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Paymate India Annual Reports, Balance Sheet and Financials

Last Traded Price 500.00 -1.96 %

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 -26.39 (-0.72%) -64.76 (-1.76%) 177.48 (5.16%) 552.53 (18.05%) 1187.64 (48.95%) 1432.19 (18.32%) 1431.75 (65.62%)
Paymate India Limited 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) -20.00 (-3.85%) -30.00 (-5.66%) -200.00 (-28.57%)

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

Download

Corporate Actions

Paymate EOGM Notice 2023-24

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Paymate EOGM dated 18.07.2023 FOR FUND RAISE

Download

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