Consolidated Balance Sheet ------------------- in Rs. Cr.

-------------------
FY23 FY22 FY21 FY20
ASSETS
Non-current assets
Property, plant and equipment 96,516,925 104,717,544 100,224,623 103,614,728
Right to use Assets 113,313,805 66,719,978 60,681,176 123,680,260
Goodwill 115,031,865 1,529,325,841 1,615,441,982 2,256,662,861
Other intangible assets 313,344,421 289,151,202 288,292,825 293,977,101
Financial assets
Other financial assets 8,698,299 7,372,130 7,921,864 16,943,469

Other non-current assets 102,799,466 95,773,975 118,374,350 205,539,955

749,704,781 2,093,060,670 2,190,936,820 3,000,418,374
Current assets
Inventories 120,332 120,332 565,332
Financial assets
Trade receivables 2,566,260,783 2,226,012,787 2,058,484,855 2,025,868,120
Cash and cash equivalents 231,993,965 220,105,426 334,206,924 196,149,536
Bank balances other than cash
66,281,137 28,048,463 53,967,841 103,356,199
and cash equivalents
Other financial assets 1,785,092,317 1,629,115,085 1,131,948,725 1,155,059,021
Current Tax Assets 48,581,708 -

Other current assets 517,028,523 523,556,328 549,269,809 702,959,478

5,215,238,433 4,626,958,421 4,127,998,486 4,183,957,686

TOTAL ASSETS 5,964,943,214 6,720,019,091 6,318,935,306 7,184,376,060

EQUITY AND LIABILITIES

Equity
Equity share capital 482,653,995 482,479,000 481,912,340 481,912,340
Other equity 3,247,568,317 4,304,293,578 3,723,507,809 3,681,588,590
3,730,222,312 4,786,772,578 4,205,420,149 4,163,500,930
Liabilities
Non-current liabilities
Borrowings 425,624,630 132,344,700 226,544,053 285,736,529
Other financial liabilities 1,880,213 88,028,198 94,726,758 363,190,902
Other non-current liabilities 3,521,655 13,722,628 16,815,147 60,144,226
Provisions 45,288,307 34,464,348 30,192,994 24,583,211
Deferred tax liabilites (Net) 18,132,385 23,604,772 22,561,681 16,052,903
Lease Liabities 124,305,104 75,741,386 79,651,066 154,887,480
618,752,294 367,906,032 470,491,699 904,595,251
Current liabilities
Financial liabilities
Borrowings 927,467,553 917,823,065 648,904,709 668,944,468
Trade payables 201,396,904 151,298,231 161,732,986 392,352,357
Other financial liabilities 142,551,873 97,235,770 136,611,655 207,730,159

Other current liabilities 117,733,373 112,434,537 106,715,751 155,149,354

Provisions 226,818,905 255,101,752 412,496,339 454,324,570
Current tax liabilities (Net) - 31,447,125 176,562,018 237,778,970
1,615,968,608 1,565,340,481 1,643,023,458 2,116,279,878
2,234,720,902 1,933,246,513 2,113,515,157 3,020,875,130

TOTAL EQUITY AND LIABILITIES 5,964,943,214 6,720,019,091 6,318,935,306 7,184,376,060

---------
FY19

99,888,678
-
1,990,112,954
106,857,894

19,762,806

213,335,023
2,429,957,355

26,634,636

1,803,927,621
184,280,451
74,242,841
852,362,133

618,194,075
3,559,641,757

5,989,599,112

481,912,340
2,809,572,225
3,291,484,565

359,254,017
219,720,538
-
17,965,591
25,698,463
-
622,638,609
691,662,788
364,696,848
182,975,926

181,417,665
453,837,803
200,884,908
2,075,475,938
2,698,114,547

5,989,599,112
 Consolidated Profit & loss ------------------- in Rs. Cr. -------------
Mar 23 Mar-22
Revenue from operations 9,173,258,067 8,426,712,473
Other income 22,248,451 11,970,741
Total income 9,195,506,518 8,438,683,214
Expenses
Cost of materials consumed 3,254,365 24,618,684
Employee benefits expense 4,635,685,819 4,303,622,263
Interest 114,395,277 115,529,104
Depreciation and amortization expense 144,601,407 109,342,945
Other expenses 3,599,597,782 3,051,159,085
Total expenses 8,497,534,650 7,604,272,081
Profit / (Loss) before Exceptional items and Tax 697,971,868 834,411,133
Exceptional Items -1,840,711,681 120,948
Profit / (Loss) before tax -1,142,739,813 834,532,081
Tax expense:
Current tax 128,570,670 132,783,265
Tax/(credit) in respect to earlier years -757,104 -3,234,587
Deferred tax -2,464,978 532,252
Profit (Loss) for the period from continuing operations -1,268,088,401 704,451,151
Profit/(loss) for the period -1,268,088,401 704,451,151
Other comprehensive income
A) (i) Items that will not be reclassified to profit or loss
Remeasurements of the defined benefit liabilities asset) -1,970,414 2,261,237
(ii) Income tax relating to items that will not be reclassified to
-573,390 658,020
profit or loss
B) (i) Items that will be reclassified to profit or -38,222,118 5,452,390
(ii) Income tax relating to items that will be reclassified to
profit or loss
Total other comprehensive income -40,765,922 8,371,647

Total comprehensive income for the period Comprising

-1,308,854,323 712,822,798
profit(Loss) and other Comprehensive income for the period)

Earnings per equity share (for continuing operation):

Basic -13.56 7.39
Diluted -13.53 7.39
--------------- in Rs. Cr. -------------------
Mar-21 Mar-20 Mar-19
7,756,321,107 7,706,793,265 8,141,122,411
46,748,556 39,406,996 50,387,944
7,803,069,663 7,746,200,261 8,191,510,355

146,213,577 228,076,178 216,212,439

3,856,751,805 3,703,876,973 3,850,949,139
128,494,270 164,318,080 188,883,115
129,230,892 128,112,154 66,589,784
2,675,347,640 2,651,066,828 2,895,153,210
6,936,038,184 6,875,450,213 7,217,787,687
867,031,479 870,750,048 973,722,668
237,390 - -
867,268,869 870,750,048 973,722,668

156,506,789 177,392,744 203,308,575

-3,348,491 921,491 -587,924
2,875,494 -12,877,460 1,579,103
711,235,077 705,313,273 769,422,914
711,235,077 705,313,273 769,422,914

-300,139 -1,359,385 1,612,393

-87,340 -395,581 469,206
-3,274,219 38,908,147 -20,794,874

-3,661,698 37,153,181 -18,713,275

707,573,379 742,466,454 750,709,639

7.34 7.7 7.79

7.33 7.55 7.77
 Consolidated Cash Flow ------------------- in Rs. Cr. -------------
Mar 23 Mar-22
Cash flow from Operating Activities
Profit for the Period -1,142,739,813 834,532,081
Adjustments for :
Depreciation and amortization expense 144,601,407 109,342,945
Expense on employee stock based compensation 3,559,619 -7,374,534
Allowance for doubtful debt -1,786,428
Bad Debts 7,591,892 68,744,146
Finance costs 114,395,277 115,529,104
Foreign currency translation -38,222,118 5,452,390
Profit on disposal of property, plant and equipment 779,212 120,948
Good will Write-off 1,841,490,893 -
Changes in operating assets and liabilities
Trade receivables -347,839,888 -234,485,650
Other assets -157,680,755 -448,302,770
Trade payables 50,098,673 -10,434,755
Other liabilities -4,902,137 2,626,267
Provisions -17,458,888 -153,123,233
Net cash provided by operating activities before 453,673,374 280,840,511
Income taxes paid -210,849,808 -274,152,732
Net cash provided by operating activities 242,823,566 6,687,779
Cash flow from investing activities
Purchase of property, plant and equipment -207,967,046 -120,853,993
Goodwill and capital reserve 13,397,260 86,116,141
Earnout payments-(net) -526,742,162 -6,698,560
Net cash (used in)or provided by investing activities -721,311,948 -41,436,412
Cash flow from financing activities
Proceeds from Issue of share capital under ESOP 946,725 3,255,009
Finance costs paid -114,395,277 -115,529,104
Change in loans and borrowings 348,240,521 135,343,118
Dividend paid -24,097,284
Changes in Reserves 245,253,908 -100,334,303
Repaymet of Lease Liabilties 48,563,718 -3,909,679
Net cash used in financing activities 528,609,595 -105,272,243
Net increase in cash and cash equivalents 50,121,213 -140,020,876
Cash and cash equivalents including bank balances other than
cash and cash equivalent at the beginning of the period 248,153,889 388,174,765
Cash and cash equivalents including bank balances other
than cash and cash equivalent at the end of the period 298,275,102 248,153,889
---------------- in Rs. Cr. -------------------
Mar-21 Mar-20 Mar-19

867,268,869 870,750,048 973,722,668

129,230,892 128,112,154 66,589,784

1,591,147 3,956,943 2,167,198
0 - 541,780
45,927,700 3,046,655
128,494,270 164,318,080 188,883,115
-3,274,219 38,908,147 -18,713,275
237,390 -98,314

-78,544,435 -221,940,499 66,464,347

273,432,175 -350,778,581 -277,029,498
23,06,19,371) 27,655,509 -104,467,398
-91,762,682 33,875,915 -9,224,318
-36,218,448 7,104,388 -23,727,957
1,005,763,288 701,962,104 868,351,415
21,07,41,966) -137,168,273 -278,400,483
795,021,322 564,793,831 589,224,012

-57,394,817 -267,570,982 -110,119,545

641,220,879 -266,549,907 118,154,380
26,84,64,144) 143,470,364 -393,177,672
315,361,918 -390,650,525 -385,142,837
-
0 -
12,84,94,270) -164,318,080 -188,883,115
15,03,50,739) -71,481,575 94,284,380
0
66,76,32,786) 155,343,403 -56,476,713
-75,236,415 -52,704,611 -
1,02,17,14,210) -133,160,863 -151,075,448
88,669,030 40,982,443 53,005,727

299,505,735 258,523,292 205,517,565

388,174,765 299,505,735 258,523,292

RATIO ANALYSIS
Kellton Tech Analysis FY23 FY22 FY21 FY20
Share Price (Rs) 51.50 90.56 72.94 12.25
Shares in Issue(in Crores) 9.65 9.65 9.64 9.64
Market Cap (in Crores) 497.13 873.87 703.01 118.07
DPS (Rs) 0.00 0.00 0.00 0.00
BVPS (Rs) 38.64 49.61 43.63 43.20
No.of shares 96530799 96495800 96382468 96382468

Liquidity Ratios
Kellton Tech Analysis FY23 FY22 FY21 FY20
Current Ratio 3.23 2.96 2.51 1.98
Quick Ratio 3.23 2.96 2.51 1.98
Cash Ratio 0.14 0.14 0.20 0.09

Profitability Ratio
Kellton Tech Analysis FY23 FY22 FY21 FY20
Net Profit Margin -13.82 8.36 9.17 9.15
Operating Profit Margin 7.61 9.90 11.18 11.30
EBITDA Margin 9.19 11.20 12.84 12.96
Return on Capital Employed (ROCE) -40.77 21.57 24.39 24.92
Gross Profit Margin 7.6% 9.9% 11.1% 11.2%
Return on Assets (ROA) -19.99 10.81 10.53 10.71
Return on Equity (ROE) -33.99 14.72 16.91 16.94

Solvency/Leverage Ratio
Kellton Tech Analysis FY23 FY22 FY21 FY20
Debt-to-Equity Ratio 0.36 0.22 0.21 0.23
Interest Coverage ratio 7.10 8.22 7.75 6.30

Earnings Ratio
Kellton Tech Analysis FY23 FY22 FY21 FY20
PE Ratio 6.16 1.59 9.94 12.25
EPS (Rs) 7.79 7.70 7.34 7.39
Dividend yeild 0.00% 0.00% 0.00% 0.00%
Dividend Payout Ratio 0% 0% 0% 0%
PB Ratio 1.40 0.28 1.67 1.83
Price to Sales 0.564 0.152 0.901 1.036

Turnover Ratio
Kellton Tech Analysis FY23 FY22 FY21 FY20
Asset Turnover Ratio % 53.56 58.93 57.00 61.00
 FY19
47.95
9.64
462.15
0.00
34.15
96382468

FY19
1.72
1.70
0.09

FY19
9.45
11.96
12.78
37.45
11.9%
12.85
23.38

FY19
0.32
6.16

FY19
-3.80
-13.56
0.00%
0%
1.33
0.541

FY19
80.00