{
 "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": 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": {
  "gross_saving": {
   "label": "Gross saving",
   "unit": "pct",
   "data": [
    96.3,
    48.8,
    -11.2,
    26.9,
    12.6
   ]
  },
  "profit_before_tax": {
   "label": "Profit before tax",
   "unit": "pct",
   "data": [
    78.8,
    68.1,
    -1.6,
    19.4,
    16.8
   ]
  },
  "profit_retained": {
   "label": "Profit retained",
   "unit": "pct",
   "data": [
    null,
    109,
    -27.2,
    47.3,
    15.1
   ]
  },
  "non_current_borrowings": {
   "label": "Non-current borrowings",
   "unit": "pct",
   "data": [
    2.4,
    1.1,
    3.4,
    11.2,
    3.9
   ]
  },
  "dividend_paid": {
   "label": "Dividend paid",
   "unit": "pct",
   "data": [
    -19,
    33.1,
    59.4,
    -12.8,
    31.4
   ]
  },
  "gross_value_added": {
   "label": "Gross value added",
   "unit": "pct",
   "data": [
    7,
    23.2,
    8.8,
    13.8,
    8.9
   ]
  },
  "manufacturing_expenses": {
   "label": "Manufacturing expenses",
   "unit": "pct",
   "data": [
    -7.6,
    51.7,
    19.4,
    1.6,
    9.5
   ]
  },
  "operating_expenses": {
   "label": "Operating expenses",
   "unit": "pct",
   "data": [
    -6.7,
    40.4,
    19.3,
    3.4,
    8.4
   ]
  },
  "profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "Profit before tax and non-operating surplus/ deficit",
   "unit": "pct",
   "data": [
    24.7,
    51.2,
    3.1,
    18.7,
    12.5
   ]
  },
  "net_value_added": {
   "label": "Net value added",
   "unit": "pct",
   "data": [
    8.2,
    27,
    8.5,
    14.7,
    8.8
   ]
  },
  "non_current_liabilities": {
   "label": "Non-current liabilities",
   "unit": "pct",
   "data": [
    2.6,
    4.7,
    8.5,
    11.4,
    6.4
   ]
  },
  "borrowings_from_banks": {
   "label": "Borrowings from banks",
   "unit": "pct",
   "data": [
    -13.2,
    2.5,
    6.1,
    7.1,
    8.9
   ]
  },
  "gross_fixed_assets": {
   "label": "Gross fixed assets",
   "unit": "pct",
   "data": [
    6.2,
    7.9,
    14.5,
    10,
    9.5
   ]
  },
  "total_net_assets": {
   "label": "Total net assets",
   "unit": "pct",
   "data": [
    5,
    11.1,
    8.7,
    8.9,
    11.2
   ]
  },
  "value_of_production": {
   "label": "Value of production",
   "unit": "pct",
   "data": [
    -3.8,
    38.4,
    16.5,
    5.1,
    8.2
   ]
  },
  "remuneration_to_employees": {
   "label": "Remuneration to employees",
   "unit": "pct",
   "data": [
    0.1,
    17.1,
    17.6,
    9.9,
    9
   ]
  },
  "depreciation_provision": {
   "label": "Depreciation provision",
   "unit": "pct",
   "data": [
    2.1,
    7.2,
    10.6,
    9.2,
    9.5
   ]
  },
  "total_gross_assets": {
   "label": "Total gross assets",
   "unit": "pct",
   "data": [
    6.7,
    11.5,
    9.8,
    9.8,
    11
   ]
  },
  "net_sales": {
   "label": "Net sales",
   "unit": "pct",
   "data": [
    -3.6,
    36.4,
    17.3,
    5.5,
    7.8
   ]
  },
  "total_income": {
   "label": "Total income",
   "unit": "pct",
   "data": [
    -2.3,
    39.2,
    16.4,
    5.3,
    8.8
   ]
  },
  "inventories": {
   "label": "Inventories",
   "unit": "pct",
   "data": [
    4.5,
    26.7,
    8.3,
    7,
    9.7
   ]
  },
  "interest_expenses": {
   "label": "Interest expenses",
   "unit": "pct",
   "data": [
    -3.3,
    -2.5,
    10.3,
    11.5,
    5.7
   ]
  },
  "net_worth": {
   "label": "Net worth",
   "unit": "pct",
   "data": [
    13.5,
    13.8,
    10.2,
    11.4,
    14.2
   ]
  },
  "net_fixed_assets": {
   "label": "Net fixed assets",
   "unit": "pct",
   "data": [
    1.6,
    5.1,
    13.9,
    7.7,
    9.2
   ]
  },
  "operating_profit": {
   "label": "Operating profit",
   "unit": "pct",
   "data": [
    12.7,
    29,
    3.6,
    15.3,
    8.4
   ]
  },
  "profit_after_tax": {
   "label": "Profit after tax",
   "unit": "pct",
   "data": [
    115.4,
    80.1,
    0.4,
    16.3,
    23.1
   ]
  },
  "total_borrowings": {
   "label": "Total borrowings",
   "unit": "pct",
   "data": [
    -4.2,
    16,
    3.1,
    6.5,
    5.2
   ]
  },
  "current_liabilities": {
   "label": "Current liabilities",
   "unit": "pct",
   "data": [
    -4,
    12.4,
    6.6,
    2.8,
    10
   ]
  },
  "non_current_assets": {
   "label": "Non-current assets",
   "unit": "pct",
   "data": [
    2.4,
    8.9,
    10.5,
    10.2,
    11
   ]
  },
  "current_assets": {
   "label": "Current assets",
   "unit": "pct",
   "data": [
    10.2,
    15.5,
    5.4,
    6.4,
    11.8
   ]
  },
  "gross_profit_ebit": {
   "label": "Gross profit (EBIT)",
   "unit": "pct",
   "data": [
    14.2,
    33.1,
    4.8,
    16.8,
    10.9
   ]
  },
  "companies": {
   "label": "Number of companies in the study",
   "unit": "count",
   "data": [
    7233,
    6973,
    7238,
    6955,
    7992
   ]
  }
 }
}