| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 16 |
| Reserves | 2 | 2 | 2 | 2 | 2 | 2 | 9 | 8 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 11 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Total Liabilities | 7 | 8 | 7 | 7 | 7 | 8 | 15 | 35 |
| AssetsFixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 7 | 8 | 7 | 7 | 7 | 8 | 15 | 20 |
| Total Assets | 7 | 8 | 7 | 7 | 7 | 8 | 15 | 35 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -1 | 2 | -0 | -0 | -0 | -0 | -1 | 1 |
| Cash from Investing | 0 | -2 | 0 | 0 | 0 | 0 | -0 | -22 |
| Cash from Financing | 0 | -0 | 0 | 0 | 0 | 0 | 1 | 22 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -1 | 2 | -0 | -0 | -0 | -0 | -1 | -13 |
| FCF Margin | — | — | — | — | — | — | — | — |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
EMROCK · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.