50-year-old EPC contractor building transmission lines, substations, and towers for India's power grid.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 22 | 22 | 127 | 127 | 146 | 238 | 238 | 239 |
| Reserves | -9.6k | -11.4k | 54 | -70 | -139 | 349 | 270 | 261 |
| Borrowings | 7.0k | 7.4k | 1.7k | 1.8k | 1.9k | 2.0k | 2.0k | 2.1k |
| Other Liabilities | 4.2k | 5.3k | 316 | 426 | 428 | 425 | 456 | 342 |
| Total Liabilities | 1.7k | 1.4k | 2.2k | 2.3k | 2.4k | 3.0k | 2.9k | 2.9k |
| AssetsFixed Assets | 42 | 32 | 27 | 32 | 33 | 42 | 52 | 69 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 2 | 4 | 3 |
| Investments | 7 | 7 | 7 | 7 | 8 | 8 | 1 | 8 |
| Other Assets | 1.6k | 1.4k | 2.2k | 2.2k | 2.3k | 3.0k | 2.9k | 2.8k |
| Total Assets | 1.7k | 1.4k | 2.2k | 2.3k | 2.4k | 3.0k | 2.9k | 2.9k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -10 | -1 | -2 | -100 | -36 | -19 | -177 | -269 |
| Cash from Investing | 0 | 0 | 0 | 0 | -11 | -7 | -13 | -23 |
| Cash from Financing | 0 | 0 | 0 | 170 | -7 | 34 | 615 | -74 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -9 | -1 | -2 | -101 | -48 | -27 | -195 | -310 |
| 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.
JYOTISTRUC · CYCLICAL_UNMODELABLE
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