| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 5 | 35 | 55 | 64 | 64 |
| Reserves | 30 | 30 | 31 | 33 | 9 | 56 | 82 | 69 |
| Borrowings | 0 | 3 | 9 | 12 | 12 | 1 | 18 | 0 |
| Other Liabilities | 48 | 23 | 18 | 45 | 36 | 23 | 51 | 19 |
| Total Liabilities | 83 | 61 | 62 | 95 | 92 | 136 | 214 | 152 |
| AssetsFixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 2 | 56 | 0 | 64 |
| Other Assets | 82 | 60 | 61 | 94 | 90 | 80 | 214 | 87 |
| Total Assets | 83 | 61 | 62 | 95 | 92 | 136 | 214 | 152 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 19 | 4 | -2 | -5 | -3 | 1 | -3 | -1 |
| Cash from Investing | -0 | 0 | 0 | 0 | -0 | -0 | -54 | -12 |
| Cash from Financing | -19 | -5 | 2 | 5 | 3 | -1 | 57 | 18 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 19 | 4 | -2 | -5 | -3 | 1 | -3 | -1 |
| 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.
POOJAENT · CYCLICAL_UNMODELABLE
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