Myelin Foundry - A Funded Enterprise Tech Startup Based Out Of Bengaluru

Myelin Foundry

MYELIN FOUNDRY PRIVATE LIMITED

Private

Myelin Foundry is a company based in Bengaluru, Karnataka, India, operating in the enterprise tech sector. Founded in 2019, it now employs 49 individuals. The company was established by Aditi Olemann,...

Myelin Foundry: Financial Breakdown

Decoding The Financial Health & Metrics Of Myelin Foundry

Total Revenue
-35%
Prev FY
₹68.0 Lakh
Total Expenses
39%
Prev FY
₹8.0 Cr
Profit After Tax
-53%
Prev FY
₹-7.2 Cr
Total Assets
-15%
Prev FY
₹3.2 Cr
Net Profit Margin
-134%
Prev FY
-10.7%

Note: Above mentioned stats are for FY 2020-2021

Myelin Foundry: Profit and loss Highlights

Total Revenue
-35%
Prev FY
₹68.0 Lakh
Total Expenses
39%
Prev FY
₹8.0 Cr
Profit Before Tax
-56%
Prev FY
₹-7.3 Cr
Total Tax Expense
-184%
Prev FY
₹-5.0 Lakh
Profit After Tax
-53%
Prev FY
₹-7.2 Cr

Note: Above mentioned stats are for FY 2020-2021

Myelin Foundry Profit & loss statement

Financial Year	2019	2020	2021
Revenue from Operations (₹)	0.0	96.0 Lakh	40.0 Lakh
Other Income (₹)	0.0	8.0 Lakh	27.0 Lakh
Total Revenue (₹)	0.0	1.0 Cr	68.0 Lakh
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 (₹)	0.0	1.3 Cr	4.9 Cr
Finance Costs (₹)	0.0	0.0	0.0
Depreciation and Amortization (₹)	0.0	13.0 Lakh	68.0 Lakh
Other Expenses (₹)	0.0	4.3 Cr	2.4 Cr
Total Expenses (₹)	0.0	5.7 Cr	8.0 Cr
Total Revenue Less Total Expenses (₹)	0.0	-4.7 Cr	-7.3 Cr
Prior Period and Exceptional Items (₹)	0.0	0.0	0.0
Profit Before Tax (₹)	0.0	-4.7 Cr	-7.3 Cr
TAX EXPENSES
Current Tax Expense (₹)	0.0	1.0 Lakh	0.0
Deferred Tax Expense (₹)	0.0	5.0 Lakh	-5.0 Lakh
Total Tax Expense (₹)	0.0	6.0 Lakh	-5.0 Lakh
Net Movement in Regulatory Deferral Account Balances (₹)	0.0	0.0	0.0
Profit from Continuing Operations (₹)	0.0	-4.8 Cr	-7.2 Cr
Profit from Discontinuing Operations After Tax (₹)	0.0	0.0	0.0
Net Profit/Loss After Tax (₹)	0.0	-4.8 Cr	-7.2 Cr
Other Comprehensive Income (₹)	0.0	0.0	0.0
Total Comprehensive Income (₹)	0.0	0.0	0.0
Profit Before Extraordinary Items (₹)	0.0	-4.7 Cr	-7.3 Cr
Extraordinary Items (₹)	0.0	0.0	0.0

Myelin Foundry generated a total revenue of ₹8.0 Cr and incurred expenses of ₹8.0 Cr, resulting in a profit before tax of ₹-7.3 Cr for FY 2020-2021. After a total tax expense of ₹-5.0 Lakh, the profit after tax stood at ₹-7.2 Cr.

Myelin Foundry: Balance Sheet

Balance Sheet highlights of Myelin Foundry and a snapshot of its key metrics.

Equity Share Capital
₹2.0 Lakh
Non Current Liability
1136%
Prev FY
₹4.5 Cr
Current Liability
179%
Prev FY
₹2.5 Cr
Total Liability
457%
Prev FY
₹6.9 Cr
Non Current Assets
-25%
Prev FY
₹2.0 Cr
Current Assets
6%
Prev FY
₹1.3 Cr

Note: Above mentioned stats are for FY 2020-2021

Myelin Foundry Balance Sheet Table

Financial Year	2019	2020	2021
EQUITY & LIABILITIES
Equity Share Capital (₹)	0.0	2.0 Lakh	2.0 Lakh
Reserves & Surplus (₹)	0.0	2.5 Cr	-3.7 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	4.0 Cr
Trade Payables (₹)	0.0	0.0	0.0
Other Financial Liabilities (₹)	0.0	0.0	0.0
Provisions (₹)	0.0	12.0 Lakh	23.0 Lakh
Deferred Tax Liabilities (Net) (₹)	0.0	5.0 Lakh	0.0
Other Liabilities (₹)	0.0	19.0 Lakh	22.0 Lakh
Total Non-current Liabilities (₹)	0.0	36.0 Lakh	4.5 Cr
CURRENT LIABILITIES
FINANCIAL LIABILITIES
Borrowings (₹)	0.0	49.0 Lakh	1.9 Cr
Trade Payables (₹)	0.0	3.0 Lakh	6.0 Lakh
Other Financial Liabilities (₹)	0.0	0.0	0.0
Provisions (₹)	0.0	24.0 Lakh	33.0 Lakh
Current Tax Liabilities (Net) (₹)	0.0	0.0	0.0
Other Liabilities (₹)	0.0	12.0 Lakh	22.0 Lakh
Total Current Liabilities (₹)	0.0	88.0 Lakh	2.5 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 (₹)	0.0	3.8 Cr	3.2 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	1.5 Cr	1.0 Cr
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 (₹)	0.0	60.0 Lakh	60.0 Lakh
Other Financial Assets (₹)	0.0	0.0	0.0
Deferred Tax Assets (Net) (₹)	0.0	0.0	0.0
Other Assets (₹)	0.0	0.0	0.0
Tangible Assets (₹)	0.0	48.0 Lakh	35.0 Lakh
Total Non-current Assets (₹)	0.0	2.6 Cr	2.0 Cr
CURRENT ASSETS
Inventories (₹)	0.0	0.0	0.0
FINANCIAL ASSETS
Investments (₹)	0.0	0.0	0.0
Trade Receivables (₹)	0.0	40.0 Lakh	13.0 Lakh
Cash and Cash Equivalents (₹)	0.0	29.0 Lakh	37.0 Lakh
Other Bank Balances with Banks (₹)	0.0	0.0	0.0
Loans (₹)	0.0	43.0 Lakh	68.0 Lakh
Other Financial Assets (₹)	0.0	0.0	0.0
Current Tax Assets (₹)	0.0	0.0	0.0
Other Assets (₹)	0.0	6.0 Lakh	8.0 Lakh
Total Current Assets (₹)	0.0	1.2 Cr	1.3 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 (₹)	0.0	3.8 Cr	3.2 Cr

As of FY 2020-2021, Myelin Foundry has an equity share capital of ₹2.0 Lakh, total assets amounting to ₹3.2 Cr, and total liabilities of ₹6.9 Cr.

Myelin Foundry: Financial Ratio

Financial Ratio highlights of Myelin Foundry and a snapshot of its key metrics.

Net Profit Margin
-134%
Prev FY
-10.7%
Return on Assets
-124%
Prev FY
₹-5.3
Current Ratio
-62%
Prev FY
0.5

Note: Above mentioned stats are for FY 2020-2021

Myelin Foundry Financial Ratios Table

Financial Year	2020	2021
Total Debt/Equity Ratio (X)	0.3	0.0
Total Debt/Total Assets Ratio (X)	0.2	1.9
Total Assets/Equity Ratio (X)	1.5	0.0
Net Debt/Equity Ratio (X)	0.2	0.0
Quick Ratio (X)	0.8	0.2
Current Ratio (X)	1.3	0.5
Interest Coverage Ratio (X)	-12.3K	-2.0K
Gross Margin (%)	1.0	1.0
Net Margin (%)	-4.6	-10.7
EBITDA Margin (%)	-4.4	-9.8
Return on Fixed Assets (₹)	-2.4	-5.3
Return on Equity (X)	-1.9	0.0
Return on Capital Employed (X)	-2.1	-43.6
Fixed Asset Turnover (₹)	0.5	0.3
Days Receivables Outstanding	150.0	116.0
Days Payables Outstanding	2.0	9.0
Days of Inventory	0.0	0.0
Enterprise Value (₹)	0.0	0.0

In FY 2020-2021, Myelin Foundry achieved a net profit margin of -10.72, earnings per share of ₹0.00, a debt/equity ratio of 0.00, and a current ratio of 0.51.

FAQs On Financial Health Of Myelin Foundry

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

For FY 2020-2021, Myelin Foundry reported a total revenue of ₹68.0 Lakh and a profit after tax of ₹-7.2 Cr, showcasing its financial performance and profitability.

How does the balance sheet of Myelin Foundry reflect its financial stability?

As of FY 2020-2021, Myelin Foundry has total assets of ₹3.2 Cr, total liabilities of ₹6.9 Cr, and equity share capital of ₹2.0 Lakh, indicating its financial health and stability.

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

In FY 2020-2021, Myelin Foundry 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 Myelin Foundry indicate?

For FY 2020-2021,Myelin Foundry achieved a net profit margin of -10.72%, earning per share of ₹0.0, and a debt/equity ratio of 0.0, and a current ratio of 0.5, offering insights into its profitability, leverage, and liquidity.

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

Compared to the previous year, Myelin Foundry experienced a -34.62% decrease in total revenue and a -52.31% decrease in profit after tax, highlighting its growth and change in profitability.

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

Myelin Foundry: Financial Breakdown

Myelin Foundry: Profit and loss Highlights

Myelin Foundry Profit & loss statement

EXPENSES

TAX EXPENSES

Unlock all exclusive financials data

Myelin Foundry: Balance Sheet

Myelin Foundry 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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Myelin Foundry: Financial Ratio

Myelin Foundry Financial Ratios Table

Unlock all exclusive financials data

FAQs On Financial Health Of Myelin Foundry

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

How does the balance sheet of Myelin Foundry reflect its financial stability?

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

What do the key financial ratios of Myelin Foundry indicate?

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

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