Chennai-based manufacturer of industrial and medical gases — liquid & gaseous oxygen, nitrogen and dissolved acetylene — supplied to hospitals and industry from plants in Tamil Nadu and Puducherry.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | -11 | -12 | -5 | -6 | -6 | -13 | -8 | -11 |
| Borrowings | 39 | 37 | 33 | 29 | 29 | 31 | 25 | 29 |
| Other Liabilities | 6 | 6 | 7 | 7 | 6 | 8 | 8 | 6 |
| Total Liabilities | 38 | 36 | 40 | 35 | 34 | 31 | 30 | 28 |
| AssetsFixed Assets | 29 | 26 | 24 | 22 | 22 | 20 | 18 | 18 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 3 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 9 | 9 | 15 | 13 | 11 | 11 | 8 | 6 |
| Total Assets | 38 | 36 | 40 | 35 | 34 | 31 | 30 | 28 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 8 | 5 | 7 | 12 | 2 | 1 | -0 | -1 |
| Cash from Investing | 3 | -0 | -1 | 0 | -1 | -4 | -0 | 5 |
| Cash from Financing | -11 | -4 | -6 | -7 | -6 | 1 | 0 | -3 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 11 | 4 | 6 | 12 | 1 | -3 | -0 | 3 |
| 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.
NOL · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.