Gujarat tops in private corporate investment for 2016-17: RBI study

7 states account for 62% of new projects in last 5 years

by Nidhi Bhati

Gujarat topped in private corporate investments in 2016-17 with a total share of 22.7 per cent, as per an RBI study. The state did not have any close competitor. During the five years ended March 2017, Gujarat, Odisha, Maharashtra, AP Chhattisgarh, MP and Karnataka collectively contributed 62 per cent to the total private corporate investments in India. Power projects dominated the scene except in Maharashtra and TN, where construction industry topped the list. 922 entities made investment plans aggregating Rs.2 trillion in 2016-17 as against 700 companies with investment intentions of Rs.1.3 trillion in 2015-16. The RBI report further revealed a significant fall in the capital expenditure of projects planned in the current fiscal.

New investment for 2016-17
State Share(%)
Gujarat 22.7
Maharashtra 8.6
Andhra Pradesh 8.2
Madhya Pradesh 7.4
Karnataka 6.6
Telangana 5.5
Tamil Nadu 4.5

References
1. https://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/02AR_110917AAEA3C79408C4F329344B89EE198AC5B.PDF
2. http://indianexpress.com/article/business/economy/rbi-study-seven-states-account-for-62-of-new-projects-in-last-5-years-4839260/
CMIE STATISTICS
Unemployment Rate
Per cent
5.1 +0.1
Consumer Sentiments Index
Base September-December 2015
95.4 0.0
Consumer Expectations Index
Base September-December 2015
95.4 0.0
Current Economic Conditions Index
Base September-December 2015
95.5 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Jun 17 Sep 17 Dec 17 Mar 18
New projects 2.40 1.35 1.30 2.42
Completed projects 0.87 1.22 1.06 1.27
Stalled projects 2.67 0.69 0.95 3.35
Revived projects 0.23 0.34 0.22 0.18
Implementation stalled projects 0.77 0.78 0.59 1.05
Updated on: 27 May 2018 4:20PM
Quarterly Financials of Listed Companies
(% change) Jun 17 Sep 17 Dec 17 Mar 18
All listed Companies
 Income 9.6 7.9 11.9 11.9
 Expenses 9.9 9.0 13.0 18.9
 Net profit -19.8 -18.1 -14.7 -83.2
 PAT margin (%) 5.3 5.5 4.8 1.1
 Count of Cos. 4,499 4,486 4,449 1,647
Non-financial Companies
 Income 10.2 8.2 13.2 13.6
 Expenses 10.5 8.1 12.4 14.0
 Net profit -25.1 -6.0 12.7 5.3
 PAT margin (%) 5.2 6.2 6.4 7.9
 Net fixed assets 9.2 14.5
 Current assets 78.6 10.4
 Current liabilities 11.0 11.0
 Borrowings 10.4 -4.4
 Reserves & surplus 5.2 10.6
 Count of Cos. 3,472 3,458 3,445 1,306
Numbers are net of P&E
Updated on: 27 May 2018 4:20PM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.6 1.8 5.5 3.6
 Expenses 5.7 1.9 5.5 2.8
 Net profit 0.0 -10.0 25.8 9.8
 PAT margin (%) 3.1 2.8 3.6 10.0
 Assets 9.5 10.1 7.1 7.1
 Net worth 8.5 11.3 6.6 5.1
 RONW (%) 5.8 4.9 6.0 15.5
 Count of Cos. 25,791 23,882 21,156 37
Non-financial Companies
 Income 4.8 0.9 5.3 3.0
 Expenses 5.0 0.3 5.6 2.0
 Net profit -8.2 19.0 20.5 10.6
 PAT margin (%) 2.0 2.4 3.0 8.7
 Net fixed assets 13.4 17.3 6.1 2.7
 Net worth 7.0 12.0 5.3 3.6
 RONW (%) 4.7 5.2 6.1 17.0
 Debt / Equity (times) 1.1 1.1 1.0 0.2
 Interest cover (times) 1.9 1.9 2.1 16.2
 Net working capital cycle (days) 66 65 62 27
 Count of Cos. 21,034 19,996 17,659 28
Numbers are net of P&E
Updated on: 20 May 2018 10:09PM

Time-series available from 2007-08 onwards