India's only listed maker of PVC solid-woven conveyor belting, supplying fully-integrated mining and industrial belting to coal, potash and other bulk-material handling customers in India and abroad.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 116 | 147 | 210 | 209 | 267 | 355 | 385 | 418 |
| Borrowings | 63 | 46 | 20 | 65 | 125 | 86 | 118 | 73 |
| Other Liabilities | 22 | 28 | 69 | 31 | 42 | 60 | 50 | 71 |
| Total Liabilities | 207 | 228 | 305 | 311 | 439 | 508 | 560 | 569 |
| AssetsFixed Assets | 15 | 17 | 17 | 16 | 15 | 14 | 13 | 15 |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 102 | 147 | 119 | 157 | 252 | 299 | 330 | 328 |
| Other Assets | 89 | 64 | 168 | 138 | 172 | 195 | 217 | 226 |
| Total Assets | 207 | 228 | 305 | 311 | 439 | 508 | 560 | 569 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 5 | 3 | 49 | 37 | 4 | 12 | 15 | 35 |
| Cash from Investing | -32 | 46 | -26 | 1 | -18 | -48 | 43 | -5 |
| Cash from Financing | 26 | -49 | -24 | -37 | 15 | 34 | -54 | -25 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -8 | 3 | 47 | 34 | 3 | 11 | 15 | 31 |
| FCF Margin | — | — | — | — | — | — | — | — |
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.
INTLCONV · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.