| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 39 | 39 | 39 | 39 | 39 | 59 | 59 | 59 |
| Reserves | -33 | -56 | -82 | -162 | -231 | 0 | -19 | -126 |
| Borrowings | 155 | 247 | 802 | 1.3k | 1.5k | 1.5k | 1.6k | 1.7k |
| Other Liabilities | 50 | 73 | 139 | 180 | 265 | 183 | 269 | 242 |
| Total Liabilities | 211 | 302 | 898 | 1.4k | 1.5k | 1.7k | 1.9k | 1.9k |
| AssetsFixed Assets | 135 | 128 | 112 | 35 | 1.0k | 1.1k | 1.2k | 1.2k |
| CWIP | 6 | 31 | 464 | 905 | 138 | 113 | 29 | 35 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 71 | 143 | 323 | 451 | 370 | 463 | 672 | 675 |
| Total Assets | 211 | 302 | 898 | 1.4k | 1.5k | 1.7k | 1.9k | 1.9k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -5 | -11 | -4 | -113 | -110 | 253 | -56 | 85 |
| Cash from Investing | -3 | -6 | -75 | -362 | -342 | -254 | -210 | -232 |
| Cash from Financing | 8 | 17 | 86 | 479 | 448 | 8 | 261 | 146 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -8 | -18 | -84 | -475 | -459 | -1 | -268 | -151 |
| 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.
SHIVACEM · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.