| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 19 | 14 | 15 | 15 | 84 | 91 | 93 | 91 |
| Borrowings | 39 | 38 | 34 | 69 | 57 | 1 | 1 | 4 |
| Other Liabilities | 36 | 32 | 25 | 66 | 46 | 34 | 45 | 39 |
| Total Liabilities | 111 | 102 | 91 | 168 | 204 | 143 | 156 | 152 |
| AssetsFixed Assets | 43 | 40 | 35 | 35 | 8 | 8 | 65 | 68 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 64 | 30 | 20 | 39 |
| Other Assets | 68 | 62 | 56 | 133 | 132 | 106 | 70 | 45 |
| Total Assets | 111 | 102 | 91 | 168 | 204 | 143 | 156 | 152 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -4 | 11 | 1 | 15 | 36 | -72 | -46 | 53 |
| Cash from Investing | 9 | 9 | 2 | -9 | -67 | 68 | 117 | -19 |
| Cash from Financing | -5 | -20 | -3 | -5 | 30 | 4 | -58 | 3 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 14 | 36 | 1 | 15 | 33 | -74 | -46 | 52 |
| FCF Margin | — | — | — | — | — | — | — | — |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
VJTFEDU · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.