Avail Finance - Financials, Revenue, P&L Statement, Balance Sheet, Cash Flow & More

Avail Finance: Profit and loss Highlights

• 

  Total Revenue

  -10%

  Prev FY

  ₹6.2 Cr
• 

  Total Expenses

  -33%

  Prev FY

  ₹38.9 Cr
• 

  Profit Before Tax

  35%

  Prev FY

  ₹-32.7 Cr
• 

  Total Tax Expense

  134%

  Prev FY

  ₹4.5 Cr
• 

  Profit After Tax

  0%

  Prev FY

  ₹-37.2 Cr

Avail Finance Profit & loss statement

Financial Year	Trend	2019	2020	2021
Revenue from Operations (₹)		48.0 Lakh	5.6 Cr	4.5 Cr
Other Income (₹)		25.0 Lakh	1.2 Cr	1.7 Cr
Total Revenue (₹)		73.0 Lakh	6.8 Cr	6.2 Cr
EXPENSES
Cost of Materials Consumed (₹)		0.0	0.0	0.0
Purchases of Stock in Trade (₹)		0.0	0.0	0.0
Changes in Inventory (₹)		0.0	0.0	0.0
Employee Benefit Expenses (₹)		3.4 Cr	19.5 Cr	17.6 Cr
Finance Costs (₹)		0.0	0.0	0.0
Depreciation and Amortization (₹)		5.0 Lakh	22.0 Lakh	37.0 Lakh
Other Expenses (₹)		1.9 Cr	37.5 Cr	21.0 Cr
Total Expenses (₹)		5.4 Cr	57.2 Cr	38.9 Cr
Total Revenue Less Total Expenses (₹)		-4.7 Cr	-50.4 Cr	-32.7 Cr
Prior Period and Exceptional Items (₹)		0.0	0.0	0.0
Profit Before Tax (₹)		-4.7 Cr	-50.4 Cr	-32.7 Cr
TAX EXPENSES
Current Tax Expense (₹)		0.0	0.0	0.0
Deferred Tax Expense (₹)		0.0	-12.9 Cr	4.5 Cr
Total Tax Expense (₹)		0.0	-12.9 Cr	4.5 Cr
Net Movement in Regulatory Deferral Account Balances (₹)		0.0	0.0	0.0
Profit from Continuing Operations (₹)		-4.7 Cr	-37.5 Cr	-37.2 Cr
Profit from Discontinuing Operations After Tax (₹)		0.0	0.0	0.0
Net Profit/Loss After Tax (₹)		-4.7 Cr	-37.5 Cr	-37.2 Cr
Other Comprehensive Income (₹)		0.0	0.0	0.0
Total Comprehensive Income (₹)		0.0	0.0	0.0
Profit Before Extraordinary Items (₹)		-4.7 Cr	-50.4 Cr	-32.7 Cr
Extraordinary Items (₹)		0.0	0.0	0.0

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Avail Finance generated a total revenue of ₹38.9 Cr and incurred expenses of ₹38.9 Cr, resulting in a profit before tax of ₹-32.7 Cr for FY 2020-2021. After a total tax expense of ₹4.5 Cr, the profit after tax stood at ₹-37.2 Cr.

Avail Finance: Balance Sheet

Balance Sheet highlights of Avail Finance and a snapshot of its key metrics.

• 

  Equity Share Capital

  26%

  Prev FY

  ₹20.4 Cr
• 

  Non Current Liability

  33%

  Prev FY

  ₹24.0 Lakh
• 

  Current Liability

  277%

  Prev FY

  ₹15.0 Cr
• 

  Total Liability

  267%

  Prev FY

  ₹15.3 Cr
• 

  Non Current Assets

  7%

  Prev FY

  ₹18.9 Cr
• 

  Current Assets

  384%

  Prev FY

  ₹78.6 Cr

Avail Finance Balance Sheet Table

Financial Year	Trend	2019	2020	2021
EQUITY & LIABILITIES
Equity Share Capital (₹)		8.4 Cr	16.2 Cr	20.4 Cr
Reserves & Surplus (₹)		-5.9 Cr	13.6 Cr	61.9 Cr
Money Received Against Share Warrants (₹)		0.0	0.0	0.0
Money Pending Allotment (₹)		0.0	0.0	0.0
Other Equity (₹)		0.0	0.0	0.0
NON-CURRENT LIABILITIES
FINANCIAL LIABILITIES
Borrowings (₹)		0.0	0.0	0.0
Trade Payables (₹)		0.0	0.0	0.0
Other Financial Liabilities (₹)		0.0	0.0	0.0
Provisions (₹)		0.0	18.0 Lakh	24.0 Lakh
Deferred Tax Liabilities (Net) (₹)		0.0	0.0	0.0
Other Liabilities (₹)		0.0	0.0	0.0
Total Non-current Liabilities (₹)		0.0	18.0 Lakh	24.0 Lakh
CURRENT LIABILITIES
FINANCIAL LIABILITIES
Borrowings (₹)		4.0 Cr	0.0	0.0
Trade Payables (₹)		29.0 Lakh	3.4 Cr	3.4 Cr
Other Financial Liabilities (₹)		0.0	0.0	0.0
Provisions (₹)		0.0	0.0	0.0
Current Tax Liabilities (Net) (₹)		0.0	0.0	0.0
Other Liabilities (₹)		81.0 Lakh	61.0 Lakh	11.6 Cr
Total Current Liabilities (₹)		5.1 Cr	4.0 Cr	15.0 Cr
Liabilities Associated with Assets in Disposal Group (₹)		0.0	0.0	0.0
Regulatory Deferral Account Credit Balances (₹)		0.0	0.0	0.0
Total Equity and Liabilities (₹)		7.6 Cr	33.9 Cr	97.5 Cr
ASSETS
NON-CURRENT ASSETS
Property Plant and Equipment (₹)		0.0	0.0	0.0
Capital Work in Progress (₹)		0.0	0.0	0.0
Investment Property (₹)		0.0	0.0	0.0
Goodwill (₹)		0.0	0.0	0.0
Intangible Assets (₹)		0.0	1.0 Lakh	0.0
Intangible Assets under Development (₹)		0.0	0.0	0.0
FINANCIAL ASSETS
Investments (₹)		0.0	0.0	0.0
Trade Receivables (₹)		0.0	0.0	0.0
Loans (₹)		3.3 Cr	3.2 Cr	9.3 Cr
Other Financial Assets (₹)		0.0	0.0	0.0
Deferred Tax Assets (Net) (₹)		54.0 Lakh	13.5 Cr	9.0 Cr
Other Assets (₹)		0.0	0.0	0.0
Tangible Assets (₹)		15.0 Lakh	1.0 Cr	66.0 Lakh
Total Non-current Assets (₹)		4.0 Cr	17.7 Cr	18.9 Cr
CURRENT ASSETS
Inventories (₹)		0.0	0.0	0.0
FINANCIAL ASSETS
Investments (₹)		4.0 Lakh	9.2 Cr	23.9 Cr
Trade Receivables (₹)		34.0 Lakh	1.2 Cr	1.6 Cr
Cash and Cash Equivalents (₹)		2.8 Cr	2.0 Cr	46.5 Cr
Other Bank Balances with Banks (₹)		0.0	0.0	0.0
Loans (₹)		30.0 Lakh	3.8 Cr	6.7 Cr
Other Financial Assets (₹)		0.0	0.0	0.0
Current Tax Assets (₹)		0.0	0.0	0.0
Other Assets (₹)		10.0 Lakh	0.0	0.0
Total Current Assets (₹)		3.6 Cr	16.2 Cr	78.6 Cr
NON-CURRENT ASSETS HELD FOR SALE (₹)		0.0	0.0	0.0
REGULATORY DEFERRAL ACCOUNT DEBIT BALANCES (₹)		0.0	0.0	0.0
TOTAL ASSETS (₹)		7.6 Cr	33.9 Cr	97.5 Cr

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As of FY 2020-2021, Avail Finance has an equity share capital of ₹20.4 Cr, total assets amounting to ₹97.5 Cr, and total liabilities of ₹15.3 Cr.

Avail Finance: Cash Flow

Cash Flow highlights of Avail Finance and a snapshot of its key metrics.

• 

  Cash Balance (Beginning of year)

  -30%

  Prev FY

  ₹2.0 Cr
• 

  Cash Flow (Operating Activities)

  41%

  Prev FY

  ₹-29.8 Cr
• 

  Cash Used (Investing Activities)

  -45%

  Prev FY

  ₹-12.9 Cr
• 

  Cash Used (Financing Activities)

  46%

  Prev FY

  ₹87.2 Cr

Avail Finance Cash Flow Table

Financial Year	Trend	2019	2020	2021
CASH AND EQUIVALENTS AT THE BEGINNING
Cash flows from / used in investing activities (₹)		-19.0 Lakh	-8.9 Cr	-12.9 Cr
Cash flows from / used in financing activities (₹)		1.2 Cr	59.3 Cr	87.2 Cr
Adjustments for exchange rate changes (₹)		0.0	0.0	0.0

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For FY 2020-2021, Avail Finance maintained a cash balance of ₹2.0 Cr, with cash flows from operations at ₹-29.8 Cr, investing activities at ₹-12.9 Cr, and financing activities at ₹87.2 Cr.

Avail Finance: Financial Ratio

Financial Ratio highlights of Avail Finance and a snapshot of its key metrics.

• 

  Earning Per Share

  64%

  Prev FY

  ₹-0.5
• 

  Net Profit Margin

  -10%

  Prev FY

  -6.0%
• 

  Return on Assets

  -52%

  Prev FY

  ₹-55.8
• 

  Debt/Equity

  600%

  Prev FY

  0.1
• 

  Current Ratio

  28%

  Prev FY

  5.2

Avail Finance Financial Ratios Table

Financial Year	Trend	2019	2020	2021
Total Debt/Equity Ratio (X)		1.9	0.0	0.1
Total Debt/Total Assets Ratio (X)		0.6	0.0	0.1
Total Assets/Equity Ratio (X)		3.0	1.1	1.2
Net Debt/Equity Ratio (X)		0.8	-0.1	-0.4
Quick Ratio (X)		0.6	3.1	4.8
Current Ratio (X)		0.7	4.1	5.2
Interest Coverage Ratio (X)		0.0	0.0	0.0
Gross Margin (%)		1.0	1.0	1.0
Net Margin (%)		-6.4	-5.5	-6.0
EBITDA Margin (%)		-6.3	-7.4	-5.2
Return on Fixed Assets (₹)		-31.7	-36.9	-55.8
Return on Equity (X)		-1.9	-1.3	-0.5
Return on Capital Employed (X)		0.0	-2.8	-0.6
Fixed Asset Turnover (₹)		3.2	5.5	6.7
Days Receivables Outstanding		255.0	77.0	128.0
Days Payables Outstanding		53.0	33.0	59.0
Days of Inventory		0.0	0.0	0.0
Enterprise Value (₹)		0.0	0.0	0.0

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In FY 2020-2021, Avail Finance achieved a net profit margin of -6.01, earnings per share of ₹-0.45, a debt/equity ratio of 0.14, and a current ratio of 5.23.