PSUs at a Glance

CPSEs Sustaining Growth Trajectory
Public Enterprises Survey 2014-15, 55th in the series, gives a consolidated picture if Performance of Central Public Sector Enterprises (CPSEs) which are spread over length and breadth of the country. As on 31st March 2015, there were 298 CPSEs (excluding seven Insurance companies) with a total investment of Rs 10, 96,057 crore as on 31st March, 2015, consisting of 235 operating and 63 under construction CPSEs.

We give below highlights and macro view of performance of operating CPSEs, Table of Top 10 Profit and Loss Making CPSEs.

Highlights

• Total paid up capital in 298 CPSEs as on 31.3.2015 stood at Rs.2,13,020 crore compared to Rs.1,98,722 crore as on 31.3. 2014 (290 CPSEs), showing a growth of 7.19%.

• Total investment (equity plus long term loans) in all CPSEs stood at Rs. 10,96,057 crore as on 1.3.2015 compared to Rs.9,92,096 crore as on 31.3.2014, recording a growth of 10.48%.

• Capital Employed (Paid up capital plus reserve & surplus and long term loans) in all CPSEs stood at Rs.18,67,730 crore on 31.3.2015 compared to Rs.17, 39,090 crore as on 31.3.2014 showing a growth of 7.40 %.

• Total turnover/gross revenue from operation of all CPSEs during 2014-15 stood at Rs. 19, 95,902 crore compared to Rs.20, 66,057 crore in the previous year showing a reduction in turnover of 3.40 %.

• Total income of all CPSEs during 2014-15 stood at Rs.19, 65,254 crore compared to Rs.20, 56,336 crore in 2013-14, showing a reduction in income of 4.43%.

• Profit of profit making CPSEs stood at Rs.1, 30,363 crore during 2014-15 compared to Rs. 1,49,636 crore in 2013-14 showing a decline in profit of 12.88%.

• Loss of loss incurring CPSEs stood at Rs. 27, 360 crore in 2014-15 compared to Rs. 21, 341 crore in 2013-14 showing a increase in loss by 28.20 %.

• Overall net profit of all 235 CPSEs during 2014-15 stood at Rs. 1,03,003 crore compared to Rs. 1,28,295 crore during 2013-14 showing a decrease in overall profit of 19.71%.

s • Reserves & Surplus of all CPSEs went up from Rs.7, 46,994 crore in 2013-14 to Rs. 7, 71,672 cores in 2014-15, showing an increase by 3.30 %.

• Net worth of all CPSEs went up from Rs. 9,45,717 crore in 2013-14 to Rs. 9,84,692 crore in 2014-15 registering a growth of 4.12 %.

• Contribution of CPSEs to Central Exchequer by way of excise duty, customs duty, corporate tax, interest on Central Government loans, dividend and other duties and taxes decreased from Rs. 2,20,982 crore in 2013-14 to Rs. 2,00,585 crore in 2014-15, showing a decline of 9.23%.

• Foreign exchange earnings through exports of goods and services decreased from Rs. 1,45,196 crore in 2013-14 to Rs. 1,03,071 crore in 2014-15, showing a reduction of 29.01%.

• Foreign exchange outgo on imports and royalty, know-how, consultancy, interest and other expenditure decreased from Rs. 6,76,870 crore in 2013-14 to Rs. 5,44,560 crore in 2014-15 showing a reduction of 19.55%.

• CPSEs employed 12.91 lakh people (excluding contractual workers) in 2014-15 compared to 13.49 lakh in 2013-14, showing a reduction in employees by 4.30%.

• Salary and wages went up in all CPSEs from Rs. 1,22,322 crore in 2013-14 to Rs. 1,27,387 crore in 2014-15 showing a growth of 4.14 %.

• Total Market Capitalization 45 CPSEs traded on stock exchanges of India as on 31.03.2015. Based on stock prices on Mumbai Stock Exchange, as on 31.03.2015, the market capitalization of 45 CPSEs stood at Rs.13,27,127 crore as against Rs.11,02,730 crore stood as on 31.03.2014. Thus, there was increase in market capitalization of CPSEs by 20.35% (Rs. 2,24,397 crore) as on 31.03.2015 over market capitalization as on 31.03.2014.

• M_Cap of CPSEs as per cent of BSE M_Cap decreased from 14.87% as on 31.3.2014 to 13.08% as on 31.3.2015.

Macro-view of performance of operating CPSEs ( in crore)

 

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

No. of Operating Enterprises

227

226

217

214

213

217

220

225

230

234

235

Capital Employed

504407

585484

661338

724009

792232

908007

1153833

1337821

1508177

1715684

1834050

Total Gross Turnover/Revenue

744307

837295

964890

1096308

1271529

1244805

1498018

1822049

1945814

2061866

1995902

Total Net Income/Revenue

734944

829873

970356

1102772

1309639

1272219

1470569

1804614

1931186

2052349

1965235

Net Worth

341595

397275

454134

518485

583144

652993

709498

776162

850921

931018

962791

Profit before dep., Impairment, Int., Exc. Items, Ex. Ord. Items & Taxes (PBDIEET)

142554

150262

177990

195049

186836

211184

216602

250654

255936

292454

281634

Depreciation, Depletion & Amortization

33147

34848

33141

36668

36780

41603

57118

63591

66109

69840

77530

DRE/Impairment

986

992

5841

5802

7661

9565

187

154

436

856

549

Profit before Interest, Exe. Items, Ex. Ord. Items & Taxes (PBIEER)

108420

114422

139008

152579

142395

160017

159298

186910

189390

221758

203555

Interest

22869

23708

27481

32126

39300

36060

26521

36152

38184

53171

56801

Profit before Exp. Items Ex. Or. Items & Taxes (PBEET)

85550

90714

111527

120453

103095

123957

132777

150758

151207

168586

146754

Exceptional Items

-

-

-

-

-

-

-1479

3957

-13525

-14222

-2493

Profit before Ex. Or. Items & Tax (PBET)

85550

90714

111527

120453

103095

123957

134256

146801

164732

182809

149246

Extra Ordinary Items

-1075

-3192

-3880

-1570

-14600

-8264

-2695

-428

-1276

-1127

-985

Profit before Tax (PBT)

86625

93906

115407

122023

117695

132221

136951

147230

166008

183936

150232

Tax Provisions

21662

24370

34352

40749

33828

40018

44871

48985

51025

55077

47229

Net Profit/Loss after Tax from Continuing Operations

64963

69536

81055

81274

83867

92203

92079

98245

114982

128859

103002

Net Profit/Loss after Tax from Discontinuing Operations

-

-

-

-

-

-

49

1

-1

250

0

Overall Net Profit/Loss

64963

69536

81055

81274

83767

92203

92129

98246

114981

129109

103003

Profit of Profit-making CPSEs

74432

76382

89581

91577

98488

108434

113944

125929

143543

149164

130363

Loss of Loss incurring CPSEs

9003

6845

8526

10303

14621

16231

-21816

-27683

-28532

-20055

-27360

Profit - making CPSes (No.)

143

160

154

160

158

157

158

161

151

163

157

Loss - incurring CPSEs (No.)

73

63

61

54

55

60

62

64

78

71

77

CPSEs making no Profit/Loss (No.)

-

1

1

-

-

-

0

0

1

0

1

Dividend

20718

22886

26819

28123

25501

33223

35700

42627

49703

65115

56527

Dividend Tax

2852

3215

4107

4722

4132

5151

5372

5877

6704

8700

8642


Top Ten Profit Making CPSEs (2013-14)( in crore)

SI. No.

CPSE Name

Net Profit

% share in total net profit

(1)

(2)

(3)

(4)

1

Oil & Natural Gas Corporation Ltd.

17732.95

22.72

2

Coal India Ltd.

13383.39

17.15

3

NTPC Ltd.

10290.86

13.19

4

NMDC Ltd.

6421.86

8.23

5

Power Finance Corporation Ltd.

5959.33

7.64

6

Indian Oil Corporation Ltd.

5273.03

6.76

7

Rural Electrification Corpn. Ltd.

5259.87

6.74

8

Bharat Petroleum Corporation Ltd..

5084.51

6.81

9

Power Grid Corporation of India Ltd.

4979.17

6.38

10

South Eastern Coalfields Ltd.

3659.93

4.69

 

 

78044.90

59.87

 

Total (1 to 10) Net Profit of Profit making CPSEs

130362.50

 


Ten Major Loss Making CPSEs (2013-14)( in crore)

SI. No.

CPSEs Name

Net Profit

% share in total net profit

(1)

(2)

(3)

(4)

1

Bharat Sanchar Nigam Ltd.

-8234.09

35.22

2

Air India Ltd.

-5859.91

25.06

3

Mahanagar Telephone Nigam Ltd.

-2893.39

12.38

4

Hindustan Photo Films & Mfg. Company Ltd.

-2164.36

9.26

5

Mangalore Refinery & Petrochemicals Ltd.

-1712.23

7.32

6

Hindustan Cables Ltd.

-932.99

3.99

7

STCL Ltd.

-412.59

1.76

8

Fertilizers & Chemicals (Travancore) Ltd.

-399.91

1.71

9

Air India Engineering Services Ltd.

-389.50

1.67

10

Hindustan Fertilizers Corporation Ltd.

-380.75

1.63

 

Total (1 to 10)

-23379.72

85.45

 

Net Loss of Loss making CPSEs

-27359.82

100.00

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