Economy #india#capex
India Inc's Capex Chronicles: Fixed Asset Growth Slows, Capacity Utilisation Nears Peak
An analysis by The Hindu Business Line of 1,002 companies (excluding BFSI and IT) over FY17-26 reveals mixed capex trends. Fixed asset growth slowed to 4% in FY26, the second-lowest in a decade, while net sales grew at 10% CAGR. The asset turnover ratio reached 1.65x in FY26, approaching its peak, indicating that capacity utilisation is high and a new investment cycle may be imminent.
Jul 8, 2026 1 source