Ludhiana-based yarn (textile-spinning) manufacturer, part of the Oswal Group, now running only its Nalagarh (HP) plant after shutting the Bathinda and Ludhiana units, and monetizing that idle land via a new Real Estate segment.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 22 | 22 | 22 | 22 | 27 | 46 | 46 | 48 |
| Reserves | -313 | -370 | -386 | -385 | -388 | -273 | -266 | -245 |
| Borrowings | 490 | 523 | 529 | 447 | 76 | 50 | 49 | 55 |
| Other Liabilities | 113 | 130 | 161 | 206 | 560 | 454 | 458 | 425 |
| Total Liabilities | 313 | 306 | 326 | 291 | 276 | 276 | 286 | 283 |
| AssetsFixed Assets | 195 | 182 | 170 | 159 | 130 | 114 | 99 | 95 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 117 | 123 | 156 | 133 | 146 | 160 | 185 | 188 |
| Total Assets | 313 | 306 | 326 | 291 | 276 | 276 | 286 | 283 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 63 | 13 | 24 | 61 | 40 | -14 | -98 | -30 |
| Cash from Investing | -1 | 0 | -1 | -1 | -1 | 26 | 31 | 20 |
| Cash from Financing | -64 | -14 | -23 | -61 | -39 | -12 | 67 | 10 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 62 | 13 | 22 | 61 | 39 | 12 | -75 | -28 |
| 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.
VARDMNPOLY · CYCLICAL_UNMODELABLE
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