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Flipkart India Annual Reports, Balance Sheet and Financials

Flipkart India Private Limited (Flipkart India ) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Flipkart India Private Limited

Flipkart India Private Limited Balance Sheet (Amt. in Lakhs)

PARTICULARS 2023 2022 2021
Equity & Liabilities      
Equity share capital 134.51 122.91 97.89
Other equity 10,53,130.00 10,34,360.00 5,00,760.00
Non-current liabilities      
Financial liabilities      
Borrowings - - -
Trade payables - - -
Other financial liabilities - - -
Provisions - - 1,250.00
Deferred tax liabilities (net) - - -
Other liabilities 1,640.00 1,950.00 -
Current liabilities      
Financial liabilities      
Borrowings 31,180.00 51,130.00 70,970.00
Trade payables 8,29,550.00 5,87,500.00 6,28,530.00
Other financial liabilities 10,210.00 10,320.00 3,470.00
Provisions 680.00 2,430.00 1,460.00
Current tax liabilities (net) - - -
Other liabilities 24,110.00 23,290.00 20,260.00
Liabilities associated with assets in disposal group - - -
Regulatory deferral account credit balances      
Total liabilities 8,97,370.00 6,76,620.00 7,25,940.00
Total equity and liabilities 19,50,634.51 17,11,102.91 12,26,797.89
       
Assets      
Non-current assets      
Property plant and equipment 50.00 10.00 30.00
Capital work in progress - - -
Investment property - - -
Goodwill 180.00 180.00 180.00
Intangible assets - 10.00 20.00
Intangible assets under development - - -
Financial assets      
Investments 1,22,370.00 1,00,180.00 41,620.00
Trade receivables - - -
Loans - - -
Other financial assets - - -
Deferred tax assets (net) - - -
Other assets 21,910.00 8,240.00 2,740.00
       
Current assets       
Inventories 6,43,110.00 6,16,420.00 5,56,330.00
Financial assets      
Investments - - -
Trade receivables 5,18,600.00 5,12,680.00 2,58,230.00
Cash and cash equivalents 65,990.00 390.00 7,670.00
Other bank balances with banks - - -
Loans 1,34,040.00 1,01,280.00 35,930.00
Other financial assets 20,320.00 28,180.00 49,720.00
Current tax assets - - -
Other assets 4,24,060.00 3,43,530.00 2,74,330.00
Noncurrent assets held for sale - - -
Regulatory deferral account debit balances      
Total assets 19,50,630.00 17,11,100.00 12,26,800.00

Flipkart India Private Limited Balance Sheet (Amt. in Lakhs)

PARTICULARS 2023 2022 2021
Continuing Operations      
Revenue from operations 55,82,390.00 50,99,250.00 42,94,170.00
Other income 18,890.00 18,320.00 41,480.00
Total revenue 56,01,280.00 51,17,570.00 43,35,650.00
Cost of materials consumed - - -
Purchases of stock in trade 59,81,660.00 53,87,860.00 47,62,990.00
Changes in inventory -26,690.00 -60,090.00 -2,59,980.00
Employee benefit expenses 63,920.00 62,740.00 38,500.00
Finance costs 16,970.00 14,150.00 8,430.00
Depreciation and amortization 30.00 70.00 70.00
Other expenses 49,960.00 53,270.00 30,120.00
Total expenses 60,85,850.00 54,58,000.00 45,80,130.00
Profit before exceptional items and tax -4,84,570.00 -3,40,430.00 -2,44,480.00
Exceptional items before tax - - -
Profit before tax -4,84,570.00 -3,40,430.00 -2,44,480.00
Current tax expense - - -
Deferred tax expense - - -
Net movement in regulatory deferral account balances - - -
Profit / loss from continuing operations -4,84,570.00 -3,40,430.00 -2,44,480.00
Profit / loss from discontinuing operations (after tax) - - -
Net profit/loss after tax -4,84,570.00 -3,40,430.00 -2,44,480.00
Other comprehensive income 640.00 4,190.00 1,020.00
Total comprehensive income / losses for the year -4,83,930.00 -3,36,240.00 -2,43,460.00

Flipkart India Private Limited Consolidated Cash Flow Statement (In Rs. Millions)

PARTICULARS 2023 2022
Cash flows from used in operating activities [Abstract]    
Profit before tax -48,457 -34,043
Adjustments for reconcile profit (loss) [Abstract]    
Adjustments for decrease (increase) in inventories -2,669 -6,009
Adjustments for decrease (increase) in trade receivables, current -619 -24,882
Adjustments for decrease (increase) in other current assets -8,478 -7,218
Adjustments for decrease (increase) in other non-current assets 0 -1
Adjustments for other financial assets, current 666 -455
Adjustments for increase (decrease) in trade payables, current 21,394 -6,665
Adjustments for increase (decrease) in other current liabilities 93 257
Adjustments for depreciation and amortisation expense 3 7
Adjustments for provisions, current -179 145
Adjustments for provisions, non-current 33 49
Adjustments for other financial liabilities, current -36 36
Adjustments for unrealised foreign exchange losses gains 22 -79
Other adjustments to reconcile profit (loss) 3,140 2,883
Total adjustments for reconcile profit (loss) 13,370 -41,932
Net cash flows from (used in) operations -35,087 -75,975
Interest paid -1,308 -1,186
Interest received -1,135 -1,116
Income taxes paid (refund) 1,114 549
Net cash flows from (used in) operating activities -36,028 -76,454
Cash flows from used in investing activities [Abstract]    
Cash flows used in obtaining control of subsidiaries or other businesses 1,691 5,416
Proceeds from sales of property, plant and equipment 7 1
Purchase of property, plant and equipment 8 4
Proceeds from sales of investment property 97 51
Purchase of investment property 528 0
Cash advances and loans made to other parties 2,59,500 3,36,976
Cash receipts from repayment of advances and loans made to other parties 2,56,223 3,30,435
Interest received 984 3,141
Net cash flows from (used in) investing activities -4,416 -8,768
Cash flows from used in financing activities [Abstract]    
Proceeds from issuing shares 50,271 86,986
Proceeds from borrowings 4,33,167 3,97,205
Repayments of borrowings 4,35,161 3,99,190
Interest paid 1,280 507
Other inflows (outflows) of cash 7 0
Net cash flows from (used in) financing activities 47,004 84,494
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 6,560 -728
Net increase (decrease) in cash and cash equivalents 6,560 -728
Cash and cash equivalents cash flow statement at end of period 6,599 39

Let 's break down the Cash Flow Statement of Flipkart India Private Limited for the years 2023 and 2022, activity-wise:

 

1. Operating Activities:

   - In 2023, there was a significant improvement in net cash outflow from operating activities compared to 2022, indicating potential operational efficiency or better management of working capital.

   - Adjustments for reconciling profit (loss) in 2023 resulted in a total positive adjustment of Rs.13,370 million, in contrast to a substantial negative adjustment of -Rs.41,932 million in 2022. This suggests better control over factors affecting profitability and cash flow generation.

 

2. Investing Activities:

   - Net cash outflow from investing activities decreased in 2023 compared to 2022, indicating potentially lower capital expenditure or divestment activities during the period.

   - Cash advances and loans made to other parties were substantially higher in 2023 (Rs.259,500 million) compared to 2022 (Rs.336,976 million), possibly indicating increased investment activities or financing provided to other entities.

 

3. Financing Activities:

   - There was a decrease in net cash inflow from financing activities in 2023 compared to 2022, suggesting potentially lower proceeds from issuing shares and borrowings, as well as higher repayments of borrowings during the period.

   - Proceeds from issuing shares were significantly lower in 2023 (Rs.50,271 million) compared to 2022 (Rs.86,986 million), indicating potential changes in the company 's financing strategy or market conditions.

 

4. Overall Cash Position:

   - Despite the decrease in net cash inflow from financing activities, there was a net increase in cash and cash equivalents in 2023 (Rs.6,560 million), indicating effective management of cash flows from operating and investing activities.

   - The ending cash and cash equivalents balance in 2023 (Rs.6,599 million) showed a substantial improvement compared to 2022 (Rs.39 million), indicating a healthier cash position at the end of the period.

 

5. Interest and Taxes:

   - Interest paid and received remained relatively stable between the two years, with slight fluctuations.

   - Income taxes paid (refund) increased in 2023 compared to 2022, possibly due to higher taxable income or changes in tax regulations.

 

Flipkart India Private Limited Financial Ratios for the year 2023, 2022 and 2021 ::

Particulars

2023

2022

2021

Total Debt/Equity Ratio

0.06

0.08

0.19

Total Debt/Total Assets Ratio

0.03

0.05

0.08

Total Assets/Equity Ratio

1.85

1.65

2.45

Net Debt/Equity Ratio

0.00

0.08

0.17

Quick Ratio

0.65

0.76

0.37

Current Ratio

2.02

2.38

1.63

Interest Coverage Ratio

-27.55

-23.06

-28.00

Gross Margin

-6.67

-4.48

-4.86

Net Margin

-8.65

-6.65

-5.64

EBITDA Margin

-8.35

-6.37

-5.44

Return on Fixed Assets

-969140.00

-1702150.00

-488960.00

Return on Equity

-46.01

-32.91

-48.81

Return on Capital Employed

-51.36

-35.17

-51.59

Total Asset Turnover

2.87

2.99

3.53

Fixed Asset Turnover

111648.00

254962.00

85883.40

Days Receivables Outstanding

33.00

36.00

21.00

Days Payables Outstanding

50.00

39.00

50.00

Days of Inventory

39.00

42.00

45.00

 

Let’s break down and analyze each of these financial indicators of Flipkart India Private Limited for the year 2023, 2022 and 2021:

 

1. Total Debt/Equity Ratio:

   - Indicates the proportion of debt relative to equity. A lower ratio is generally preferred as it signifies lower financial risk.

   - The ratio decreased from 2021 to 2023, indicating a reduction in the reliance on debt to finance operations.

 

2. Total Debt/Total Assets Ratio:

   - Reflects the percentage of assets financed by debt. A lower ratio suggests less financial risk.

   - Similar to the Total Debt/Equity ratio, this ratio also decreased over the years.

 

3. Total Assets/Equity Ratio:

   - Demonstrates the relationship between total assets and equity. Higher ratios indicate higher financial leverage.

   - The ratio decreased from 2021 to 2022 and then increased slightly in 2023.

 

4. Net Debt/Equity Ratio:

   - Indicates the proportion of net debt (total debt minus cash and equivalents) to equity.

   - The company managed to eliminate net debt by 2023, indicating a healthy financial position in terms of debt management.

 

5. Quick Ratio:

   - Measures the ability to meet short-term obligations with liquid assets.

   - The ratio decreased over the years but remains above 1, indicating the company still has sufficient liquid assets to cover short-term liabilities.

 

6. Current Ratio:

   - Another liquidity measure, but includes all current assets rather than just liquid ones.

   - The ratio decreased slightly over the years but remains above 1, indicating good short-term financial health.

 

7. Interest Coverage Ratio:

   - Indicates the company 's ability to cover interest expenses with its operating income.

   - The negative values indicate that the company 's operating income is insufficient to cover its interest expenses, which is a concerning trend.

 

8. Gross Margin, Net Margin, EBITDA Margin:

   - These margins represent profitability at different levels of operations.

   - All three margins show negative values, indicating that the company is operating at a loss.

 

9. Return on Fixed Assets, Return on Equity, Return on Capital Employed:

   - These ratios measure the efficiency of asset utilization and profitability.

   - All ratios show negative values, indicating poor performance in utilizing assets and generating returns for shareholders.

 

10. Total Asset Turnover, Fixed Asset Turnover:

    - These ratios measure the efficiency of asset utilization in generating sales.

    - Both ratios show a slight decrease over the years, indicating a reduction in asset turnover efficiency.

 

11. Days Receivables Outstanding, Days Payables Outstanding, Days of Inventory:

    - These ratios measure the average number of days it takes to collect receivables, pay payables, and sell inventory.

    - The days receivables outstanding and days payables outstanding decreased over the years, indicating improvements in receivables and payables management. However, days of inventory increased, indicating slower inventory turnover.

 

Dividend History of Flipkart India Private Limited:

Particulars

2023

2022

2021

Dividend (final + interim) (In Rs.)

-

-

-

 

Annual Report

Flipkart India Annual Report 2022-23

Download

Flipkart India Annual Report 2021-22

Download
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