Makes 55-tonne e-tractors with battery-swapping (EIM) and runs solar power plants in Maharashtra & Karnataka.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 120 | 120 | 134 | 138 | 154 | 179 | 179 | 179 |
| Reserves | -133 | 43 | 69 | 55 | -7 | 160 | 215 | 244 |
| Borrowings | 373 | 177 | 164 | 117 | 148 | 224 | 386 | 502 |
| Other Liabilities | 141 | 60 | 85 | 145 | 108 | 88 | 137 | 206 |
| Total Liabilities | 501 | 400 | 453 | 455 | 404 | 651 | 916 | 1.1k |
| AssetsFixed Assets | 178 | 174 | 190 | 187 | 257 | 318 | 653 | 870 |
| CWIP | 1 | 1 | 3 | 31 | 24 | 129 | 47 | 22 |
| Investments | 0 | 0 | 0 | 0 | 0 | 48 | 51 | 41 |
| Other Assets | 323 | 225 | 260 | 237 | 123 | 156 | 165 | 198 |
| Total Assets | 501 | 400 | 453 | 455 | 404 | 651 | 916 | 1.1k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 16 | -29 | 53 | 19 | 122 | 61 | 71 | 172 |
| Cash from Investing | -70 | 57 | 1 | -23 | -30 | -81 | -159 | -443 |
| Cash from Financing | 66 | -27 | -58 | -13 | -85 | 22 | 147 | 278 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 74 | -39 | 47 | -12 | 84 | -15 | -106 | -284 |
| 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.
RELTD · CYCLICAL_UNMODELABLE
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