| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 |
| Reserves | 130 | 131 | 134 | 140 | 146 | 153 | 157 | 161 |
| Borrowings | 62 | 62 | 54 | 54 | 51 | 43 | 37 | 36 |
| Other Liabilities | 15 | 16 | 22 | 21 | 18 | 11 | 29 | 20 |
| Total Liabilities | 260 | 262 | 263 | 268 | 267 | 259 | 275 | 270 |
| AssetsFixed Assets | 221 | 216 | 214 | 214 | 214 | 213 | 214 | 214 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 38 | 45 | 49 | 54 | 53 | 46 | 61 | 56 |
| Total Assets | 260 | 262 | 263 | 268 | 267 | 259 | 275 | 270 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 4 | 9 | -5 | 5 | -1 | 7 | 6 | 13 |
| Cash from Investing | -1 | -0 | 4 | 2 | 1 | -1 | 0 | -1 |
| Cash from Financing | -7 | -8 | -0 | -8 | 0 | -4 | -8 | -6 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 2 | 9 | -1 | 7 | -1 | 6 | 5 | 11 |
| FCF Margin | — | — | — | — | — | — | — | — |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
ATVPR · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.