Pune-based manufacturer of specialty papers (food-grade, pharma, décor, printing, tissue) and hygienic hand-wash & cleaning equipment
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 270 | 301 | 333 | 387 | 483 | 573 | 622 | 660 |
| Borrowings | 74 | 58 | 77 | 57 | 22 | 14 | 12 | 43 |
| Other Liabilities | 162 | 179 | 178 | 172 | 200 | 166 | 202 | 208 |
| Total Liabilities | 516 | 548 | 597 | 626 | 715 | 763 | 845 | 920 |
| AssetsFixed Assets | 230 | 227 | 211 | 204 | 272 | 276 | 279 | 399 |
| CWIP | 29 | 29 | 92 | 94 | 20 | 28 | 101 | 21 |
| Investments | 53 | 107 | 70 | 52 | 150 | 150 | 115 | 128 |
| Other Assets | 203 | 185 | 224 | 276 | 274 | 310 | 350 | 372 |
| Total Assets | 516 | 548 | 597 | 626 | 715 | 763 | 845 | 920 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 14 | 52 | 86 | 17 | 31 | 133 | 82 | 121 |
| Cash from Investing | -21 | -31 | -50 | -28 | 4 | -95 | -35 | -136 |
| Cash from Financing | 7 | -21 | -32 | 9 | -31 | -43 | -17 | 2 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -7 | 45 | 83 | -54 | 24 | 126 | 57 | 9 |
| 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.
PDMJEPAPER · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.