Managed learning services (L&D outsourcing) provider ranked top-3 globally, serving 100+ enterprise clients.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 116 | 27 | 27 | 27 | 27 | 28 |
| Reserves | 261 | 465 | 555 | 674 | 1.3k | 772 |
| Borrowings | 1 | 0 | 29 | 26 | 260 | 21 |
| Other Liabilities | 105 | 110 | 110 | 125 | 974 | 141 |
| Total Liabilities | 482 | 602 | 722 | 852 | 2.6k | 961 |
| AssetsFixed Assets | 14 | 35 | 80 | 109 | 848 | 118 |
| CWIP | 2 | 12 | 24 | 10 | 0 | 0 |
| Investments | 193 | 377 | 420 | 472 | 485 | 571 |
| Other Assets | 272 | 179 | 198 | 261 | 1.2k | 272 |
| Total Assets | 482 | 602 | 722 | 852 | 2.6k | 961 |
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ActivitiesCash from Operating | 51 | 64 | 85 | 84 | 104 |
| Cash from Investing | -52 | -63 | -44 | -57 | -70 |
| Cash from Financing | -1 | 0 | -32 | -37 | -34 |
| SummaryCapital Expenditure | — | — | — | — | — |
| Free Cash Flow | 42 | 25 | 43 | 40 | 61 |
| 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.
NIITMTS · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.