No undue insistence by Centre on dividend payout by CPSEs: Anant Geete

PSUs may finalise full dividend payouts for FY18 in Sept 2018

by Arjit Singh Bhambra

There is no undue insistence by the government on providing hefty dividend payouts by CPSEs to bridge any shortfall in tax revenue collections for the current financial year, according to heavy industry & public enterprises minister Anant Geete. The minister categorically denied media reports claiming that the ministry of finance has asked PSUs to provide 30-100 per cent of their net profits as dividends, share buybacks or bonus shares [see here]. He further clarified that the dividend payout is at satisfactory levels and the CPSEs may finalise their full dividend payouts for the current fiscal in September 2018.

References
1. http://www.business-standard.com/article/economy-policy/no-undue-insistence-by-govt-on-dividend-payout-by-psus-geete-117111400441_1.html
CMIE STATISTICS
Unemployment Rate
Per cent
4.8 +0.0
Consumer Sentiments Index
Base September-December 2015
97.2 -0.2
Consumer Expectations Index
Base September-December 2015
96.5 0.0
Current Economic Conditions Index
Base September-December 2015
98.2 -0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Mar 17 Jun 17 Sep 17 Dec 17
New projects 4.01 2.11 1.18 0.84
Completed projects 1.95 0.86 1.03 0.90
Stalled projects 0.74 2.67 0.67 0.92
Revived projects 0.86 0.30 0.29 0.20
Implementation stalled projects 0.33 0.69 0.73 0.58
Updated on: 23 Jan 2018 12:20PM
Quarterly Financials of Listed Companies
(% change) Mar 17 Jun 17 Sep 17 Dec 17
All listed Companies
 Income 10.2 9.7 7.9 10.7
 Expenses 11.9 10.0 9.2 10.3
 Net profit 16.1 -19.8 -20.0 16.1
 PAT margin (%) 6.0 5.3 5.4 14.2
 Count of Cos. 4,460 4,389 4,313 183
Non-financial Companies
 Income 11.8 10.3 7.7 10.6
 Expenses 15.6 10.6 7.8 10.5
 Net profit -2.3 -25.2 -7.9 15.0
 PAT margin (%) 6.2 5.2 6.1 14.4
 Net fixed assets 6.9 9.0
 Current assets 2.7 78.0
 Current liabilities 8.8 10.6
 Borrowings 4.9 10.1
 Reserves & surplus 6.3 4.8
 Count of Cos. 3,448 3,407 3,348 135
Numbers are net of P&E
Updated on: 23 Jan 2018 12:21PM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.3 1.4 6.6
 Expenses 9.9 5.4 1.5 7.1
 Net profit -2.5 1.6 -12.6 18.7
 PAT margin (%) 3.1 3.2 2.9 5.7
 Assets 12.3 9.4 9.8 8.3
 Net worth 9.6 8.7 10.8 7.2
 RONW (%) 6.1 6.1 5.1 8.3
 Count of Cos. 24,439 24,353 22,049 8,816
Non-financial Companies
 Income 9.7 4.5 0.5 6.4
 Expenses 9.4 4.6 -0.3 7.6
 Net profit -3.1 -5.5 12.5 11.8
 PAT margin (%) 2.2 2.1 2.6 5.3
 Net fixed assets 11.7 13.3 15.6 7.3
 Net worth 8.2 7.1 11.2 5.3
 RONW (%) 5.0 4.9 5.4 9.0
 Debt / Equity (times) 1.1 1.1 1.1 0.8
 Interest cover (times) 2.0 1.9 2.0 2.9
 Net working capital cycle (days) 69 67 65 52
 Count of Cos. 19,688 19,805 18,467 6,761
Numbers are net of P&E
Updated on: 21 Jan 2018 12:27PM

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