Mumbai company that exited its B2B cloud-kitchen food-manufacturing business in FY25 and pivoted to operating 'Galaxy Supermarket' retail stores backed by Future Group affiliates
Price
Market Cap
Sector
Fast Moving Consumer Goods
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 42 | 45 | 45 | 45 | 45 | 47 | 50 | 50 |
| Reserves | -35 | -44 | -44 | -52 | -66 | -67 | -69 | -68 |
| Borrowings | 2 | 7 | 5 | 10 | 17 | 21 | 20 | 25 |
| Other Liabilities | 44 | 27 | 23 | 16 | 9 | 17 | 19 | 13 |
| Total Liabilities | 53 | 35 | 29 | 19 | 5 | 19 | 20 | 20 |
| AssetsFixed Assets | 31 | 18 | 16 | 9 | 1 | 9 | 9 | 10 |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 21 | 17 | 13 | 9 | 4 | 9 | 10 | 9 |
| Total Assets | 53 | 35 | 29 | 19 | 5 | 19 | 20 | 20 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -32 | 18 | -4 | -1 | -8 | -11 | 1 | 2 |
| Cash from Investing | 37 | -21 | 9 | -2 | 1 | 1 | 3 | -1 |
| Cash from Financing | -2 | -1 | -0 | -0 | 7 | 10 | -3 | -1 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -40 | -3 | 5 | -3 | -7 | -10 | -1 | 1 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
506186 · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.