GMR power arm: thermal/hydro/solar/wind plants, UP smart-meter rollout, toll roads and a TN land bank.
Price
Market Cap
Sector
Utilities
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 302 | 302 | 302 | 302 | 357 | 357 | 391 |
| Reserves | -2.1k | -2.5k | -2.9k | -3.2k | 229 | 1.1k | 1.5k |
| Borrowings | 11.7k | 10.4k | 8.2k | 13.9k | 10.3k | 11.6k | 11.6k |
| Other Liabilities | 5.5k | 5.8k | 6.2k | 8.5k | 6.1k | 3.6k | 3.6k |
| Total Liabilities | 15.4k | 14.1k | 11.8k | 19.5k | 17.0k | 16.6k | 17.1k |
| AssetsFixed Assets | 3.1k | 3.0k | 2.9k | 10.9k | 8.2k | 8.0k | 7.9k |
| CWIP | 0 | 0 | 0 | 358 | 505 | 461 | 454 |
| Investments | 5.5k | 5.0k | 2.1k | 650 | 365 | 509 | 936 |
| Other Assets | 6.8k | 6.1k | 6.8k | 7.5k | 7.9k | 7.6k | 7.7k |
| Total Assets | 15.4k | 14.1k | 11.8k | 19.5k | 17.0k | 16.6k | 17.1k |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 588 | 1.2k | 1.2k | 1.7k | 2.8k | 1.3k |
| Cash from Investing | 692 | 1.3k | 3.1k | -902 | -157 | -809 |
| Cash from Financing | -1.6k | -2.2k | -3.8k | -1.3k | -2.4k | -583 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | 599 | 1.3k | 1.3k | 1.7k | 2.7k | 1.2k |
| 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.
GMRP&UI · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.