Mumbai-based turnkey cleanroom and controlled-environment infrastructure specialist for pharma, biotech, healthcare and FMCG facilities, with a 22+ country execution footprint.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 |
| Reserves | 5 | 7 | 11 | 17 | 30 | 69 | 74 | 84 |
| Borrowings | 11 | 7 | 10 | 17 | 24 | 28 | 19 | 40 |
| Other Liabilities | 11 | 22 | 32 | 44 | 8 | 22 | 15 | 25 |
| Total Liabilities | 28 | 37 | 54 | 78 | 64 | 122 | 112 | 151 |
| AssetsFixed Assets | 7 | 10 | 8 | 7 | 9 | 8 | 7 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 1 |
| Other Assets | 20 | 26 | 45 | 70 | 54 | 114 | 104 | 143 |
| Total Assets | 28 | 37 | 54 | 78 | 64 | 122 | 112 | 151 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 2 | 8 | -1 | -4 | -12 | -22 | -14 |
| Cash from Investing | -1 | -4 | 2 | 0 | -2 | 0 | -1 |
| Cash from Financing | -1 | -4 | 2 | 6 | 10 | 31 | 9 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 2 | 4 | 0 | -4 | -15 | -22 | -14 |
| 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.
HVAX · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.