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The Department of Public Enterprises being a nodal Department presents to Parliament every year an overview of the financial, physical and socio-economic performance of Central Public Sector Enterprises. According to the Public Enterprises Survey 2003-04 laid in both the Houses of Parliament today, the total number of Central PSEs was 242 as on 31.3.2004, out of which 230 PSEs were in operation and 12 under construction. The total investment in terms of paid up capital + share application money + long term loans as on 31.3.2004 in these enterprises was Rs.349209 crore. Out of 230 operating enterprises 140 were profit making, 88 were loss making and 2 PSEs incurred neither any profit nor any loss during 2003-04.
During the year 2003-04, there has been a remarkable improvement in the overall performance of the CPSEs. The major highlights of the 242 enterprises are as under: -
- Net profit has increased to Rs.53169 crore in 2003-04 from Rs.32399 crore in 2002-03 resulting in an increase of 64.10%. Return on equity share capital: Net profit (paid-up capital + Share Application) was 44.62% for 2003-04 i.e. Earning Per Share (EPS) was Rs.4.46 per share of Rs.10/- as against EPS of Rs.2.89/- in the previous year.
- Profit Before Tax (PBT) has increased to Rs.75291 crore in 2003-04 from Rs.49831 crore in 2002-03 registering an increase of 51.09%. Profit Before Tax to Net Worth for 2003-04 works out 25.32%.
- Profit before interest, depreciation and tax has increased to Rs. 130309 crore in 2003-04 from Rs.101205 crore in 2002-03, thereby registering a growth of 28.76%.
- Public Sector Enterprises as a whole have earned a return on investment (profit before interest and tax to capital employed) of 21.86%.
- Turnover/operating income has increased by 9.53%. In absolute terms, the turnover has increased by Rs.50975 crore i.e. from Rs.535165 crore in 2002-03 to Rs.586140 crore in 2003-04.
- Overall performance as measured by MOUs:- Out of 96 MOU signing Public Sector Enterprises evaluated, 53 were rated as “Excellent” and 23 as “Very Good”.
- Increase in investment in Central Public Sector Enterprises by Rs.13562 crore i.e. from Rs.335647 crore in 2002-03 to Rs.349209 in 2003-04, an increase of 4.04%.
- Capital employed of public sector enterprises has gone up by 8.21% i.e. from Rs. 417931 crore in 2002-03 to Rs.452250 crore in 2003-04.
- Increase in Net Worth by Rs.46514 crore i.e. from Rs.250822 crore in 2002-03 to Rs.297336 crore in 2003-04, an increase of 18.54%.
- Foreign Exchange Earnings by exports of goods and rendering various types of services has increased to Rs.34893 crore in 2003-04 from Rs.26296 crore during 2002-03.
- Central Public Sector Enterprises have declared a dividend of Rs.15283 crore in 2003-04 as against Rs.13768 crore during 2002-03 , an increase of 11%. The dividend pay out ratio has gone down to 28.74% as against 42.50% in the previous year.
- The contribution to Central Exchequer by way of excise duty, customs duty, corporate tax, interest on central Government loans, dividend and other duties and taxes has gone up by Rs.7158 crore i.e. from Rs.81867 crore in 2002-03 to Rs.89025 crore in 2003-04, an increase of 8.74%.
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