Ahmedabad-based EPCC and integrated O&M services provider for oil & gas, power, data-center, industrial and renewable-energy projects across India, with select overseas work in Malaysia and Thailand.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 0 | 0 | 0 | 7 | 10 | 11 | 10 |
| Reserves | 3 | 4 | 7 | 24 | 83 | 90 | 92 |
| Borrowings | 5 | 6 | 14 | 30 | 27 | 58 | 73 |
| Other Liabilities | 2 | 8 | 12 | 21 | 31 | 31 | 23 |
| Total Liabilities | 10 | 18 | 33 | 82 | 151 | 190 | 198 |
| AssetsFixed Assets | 0 | 1 | 2 | 2 | 2 | 4 | 8 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 10 | 17 | 32 | 81 | 149 | 186 | 190 |
| Total Assets | 10 | 18 | 33 | 82 | 151 | 190 | 198 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | — | -1 | -6 | -22 | -39 | -30 |
| Cash from Investing | — | -1 | -1 | -1 | 0 | -6 |
| Cash from Financing | — | 1 | 8 | 23 | 40 | 39 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | — | -2 | -8 | -23 | -40 | -37 |
| 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.
LAKSHYA · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.