Refyne - A Funded Fintech Startup Based Out Of Bengaluru

Refyne

REFYNE TECH PRIVATE LIMITED

Private

FintechFintech SaaSFinance & Expense Management

Refyne is a company based in Bengaluru, Karnataka, India, operating in the fintech sector. Founded in 2021, it now employs 172 individuals. The company was established by Apoorv Kumar, Chitresh Sharma...

Refyne: Financial Breakdown

Decoding The Financial Health & Metrics Of Refyne

Total Revenue
207%
Prev FY
₹33.7 Cr
Total Expenses
236%
Prev FY
₹79.7 Cr
Profit After Tax
-271%
Prev FY
₹-46.2 Cr
Total Assets
176%
Prev FY
₹126.4 Cr
Net Profit Margin
-21%
Prev FY
-1.4%

Note: Above mentioned stats are for FY 2022-2023

Refyne: Profit and loss Highlights

Total Revenue
207%
Prev FY
₹33.7 Cr
Total Expenses
236%
Prev FY
₹79.7 Cr
Profit Before Tax
-262%
Prev FY
₹-46.0 Cr
Total Tax Expense
200%
Prev FY
₹25.0 Lakh
Profit After Tax
-271%
Prev FY
₹-46.2 Cr

Note: Above mentioned stats are for FY 2022-2023

Refyne Profit & loss statement

Financial Year	2021	2022	2023
Revenue from Operations (₹)	4.2 Cr	10.8 Cr	30.9 Cr
Other Income (₹)	0.0	12.0 Lakh	2.8 Cr
Total Revenue (₹)	4.2 Cr	10.9 Cr	33.7 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 (₹)	1.1 Cr	14.1 Cr	46.0 Cr
Finance Costs (₹)	2.0 Lakh	2.0 Lakh	0.0
Depreciation and Amortization (₹)	2.0 Lakh	32.0 Lakh	1.4 Cr
Other Expenses (₹)	2.4 Cr	9.2 Cr	32.3 Cr
Total Expenses (₹)	3.6 Cr	23.7 Cr	79.7 Cr
Total Revenue Less Total Expenses (₹)	59.0 Lakh	-12.7 Cr	-46.0 Cr
Prior Period and Exceptional Items (₹)	0.0	0.0	0.0
Profit Before Tax (₹)	59.0 Lakh	-12.7 Cr	-46.0 Cr
TAX EXPENSES
Current Tax Expense (₹)	15.0 Lakh	0.0	0.0
Deferred Tax Expense (₹)	0.0	-25.0 Lakh	25.0 Lakh
Total Tax Expense (₹)	15.0 Lakh	-25.0 Lakh	25.0 Lakh
Net Movement in Regulatory Deferral Account Balances (₹)	0.0	0.0	0.0
Profit from Continuing Operations (₹)	44.0 Lakh	-12.5 Cr	-46.2 Cr
Profit from Discontinuing Operations After Tax (₹)	0.0	0.0	0.0
Net Profit/Loss After Tax (₹)	44.0 Lakh	-12.5 Cr	-46.2 Cr
Other Comprehensive Income (₹)	0.0	0.0	0.0
Total Comprehensive Income (₹)	0.0	0.0	0.0
Profit Before Extraordinary Items (₹)	59.0 Lakh	-12.7 Cr	-46.0 Cr
Extraordinary Items (₹)	0.0	0.0	0.0

Refyne generated a total revenue of ₹79.7 Cr and incurred expenses of ₹79.7 Cr, resulting in a profit before tax of ₹-46.0 Cr for FY 2022-2023. After a total tax expense of ₹25.0 Lakh, the profit after tax stood at ₹-46.2 Cr.

Refyne: Balance Sheet

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

Equity Share Capital
27%
Prev FY
₹9.9 Cr
Non Current Liability
316%
Prev FY
₹1.0 Cr
Current Liability
52%
Prev FY
₹6.3 Cr
Total Liability
66%
Prev FY
₹7.3 Cr
Non Current Assets
108%
Prev FY
₹2.3 Cr
Current Assets
178%
Prev FY
₹124.1 Cr

Note: Above mentioned stats are for FY 2022-2023

Refyne Balance Sheet Table

Financial Year	2021	2022	2023
EQUITY & LIABILITIES
Equity Share Capital (₹)	0.0	7.8 Cr	9.9 Cr
Reserves & Surplus (₹)	44.0 Lakh	33.5 Cr	109.1 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	24.0 Lakh	1.0 Cr
Deferred Tax Liabilities (Net) (₹)	0.0	0.0	0.0
Other Liabilities (₹)	0.0	0.0	0.0
Total Non-current Liabilities (₹)	0.0	24.0 Lakh	1.0 Cr
CURRENT LIABILITIES
FINANCIAL LIABILITIES
Borrowings (₹)	0.0	0.0	0.0
Trade Payables (₹)	9.0 Lakh	1.5 Cr	3.6 Cr
Other Financial Liabilities (₹)	0.0	0.0	0.0
Provisions (₹)	15.0 Lakh	3.0 Lakh	8.0 Lakh
Current Tax Liabilities (Net) (₹)	0.0	0.0	0.0
Other Liabilities (₹)	76.0 Lakh	2.6 Cr	2.6 Cr
Total Current Liabilities (₹)	1.0 Cr	4.2 Cr	6.3 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 (₹)	1.4 Cr	45.7 Cr	126.4 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	0.0	1.0 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 (₹)	0.0	0.0	0.0
Other Financial Assets (₹)	0.0	0.0	0.0
Deferred Tax Assets (Net) (₹)	0.0	25.0 Lakh	0.0
Other Assets (₹)	0.0	0.0	0.0
Tangible Assets (₹)	13.0 Lakh	86.0 Lakh	2.3 Cr
Total Non-current Assets (₹)	13.0 Lakh	1.1 Cr	2.3 Cr
CURRENT ASSETS
Inventories (₹)	0.0	0.0	0.0
FINANCIAL ASSETS
Investments (₹)	0.0	0.0	0.0
Trade Receivables (₹)	0.0	5.0 Lakh	7.4 Cr
Cash and Cash Equivalents (₹)	73.0 Lakh	39.5 Cr	73.5 Cr
Other Bank Balances with Banks (₹)	0.0	0.0	0.0
Loans (₹)	8.0 Lakh	3.2 Cr	33.5 Cr
Other Financial Assets (₹)	0.0	0.0	0.0
Current Tax Assets (₹)	0.0	0.0	0.0
Other Assets (₹)	51.0 Lakh	1.8 Cr	9.6 Cr
Total Current Assets (₹)	1.3 Cr	44.6 Cr	124.1 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 (₹)	1.4 Cr	45.7 Cr	126.4 Cr

As of FY 2022-2023, Refyne has an equity share capital of ₹9.9 Cr, total assets amounting to ₹126.4 Cr, and total liabilities of ₹7.3 Cr.

Refyne: Cash Flow

Cash Flow highlights of Refyne and a snapshot of its key metrics.

Cash Balance (Beginning of year)
5313%
Prev FY
₹39.5 Cr
Cash Flow (Operating Activities)
-469%
Prev FY
₹-59.4 Cr
Cash Used (Investing Activities)
-656%
Prev FY
₹-30.6 Cr
Cash Used (Financing Activities)
132%
Prev FY
₹124.0 Cr

Note: Above mentioned stats are for FY 2022-2023

Refyne Cash Flow Table

Financial Year	2021	2022	2023
CASH AND EQUIVALENTS AT THE BEGINNING
Cash flows from / used in investing activities (₹)	-15.0 Lakh	-4.0 Cr	-30.6 Cr
Cash flows from / used in financing activities (₹)	0.0	53.3 Cr	124.0 Cr
Adjustments for exchange rate changes (₹)	0.0	0.0	0.0

For FY 2022-2023, Refyne maintained a cash balance of ₹39.5 Cr, with cash flows from operations at ₹-59.4 Cr, investing activities at ₹-30.6 Cr, and financing activities at ₹124.0 Cr.

Refyne: Financial Ratio

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

Earning Per Share
-29%
Prev FY
₹-0.4
Net Profit Margin
-21%
Prev FY
-1.4%
Return on Assets
-39%
Prev FY
₹-20.0
Debt/Equity
-67%
Prev FY
0.0
Current Ratio
82%
Prev FY
19.6

Note: Above mentioned stats are for FY 2022-2023

Refyne Financial Ratios Table

Financial Year	2021	2022	2023
Total Debt/Equity Ratio (X)	1.7	0.1	0.0
Total Debt/Total Assets Ratio (X)	0.5	0.1	0.0
Total Assets/Equity Ratio (X)	3.3	1.1	1.1
Net Debt/Equity Ratio (X)	0.1	0.0	0.0
Quick Ratio (X)	0.7	9.5	12.8
Current Ratio (X)	1.3	10.7	19.6
Interest Coverage Ratio (X)	28.3	-591.7	0.0
Gross Margin (%)	1.0	1.0	1.0
Net Margin (%)	0.1	-1.1	-1.4
EBITDA Margin (%)	0.1	-1.1	-1.3
Return on Fixed Assets (₹)	3.3	-14.5	-20.0
Return on Equity (X)	1.0	-0.3	-0.4
Return on Capital Employed (X)	1.0	-0.3	-0.4
Fixed Asset Turnover (₹)	31.9	12.6	13.4
Days Receivables Outstanding	0.0	1.0	87.0
Days Payables Outstanding	0.0	0.0	0.0
Days of Inventory	0.0	0.0	0.0
Enterprise Value (₹)	0.0	0.0	0.0

In FY 2022-2023, Refyne achieved a net profit margin of -1.37, earnings per share of ₹-0.39, a debt/equity ratio of 0.02, and a current ratio of 19.57.

FAQs On Financial Health Of Refyne

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

For FY 2022-2023, Refyne reported a total revenue of ₹33.7 Cr and a profit after tax of ₹-46.2 Cr, showcasing its financial performance and profitability.

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

As of FY 2022-2023, Refyne has total assets of ₹126.4 Cr, total liabilities of ₹7.3 Cr, and equity share capital of ₹9.9 Cr, indicating its financial health and stability.

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

In FY 2022-2023, Refyne maintained a cash balance of ₹39.5 Cr, with cashflows from operations at ₹-59.4 Cr, investing activities at ₹-30.6 Cr, and financing activities at ₹124.0 Cr, reflecting its cash management strategies.

What do the key financial ratios of Refyne indicate?

For FY 2022-2023,Refyne achieved a net profit margin of -1.37%, earning per share of ₹-0.4, and a debt/equity ratio of 0.0, and a current ratio of 19.6, offering insights into its profitability, leverage, and liquidity.

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

Compared to the previous year, Refyne experienced a 207.95% increase in total revenue and a -270.35% increase in profit after tax, highlighting its growth and change in profitability.

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

Refyne: Financial Breakdown

Refyne: Profit and loss Highlights

Refyne Profit & loss statement

EXPENSES

TAX EXPENSES

Unlock all exclusive financials data

Refyne: Balance Sheet

Refyne 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 (₹)

Unlock all exclusive financials data

Refyne: Cash Flow

Refyne Cash Flow Table

CASH AND EQUIVALENTS AT THE BEGINNING

Unlock all exclusive financials data

Refyne: Financial Ratio

Refyne Financial Ratios Table

Unlock all exclusive financials data

FAQs On Financial Health Of Refyne

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

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

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

What do the key financial ratios of Refyne indicate?

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

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