| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 |
| Reserves | 8 | 7 | 7 | 8 | 8 | 8 | 8 | 44 |
| Borrowings | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 161 |
| Other Liabilities | 0 | 0 | 2 | 5 | 0 | 1 | 0 | 14 |
| Total Liabilities | 8 | 8 | 11 | 14 | 9 | 9 | 9 | 223 |
| AssetsFixed Assets | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 50 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61 |
| Investments | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 1 |
| Other Assets | 7 | 7 | 9 | 13 | 7 | 8 | 6 | 111 |
| Total Assets | 8 | 8 | 11 | 14 | 9 | 9 | 9 | 223 |
| Line item | FY25 | FY26 |
|---|---|---|
| ActivitiesCash from Operating | 1 | -72 |
| Cash from Investing | -0 | -130 |
| Cash from Financing | 0 | 203 |
| SummaryCapital Expenditure | — | — |
| Free Cash Flow | 1 | -179 |
| 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.
SJCORP · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.