Rapido Annual Report | Balance Sheet

Roppen Transportation Services Pvt Ltd (Rapido) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
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Roppen Transportation Services Pvt Ltd

Rapido Balance Sheet (In Rs. Crores)

Particulars	As of 31 March 2023	As of 31 March 2022
ASSETS
Non-Current Assets
Property, Plant, and Equipment	8.50	9.26
Other intangible assets	0.10	0.00
Loans	0.83	0.39
Other non-current financial assets	1.90	1.77
Total non-current financial assets	2.74	2.16
Other non-current assets	1.45	2.53
Total non-current assets	12.79	13.94
Current Assets
Trade receivables	12.81	5.62
Cash and cash equivalents	9.33	66.94
Bank balance other than cash and cash equivalents	56.29	50.40
Loans	0.74	0.68
Other current financial assets	0.71	0.94
Total current financial assets	79.88	124.58
Other current assets	72.24	33.19
Total current assets	152.12	157.77
Total assets	164.91	171.71
EQUITY AND LIABILITIES
EQUITY
Equity share capital	1.01	0.79
Other Equity	32.39	90.79
Total equity attributable to owners of parent	33.41	91.58
Total equity	33.41	91.58
Non-current Liabilities
Borrowings	-	-
Total non-current financial liabilities	1.24	4.61
Provisions	7.97	3.07
Total non-current liabilities	9.21	7.69
Current liabilities
Borrowings	4.40	-
Trade payables	56.11	28.82
Other current financial liabilities	5.47	4.42
Total current financial liabilities	65.98	33.24
Other current liabilities	21.20	11.49
Provisions	35.11	27.73
Total current liabilities	122.29	72.45
Total liabilities	131.50	80.14
Total equity and liabilities	164.91	171.71

Rapido Profit & Loss Statement (In Rs. Crores)

PARTICULARS	2022	2021
I. Revenue from Operations	144.77	75.61
II. Other Income	13.17	12.36
III. Total Income (I+II)	157.95	87.97
IV Expenses
Employee benefit expense	106.96	61.80
Finance costs	0.3434	0.394
Depreciation, depletion and amortisation expense	4.9207	3.5269
Other expenses	484.75	188.64
Total expenses	596.97	254.37
Profit before exceptional items and tax	-439.02	-166.40
Total profit before tax	-439.02	-166.40
Total tax expense	0	0
Total profit (loss) for the period	-439.02	-166.40
Comprehensive income OCI components presented net of tax [Abstract]
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans	-0.4907	-0.0396
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others
Total other comprehensive income that will not be reclassified to profit or loss, net of tax	-0.4907	-0.0396
Other comprehensive income that will be reclassified to profit or loss, net of tax, others	0	0
Total other comprehensive income that will be reclassified to profit or loss, net of tax	0	0
Total other comprehensive income	-0.4907	-0.0396
Total comprehensive income	-439.51	-166.44
Total other comprehensive income	-0.4907	-0.0396
Total comprehensive income	-439.51	-166.44
Earnings per share
Basic earnings (loss) per share from continuing operations	[INR/shares] -43,280.87	[INR/shares] -16,442.43
Diluted earnings (loss) per share from continuing operations	[INR/shares] -43,280.87	[INR/shares] -16,442.43

Rapido’s Cash Flow Statement (In Rs. Crores)

Particulars	31st March 2023	31 March 2022
A. Cash Flow from Operating Activities
Profit/(Loss) Before Tax	-439.02	-166.40
Adjustments for finance costs	-0.8958	27.14
Adjustments for decrease (increase) in trade receivables, current	-7.1898	-3.6411
Adjustments for decrease (increase) in other current assets	-41.04	-24.54
Adjustments for other financial assets, current	-0.3054	-0.0748
Adjustments for increase (decrease) in trade payables, current	27.30	11.29
Adjustments for increase (decrease) in other current liabilities	9.7159	1.9913
Adjustments for depreciation and amortisation expense	4.9207	3.5269
Adjustments for provisions, current	8.2183	2.0223
Adjustments for other financial liabilities, current	0.9518	0.5359
Total adjustments for reconcile profit (loss)	1.6674	18.25
Net cash flows from (used in) operating activities	-437.35	-148.14
B. Cash Flow from investing Activities
Proceeds from sales of property, plant and equipment	0.0509	0.0253
Purchase of property, plant and equipment	4.0795	0.8152
Proceeds from sales of investment property	0.1227	3.1726
Purchase of intangible assets	0.1049	0
Interest received	13.29	11.64
Other inflows (outflows) of cash	-5.959	148.33
Net cash flows from (used in) investing activities	3.318	162.35
C. Cash Flow from Financing Activities
Proceeds from issuing shares	375.53	0
Payments of lease liabilities	3.1634	2.1056
Interest paid	0.3434	0.3928
Net cash flows from (used in) financing activities	372.03	-2.4984
Net increase (decrease) in cash and cash equivalents before the effect of exchange rate changes	-62.01	11.71
Net increase (decrease) in cash and cash equivalents	-62.01	11.71
Cash and cash equivalents cash flow statement at end of period	4.9307	66.94

Rapido Key Financial Ratios

Particulars	31-Mar-22	31-Mar-21
Current Ratio (in times)	1.24	2.18
Debt-Equity Ratio (in times)	0.97	0.22
Total Debt/Total Assets Ratio (in times)	0.2	0.12
Return on Equity Ratio (in %)	-1314.09%	-181.70%
Interest Coverage Ratio (in times)	-1277.46	-421.33
Total Asset Turnover (in times)	0.96	0.51
Fixed Asset Turnover Turnover Ratio (in times)	16.84	8.17
Net Margin (in %)	-277.95%	-189.15%
Return on Capital Employed Ratio (in %)	-1141.49%	-175.52%

Rapido Share Dividend History

Particulars	2022	2021
Dividend Per Share	-	-
Retained Earning (in Rs. Crores)	32.39	90.79

Rapido 's Recent Financial Performance.

Revenue: The company reported total revenue from continuing operations of INR 144.77 crores, showing substantial growth compared to INR 75.61 crores in the previous year.

EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization): EBITDA for the year stood at INR -433.75 crores, a significant decline from INR -162.47 crores in the previous year, indicatingweak operational performance.

Finance Costs: Finance costs were INR 0.34 crores, while finance income was INR 0.39 crores. The company had a net finance cost during the year.

Profit/Loss for the Year: Roppen Transportation Services Private Limited recorded a profit of INR -439.02 crores for the year, a significant increase from the previous year 's loss of INR -166.40 crores.

Earnings per Share (EPS): The basic and diluted EPS for the year was INR -43,280.87. This indicates the earnings attributable to each share of face value INR 1.

Overall, Roppen Transportation Services Private Limited has not shown significant improvement in its financial performance, with an increase in loss from the previous year, driven by decreased revenue.