Balance Sheet Spacenet Enterprises India Limited

Equities

SPCENET

INE970N01027

Investment Banking & Brokerage Services

Market Closed - NSE India S.E. Other stock markets 12:40:52 18/09/2024 BST			5-day change	1st Jan Change
25.70 ^INR	+0.67%		+2.80%	-17.63%

08-28	Ministry of Corporate Affairs, Hyderabad Fines INR 0.1 Million on Spacenet Enterprises India Limited	CI
07-31	Spacenet Enterprises India Limited Reports Earnings Results for the First Quarter Ended June 30, 2024	CI

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Published financial data: SPACENET ENTERPRISES INDIA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	31.86M	87.11M	431M	1.45B	1.28B
Other Revenues, Total	-	-	6.4M	-	-
Total Revenues	31.86M	87.11M	438M	1.45B	1.28B
Cost of Goods Sold, Total	32.29M	91.37M	411M	1.33B	1.14B
Gross Profit	-429K	-4.26M	27.22M	112M	138M
Selling General & Admin Expenses, Total	469K	1.28M	-	1.19M	1.54M
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	72.73K	1.01M	1.61M	2.37M	3.37M
Other Operating Expenses	50.92M	11.93M	17.06M	84M	28.27M
Other Operating Expenses, Total	51.46M	14.22M	18.67M	87.57M	33.18M
Operating Income	-51.89M	-18.48M	8.55M	24.18M	105M
Interest Expense, Total	-	-1.9M	-211K	-289K	-168K
Interest And Investment Income	-	1.4M	-	373K	757K
Net Interest Expenses	-	-504K	-211K	84K	589K
Currency Exchange Gains (Loss)	-58.15K	-43.44K	-	263K	489K
Other Non Operating Income (Expenses)	14.74K	11.2M	-	630K	2.15M
EBT, Excl. Unusual Items	-51.93M	-7.82M	8.34M	25.16M	108M
Gain (Loss) On Sale Of Assets	-	-36.25K	-	-	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	-51.93M	-7.86M	8.34M	25.16M	108M
Income Tax Expense	-	-131K	1.28M	-1.08M	1.32M
Earnings From Continuing Operations	-51.93M	-7.73M	7.06M	26.24M	107M
Net Income to Company	-51.93M	-7.73M	7.06M	26.24M	107M
Minority Interest	-	-	220K	683K	-2.46M
Net Income - (IS)	-51.93M	-7.73M	7.28M	26.92M	104M
Net Income to Common Incl Extra Items	-51.93M	-7.73M	7.28M	26.92M	104M
Net Income to Common Excl. Extra Items	-51.93M	-7.73M	7.28M	26.92M	104M
Per Share Items
Net EPS - Basic	-1.06	-0.05	0.03	0.05	0.19
Basic EPS - Continuing Operations	-1.06	-0.05	0.03	0.05	0.19
Basic Weighted Average Shares Outstanding	49.02M	158M	226M	531M	539M
Net EPS - Diluted	-1.06	-0.05	0.03	0.05	0.19
Diluted EPS - Continuing Operations	-1.06	-0.05	0.03	0.05	0.19
Diluted Weighted Average Shares Outstanding	49.02M	158M	226M	534M	539M
Normalized Basic EPS	-0.66	-0.03	0.02	0.03	0.12
Normalized Diluted EPS	-0.66	-0.03	0.02	0.03	0.12
Supplemental Items
EBITDA	-51.87M	-18.42M	8.74M	24.84M	106M
EBITA	-51.89M	-18.48M	8.55M	24.18M	105M
EBIT	-51.89M	-18.48M	8.55M	24.18M	105M
EBITDAR	-51.67M	-17.22M	-	26.04M	107M
Total Revenues (As Reported)	31.87M	99.71M	438M	1.45B	1.29B
Effective Tax Rate - (Ratio)	-	1.66	15.31	-4.28	1.22
Total Current Taxes	-	-	1.38M	-	3.1M
Total Deferred Taxes	-	-131K	-100K	-	-1.78M
Normalized Net Income	-32.46M	-4.89M	5.43M	16.41M	65.14M
Non-Cash Pension Expense	-	-	5K	14K	32K
Supplemental Operating Expense Items
Advertising Expense	269K	77.93K	-	-	-
Selling and Marketing Expenses	269K	77.93K	-	-	-
Net Rental Expense, Total	200K	1.2M	-	1.19M	1.54M
Imputed Operating Lease Interest Expense	-	116K	-	139K	382K
Imputed Operating Lease Depreciation	-	1.08M	-	1.05M	1.16M
Maintenance & Repair Expenses, Total	112K	228K	-	248K	182K
Stock-Based Comp., COGS (Total)	-	-	-	7.03M	1.21M
Total Stock-Based Compensation	-	-	-	7.03M	1.21M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	704K	4.21M	56.41M	19.69M	61.33M
Short Term Investments	6M	-	-	100K	-
Total Cash And Short Term Investments	6.7M	4.21M	56.41M	19.79M	61.33M
Accounts Receivable, Total	4.59M	1.08M	228M	377M	406M
Other Receivables	-	630K	31K	129M	44.98M
Total Receivables	4.59M	1.71M	228M	507M	451M
Inventory	-	-	-	83K	4.1M
Prepaid Expenses	-	-	39K	83K	91K
Other Current Assets, Total	-	3.08M	120M	37.59M	96.57M
Total Current Assets	11.29M	9M	405M	564M	613M
Gross Property Plant And Equipment	4.31M	4.1M	60.5M	60.06M	158M
Accumulated Depreciation	-3.61M	-3.65M	-57.7M	-57.88M	-54.23M
Net Property Plant And Equipment	702K	449K	2.8M	2.18M	104M
Long-term Investments	-	-	64.06M	189M	410M
Goodwill	-	-	48.91M	48.91M	48.91M
Other Intangibles, Total	245K	526K	5.21M	4.79M	80.1M
Accounts Receivable Long-Term	-	128M	-	-	-
Deferred Tax Assets Long-Term	-	131K	5.72M	5.42M	1.81M
Other Long-Term Assets, Total	604K	410K	383K	383K	6.06M
Total Assets	12.84M	138M	532M	815M	1.26B
Liabilities
Accounts Payable, Total	12.84M	4.32M	101M	168M	126M
Accrued Expenses, Total	1.38M	-	-	3.9M	7.51M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	18.67M	-	598K
Current Income Taxes Payable	-	-	-	-	3.1M
Other Current Liabilities	1.99M	7.62M	32.73M	95.62M	20.15M
Total Current Liabilities	16.21M	11.94M	152M	268M	157M
Long-Term Debt	152M	163M	19.02M	1.98M	8.28M
Pension & Other Post Retirement Benefits	-	-	-	296K	653K
Other Non Current Liabilities	2	-	204K	125K	61K
Total Liabilities	169M	175M	172M	270M	166M
Common Stock, Total	49.02M	158M	530M	534M	549M
Additional Paid In Capital	-	-	-	4.44M	299M
Retained Earnings	-205M	-213M	-205M	-178M	-76.94M
Comprehensive Income and Other	-	17.43M	17.43M	168M	280M
Total Common Equity	-156M	-36.94M	343M	528M	1.05B
Minority Interest	-	-	17.47M	16.78M	45.79M
Total Equity	-156M	-36.94M	360M	545M	1.1B
Total Liabilities And Equity	12.84M	138M	532M	815M	1.26B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	49.02M	158M	530M	534M	549M
ECS Total Common Shares Outstanding	49.02M	158M	530M	534M	549M
Book Value / Share	-3.18	-0.23	0.65	0.99	1.91
Tangible Book Value	-156M	-37.46M	288M	474M	922M
Tangible Book Value Per Share	-3.18	-0.24	0.54	0.89	1.68
Total Debt	152M	163M	37.69M	1.98M	8.88M
Net Debt	146M	159M	-18.71M	-17.81M	-52.46M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	224K	372K	653K
Debt Equivalent Oper. Leases	1.6M	9.6M	-	9.53M	12.36M
Minority Interest, Total (Incl. Fin. Div)	-	-	17.47M	16.78M	45.79M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	-	-	-	83K	4.1M
Machinery, Total	4.31M	4.1M	60.5M	-	59.6M
Full Time Employees	-	-	21	15	16
Accumulated Allowance for Doubtful Accounts (Supple)	12.47M	-	-	2.73M	1.73M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-51.93M	-7.73M	7.28M	26.92M	104M
Depreciation & Amortization - CF	19.07K	56.5K	195K	660K	898K
Depreciation & Amortization, Total	19.07K	56.5K	195K	660K	898K
Amortization of Deferred Charges, Total - (CF)	53.65K	957K	1.42M	1.71M	2.47M
Minority Interest in Earnings - (CF)	-	-	-221K	683K	-2.46M
(Gain) Loss From Sale Of Asset	-	36.25K	-	-	-199K
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	7.03M	1.21M
Provision and Write-off of Bad Debts	-	-	-	3.73M	1.24M
Other Operating Activities, Total	0	1.77M	-5.07M	1.11M	3.8M
Change In Accounts Receivable	-4.59M	-124M	-142M	-63.42M	-29.67M
Change In Inventories	-	-	-	-83K	-4.02M
Change In Accounts Payable	-	-8.52M	176M	-49.32M	-42.38M
Change in Other Net Operating Assets	-26.34M	6.73M	-99.51M	19.49M	-46.58M
Cash from Operations	-82.79M	-131M	-61.93M	-51.49M	-11.3M
Capital Expenditure	-721K	-	-235K	-756K	-181M
Sale of Property, Plant, and Equipment	-	160K	-	-	821K
Cash Acquisitions	-	-1.24M	-124M	-96.4M	-
Sale (Purchase) of Intangible assets	-	-	-5.48M	-65K	-
Investment in Marketable and Equity Securities, Total	-	-	-19.5M	19.4M	-221M
Other Investing Activities, Total	-	-	1.22M	403K	-2.01M
Cash from Investing	-721K	-1.08M	-148M	-77.42M	-403M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	84.14M	10.82M	233M	-	6.89M
Total Debt Issued	84.14M	10.82M	233M	-	6.89M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-106K	-35.71M	-
Total Debt Repaid	-	-	-106K	-35.71M	-
Issuance of Common Stock	-	-	-	3.31M	310M
Other Financing Activities, Total	-	125M	-393K	144M	139M
Cash from Financing	84.14M	135M	232M	112M	456M
Miscellaneous Cash Flow Adjustments	-	-	445K	-	-
Net Change in Cash	630K	3.51M	22.84M	-17.22M	41.64M
Supplemental Items
Cash Interest Paid	-	1.9M	171K	3.23M	218K
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-58.9M	-10.2M	-220M	-38.56M	-229M
Unlevered Free Cash Flow	-58.9M	-9.01M	-220M	-38.38M	-229M
Change In Net Working Capital	25.82M	-1.52M	222M	62.08M	118M
Net Debt Issued / Repaid	84.14M	10.82M	233M	-35.71M	6.89M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	-437.91	-15.29	1.59	2.25	6.31
Return on Total Capital	166.57	-18.79	2.04	3.2	7.94
Return On Equity %	40.01	8.02	4.37	5.8	13.02
Return on Common Equity	40.01	8.02	4.76	6.19	13.22
Margin Analysis
Gross Profit Margin %	-1.35	-4.89	6.22	7.73	10.77
SG&A Margin	1.47	1.47	-	0.08	0.12
EBITDA Margin %	-162.81	-21.15	2	1.72	8.25
EBITA Margin %	-162.87	-21.21	1.95	1.67	8.18
EBIT Margin %	-162.87	-21.21	1.95	1.67	8.18
Income From Continuing Operations Margin %	-163.01	-8.87	1.61	1.82	8.33
Net Income Margin %	-163.01	-8.87	1.66	1.86	8.14
Net Avail. For Common Margin %	-163.01	-8.87	1.66	1.86	8.14
Normalized Net Income Margin	-101.88	-5.61	1.24	1.14	5.08
Levered Free Cash Flow Margin	-184.88	-11.71	-50.36	-2.67	-17.88
Unlevered Free Cash Flow Margin	-184.88	-10.34	-50.33	-2.66	-17.87
Asset Turnover
Asset Turnover	4.3	1.15	1.31	2.15	1.23
Fixed Assets Turnover	90.77	151.35	269.31	580.59	24.15
Receivables Turnover (Average Receivables)	-	30.73	3.76	4.77	3.28
Inventory Turnover (Average Inventory)	-	-	-	-	547.24
Short Term Liquidity
Current Ratio	0.7	0.75	2.65	2.11	3.9
Quick Ratio	0.7	0.5	1.87	1.97	3.26
Operating Cash Flow to Current Liabilities	-5.11	-10.97	-0.41	-0.19	-0.07
Days Sales Outstanding (Average Receivables)	-	11.88	97.09	76.45	111.7
Days Outstanding Inventory (Average Inventory)	-	-	-	-	0.67
Average Days Payable Outstanding	108.45	34.27	46.84	-	46.88
Cash Conversion Cycle (Average Days)	-	-	-	-	65.5
Long Term Solvency
Total Debt/Equity	-97.84	-441.95	10.47	0.36	0.81
Total Debt / Total Capital	-4.53K	129.24	9.48	0.36	0.8
LT Debt/Equity	-97.84	-441.95	5.28	0.36	0.75
Long-Term Debt / Total Capital	-4.53K	129.24	4.78	0.36	0.75
Total Liabilities / Total Assets	1.31K	126.72	32.29	33.16	13.16
EBIT / Interest Expense	-	-9.7	40.51	83.68	624.54
EBITDA / Interest Expense	-	-9.67	41.43	85.97	629.89
(EBITDA - Capex) / Interest Expense	-	-9.67	40.32	83.35	-448.17
Total Debt / EBITDA	-2.94	-8.86	4.31	0.08	0.08
Net Debt / EBITDA	-2.81	-8.63	-2.14	-0.72	-0.5
Total Debt / (EBITDA - Capex)	-2.9	-8.86	4.43	0.08	-0.12
Net Debt / (EBITDA - Capex)