Uttar Pradesh-based integrated sugar manufacturer running three cane-crushing plants that also produce ethanol/industrial alcohol and bagasse-based cogeneration power.
Price
Market Cap
Sector
Fast Moving Consumer Goods
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 465 | 560 | 654 | 721 | 803 | 788 | 736 | 810 |
| Borrowings | 846 | 609 | 524 | 375 | 456 | 507 | 175 | 336 |
| Other Liabilities | 279 | 257 | 222 | 166 | 137 | 149 | 99 | 133 |
| Total Liabilities | 1.6k | 1.4k | 1.4k | 1.3k | 1.4k | 1.5k | 1.0k | 1.3k |
| AssetsFixed Assets | 430 | 410 | 388 | 582 | 583 | 547 | 524 | 528 |
| CWIP | 2 | 1 | 142 | 0 | 0 | 0 | 4 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Other Assets | 1.2k | 1.0k | 889 | 697 | 831 | 915 | 500 | 769 |
| Total Assets | 1.6k | 1.4k | 1.4k | 1.3k | 1.4k | 1.5k | 1.0k | 1.3k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -250 | 11 | 296 | 339 | 314 | 13 | 61 | 129 |
| Cash from Investing | -44 | -111 | -18 | -198 | -92 | -41 | -7 | -4 |
| Cash from Financing | 292 | 101 | -280 | -141 | -222 | 27 | 27 | -194 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -298 | -100 | 276 | 178 | 216 | -37 | 48 | 122 |
| 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.
DWARKESH · CYCLICAL_UNMODELABLE
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