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BoAt, officially known as Imagine Marketing Limited, is a leading Indian consumer electronics brand known for its audio products, wearables, and mobile accessories.Recent Performance Revenue Growth: BoAt reported a revenue of approximately ₹3,403 crore for FY 2023, showing significant growth compared to previous years. Profit After Tax (PAT): The company reported a loss of ₹129 crore in FY 2023. Earnings Per Share (EPS): The EPS for FY 2023 was -₹13.40. Market Insights BoAt's unlisted shares have seen fluctuations in their market price due to various factors including market conditions and company performance. The company had filed for an IPO in January 2022 but deferred it due to volatile market conditions. It raised ₹500 crore from private investors instead. The share price has varied significantly over the past year, with reports indicating prices around ₹785 to ₹1,725 depending on market conditions.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 1314 | 2873 | 3377 | 3104 |
| Cost of Material Consumed | 1255 | 2591 | 2527 | 2263 |
| Gross Margins | 4.49 | 9.82 | 25.17 | 27.09 |
| Change in Inventory | -234 | -245 | 84 | 32 |
| Employee Benefit Expenses | 15 | 56 | 99 | 97 |
| Other Expenses | 151 | 341 | 748 | 715 |
| EBITDA | 127 | 130 | -81 | -3 |
| OPM | 9.67 | 4.52 | -2.4 | -0.1 |
| Other Income | 7 | 12 | 21 | 18 |
| Finance Cost | 12 | 34 | 78 | 63 |
| D&A | 3 | 9 | 25 | 22 |
| EBIT | 124 | 121 | -106 | -25 |
| EBIT Margins | 9.44 | 4.21 | -3.14 | -0.81 |
| PBT | 118 | 99 | -163 | -70 |
| PBT Margins | 8.98 | 3.45 | -4.83 | -2.26 |
| Tax (2021) | 32 | 30 | -34 | -17 |
| PAT | 86 | 69 | -129 | -53 |
| NPM | 6.54 | 2.4 | -3.82 | -1.71 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 9.67 | 4.52 | -2.4 | -0.1 |
| Net Profit Margin | 6.54 | 2.4 | -3.82 | -1.71 |
| Earning Per Share (Diluted) | 9.2 | 7.19 | -13.44 | -5.52 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 1.7 | 2.8 | 155 | 63 |
| CWIP | 0 | 14 | 8 | 0 |
| Investments | 2 | 32 | 30 | 325 |
| Trade Receivables | 75 | 323 | 276 | 150 |
| Inventory | 309 | 554 | 470 | 429 |
| Other Assets | 290.3 | 1060.2 | 1213 | 738 |
| Total Assets | 678 | 1986 | 2152 | 1705 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 9.35 | 9.6 | 9.6 | 9.6 |
| FV | 1 | 1 | 1 | 1 |
| Reserves | 455 | 592 | 449 | 462 |
| Borrowings | 41 | 921 | 1236 | 860 |
| Trade Payables | 120 | 219 | 259 | 217 |
| Other Liabilities | 52.65 | 244.4 | 198.4 | 156.4 |
| Total Liabilities | 678 | 1986 | 2152 | 1705 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 118 | 99 | -164 | -71 |
| OPBWC | 172 | 265 | -5 | 92 |
| Change in Receivables | -19 | -242 | 22 | 126 |
| Change in Inventories | -250 | -251 | 51 | -44 |
| Change in Payables | 87 | 68 | 39 | -39 |
| Other Changes | -99 | -160 | -161 | 269 |
| Working Capital Change | -281 | -585 | -49 | 312 |
| Cash Generated From Operations | -109 | -320 | -54 | 404 |
| Tax | -33 | -49 | -10 | -4 |
| Cash Flow From Operations | -142 | -369 | -64 | 400 |
| Purchase of PPE | -5 | -14 | -23 | -35 |
| Sale of PPE | 0 | 0 | 0 | 8 |
| Cash Flow From Investment | -7 | -632 | -75 | -40 |
| Borrowing | -9 | 879 | 188 | -377 |
| Divided | 0 | 0 | 0 | 0 |
| Equity | 0 | 2.9 | 0.3 | 0.7 |
| Others From Financing | 280 | 13 | 37.7 | -69.7 |
| Cash Flow from Financing | 271 | 894.9 | 226 | -446 |
| Net Cash Generated | 122 | -106.1 | 87 | -86 |
| Cash at the Start | 6 | 165 | 60 | 139 |
| Cash at the End | 128 | 58.9 | 147 | 53 |
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Sameer mehta | 39.96% | 39.96% | 39.91% | 39.91% |
| Aman Gupta | 39.96% | 39.96% | 39.91% | 39.91% |
| South Lake Investment Ltd. | 19.28% | 19.28% | 19.25% | 19.25% |
| Others | 0.80% | 0.80% | 0.93% | 0.93% |
