Delhi-headquartered manufacturer that recycles waste paper into Kraft paper (corrugation, fluting, carry-bag grades) at its Shamli, UP plant, powered by captive waste-to-energy and solar generation.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 9 | 9 | 18 | 18 | 25 | 25 |
| Reserves | 16 | 19 | 37 | 46 | 63 | 86 | 149 | 154 |
| Borrowings | 82 | 153 | 125 | 163 | 189 | 223 | 240 | 237 |
| Other Liabilities | 9 | 15 | 64 | 39 | 34 | 56 | 59 | 74 |
| Total Liabilities | 111 | 192 | 235 | 257 | 304 | 383 | 473 | 490 |
| AssetsFixed Assets | 24 | 99 | 88 | 79 | 96 | 86 | 81 | 77 |
| CWIP | 32 | 1 | 6 | 19 | 0 | 2 | 14 | 80 |
| Investments | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 56 | 92 | 140 | 157 | 207 | 293 | 376 | 332 |
| Total Assets | 111 | 192 | 235 | 257 | 304 | 383 | 473 | 490 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -1 | -10 | 28 | -13 | -12 | -20 | 19 |
| Cash from Investing | -32 | -48 | -11 | -14 | -3 | -2 | -78 |
| Cash from Financing | 34 | 59 | -16 | 27 | 18 | 17 | 60 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | -33 | -58 | 17 | -27 | -15 | -22 | -59 |
| 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.
NIKITA · CYCLICAL_UNMODELABLE
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