Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 28 | 31 | 33 | 30 | 31 | 33 | 35 | 36 |
| Borrowings | 0 | 1 | 4 | 3 | 2 | 5 | 15 | 14 |
| Other Liabilities | 26 | 32 | 36 | 27 | 13 | 25 | 23 | 46 |
| Total Liabilities | 61 | 70 | 79 | 69 | 55 | 73 | 82 | 106 |
| AssetsFixed Assets | 3 | 4 | 5 | 4 | 4 | 4 | 3 | 3 |
| CWIP | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Investments | 2 | 3 | 3 | 2 | 6 | 6 | 7 | 7 |
| Other Assets | 54 | 62 | 69 | 61 | 44 | 62 | 70 | 95 |
| Total Assets | 61 | 70 | 79 | 69 | 55 | 73 | 82 | 106 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 11 | -23 | 8 | 2 | -8 | -2 | -15 | -22 |
| Cash from Investing | 1 | 28 | -9 | -4 | 9 | 5 | 16 | 9 |
| Cash from Financing | -14 | -4 | -1 | 2 | -2 | -2 | 2 | 7 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 12 | 4 | -3 | -3 | -8 | -2 | -15 | -20 |
| 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.
SARTHAKIND · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.