Mumbai-based manufacturer of LED lighting fixtures and luminaires for retail, home, infrastructure and railway applications, sold under the Plus Light Tech brand.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 10 | 10 | 10 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 23 | 21 | 25 | 77 | 115 | 127 | 131 | 133 |
| Borrowings | 4 | 5 | 3 | 3 | 13 | 17 | 13 | 20 |
| Other Liabilities | 23 | 26 | 42 | 35 | 49 | 44 | 53 | 48 |
| Total Liabilities | 61 | 62 | 80 | 128 | 190 | 202 | 210 | 214 |
| AssetsFixed Assets | 13 | 15 | 15 | 21 | 21 | 38 | 36 | 38 |
| CWIP | 0 | 1 | 1 | 2 | 19 | 22 | 28 | 32 |
| Investments | 0 | 0 | 0 | 11 | 6 | 3 | 3 | 4 |
| Other Assets | 47 | 46 | 64 | 95 | 144 | 138 | 144 | 141 |
| Total Assets | 61 | 62 | 80 | 128 | 190 | 202 | 210 | 214 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 6 | 3 | 3 | 6 | -14 | 6 | 32 | 26 |
| Cash from Investing | -9 | -3 | -1 | -3 | -10 | -20 | -25 | -20 |
| Cash from Financing | 0 | 0 | -1 | -3 | 30 | 9 | -4 | -2 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -3 | 0 | 2 | 2 | -24 | -19 | 5 | 6 |
| 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.
FOCUS · CYCLICAL_UNMODELABLE
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