India's largest ethanol producer, running 5 multi-feed distilleries, CBG plants and a retail fuel network.
Price
Market Cap
Sector
Fast Moving Consumer Goods
Rank
| Line item | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 61 | 61 | 71 | 86 | 86 |
| Reserves | 179 | 204 | 698 | 1.3k | 1.4k |
| Borrowings | 1.1k | 1.7k | 1.6k | 1.5k | 1.7k |
| Other Liabilities | 465 | 469 | 704 | 430 | 606 |
| Total Liabilities | 1.9k | 2.4k | 3.0k | 3.4k | 3.8k |
| AssetsFixed Assets | 1.3k | 1.4k | 1.8k | 1.8k | 2.2k |
| CWIP | 10 | 201 | 3 | 236 | 68 |
| Investments | 0 | 10 | 4 | 5 | 4 |
| Other Assets | 545 | 780 | 1.2k | 1.3k | 1.5k |
| Total Assets | 1.9k | 2.4k | 3.0k | 3.4k | 3.8k |
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ActivitiesCash from Operating | 233 | 35 | 329 | -296 |
| Cash from Investing | -1.1k | -384 | -243 | -413 |
| Cash from Financing | 920 | 367 | 40 | 648 |
| SummaryCapital Expenditure | — | — | — | — |
| Free Cash Flow | -42 | -321 | 70 | -806 |
| 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.
TRUALT · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.