Odisha-based ferro-alloys maker of High Carbon Ferro Chrome at its Kalinganagar plant, currently run under a tolling/conversion arrangement with a related party for want of working capital.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 129 |
| Reserves | -1.3k | -2.5k | -2.5k | -888 | -960 | -1.5k | -1.5k | -349 |
| Borrowings | 3.5k | 3.5k | 3.5k | 1.4k | 1.4k | 1.4k | 1.4k | 392 |
| Other Liabilities | 734 | 712 | 720 | 445 | 467 | 496 | 510 | 364 |
| Total Liabilities | 3.1k | 1.9k | 1.8k | 1.1k | 1.0k | 533 | 529 | 535 |
| AssetsFixed Assets | 2.7k | 1.7k | 1.6k | 960 | 920 | 447 | 437 | 446 |
| CWIP | 290 | 39 | 39 | 39 | 39 | 0 | 0 | 0 |
| Investments | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Other Assets | 92 | 106 | 99 | 65 | 69 | 82 | 88 | 85 |
| Total Assets | 3.1k | 1.9k | 1.8k | 1.1k | 1.0k | 533 | 529 | 535 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 82 | 59 | 13 | 17 | 26 | 17 | 26 | 36 |
| Cash from Investing | 16 | 11 | 1 | -9 | -19 | -9 | -12 | -25 |
| Cash from Financing | -113 | -64 | -14 | -9 | -8 | -8 | -13 | -9 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 81 | 57 | 14 | 10 | 8 | 8 | 13 | 11 |
| 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.
VISASTEEL · CYCLICAL_UNMODELABLE
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