Pan-India e-Governance and financial-inclusion services provider handling PAN, Aadhaar, GST and Business Correspondent/kiosk-banking services for citizens and partner banks through 10,000+ service points.
Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 14 | 14 | 14 | 22 | 27 | 27 | 27 | 27 |
| Reserves | 73 | 80 | 119 | 139 | 249 | 270 | 280 | 290 |
| Borrowings | 13 | 14 | 21 | 13 | 44 | 12 | 21 | 18 |
| Other Liabilities | 71 | 57 | 107 | 128 | 211 | 116 | 116 | 127 |
| Total Liabilities | 172 | 165 | 261 | 302 | 531 | 425 | 445 | 462 |
| AssetsFixed Assets | 50 | 68 | 87 | 56 | 50 | 81 | 77 | 66 |
| CWIP | 18 | 1 | 0 | 0 | 9 | 0 | 0 | 0 |
| Investments | 0 | 1 | 12 | 11 | 21 | 36 | 40 | 12 |
| Other Assets | 104 | 97 | 161 | 236 | 451 | 308 | 328 | 383 |
| Total Assets | 172 | 165 | 261 | 302 | 531 | 425 | 445 | 462 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 19 | -9 | -2 | 2 | -49 | 10 | 49 | -22 |
| Cash from Investing | -22 | 4 | -3 | -27 | -19 | -80 | -52 | 45 |
| Cash from Financing | 4 | -2 | -3 | 41 | 63 | 122 | -35 | 4 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -3 | -12 | -7 | -26 | -76 | -1 | 21 | -20 |
| 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.
ALANKIT · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.