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×

OYO Rooms Annual Reports, Balance Sheet and Financials

Oravel Stays Limited (OYO) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Oravel Stays Limited

Oravel Stays Limited (OYO) Balance Sheet (In Rs. Millions)

PARTICULARS

2023

2022

2021

ASSETS

 

 

 

Non-current assets

 

 

 

Property, plant and equipment

551.8

853.25

1102.23

Capital work-in-progress

-

-

-

Right of use assets

946.25

602.44

1167.46

Goodwill

24,238.38

22,373.25

22,162.23

Other intangible assets

15,267.77

15,199.41

17,149.21

Intangible assets under development

3.74

0.96

-

Investment in joint ventures

3,477.48

3,304.36

2,296.70

Financial assets

 

 

 

Investments

750.96

262.72

-

Other financial assets

9,285.60

8,352.14

421.19

Non-current tax assets (net)

1,261.04

1,185.35

1,224.75

Other non-current assets

596.94

1,009.32

1,005.37

 

56,379.96

53,143.20

46,529.14

Current assets

 

 

 

Inventories

-

-

58.74

Financial assets

 

 

 

Investments

872.78

2,487.91

2,418.70

Trade receivables

1,582.66

2,562.23

1,011.42

Cash and cash equivalents

7,267.59

13,537.19

21,071.02

Bank balances other than cash and cash equivalents

9,503.35

8,119.95

6,916.44

Other financial assets

1,498.78

1,633.94

1,420.07

Other current assets

2,219.20

3,038.54

4,471.51

 

22,944.36

31,379.76

37,367.90

Assets held for sale

-

-

3,613.44

Total assets

79,324.32

84,522.96

87,510.48

EQUITY AND LIABILITIES

 

 

 

Equity

 

 

 

Share capital

1,328.12

1,327.24

0.27

Instruments entirely equity in nature

11.12

11.12

11.12

Other equity

 

 

 

Securities premium

1,67,120.03

1,67,099.83

1,67,642.58

Retained earnings

-1,87,135.41

-1,74,329.89

-1,67,918.57

Other reserves

34,597.93

29,588.22

34,112.58

Equity attributable to the equity holders of the Parent

15,921.79

23,696.52

33,847.98

Non-Controlling interests

-10,096.05

-9,260.54

-6,406.55

Total equity

5,825.74

14,435.98

27,441.43

LIABILITIES

 

 

 

Non-current liabilities

 

 

 

Financial liabilities

 

 

 

Borrowings

50,050.46

46,147.19

19,005.38

Lease liabilities

1,069.54

889.35

1044.37

Other financial liabilities

225.42

46.19

11.40

Provisions

89.02

126.59

128.61

Deferred tax liabilities (net)

2,839.24

2,936.37

3,333.20

Other non-current liabilities

29.81

2.44

0.79

 

54,303.49

50,148.13

23,523.75

Current liabilities

 

 

 

Financial liabilities

 

 

 

Borrowings

664.46

498.46

12668.87

Lease liabilities

1,561.60

1,662.96

1,537.67

Trade payables

 

 

 

total outstanding dues of micro and small enterprises

37.57

38.80

85.87

total outstanding dues of creditor other than micro and small enterprises

9,313.02

10,830.47

11,348.91

Other financial liabilities

4,384.09

3,637.36

4,136.74

Provisions

82.27

75.97

76.94

Current tax liabilities (net)

162.86

55.85

543.36

Other current liabilities

2,989.22

3,138.98

3,741.78

 

19,195.09

19,938.85

34,140.14

Liabilities directly associated with assets held for sale

-

-

2,405.16

Total liabilities

73,498.58

70,086.98

60,069.05

Total equity and liabilities

79,324.32

84,522.96

87,510.48

Oravel Stays Limited (OYO) Profit & Loss Statement (In Rs. Millions)

PARTICULARS

2023

2022

2021

INCOME

 

 

 

Revenue from contracts with customers

54,639.45

47,813.62

39,616.49

Other income

1,377.59

1,233.82

1,957.37

Total income

56,017.04

49,047.44

41,573.86

EXPENSES

 

 

 

Operating expenses

31,372.76

28,738.22

27,786.89

Employee benefits expense

15,488.40

18,617.78

17,421.21

Finance cost

6,815.80

7,457.10

5,599.42

Depreciation and amortization expense

2,802.85

2,988.34

3,918.05

Other expenses

11,517.14

12,051.77

14,695.04

Total expenses

67,996.95

69,853.21

69,360.75

Loss before share of profit/(loss) in joint ventures, exceptional items and tax from continuing operations

-11,979.91

-20,805.77

-27,786.89

Share of profit/(loss) after tax in joint ventures (net)

171.17

-107.12

-2549.41

Loss before exceptional items and tax from continuing operations

-11,808.74

-20,912.89

-30,336.30

Exceptional items

1,054.05

276.06

10010.90

Loss before tax from continuing operations

-12,862.79

-21,188.95

-40,347.20

Tax expense:

 

 

 

Current tax

383.55

568.58

462.84

Deferred tax

-381.16

-340.91

-25.39

Income tax expense

2.39

227.67

437.45

Loss for the year from continuing operations

-12,865.18

-21,416.62

40,784.65

DISCONTINUED OPERATIONS

 

 

 

Profit from discontinued operations

-

2,000.99

1,416.35

Loss for the year

-12,865.18

-19,415.63

-39,638.30

Other comprehensive income, net of tax

 

 

 

Other comprehensive income/ (expense) not to be reclassified to profit or loss in subsequent periods

 

 

 

Net (loss)/ gain on equity instruments through Other Comprehensive Income

-84.76

114.47

-

Re-measurement gain on defined benefit plans

35.78

4.79

4.71

Income tax

-

 -

 

Other comprehensive income/(expense) to be reclassified to profit or loss in subsequent periods

 

 

 

Exchange differences on translation of financial statements of foreign operations (net)

404.58

831.5

-1353.17

Exchange difference on net investment in foreign operation (net)

-1,131.45

-785.29

-

Exchange differences on translation of foreign operations of discontinued operations

-

-107.21

1499.93

Income tax

-

-

-

Total other comprehensive (loss)/ income, net of tax

-775.85

58.26

151.47

Total comprehensive loss for the year, net of tax

-13,641.03

-19,357.37

-39,216.83

Loss is attributable to:

 

 

 

Equity holders of the Parent

-11,718.63

-18,939.52

-33,661.44

Non-controlling interest

-1,146.55

-476.11

-5706.86

 

-12,865.18

-19,415.63

-39,368.30

Other comprehensive income is attributable to:

 

 

 

Equity holders of the Parent

-1,086.89

416.08

449.05

Non-controlling interest

311.04

-357.82

-297.58

 

-775.85

58.26

151.47

Total comprehensive income is attributable to:

 

 

 

Equity holders of the Parent

-12,805.52

-18,523.44

-33,212.39

Non-controlling interest

-835.51

-833.93

6004.44

 

-13,641.03

-19,357.37

39,216.83

Earning per share from continuing operations (in INR)

 

 

 

Face value of share INR 1

 

 

 

Basic

-1.93

-3.51

-6.23

Diluted

-1.93

-3.51

-6.23

Earning per share from discontinued operations (in INR)

 

 

 

Face value of share INR 1

 

 

 

Basic

-

0.37

0.63

Diluted

-

0.37

0.63

Earning per share from continuing and discontinued operations (in INR)

 

 

 

Face value of share INR 1

 

 

 

Basic

-1.93

-3.14

-5.60

Diluted

-1.93

-3.14

-5.60

Oravel Stays Limited (OYO) Consolidated Cash Flow Statement (In Rs. Millions)

PARTICULARS

2023

2022

2021

Cash flow from operating activities:

 

 

 

Loss for the year from continuing operations

-12,862.79

-21,188.95

-40,347.20

Profit from discontinued operation

-

2,000.99

1,416.35

Adjustment to reconcile loss before tax to net cash flows

 

 

 

Depreciation and amortisation expenses

2,802.85

3,131.44

6,754.63

(Profit)/ loss on sale of property, plant and equipment (net)

-26.19

4.70

101.27

Gain on lease modifications/termination of lease contracts (net)

-26.44

-52.29

451.62

Reversal for expected credit loss

-166.31

-73.33

1213.84

Bad debts/advances w/off

 

-

476.35

Fair value loss/ (gain) on financial instruments at fair value through profit or loss

34.83

-225.72

-43.85

Interest income on security deposits

-36.54

-3.96

-12.66

Profit on sale of current investments

-106.09

-55.88

-154.87

Interest income

-500.83

-172.48

-615.87

Employee stock option compensation

5,021.02

6,471.30

1,536.10

Interest expense

6,733.07

5,612.53

5,641.01

Share of profit/(loss) in joint venture

-171.17

107.12

2549.41

Gain on fair valuation of interest in joint venture

-

-

-44.35

Provision/liabilities no longer required written back

-44.67

-174.71

-

Interest on lease receivable

-23.18

-10.18

-

Exchange difference

-256.20

-471.73

-733.68

Disposal of non-controlling interest

-

-2,432.26

-

Exchange differences regarded as an adjustment to borrowing costs

-

1,766.17

-

Impairment of goodwill

-

-

362.67

Reversal of impairment of right of use assets

-66.72

-

28.92

Exception items 

2,338.84

16.31

810.9

 

2,643.48

-5,750.93

-20,613.01

Movements in working capital :

 

 

 

Decrease in trade payables

-3,305.12

-1,476.40

-13,742.24

Decrease in other non-financial liabilities

-252.29

-713.75

-855.13

Increase in provisions

-67.61

1.80

-202.31

(Decrease) in other financial liabilities

-1,530.91

-39.49

-656.14

Decrease/ (increase) in other financial assets

1,196.08

-1,124.77

4,178.54

Decrease in other non-financial assets

1,153.25

2,101.60

3,523.52

Decrease in inventories

-

78.10

156.48

Decrease/ (increase) in trade receivables

1,916.10

-1,277.25

4,417.24

Cash generated from/ (used in) operations

1,752.97

-8,201.09

-23,792.95

Taxes paid (net of refund)

-334.62

-1,017.94

-533.38

Net cash generated from/ (used in) operating activities (A)

1,418.35

-9,219.03

-24,326.33

Investing activities

 

 

 

Purchase of property, plant and equipment (including intangibles, capital advance, and CWIP)

-810.04

-724.71

-911.14

Proceeds from sale of property, plant and equipment

64.76

55.69

102.47

Purchase of investments

-6,821.88

-8,781.07

-71,413.86

Proceed from sale of investments

7,974.22

8,780.02

85,044.80

Acquisition of subsidiaries, net of cash acquired

-982.26

-240.12

2019.24

Interest received

356.08

176.89

623.33

Receipt on transaction with shareholders of joint venture

-

1,306.91

-

Investment in fixed deposit (having maturity more than 3 and 12 months)

-653.35

-8,525.13

-

Proceed from fixed deposit (having maturity more than 3 and 12 months)

 

 

6,979.97

Foreign exchange movement in investing activities (net)

-215.78

839.91

-1351.62

Net cash flow used in investing activities (B)

-1,088.25

-7,111.61

17,055.71

Financing activities

 

 

 

Proceeds from issuance of equity share capital

9.77

223.63

-

Proceeds from issuance of preference share capital

-

343.77

609.25

Payment made for settlement of share warrant

-

-285.00

-

Interest expense

-5,880.45

-5,921.20

-5,285.26

Proceeds from long term borrowings

-

44,367.27

5,662.55

Repayment of long term borrowings

-529.46

-19,379.20

-

Principal repayment of lease liabilities

-691.30

-733.45

-2733.5

Interest on lease liabilities

-166.79

-186.12

-368.23

Proceeds from short term borrowings

-

484.14

-

Repayment of short term borrowings

-7.75

-12,654.55

-1,422.53

Foreign exchange movement in financing activities (net)

218.76

775.85

-233.47

Net cash flow (used in)/ from financing activities (C)

-7,047.22

7,035.14

-4,771.19

Net (decrease) in cash and cash equivalents (A+B+C)

-6,717.11

-9,295.50

-12,040.81

Cash and cash equivalents at the beginning of the year

14,304.13

22,617.76

34,695.67

Transferred of cash and cash equivalent pursuant to disposal of subsidiaries

-

972.28

-

Effect of exchange rate on cash and cash equivalents

377.87

9.59

17.1

Cash and cash equivalents at the end of the year

7,964.88

14,304.13

22,817.78

Let 's break down the Cash Flow Statement of OYO for the years 2023, 2022, and 2021, activity-wise:

Cash Flow from Operating Activities:

Loss for the Year from Continuing Operations:

In 2023, the company incurred a loss of 12,862.79 from its continuing operations, showing an improvement compared to the larger losses in the previous years.

Profit from Discontinued Operation:

The year 2022 saw a profit of 2,000.99 from discontinued operations, a positive impact on cash flow. In 2021, a similar profit of 1,416.35 was recorded.

Adjustments to Reconcile Loss Before Tax:

Various adjustments include depreciation, gain/loss on asset sales, reversal for expected credit loss, and employee stock option compensation. In 2023, these adjustments contributed positively to the cash flow.

Movements in Working Capital:

The company experienced a decrease in trade payables, positively impacting cash flow. However, increases in provisions and certain assets had a negative effect. The net cash generated from operations improved in 2023.

Taxes Paid (Net of Refund):

Net taxes paid decreased in 2023, indicating a lower tax outflow compared to the previous years.

Net Cash Generated from/(Used in) Operating Activities (A):

In 2023, the net cash generated from operating activities improved to 1,418.35, indicating a healthier operational performance.

Investing Activities:

Purchase/Sale of Property, Plant, and Equipment:

The company invested in and divested from property, plant, and equipment in all three years, with net cash outflows in 2023 due to a higher purchase amount.

Purchase/Sale of Investments:

Significant investments and divestments in 2023 resulted in a net outflow, whereas the company had positive cash flow from investment activities in 2021.

Acquisition of Subsidiaries, Interest Received, etc.:

Various investment activities, including the acquisition of subsidiaries and interest received, contributed to the overall cash flow.

Net Cash Flow Used in Investing Activities (B):

While 2021 saw a significant net inflow from investing activities, 2023 and 2022 had net outflows, primarily due to substantial investments in property, plant, equipment, and acquisitions.

Financing Activities:

Proceeds/Repayments from Borrowings:

The company raised capital through equity and preference share issuance. Long-term borrowings and repayments, along with lease liabilities and short-term borrowings, significantly influenced cash flow.

Net Cash Flow (Used in)/From Financing Activities (C):

In 2023, there was a net cash outflow from financing activities, primarily due to interest expenses, repayments of borrowings, and other financial obligations. 2022 showed a net inflow, driven by the issuance of equity and preference share capital.

Overall:

Net (Decrease) in Cash and Cash Equivalents (A+B+C):

The net decrease in cash and cash equivalents improved in 2023, reflecting better overall financial management. The company experienced negative cash flow in the previous two years.

Cash and Cash Equivalents at the End of the Year:

Despite the net decrease, the company maintained a positive cash balance, ending 2023 with 7,964.88 in cash and cash equivalents.

Other Considerations:

The cash and cash equivalents at the beginning of the year, along with the effects of exchange rates, played a role in determining the closing balance.

OYO Financial Ratios for the year 2023:

Particulars 2023
EBITDA  28.50 %
Networth  0.26 %
Return on Equity -0.0302
Total Assets  0.01 %
Fixed Assets  60,087.87 %
Current Assets  -14.22 %
Current Liabilities  -22.16 %
Trade Receivables  20.32 %
Trade Payables  -100.00 %
Current Ratio 10.74

Let’s break down and analyze each of these financial indicators of OYO for the year 2023:

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): 28.50%

This represents the company 's EBITDA as a percentage of its total revenue. EBITDA is a measure of operating performance.

Net Worth: 0.26%

Net worth, also known as shareholders ' equity, is the difference between a company 's assets and liabilities. A net worth of 0.26% indicates a relatively low level compared to the total assets.

Return on Equity (ROE): -0.0302

ROE measures a company 's profitability by revealing how much profit it generates with shareholders ' equity. A negative ROE (-0.0302) suggests a loss on equity, which may indicate financial challenges.

Total Assets: 0.01%

This percentage represents the company 's total assets relative to its total revenue. It 's a measure of asset efficiency.

Fixed Assets: 60,087.87%

Fixed assets are long-term assets with a useful life of more than one year. A percentage of 60,087.87% seems unusually high and may need further investigation or clarification.

Current Assets: -14.22%

Current assets include cash, accounts receivable, and inventory. A negative percentage may indicate a discrepancy or unusual financial structure.

Current Liabilities: -22.16%

Current liabilities are obligations due within one year. A negative percentage suggests potential issues with data reporting or financial structure.

Trade Receivables: 20.32%

Trade receivables represent the amounts owed to the company by its customers. A percentage of 20.32% indicates the proportion of trade receivables compared to total assets.

Trade Payables: -100.00%

A trade payable of -100% is unusual and may need clarification. Trade payables typically represent amounts a company owes to its suppliers.

Current Ratio: 10.74

The current ratio is a liquidity ratio that measures a company 's ability to cover its short-term obligations with its short-term assets. A ratio of 10.74 suggests a strong ability to cover short-term liabilities.

Dividend History of Oravel Stays Limited (OYO):

Particulars

2023

2022

2021

Dividend (final + interim) (In Rs.)

-

-

-

 

 

Annual Report

Oravel Stays Annual Report FY 2022-2023

Download

OYO Rooms Annual Report FY 2021-22

Download

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