GoMechanic is an consumer services growth stage company based in Gurugram, Haryana.

GoMechanic

TARGETONE INNOVATIONS PRIVATE LIMITED

Private

Consumer ServicesHyperlocal ServicesAuto Services

Founded in 2016 and headquartered in Gurugram, GoMechanic is a hyperlocal services platform. The company offers auto services for vehicle services, insurance claims, denting and painting services at t...

GoMechanic: Financial Breakdown

Decoding The Financial Health & Metrics Of GoMechanic

Total Revenue
104%
Prev FY
₹96.8 Cr
Total Expenses
182%
Prev FY
₹210.9 Cr
Profit After Tax
-317%
Prev FY
₹-114.3 Cr
Total Assets
173%
Prev FY
₹267.0 Cr
Net Profit Margin
-104%
Prev FY
-1.2%

Note: Above mentioned stats are for FY 2021-2022

GoMechanic: Profit and loss Highlights

Total Revenue
104%
Prev FY
₹96.8 Cr
Total Expenses
182%
Prev FY
₹210.9 Cr
Profit Before Tax
-317%
Prev FY
₹-114.3 Cr
Profit After Tax
-317%
Prev FY
₹-114.3 Cr

Note: Above mentioned stats are for FY 2021-2022

GoMechanic Profit & loss statement

Financial Year	2020	2021	2022
Revenue from Operations (₹)	24.0 Cr	34.2 Cr	90.5 Cr
Other Income (₹)	1.2 Cr	13.1 Cr	6.3 Cr
Total Revenue (₹)	25.2 Cr	47.2 Cr	96.8 Cr
EXPENSES
Cost of Materials Consumed (₹)	0.0	0.0	0.0
Purchases of Stock in Trade (₹)	16.4 Cr	10.4 Cr	37.6 Cr
Changes in Inventory (₹)	12.0 Lakh	20.0 Lakh	0.0
Employee Benefit Expenses (₹)	29.9 Cr	30.9 Cr	61.8 Cr
Finance Costs (₹)	32.0 Lakh	1.4 Cr	3.1 Cr
Depreciation and Amortization (₹)	12.0 Lakh	16.0 Lakh	13.0 Lakh
Other Expenses (₹)	35.3 Cr	31.5 Cr	108.3 Cr
Total Expenses (₹)	82.1 Cr	74.6 Cr	210.9 Cr
Total Revenue Less Total Expenses (₹)	-56.9 Cr	-27.4 Cr	-114.1 Cr
Prior Period and Exceptional Items (₹)	1.7 Cr	0.0	0.0
Profit Before Tax (₹)	-58.5 Cr	-27.4 Cr	-114.3 Cr
TAX EXPENSES
Current Tax Expense (₹)	0.0	0.0	0.0
Deferred Tax Expense (₹)	0.0	0.0	0.0
Total Tax Expense (₹)	0.0	0.0	0.0
Net Movement in Regulatory Deferral Account Balances (₹)	0.0	0.0	0.0
Profit from Continuing Operations (₹)	-58.5 Cr	-27.4 Cr	-114.3 Cr
Profit from Discontinuing Operations After Tax (₹)	0.0	0.0	0.0
Net Profit/Loss After Tax (₹)	-58.5 Cr	-27.4 Cr	-114.3 Cr
Other Comprehensive Income (₹)	0.0	0.0	0.0
Total Comprehensive Income (₹)	0.0	0.0	0.0
Profit Before Extraordinary Items (₹)	-58.5 Cr	-27.4 Cr	-114.1 Cr
Extraordinary Items (₹)	0.0	9.0 Lakh	14.0 Lakh

GoMechanic generated a total revenue of ₹210.9 Cr and incurred expenses of ₹210.9 Cr, resulting in a profit before tax of ₹-114.3 Cr for FY 2021-2022. After a total tax expense of ₹0.0, the profit after tax stood at ₹-114.3 Cr.

GoMechanic: Balance Sheet

Balance Sheet highlights of GoMechanic and a snapshot of its key metrics.

Equity Share Capital
25%
Prev FY
₹25.0 Lakh
Non Current Liability
32%
Prev FY
₹2.1 Cr
Current Liability
57%
Prev FY
₹72.3 Cr
Total Liability
56%
Prev FY
₹74.4 Cr
Non Current Assets
-86%
Prev FY
₹1.6 Cr
Current Assets
205%
Prev FY
₹265.4 Cr

Note: Above mentioned stats are for FY 2021-2022

GoMechanic Balance Sheet Table

Financial Year	2020	2021	2022
EQUITY & LIABILITIES
Equity Share Capital (₹)	20.0 Lakh	20.0 Lakh	25.0 Lakh
Reserves & Surplus (₹)	76.8 Cr	49.4 Cr	192.4 Cr
Money Received Against Share Warrants (₹)	49.0 Lakh	49.0 Lakh	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 (₹)	8.1 Cr	1.6 Cr	2.1 Cr
Deferred Tax Liabilities (Net) (₹)	0.0	0.0	0.0
Other Liabilities (₹)	57.0 Lakh	0.0	0.0
Total Non-current Liabilities (₹)	8.7 Cr	1.6 Cr	2.1 Cr
CURRENT LIABILITIES
FINANCIAL LIABILITIES
Borrowings (₹)	9.3 Cr	20.2 Cr	23.0 Cr
Trade Payables (₹)	6.4 Cr	17.6 Cr	31.7 Cr
Other Financial Liabilities (₹)	0.0	0.0	0.0
Provisions (₹)	1.7 Cr	0.0	9.0 Lakh
Current Tax Liabilities (Net) (₹)	0.0	0.0	0.0
Other Liabilities (₹)	4.5 Cr	8.1 Cr	17.4 Cr
Total Current Liabilities (₹)	21.9 Cr	45.9 Cr	72.3 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 (₹)	108.1 Cr	97.6 Cr	267.0 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 (₹)	6.0 Lakh	3.0 Lakh	3.0 Lakh
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 (₹)	3.5 Cr	95.0 Lakh	1.0 Cr
Other Financial Assets (₹)	33.0 Lakh	9.7 Cr	12.0 Lakh
Deferred Tax Assets (Net) (₹)	0.0	0.0	0.0
Other Assets (₹)	0.0	0.0	0.0
Tangible Assets (₹)	19.0 Lakh	12.0 Lakh	47.0 Lakh
Total Non-current Assets (₹)	4.1 Cr	10.8 Cr	1.6 Cr
CURRENT ASSETS
Inventories (₹)	20.0 Lakh	0.0	0.0
FINANCIAL ASSETS
Investments (₹)	71.6 Cr	10.6 Cr	20.6 Cr
Trade Receivables (₹)	5.3 Cr	22.6 Cr	38.4 Cr
Cash and Cash Equivalents (₹)	12.6 Cr	13.6 Cr	118.8 Cr
Other Bank Balances with Banks (₹)	0.0	0.0	0.0
Loans (₹)	14.2 Cr	39.8 Cr	87.0 Cr
Other Financial Assets (₹)	0.0	0.0	0.0
Current Tax Assets (₹)	0.0	0.0	0.0
Other Assets (₹)	11.0 Lakh	15.0 Lakh	64.0 Lakh
Total Current Assets (₹)	104.0 Cr	86.8 Cr	265.4 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 (₹)	108.1 Cr	97.6 Cr	267.0 Cr

As of FY 2021-2022, GoMechanic has an equity share capital of ₹25.0 Lakh, total assets amounting to ₹267.0 Cr, and total liabilities of ₹74.4 Cr.

GoMechanic: Financial Ratio

Financial Ratio highlights of GoMechanic and a snapshot of its key metrics.

Earning Per Share
-9%
Prev FY
₹-0.6
Net Profit Margin
-104%
Prev FY
-1.2%
Return on Assets
-28%
Prev FY
₹-226.6
Debt/Equity
-64%
Prev FY
0.2
Current Ratio
94%
Prev FY
3.7

Note: Above mentioned stats are for FY 2021-2022

GoMechanic Financial Ratios Table

Financial Year	2020	2021	2022
Total Debt/Equity Ratio (X)	0.2	0.6	0.2
Total Debt/Total Assets Ratio (X)	0.1	0.3	0.1
Total Assets/Equity Ratio (X)	1.4	1.9	1.4
Net Debt/Equity Ratio (X)	0.0	0.3	-0.4
Quick Ratio (X)	4.1	1.0	2.5
Current Ratio (X)	4.8	1.9	3.7
Interest Coverage Ratio (X)	-178.4	-18.1	-36.2
Gross Margin (%)	0.3	0.7	0.6
Net Margin (%)	-2.3	-0.6	-1.2
EBITDA Margin (%)	-2.2	-0.5	-1.1
Return on Fixed Assets (₹)	-234.6	-177.6	-226.6
Return on Equity (X)	-0.8	-0.5	-0.6
Return on Capital Employed (X)	-0.7	-0.7	-0.6
Fixed Asset Turnover (₹)	96.4	221.2	179.6
Days Receivables Outstanding	80.0	241.0	154.0
Days Payables Outstanding	45.0	152.0	79.0
Days of Inventory	4.0	0.0	0.0
Enterprise Value (₹)	0.0	0.0	0.0

In FY 2021-2022, GoMechanic achieved a net profit margin of -1.18, earnings per share of ₹-0.59, a debt/equity ratio of 0.21, and a current ratio of 3.67.

FAQs On Financial Health Of GoMechanic

What were GoMechanic's total revenue and profit for the latest financial year?

For FY 2021-2022, GoMechanic reported a total revenue of ₹96.8 Cr and a profit after tax of ₹-114.3 Cr, showcasing its financial performance and profitability.

How does the balance sheet of GoMechanic reflect its financial stability?

As of FY 2021-2022, GoMechanic has total assets of ₹267.0 Cr, total liabilities of ₹74.4 Cr, and equity share capital of ₹25.0 Lakh, indicating its financial health and stability.

What insights can be gained from GoMechanic's cash flow management?

In FY 2021-2022, GoMechanic maintained a cash balance of ₹0.0, with cashflows from operations at ₹0.0, investing activities at ₹0.0, and financing activities at ₹0.0, reflecting its cash management strategies.

What do the key financial ratios of GoMechanic indicate?

For FY 2021-2022,GoMechanic achieved a net profit margin of -1.18%, earning per share of ₹-0.6, and a debt/equity ratio of 0.2, and a current ratio of 3.7, offering insights into its profitability, leverage, and liquidity.

How has GoMechanic's financial performance evolved compared to previous year?

Compared to the previous year, GoMechanic experienced a 105.00% increase in total revenue and a -316.47% increase in profit after tax, highlighting its growth and change in profitability.

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

GoMechanic: Financial Breakdown

GoMechanic: Profit and loss Highlights

GoMechanic Profit & loss statement

EXPENSES

TAX EXPENSES

Unlock all exclusive financials data

GoMechanic: Balance Sheet

GoMechanic Balance Sheet Table

EQUITY & LIABILITIES

NON-CURRENT LIABILITIES

FINANCIAL LIABILITIES

CURRENT LIABILITIES

FINANCIAL LIABILITIES

ASSETS

NON-CURRENT ASSETS

FINANCIAL ASSETS

CURRENT ASSETS

FINANCIAL ASSETS

NON-CURRENT ASSETS HELD FOR SALE (₹)

REGULATORY DEFERRAL ACCOUNT DEBIT BALANCES (₹)

TOTAL ASSETS (₹)

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GoMechanic: Financial Ratio

GoMechanic Financial Ratios Table

Unlock all exclusive financials data

FAQs On Financial Health Of GoMechanic

What were GoMechanic's total revenue and profit for the latest financial year?

How does the balance sheet of GoMechanic reflect its financial stability?

What insights can be gained from GoMechanic's cash flow management?

What do the key financial ratios of GoMechanic indicate?

How has GoMechanic's financial performance evolved compared to previous year?

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