{
 "meta": {
  "dossier": "markets-listed",
  "source": "Reserve Bank of India, DBIE, via the Reserve Bank Innovation Hub's data service",
  "vintage": "2026-10-10",
  "mock": false,
  "geo": "IND",
  "releaseDate": null,
  "revisionPolicy": "Each quarter's figures come from the companies that reported in that quarter; growth rates compare the same companies a year apart and are final as printed.",
  "base": "as published",
  "frequency": "annual",
  "product": "SDMX dataset RATIO_LNGNFC_IND_ANN_RN (Ratios of Listed Non-Government Non-Financial Companies Annually  - Industry)",
  "dsd": "RATIO_LNGNFC_IND_ANN_RN",
  "loadedAt": "2026-09-18T15:12:09.814675Z",
  "cut": "Sector",
  "unit": "pct",
  "coverage": "Listed private non-financial companies, ratios by sector, annual",
  "note": "Per cent, except interest coverage and cash coverage, which are times. Each period's ratios are for the companies that reported that period.",
  "latestPeriod": "2024-04"
 },
 "dates": [
  "2015-04-01",
  "2016-04-01",
  "2017-04-01",
  "2018-04-01",
  "2019-04-01",
  "2020-04-01",
  "2021-04-01",
  "2022-04-01",
  "2023-04-01",
  "2024-04-01"
 ],
 "series": {
  "icc_manf__corm_to_sal": {
   "label": "Manufacturing: Cost of Raw Materials to Sales",
   "unit": "pct",
   "group": "Manufacturing",
   "data": [
    51.2139,
    52.3447,
    52.955,
    54.4368,
    52.4582,
    49.8926,
    54.9442,
    55.8064,
    54.2002,
    55.6948
   ]
  },
  "icc_manf__csh_cvg_ratio": {
   "label": "Manufacturing: Cash Coverage Ratio(times)",
   "unit": "times",
   "group": "Manufacturing",
   "data": [
    4.3375,
    4.698,
    6.3405,
    6.6855,
    5.6745,
    6.3707,
    10.2481,
    8.9813,
    8.9417,
    9.699
   ]
  },
  "icc_manf__ebitda_to_sal": {
   "label": "Manufacturing: EBITDA to Sales",
   "unit": "pct",
   "group": "Manufacturing",
   "data": [
    15.1869,
    16.4626,
    16.8325,
    16.9016,
    16.6925,
    19.3793,
    18.4467,
    15.7014,
    16.583,
    16.7015
   ]
  },
  "icc_manf__companies": {
   "label": "Manufacturing: number of companies in the period",
   "unit": "count",
   "group": "Manufacturing",
   "data": [
    1885,
    1875,
    1891,
    1918,
    1841,
    1830,
    1865,
    1821,
    1846,
    2055
   ]
  },
  "icc_manf__ebit_to_sal": {
   "label": "Manufacturing: EBIT to Sales",
   "unit": "pct",
   "group": "Manufacturing",
   "data": [
    11.627,
    12.7179,
    13.3384,
    13.5975,
    12.6541,
    15.2037,
    15.183,
    12.8467,
    13.493,
    13.5549
   ]
  },
  "icc_manf__int_burden": {
   "label": "Manufacturing: Interest Burden",
   "unit": "pct",
   "group": "Manufacturing",
   "data": [
    30.1132,
    27.5533,
    19.903,
    18.5923,
    23.2467,
    20.0078,
    11.8554,
    13.6084,
    13.7446,
    12.7037
   ]
  },
  "icc_manf__int_cvg": {
   "label": "Manufacturing: Interest Coverage(times)",
   "unit": "times",
   "group": "Manufacturing",
   "data": [
    3.3208,
    3.6293,
    5.0244,
    5.3786,
    4.3017,
    4.9981,
    8.435,
    7.3484,
    7.2756,
    7.8717
   ]
  },
  "icc_manf__int_to_sal": {
   "label": "Manufacturing: Interest to Sales",
   "unit": "pct",
   "group": "Manufacturing",
   "data": [
    3.5013,
    3.5042,
    2.6547,
    2.5281,
    2.9417,
    3.0419,
    1.8,
    1.7482,
    1.8546,
    1.722
   ]
  },
  "icc_manf__net_pft_to_sal": {
   "label": "Manufacturing: Net Profit to Sales",
   "unit": "pct",
   "group": "Manufacturing",
   "data": [
    5.2937,
    6.4992,
    6.795,
    6.8182,
    6.9475,
    9.337,
    10.578,
    8.7046,
    8.9146,
    9.6027
   ]
  },
  "icc_manf__opr_pfts_to_sal": {
   "label": "Manufacturing: Operating Profits to Sales",
   "unit": "pct",
   "group": "Manufacturing",
   "data": [
    12.9655,
    14.0592,
    14.4178,
    14.5888,
    13.9919,
    16.0956,
    16.1333,
    13.3366,
    14.3646,
    14.189
   ]
  },
  "icc_manf__oth_inc_net_pft": {
   "label": "Manufacturing: Other Income to Net Profit",
   "unit": "pct",
   "group": "Manufacturing",
   "data": [
    41.9625,
    36.9793,
    35.5367,
    33.9218,
    38.8705,
    35.1679,
    21.8695,
    27.1677,
    24.8844,
    26.1641
   ]
  },
  "icc_manf__sc_to_sal": {
   "label": "Manufacturing: Staff Cost to Sales",
   "unit": "pct",
   "group": "Manufacturing",
   "data": [
    6.0409,
    6.2711,
    6.2313,
    5.9412,
    6.5867,
    6.8316,
    5.4697,
    5.1621,
    5.5054,
    5.6247
   ]
  },
  "icc_manf__tax_prov_to_ebt": {
   "label": "Manufacturing: Tax Provisions to EBT",
   "unit": "pct",
   "group": "Manufacturing",
   "data": [
    24.4017,
    24.0598,
    25.0357,
    25.5242,
    20.7577,
    19.3566,
    20.0963,
    21.2176,
    21.9203,
    21.265
   ]
  },
  "icc_srv_it__csh_cvg_ratio": {
   "label": "Services - IT: Cash Coverage Ratio(times)",
   "unit": "times",
   "group": "Services - IT",
   "data": [
    49.6956,
    61.6858,
    80.0361,
    61.9496,
    34.4247,
    57.0951,
    63.817,
    50.113,
    48.0232,
    48.9585
   ]
  },
  "icc_srv_it__ebitda_to_sal": {
   "label": "Services - IT: EBITDA to Sales",
   "unit": "pct",
   "group": "Services - IT",
   "data": [
    31.6801,
    30.2357,
    30.6917,
    29.664,
    29.6873,
    30.858,
    29.1826,
    25.6182,
    27.2194,
    26.7037
   ]
  },
  "icc_srv_it__companies": {
   "label": "Services - IT: number of companies in the period",
   "unit": "count",
   "group": "Services - IT",
   "data": [
    203,
    199,
    192,
    202,
    195,
    198,
    216,
    215,
    211,
    255
   ]
  },
  "icc_srv_it__ebit_to_sal": {
   "label": "Services - IT: EBIT to Sales",
   "unit": "pct",
   "group": "Services - IT",
   "data": [
    29.2633,
    27.9869,
    28.3924,
    27.505,
    26.7578,
    27.7555,
    26.4383,
    23.0323,
    24.6559,
    24.3087
   ]
  },
  "icc_srv_it__int_burden": {
   "label": "Services - IT: Interest Burden",
   "unit": "pct",
   "group": "Services - IT",
   "data": [
    2.1784,
    1.7514,
    1.3506,
    1.7409,
    3.2229,
    1.9472,
    1.7296,
    2.2195,
    2.2988,
    2.2438
   ]
  },
  "icc_srv_it__int_cvg": {
   "label": "Services - IT: Interest Coverage(times)",
   "unit": "times",
   "group": "Services - IT",
   "data": [
    45.9045,
    57.0978,
    74.04,
    57.4408,
    31.0277,
    51.3547,
    57.8157,
    45.0545,
    43.5003,
    44.5674
   ]
  },
  "icc_srv_it__int_to_sal": {
   "label": "Services - IT: Interest to Sales",
   "unit": "pct",
   "group": "Services - IT",
   "data": [
    0.6375,
    0.4902,
    0.3835,
    0.4788,
    0.8624,
    0.5405,
    0.4573,
    0.5112,
    0.5668,
    0.5454
   ]
  },
  "icc_srv_it__net_pft_to_sal": {
   "label": "Services - IT: Net Profit to Sales",
   "unit": "pct",
   "group": "Services - IT",
   "data": [
    22.5055,
    21.0064,
    22.0674,
    19.6485,
    19.9974,
    20.8452,
    19.8831,
    16.9233,
    18.0208,
    17.6058
   ]
  },
  "icc_srv_it__opr_pfts_to_sal": {
   "label": "Services - IT: Operating Profits to Sales",
   "unit": "pct",
   "group": "Services - IT",
   "data": [
    26.6364,
    25.5216,
    25.0454,
    24.5287,
    24.6331,
    27.245,
    24.6837,
    22.4456,
    22.7015,
    21.9163
   ]
  },
  "icc_srv_it__oth_inc_net_pft": {
   "label": "Services - IT: Other Income to Net Profit",
   "unit": "pct",
   "group": "Services - IT",
   "data": [
    22.4109,
    22.4415,
    25.5864,
    26.1358,
    25.2745,
    17.3325,
    22.627,
    18.7472,
    25.0704,
    27.1926
   ]
  },
  "icc_srv_it__sc_to_sal": {
   "label": "Services - IT: Staff Cost to Sales",
   "unit": "pct",
   "group": "Services - IT",
   "data": [
    46.8276,
    47.768,
    48.1267,
    46.3344,
    48.6978,
    49.1487,
    48.7652,
    50.0697,
    49.7313,
    47.9941
   ]
  },
  "icc_srv_it__tax_prov_to_ebt": {
   "label": "Services - IT: Tax Provisions to EBT",
   "unit": "pct",
   "group": "Services - IT",
   "data": [
    22.9511,
    22.7259,
    21.8534,
    24.3768,
    21.3562,
    23.8608,
    22.8544,
    24.2307,
    22.3312,
    24.9264
   ]
  },
  "icc_srv_non_it__corm_to_sal": {
   "label": "Services - Non IT: Cost of Raw Materials to Sales",
   "unit": "pct",
   "group": "Services - Non IT",
   "data": [
    27.7847,
    24.2637,
    21.6067,
    20.9688,
    23.493,
    31.1246,
    36.5422,
    18.2363,
    14.8099,
    18.0419
   ]
  },
  "icc_srv_non_it__csh_cvg_ratio": {
   "label": "Services - Non IT: Cash Coverage Ratio(times)",
   "unit": "times",
   "group": "Services - Non IT",
   "data": [
    3.8767,
    3.2843,
    2.844,
    2.9616,
    1.9834,
    1.8184,
    1.986,
    2.458,
    2.966,
    3.552
   ]
  },
  "icc_srv_non_it__ebitda_to_sal": {
   "label": "Services - Non IT: EBITDA to Sales",
   "unit": "pct",
   "group": "Services - Non IT",
   "data": [
    23.9556,
    22.3249,
    17.7761,
    14.7534,
    20.9358,
    23.9566,
    24.2925,
    22.6207,
    25.5998,
    26.1158
   ]
  },
  "icc_srv_non_it__companies": {
   "label": "Services - Non IT: number of companies in the period",
   "unit": "count",
   "group": "Services - Non IT",
   "data": [
    547,
    579,
    626,
    628,
    616,
    637,
    699,
    689,
    927,
    1223
   ]
  },
  "icc_srv_non_it__ebit_to_sal": {
   "label": "Services - Non IT: EBIT to Sales",
   "unit": "pct",
   "group": "Services - Non IT",
   "data": [
    15.0479,
    12.4856,
    8.5154,
    7.1275,
    4.8055,
    5.1042,
    8.9238,
    10.6295,
    14.2312,
    16.0309
   ]
  },
  "icc_srv_non_it__int_burden": {
   "label": "Services - Non IT: Interest Burden",
   "unit": "pct",
   "group": "Services - Non IT",
   "data": [
    41.065,
    54.4429,
    73.4022,
    69.8931,
    null,
    null,
    137.0696,
    86.5775,
    60.6485,
    45.8643
   ],
   "gaps": [
    "2019-04-01",
    "2020-04-01"
   ],
   "gapsNote": "No figure for this period (the cut had too few companies, or the item was not published); left empty."
  },
  "icc_srv_non_it__int_cvg": {
   "label": "Services - Non IT: Interest Coverage(times)",
   "unit": "times",
   "group": "Services - Non IT",
   "data": [
    2.4352,
    1.8368,
    1.3624,
    1.4308,
    0.4553,
    0.3874,
    0.7296,
    1.155,
    1.6488,
    2.1803
   ]
  },
  "icc_srv_non_it__int_to_sal": {
   "label": "Services - Non IT: Interest to Sales",
   "unit": "pct",
   "group": "Services - Non IT",
   "data": [
    6.1794,
    6.7975,
    6.2505,
    4.9816,
    10.5557,
    13.1744,
    12.2318,
    9.2028,
    8.631,
    7.3525
   ]
  },
  "icc_srv_non_it__net_pft_to_sal": {
   "label": "Services - Non IT: Net Profit to Sales",
   "unit": "pct",
   "group": "Services - Non IT",
   "data": [
    5.0011,
    -0.8938,
    -4.3917,
    2.1503,
    -40.1068,
    -24.1756,
    -6.7162,
    -2.3919,
    2.0401,
    7.6747
   ]
  },
  "icc_srv_non_it__opr_pfts_to_sal": {
   "label": "Services - Non IT: Operating Profits to Sales",
   "unit": "pct",
   "group": "Services - Non IT",
   "data": [
    20.9953,
    19.1878,
    14.7055,
    11.6865,
    16.6872,
    19.8687,
    20.1811,
    19.2706,
    22.3567,
    22.0545
   ]
  },
  "icc_srv_non_it__oth_inc_net_pft": {
   "label": "Services - Non IT: Other Income to Net Profit",
   "unit": "pct",
   "group": "Services - Non IT",
   "data": [
    59.193,
    null,
    null,
    142.6306,
    null,
    null,
    null,
    null,
    null,
    52.9176
   ],
   "gaps": [
    "2016-04-01",
    "2017-04-01",
    "2019-04-01",
    "2020-04-01",
    "2021-04-01",
    "2022-04-01",
    "2023-04-01"
   ],
   "gapsNote": "No figure for this period (the cut had too few companies, or the item was not published); left empty."
  },
  "icc_srv_non_it__sc_to_sal": {
   "label": "Services - Non IT: Staff Cost to Sales",
   "unit": "pct",
   "group": "Services - Non IT",
   "data": [
    6.9057,
    8.522,
    9.11,
    8.2083,
    8.4107,
    8.4943,
    9.3695,
    7.7981,
    10.7578,
    10.3538
   ]
  },
  "icc_srv_non_it__tax_prov_to_ebt": {
   "label": "Services - Non IT: Tax Provisions to EBT",
   "unit": "pct",
   "group": "Services - Non IT",
   "data": [
    23.8973,
    20.16,
    27.6052,
    29.6621,
    24.7397,
    23.294,
    18.1136,
    21.7126,
    18.6803,
    14.5616
   ]
  }
 }
}