India's largest managed-office platform, leasing bare-shell buildings and running them as enterprise campuses.
Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 77 | 77 | 77 | 78 | 79 | 103 | 114 | 114 |
| Reserves | 161 | 107 | 37 | -46 | -29 | 5 | 395 | 416 |
| Borrowings | 61 | 134 | 248 | 3.9k | 3.4k | 3.7k | 4.4k | 4.8k |
| Other Liabilities | 1.1k | 1.2k | 2.5k | 529 | 661 | 806 | 920 | 1.2k |
| Total Liabilities | 1.4k | 1.5k | 2.9k | 4.5k | 4.1k | 4.7k | 5.8k | 6.5k |
| AssetsFixed Assets | 1.1k | 1.2k | 2.3k | 3.7k | 3.4k | 3.8k | 4.7k | 5.2k |
| CWIP | 21 | 13 | 89 | 52 | 72 | 139 | 56 | 56 |
| Investments | 114 | 0 | 0 | 0 | 11 | 11 | 2 | 2 |
| Other Assets | 158 | 307 | 442 | 697 | 652 | 721 | 1.0k | 1.2k |
| Total Assets | 1.4k | 1.5k | 2.9k | 4.5k | 4.1k | 4.7k | 5.8k | 6.5k |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 114 | 153 | 216 | 532 | 743 | 929 | 1.2k |
| Cash from Investing | -219 | -41 | -95 | -307 | -192 | -276 | -501 |
| Cash from Financing | 113 | -161 | -109 | -171 | -577 | -638 | -621 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 8 | 86 | 105 | 235 | 480 | 638 | 810 |
| 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.
SMARTWORKS · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.