Flipkart India Annual Reports, Balance Sheet and Financials

Flipkart India Private Limited Balance Sheet (Amt. in Lakhs)

Flipkart India Private Limited Balance Sheet (Amt. in Lakhs)

Flipkart India Private Limited Consolidated Cash Flow Statement (In Rs. Millions)

Let 's break down the Cash Flow Statement of Flipkart India Private Limited for the years 2023 and 2022, activity-wise:

1. Operating Activities:

   - In 2023, there was a significant improvement in net cash outflow from operating activities compared to 2022, indicating potential operational efficiency or better management of working capital.

   - Adjustments for reconciling profit (loss) in 2023 resulted in a total positive adjustment of Rs.13,370 million, in contrast to a substantial negative adjustment of -Rs.41,932 million in 2022. This suggests better control over factors affecting profitability and cash flow generation.

2. Investing Activities:

   - Net cash outflow from investing activities decreased in 2023 compared to 2022, indicating potentially lower capital expenditure or divestment activities during the period.

   - Cash advances and loans made to other parties were substantially higher in 2023 (Rs.259,500 million) compared to 2022 (Rs.336,976 million), possibly indicating increased investment activities or financing provided to other entities.

3. Financing Activities:

   - There was a decrease in net cash inflow from financing activities in 2023 compared to 2022, suggesting potentially lower proceeds from issuing shares and borrowings, as well as higher repayments of borrowings during the period.

   - Proceeds from issuing shares were significantly lower in 2023 (Rs.50,271 million) compared to 2022 (Rs.86,986 million), indicating potential changes in the company 's financing strategy or market conditions.

4. Overall Cash Position:

   - Despite the decrease in net cash inflow from financing activities, there was a net increase in cash and cash equivalents in 2023 (Rs.6,560 million), indicating effective management of cash flows from operating and investing activities.

   - The ending cash and cash equivalents balance in 2023 (Rs.6,599 million) showed a substantial improvement compared to 2022 (Rs.39 million), indicating a healthier cash position at the end of the period.

5. Interest and Taxes:

   - Interest paid and received remained relatively stable between the two years, with slight fluctuations.

   - Income taxes paid (refund) increased in 2023 compared to 2022, possibly due to higher taxable income or changes in tax regulations.

Flipkart India Private Limited Financial Ratios for the year 2023, 2022 and 2021 ::

Let’s break down and analyze each of these financial indicators of Flipkart India Private Limited for the year 2023, 2022 and 2021:

1. Total Debt/Equity Ratio:

   - Indicates the proportion of debt relative to equity. A lower ratio is generally preferred as it signifies lower financial risk.

   - The ratio decreased from 2021 to 2023, indicating a reduction in the reliance on debt to finance operations.

2. Total Debt/Total Assets Ratio:

   - Reflects the percentage of assets financed by debt. A lower ratio suggests less financial risk.

   - Similar to the Total Debt/Equity ratio, this ratio also decreased over the years.

3. Total Assets/Equity Ratio:

   - Demonstrates the relationship between total assets and equity. Higher ratios indicate higher financial leverage.

   - The ratio decreased from 2021 to 2022 and then increased slightly in 2023.

4. Net Debt/Equity Ratio:

   - Indicates the proportion of net debt (total debt minus cash and equivalents) to equity.

   - The company managed to eliminate net debt by 2023, indicating a healthy financial position in terms of debt management.

5. Quick Ratio:

   - Measures the ability to meet short-term obligations with liquid assets.

   - The ratio decreased over the years but remains above 1, indicating the company still has sufficient liquid assets to cover short-term liabilities.

6. Current Ratio:

   - Another liquidity measure, but includes all current assets rather than just liquid ones.

   - The ratio decreased slightly over the years but remains above 1, indicating good short-term financial health.

7. Interest Coverage Ratio:

   - Indicates the company 's ability to cover interest expenses with its operating income.

   - The negative values indicate that the company 's operating income is insufficient to cover its interest expenses, which is a concerning trend.

8. Gross Margin, Net Margin, EBITDA Margin:

   - These margins represent profitability at different levels of operations.

   - All three margins show negative values, indicating that the company is operating at a loss.

9. Return on Fixed Assets, Return on Equity, Return on Capital Employed:

   - These ratios measure the efficiency of asset utilization and profitability.

   - All ratios show negative values, indicating poor performance in utilizing assets and generating returns for shareholders.

10. Total Asset Turnover, Fixed Asset Turnover:

    - These ratios measure the efficiency of asset utilization in generating sales.

    - Both ratios show a slight decrease over the years, indicating a reduction in asset turnover efficiency.

11. Days Receivables Outstanding, Days Payables Outstanding, Days of Inventory:

    - These ratios measure the average number of days it takes to collect receivables, pay payables, and sell inventory.

    - The days receivables outstanding and days payables outstanding decreased over the years, indicating improvements in receivables and payables management. However, days of inventory increased, indicating slower inventory turnover.

Dividend History of Flipkart India Private Limited: