| Line item | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 14 | 14 | 19 | 28 | 28 |
| Reserves | 3 | 199 | 324 | 339 | 345 |
| Borrowings | 23 | 240 | 359 | 314 | 354 |
| Other Liabilities | 9 | 9 | 10 | 62 | 66 |
| Total Liabilities | 49 | 462 | 711 | 742 | 795 |
| AssetsFixed Assets | 22 | 17 | 19 | 20 | 18 |
| CWIP | 4 | 222 | 331 | 343 | 359 |
| Investments | 1 | 24 | 13 | 26 | 2 |
| Other Assets | 22 | 199 | 348 | 354 | 417 |
| Total Assets | 49 | 462 | 711 | 742 | 795 |
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ActivitiesCash from Operating | 2 | 25 | -61 | -33 |
| Cash from Investing | -4 | -238 | -101 | -52 |
| Cash from Financing | 1 | 215 | 190 | 78 |
| SummaryCapital Expenditure | — | — | — | — |
| Free Cash Flow | -1 | -190 | -167 | -60 |
| 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.
HBGHOTELS · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.