Financial instruments (Tables)

12 Months Ended

Mar. 31, 2022

Disclosure of detailed information about financial instruments [abstract]

Disclosure of detailed information about financial instruments [text block]

The carrying value and fair value of financial instruments by each category as of March 31, 2022 were as follows:

Particulars	Note		Financial assets/ liabilities at amortised costs		Financial assets / liabilities at FVTPL		Financial assets / liabilities at FVTOCI		Total carrying value		Total fair value
Assets
Cash and cash equivalents		8		4,574,013		-		-		4,574,013		4,574,013
Other assets		10		589,971		-		-		589,971		589,971
Trade receivables		13		10,784,668		-		-		10,784,668		10,784,668
Other receivables		13		29,869		-		-		29,869		29,869
Other investments		15		474,340		-		1,710		476,050		476,050
Liabilities
Bank overdraft		8		371,995		-		-		371,995		371,995
Lease liabilities		7		2,207,403		-		-		2,207,403		2,207,403
Other liabilities		18		60,742		-		-		60,742		60,742
Borrowings from banks		19		9,379,680		-		-		9,379,680		9,379,680
Borrowings from others		19		5,500,511		-		-		5,500,511		5,500,511
Trade and other payables		20		10,510,409		-		-		10,510,409		10,510,409
Derivative financial liabilities		20		-		-		-

The carrying value and fair value of financial instruments by each category as of March 31, 2021 were as follows:

Particulars	Note		Financial assets/ liabilities at amortised costs		Financial assets / liabilities at FVTPL		Financial assets / liabilities at FVTOCI		Total carrying value		Total fair value
Assets
Cash and cash equivalents		8		5,502,054		-		-		5,502,054		5,502,054
Other assets		10		375,802		-		-		375,802		375,802
Trade receivables		13		8,520,118		-		-		8,520,118		8,520,118
Other receivables		13		79,830		-		-		79,830		79,830
Other investments		15		210,528		-		1,710		212,238		212,238
Liabilities
Bank overdraft		8		123,666		-		-		123,666		123,666
Lease liabilities		7		2,202,649		-		-		2,202,649		2,202,649
Other liabilities		18		216,284		-		-		216,284		216,284
Borrowings from banks		19		7,174,373		-		-		7,174,373		7,174,373
Borrowings from others		19		2,234,856		-		-		2,234,900		2,234,900
Trade and other payables		20		8,185,844		-		-		8,185,844		8,185,844
Derivative financial liabilities		20		8,079		-		-		8,079		8,079

Disclosure of financial assets [text block]

The carrying amount of financial assets as at March 31, 2022 and 2021 that the Group has provided as collateral for obtaining borrowings and other facilities from its bankers are as follows:

	As of
	March 31, 2022		March 31, 2021
Cash and cash equivalents		4,304,700		5,147,534
Trade receivables		10,991,295		8,373,011
		15,295,995		13,520,545

Disclosure of effect of changes in foreign exchange rates [text block]

The following table gives details in respect of the notional amount of outstanding foreign exchange contracts as at March 31, 2022 and 2021.

	As of
	March 31, 2022		March 31, 2021
Forward contracts
In U.S. Dollars (Sell)		-		-
In U.S. Dollars (Buy)		-		-

Disclosure of maturity analysis for derivative financial liabilities [text block]

The forward exchange contracts and option contracts mature between one and twelve months. The table below summarizes the notional amounts of derivative financial instruments into relevant maturity groupings based on the remaining period as at the end of the year:

	As of
	March 31, 2022		March 31, 2021
Buy:		(US $)		(US $)
Not later than one month		-		-
Later than one month and not later than three months		-		-
Later than three months and not later than six months		-		-
Later than six months and not later than one year		-		-

Disclosure of outstanding swap contract [text block]

The swap contracts outstanding balances as on March 31, 2022 and March 31, 2021 is as follows.

Particulars	Value of the outstanding INR term loan		Value of the outstanding USD principal		Mark to Market losses/ (gain)
Tranche 1		132,300		USD 18,000		-
Tranche 2 (Undrawn)		198,450		USD 27,000		-
Total		330,750		USD 45,000		-

Particulars	Value of the outstanding INR term loan		Value of the outstanding USD principal		Mark to Market losses/ (gain)
Tranche 1		147,000		USD 20,000		-
Tranche 2 (Undrawn)		220,500		USD 30,000		-
Total		367,500		USD 50,000		-

Maturity analysis for derivative financial instruments explanatory [text block]

The maturity of these contracts extends for five years and six months. The table below summarizes the cash flows (principal) of these derivative financial instruments into relevant maturity groupings based on the remaining period as at the end of the year:

	As at				As at
	March 31, 2022				March 31, 2021
Particulars	Payable (USD)		Receivable (INR)		Payable (USD)		Receivable (INR)
Less than 1 year		10,000		73,500		5,000		36,750
One to two years		10,000		73,500		10,000		73,500
Two to three years		10,000		73,500		10,000		73,500
Three to four years		10,000		73,500		10,000		73,500
Four to five years		5,000		36,800		10,000		73,500
More than five years		-		-		5,000		36,750
Total cash flows		45,000		330,750		50,000		367,500

Disclosure of detailed information about maturity analysis of interest rate swaps [text Block]

The maturity of these contracts extends for five years and six months. The table below summarizes the cash flows (interest) of these derivative financial instruments into relevant maturity groupings based on the remaining period as at the end of the year:

	As of
	March 31, 2022				March 31, 2021
	Receivable (US $)			Payable (US $)	Receivable (US $)			Payable (US $)
		1,126	269,994			1,210	323,043
Less than 1 year		855	205,072			1,126	269,994
One to two years		580	139,164			855	205,072
Two to three years		308	73,749			580	139,164
Three to four years		52	12,366			308	73,749
Four to five years		-	-			52	12,366
Total cash flows		2,921	700,345			4,131	1,023,388

* Amount below rounding off norm adopted by the Group

Disclosure of detailed information about fair value measurement [text Block]

The details of assets and liabilities that are measured on fair value on recurring basis are given below:

	Fair value as of March 31, 2022						Fair value as of March 31, 2021
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Derivative financial assets – gain on outstanding forward/options contracts		-		-		-		-		-		-
Liabilities
Derivative financial liabilities – loss on outstanding forward/options contracts		-		-		-		-		-		-
Derivative financial liabilities - loss on outstanding cross currency swaps		-		-		-		-		-		-
Derivative financial liabilities - loss on outstanding interest rate swaps		-		-		16,879		-		-		8,079

Disclosure of financial instruments at fair value through profit or loss [text block]

Interest income/ (expenses), gains/ (losses) recognized on financial assets and liabilities

Recognized in profit or loss

	Year ended
	March 31, 2022			March 31, 2021			March 31, 2020
Financial assets at amortised cost
Interest income on bank deposits		45,060			56,134			32,094
Interest income from other financial assets		28,517			26,700			161,826
Impairment loss of trade receivables		(433,723	)		(755,495	)		(479,747	)
Financial assets at fair value through profit or loss
Net change in fair value of derivative financial instruments gain/(loss)		(16,879	)		8,079			380
Financial liabilities at amortised cost
Interest expenses on lease obligations		(185,092	)		(178,300	)		(171,824	)
Interest expenses on borrowings from banks, others and overdrafts		(805,170	)		(714,121	)		(764,398	)