New investment announcements drops to Rs.768 bln in Dec 2017 qtr

Lowest since June 2004 qtr

by Suparna Chattopadhyay

According to CMIE’s CapEx database, 490 new investment proposals with investments worth Rs.768 billion were announced in December 2017 quarter. These were lowest recorded since June 2004 quarter. Announcement of new project proposals dropped sharply in fiscal 2017-18. In the first 3 quarters of current fiscal, 1,721 projects with investments worth Rs.4 trillion were announced as against 2,517 projects with investments worth 9.2 trillion announced in April-December 2016.

Completions of new capacities were also lower by 19 per cent on a y-o-y basis. 300 projects with investments worth Rs.769 billion were commissioned. However, the aggregates for completion of projects are expected to improve as information on commissioning of projects comes in with a lag. 51 projects with investments worth Rs.179 billion were stalled.

Project Investments (Rs.trillion)
Quarter ended New Completed Stalled
Dec 16 2.31 0.95 1.14
Mar 17 3.88 1.94 0.74
Jun 17 2.10 0.85 2.67
Sep 17 1.15 1.02 0.67
Dec 17 0.77 0.77 0.18

CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
6.9 +1.5
Consumer Sentiments Index
Base September-December 2015
50.7 +0.4
Consumer Expectations Index
Base September-December 2015
52.8 +0.6
Current Economic Conditions Index
Base September-December 2015
47.5 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Dec 19 Mar 20 Jun 20 Sep 20
New projects 5.55 3.95 0.71 0.68
Completed projects 1.66 1.75 0.24 0.64
Stalled projects 0.61 0.77 0.11 0.08
Revived projects 0.83 0.42 0.68 0.34
Implementation stalled projects 0.13 9.78 0.09 0.03
Updated on: 23 Oct 2020 8:28PM
Quarterly Financials of Listed Companies
(% change) Dec 19 Mar 20 Jun 20 Sep 20
All listed Companies
 Income -1.7 -4.9 -27.9 3.3
 Expenses -2.2 -1.9 -28.3 1.1
 Net profit -10.8 -47.3 -38.7 8.8
 PAT margin (%) 5.1 2.4 5.4 15.7
 Count of Cos. 4,435 4,273 4,184 213
Non-financial Companies
 Income -5.5 -8.9 -38.0 0.6
 Expenses -6.4 -4.9 -38.2 -3.4
 Net profit -13.9 -48.3 -57.1 13.9
 PAT margin (%) 5.7 3.4 4.4 16.8
 Net fixed assets 13.3 19.8
 Current assets 3.0 3.5
 Current liabilities 4.9 1.5
 Borrowings 14.7 2.8
 Reserves & surplus 2.1 14.4
 Count of Cos. 3,311 3,221 3,153 160
Numbers are net of P&E
Updated on: 23 Oct 2020 8:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.3 0.6
 Expenses 9.9 13.5 1.2
 Net profit -40.4 22.3 -19.0
 PAT margin (%) 2.0 2.4 4.4
 Assets 10.9 9.3 9.4
 Net worth 7.5 8.6 5.0
 RONW (%) 3.5 4.3 6.1
 Count of Cos. 27,922 27,039 4,480
Non-financial Companies
 Income 8.6 13.8 -2.8
 Expenses 8.8 14.0 -1.6
 Net profit -9.0 23.5 -28.4
 PAT margin (%) 2.7 3.2 4.7
 Net fixed assets 7.2 5.4 13.8
 Net worth 6.1 8.5 1.9
 RONW (%) 5.7 6.9 7.6
 Debt / Equity (times) 1.0 0.9 0.7
 Interest cover (times) 2.1 2.4 2.9
 Net working capital cycle (days) 77 70 56
 Count of Cos. 22,629 21,863 3,354
Numbers are net of P&E
Updated on: 20 Oct 2020 9:02AM