Snapdeal Latest Annual Reports, Balance Sheet and Financials

Snapdeal Limited Balance Sheet (In Rs. Crore)

Snapdeal Limited Statement of Profit & Loss (In Rs. Crore)

Snapdeal Cash Flow Statement for the last three years (In Rs. Crore)

Summary of Snapdeal Cash Flow Statement:

1. Cash Flow from Operating Activities:

   - Net cash from operating activities was negative, indicating cash outflow, amounting to Rs. 338.16 crore in the year ending March 31, 2022, Rs. 91.49 crores in the year ending March 31, 2021, and further decreased to Rs. 371.84 crore in the year ending March 31, 2020.

   - Net profit before tax and extraordinary items was negative, indicating losses, amounting to Rs. 507.21 crore in the year ending March 31, 2022, Rs. 126.08 crores in the year ending March 31, 2021, and further decreased to Rs. 273.54 crore in the year ending March 31, 2020.

   - Adjustments include depreciation, interest (net), profit/loss on sales of investments, provisions and write-offs, profit/loss in forex, and other adjustments.

   - Cash generated from operations was negative, indicating cash outflow, amounting to Rs. 330.31 crores in the year ending March 31, 2022, Rs. 105.92 crores in the year ending March 31, 2021, and further decreased to Rs. 378.42 crores in the year ending March 31, 2020.

   - Direct taxes were paid and other adjustments were made.

2. Cash Flow from Investing Activities:

   - Net cash used in investing activities was positive, indicating cash inflow, amounting to Rs. 237.85 crore in the year ending March 31, 2022, Rs. 140.75 crores in the year ending March 31, 2021, and further increased to Rs. 362.87 crore in the year ending March 31, 2020.

   - Activities include the purchase and sale of fixed assets, sale of investments, and interest received.

3. Cash Flow from Financing Activities:

   - Net cash used in financing activities was positive, indicating cash inflow, amounting to Rs. 92.69 crore in the year ending March 31, 2022, Rs. 4.12 crore in the year ending March 31, 2021, and further decreased to Rs. 2.92 crore in the year ending March 31, 2020.

   - Activities include proceeds from the issue of shares (including share premium), long-term borrowings, financial liabilities, interest paid, and other financing activities.

4. Net Increase/(Decrease) in Cash and Cash Equivalents:

   - There was a decrease in cash and cash equivalents of Rs. 7.62 crores in the year ending March 31, 2022, an increase of Rs. 45.14 crores in the year ending March 31, 2021, and a decrease of Rs. 11.9 crores in the year ending March 31, 2020.

   - Cash and cash equivalents at the beginning of the year were Rs. 47.59 crore in the year ending March 31, 2022, Rs. 2.45 crore in the year ending March 31, 2021, and Rs. 14.35 crore in the year ending March 31, 2020.

   - Cash and cash equivalents at the end of the year were Rs. 39.97 crore in the year ending March 31, 2022, Rs. 47.59 crore in the year ending March 31, 2021, and further increased to Rs. 2.45 crore in the year ending March 31, 2020.

Funds Flow Statement of Snapdeal Limited (In Rs. Crore)

Snapdeal Key Financial Ratios

Summary of the key financial ratios for Snapdeal:

1. Debt-Equity Ratio: This ratio measures the proportion of debt financing compared to equity financing. Snapdeal has consistently maintained a low debt-equity ratio, with a value of 0 in March 2022, 0.01 in March 2021, and 0.02 in March 2020. This indicates that the company relies more on equity financing and has minimal debt obligations.

2. Long-Term Debt-Equity Ratio: Similar to the debt-equity ratio, this ratio specifically focuses on long-term debt. Snapdeal also shows a low long-term debt-equity ratio, with a value of 0 in March 2022, 0.01 in March 2021, and 0.01 in March 2020. This implies that the company has limited long-term debt relative to equity.

3. Current Ratio: The current ratio assesses a company 's short-term liquidity and ability to meet its current obligations. Snapdeal 's current ratio has been relatively stable and above 1, indicating a favorable liquidity position. The ratio was 1.6 in March 2022, 1.51 in March 2021, and 1.15 in March 2020. A current ratio above 1 suggests that Snapdeal can cover its short-term liabilities with its current assets.

4. Turnover Ratios:

   a. Fixed Assets Turnover Ratio: This ratio measures how efficiently a company utilizes its fixed assets to generate revenue. Snapdeal 's fixed assets turnover ratio has shown improvement over the years, increasing from 1.49 in March 2021 to 1.71 in March 2022. A higher ratio indicates better utilization of fixed assets to generate sales.

   b. Debtors Turnover Ratio: The debtors turnover ratio evaluates how effectively a company collects payments from its debtors. Snapdeal 's ratio has decreased from 49.82 in March 2021 to 46.82 in March 2022, suggesting a slight delay in debt collection.

   c. Total Asset Turnover Ratio: This ratio measures the efficiency of utilizing all assets to generate sales. Snapdeal 's total asset turnover ratio has fluctuated, with a value of 0.78 in March 2021, 1.26 in March 2022, and 1.32 in March 2023. The increase in the ratio indicates improved sales generated from the company 's total assets.

5. Interest Cover Ratio: The interest cover ratio assesses a company 's ability to cover its interest expenses with its operating profit. Snapdeal has shown negative values in this ratio, implying that the company 's operating profit is insufficient to cover its interest expenses. The ratio worsened over time, with -89.06 in March 2021, -191.63 in March 2020, and a significant decline to -226.45 in March 2022.

6. Profitability Ratios:

   a. PBIDTM (%): This ratio represents the profit before interest, depreciation, and tax as a percentage of total income. Snapdeal has experienced negative values in this ratio, indicating losses. The ratio decreased from -15.77% in March 2021 to -89.8% in March 2022.

   b. PBITM (%): The PBITM ratio calculates the profit before interest and tax as a percentage of total income. Similarly, Snapdeal 's profitability has been negative, with a decline from -26.43% in March 2021 to -93.59% in March 2022.

   c. PBDTM (%): This ratio represents the profit before depreciation and tax as a percentage of total income. Snapdeal has consistently shown negative values in this ratio as well. It decreased from -16.07% in March 2021 to -90.21% in March 2022.

   d. CPM (%): The CPM ratio, also known as the cost per thousand, measures advertising costs per thousand impressions. Snapdeal 's CPM ratio has been negative, reflecting a loss in advertising expenses. The ratio declined from -16.26% in March 2021 to -90.35% in March 2022.

   e. APATM (%): The APATM ratio represents the net profit after tax as a percentage of total income. Snapdeal has consistently reported negative values in this ratio, indicating net losses. The ratio decreased from -26.92% in March 2021 to -94.14% in March 2022.

Overall, the financial ratios suggest that Snapdeal has been grappling with losses and profitability challenges. The company has maintained a low debt-equity ratio and favorable liquidity position, but its profitability ratios indicate significant losses and financial difficulties.

Snapdeal Share Dividend History

Snapdeal Limited Recent Financial Performance

• Revenue from Operations increased by 14.37% from Rs. 471.76 Crore in FY 2022 to Rs. 539.58 Crore in FY 2023.

• The Finance cost of the company increased by 2.53% from Rs. 0.79 Crore to Rs. 0.81 Crore.
• Loss after tax increased by 299% from Rs. 126.98 Crore in FY 2022 to Rs. 507.21 Crore in FY 2023.
• For FY 2023, the company’s EPS was Rs. -12.90.
• The current Ratio of the company as of 31st March 2023 is 1.6.
• The book value per share of the company as of 31st March 2023 is Rs. 3.97.