The aggregate dividend payout by corporate India may be lower in the current financial year (2011-12), compared to 2010-11.
Sectors that will drive profit growth include refineries, private banks, capital goods, cement, fast moving consumer goods, metals and oil & gas. Sectors with disappointing growth are public sector banks, construction, media, pharmaceuticals, steel, textiles, telecom and tyres.
Equity dividend payment rises 14.9 per cent in 2010-11.
Net sales rose 26 per cent but profit rose at a slower 22.7 per cent, as operating margins took a hit by 160 basis points, year on year.
Order inflows during the quarter-ended September declined 31.5 per cent compared to the level a year ago. Companies are still not committing fresh capital expansion.
Capex plans for the next six months imply a 20 per cent increase in calendar 2010.
India Inc's order book doubled in the fourth quarter (January-March) of the last financial year compared, to the year-ago period.
A study of 435 companies listed on the Bombay Stock Exchange, which provide their capital-employed data on a quarterly basis, shows capex grew by a meagre 3.4 per cent in the nine months ending December 2009, compared to the level in March 2009.
QIP is a capital raising tool, whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants that are convertible to equity shares to a Qualified Institutional Buyer.
Manufacturing sector suffers from project delays, lack of fresh capital.
This year was the best since 1991, with benchmark indices rising over 100 per cent from their March lows.
India Inc could set a new fund-raising record in 2010. Even before the year starts, companies have lined up equity raising plans of Rs 1,50,000 crore, close to two-and-a-half times of what they raised through share sales this year.
The number of FIIs registering with Sebi this year touches six-year low.
The reason is obvious: Both the benchmark indices have almost doubled from their March 2009 levels. The reasons for the stake sales vary from meeting their company's working capital requirements to debt repayment. A few did so for business expansion.
India Inc's order book has more than doubled to an all-time high of Rs 73,320 crore in the second quarter of the current financial year, compared to the first quarter.
It's actually a problem of plenty for investors now. Buoyed by the success of the three companies that sold their QIP issues within a day of opening, as many as 32 companies have joined the queue, hoping to raise a combined Rs 40,000 crore (Rs 400 billion).
In rupee terms, market capitalisation inches closer to GDP.
Besides coming back to power in the recent elections, the Congress-led United Progressive Alliance (UPA) government has more reasons to smile.
Number of people with net worth of at least Rs 100 crore at 475 now.
Ripples of Indias largest corporate scam along with poor quarterly performance have made more than half of the actively traded companies on the Bombay Stock Exchange (BSE) opt not to disclose their fourth quarter un-audited results this month. Instead, they would announce only their annual audited results, before the end of June.
