Paymate India Limited (Paymate India) Return Comparision with Primex 40 Index

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

PAYMATE INDIA Limited Balance Sheet (In Rs. Millions)

Particulars	31 March,2023	31 March,2022	31 March,2021
ASSETS
Non-current assets
Property, Plant and Equipment	6.33	5.73	6.13
Intangible assets	14.61	29.22	43.83
Right of use assets	8.14	12.79	17.44
Other financial assets	6.78	6.4	6.99
Total Non - current assets	35.86	54.14	74.39
Current assets
Trade receivables	5.1	57.4	8.05
Cash and cash equivalents	7.29	15.85	30.15
Bank balances other than (ii) above	3.25	7.34	10.31
Other financial assets	203.06	222.21	29
Other current assets	346.13	246.2	86.35
Total Current assets	564.83	549	163.86
Total assets	600.69	603.14	238.25
EQUITY AND LIABILITIES
Equity
Equity share capital	57.67	57.41	0.35
Instruments in the nature of equity	1,839.08	1,839.08	1,413.81
Other equity	-1,724.04	-1,432.85	-1,242.11
Total equity	172.71	463.64	172.05
LIABILITIES
Non-current liabilities
Lease liabilities	4.64	10.28	15.33
Provisions	18.25	12.89	9.4
Total Non - Current liabilities	22.89	23.17	24.73
Current liabilities
Borrowings	35	-	-
Lease liabilities	5.64	5.05	3.84
Trade payables
Total outstanding dues of micro and small enterprises	0.14	0.08	-
Total outstanding dues of creditors other than micro and small enterprises	198.04	3.53	4.86
Provisions	55.51	44.42	16.19
Other current liabilities	110.76	63.25	16.58
Total Current liabilities	405.09	116.33	41.47
Total Equity and Liabilities (I+II+III)	600.69	603.14	1238.25

PAYMATE INDIA Limited Profit & Loss Statement (In Rs. Millions)

Particulars	31 March,2023	31 March,2022	31 March,2021
Income
Revenue from operations	13,501.13	12,088.90	3,484.00
Other Income	14.83	3.31	6.23
Total Income	13,515.96	12,092.21	3,490.23
EXPENSES
Cost of services	13,389.61	12,074.79	3,485.08
Employee benefit expense	504.96	496.78	224.13
Finance costs	5.06	2.83	2.25
Depreciation and amortisation expense	22.04	22.67	22.9
Other expenses	151.52	72.51	36.99
Total Expenses	14,073.19	12,669.58	3,771.35
Profit /(Loss) before exceptional items and tax	-557.23	-577.37	-281.12
Exceptional items	-	-
Profit /(Loss) before tax	-557.23	-577.37	-281.12
Tax Expense			-
Current tax	-	-	-
Deferred tax	-	-	-
Total income tax expense	-	-	-
Profit/(Loss) for the year	-557.23	-577.37	-281.12
Other comprehensive income/(loss)	1.76	-1.07	0.52
Items that will not be reclassified to profit or loss
Remeasurements of the defined benefit liabilities / (asset)	2.8	-0.69	0.72
Income tax relating to items that will not be reclassified to profit or loss	-	-	-
Items that may be reclassified to profit or loss
Exchange differences on translation of financial statements of foreign operations	-1.05	-0.38	-0.2
Total comprehensive income/(Loss) for the year	-555.47	-578.44	-280.6
Earnings/(loss) per equity share (Face value of Rs.1/- each):
Basic	-9.69	-10.65	-5.41
Diluted	-9.69	-10.65	-5.41

PAYMATE INDIA Limited Consolidated Cash Flow Statement (In Rs. Millions)

Particulars	31 March,2023	31 March,2022	31 March,2021
CASH FLOW FROM OPERATING ACTIVITIES
Loss for the year	-557.23	-577.37	281.121
Adjustments for:
Depreciation and amortisation expenses	22.04	22.67	22.9
Finance costs	5.06	2.83	2.2
Interest received	-14.83	-3.32	-4.38
Provision for Gratuity	3.34	3.21	3.39
Provision for PLI	16.87	-
Allowance for doubtful trade receivables and bad debts written off	-	7.69	-
Share Based payments to employees	163.43	243.84	103.69
Liabilities no longer required written back	-1.33	-0.09	-1.85
GST Refund	6.86	-
Operating loss before working capital changes	-355.79	-300.54	-155
Changes in working capital:
Adjustments for (increase) / decrease in operating assets:
Trade receivables	52.3	-49.35	5.11
Other financial assets	13.47	-275.32	27.01
Other non-financial assets	-94.39	-21.97	-9.63
Adjustments for increase / (decrease) in operating liabilities:	-	-	-
Other financial liabilities	-	-
Provisions	12.88	36.23	-0.19
Trade payables	194.51	-1.33	-0.26
Other non- financial liabilities	47.51	24.03	3.77
Cash used in operations	-129.51	-588.25	-129.29
Net income tax (paid) / refunded	-5.54	-52.8	0.9
Net cash flow used in operating activities	-135.05	-641.05	-128.29
CASH FLOW FROM INVESTING ACTIVITIES
Capital expenditure on property plant and equipment, including capital	-3.37	3.01	-0.13
advances
(Investments)/Proceeds from bank deposits	-	0.59	54.22
Interest received	5.39	2.36	2.7
Net cash flow from/ (used in) investing activities	2.01	5.96	56.79
CASH FLOW FROM FINANCING ACTIVITIES
Short term borrowings	35	-	-
Repayment of Lease Liabilities	-5.05	-3.84	-3.88
Repayment of interest on lease liabilities	-1.36	-1.86	-1.22
Issue of Share Capital	99.59	627.46	-
Finance costs paid	-3.7	-0.97	-0.01
Net cash flow from/ (used in) financing activities	124.48	620.79	-5.11
Net increase/(decrease) in cash and cash equivalents (A+B+C)	-8.56	-14.3	-76.61
Add: Cash and cash equivalents at the beginning of the year	15.85	30.15	106.76
Cash and cash equivalents at the end of the year	7.29	15.85	30.15
Cash and cash equivalents as per Balance Sheet	7.29	15.85	30.15

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

In the fiscal year ending March 31, 2023, the company reported a net cash outflow from operating activities amounting to -135.05, primarily driven by a loss for the year of -557.23. Adjustments included depreciation, finance costs, and provisions for gratuity and PLI, among others. Working capital changes revealed a decrease in trade receivables, while other financial assets and non-financial assets showed mixed movements.

The company managed a net cash inflow from investing activities of 2.01, mainly due to capital expenditure and proceeds from bank deposits. The financing activities resulted in a net cash inflow of 124.48, primarily attributed to the issuance of share capital and short-term borrowings. As a result, the company experienced a net decrease in cash and cash equivalents of -8.56, with the ending cash and cash equivalents standing at 7.29.

In the fiscal year ending March 31, 2022, the company reported a net cash outflow from operating activities amounting to -641.05, primarily driven by a loss for the year of -577.37. Adjustments included depreciation, finance costs, and provisions for gratuity, PLI, and share-based payments. Working capital changes revealed a decrease in trade receivables and other financial assets, but an increase in other non-financial assets.

The company reported a net cash inflow from investing activities of 5.96, driven by capital expenditure and interest received.

The financing activities resulted in a net cash inflow of 620.79, primarily attributed to the issuance of share capital. As a result, the company experienced a net decrease in cash and cash equivalents of -14.3, with the ending cash and cash equivalents standing at 15.85.

In the fiscal year ending March 31, 2021, the company reported a net cash outflow from operating activities amounting to -128.29, primarily driven by a loss for the year of 281.121. Adjustments included depreciation, finance costs, and provisions for gratuity, among others. Working capital changes revealed mixed movements, with an increase in trade receivables and other non-financial liabilities but a decrease in other financial assets.

The company reported a net cash inflow from investing activities of 56.79, driven by proceeds from bank deposits.

The financing activities resulted in a net cash outflow of -5.11, primarily attributed to the repayment of lease liabilities. As a result, the company experienced a net decrease in cash and cash equivalents of -76.61, with the ending cash and cash equivalents standing at 30.15.

Paymate India Limited Financial Ratios

Financial Ratios	2023
Current Ratio	1.39
Debt Equity ratio	0.2
Return on Equity Ratio	-322.64%
Trade Receivables turnover ratio	432.04
Trade payables turnover ratio	132.85
Net capital Turnover Ratio	84.52
Net profit ratio	-4.11%
Return on Capital employed (ROCE)	-328.30%
Return on investment	-92.28%

The financial ratios of Paymate India provide insight into the company 's financial performance and position For March 31, 2023

Revenue from Operations of the company increased by 11.68% from Rs. 12088.90 Cr in FY 2022 to Rs.13501.13 Cr in FY 2023.

Loss after tax of the company decreased by 3.48% from Rs. -577.37 Cr in FY 2022 to Rs. -557.23 Cr in FY 2023.

The Return on equity of the company for the year ended 2023 is -323.97%

Dividend history of Paymate India Limited (In Rs. Millions)

Particulars	2023	2022	2021
Dividend (final + interim) (In Rs.)	-	-	-
Retained Earnings (Rs. in Cr)	-2644.74	-2087.51	-1510.14

Paymate India Annual Report

Paymate India Financials 2022-23

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Paymate India Annual Report 2021-22

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Corporate Actions

Paymate EOGM Notice 2023-24

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Paymate EOGM dated 18.07.2023 FOR FUND RAISE

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Paymate India Annual Reports, Balance Sheet and Financials

Paymate India Limited (Paymate India) Return Comparision with Primex 40 Index

PAYMATE INDIA Limited Balance Sheet (In Rs. Millions)

PAYMATE INDIA Limited Profit & Loss Statement (In Rs. Millions)

PAYMATE INDIA Limited Consolidated Cash Flow Statement (In Rs. Millions)

Paymate India Limited Financial Ratios

Dividend history of Paymate India Limited (In Rs. Millions)

Paymate India Annual Report

Paymate India Financials 2022-23

Paymate India Annual Report 2021-22

Corporate Actions

Paymate EOGM Notice 2023-24

Paymate EOGM dated 18.07.2023 FOR FUND RAISE

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