India-headquartered apparel manufacturer making garments for global fashion brands across 5 countries.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 22 | 22 | 22 | 22 | 22 | 23 | 23 | 23 |
| Reserves | 479 | 496 | 577 | 701 | 780 | 1.1k | 1.3k | 1.4k |
| Borrowings | 463 | 440 | 645 | 558 | 588 | 773 | 746 | 943 |
| Other Liabilities | 288 | 339 | 538 | 501 | 595 | 667 | 750 | 842 |
| Total Liabilities | 1.3k | 1.3k | 1.8k | 1.8k | 2.0k | 2.6k | 2.8k | 3.2k |
| AssetsFixed Assets | 422 | 390 | 448 | 500 | 612 | 727 | 783 | 818 |
| CWIP | 36 | 47 | 15 | 33 | 35 | 44 | 53 | 113 |
| Investments | 38 | 55 | 55 | 60 | 30 | 24 | 161 | 36 |
| Other Assets | 756 | 804 | 1.3k | 1.2k | 1.3k | 1.8k | 1.8k | 2.3k |
| Total Assets | 1.3k | 1.3k | 1.8k | 1.8k | 2.0k | 2.6k | 2.8k | 3.2k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 75 | 64 | 95 | -92 | 365 | 352 | 176 | 398 |
| Cash from Investing | -59 | -85 | -26 | -40 | -26 | -128 | -104 | -158 |
| Cash from Financing | -14 | 15 | -62 | 153 | -200 | -152 | 101 | -46 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 4 | -32 | 64 | -142 | 325 | 229 | 81 | 208 |
| 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.
PGIL · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.