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| Line item | FY12 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 4 | 34 | 34 | 34 | 46 | 46 | 46 | 46 |
| Reserves | 0 | 27 | -15 | -10 | 12 | 22 | 27 | 30 | 27 |
| Borrowings | 0 | 14 | 16 | 19 | 79 | 113 | 137 | 146 | 128 |
| Other Liabilities | 9 | 7 | 5 | 8 | 31 | 54 | 58 | 52 | 52 |
| Total Liabilities | 12 | 51 | 40 | 51 | 156 | 234 | 268 | 274 | 253 |
| AssetsFixed Assets | 6 | 17 | 15 | 17 | 57 | 62 | 58 | 62 | 60 |
| CWIP | 0 | 14 | 14 | 13 | 14 | 20 | 26 | 23 | 27 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 7 | 21 | 11 | 22 | 85 | 151 | 184 | 189 | 166 |
| Total Assets | 12 | 51 | 40 | 51 | 156 | 234 | 268 | 274 | 253 |
| Line item | FY11 | FY12 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 1 | 2 | 6 | 0 | 4 | 16 | -30 | -7 | 32 |
| Cash from Investing | -3 | 0 | -4 | -1 | -1 | -47 | -16 | 25 | -13 |
| Cash from Financing | 2 | -1 | -1 | 0 | -3 | 33 | 44 | -18 | -15 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -2 | 2 | 2 | 0 | 3 | -25 | -47 | -8 | 23 |
| FCF Margin | — | — | — | — | — | — | -28.3% | -6.1% | — |
| Ratio | FY12 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | YoY | 3-yr |
|---|---|---|---|---|---|---|---|---|---|---|
| Growth | — | — | — | — | — | — | -21.7% | 5.8% | +27.5 pp | Improving |
| — | — | — | — | — | — | -156.1% | — | |||
| Profitability | — | — | — | — | — | 14.1% | 6.4% | 7.0% | +0.6 pp | Worsening |
| — | — | — | — | — | 6.6% | -4.7% | 1.6% | +6.3 pp | Worsening | |
| Returns | — | — | — | — | — | 16.0% | -8.4% | — | −24.4 pp | Worsening |
| — | — | — | — | — | 11.5% | 2.2% | — | −9.3 pp | Worsening | |
| — | — | — | — | — | 4.7% | -2.3% | — | −6.9 pp | Worsening | |
| Leverage | 0.00× | 0.45× | 0.84× | 0.79× | 1.72× | 1.66× | 1.88× | — | +0.21× | Worsening |
| — | — | — | — | — | 2.11× | 0.45× | 1.03× | +0.59× | Worsening | |
| Efficiency | — | — | — | — | — | 0.71× | 0.49× | — | −0.22× | Worsening |
| — | — | — | — | — | -275.2% | — | — |
Margins, returns, leverage and efficiency are computed from the filed statements (year-end balances). 3-yr compares the latest year with three years earlier; small moves read as stable.
Shareholding
As of Jun 2026 · 25,811 shareholders
Since Jun 2025, promoters trimmed −0.36 pp while the public added +0.32 pp.
Last 12 disclosures
Percentages are as disclosed in the company's shareholding pattern filings. Named holders appear only above SEBI's 1% disclosure threshold, so a holder dropping off the list may have trimmed to just under 1% — or been re-filed under a new name — rather than exited.
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.
INDRANIB · CYCLICAL_UNMODELABLE
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