Indian vocational-training and skilling company running franchise-led centres across IT, animation/VFX, beauty & wellness, aviation/hospitality and virtual production, plus a separate institutional assessment and testing business.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 40 | 41 | 41 | 41 | 58 | 58 | 58 | 58 |
| Reserves | 219 | 126 | 169 | 215 | 202 | 193 | 180 | 191 |
| Borrowings | 28 | 2 | 0 | 7 | 8 | 7 | 14 | 13 |
| Other Liabilities | 54 | 56 | 101 | 218 | 140 | 132 | 161 | 167 |
| Total Liabilities | 341 | 224 | 311 | 481 | 409 | 390 | 412 | 428 |
| AssetsFixed Assets | 29 | 20 | 19 | 23 | 28 | 22 | 36 | 34 |
| CWIP | 1 | 1 | 1 | 3 | 4 | 8 | 0 | 0 |
| Investments | 132 | 24 | 23 | 23 | 23 | 3 | 3 | 2 |
| Other Assets | 180 | 179 | 269 | 433 | 354 | 358 | 373 | 391 |
| Total Assets | 341 | 224 | 311 | 481 | 409 | 390 | 412 | 428 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 14 | -10 | 41 | 45 | 99 | -8 | 20 | 24 |
| Cash from Investing | 0 | 22 | -6 | -1 | -54 | -24 | 16 | 8 |
| Cash from Financing | -17 | -18 | -24 | -6 | -21 | -28 | -28 | -30 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 4 | -15 | 37 | 39 | 92 | -22 | 13 | 21 |
| 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.
APTECHT · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.