Market Simplified Annual Report

Market Simplified India Limited (MSIL) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Market Simplified India Limited

Market Simplified India Limited Balance Sheet (In Rs. Crores)

Particulars	As at 31 March 2023	As at 31 March 2022
ASSETS
Non-current assets
Non-Current Assets
─ Property, Plant, and Equipment	2.61	1.97
─ Intangible assets	0.00	0.22
─ Capital work-in-progress	7.27	4.81
─ Other Non-current assets	2.23	2.18
Total non-current assets	12.10	9.19
Current assets
─ Trade receivables	2.78	4.49
─ Cash and Cash equivalents	20.97	5.85
─ Short-term loans and advances	11.86	11.07
─ Other current assets	2.62	2.02
Total current assets	38.23	23.43
TOTAL ASSETS	50.33	32.62
EQUITY AND LIABILITIES
Shareholders ' Funds
─ Equity Share Capital	21.39	16.58
─ Other Equity	23.48	11.36
Total equity	44.87	27.94
Non-current liabilities
─ Long-term provisions	2.81	1.96
Total non-current liabilities	2.81	1.96
Current Liabilities
─ Short-term borrowings	0.19	0.42
─ Trade payables	0.85	0.95
─ Other current liabilities	1.28	1.12
─ Short-term provisions	0.34	0.24
Total current liabilities	2.65	2.73
TOTAL EQUITY AND LIABILITIES	50.33	32.62

Market Simplified India Limited Profit & Loss Statement (In Rs. Crores)

PARTICULARS	2023	2022

Income from operations	48.3199	43.0613
Other income	0.2406	0.7518
Total Income	48.5605	43.8131
Expenses
Employee benefits expense	34.3461	26.6575
Finance costs	0.0586	0.2872
Depreciation and amortization expense	1.3808	2.7162
Other expenses	11.3131	10.3210
Total Expenses	47.0986	39.9819
Profit before tax	1.4619	3.8312
Tax Expense
Current tax	0.3674	0.9951
MAT credit entitlement	-0.4982	-0.4483
Deferred tax	-	-
Profit after tax for the year	1.5927	3.2844
Earnings per Share (EPS)
[Nominal value of share Rs. 10/- per share]
Basic	0.83	2.00
Diluted	0.83	2.00

Market Simplified India Company Limited’s Cash Flow Statement (In Rs. Crores)

Particulars	31st March 2023	31 March 2022
A. Cash flows from operating activities
Profit before tax	1.46	3.83
Adjustments
Depreciation/amortization	1.38	2.72
(Profit)/Loss on sale of fixed assets	-0.00	-
Interest expenses	0.06	0.29
Interest income	-0.24	-0.13
Operating cash flows before working capital changes	2.66	6.71
(Increase)/Decrease in trade receivables	1.11	-1.60
(Increase)/Decrease in loans and advances	-0.88	-2.61
Increase/(Decrease) in current liabilities	0.05	-2.87
Increase/(Decrease) in provisions	0.96	0.37
Cash generated from operating activities	3.89	-0.00
Income taxes refunded/(paid)	0.13	-0.55
Net cash generated from/(used by) operating activities (A)	4.02	-0.55
Cash Flows from Investing Activities:
Purchase of fixed assets	-1.80	-1.81
Capital Work in progress	-2.45	-1.01
Proceeds from sale of fixed assets	0.00	-
Interest received	0.24	0.13
Net cash generated from investing activities (B)	-4.01	-2.68
Cash Flows from Financing Activities:
Availment/(Repayment) of working capital facilities	-0.02	-1.38
Availment/(Repayment) of borrowings	-0.22	0.34
Proceeds from issue of shares	15.39	5.00
Interest paid	-0.06	-0.29
Net cash provided from/(used by) financing activities (C)	15.10	3.67
Net (Decrease)/Increase in Cash and Cash Equivalents (A+B+C)	15.11	0.44
Cash and cash equivalents at the beginning of the year	5.85	5.41
Cash and cash equivalents at the end of the year	20.97	5.85

Market Simplified India Limited Key Financial Ratios

Particulars	31-Mar-23	31-Mar-22
Current Ratio (in times)	16.42	9.03
Debt-Equity Ratio (in times)	0	0.02
Debt Service Coverage Ratio (in times)	14.56	15.75
Return on Equity Ratio (in %)	0.03	0.11
Inventory Turnover Ratio (in times)	0	0
Trade Receivables Turnover Ratio (in times)	11.72	8.05
Trade Payable Turnover Ratio (in times)	17.58	9.89
Net Capital Turnover Ratio (in times)	1.36	2.1
Net Profit Ratio (in %)	3	7
Return on Capital Employed Ratio (in %)	3	13

Market Simplified India LimitedShare Dividend History

Particulars	2023	2022
Dividend per Share	0	0
Retained Earnings (In Rs. Crores)	23.48	11.36

Market Simplified India Limited Recent Financial Performance

Revenue and Income: In 2023, the company 's revenue from operations increased to 48.32 (in some unit of currency) compared to 43.06 in 2022, reflecting an expansion in its core business activities. Other income, however, declined from 0.75 in 2022 to 0.24 in 2023, indicating a decrease in income from non-core sources.

Expenses: Employee benefits expense escalated from 26.66 in 2022 to 34.35 in 2023, primarily due to increased employee-related costs, which may include salaries, benefits, and other personnel expenses. Finance costs decreased from 0.29 in 2022 to 0.06 in 2023, possibly resulting from lower interest rates or a reduction in outstanding debt.

Profit: Profit before tax saw a substantial decrease from 3.83 in 2022 to 1.46 in 2023, signifying a significant reduction in pre-tax earnings.

Overall, the financial performance of the company in 2023 indicates a reduction in profitability compared to the previous year, primarily due to increased employee benefits expenses and reduced other income. The decline in profit before tax and profit after tax reflects a challenging financial period for the company, possibly necessitating further analysis and strategic adjustments to improve future financial results.