GST may severely dent liquidity of exporters: FIEO

Merchants to face initial hiccups

by Janhavi Behere

President of Federation of Indian Export Organisations (FIEO) Ganesh Kumar Gupta has stated that exporters may face liquidity problems, constraints in job work and delays in initial returns in July and August. He added that exporters would face initial hiccups due to GST, but would be able to bear fruits in the long run. Ajay Sahai, DG & CEO, FIEO also raised the concern that GST would severely dent the liquidity of exporters and the compliance cost of exporters may go up. He believes that export competitiveness of India may tank by about two per cent.

References
1. https://www.fieo.org/
CMIE STATISTICS
Unemployment Rate
Per cent
3.3 -0.0
Consumer Sentiments Index
Base September-December 2015
94.9 0.0
Consumer Expectations Index
Base September-December 2015
95.4 0.0
Current Economic Conditions Index
Base September-December 2015
94.1 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 16 Dec 16 Mar 17 Jun 17
New projects 2.37 1.43 2.91 1.55
Completed projects 2.21 0.94 1.81 1.02
Stalled projects 0.65 1.01 0.35 2.45
Revived projects 0.91 0.17 0.62 0.29
Implementation stalled projects 0.37 0.81 0.33 0.63
Updated on: 27 Jul 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Sep 16 Dec 16 Mar 17 Jun 17
All listed Companies
 Income 2.1 6.2 10.3 9.2
 Expenses 1.9 6.4 11.8 9.6
 Net profit 14.6 40.4 17.7 4.5
 PAT margin (%) 6.9 6.1 6.2 12.5
 Count of Cos. 4,494 4,492 4,354 274
Non-financial Companies
 Income 0.6 6.0 11.8 8.8
 Expenses -0.2 7.3 15.5 9.4
 Net profit 26.7 24.7 -1.0 2.0
 PAT margin (%) 6.9 6.2 6.4 12.4
 Net fixed assets -9.2 7.6
 Current assets 8.1 2.5
 Current liabilities 11.6 9.3
 Borrowings 3.1 5.4
 Reserves & surplus 8.4 7.7
 Count of Cos. 3,491 3,493 3,398 202
Numbers are net of P&E
Updated on: 27 Jul 2017 8:30PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 12.6 9.9 5.0 1.0
 Expenses 12.8 9.8 5.1 1.2
 Net profit 1.0 -2.3 1.4 -14.2
 PAT margin (%) 3.5 3.2 3.2 3.1
 Assets 14.3 12.3 9.4 8.7
 Net worth 9.6 9.6 8.8 7.6
 RONW (%) 6.8 6.2 6.1 5.4
 Count of Cos. 25,169 22,706 21,937 18,146
Non-financial Companies
 Income 11.9 9.6 4.1 0.0
 Expenses 12.2 9.3 4.3 -0.6
 Net profit -8.5 -2.7 -5.9 8.1
 PAT margin (%) 2.4 2.2 2.2 2.8
 Net fixed assets 12.9 11.6 13.2 12.6
 Net worth 7.8 8.6 7.4 6.9
 RONW (%) 5.5 5.1 4.9 5.6
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.1 1.9 1.9 2.1
 Net working capital cycle (days) 72 69 67 66
 Count of Cos. 19,615 18,084 17,557 14,859
Numbers are net of P&E
Updated on: 22 Jul 2017 1:04PM

Time-series available since 1992-93