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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 12 | 12 | 12 | 12 | 37 | 37 | 37 | 37 |
| Reserves | -465 | -463 | -416 | -416 | -66 | -65 | -68 | -73 |
| Borrowings | 334 | 335 | 305 | 326 | 63 | 84 | 89 | 85 |
| Other Liabilities | 153 | 152 | 133 | 106 | 40 | 30 | 32 | 30 |
| Total Liabilities | 34 | 36 | 35 | 29 | 73 | 86 | 89 | 78 |
| AssetsFixed Assets | 17 | 13 | 13 | 13 | 47 | 48 | 48 | 47 |
| CWIP | 1 | 1 | 0 | 0 | 2 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 16 | 22 | 22 | 16 | 25 | 37 | 41 | 31 |
| Total Assets | 34 | 36 | 35 | 29 | 73 | 86 | 89 | 78 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -1 | -2 | -8 | -1 | -35 | -74 | -18 | 7 |
| Cash from Investing | -1 | 1 | 12 | 0 | 18 | 8 | -1 | 0 |
| Cash from Financing | 2 | 1 | -3 | 1 | 17 | 67 | 18 | -8 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -3 | -1 | 3 | -1 | -18 | -66 | -19 | 7 |
| FCF Margin | — | — | — | — | — | -120.6% | -29.7% | 12.5% |
| Ratio | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | YoY | 3-yr |
|---|---|---|---|---|---|---|---|---|---|---|
| Growth | — | — | — | — | — | — | 16.8% | -12.5% | −29.3 pp | Worsening |
| — | — | — | — | — | — | -99.2% | -447.2% | −347.9 pp | Worsening | |
| Profitability | — | — | — | — | — | -4.9% | -6.0% | -15.5% | −9.4 pp | Worsening |
| — | — | — | — | — | 537.8% | 3.6% | -14.2% | −17.8 pp | Worsening | |
| Returns | — | — | — | — | — | 403.0% | 2.7% | -10.2% | −12.9 pp | Worsening |
| Leverage | — | — | — | — | — | 106.83× | 1.75× | -0.01× | −1.76× | Worsening |
| Efficiency | — | — | — | — | — | 0.75× | 0.74× | 0.72× | −0.03× | Stable |
| — | — | — | — | — | -25.2% | -786.0% | — | −760.9 pp | Worsening |
Margins, returns, leverage and efficiency are computed from the filed statements (year-end balances). 3-yr compares the latest year with three years earlier; small moves read as stable.
Shareholding
As of Jun 2026 · 4,710 shareholders
Since Jun 2025, the public added +0.25 pp while DIIs trimmed −0.24 pp.
Last 12 disclosures
Percentages are as disclosed in the company's shareholding pattern filings. Named holders appear only above SEBI's 1% disclosure threshold, so a holder dropping off the list may have trimmed to just under 1% — or been re-filed under a new name — rather than exited.
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.
ROYALCU · CYCLICAL_UNMODELABLE
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