Kolkata-based industrial gas maker; top-3 in India, market leader in West Bengal, Andhra Pradesh & Telangana
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 7 | 7 | 7 | 7 | 7 | 26 | 28 | 28 |
| Reserves | 117 | 141 | 319 | 357 | 403 | 467 | 894 | 949 |
| Borrowings | 136 | 111 | 11 | 102 | 178 | 247 | 119 | 184 |
| Other Liabilities | 77 | 98 | 45 | 86 | 84 | 106 | 106 | 137 |
| Total Liabilities | 337 | 356 | 381 | 551 | 673 | 846 | 1.1k | 1.3k |
| AssetsFixed Assets | 228 | 238 | 221 | 182 | 331 | 339 | 342 | 453 |
| CWIP | 5 | 0 | 0 | 74 | 0 | 45 | 65 | 78 |
| Investments | 0 | 0 | 0 | 111 | 170 | 194 | 311 | 397 |
| Other Assets | 103 | 118 | 160 | 185 | 172 | 267 | 428 | 370 |
| Total Assets | 337 | 356 | 381 | 551 | 673 | 846 | 1.1k | 1.3k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 33 | 125 | — | 13 | 39 | 44 | 4 | 133 |
| Cash from Investing | -20 | -37 | — | -9 | -114 | -122 | -57 | -436 |
| Cash from Financing | -12 | -51 | — | 25 | 87 | 67 | 52 | 305 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 13 | 88 | — | 0 | -56 | -42 | -65 | -25 |
| 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.
ELLEN · CYCLICAL_UNMODELABLE
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