Uttar Pradesh-based integrated sugar manufacturer with distillery (ethanol) and co-generation power operations across four mills
Price
Market Cap
Sector
Fast Moving Consumer Goods
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 572 | 646 | 790 | 871 | 1.0k | 1.1k | 1.0k | 1.1k |
| Borrowings | 1.6k | 1.4k | 1.2k | 1.1k | 1.3k | 1.4k | 594 | 1.4k |
| Other Liabilities | 672 | 608 | 405 | 459 | 508 | 408 | 161 | 349 |
| Total Liabilities | 2.9k | 2.6k | 2.4k | 2.4k | 2.9k | 2.9k | 1.8k | 2.9k |
| AssetsFixed Assets | 966 | 1.1k | 1.1k | 1.2k | 1.2k | 1.2k | 1.2k | 1.3k |
| CWIP | 69 | 14 | 9 | 13 | 10 | 12 | 95 | 3 |
| Investments | 10 | 15 | 47 | 47 | 80 | 88 | 81 | 72 |
| Other Assets | 1.8k | 1.5k | 1.3k | 1.2k | 1.6k | 1.6k | 448 | 1.5k |
| Total Assets | 2.9k | 2.6k | 2.4k | 2.4k | 2.9k | 2.9k | 1.8k | 2.9k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -106 | 185 | 465 | 314 | 364 | -77 | 154 | 158 |
| Cash from Investing | -29 | -98 | -108 | -54 | -124 | -70 | -99 | -98 |
| Cash from Financing | 134 | -84 | -358 | -264 | -239 | 147 | -53 | -61 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -136 | 85 | 355 | 259 | 239 | -151 | 52 | 56 |
| 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.
AVADHSUGAR · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.