India-based trading company that sources recyclable paper internationally and supplies it to the domestic paper recycling industry through its proprietary ERIS technology platform.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 0 | 0 | 0 | 0 | 7 | 7 | 9 |
| Reserves | 0 | 0 | 1 | 4 | 14 | 18 | 59 |
| Borrowings | 1 | 1 | 3 | 4 | 5 | 9 | 16 |
| Other Liabilities | 1 | 1 | 3 | 12 | 22 | 21 | 23 |
| Total Liabilities | 2 | 3 | 7 | 21 | 48 | 54 | 108 |
| AssetsFixed Assets | 0 | 0 | 0 | 1 | 0 | 7 | 10 |
| CWIP | 0 | 0 | 0 | 0 | 5 | 0 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2 | 2 | 6 | 19 | 42 | 47 | 92 |
| Total Assets | 2 | 3 | 7 | 21 | 48 | 54 | 108 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 0 | 0 | 0 | -1 | -5 | -19 |
| Cash from Investing | 0 | -1 | -1 | -1 | -4 | -13 |
| Cash from Financing | 0 | 1 | 1 | 2 | 11 | 48 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | 0 | 0 | -1 | -2 | -9 | -31 |
| 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.
EXIMROUTES · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.