   "data": [
    -2.1,
    -2.1,
    35.1,
    17.8,
    6.3
   ]
  },
  "interest_expenses": {
   "label": "Interest expenses",
   "unit": "pct",
   "data": [
    6.9,
    1.1,
    -2.4,
    9.2,
    9.1
   ]
  },
  "inventories": {
   "label": "Inventories",
   "unit": "pct",
   "data": [
    -1.6,
    5,
    24.3,
    8.8,
    7.3
   ]
  },
  "operating_profit": {
   "label": "Operating profit",
   "unit": "pct",
   "data": [
    0,
    15.6,
    28.3,
    4.2,
    15.3
   ]
  },
  "net_worth": {
   "label": "Net worth",
   "unit": "pct",
   "data": [
    1.9,
    14,
    12.6,
    10.2,
    12.2
   ]
  },
  "net_fixed_assets": {
   "label": "Net fixed assets",
   "unit": "pct",
   "data": [
    8.2,
    3.5,
    4.7,
    13.8,
    8.4
   ]
  },
  "gross_profit_ebit": {
   "label": "Gross profit (EBIT)",
   "unit": "pct",
   "data": [
    -6.5,
    17.3,
    31.9,
    5.3,
    16.3
   ]
  },
  "profit_after_tax": {
   "label": "Profit after tax",
   "unit": "pct",
   "data": [
    -46.4,
    164,
    74.9,
    1.1,
    15.3
   ]
  },
  "total_borrowings": {
   "label": "Total borrowings",
   "unit": "pct",
   "data": [
    5.3,
    -0.6,
    16.6,
    5,
    6
   ]
  },
  "current_liabilities": {
   "label": "Current liabilities",
   "unit": "pct",
   "data": [
    7.8,
    -4.6,
    11.6,
    5.8,
    2.5
   ]
  },
  "non_current_assets": {
   "label": "Non-current assets",
   "unit": "pct",
   "data": [
    9,
    4.2,
    8.2,
    10.7,
    10.3
   ]
  },
  "current_assets": {
   "label": "Current assets",
   "unit": "pct",
   "data": [
    2.1,
    11.1,
    14.5,
    5.9,
    6.8
   ]
  }
 }
}