{
 "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 1182",
  "companyType": "Public limited companies",
  "statement": "Financial ratios",
  "cut": null,
  "studies": [
   "2011-12",
   "2012-13",
   "2013-14",
   "2014-15",
   "2015-16",
   "2016-17",
   "2017-18",
   "2018-19"
  ],
  "coverage": "Public limited companies: financial ratios, 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": {
  "gross_profit_ebit_to_total_net_assets": {
   "label": "Gross profit (EBIT) to total net assets",
   "unit": "pct",
   "data": [
    9.1,
    8,
    8.5,
    12.5,
    9,
    5.1,
    4.7,
    7.6
   ]
  },
  "net_worth_to_total_net_assets": {
   "label": "Net worth to total net assets",
   "unit": "pct",
   "data": [
    45.5,
    43.8,
    43.8,
    44.6,
    42.6,
    42.5,
    44.6,
    41.5
   ]
  },
  "net_fixed_assets_to_total_net_assets": {
   "label": "Net fixed assets to total net assets",
   "unit": "pct",
   "data": [
    34,
    36.4,
    36.4,
    37.1,
    44,
    39.4,
    39.6,
    35.8
   ]
  },
  "gross_value_added_to_gross_fixed_assets": {
   "label": "Gross value added to gross fixed assets",
   "unit": "pct",
   "data": [
    35.6,
    32.1,
    31.2,
    48.2,
    26.4,
    23.9,
    23.7,
    31.3
   ]
  },
  "debt_to_equity": {
   "label": "Debt to equity",
   "unit": "pct",
   "data": [
    42,
    42.9,
    43.1,
    45.9,
    46.9,
    52.6,
    45.9,
    42.7
   ]
  },
  "cost_of_raw_materials_to_total_expenditure": {
   "label": "Cost of raw materials to total expenditure",
   "unit": "pct",
   "data": [
    null,
    60.1,
    58.9,
    58.9,
    60.4,
    52.1,
    49.1,
    58.1
   ]
  },
  "gross_profit_ebit_to_sales": {
   "label": "Gross profit (EBIT) to sales",
   "unit": "pct",
   "data": [
    13.2,
    11.6,
    11.6,
    19.1,
    12.3,
    9.1,
    9,
    13.2
   ]
  },
  "profit_after_tax_to_sales": {
   "label": "Profit after tax to sales",
   "unit": "pct",
   "data": [
    null,
    6.3,
    5.8,
    12.9,
    6.9,
    4.6,
    5,
    5.2
   ]
  },
  "profit_retained_to_profit_after_tax": {
   "label": "Profit retained to profit after tax",
   "unit": "pct",
   "data": [
    76.3,
    73,
    70.7,
    83.9,
    72.4,
    77.2,
    76.4,
    72
   ]
  },
  "sales_to_total_net_assets": {
   "label": "Sales to total net assets",
   "unit": "pct",
   "data": [
    74.3,
    73.4,
    76.7,
    69.5,
    76.1,
    59.3,
    54.4,
    59.4
   ]
  },
  "current_assets_to_total_net_assets": {
   "label": "Current assets to total net assets",
   "unit": "pct",
   "data": [
    48,
    39.4,
    41.2,
    37.3,
    41.9,
    36.3,
    35.8,
    34.8
   ]
  },
  "dividends_to_net_worth": {
   "label": "Dividends to net worth",
   "unit": "pct",
   "data": [
    3.1,
    2.9,
    3.1,
    3.6,
    4.2,
    3.8,
    3.7,
    3.2
   ]
  },
  "gross_fixed_assets_formation_to_total_uses_of_funds": {
   "label": "Gross fixed assets formation to total uses of funds",
   "unit": "pct",
   "data": [
    33.4,
    39.8,
    51,
    43.1,
    47.5,
    42.6,
    43.2,
    34.7
   ]
  },
  "sales_to_gross_fixed_assets": {
   "label": "Sales to gross fixed assets",
   "unit": "pct",
   "data": [
    148.7,
    152,
    144.5,
    169.4,
    115.1,
    112.1,
    106.2,
    122.2
   ]
  },
  "tax_provision_to_profit_before_tax": {
   "label": "Tax provision to profit before tax",
   "unit": "pct",
   "data": [
    24.2,
    22.1,
    21.4,
    15.5,
    20.2,
    16.5,
    16.8,
    26.2
   ]
  },
  "increase_in_bank_borrowings_to_total_external_sources": {
   "label": "Increase in bank borrowings to total external sources",
   "unit": "pct",
   "data": [
    18.8,
    24,
    20.3,
    22.1,
    9.6,
    11.6,
    -6.8,
    -2.7
   ]
  },
  "short_term_bank_borrowings_to_inventories": {
   "label": "Short term bank borrowings to inventories",
   "unit": "pct",
   "data": [
    81.1,
    58.4,
    23.9,
    29.6,
    39.7,
    61.2,
    61.3,
    60.1
   ]
  },
  "operating_profit_to_sales": {
   "label": "Operating Profit to sales",
   "unit": "pct",
   "data": [
    null,
    null,
    null,
    20,
    14.1,
    9.6,
    9.3,
    13.9
   ]
  },
  "interest_coverage_ratio_ebit_to_interest": {
   "label": "Interest coverage ratio (EBIT to interest)",
   "unit": "times",
   "data": [
    null,
    3.6,
    3.1,
    4.9,
    3.3,
    1.6,
    1.5,
    2.5
   ]
  },
  "current_assets_to_current_liabilities": {
   "label": "Current assets to current liabilities",
   "unit": "times",
   "data": [
    1.4,
    1.2,
    1.2,
    1.2,
    1.2,
    1.2,
    1.2,
    1
   ]
  },
  "remuneration_to_employees_to_total_expenditure": {
   "label": "Remuneration to employees to total expenditure",
   "unit": "pct",
   "data": [
    null,
    7.4,
    7.8,
    8.8,
    8.2,
    9.6,
    10.5,
    9.4
   ]
  },
  "gross_capital_formation_to_total_uses_of_funds": {
   "label": "Gross capital formation to total uses of funds",
   "unit": "pct",
   "data": [
    46.8,
    48.9,
    60.9,
    50.2,
    55.7,
    41.9,
    47.9,
    41.6
   ]
  },
  "quick_assets_to_current_liabilities": {
   "label": "Quick assets to current liabilities",
   "unit": "pct",
   "data": [
    64,
    58.4,
    53.7,
    44.8,
    43.4,
    43.8,
    40.3,
    49.5
   ]
  },
  "trade_payables_to_current_assets": {
   "label": "Trade payables to current assets",
   "unit": "pct",
   "data": [
    null,
    30.3,
    27.8,
    25.3,
    26.1,
    32.8,
    35.8,
    31.6
   ]
  },
  "profit_after_tax_to_net_worth": {
   "label": "Profit after tax to net worth",
   "unit": "pct",
   "data": [
    11.7,
    10,
    9.6,
    18.9,
    11.9,
    6.1,
    5.9,
    7.1
   ]
  },
  "interest_paid_to_total_expenditure": {
   "label": "Interest paid to total expenditure",
   "unit": "pct",
   "data": [
    null,
    3.3,
    3.9,
    4.4,
    4,
    5.6,
    5.9,
    5.5
   ]
  },
  "exports_to_sales": {
   "label": "Exports to sales",
   "unit": "pct",
   "data": [
    18.6,
    20.6,
    17.4,
    null,
    14.2,
    15.2,
    10.7,
    7.5
   ],
   "gaps": [
    "2013-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "total_borowings_to_equity": {
   "label": "Total borowings to equity",
   "unit": "pct",
   "data": [
    null,
    64.6,
    65.8,
    67.1,
    69.4,
    77,
    68.4,
    65.6
   ]
  },
  "trade_receivables_to_sales": {
   "label": "Trade receivables to sales",
   "unit": "pct",
   "data": [
    null,
    15.9,
    15.7,
    13.1,
    15.1,
    17.2,
    17.4,
    15.6
   ]
  },
  "gross_savings_to_gross_capital_formation": {
   "label": "Gross savings to gross capital formation",
   "unit": "pct",
   "data": [
    80.8,
    85,
    73.1,
    148.1,
    140.7,
    94.7,
    77.4,
    99.3
   ]
  },
  "external_sources_of_funds_to_total_sources_of_funds": {
   "label": "External sources of funds to total sources of funds",
   "unit": "pct",
   "data": [
    63.7,
    58.7,
    53.7,
    67.7,
    57.9,
    82.6,
    64.8,
    51.6
   ]
  },
  "inventories_to_sales": {
   "label": "Inventories to sales",
   "unit": "pct",
   "data": [
    17,
    16.4,
    15.8,
    14,
    15.9,
    16.5,
    16.7,
    14.9
   ]
  },
  "raw_materials_consumed_to_value_of_production": {
   "label": "Raw materials consumed to value of production",
   "unit": "pct",
   "data": [
    56.4,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "cash_and_cash_equivalents_to_total_uses_of_funds": {
   "label": "Cash and Cash Equivalents to Total Uses of Funds",
   "unit": "pct",
   "data": [
    null,
    null,
    null,
    0.32,
    30.9,
    -2.6,
    -2.5,
    null
   ]
  },
  "ebitda_to_sales": {
   "label": "EBITDA to sales",
   "unit": "pct",
   "data": [
    11.7,
    10.5,
    13,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "ordinary_dividends_to_ordinary_paid_up_capital": {
   "label": "Ordinary dividends to ordinary paid-up capital",
   "unit": "pct",
   "data": [
    35.6,
    33.6,
    32.6,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "sundry_creditors_to_net_working_capital": {
   "label": "Sundry creditors to net working capital",
   "unit": "pct",
   "data": [
    83.5,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "sundry_debtors_to_sales": {
   "label": "Sundry debtors to sales",
   "unit": "pct",
   "data": [
    15.8,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "total_outside_liabilities_to_net_worth": {
   "label": "Total outside liabilities to net worth",
   "unit": "pct",
   "data": [
    119.9,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "sundry_creditors_to_current_assets": {
   "label": "Sundry creditors to current assets",
   "unit": "pct",
   "data": [
    23.4,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "debt_to_equity_equity_adjusted_for_revaluation_reserve": {
   "label": "Debt to equity (equity adjusted for revaluation reserve)",
   "unit": "pct",
   "data": [
    42.8,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  }
 }
}