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Financial instruments (Tables) | 12 Months Ended
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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, 202 2 |  |  | March 31, 20 21 |
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, 20 22 |  |  | 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, 202 2 |  |  | March 31, 20 21 |
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, 202 2 |  |  | 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, 202 2 |  |  | 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 | )

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- Definition The disclosure of a maturity analysis for derivative financial liabilities, including the remaining contractual maturities for those derivative financial liabilities for which contractual maturities are essential for an understanding of the timing of the cash flows. [Refer: Derivative financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 39 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_39_b&doctype=Standard -URIDate 2021-03-24 + Details
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