Jaipur-based apparel Original Design Manufacturer (ODM) producing western and ethnic wear for India's leading branded fashion retailers.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 11 | 11 | 11 | 11 | 11 | 13 | 13 | 13 |
| Reserves | 44 | 48 | 58 | 64 | 73 | 136 | 145 | 154 |
| Borrowings | 44 | 49 | 58 | 39 | 43 | 31 | 79 | 79 |
| Other Liabilities | 23 | 43 | 35 | 29 | 33 | 32 | 69 | 56 |
| Total Liabilities | 122 | 152 | 163 | 144 | 161 | 213 | 305 | 302 |
| AssetsFixed Assets | 14 | 15 | 17 | 17 | 18 | 36 | 85 | 94 |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Other Assets | 108 | 136 | 145 | 126 | 142 | 176 | 219 | 205 |
| Total Assets | 122 | 152 | 163 | 144 | 161 | 213 | 305 | 302 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -1 | 11 | 6 | -3 | 15 | 4 | 12 | 31 |
| Cash from Investing | -2 | 1 | -3 | -4 | 9 | -3 | -31 | -54 |
| Cash from Financing | 3 | -12 | 0 | 4 | -24 | -1 | 19 | 22 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -3 | 9 | 3 | -5 | 13 | 1 | 2 | -15 |
| 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.
BELLACASA · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.