| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 23 |
| Reserves | -0 | -1 | -1 | -1 | -1 | -1 | -1 | 154 |
| Borrowings | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 58 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 36 |
| Total Liabilities | 2 | 1 | 1 | 1 | 1 | 3 | 2 | 271 |
| AssetsFixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 |
| Other Assets | 2 | 1 | 1 | 1 | 1 | 3 | 2 | 242 |
| Total Assets | 2 | 1 | 1 | 1 | 1 | 3 | 2 | 271 |
| Line item | FY26 |
|---|---|
| ActivitiesCash from Operating | -54 |
| Cash from Investing | -148 |
| Cash from Financing | 232 |
| SummaryCapital Expenditure | — |
| Free Cash Flow | -64 |
| FCF Margin | — |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
SHAHFOOD · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.