Chhattisgarh-based integrated steel producer manufacturing sponge iron, MS billets and re-rolled TMT bars, with captive power generation across two works in Raipur and Bilaspur.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 25 | 33 | 33 | 33 |
| Reserves | 52 | 82 | 136 | 176 | 364 | 380 | 382 |
| Borrowings | 47 | 44 | 25 | 63 | 2 | 27 | 43 |
| Other Liabilities | 21 | 20 | 26 | 17 | 18 | 25 | 23 |
| Total Liabilities | 126 | 150 | 192 | 281 | 417 | 465 | 480 |
| AssetsFixed Assets | 64 | 58 | 53 | 48 | 195 | 189 | 273 |
| CWIP | 0 | 0 | 0 | 64 | 3 | 31 | 7 |
| Investments | 13 | 15 | 18 | 23 | 38 | 40 | 26 |
| Other Assets | 49 | 77 | 120 | 146 | 181 | 204 | 174 |
| Total Assets | 126 | 150 | 192 | 281 | 417 | 465 | 480 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 22 | 9 | 63 | 19 | 14 | 31 |
| Cash from Investing | -6 | -1 | -40 | -56 | -103 | -70 |
| Cash from Financing | -16 | -7 | -23 | 36 | 90 | 38 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | 18 | 7 | 61 | -45 | -81 | -74 |
| 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.
VRAJ · CYCLICAL_UNMODELABLE
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