Indian manufacturer of NIPPO-brand zinc-carbon dry-cell batteries and traded consumer electricals, with a majority-owned composites subsidiary (Kineco) serving railways, aerospace and defence.
Price
Market Cap
Sector
Fast Moving Consumer Goods
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 211 | 238 | 236 | 228 | 232 | 434 | 394 | 299 |
| Borrowings | 121 | 123 | 124 | 132 | 140 | 53 | 41 | 34 |
| Other Liabilities | 161 | 148 | 147 | 151 | 223 | 230 | 130 | 94 |
| Total Liabilities | 496 | 513 | 511 | 515 | 599 | 721 | 569 | 431 |
| AssetsFixed Assets | 188 | 182 | 215 | 226 | 254 | 223 | 156 | 170 |
| CWIP | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 96 | 154 | 61 |
| Other Assets | 307 | 330 | 294 | 284 | 343 | 398 | 255 | 193 |
| Total Assets | 496 | 513 | 511 | 515 | 599 | 721 | 569 | 431 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -19 | 10 | 11 | 35 | 36 | 44 | -56 | 40 |
| Cash from Investing | -7 | 1 | 5 | -35 | -28 | -38 | 80 | 17 |
| Cash from Financing | 29 | -9 | -10 | -20 | -9 | -9 | -19 | -58 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -40 | -4 | 1 | -10 | 6 | 0 | -97 | 14 |
| 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.
NIPPOBATRY · CYCLICAL_UNMODELABLE
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