Navi Mumbai-based asset-light NVOCC (Non-Vessel Owning Common Carrier) running an owned/leased container fleet, freight forwarding, container trading and yard services across Indian ports, ICDs and a Dubai-anchored subsidiary network.
Price
Market Cap
Sector
Services
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 10 | 30 | 31 | 114 | 119 | 125 | 125 | 177 |
| Reserves | 35 | 43 | 153 | 286 | 336 | 362 | 364 | 524 |
| Borrowings | 22 | 42 | 283 | 113 | 102 | 66 | 50 | 29 |
| Other Liabilities | 59 | 86 | 60 | 49 | 62 | 50 | 38 | 109 |
| Total Liabilities | 126 | 202 | 526 | 562 | 619 | 603 | 578 | 839 |
| AssetsFixed Assets | 65 | 81 | 131 | 142 | 247 | 461 | 452 | 651 |
| CWIP | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 6 | 2 | 5 | 7 | 8 | 8 | 1 | 1 |
| Other Assets | 55 | 113 | 390 | 413 | 364 | 135 | 125 | 187 |
| Total Assets | 126 | 202 | 526 | 562 | 619 | 603 | 578 | 839 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 17 | 32 | 47 | -223 | 43 | 310 | 9 |
| Cash from Investing | -6 | -6 | -15 | -61 | -40 | -339 | 30 |
| Cash from Financing | -9 | -13 | -2 | 277 | -8 | 24 | -46 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 11 | 28 | 33 | -283 | 3 | -32 | 29 |
| 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.
LANCER · CYCLICAL_UNMODELABLE
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