Ichalkaranji (Maharashtra)-based manufacturer and exporter of greige and finished cotton fabrics with 1,000+ SKUs for apparel, home-textile, medical and industrial uses, run on an asset-light manufacturing-plus-outsourcing model.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 3 | 3 | 3 | 3 | 3 | 25 | 25 | 25 |
| Reserves | 26 | 27 | 29 | 33 | 42 | 87 | 93 | 102 |
| Borrowings | 37 | 44 | 41 | 49 | 48 | 35 | 44 | 54 |
| Other Liabilities | 77 | 71 | 114 | 110 | 150 | 149 | 202 | 210 |
| Total Liabilities | 142 | 144 | 187 | 195 | 242 | 295 | 363 | 391 |
| AssetsFixed Assets | 12 | 11 | 9 | 8 | 9 | 9 | 10 | 10 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 |
| Investments | 4 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 127 | 129 | 179 | 187 | 233 | 286 | 352 | 373 |
| Total Assets | 142 | 144 | 187 | 195 | 242 | 295 | 363 | 391 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 5 | 1 | 11 | -2 | 17 | -11 | 19 |
| Cash from Investing | -4 | -2 | 2 | 0 | 0 | 2 | -8 |
| Cash from Financing | 0 | 0 | -12 | -1 | -15 | 25 | -2 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 5 | 1 | 10 | -4 | 15 | -12 | 9 |
| 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.
KEN · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.