| Line item | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|
| LiabilitiesEquity Capital | 15 | 19 | 19 | 21 |
| Reserves | -2 | 57 | -1.9k | -1.9k |
| Borrowings | 0 | 1.3k | 1.4k | 1.3k |
| Other Liabilities | 0 | 2.7k | 4.2k | 4.4k |
| Total Liabilities | 14 | 4.1k | 3.7k | 3.9k |
| AssetsFixed Assets | 2 | 1.4k | 1.3k | 1.3k |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 19 | 28 | 112 |
| Other Assets | 12 | 2.7k | 2.4k | 2.5k |
| Total Assets | 14 | 4.1k | 3.7k | 3.9k |
| Line item | FY24 | FY25 | FY26 |
|---|---|---|---|
| ActivitiesCash from Operating | 0 | -220 | -23 |
| Cash from Investing | -6 | -429 | -14 |
| Cash from Financing | 13 | 940 | 36 |
| SummaryCapital Expenditure | — | — | — |
| Free Cash Flow | -7 | -248 | -63 |
| 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.
EBIX · CYCLICAL_UNMODELABLE
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