Guidance Note on Price Changes of CMIE Services

by Mahesh Vyas

In the past few years, we have made several changes in the delivery and pricing of our services.

While the changes in technology and delivery have been appreciated by all subscribers, there has been some concern regarding the predictability of the corresponding price changes.

We would like to assure all subscribers that price changes in the future would be predictable and also very reasonable.

All future price increases will be guided by the following:

  • Prices will be revised every January.
  • Price increases effective from January, would be announced in the preceding October.
  • Prices would increase by an average of 5 per cent per annum, in Indian rupees.
  • The maximum price increase in a year in a service would be 7 per cent in Indian rupees.
  • Changes, if any, in the discounts system applicable on bulk subscriptions would be announced along with price changes.
  • Price increases do not include service tax or other indirect taxes as these are determined by the government and not by us.

We hope that this predictability of prices makes it easier for all subscribers to plan their budgets well in advance.

If there is any change in this guidance, we will make an announcement well in advance.

Price Changes effective January 1, 2017

Annual subscription fees for CMIE services will be revised from January 1, 2017. The existing and new annual subscription fees are presented in the tabulation below.

Service Existing annual subscription fee per login New annual subscription fee per login from January 1, 2017 % change
ProwessIQ Rs. 150,000 Rs. 150,000 0.0
PACE Rs. 100,000 Rs. 105,000 5.0
Prowess TraX* (price per pack) Rs. 1,00,000 Rs. 1,00,000 -
Prowessdx USD 3,850 USD 4,000 4.0
PraXis Rs. 100,000 Rs. 100,000 0.0
CapEx Rs. 100,000 Rs. 105,000 5.0
CapExdx USD 2,550 USD 2,650 4.0
Economic Outlook Rs. 200,000 Rs. 200,000 0.0
States of India Rs. 200,000 Rs. 210,000 5.0
Industry Outlook Rs. 250,000 Rs. 262,500 5.0
Commodities Rs. 100,000 Rs. 105,000 5.0
Consumer Pyramids Rs. 1,500,000 Rs. 1,500,000 0.0
Consumer Pyramids Lite Rs. 450,000 Rs. 450,000 0.0

*The Prowess TraX offering was changed effective 13-April-2017. A pack consisted of 15 queries earlier. Effective 13-April-2017, a pack consists of 500 queries. Simultaneously, the price was changed from Rs.22,000 / pack to Rs.1,00,000 / pack. Consequently, the effective price per query has dropped 86.4 per cent from Rs.1,466.7 to Rs.200.

Prices of five of the thirteen services do not undergo any change in 2017 compared to their current price. The average price increase is 2.91 per cent with a range of 0 to 5 per cent. The weighted price increase is 1.5 percent. This is the price increase experienced in subscribing to one login for each service in Indian rupees at Rs.67 per USD.

Consumer Pyramids, which was hitherto not included in the discounting system will become eligible for discounts and Consumer Pyramids subscription can now be combined with other services to avail of discounts on the combined billing. This change in the billing of Consumer Pyramids is effective from October 1, 2016.

Effectively, the net price of Consumer Pyramids has declined by 8.33 per cent because of the change in the discounting system. If we take this into account the average and weighted price change is negative.

The number of Hits per subscription login remains unchanged at 7,000 for all subscriptions and 15,000 for Consumer Pyramids per annum.

The discounting structure remains unchanged, except for the new discounts available on Consumer Pyramids. Discounts begin on all billings in excess of Rs.500,000. This level has remain constant since Jan 2015.

Pricing and Hits policy for IP-based subscriptions for non-educational research institutions remains unchanged. They get more than twice the number of Hits for a 50% markup on the list price given above.

Pricing and Hits policy for IP-based subscriptions for educational institutions remains unchanged. They get more than twice the number of Hits for a 50% markup on the list price given above and they get a 20% discount on the final price.

CMIE STATISTICS
Unemployment Rate
Per cent
4.6 -0.0
Consumer Sentiments Index
Base September-December 2015
96.3 +0.7
Consumer Expectations Index
Base September-December 2015
95.7 +0.9
Current Economic Conditions Index
Base September-December 2015
97.3 +0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Dec 16 Mar 17 Jun 17 Sep 17
New projects 2.33 3.83 2.07 1.03
Completed projects 1.01 1.94 1.16 1.00
Stalled projects 1.14 0.73 2.67 0.67
Revived projects 0.18 0.67 0.30 0.29
Implementation stalled projects 0.83 0.33 0.68 0.62
Updated on: 15 Dec 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Dec 16 Mar 17 Jun 17 Sep 17
All listed Companies
 Income 6.2 10.2 9.8 8.2
 Expenses 6.3 11.9 10.0 9.4
 Net profit 40.2 16.0 -19.6 -18.1
 PAT margin (%) 6.0 6.0 5.3 5.6
 Count of Cos. 4,509 4,444 4,325 4,156
Non-financial Companies
 Income 5.9 11.8 10.4 8.1
 Expenses 7.2 15.6 10.6 8.0
 Net profit 24.5 -2.3 -25.0 -5.4
 PAT margin (%) 6.2 6.2 5.2 6.4
 Net fixed assets 6.9 9.3
 Current assets 2.7 80.1
 Current liabilities 8.8 10.2
 Borrowings 4.8 10.5
 Reserves & surplus 6.3 5.3
 Count of Cos. 3,484 3,440 3,358 3,226
Numbers are net of P&E
Updated on: 15 Dec 2017 8:20PM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.2 1.1 6.7
 Expenses 9.9 5.2 1.2 6.9
 Net profit -2.3 1.4 -13.1 20.6
 PAT margin (%) 3.2 3.2 2.9 6.4
 Assets 12.3 9.4 9.7 8.6
 Net worth 9.6 8.7 10.6 7.9
 RONW (%) 6.2 6.1 5.1 9.2
 Count of Cos. 24,045 23,818 20,791 4,756
Non-financial Companies
 Income 9.7 4.3 0.1 6.7
 Expenses 9.3 4.5 -0.6 7.5
 Net profit -2.7 -5.8 11.6 14.6
 PAT margin (%) 2.2 2.1 2.6 6.3
 Net fixed assets 11.6 13.3 15.5 7.3
 Net worth 8.1 7.1 11.0 6.3
 RONW (%) 5.1 4.9 5.4 10.3
 Debt / Equity (times) 1.1 1.1 1.1 0.7
 Interest cover (times) 2.0 1.9 2.0 3.4
 Net working capital cycle (days) 69 67 66 49
 Count of Cos. 19,288 19,270 17,281 3,624
Numbers are net of P&E
Updated on: 04 Dec 2017 11:59AM

Data added for HPI at Assessment prices and HPI at Market prices