India's largest solar glass manufacturer, supplying textured PV glass to solar-module makers worldwide.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 11 | 13 | 13 | 13 | 13 | 13 | 13 | 14 |
| Reserves | 315 | 602 | 772 | 906 | 860 | 984 | 880 | 1.5k |
| Borrowings | 92 | 79 | 157 | 421 | 576 | 252 | 203 | 162 |
| Other Liabilities | 75 | 89 | 113 | 292 | 235 | 205 | 165 | 152 |
| Total Liabilities | 494 | 783 | 1.1k | 1.6k | 1.7k | 1.5k | 1.3k | 1.8k |
| AssetsFixed Assets | 345 | 320 | 278 | 977 | 928 | 777 | 664 | 614 |
| CWIP | 1 | 4 | 297 | 70 | 126 | 135 | 48 | 108 |
| Investments | 7 | 280 | 214 | 11 | 12 | 50 | 136 | 606 |
| Other Assets | 141 | 178 | 267 | 574 | 618 | 493 | 414 | 497 |
| Total Assets | 494 | 783 | 1.1k | 1.6k | 1.7k | 1.5k | 1.3k | 1.8k |
| Line item | FY16 | FY17 | FY18 | FY19 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 32 | 43 | 103 | -25 | -6 | 69 | 100 | 423 |
| Cash from Investing | 162 | 20 | -67 | -26 | -116 | -215 | -142 | -736 |
| Cash from Financing | -193 | -64 | -31 | 40 | 238 | 168 | -53 | 323 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 11 | 54 | 87 | -212 | -353 | -148 | -8 | 226 |
| 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.
BORORENEW · CYCLICAL_UNMODELABLE
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