North India–based Kraft Paper manufacturer (plus Duplex Board and specialty papers) supplying corrugated-box makers for FMCG, consumer-durable and e-commerce packaging, with a captive cogeneration plant and Mild Steel Ingot by-product.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY14 | FY15 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 49 |
| Reserves | 300 | 309 | 339 | 456 | 441 | 447 | 467 | 473 |
| Borrowings | 49 | 63 | 60 | 219 | 298 | 355 | 426 | 443 |
| Other Liabilities | 76 | 87 | 82 | 94 | 179 | 191 | 201 | 198 |
| Total Liabilities | 451 | 485 | 508 | 794 | 943 | 1.0k | 1.1k | 1.2k |
| AssetsFixed Assets | 175 | 207 | 199 | 398 | 536 | 608 | 628 | 628 |
| CWIP | 12 | 2 | 41 | 58 | 5 | 6 | 22 | 46 |
| Investments | 55 | 67 | 73 | 65 | 61 | 65 | 83 | 83 |
| Other Assets | 209 | 209 | 195 | 273 | 342 | 340 | 386 | 406 |
| Total Assets | 451 | 485 | 508 | 794 | 943 | 1.0k | 1.1k | 1.2k |
| Line item | FY14 | FY15 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 46 | 39 | 50 | 53 | 13 | 73 | 41 |
| Cash from Investing | -15 | -40 | -29 | -185 | -110 | -100 | -48 |
| Cash from Financing | -29 | 7 | 20 | 139 | 49 | 27 | -2 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 33 | 7 | 6 | -178 | -98 | -26 | -23 |
| 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.
GENUSPAPER · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.