Zepto Private Limited (Zepto) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Zepto Private Limited

Zepto Private Limited Consolidated Balance Sheet (Rs. In Millions)

Particulars	31-03-2024	31-03-2023
Non-Current Assets
Property, plant and equipment	1,457.05	1,064.69
Capital Work in progress	2.45	1.87
Other Intangible assets	3,222.66	1,906.90
Intangible assets under development	-	17.79
Other non-current financial assets	489.11	252.94
Other non-current assets	172.13	121.93
Current Assets
Inventories	1,265.47	1,577.33
Current Investments	-	748.17
Trade receviables, current	3,236.85	708.17
Cash and cash equivalents	3,982.85	177.34
Bank balances other than above	2,941.00	6,130.00
Other current financial assets	206.54	255.71
Other current assets	2,348.89	1,811.99
Total Assets	19,325.00	14,774.83
Equity
Equity share capital	95.11	84.28
Other Equity	6,334.74	6,376.62
Non-current Liabilities
Borrowings	567.32	469.28
Other non-current financial liabilities	2,864.66	1,477.35
Provisions	125.77	38.07
Current Liabilities
Borrowings	1,069.00	740.00
Trade payables	5,738.89	3,537.95
Other current finacial liabilities	2,142.66	1,799.75
Other current liabilities	220.85	180.28
Provisions	166.00	71.34
Total Equity and Liabilities	19,325.00	14,774.83

Zepto Private Limited Consolidated Profit & Loss (Rs. In Millions)

Particulars	31-03-2024	31-03-2023
Income
Revenue from Operations	44,545.16	20,256.96
Other Income	440.57	519.05
Total Income	44,985.73	20,776.01
Expenses
Purchase of stock in trade	34,498.29	19,530.26
Changes in inventories	311.86	-896.30
Employee benefit expenses	4,262.59	2,634.47
Finance costs	568.60	430.61
Depreciation, depletion & amortisation expenses	1,209.80	675.88
Other Expenses	16,620.99	11,125.95
Total Expenses	57,472.13	33,500.87
Profit Before Tax	-12,486.40	-12,724.86
Total Profit/(Loss) for period	-12,486.40	-12,724.86
Total Other comprehensive income	-39.64	4.32
Total Comprehensive Income	-12,526.04	-12,720.54
Earnings per share
Basic	-1,416.49	-1,695.21
Diluted	-1,416.49	-1,695.21

Zepto Private Limited Consolidated Cash Flow Statement (Rs. In Millions)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Profit before tax	-12,486.40	-12,724.86
Adjustments For:
Adjustments for decrease (increase) in inventories	311.86	-896.30
Adjustments for decrease (increase) in trade receivables, current	-2,528.68	-560.87
Adjustments for decrease (increase) in other current assets	-563.28	-160.40
Adjustments for other financial assets, non-current	-137.49	114.56
Adjustments for other financial assets, current	21.12	-682.63
Adjustments for other bank balances	23.44	16.33
Adjustments for increase (decrease) in trade payables, current	2,200.15	1,797.42
Adjustments for increase (decrease) in other current liabilities	40.75	118.89
Adjustments for depreciation and amortisation expense	1,209.80	675.88
Adjustments for provisions, current	192.52	170.90
Adjustments for other financial liabilities, current	-535.96	1,128.83
Adjustments for other financial liabilities, non-current	33.55	60.13
Adjustments for unrealised foreign exchange losses gains	0.79	0.05
Adjustments for interest income	-263.83	95.84
Adjustments for share-based payments	737.55	309.97
Adjustments for fair value losses (gains)	79.82	0.00
Total adjustments for reconcile profit (loss)	1,349.77	1,996.92
Net cash flows from (used in) operations	-11,136.63	-10,727.94
Income taxes paid (refund)	-4.87	108.38
Other inflows (outflows) of cash	-183.03	13.30
Net cash flows from (used in) operating activities	-11,314.79	-10,823.02
Cash Flow from Investing Activities
Proceeds from sales of property, plant and equipment	1.98	0.75
Purchase of property, plant and equipment	1,024.87	625.32
Proceeds from sales of investment property	32,385.15	1,050.00
Purchase of investment property	31,510.79	1,794.81
Interest received	278.75	413.44
Other inflows (outflows) of cash	3,100.39	-6,306.38
Net cash flows from (used in) investing activities	3,230.61	-7,262.32
Cash Flow from Financing Activities
Proceeds from issuing shares	-	0.02
Proceeds from issuing other equity instruments	12,494.99	15,895.00
Proceeds from issuing debentures notes bonds etc	427.04	1,209.28
Payments of lease liabilities	853.89	501.05
Interest paid	178.45	172.66
Net cash flows from (used in) financing activities	11,889.69	16,430.59
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	3,805.51	-1,654.75
Net increase (decrease) in cash and cash equivalents	3,805.51	-1,654.75
Cash and cash equivalents at the end of period	3,982.85	177.34

Summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities

During FY 2023–24, the company reported a loss before tax of ₹12,486.40 million, slightly lower than the previous year’s loss of ₹12,724.86 million. The operating cash flow was significantly impacted by various working capital adjustments. There was an increase in trade receivables (₹2,528.68 million) and other current assets (₹563.28 million), both of which reduced cash flow. However, inventory decreased by ₹311.86 million, providing some positive inflow. Other favorable adjustments included a rise in trade payables (₹2,200.15 million) and depreciation & amortisation (₹1,209.80 million), indicating continued investment in tangible and intangible assets.
Non-cash adjustments such as share-based payments (₹737.55 million) and fair value losses (₹79.82 million) also contributed positively to the reconciled profit. After considering these adjustments, net cash used in operations stood at ₹11,136.63 million. Following income tax payments of ₹4.87 million and other outflows of ₹183.03 million, the net cash outflow from operating activities totaled ₹11,314.79 million, indicating a substantial drain on cash from core business operations.

Cash Flow from Investing Activities

In FY 2023–24, Kiranakart’s investing activities reflected a net inflow of ₹3,230.61 million, a sharp turnaround from the outflow of ₹7,262.32 million in FY 2022–23. The company realized significant proceeds from the sale of investment property (₹32,385.15 million), which largely offset new purchases of investment property (₹31,510.79 million). Additional sources of inflow included interest received (₹278.75 million) and other investing inflows (₹3,100.39 million). These inflows outweighed outflows such as the purchase of property, plant, and equipment (₹1,024.87 million). Overall, the company managed to generate positive cash from its investment activities during the year, largely driven by asset sales and financial gains.

Cash Flow from Financing Activities

Financing activities provided a net inflow of ₹11,889.69 million in FY 2023–24, compared to ₹16,430.59 million in the prior year. The major source of financing cash was the issuance of other equity instruments (₹12,494.99 million), suggesting the company raised fresh funds from investors. It also generated ₹427.04 million from issuing debentures and bonds. However, there were outflows due to lease payments (₹853.89 million) and interest expenses (₹178.45 million). Despite being lower than last year’s financing inflows, this segment remains the primary contributor to cash generation, helping offset the large operational deficit.

Net Change in Cash and Cash Equivalents

Overall, Kiranakart Technologies experienced a net increase in cash and cash equivalents of ₹3,805.51 million in FY 2023–24, compared to a decrease of ₹1,654.75 million in FY 2022–23. This improvement was primarily due to strong financing inflows and positive investing results, despite the significant operational cash outflows. Consequently, the company’s cash balance at year-end stood at ₹3,982.85 million, up from ₹177.34 million in the previous year — a sign of improved liquidity management and access to financing during the period.