Gujarat-based manufacturer of recycled-wastepaper paperboard (duplex board, FBB, SBS) and writing/printing/copier paper, operating India's largest single-location paperboard unit (900 TPD) at Vapi/Sarigam.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 402 | 459 | 519 | 619 | 743 | 758 | 769 | 798 |
| Borrowings | 202 | 195 | 175 | 164 | 579 | 644 | 728 | 821 |
| Other Liabilities | 245 | 261 | 290 | 245 | 227 | 351 | 354 | 396 |
| Total Liabilities | 865 | 933 | 1.0k | 1.0k | 1.6k | 1.8k | 1.9k | 2.0k |
| AssetsFixed Assets | 572 | 584 | 501 | 483 | 1.1k | 1.2k | 1.2k | 1.2k |
| CWIP | 20 | 29 | 28 | 122 | 29 | 20 | 59 | 227 |
| Investments | 0 | 0 | 0 | 1 | 21 | 101 | 83 | 13 |
| Other Assets | 273 | 320 | 471 | 439 | 381 | 452 | 555 | 571 |
| Total Assets | 865 | 933 | 1.0k | 1.0k | 1.6k | 1.8k | 1.9k | 2.0k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 112 | 191 | 116 | 96 | 129 | 135 | 176 | 95 |
| Cash from Investing | -85 | -52 | -48 | -41 | -96 | -548 | -175 | -188 |
| Cash from Financing | -29 | -139 | -67 | -55 | -25 | 405 | -1 | 96 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 25 | 136 | 66 | 54 | 29 | -392 | 66 | -196 |
| 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.
NRAIL · CYCLICAL_UNMODELABLE
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