Mobikwik Annual Reports, Balance Sheet and Financials

One Mobikwik systems limited Balance Sheet (Rs in millions)

One Mobikwik systems limited Profit & Loss Statement (Rs in millions)

One Mobikwik systems limited Consolidated Cash Flow Statement (Rs in millions)

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Operating Activities

Profit/(Loss) Before Tax:

2024: ₹140.80 million

2023: -₹806.26 million

Analysis: Significant improvement from a loss to a profit, indicating a better performance in operations.

Operating Profit Before Working Capital Changes:

2024: ₹605.74 million

2023: ₹555.07 million

Analysis: Increase in operating profit before working capital adjustments, showing improved operational efficiency.

Cash Flow from Operating Activities:

2024: -₹220.66 million (outflow)

2023: ₹270.13 million (inflow)

Analysis: A shift from positive to negative cash flow indicates that despite improved profitability, working capital changes and other adjustments have resulted in a cash outflow.

Key Working Capital Changes:

Increase in Trade Receivables: Outflow of ₹57.16 million (2024) vs. a larger outflow of ₹482.09 million (2023).

Decrease in Other Financial Assets: Outflow of ₹940.78 million (2024) vs. an inflow of ₹1,186.19 million (2023).

Decrease in Other Financial Liabilities: Outflow of ₹371.16 million (2024) vs. a larger outflow of ₹2,303.91 million (2023).

Increase in Trade Payables: Inflow of ₹1,133.15 million (2024) vs. ₹497.21 million (2023).

Summary: Working capital adjustments are causing cash outflows in 2024 compared to inflows in 2023, leading to a negative net cash from operating activities.

Investing Activities

Net Cash from Investing Activities:

2024: ₹770.63 million

2023: -₹6.78 million

Analysis: Significant positive cash flow in 2024, primarily due to inflows from maturing bank deposits and interest received, compared to a minimal negative cash flow in 2023.

Financing Activities

Net Cash from Financing Activities:

2024: ₹34.85 million

2023: ₹179.68 million

Analysis: Reduced positive cash flow due to higher repayment of borrowings and non-convertible debentures, despite new borrowings and issuance of debentures.

Overall Cash Flow

Net Increase in Cash and Cash Equivalents:

2024: ₹84.82 million

2023: ₹443.03 million

Cash and Cash Equivalents at End of Year:

2024: -₹208.72 million

2023: -₹293.54 million

Analysis: Although there is a positive net increase in cash and cash equivalents in 2024, the cash position remains negative but improved compared to the previous year.

Financial Ratios of One Mobikwik systems limited

1. Current Ratio

The current ratio has slightly improved from 1.03 in 2023 to 1.08 in 2024. This increase indicates a modest improvement in the company 's ability to meet its short-term liabilities with short-term assets. A ratio of 1.08 suggests that the company is in a somewhat stronger liquidity position compared to the previous year.

2. Debt-Equity Ratio

The debt-equity ratio has decreased from 1.35 in 2023 to 1.30 in 2024. This slight decrease shows a reduction in the company’s leverage, meaning there is a marginally lower proportion of debt relative to equity. It reflects a somewhat more balanced financial structure and less reliance on borrowed funds.

3. Debt Service Coverage Ratio (DSCR)

The DSCR has improved significantly from -0.27 in 2023 to 0.16 in 2024. While the DSCR remains below 1, the positive shift indicates an improvement in the company’s ability to meet debt obligations from its operational cash flows. However, the low ratio still signals potential challenges in covering debt payments fully.

4. Return on Equity (ROE)

ROE has moved from a negative -59% in 2023 to a positive 9% in 2024. This dramatic turnaround shows that the company has shifted from substantial losses to a modest profit in relation to shareholders ' equity, reflecting a significant improvement in profitability and shareholder value.

5. Trade Receivables Ratio

The trade receivables ratio has increased from 10.25 in 2023 to 11.15 in 2024, indicating that trade receivables are taking slightly longer to convert into cash. This rise might suggest either extended credit terms for customers or slower collection efforts, which could impact cash flow.

6. Trade Payable Turnover Ratio

The trade payable turnover ratio has decreased from 5.39 in 2023 to 4.27 in 2024. This decline suggests that the company is taking longer to pay its suppliers. While this can improve liquidity, it might strain relationships with suppliers or indicate less efficient payment practices.

7. Net Capital Turnover Ratio

The net capital turnover ratio has improved from 1.61 in 2023 to 2.34 in 2024. This increase indicates that the company is generating more revenue per unit of net capital employed. It reflects more effective utilization of capital to generate sales.

8. Net Profit Ratio

The net profit ratio has improved from -16% in 2023 to 2% in 2024. This positive shift shows that the company has moved from a loss-making position to achieving a modest profit, indicating a turnaround in financial performance.

9. Return on Capital Employed (ROCE)

ROCE has improved from -17.97% in 2023 to 8.79% in 2024. This significant increase signifies that the company is now effectively using its capital to generate profits. The positive ROCE indicates improved operational efficiency and return on investment.

Dividend history