Goa-based manufacturer of plastic and glass ophthalmic lenses, sold domestically and through US, UAE, Dubai and South Africa subsidiaries amid rising Chinese import competition.
Price
Market Cap
Sector
Healthcare
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 54 | 58 | 58 | 58 | 55 | 47 | 48 | 48 |
| Borrowings | 15 | 12 | 12 | 11 | 11 | 14 | 15 | 12 |
| Other Liabilities | 28 | 32 | 35 | 38 | 43 | 59 | 74 | 68 |
| Total Liabilities | 102 | 107 | 110 | 112 | 114 | 125 | 141 | 132 |
| AssetsFixed Assets | 26 | 24 | 23 | 19 | 18 | 17 | 17 | 15 |
| CWIP | 0 | 1 | 3 | 4 | 4 | 4 | 4 | 4 |
| Investments | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Other Assets | 75 | 80 | 82 | 87 | 91 | 102 | 119 | 111 |
| Total Assets | 102 | 107 | 110 | 112 | 114 | 125 | 141 | 132 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 4 | 3 | 7 | 5 | -3 | 4 | -3 | -4 |
| Cash from Investing | -10 | -4 | -17 | -4 | 1 | -2 | 3 | 9 |
| Cash from Financing | 13 | 4 | 3 | -2 | -2 | -2 | 1 | -6 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -6 | 0 | 1 | 0 | -2 | 2 | -6 | -5 |
| 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.
GKB · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.