Rentomojo Ltd debt repayments cluster within five years

Rentomojo Ltd had Rs 261.541 crore of scheduled borrowing and lease payments, including interest, as of March 31, 2026, and Rs 259.317 crore, or 99.15%, fell due within five years. Bank term loans accounted for Rs 190.702 crore of the schedule, while only Rs 2.224 crore of lease payments extended beyond five years.

Why do Rentomojo Ltd debt repayments cluster within five years?

Rentomojo Ltd debt repayments cluster within five years because every disclosed borrowing payment, including interest, was due within that period, while only Rs 2.224 crore of lease-liability payments extended beyond five years. The March 31, 2026 payment schedule measures contractual payments by due date and includes interest, rather than presenting only balance-sheet carrying amounts.

Of the Rs 261.541 crore total for borrowings and lease liabilities, Rs 115.033 crore was payable within one year and Rs 144.284 crore from one to five years. The one-to-five-year band represented 55.17% of the schedule, compared with 43.98% due within one year. The residual amount after five years was entirely related to lease liabilities.

Rentomojo Ltd reported Rs 187.590 crore of borrowings on its March 31, 2026 balance sheet, comprising Rs 109.787 crore of non-current borrowings and Rs 77.803 crore of current borrowings. It also reported Rs 45.537 crore of lease liabilities, comprising Rs 27.824 crore of non-current liabilities and Rs 17.713 crore of current liabilities. The Rs 261.541 crore payment schedule is higher because it includes interest.

Which obligations create Rentomojo Ltd repayment schedule?

Bank term loans create the largest share of Rentomojo Ltd repayment schedule, at Rs 190.702 crore including interest as of March 31, 2026. Of that amount, Rs 75.842 crore was due within one year and Rs 114.860 crore from one to five years. The bank-term-loan schedule contained no payment due after five years.

Non-convertible debentures, which are debt instruments not converted into equity, accounted for Rs 23.760 crore of scheduled payments including interest. Rentomojo Ltd had Rs 17.341 crore of these payments due within one year and Rs 6.419 crore due from one to five years. Term loans from other lenders added Rs 15.9 lakh, all payable within one year.

Lease liabilities totalled Rs 46.920 crore including interest, with Rs 21.691 crore due within one year and Rs 23.005 crore due from one to five years. The Rs 2.224 crore due after five years was the only amount beyond that horizon among borrowings and lease liabilities. Lease liabilities therefore account for the full long-dated portion of the disclosed schedule.

Rentomojo Ltd also listed Rs 39.153 crore of trade payables and Rs 58.436 crore of other financial liabilities, all payable within one year as of March 31, 2026. These items are separate from borrowings and lease liabilities, but they increase disclosed first-year cash obligations. Including them, Rs 212.622 crore across the payment schedule was due within one year.

How is Rentomojo Ltd asset expansion linked to borrowings?

Rentomojo Ltd continued to receive borrowing proceeds while making substantial investments in rental assets. In Fiscal 2026, Rentomojo Ltd received Rs 131.380 crore from borrowings and made Rs 175.830 crore of cash purchases of property, plant and equipment, including capital advances and capital creditors. It also repaid Rs 83.598 crore and prepaid Rs 14.171 crore of borrowings during the year.

The gross carrying value of property, plant and equipment, the accounting category reported in the filing, rose from Rs 342.147 crore at March 31, 2025 to Rs 529.922 crore at March 31, 2026. Fiscal 2026 additions were Rs 192.704 crore, principally for furniture, office equipment and electrical equipment. Rentomojo Ltd states that its capital expenditure principally consists of furniture and appliances used in its operations.

The same pattern appeared in the two preceding fiscal years. Rentomojo Ltd received Rs 116.997 crore in borrowing proceeds in Fiscal 2025 while property, plant and equipment purchases were Rs 138.297 crore; in Fiscal 2024, it received Rs 107.000 crore from borrowings and recorded Rs 148.847 crore of such purchases. Fiscal 2024 also included Rs 98.470 crore of proceeds from equity or preference shares.

The cash-flow data do not attribute each borrowing to a specific asset purchase. Rentomojo Ltd says it funds operations through operating cash flows and external borrowings. The repayment profile therefore depends on the company continuing to generate operating cash, deploy its rental assets and access financing when required for its disclosed obligations.

What cash flows did Rentomojo Ltd generate against repayments?

Rentomojo Ltd generated Rs 172.871 crore of net cash from operating activities in Fiscal 2026, compared with Rs 115.545 crore in Fiscal 2025 and Rs 91.572 crore in Fiscal 2024. Fiscal 2026 restated profit before tax was Rs 67.656 crore, while operating cash flow before working-capital movements was Rs 171.292 crore. An increase in trade payables of Rs 22.580 crore and financial liabilities of Rs 5.514 crore contributed to working-capital movements.

Net cash used in financing activities declined to Rs 4.199 crore in Fiscal 2026 from Rs 34.684 crore in Fiscal 2025, following net cash generated from financing activities of Rs 113.096 crore in Fiscal 2024. The Fiscal 2026 financing outflow reflected borrowings repayments, prepayments, finance costs other than lease liabilities and lease-principal repayments, substantially offset by new borrowing proceeds. Cash and cash equivalents ended Fiscal 2026 at Rs 21.028 crore, compared with Rs 10.693 crore a year earlier.

Interest expense on financial liabilities measured at amortised cost fell to Rs 19.500 crore in Fiscal 2026 from Rs 21.035 crore in Fiscal 2025. Rentomojo Ltd attributed the reduction to repayment and prepayment of borrowings, although total finance cost remained Rs 25.335 crore in Fiscal 2026. The filing defines liquidity risk as the risk of being unable to meet financial obligations when due and says liquidity is maintained within established credit facilities.

What could change Rentomojo Ltd repayment position?

Rentomojo Ltd had Rs 8.836 crore of capital commitments for property, plant and equipment as of March 31, 2026. It also disclosed undisbursed sanctioned loans of Rs 5.000 crore to Liber Designs Pvt Ltd, its wholly owned subsidiary, and Rs 15 lakh to RM Employee Benefit Trust. These disclosed commitments sit alongside the Rs 115.033 crore of borrowing and lease payments due within one year.

In June 2026, a fire at a Rentomojo Ltd warehouse in Badalpur, Gautam Buddha Nagar, Uttar Pradesh damaged the warehouse and certain assets, producing losses of approximately Rs 11.020 crore. No injuries were reported. Rentomojo Ltd stated that, other than disclosed matters, it was not aware after March 31, 2026 of circumstances that could materially and adversely affect its ability to pay material liabilities within the following 12 months.

Conclusion

Rentomojo Ltd repayment profile is concentrated in the first five years because bank term loans, non-convertible debentures and loans from other lenders have no payments scheduled beyond that period. The only longer-dated amount is Rs 2.224 crore of lease liabilities, while the company has continued to invest in furniture, appliances and other property, plant and equipment alongside borrowing proceeds.

The next disclosed items to watch are the Rs 115.033 crore of borrowing and lease payments due within one year, the Rs 8.836 crore of capital commitments and the effect of the June 2026 warehouse fire. Rentomojo Ltd says its funding approach uses operating cash flows and external borrowings, with liquidity maintained within established credit facilities.