| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| ESDS Software Solution Limited |
| PARTICULARS | 2023 | 2022 |
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 1,967.48 | 2,043.32 |
| Right-of-use of assets | 830.73 | 850.9 |
| Capital work-in-progress | - | 0.7 |
| Intangible assets | 109.73 | 164.53 |
| Financial Assets | ||
| Non-current financial assets | 146.61 | 206.03 |
| Other non-current assets | 2.18 | 2.13 |
| Total non-current assets | 3,056.73 | 3,267.61 |
| Current assets | ||
| Current financial assets | ||
| Trade receivables | 571.34 | 638.53 |
| Unbilled Receivable | 314.07 | 339.05 |
| Cash and cash equivalents | 168.86 | 350.6 |
| Other bank balances | 409.69 | 146.39 |
| Other current financial assets | 52.7 | 78.01 |
| Income-tax assets | 234.93 | 163.7 |
| Other current assets | 184.33 | 241.43 |
| Total current assets | 1,935.92 | 1,957.72 |
| Total assets | 4,992.65 | 5,225.34 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 92.89 | 91.57 |
| Other equity | ||
| Equity component of compound financial instrument | - | - |
| Reserves and surplus | 1,963.07 | 1,897.04 |
| Other reserves | 49.96 | 68.44 |
| Equity attributable to owners of ESDS Software Solution Limited | 2,105.92 | 2,057.05 |
| Non-controlling interest | -4.38 | -4.31 |
| Total equity | 2,101.54 | 2,052.74 |
| LIABILITIES | ||
| Non-current liabilities | ||
| Non current financial liabilities | ||
| Non-current borrowings | 929.8 | 655.88 |
| Lease liabilities | 558.7 | 608.31 |
| Other non-current financial liabilities | - | - |
| Employee benefit obligations | 91.06 | 83.97 |
| Deferred tax liabilities (net) | -16.49 | 36.14 |
| Total non-current liabilities | 1,563.07 | 1,384.30 |
| Current liabilities | ||
| Current financial liabilities | ||
| Current borrowings | 718.49 | 678.66 |
| Lease liabilities | 145.2 | 205 |
| Trade payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 59.78 | 10.71 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 219.52 | 253.94 |
| Other current financial liabilities | 57.38 | 537.31 |
| Employee benefit obligations | 3.08 | 3.09 |
| Income-tax liabilities | - | 0.26 |
| Other current liabilities | 124.59 | 99.33 |
| Total current liabilities | 1,328.05 | 1,788.30 |
| Total liabilities | 2,891.11 | 3,172.59 |
| Total equity and liabilities | 4,992.65 | 5,225.34 |
| PARTICULARS | 2023 | 2022 |
| Revenue from operations | 2,075.66 | 1,953.58 |
| Other income | 46.76 | 33.34 |
| Total income | 2,122.42 | 1,986.92 |
| Expenses | ||
| Employee benefit expense | 770.07 | 708.82 |
| Finance costs | 259.27 | 177.19 |
| Depreciation and amortisation expense | 491.48 | 429.47 |
| Other expenses | 830.8 | 657.91 |
| Total expenses | 2,351.63 | 1,973.39 |
| Profit before exceptional items | -229.22 | 13.53 |
| Exceptional Items | ||
| Rates and Taxes | 47.78 | 35 |
| Profit before tax | -276.99 | -21.47 |
| Income tax expense | ||
| Current tax (MAT) | - | 4.46 |
| Less: MAT credit entitlement | - | -4.46 |
| Deferred tax | -52.39 | 5.16 |
| Total tax expense | -52.39 | 5.16 |
| Profit for the year [A] | -224.6 | -26.63 |
| Other comprehensive income | ||
| Items that will not be reclassified to profit or loss | ||
| Changes in the fair value of equity instruments at FVOCI | ||
| Remeasurement of post-employment benefit obligations | -0.26 | 3.24 |
| Income tax relating to these items | 0.07 | -0.9 |
| -0.19 | 2.34 | |
| Items that will be reclassified to profit or loss | ||
| Foreign exchange differences on transalation of foreign operations | -22.79 | -1.42 |
| Total other comprehensive income for the year, net of tax [B] | -22.98 | 0.91 |
| Total comprehensive income for the year [A+B] | -247.58 | -25.71 |
| Profit is attributable to: | ||
| Owners of ESDS Software Solution Limited | -224.53 | -27.24 |
| Non-controlling interest | -0.07 | 0.61 |
| -224.6 | -26.63 | |
| Other comprehensive income is attributable to: | ||
| Owners of ESDS Software Solution Limited | -22.98 | 0.91 |
| Non-controlling interest | - | - |
| -22.98 | 0.91 | |
| Total comprehensive income is attributable to: | ||
| Owners of ESDS Software Solution Limited | -247.51 | -26.32 |
| Non-controlling interest | -0.07 | 0.61 |
| -247.58 | -25.71 | |
| Earnings per equity share for profit attributable to owners of | ||
| ESDS Software Solution Limited | ||
| Basic (face value of equity shares : INR 1 per share) | -2.42 | -0.42 |
| Diluted (face value of equity shares : INR 1 per share) | -2.42 | -0.42 |
| PARTICULARS | 2023 | 2022 |
| A) Cash flows from operating activities | ||
| Profit before tax | -276.99 | -21.47 |
| Adjustments for | ||
| Depreciation and amortisation expense | 491.48 | 429.47 |
| (Gain)/Loss on disposal of property, plant and equipment | 0.03 | |
| Expected Credit loss allowance | 43.65 | 70.22 |
| Interest income classified as investing activities | -15.63 | -16.51 |
| Finance costs | 259.27 | 177.19 |
| Unrealised exchange (gain)/loss | -1.54 | 2.51 |
| Employee stock option expenses | 5.44 | |
| Operating profit before working capital changes | 505.71 | 641.41 |
| Changes in working capital | ||
| (Increase) / Decrease in trade receivables | 50.05 | -257.27 |
| (Increase) / Decrease in other current and non current financial assets | 15.45 | -17.59 |
| (Increase) / Decrease in other current and non current assets | 57.05 | -104.28 |
| Increase / (Decrease) in trade payables | 14.65 | -4.82 |
| Increase / (Decrease) in employee benefit obligations | 6.82 | 10.41 |
| Increase/ (Decrease) in other current and non current financial liabilities | -55.81 | -8.91 |
| Increase/ (Decrease) in other current and non current liabilities | 28.74 | 2.01 |
| Cash generated from operations | 622.67 | 260.95 |
| Income taxes paid (net of refunds received) | -71.23 | -96.57 |
| Net cash inflow/ (outflow) from operating activities | 551.44 | 164.39 |
| B) Cash flows from investing activities | ||
| Payments for property, plant and equipment and intangible assets | -361.75 | -605.58 |
| Bank balances not considered as cash and cash equivalents | -194.02 | -106.41 |
| Interest/ income on investment received | 15.63 | 16.51 |
| Net cash flows from investing activities | -540.14 | -695.48 |
| C) Cash flows from financing activities | ||
| Proceeds from issue of preference shares | - | 199.99 |
| Proceeds from Rights issue | - | 7 |
| Proceeds from issue of Non-convertible debtentures | 450 | 300 |
| Increase/ (decrease) of non-current borrowings | -176.08 | -83.67 |
| Increase/ (decrease) of current borrowings | 16.33 | 412.54 |
| Principal elements of lease payments | -281.48 | -277.5 |
| Proceeds from issue of equity share capital (including securities premium and net of | ||
| refund of share application money) | -9.05 | 300 |
| Interest paid on borrowings | -194.44 | -121.67 |
| Net cash inflows/ (outflow) from financing activities | -194.72 | 736.68 |
| Net increase / (decrease) in cash and cash equivalents | -183.42 | 205.6 |
| Foreign currency translation impact on cash and cash equivalents | 1.69 | 1.18 |
| Cash and cash equivalents at the beginning of the financial year | 350.6 | 143.82 |
| Cash and cash equivalents at the end of the financial year | 168.86 | 350.6 |
A) Cash flows from operating activities:
1. Operating Profit Before Working Capital Changes: In 2023, the company reported an operating profit before working capital changes of 505.71 million rupees, which decreased from 641.41 million rupees in 2022.
2. Changes in Working Capital: The company experienced various changes in its working capital components. Trade receivables increased by 50.05 million rupees in 2023, whereas they decreased significantly by 257.27 million rupees in 2022. Other current and non-current financial assets increased by 15.45 million rupees in 2023, contrasting with a decrease of 17.59 million rupees in 2022. Similarly, other current and non-current assets increased by 57.05 million rupees in 2023, in contrast to a decrease of 104.28 million rupees in 2022. Trade payables increased by 14.65 million rupees in 2023 but decreased by 4.82 million rupees in 2022. Employee benefit obligations increased by 6.82 million rupees in 2023 and 10.41 million rupees in 2022. There was a significant decrease in other current and non-current financial liabilities by 55.81 million rupees in 2023 compared to a decrease of 8.91 million rupees in 2022. Other current and non-current liabilities increased by 28.74 million rupees in 2023 and 2.01 million rupees in 2022.
3. Cash Generated from Operations: The cash generated from operations was 622.67 million rupees in 2023, significantly higher than the 260.95 million rupees generated in 2022.
4. Income Taxes Paid (Net of Refunds Received): The company paid net income taxes of -71.23 million rupees in 2023, compared to -96.57 million rupees in 2022.
5. Net Cash Inflow/(Outflow) from Operating Activities: The net cash inflow from operating activities was 551.44 million rupees in 2023, representing a substantial increase from the 164.39 million rupees reported in 2022.
B) Cash flows from investing activities:
1. Payments for Property, Plant, and Equipment and Intangible Assets: The company made payments of -361.75 million rupees for property, plant, and equipment, and intangible assets in 2023, compared to -605.58 million rupees in 2022.
2. Bank Balances Not Considered as Cash and Cash Equivalents: The company had outflows of -194.02 million rupees in 2023 and -106.41 million rupees in 2022, which were not considered as cash and cash equivalents.
3. Interest/Income on Investment Received: Interest or income on investments received was 15.63 million rupees in both 2023 and 2022.
4. Net Cash Flows from Investing Activities: The net cash outflow from investing activities was -540.14 million rupees in 2023, compared to -695.48 million rupees in 2022.
C) Cash flows from financing activities:
1. Proceeds from Issue of Preference Shares and Rights Issue: There were no proceeds from the issue of preference shares or rights issue in both 2023 and 2022.
2. Proceeds from Issue of Non-Convertible Debentures: The company raised 450 million rupees from the issue of non-convertible debentures in 2023, compared to 300 million rupees in 2022.
3. Increase/(Decrease) of Borrowings: Non-current borrowings decreased by -176.08 million rupees in 2023 and -83.67 million rupees in 2022. Current borrowings increased by 16.33 million rupees in 2023 and 412.54 million rupees in 2022.
4. Principal Elements of Lease Payments: The company made lease payments of -281.48 million rupees in 2023 and -277.5 million rupees in 2022.
5. Proceeds from Issue of Equity Share Capital: The company raised -9.05 million rupees from the issue of equity share capital in 2023, compared to 300 million rupees in 2022.
6. Interest Paid on Borrowings: Interest paid on borrowings amounted to -194.44 million rupees in 2023 and -121.67 million rupees in 2022.
7. Net Cash Inflows/(Outflow) from Financing Activities: The net cash outflow from financing activities was -194.72 million rupees in 2023, compared to 736.68 million rupees in 2022.
| Particulars | 2023 |
| EBITDA | -21.01 % |
| Networth | 6.62 % |
| Debt/Equity Ratio | 0.58 |
| Return on Equity | -0.0639 |
| Total Assets | -4.03 % |
| Fixed Assets | -4.78 % |
| Current Assets | -1.32 % |
| Current Liabilities | -33.99 % |
| Trade Receivables | 37.99 % |
| Trade Payables | 6.60 % |
| Current Ratio | 1.89 |
Insights into the financial health and performance of the company in 2023:
1. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): EBITDA stands at -21.01%. This indicates that the company 's earnings before interest, taxes, depreciation, and amortization represent a negative percentage of its revenue. This might suggest that the company 's operating expenses are high relative to its revenue.
2. Net Worth: The net worth of the company is 6.62%. This represents the percentage of total assets that the company owns outright after deducting its total liabilities. A positive net worth percentage indicates that the company 's assets exceed its liabilities.
3. Debt/Equity Ratio: The debt/equity ratio is 0.58. This ratio indicates the proportion of debt and equity used to finance the company 's assets. A ratio of less than 1 indicates that the company relies more on equity financing than debt financing.
4. Return on Equity (ROE): The return on equity is -0.0639, indicating a negative return on shareholders ' equity. This suggests that the company 's net income is negative relative to its shareholder equity, which could be a concerning sign for investors.
5. Total Assets: Total assets have decreased by -4.03% compared to the previous period. This indicates a decrease in the company 's overall asset base, which could be due to various reasons such as asset write-offs, divestitures, or decreases in asset value.
6. Fixed Assets: Fixed assets have decreased by -4.78%. This suggests a decrease in the value of long-term assets like property, plant, and equipment. It could indicate asset impairment or a reduction in capital expenditure.
7. Current Assets: Current assets have decreased by -1.32%. This includes assets like cash, accounts receivable, and inventory. A decrease in current assets could indicate a reduction in liquidity or efficient management of working capital.
8. Current Liabilities: Current liabilities have decreased significantly by -33.99%. This indicates a decrease in the company 's short-term obligations such as accounts payable and accrued expenses. It could suggest improved liquidity or efficient management of liabilities.
9. Trade Receivables: Trade receivables have increased by 37.99%. This indicates an increase in the amount of credit extended to customers, which could potentially lead to liquidity issues if not managed properly.
10. Trade Payables: Trade payables have increased by 6.60%. This indicates an increase in the amount owed to suppliers, which could suggest favorable payment terms or increased purchasing activity.
11. Current Ratio: The current ratio is 1.89, which suggests that the company has more than enough current assets to cover its current liabilities. This indicates good short-term liquidity and the ability to meet short-term obligations.
