Rajasthan/Maharashtra-based tyre recycler that uses proprietary continuous pyrolysis technology to convert end-of-life tyres into recovered carbon black, pyrolysis oil and sodium silicate.
Price
Market Cap
Sector
Utilities
Rank
| Line item | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 19 | 25 | 25 | 25 | 25 |
| Reserves | 5 | 51 | 62 | 66 | 65 |
| Borrowings | 14 | 24 | 47 | 57 | 63 |
| Other Liabilities | 8 | 6 | 7 | 23 | 20 |
| Total Liabilities | 45 | 105 | 141 | 171 | 173 |
| AssetsFixed Assets | 18 | 22 | 69 | 67 | 68 |
| CWIP | 2 | 8 | 9 | 36 | 52 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 26 | 75 | 64 | 68 | 54 |
| Total Assets | 45 | 105 | 141 | 171 | 173 |
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ActivitiesCash from Operating | 10 | -2 | 12 | 16 |
| Cash from Investing | -6 | -38 | -44 | -30 |
| Cash from Financing | -4 | 50 | 22 | 14 |
| SummaryCapital Expenditure | — | — | — | — |
| Free Cash Flow | 4 | -15 | -40 | -37 |
| 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.
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