| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 35 | 35 | 45 | 75 | 75 | 75 | 75 | 75 |
| Reserves | 22 | 23 | 24 | 25 | 27 | 27 | 20 | 14 |
| Borrowings | 33 | 42 | 50 | 43 | 44 | 24 | 26 | 18 |
| Other Liabilities | 52 | 55 | 44 | 22 | 24 | 14 | 14 | 44 |
| Total Liabilities | 142 | 155 | 163 | 164 | 169 | 140 | 136 | 151 |
| AssetsFixed Assets | 53 | 50 | 46 | 52 | 47 | 39 | 37 | 33 |
| CWIP | 7 | 7 | 8 | 7 | 7 | 7 | 8 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 83 | 98 | 109 | 106 | 114 | 94 | 91 | 108 |
| Total Assets | 142 | 155 | 163 | 164 | 169 | 140 | 136 | 151 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 8 | -4 | -2 | 5 | 3 | 5 | 25 | 0 |
| Cash from Investing | -2 | -5 | -2 | -2 | -6 | -1 | 4 | 0 |
| Cash from Financing | -8 | 9 | 1 | 0 | 0 | -4 | -26 | 0 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 5 | -9 | -5 | 3 | -4 | 4 | 28 | -1 |
| 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.
PARVATI · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.