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

TenderCuts: Profit and loss Highlights

• 

  Total Revenue

  68%

  Prev FY

  ₹132.2 Cr
• 

  Total Expenses

  139%

  Prev FY

  ₹259.0 Cr
• 

  Profit Before Tax

  -323%

  Prev FY

  ₹-126.8 Cr
• 

  Profit After Tax

  -317%

  Prev FY

  ₹-126.8 Cr

TenderCuts Profit & loss statement

Financial Year	Trend	2020	2021	2022
Revenue from Operations (₹)		43.8 Cr	78.1 Cr	130.9 Cr
Other Income (₹)		1.0 Lakh	11.0 Lakh	1.2 Cr
Total Revenue (₹)		43.8 Cr	78.2 Cr	132.2 Cr
EXPENSES
Cost of Materials Consumed (₹)		34.9 Cr	54.2 Cr	0.0
Purchases of Stock in Trade (₹)		0.0	0.0	111.3 Cr
Changes in Inventory (₹)		0.0	-24.0 Lakh	-1.5 Cr
Employee Benefit Expenses (₹)		6.1 Cr	14.0 Cr	39.2 Cr
Finance Costs (₹)		93.0 Lakh	86.0 Lakh	2.0 Cr
Depreciation and Amortization (₹)		1.6 Cr	2.5 Cr	7.9 Cr
Other Expenses (₹)		19.5 Cr	37.0 Cr	100.2 Cr
Total Expenses (₹)		63.0 Cr	108.3 Cr	259.0 Cr
Total Revenue Less Total Expenses (₹)		-19.2 Cr	-30.0 Cr	-126.8 Cr
Prior Period and Exceptional Items (₹)		0.0	0.0	0.0
Profit Before Tax (₹)		-19.2 Cr	-30.0 Cr	-126.8 Cr
TAX EXPENSES
Current Tax Expense (₹)		0.0	0.0	0.0
Deferred Tax Expense (₹)		66.0 Lakh	42.0 Lakh	0.0
Total Tax Expense (₹)		66.0 Lakh	42.0 Lakh	0.0
Net Movement in Regulatory Deferral Account Balances (₹)		0.0	0.0	0.0
Profit from Continuing Operations (₹)		-19.9 Cr	-30.4 Cr	-126.8 Cr
Profit from Discontinuing Operations After Tax (₹)		0.0	0.0	0.0
Net Profit/Loss After Tax (₹)		-19.9 Cr	-30.4 Cr	-126.8 Cr
Other Comprehensive Income (₹)		0.0	0.0	0.0
Total Comprehensive Income (₹)		0.0	0.0	0.0
Profit Before Extraordinary Items (₹)		-19.2 Cr	-30.0 Cr	-126.8 Cr
Extraordinary Items (₹)		0.0	0.0	0.0

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TenderCuts generated a total revenue of ₹259.0 Cr and incurred expenses of ₹259.0 Cr, resulting in a profit before tax of ₹-126.8 Cr for FY 2021-2022. After a total tax expense of ₹0.0, the profit after tax stood at ₹-126.8 Cr.

TenderCuts: Balance Sheet

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

• 

  Equity Share Capital

  ₹2.0 Lakh
• 

  Non Current Liability

  263%

  Prev FY

  ₹40.4 Cr
• 

  Current Liability

  323%

  Prev FY

  ₹54.8 Cr
• 

  Total Liability

  295%

  Prev FY

  ₹95.2 Cr
• 

  Non Current Assets

  37%

  Prev FY

  ₹32.3 Cr
• 

  Current Assets

  68%

  Prev FY

  ₹20.4 Cr

TenderCuts Balance Sheet Table

Financial Year	Trend	2020	2021	2022
EQUITY & LIABILITIES
Equity Share Capital (₹)		1.0 Lakh	2.0 Lakh	2.0 Lakh
Reserves & Surplus (₹)		-28.2 Cr	11.4 Cr	-45.3 Cr
Money Received Against Share Warrants (₹)		0.0	0.0	0.0
Money Pending Allotment (₹)		0.0	0.0	2.8 Cr
Other Equity (₹)		0.0	0.0	0.0
NON-CURRENT LIABILITIES
FINANCIAL LIABILITIES
Borrowings (₹)		15.4 Cr	14.0 Lakh	23.9 Cr
Trade Payables (₹)		0.0	0.0	0.0
Other Financial Liabilities (₹)		0.0	0.0	0.0
Provisions (₹)		0.0	64.0 Lakh	1.0 Cr
Deferred Tax Liabilities (Net) (₹)		0.0	0.0	0.0
Other Liabilities (₹)		7.9 Cr	10.3 Cr	15.4 Cr
Total Non-current Liabilities (₹)		23.4 Cr	11.1 Cr	40.4 Cr
CURRENT LIABILITIES
FINANCIAL LIABILITIES
Borrowings (₹)		3.3 Cr	2.0 Cr	16.6 Cr
Trade Payables (₹)		3.8 Cr	6.1 Cr	21.4 Cr
Other Financial Liabilities (₹)		0.0	0.0	0.0
Provisions (₹)		0.0	0.0	68.0 Lakh
Current Tax Liabilities (Net) (₹)		0.0	0.0	0.0
Other Liabilities (₹)		9.2 Cr	4.8 Cr	16.1 Cr
Total Current Liabilities (₹)		16.3 Cr	12.9 Cr	54.8 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 (₹)		11.5 Cr	35.5 Cr	52.7 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 (₹)		2.0 Lakh	1.0 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 (₹)		2.4 Cr	4.5 Cr	14.0 Lakh
Other Financial Assets (₹)		0.0	11.4 Cr	11.4 Cr
Deferred Tax Assets (Net) (₹)		42.0 Lakh	0.0	0.0
Other Assets (₹)		0.0	0.0	0.0
Tangible Assets (₹)		4.6 Cr	7.6 Cr	20.8 Cr
Total Non-current Assets (₹)		7.4 Cr	23.5 Cr	32.3 Cr
CURRENT ASSETS
Inventories (₹)		11.0 Lakh	35.0 Lakh	1.9 Cr
FINANCIAL ASSETS
Investments (₹)		0.0	0.0	0.0
Trade Receivables (₹)		2.0 Lakh	8.0 Lakh	1.6 Cr
Cash and Cash Equivalents (₹)		34.0 Lakh	9.9 Cr	13.2 Cr
Other Bank Balances with Banks (₹)		0.0	0.0	0.0
Loans (₹)		1.3 Cr	1.6 Cr	3.7 Cr
Other Financial Assets (₹)		0.0	0.0	0.0
Current Tax Assets (₹)		0.0	0.0	0.0
Other Assets (₹)		2.4 Cr	5.0 Lakh	2.0 Lakh
Total Current Assets (₹)		4.2 Cr	12.1 Cr	20.4 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 (₹)		11.5 Cr	35.5 Cr	52.7 Cr

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As of FY 2021-2022, TenderCuts has an equity share capital of ₹2.0 Lakh, total assets amounting to ₹52.7 Cr, and total liabilities of ₹95.2 Cr.

TenderCuts: Cash Flow

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

• 

  Cash Balance (Beginning of year)

  118%

  Prev FY

  ₹7.3 Cr
• 

  Cash Flow (Operating Activities)

  -347%

  Prev FY

  ₹-83.4 Cr
• 

  Cash Used (Investing Activities)

  28%

  Prev FY

  ₹-14.2 Cr
• 

  Cash Used (Financing Activities)

  129%

  Prev FY

  ₹103.5 Cr

TenderCuts Cash Flow Table

Financial Year	Trend	2020	2021	2022
CASH AND EQUIVALENTS AT THE BEGINNING
Cash flows from / used in investing activities (₹)		0.0	-19.8 Cr	-14.2 Cr
Cash flows from / used in financing activities (₹)		0.0	45.0 Cr	103.5 Cr
Adjustments for exchange rate changes (₹)		0.0	0.0	0.0

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For FY 2021-2022, TenderCuts maintained a cash balance of ₹7.3 Cr, with cash flows from operations at ₹-83.4 Cr, investing activities at ₹-14.2 Cr, and financing activities at ₹103.5 Cr.

TenderCuts: Financial Ratio

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

• 

  Net Profit Margin

  -147%

  Prev FY

  -1.0%
• 

  Return on Assets

  -52%

  Prev FY

  ₹-6.1
• 

  Current Ratio

  -61%

  Prev FY

  0.4

TenderCuts Financial Ratios Table

Financial Year	Trend	2020	2021	2022
Total Debt/Equity Ratio (X)		0.0	1.5	0.0
Total Debt/Total Assets Ratio (X)		3.1	0.5	1.4
Total Assets/Equity Ratio (X)		0.0	3.1	0.0
Net Debt/Equity Ratio (X)		0.0	0.6	0.0
Quick Ratio (X)		0.0	0.8	0.3
Current Ratio (X)		0.2	0.9	0.4
Interest Coverage Ratio (X)		-19.6	-34.0	-61.0
Gross Margin (%)		0.2	0.3	0.2
Net Margin (%)		-0.5	-0.4	-1.0
EBITDA Margin (%)		-0.4	-0.3	-0.9
Return on Fixed Assets (₹)		-4.3	-4.0	-6.1
Return on Equity (X)		0.0	-2.7	0.0
Return on Capital Employed (X)		0.0	-4.6	0.0
Fixed Asset Turnover (₹)		9.5	10.3	6.3
Days Receivables Outstanding		0.0	0.0	4.0
Days Payables Outstanding		25.0	25.0	37.0
Days of Inventory		1.0	2.0	6.0
Enterprise Value (₹)		0.0	0.0	0.0

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In FY 2021-2022, TenderCuts achieved a net profit margin of -0.96, earnings per share of ₹0.00, a debt/equity ratio of 0.00, and a current ratio of 0.37.