{
 "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": "quarterly",
  "product": "SDMX dataset RATIO_LNGNFC_QTR_RN (Ratios of Listed Non-Government Non-Financial Companies Quartely)",
  "dsd": "RATIO_LNGNFC_QTR_RN",
  "loadedAt": "2026-09-18T15:12:22.135861Z",
  "cut": null,
  "unit": "pct",
  "coverage": "Listed private non-financial companies, ratios, quarterly",
  "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": "2025-10"
 },
 "dates": [
  "2014-04-01",
  "2014-07-01",
  "2014-10-01",
  "2015-01-01",
  "2015-04-01",
  "2015-07-01",
  "2015-10-01",
  "2016-01-01",
  "2016-04-01",
  "2016-07-01",
  "2016-10-01",
  "2017-01-01",
  "2017-04-01",
  "2017-07-01",
  "2017-10-01",
  "2018-01-01",
  "2018-04-01",
  "2018-07-01",
  "2018-10-01",
  "2019-01-01",
  "2019-04-01",
  "2019-07-01",
  "2019-10-01",
  "2020-01-01",
  "2020-04-01",
  "2020-07-01",
  "2020-10-01",
  "2021-01-01",
  "2021-04-01",
  "2021-07-01",
  "2021-10-01",
  "2022-01-01",
  "2022-04-01",
  "2022-07-01",
  "2022-10-01",
  "2023-01-01",
  "2023-04-01",
  "2023-07-01",
  "2023-10-01",
  "2024-01-01",
  "2024-04-01",
  "2024-07-01",
  "2024-10-01",
  "2025-01-01",
  "2025-04-01",
  "2025-07-01",
  "2025-10-01"
 ],
 "series": {
  "corm_to_sal": {
   "label": "Cost of Raw Materials to Sales",
   "unit": "pct",
   "data": [
    55.938,
    56.872,
    54.2711,
    51.5174,
    51.5945,
    50.7785,
    49.6422,
    48.2178,
    48.4159,
    48.5271,
    51.3621,
    51.2508,
    50.7087,
    49.0743,
    50.9719,
    50.9127,
    51.5365,
    52.4066,
    52.3892,
    50.6177,
    50.9578,
    49.7506,
    49.2034,
    50.1978,
    43.1297,
    46.884,
    49.2287,
    50.5465,
    52.3798,
    51.0149,
    53.4344,
    54.0317,
    56.2346,
    53.7885,
    53.5002,
    51.7363,
    50.8439,
    51.1742,
    52.202,
    50.4539,
    51.1143,
    52.2002,
    52.1038,
    52.2209,
    51.3429,
    53.0746,
    54.2882
   ]
  },
  "csh_cvg_ratio": {
   "label": "Cash Coverage Ratio(times)",
   "unit": "times",
   "data": [
    4.4003,
    4.137,
    3.7025,
    4.0258,
    4.0228,
    4.2041,
    3.9043,
    4.1841,
    4.0816,
    4.9081,
    3.8381,
    4.4343,
    3.9882,
    4.2582,
    4.5963,
    5.4513,
    5.05,
    5.5154,
    5.6346,
    5.5638,
    5.5677,
    4.5064,
    4.7728,
    3.8253,
    3.2784,
    4.8983,
    5.8438,
    6.19,
    5.8474,
    6.6974,
    6.6522,
    7.373,
    6.2556,
    5.9596,
    5.9523,
    6.8354,
    6.5023,
    6.7686,
    6.6921,
    6.9586,
    7.148,
    7.0415,
    7.0446,
    7.5528,
    7.6478,
    7.6697,
    7.7726
   ]
  },
  "ebitda_to_sal": {
   "label": "EBITDA to Sales",
   "unit": "pct",
   "data": [
    16.6032,
    16.6307,
    15.6027,
    17.0119,
    17.9921,
    18.6159,
    17.5006,
    17.8918,
    19.9517,
    19.9955,
    18.9555,
    18.0562,
    17.2447,
    18.885,
    18.1871,
    18.1747,
    18.4979,
    18.4207,
    17.8222,
    17.5182,
    19.0153,
    16.3004,
    18.2913,
    17.3159,
    20.6641,
    22.1823,
    22.5739,
    20.6398,
    21.1633,
    20.6968,
    19.3482,
    19.0328,
    17.3727,
    16.621,
    17.3761,
    18.7365,
    18.8289,
    19.2345,
    19.1429,
    19.0646,
    19.2777,
    19.4614,
    18.825,
    19.1213,
    20.1127,
    18.9011,
    18.4733
   ]
  },
  "companies": {
   "label": "number of companies in the period",
   "unit": "count",
   "data": [
    2755,
    2863,
    2845,
    2712,
    2723,
    2711,
    2736,
    2710,
    2775,
    2702,
    2784,
    2726,
    2744,
    2701,
    2705,
    2723,
    2724,
    2700,
    2703,
    2701,
    2696,
    2696,
    2702,
    2620,
    2536,
    2637,
    2692,
    2608,
    2610,
    2716,
    2744,
    2758,
    2749,
    2740,
    2779,
    2774,
    2836,
    2835,
    2842,
    2823,
    2934,
    2911,
    2924,
    2936,
    3079,
    3118,
    3188
   ]
  },
  "ebit_to_sal": {
   "label": "EBIT to Sales",
   "unit": "pct",
   "data": [
    12.9108,
    12.9654,
    11.7701,
    13.1673,
    14.0109,
    14.6153,
    13.2868,
    13.6888,
    15.5212,
    15.5587,
    14.4688,
    13.8385,
    12.9749,
    14.6186,
    14.0613,
    14.3379,
    14.6287,
    14.8292,
    14.1665,
    13.9115,
    14.7585,
    11.7463,
    13.1905,
    11.7517,
    12.9076,
    16.5487,
    17.5458,
    16.0971,
    16.168,
    16.306,
    15.2331,
    15.1775,
    13.6472,
    12.8322,
    13.4896,
    14.9229,
    14.9199,
    15.2318,
    15.0603,
    15.0759,
    15.247,
    15.4195,
    14.7742,
    15.1733,
    16.0366,
    14.8205,
    14.4807
   ]
  },
  "int_burden": {
   "label": "Interest Burden",
   "unit": "pct",
   "data": [
    29.2249,
    31.0059,
    35.8034,
    32.0923,
    31.9222,
    30.2972,
    33.7359,
    31.238,
    31.494,
    26.1848,
    34.134,
    29.4248,
    33.3251,
    30.3379,
    28.1404,
    23.2532,
    25.0398,
    22.5223,
    22.3272,
    22.6329,
    23.141,
    30.7939,
    29.0542,
    38.5191,
    48.8327,
    27.3648,
    22.0161,
    20.7142,
    22.3852,
    18.9518,
    19.0936,
    17.0082,
    20.3493,
    21.7342,
    21.6405,
    18.3685,
    19.4084,
    18.6566,
    18.9937,
    18.1728,
    17.6884,
    17.924,
    18.0873,
    16.6851,
    16.3992,
    16.6282,
    16.413
   ]
  },
  "int_cvg": {
   "label": "Interest Coverage(times)",
   "unit": "times",
   "data": [
    3.4217,
    3.2252,
    2.793,
    3.116,
    3.1326,
    3.3006,
    2.9642,
    3.2012,
    3.1752,
    3.819,
    2.9296,
    3.3985,
    3.0007,
    3.2962,
    3.5536,
    4.3005,
    3.9936,
    4.44,
    4.4788,
    4.4183,
    4.3213,
    3.2474,
    3.4418,
    2.5961,
    2.0478,
    3.6543,
    4.5421,
    4.8276,
    4.4672,
    5.2765,
    5.2374,
    5.8795,
    4.9142,
    4.601,
    4.621,
    5.4441,
    5.1524,
    5.36,
    5.2649,
    5.5027,
    5.6534,
    5.5791,
    5.5287,
    5.9934,
    6.0979,
    6.0139,
    6.0927
   ]
  },
  "int_to_sal": {
   "label": "Interest to Sales",
   "unit": "pct",
   "data": [
    3.7732,
    4.02,
    4.2141,
    4.2257,
    4.4726,
    4.428,
    4.4824,
    4.2761,
    4.8883,
    4.074,
    4.9388,
    4.0719,
    4.3239,
    4.435,
    3.9569,
    3.334,
    3.663,
    3.3399,
    3.163,
    3.1486,
    3.4153,
    3.6171,
    3.8324,
    4.5267,
    6.3031,
    4.5285,
    3.8629,
    3.3344,
    3.6192,
    3.0903,
    2.9086,
    2.5814,
    2.7771,
    2.789,
    2.9192,
    2.7411,
    2.8957,
    2.8417,
    2.8605,
    2.7397,
    2.6969,
    2.7638,
    2.6722,
    2.5317,
    2.6299,
    2.4644,
    2.3767
   ]
  },
  "net_pft_to_sal": {
   "label": "Net Profit to Sales",
   "unit": "pct",
   "data": [
    6.7067,
    6.63,
    4.3064,
    5.4117,
    6.7326,
    7.6746,
    5.1681,
    5.9465,
    7.4838,
    8.6839,
    6.836,
    4.5761,
    5.5143,
    5.8049,
    6.7476,
    5.5018,
    7.748,
    7.323,
    7.8892,
    4.6489,
    8.1771,
    3.832,
    5.886,
    -0.1642,
    -0.4329,
    8.5272,
    9.2827,
    9.0637,
    9.1458,
    9.7334,
    9.2186,
    9.7298,
    8.3689,
    7.2744,
    7.1041,
    9.2795,
    9.2529,
    8.3034,
    9.5154,
    9.1211,
    9.8947,
    9.8221,
    9.8987,
    11.0187,
    10.8145,
    9.1812,
    9.3744
   ]
  },
  "opr_pfts_to_sal": {
   "label": "Operating Profits to Sales",
   "unit": "pct",
   "data": [
    14.1152,
    13.2338,
    13.1366,
    13.8062,
    15.1812,
    15.2844,
    14.8803,
    15.0512,
    16.9525,
    16.5578,
    15.9307,
    14.4242,
    14.0371,
    15.7408,
    15.3632,
    14.5993,
    15.6983,
    14.7158,
    14.4659,
    14.3474,
    16.0663,
    12.3208,
    15.4633,
    13.3066,
    15.4205,
    18.0047,
    19.0128,
    18.065,
    18.4221,
    17.5516,
    16.6588,
    15.7626,
    15.345,
    13.4792,
    14.673,
    15.4986,
    15.8585,
    16.0228,
    16.4503,
    15.9939,
    16.2447,
    15.7047,
    16.2249,
    16.2644,
    16.4947,
    15.7391,
    15.7513
   ]
  },
  "oth_inc_net_pft": {
   "label": "Other Income to Net Profit",
   "unit": "pct",
   "data": [
    37.0971,
    51.236,
    57.2663,
    59.2364,
    41.7495,
    43.4091,
    50.7031,
    47.7696,
    40.0772,
    39.5868,
    44.2481,
    79.3682,
    58.1684,
    54.1643,
    41.8498,
    64.9861,
    36.1335,
    50.5921,
    42.5441,
    68.2052,
    36.0636,
    103.8526,
    48.0453,
    null,
    null,
    48.9911,
    38.3618,
    28.4068,
    29.9721,
    32.3138,
    29.1736,
    33.6093,
    24.2288,
    43.1912,
    38.0488,
    34.8933,
    32.1025,
    38.6793,
    28.2966,
    33.6661,
    30.6524,
    38.2469,
    26.2676,
    25.9278,
    33.4549,
    34.4394,
    29.0365
   ],
   "gaps": [
    "2020-01-01",
    "2020-04-01"
   ],
   "gapsNote": "No figure for this period (the cut had too few companies, or the item was not published); left empty."
  },
  "sc_to_sal": {
   "label": "Staff Cost to Sales",
   "unit": "pct",
   "data": [
    8.043,
    8.0101,
    8.3051,
    8.9071,
    8.9161,
    9.3088,
    9.3868,
    9.2792,
    10.8736,
    11.3081,
    10.6756,
    9.9313,
    10.6334,
    10.7825,
    10.3923,
    9.9262,
    10.0978,
    10.1179,
    10.2412,
    10.0672,
    10.8578,
    11.5458,
    11.2097,
    11.9581,
    16.5438,
    12.1604,
    11.2137,
    10.3225,
    11.8949,
    10.6282,
    10.1951,
    9.5717,
    9.8687,
    10.2094,
    10.4613,
    10.1562,
    10.7626,
    10.655,
    10.6474,
    10.1601,
    10.7662,
    10.8283,
    10.625,
    10.1538,
    10.8643,
    10.7117,
    10.4892
   ]
  },
  "tax_prov_to_ebt": {
   "label": "Tax Provisions to EBT",
   "unit": "pct",
   "data": [
    24.9426,
    23.1852,
    23.637,
    23.0682,
    24.8433,
    24.2139,
    24.4223,
    22.6888,
    25.8316,
    25.1744,
    24.7548,
    18.131,
    24.6501,
    25.1821,
    22.9186,
    23.8748,
    26.5631,
    24.9206,
    23.8119,
    24.1641,
    26.5211,
    15.9369,
    20.4382,
    20.6614,
    21.803,
    18.6186,
    20.1116,
    20.1361,
    23.3636,
    21.7557,
    21.5142,
    16.3908,
    23.8332,
    21.7954,
    22.1303,
    17.9872,
    21.1888,
    20.8214,
    20.2889,
    20.5603,
    22.0907,
    20.5004,
    20.3328,
    20.6078,
    20.5451,
    20.8089,
    20.2485
   ]
  }
 }
}