| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 2 | 10 | 10 | 11 | 5 | -7 | -11 | -16 |
| Borrowings | 51 | 41 | 39 | 30 | 28 | 26 | 25 | 26 |
| Other Liabilities | 93 | 116 | 129 | 111 | 83 | 68 | 69 | 67 |
| Total Liabilities | 153 | 173 | 186 | 159 | 123 | 94 | 90 | 84 |
| AssetsFixed Assets | 71 | 76 | 87 | 87 | 84 | 80 | 79 | 77 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 82 | 97 | 98 | 71 | 38 | 13 | 11 | 6 |
| Total Assets | 153 | 173 | 186 | 159 | 123 | 94 | 90 | 84 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -41 | 25 | 15 | 15 | 15 | 4 | 3 | -3 |
| Cash from Investing | -1 | -6 | 3 | -12 | -2 | 0 | 0 | 0 |
| Cash from Financing | 42 | -16 | -15 | -5 | -13 | -4 | -4 | 1 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -42 | 16 | 7 | 0 | 12 | 4 | 3 | -3 |
| FCF Margin | — | — | — | — | — | — | — | — |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
OSWALOR · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.