Kolkata holding company that demerged its cement business into UltraTech Cement (FY25) and now runs a rayon, transparent-paper and chemicals business through wholly-owned subsidiary Cygnet Industries.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 143 | 165 | 244 | 311 | 311 | 311 | 311 | 311 |
| Reserves | -240 | 33 | 266 | 163 | -216 | 141 | 36 | 59 |
| Borrowings | 2.2k | 2.0k | 1.9k | 1.9k | 2.3k | 199 | 199 | 219 |
| Other Liabilities | 1.1k | 998 | 1.0k | 1.0k | 1.0k | 162 | 109 | 77 |
| Total Liabilities | 3.2k | 3.2k | 3.4k | 3.4k | 3.4k | 813 | 655 | 666 |
| AssetsFixed Assets | 2.2k | 2.1k | 2.0k | 1.7k | 1.7k | 602 | 501 | 539 |
| CWIP | 31 | 33 | 49 | 65 | 34 | 5 | 5 | 3 |
| Investments | 70 | 77 | 74 | 82 | 80 | 71 | 34 | 11 |
| Other Assets | 944 | 1.0k | 1.3k | 1.6k | 1.5k | 134 | 115 | 113 |
| Total Assets | 3.2k | 3.2k | 3.4k | 3.4k | 3.4k | 813 | 655 | 666 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 775 | 787 | 259 | 324 | 131 | -77 | 37 | -107 |
| Cash from Investing | 354 | -877 | -150 | -63 | 49 | 75 | 7 | 99 |
| Cash from Financing | -1.8k | -218 | 201 | -224 | -248 | -4 | -49 | -2 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 744 | 754 | 233 | 289 | 66 | -79 | 40 | -76 |
| FCF Margin | — | — | — | — | — | — | — | — |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
KESORAMIND · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.