| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 |
| Reserves | 15 | 16 | 16 | 18 | 19 | 26 | 31 | 34 |
| Borrowings | 7 | 9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1 | 4 | 9 | 6 | 9 | 6 | 5 | 8 |
| Total Liabilities | 31 | 37 | 33 | 32 | 36 | 40 | 44 | 51 |
| AssetsFixed Assets | 11 | 13 | 13 | 9 | 9 | 22 | 23 | 25 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 4 | 4 | 0 | 0 | 0 | 0 | 1 |
| Other Assets | 17 | 20 | 15 | 23 | 27 | 18 | 21 | 25 |
| Total Assets | 31 | 37 | 33 | 32 | 36 | 40 | 44 | 51 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 3 | -1 | 3 | 1 | -8 | 2 | 8 | 5 |
| Cash from Investing | -6 | -1 | -3 | -1 | 8 | -1 | -13 | -4 |
| Cash from Financing | 5 | -0 | -0 | 0 | -0 | -0 | 5 | 3 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 1 | -1 | 1 | -0 | -4 | 2 | -5 | 1 |
| 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.
DHAMPURE · CYCLICAL_UNMODELABLE
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