Ahmedabad-based manufacturer of phthalocyanine (CPC Blue) pigments, AZO pigments and pharmaceutical APIs, operating four plants across Gujarat.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 189 | 215 | 230 | 207 | 224 | 243 | 246 | 260 |
| Borrowings | 22 | 50 | 87 | 180 | 197 | 167 | 141 | 143 |
| Other Liabilities | 55 | 112 | 138 | 147 | 138 | 162 | 168 | 188 |
| Total Liabilities | 278 | 389 | 468 | 545 | 570 | 584 | 567 | 603 |
| AssetsFixed Assets | 129 | 213 | 235 | 275 | 306 | 305 | 299 | 287 |
| CWIP | 11 | 9 | 0 | 25 | 11 | 0 | 0 | 0 |
| Investments | 13 | 2 | 1 | 1 | 1 | 0 | 0 | 2 |
| Other Assets | 125 | 166 | 231 | 244 | 253 | 278 | 267 | 314 |
| Total Assets | 278 | 389 | 468 | 545 | 570 | 584 | 567 | 603 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 27 | 57 | 8 | 0 | 30 | 9 | 58 | 43 |
| Cash from Investing | -3 | -16 | -60 | -28 | -77 | -13 | -5 | -7 |
| Cash from Financing | -24 | -39 | 50 | 28 | 47 | 4 | -49 | -38 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 23 | 45 | -61 | -27 | 1 | 2 | 53 | 38 |
| 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.
ASAHISONG · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.