North India manufacturer of caustic soda at its Alwar, Rajasthan plant, with downstream chlor-alkali derivatives (Chlorinated Paraffin Wax, hydrochloric acid, sodium hypochlorite, hydrogen) and captive solar/hybrid renewable power.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 29 |
| Reserves | 61 | 59 | 91 | 144 | 139 | 157 | 176 | 214 |
| Borrowings | 61 | 65 | 42 | 22 | 43 | 132 | 147 | 174 |
| Other Liabilities | 24 | 31 | 42 | 46 | 55 | 62 | 68 | 62 |
| Total Liabilities | 171 | 180 | 200 | 238 | 262 | 376 | 416 | 479 |
| AssetsFixed Assets | 120 | 121 | 126 | 124 | 135 | 271 | 271 | 262 |
| CWIP | 0 | 1 | 0 | 11 | 24 | 0 | 3 | 44 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 10 |
| Other Assets | 51 | 58 | 74 | 103 | 103 | 105 | 132 | 163 |
| Total Assets | 171 | 180 | 200 | 238 | 262 | 376 | 416 | 479 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 38 | 6 | -2 | 67 | 69 | -14 | 9 | 27 |
| Cash from Investing | -19 | 0 | -1 | -6 | -15 | -31 | -125 | -63 |
| Cash from Financing | -11 | -11 | -3 | -30 | -24 | 18 | 94 | 63 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 19 | 6 | -3 | 60 | 52 | -48 | -117 | -27 |
| 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.
LORDSCHLO · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.