Mumbai-based speciality chemicals manufacturer of foundry resins/binders, polyurethane (PU) foam for footwear, and PU laminating adhesives for flexible packaging, operating two plants in Tarapur and Bengaluru.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 61 | 65 | 81 | 108 | 119 | 129 | 134 | 147 |
| Borrowings | 99 | 122 | 157 | 120 | 89 | 104 | 100 | 65 |
| Other Liabilities | 49 | 106 | 122 | 147 | 114 | 106 | 87 | 122 |
| Total Liabilities | 220 | 304 | 371 | 385 | 333 | 350 | 331 | 344 |
| AssetsFixed Assets | 84 | 79 | 77 | 73 | 71 | 72 | 69 | 67 |
| CWIP | 0 | 0 | 0 | 2 | 2 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 136 | 224 | 293 | 310 | 260 | 278 | 261 | 275 |
| Total Assets | 220 | 304 | 371 | 385 | 333 | 350 | 331 | 344 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -27 | 56 | -14 | -21 | 41 | 45 | -2 | 53 |
| Cash from Investing | -28 | -5 | 0 | -3 | 10 | -3 | -5 | -3 |
| Cash from Financing | 54 | -54 | 16 | 23 | -51 | -41 | 6 | -48 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -55 | 51 | -15 | -24 | 35 | 42 | -7 | 50 |
| 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.
IVP · CYCLICAL_UNMODELABLE
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