Rajasthan-based water-soluble-polymers manufacturer (plants at Sri Ganganagar and Bikaner) that has been non-operational since 2022 under insolvency resolution (CIRP).
Price
Market Cap
Sector
Fast Moving Consumer Goods
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 1.1k | 1.0k | 852 | 820 | 793 | 767 | 749 | 700 |
| Borrowings | 131 | 106 | 307 | 307 | 307 | 307 | 307 | 307 |
| Other Liabilities | 419 | 443 | 345 | 351 | 352 | 354 | 354 | 355 |
| Total Liabilities | 1.7k | 1.6k | 1.5k | 1.5k | 1.5k | 1.4k | 1.4k | 1.4k |
| AssetsFixed Assets | 634 | 600 | 566 | 532 | 497 | 463 | 446 | 463 |
| CWIP | 12 | 12 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1.0k | 973 | 958 | 966 | 975 | 984 | 984 | 919 |
| Total Assets | 1.7k | 1.6k | 1.5k | 1.5k | 1.5k | 1.4k | 1.4k | 1.4k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -5 | 25 | 0 | -1 | 0 | 0 | 0 | — |
| Cash from Investing | 24 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Cash from Financing | -19 | -24 | 0 | 0 | 0 | 0 | 0 | — |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 19 | 24 | 0 | -1 | 0 | 0 | 0 | — |
| FCF Margin | — | — | — | — | — | — | — | — |
An earnings-based reverse DCF needs positive, normalized profits. This business doesn't have them yet, so any 'fair value' would be fiction.
VIKASWSP · LOSS_MAKING
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