| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| One Mobikwik Systems Limited |
|
Particulars |
31 March 2023 |
31 March 2022 |
|
ASSETS |
||
|
Non-current assets |
||
|
Property, plant and equipment |
21.16 |
26.45 |
|
Right- of- use Assets |
124.21 |
66.53 |
|
Investments |
16.21 |
10.37 |
|
Other financial assets |
17.66 |
41.79 |
|
Deferred tax assets (Net) |
- |
31.15 |
|
Non-current Tax Assets (Net) |
117.29 |
230.14 |
|
Other Non-current Assets |
1,339.49 |
1,360.93 |
|
Current assets |
||
|
Trade receivables |
758.53 |
294.39 |
|
Cash and cash equivalents |
936.78 |
477.49 |
|
Bank balances other than Cash and Cash equivalent |
2680.15 |
3364.05 |
|
Other financial assets |
835.90 |
2266.65 |
|
Other current assets |
295.96 |
191.36 |
|
TOTAL ASSETS |
7,143.34 |
8,361.30 |
|
EQUITY AND LIABILITIES |
||
|
Equity share capital |
114.38 |
114.38 |
|
Other equity |
1,312.56 |
2,051.04 |
|
Non-current liabilities |
||
|
Borrowings |
224.96 |
- |
|
Lease Liabilities |
113.78 |
59.54 |
|
Other financial liabilities |
0.35 |
0.35 |
|
Provisions |
22.04 |
20.28 |
|
Current liabilities |
||
|
Borrowings |
1,697.77 |
1,509.14 |
|
Lease Liabilities |
19.19 |
8.47 |
|
Total Outsatanding dues of micro and small enterprises |
94.26 |
55.13 |
|
Total Outsatanding dues of creditors other than micro and small enterprises |
1,084.07 |
692.81 |
|
Other financial liabilities |
2,299.62 |
3,725.04 |
|
Contact liabilities |
23.76 |
38.63 |
|
Other current liabilities |
115.00 |
67.43 |
|
Provisions |
21.60 |
19.06 |
|
TOTAL EQUITY AND LIABILITIES |
7,143.34 |
8,361.30 |
|
Particulars |
31 March 2023 |
31 March 2022 |
|
Revenue from operations |
5,394.67 |
5,265.65 |
|
Other income |
216.49 |
166.54 |
|
Total income |
5,611.16 |
5,432.19 |
|
Employee benefits expense |
982.25 |
1,072.46 |
|
Finance costs |
204.24 |
109.13 |
|
Depreciation and amortization expense |
42.82 |
20.99 |
|
Other expenses |
5188.11 |
5452.67 |
|
Total expenses |
6,417.42 |
6,655.25 |
|
Profit/(Loss) before Exceptional items and income tax |
-806.26 |
-1223.06 |
|
Exceptional items |
- |
61.12 |
|
Loss before Tax |
-806.26 |
-1284.18 |
|
Current tax |
0.73 |
2.16 |
|
Deferred tax |
31.15 |
-4.72 |
|
Loss for the year |
-838.14 |
-1281.62 |
|
Re-measurements of defined benefit liability |
-1.42 |
13.24 |
|
Equity Instruments at FVOCI- net change in fair value |
5.84 |
2.67 |
|
Total comprehensive loss for the year |
-833.72 |
-1265.71 |
|
Loss for the year attributable to: |
|
|
|
-Owners of the Company |
839.56 |
1268.38 |
|
Other comprehensive Income for the year attributable to: |
|
|
|
-Owners of the Company |
4.42 |
15.91 |
|
Other comprehensive loss for the year attributable to: |
|
|
|
-Owners of the Company |
-833.72 |
-1265.71 |
|
Basic and diluted earnings per equity share (in INR) |
-14.66 |
-23.04 |
|
Particulars |
31 March 2023 |
31 March 2022 |
|
Cash flows from operating activities |
|
|
|
Profit / (Loss) before tax for the year |
-806.26 |
-1284.18 |
|
Adjustments for: |
|
|
|
Depreciation and amortisation |
19.80 |
16.01 |
|
Depreciation of right of use of assets |
23.02 |
4.98 |
|
Bad debts |
13.00 |
- |
|
Advances written off |
10.29 |
12.37 |
|
Interest Income |
-94.72 |
-69.71 |
|
Exceptional Items |
- |
61.12 |
|
Provision for doubtful advances |
56.90 |
2.76 |
|
Loss on sale /disposal of property, plant and equipment (net) |
- |
0.38 |
|
Share based payment expense |
95.24 |
260.04 |
|
Finance costs |
204.24 |
109.13 |
|
Financial guarantee expense |
1095.93 |
907.69 |
|
Provision for loss on ZIP Product |
- |
106.91 |
|
Liabilities / Provisions no longer required written back |
-67.32 |
- |
|
Impairment loss on trade receivables |
4.95 |
- |
|
Reversal of impairment loss on trade receivables |
- |
-5.02 |
|
Operating profit before working capital changes |
555.07 |
122.48 |
|
(Increase)/decrease in trade receivables |
-482.09 |
99.04 |
|
(Increase)/decrease in Other financial assets |
1186.19 |
-1,391.50 |
|
Increase/(decrease) in Other Current Assets |
-84.35 |
-1,010.31 |
|
(Increase)/decrease in other bank balances |
754.32 |
-1012.87 |
|
(Increase)/decrease in other financial liabilities |
-2303.91 |
-11.26 |
|
(Increase)/decrease in Contract liabilities |
-14.87 |
-38.63 |
|
(Increase)/decrease in Trade Payables |
497.21 |
92.44 |
|
(Increase)/decrease in other liabilities |
47.57 |
10.22 |
|
(Increase)/decrease in provisions |
2.88 |
16.77 |
|
Cash generated from/ (used in) operations |
158.02 |
-3123.62 |
|
Direct taxes (paid)/Refund, net |
112.11 |
-82.24 |
|
Net cash generated by operating activities |
270.13 |
-3205.86 |
|
Cash flows from investing activities |
|
|
|
Purchase of Property, plant and equipment |
-14.51 |
-33.45 |
|
Interest received on bank deposits |
65.40 |
48.20 |
|
Investments in bank deposits not considered in cash and cash equivalents |
-1199.65 |
-5974.49 |
|
Redemption of bank deposits not considered in cash and cash equivalents |
1141.98 |
5112.02 |
|
Net cash used in investing activities |
-6.78 |
-847.72 |
|
Cash flows from financing activities |
|
|
|
proceeds from issue of equity shares |
- |
1059.99 |
|
proceeds from issue of Preference shares |
0.04 |
2154.44 |
|
Proceeds from borrowings |
- |
363.00 |
|
Repayment of borrowings |
-95.08 |
-67.92 |
|
Proceeds of non-convertible debentures |
543.04 |
- |
|
Repayment of non-convertible debentures |
-54.00 |
-25.45 |
|
Payment of lease liabilities |
-25.44 |
-3.71 |
|
Share Issue Expenses |
- |
-77.42 |
|
Interest and other borrowing costs |
-188.88 |
-108.77 |
|
Net cash generated from financing activities |
179.68 |
3294.16 |
|
Net increase/(decrease) in cash and cash equivalents during the year |
443.03 |
-759.42 |
|
Cash and cash equivalents at the beginning of the year |
-736.57 |
22.85 |
|
Cash and cash equivalents at the end of the year |
-293.54 |
-736.57 |
Cash Flows from Operating Activities:
Profit / (Loss) before tax for the year:
In 2023, the company reported a loss of Rs. 806.26 lakhs, compared to a loss of Rs. 1284.18 lakhs in 2022.
Adjustments for:
Depreciation and amortisation:
Depreciation and amortization expenses increased to Rs. 19.80 lakhs in 2023 from Rs. 16.01 lakhs in 2022.
Depreciation of right of use of assets:
Depreciation of right of use of assets increased to Rs. 23.02 lakhs in 2023 from Rs. 4.98 lakhs in 2022.
Bad debts:
Bad debts amounted to Rs. 13.00 lakhs in 2023, while there were no bad debts recorded in 2022.
Advances written off:
Advances written off were Rs. 10.29 lakhs in 2023 and Rs. 12.37 lakhs in 2022.
Interest Income:
The company received less interest income, resulting in a decrease to Rs. -94.72 lakhs in 2023 from Rs. -69.71 lakhs in 2022.
Share based payment expense:
Share based payment expense decreased to Rs. 95.24 lakhs in 2023 from Rs. 260.04 lakhs in 2022.
Finance costs:
Finance costs increased to Rs. 204.24 lakhs in 2023 from Rs. 109.13 lakhs in 2022.
Financial guarantee expense:
Financial guarantee expense increased significantly to Rs. 1095.93 lakhs in 2023 from Rs. 907.69 lakhs in 2022.
Provision for doubtful advances:
Provision for doubtful advances increased to Rs. 56.90 lakhs in 2023 from Rs. 2.76 lakhs in 2022.
Operating profit before working capital changes:
After considering adjustments, operating profit before working capital changes was Rs. 555.07 lakhs in 2023, compared to Rs. 122.48 lakhs in 2022.
Changes in Working Capital:
There were significant changes in trade receivables, other financial assets, other current assets, other bank balances, other financial liabilities, contract liabilities, trade payables, other liabilities, and provisions, impacting cash generated from operations.
Cash generated from/ (used in) operations:
Overall, cash generated from operations improved to Rs. 158.02 lakhs in 2023 from a significant negative amount of Rs. -3123.62 lakhs in 2022.
Direct taxes (paid)/Refund, net:
The company paid net direct taxes amounting to Rs. 112.11 lakhs in 2023, while receiving a refund of Rs. -82.24 lakhs in 2022.
Net cash generated by operating activities:
The net cash generated by operating activities was Rs. 270.13 lakhs in 2023, compared to a negative amount of Rs. -3205.86 lakhs in 2022.
Cash Flows from Investing Activities:
Purchase of Property, plant and equipment:
The company invested Rs. -14.51 lakhs in property, plant, and equipment in 2023, compared to Rs. -33.45 lakhs in 2022.
Interest received on bank deposits:
Interest received on bank deposits increased to Rs. 65.40 lakhs in 2023 from Rs. 48.20 lakhs in 2022.
Investments in bank deposits not considered in cash and cash equivalents:
The company invested Rs. -1199.65 lakhs in bank deposits not considered in cash and cash equivalents in 2023, compared to Rs. -5974.49 lakhs in 2022.
Redemption of bank deposits not considered in cash and cash equivalents:
Redemption of bank deposits not considered in cash and cash equivalents amounted to Rs. 1141.98 lakhs in 2023, compared to Rs. 5112.02 lakhs in 2022.
Net cash used in investing activities:
Overall, the net cash used in investing activities was Rs. -6.78 lakhs in 2023, compared to Rs. -847.72 lakhs in 2022.
Cash Flows from Financing Activities:
Proceeds from issue of equity shares:
No proceeds were generated from the issue of equity shares in 2023, whereas Rs. 1059.99 lakhs were generated in 2022.
Proceeds from issue of Preference shares:
The company generated Rs. 0.04 lakhs from the issue of preference shares in 2023, compared to Rs. 2154.44 lakhs in 2022.
Proceeds from borrowings:
No proceeds were generated from borrowings in 2023, whereas Rs. 363.00 lakhs were generated in 2022.
Repayment of borrowings:
Borrowings amounting to Rs. -95.08 lakhs were repaid in 2023, compared to Rs. -67.92 lakhs in 2022.
Proceeds of non-convertible debentures:
The company generated Rs. 543.04 lakhs from non-convertible debentures in 2023, whereas there were no such proceeds in 2022.
Repayment of non-convertible debentures:
Non-convertible debentures amounting to Rs. -54.00 lakhs were repaid in 2023, compared to Rs. -25.45 lakhs in 2022.
Payment of lease liabilities:
Lease liabilities amounting to Rs. -25.44 lakhs were paid in 2023, compared to Rs. -3.71 lakhs in 2022.
Interest and other borrowing costs:
Interest and other borrowing costs amounted to Rs. -188.88 lakhs in 2023, compared to Rs. -108.77 lakhs in 2022.
Net cash generated from financing activities:
Overall, the net cash generated from financing activities was Rs. 179.68 lakhs in 2023, compared to Rs. 3294.16 lakhs in 2022.
|
Particulars |
2023 |
2022 |
|
Current Ratio |
1.03 |
1.08 |
|
Debt Equity Ratio |
1.35 |
0.7 |
|
Debt service coverage ratio |
-0.27 |
-0.68 |
|
Return on Equity Ratio |
-0.59 |
-0.59 |
|
Trade Receivables turnover Ratio |
10.25 |
15.71 |
|
Trade Payables turnover Ratio |
5.39 |
6.99 |
|
Net capital turnover ratio |
1.61 |
1.43 |
|
Net profit ratio |
-0.16 |
-0.24 |
|
Return on Capital employed |
-17.97 |
-30.31 |
Top of Form
Current Ratio:
The current ratio for 2023 is 1.03, indicating that the company 's current assets are roughly equal to its current liabilities. This suggests a satisfactory liquidity position.
Debt Equity Ratio:
The debt equity ratio for 2023 is 1.35, indicating that the company has more debt than equity in its capital structure. This suggests higher financial risk due to reliance on debt financing.
Debt Service Coverage Ratio:
The debt service coverage ratio for 2023 is -0.27, indicating that the company 's operating income is not sufficient to cover its debt servicing obligations. This raises concerns about the company 's ability to meet its debt obligations.
Return on Equity Ratio:
The return on equity ratio for 2023 is -0.59, indicating a negative return on shareholders ' equity. This suggests that the company is not generating profits sufficient to compensate its shareholders for their investment.
Trade Receivables Turnover Ratio:
The trade receivables turnover ratio for 2023 is 10.25, indicating that the company collects its accounts receivable approximately 10.25 times during the year. A higher turnover ratio suggests efficient management of receivables.
Trade Payables Turnover Ratio:
The trade payables turnover ratio for 2023 is 5.39, indicating that the company pays its suppliers approximately 5.39 times during the year. A higher turnover ratio suggests efficient management of payables.
Net Capital Turnover Ratio:
The net capital turnover ratio for 2023 is 1.61, indicating that the company generates Rs. 1.61 of revenue for every rupee of capital employed. This suggests efficient utilization of capital.
Net Profit Ratio:
The net profit ratio for 2023 is -0.16, indicating a negative net profit margin. This suggests that the company is operating at a loss.
Return on Capital Employed:
The return on capital employed for 2023 is -17.97, indicating a negative return on capital employed. This suggests that the company is not generating adequate profits relative to the capital invested in the business.
