FM reviews capex performance of large CPSEs

by Nidhi Bhati

On 19 October 2020, Finance Minister (FM) Nirmala Sitharaman reviewed capital expenditure (capex) by 14 central public sector enterprises (CPSEs) during 2020-21. This was the fourth in the ongoing series of meetings that the finance minister is having with various stakeholders to accelerate the economic growth amid the Covid-19 pandemic. For 2020-21, capex target for 14 CPSEs is estimated at Rs.1.2 trillion. In 2019-20, against the capex target of Rs.1.1 trillion, the achievement was Rs.1.2 trillion that is 104 per cent. Sitharaman directed the concerned secretaries to closely monitor the performance of CPSEs in order to ensure the capital expenditure to the tune of 75 per cent of the capital outlay by the end of December 2020 quarter and make appropriate plan for it.

References
1. https://www.pib.gov.in/PressReleasePage.aspx?PRID=1665774
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
6.6 0.0
Consumer Sentiments Index
Base September-December 2015
51.8 -0.3
Consumer Expectations Index
Base September-December 2015
53.6 -0.6
Current Economic Conditions Index
Base September-December 2015
48.9 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Dec 19 Mar 20 Jun 20 Sep 20
New projects 5.55 3.97 0.78 0.76
Completed projects 1.66 1.78 0.25 0.69
Stalled projects 0.61 0.73 0.11 0.08
Revived projects 0.83 0.42 0.68 0.34
Implementation stalled projects 0.13 10.02 0.09 0.03
Updated on: 01 Dec 2020 9:28AM
Quarterly Financials of Listed Companies
(% change) Dec 19 Mar 20 Jun 20 Sep 20
All listed Companies
 Income -1.7 -5.0 -27.6 -6.2
 Expenses -2.2 -1.9 -27.9 -10.1
 Net profit -10.9 -48.2 -40.2 45.3
 PAT margin (%) 5.1 2.4 5.3 8.3
 Count of Cos. 4,459 4,315 4,300 4,198
Non-financial Companies
 Income -5.5 -9.0 -37.4 -10.3
 Expenses -6.4 -5.0 -37.6 -14.0
 Net profit -13.9 -49.4 -55.7 30.0
 PAT margin (%) 5.7 3.3 4.5 8.1
 Net fixed assets 13.3 6.0
 Current assets 3.0 0.7
 Current liabilities 5.7 -2.9
 Borrowings 15.7 8.1
 Reserves & surplus 1.5 4.5
 Count of Cos. 3,312 3,229 3,221 3,160
Numbers are net of P&E
Updated on: 01 Dec 2020 9:28AM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.4 0.3
 Expenses 9.9 13.7 0.9
 Net profit -40.5 21.9 -18.3
 PAT margin (%) 2.0 2.3 4.2
 Assets 10.9 9.5 9.3
 Net worth 7.5 8.6 4.8
 RONW (%) 3.5 4.2 6.0
 Count of Cos. 28,425 27,638 6,888
Non-financial Companies
 Income 8.7 13.9 -2.8
 Expenses 8.8 14.1 -1.7
 Net profit -9.1 23.0 -27.7
 PAT margin (%) 2.7 3.1 4.4
 Net fixed assets 7.2 5.5 13.2
 Net worth 6.1 8.4 1.7
 RONW (%) 5.6 6.8 7.5
 Debt / Equity (times) 1.0 1.0 0.8
 Interest cover (times) 2.1 2.4 2.8
 Net working capital cycle (days) 77 70 57
 Count of Cos. 23,077 22,402 5,084
Numbers are net of P&E
Updated on: 28 Nov 2020 11:22AM