Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 3 | 3 | — | 17 | 17 | 17 | 17 |
| Reserves | 10 | 11 | — | 29 | 41 | 50 | 45 |
| Borrowings | 30 | 30 | — | 19 | 13 | 18 | 22 |
| Other Liabilities | 15 | 12 | — | 33 | 20 | 18 | 15 |
| Total Liabilities | 59 | 55 | — | 99 | 91 | 103 | 100 |
| AssetsFixed Assets | 3 | 2 | — | 2 | 4 | 4 | 3 |
| CWIP | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Other Assets | 56 | 53 | — | 97 | 87 | 99 | 97 |
| Total Assets | 59 | 55 | — | 99 | 91 | 103 | 100 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -3 | 2 | — | -17 | 16 | 8 |
| Cash from Investing | -0 | -0 | — | -4 | -4 | -1 |
| Cash from Financing | 2 | -4 | — | 21 | -9 | 6 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | -3 | 2 | — | -18 | 12 | 8 |
| 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.
TECHLABS · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.