Vivriti Capital Latest Annual Report | Balance Sheet

Vivriti Capital Limited (Vivriti Capital) Return Comparision with Primex 40 Index

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Vivriti Capital Limited

Vivriti Capital Limited Balance Sheet (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
ASSETS
Current Assets
Cash and cash equivalents	43,290.49	29,573.90
Bank Balances other than cash and cash equivalents	52,500.38	26,496.00
Derivative financial instruments	488.08	384.32
Trade receivables	1,774.62	1,417.13
Loans	7,30,352.11	4,53,295.43
Investments	2,28,781.77	3,14,872.57
Other financial assets	5,487.53	3,496.81
Current tax assets (net)	308.23	3,499.35
Deferred tax assets (net)	2,677.09	1,329.80
Investment property	901.07	932.84
Non Current Assets
Property, plant and equipment	3,119.09	2,575.01
Capital work-in-progress	161.97	400.08
Right of use asset	3,775.06	2,893.48
Intangible assets under development	872.93	564.65
Other intangible assets	543.97	267.95
Other non-financial assets	4,724.81	3,532.31
Non-current assets held for sale	1,033.71	209.9
Total assets	10,80,792.91	8,45,741.53
EQUITY AND LIABILITIES
LIABILITIES
total outstanding dues of micro enterprises and small enterprises	4.25	14.8
total outstanding dues of creditors other than micro enterprises and small enterprises	1,606.06	2,145.94
Debt securities	1,80,773.70	1,51,887.19
Borrowings (Other than debt securities)	5,26,220.77	3,50,698.27
Other financial liabilities	23,540.25	8,158.10
Deferred tax liabilities (net)	46,083.88	45,957.00
Current tax liabilities (net)	1,035.43	-
Provisions	898.8	507.99
Other non-financial liabilities	389.78	376.92
EQUITY
Equity share capital	1,766.22	1,708.12
Convertible preference share capital	9,094.02	9,002.20
Other equity	2,83,791.16	2,69,649.50
Non-controlling interests	5,588.59	5,635.50
Total equity and liabilities	10,80,792.91	8,45,741.53

Vivriti Capital Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Interest income	94,807.30	60,845.01
Fees and commission income	7,581.58	4,172.71
Net gain on fair value change on financial instruments	4,536.36	3,685.24
Net gain on derecognition of financial instruments	1,005.96	104.7
Other Income	1,911.83	1,166.29
Gain on loss / dilution of control	1,196.89	384.58
Total income	1,11,039.92	70,358.53
Expenses
Finance costs	54,202.26	38,425.53
Impairment on financial instruments	10,272.50	917
Employee benefit expense	12,425.01	7,480.61
Depreciation and amortisation	1,919.21	870.49
Other expenses	6,443.05	4,873.54
Total expenses	85,262.03	52,567.17
Profit before tax	25,777.89	17,791.36
Tax expense
Current tax	7,861.56	4,572.81
Deferred tax charge / (benefit)	-1,389.17	-270.55
Net profit after tax	19,305.50	13,489.10
Share of loss from associate (net of income tax)	-18,985.95	-25,658.67
Net (loss) / profit after tax for the year	319.55	-12,169.57
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of the defined benefit asset/ (liability)	-20.68	-43.47
Income tax relating to items that will not be reclassified to profit or loss	5.2	8.57
Sub-total	-15.48	-34.9
Items that will be reclassified to profit or loss
Fair valuation of financial instruments through other comprehensive income (net)	750.97	-634.75
Changes in cash flow hedge reserve	-59.71	-11.7
Income tax relating to items that will be reclassified to profit or loss	-173.98	162.7
Sub-total	517.28	-483.75
Other comprehensive income	501.81	-518.65
Share of other comprehensive loss from associate (net of income tax)	-6.67	-228.36
Total other comprehensive income	495.14	-747.01
Total comprehensive income for the year, net of income tax	814.69	-12,916.58
Profit for the year attributable to
Owners of the Company	362.97	-12,176.85
Non-controlling interest	-43.42	7.28
Other comprehensive income for the year, net of tax
Owners of the Company	497.58	-744.7
Non-controlling interest	-2.44	-2.31
Total comprehensive income for the year, net of income tax
Owners of the Company	860.55	-12,921.55
Non-controlling interest	-45.86	4.97
Earnings per equity share
Basic (₹)	0.34	-13.09
Diluted (₹)	0.33	-13.09

Vivriti Capital Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Cash flow from operating activities
Profit before tax	25,777.89	17,791.36
Adjustments:
Depreciation and amortisation	1,919.22	870.49
Fair valuation gain on derivative contract	-103.76	-766.32
Impairment on financial instruments (net)	10,272.50	917
Employee share-based payment expenses	2,717.19	1,395.85
Finance costs	54,431.29	38,425.53
Notional interest income and net gain on sublease	-106.05	-74.28
Interest income on bank balances other than cash and cash equivalents	-2,124.72	-2,263.28
Gain on loss/dilution of control	-1,196.89	-384.58
Net gain on derecognition of financial instruments	-1,005.96	-104.70
Gain on sale of shares in associate company	-1,519.25	-1,025.52
Unrealised change in fair value of financial instruments	-838.34	101.71
Gain on sale of fixed assets	-	-6.49
Liabilities no longer required written back	-27.78	-
Operating profit before working capital changes	88,195.34	54,876.77
Changes in working capital and other changes:
(Increase)/Decrease in other financial assets	298.75	-2,427.61
(Increase) in loans	-2,86,266.50	-1,57,863.71
(Increase) in trade receivables	-154.97	-386.21
(Increase) in other non-financial assets	-2,141.33	-1,074.62
Increase in trade payables, other liabilities, and provisions	14,003.87	3,555.97
Cash used in operating activities	-1,86,064.84	-1,03,319.40
Finance cost paid	-46,596.15	-31,402.73
Income tax paid (net)	-3,616.95	-6,118.19
Net cash flows used in operating activities (A)	-2,36,277.94	-1,40,840.33
Cash flows from investing activities
Investment in bank balances other than cash and cash equivalents (net)	-26,004.40	5,917.54
Interest received on bank balances other than cash and cash equivalents	1,320.60	1,664.69
Purchase of property, plant, and equipment	-1,741.76	-3,251.75
Sale of property, plant, and equipment	20.32	173.58
(Investment in)/Redemption of investments in alternative investment funds (net)	6,528.77	-10,633.01
Change in investment in associate (net)	2,325.03	1,637.20
Investments in Mutual funds (net)	-2,346.26	-4,156.73
Investments other than Alternative investment funds and Mutual funds (net)	59,717.49	-31,328.88
Net cash flows used in investing activities (B)	39,819.79	-39,977.36
Financing activities
Proceeds from issue of share capital including securities premium	10,614.41	24,151.53
Proceeds from issue of debt securities	1,34,910.04	1,17,343.21
Repayment of debt securities	-1,12,231.04	-78,663.46
Proceeds from borrowings (other than debt securities issued)	4,36,109.40	2,66,916.99
Repayment of borrowings (other than debt securities issued)	-2,57,923.87	-1,66,194.82
Payments of lease liabilities	-1,304.20	-519.78
Net cash flows generated from financing activities (C)	2,10,174.74	1,63,033.67
Net increase in cash and cash equivalents (A + B + C)	13,716.59	-17,784.02
Cash and cash equivalents at the beginning of the year	29,573.90	47,357.92
Cash and cash equivalents at the end of the year	43,290.49	29,573.90

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

Cash Flow from Operating Activities

Profit before tax increased to ₹25,777.89 lakhs in 2024 from ₹17,791.36 lakhs in 2023, indicating higher profitability before tax in 2024.

Adjustments made to the profit before tax included depreciation, fair valuation gains, impairment on financial instruments, employee share-based expenses, finance costs, and others. These adjustments are necessary to account for non-cash items and other income and expense categories that affect cash flow.

Depreciation and amortisation increased from ₹870.49 lakhs in 2023 to ₹1,919.22 lakhs in 2024, suggesting more capital assets being used or an increase in amortisation of intangible assets.

Impairment on financial instruments jumped significantly to ₹10,272.50 lakhs from ₹917 lakhs, reflecting a higher charge due to credit losses or revaluation of financial assets.

Finance costs surged from ₹38,425.53 lakhs to ₹54,431.29 lakhs, driven by increased debt or higher interest rates, impacting the operating cash flow.

The operating profit before working capital changes increased significantly to ₹88,195.34 lakhs in 2024 from ₹54,876.77 lakhs in 2023, mainly due to higher profits and adjustments.

Working capital changes led to a massive cash outflow. The biggest factor was the increase in loans, which grew to ₹2,86,266.50 lakhs in 2024 from ₹1,57,863.71 lakhs in 2023, reflecting substantial lending activities.

As a result of these changes, cash used in operating activities stood at ₹1,86,064.84 lakhs in 2024, up from ₹1,03,319.40 lakhs in 2023.

After deducting finance costs paid and income tax paid, the net cash flows used in operating activities increased to ₹2,36,277.94 lakhs in 2024, compared to ₹1,40,840.33 lakhs in 2023. This indicates a larger cash outflow from operations in 2024.

Cash Flow from Investing Activities

The company saw a substantial net investment in bank balances in 2024, amounting to ₹26,004.40 lakhs, compared to a net inflow of ₹5,917.54 lakhs in 2023. This indicates more cash being held in fixed deposits or other non-liquid bank balances.

Investments in Alternative Investment Funds saw a net inflow of ₹6,528.77 lakhs in 2024 compared to an outflow of ₹10,633.01 lakhs in 2023, suggesting a shift in investment strategy.

There was a major net increase in investments other than mutual funds of ₹59,717.49 lakhs in 2024, reversing from an outflow of ₹31,328.88 lakhs in 2023, likely due to divestment in other investments.

As a result, the net cash flows used in investing activities improved to an inflow of ₹39,819.79 lakhs in 2024 compared to an outflow of ₹39,977.36 lakhs in 2023.

Cash Flow from Financing Activities

The company raised ₹10,614.41 lakhs from issuing shares in 2024, down from ₹24,151.53 lakhs in 2023, reflecting lower capital raising activity.

Proceeds from debt securities increased to ₹1,34,910.04 lakhs in 2024 from ₹1,17,343.21 lakhs in 2023, while repayments of these securities also grew from ₹78,663.46 lakhs to ₹1,12,231.04 lakhs, indicating increased debt activity.

A significant increase in borrowings (other than debt securities) to ₹4,36,109.40 lakhs in 2024 from ₹2,66,916.99 lakhs in 2023, alongside increased repayments, suggests an expansion in overall borrowing.

After accounting for lease payments and debt repayments, the net cash flows from financing activities rose to ₹2,10,174.74 lakhs in 2024 from ₹1,63,033.67 lakhs in 2023, showing strong cash inflows from financing activities.

Net Increase in Cash and Cash Equivalents

Combining all activities, the net increase in cash and cash equivalents was ₹13,716.59 lakhs in 2024, a turnaround from the net outflow of ₹17,784.02 lakhs in 2023.

Cash and cash equivalents at the end of the year increased to ₹43,290.49 lakhs in 2024 from ₹29,573.90 lakhs in 2023, reflecting improved liquidity at the close of the financial year.

Other Financial Intermediaries Industry Overview

Any financial institution that is not an insurance company, commercial bank, public financial institution, central bank, or pension fund is referred to as an NBFI. These organisations are vital to the global financial system. Other Financial Intermediaries (OFIs) are a subgroup of the Non-Bank Financial Institutions (NBFI) industry. Various organisations that carry out financial intermediation tasks are included in OFIs. Financial intermediaries link savers and borrowers, facilitating the expansion of the economy. The capacity of financial intermediaries to convert assets, lower transaction costs, and eliminate asymmetries are some of their key traits. In financial transactions, financial intermediates serve as middlemen between parties. They manage risks, transfer money from savers to borrowers, and supply liquidity.
About $260 trillion worth of funds are handled by the financial intermediation sector. This covers risk management, lending, investing, storing, and transferring.

FAQ Related to Vivriti Capital Private Limited

Q.1 Do Vivriti Capital Private Limited is listed or not?

Vivriti Capital Limited is an unlisted public company incorporated on 22 June 2017. It is classified as a public limited company and is located in, Tamil Nadu.

Q.2 Is Vivriti Capital Private Limited profitable?

Yes, Vivriti Capital Private Limited has reported profitability.

Q.3 What are the reasons for improvement in profitability of vivriti capital private limited?

The company has been improving its profitability over the past few years, with some improvement in margins and low provision and credit costs.

Q.5 What is the main Work of vivriti capital limited?

The company aims to bring necessary debt finance to hundreds of mid-market enterprises across India. While it is not listed on the stock market, it has been actively involved in providing financial solutions to businesses in need of capital.

Q.6 Why Vivriti Capital Private Limited is not listed in stock market?

While Vivriti Capital is not publicly traded, it continues to play a significant role in providing financial solutions to mid-market enterprises, contributing to India’s economic growth.

Vivriti Capital Annual Reports, Balance Sheet and Financials

Vivriti Capital Limited (Vivriti Capital) Return Comparision with Primex 40 Index

Vivriti Capital Limited Balance Sheet (Rs in Lakhs)

Vivriti Capital Limited Profit & Loss Statement (Rs in Lakhs)

Vivriti Capital Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Other Financial Intermediaries Industry Overview

FAQ Related to Vivriti Capital Private Limited

Vivriti Capital Annual Report

Vivriti Capital Standalone Financial Statements_FY 22-23

Vivriti Capital Consolidated Financial Statements_FY 22-23

Vivriti Capital Consolidated Annual Report_FY 22-23

Vivriti Capital Annual Report FY 2023-24

Vivriti Capital Annual Report FY 2021-22

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