Bang for their buck: Behind corporate India's asset efficiency

Businesses are doing better two years after the pandemic began, but not everyone is sailing smoothly

Indian companies are wringing more business from existing assets than they were in the immediate aftermath of the Covid-19 pandemic.

A median company generated around Rs 94 in sales for every Rs 100 worth of assets in 2018-19. This dropped to Rs 86 in 2019-20, and then to Rs 79 in 2020-21.

Companies are showing signs of improvement for the first time since the pandemic began at the end of 2019-2020. They made Rs 91 worth of sales in 2021-22, as seen in chart 1.

This analysis considered 636 listed companies with comparable data across the years. The improvement over