Chennai-headquartered, single-factory maker of carbon rods, a core component of dry-cell batteries, sold domestically and exported mainly to Panasonic group battery manufacturers.
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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 109 | 123 | 132 | 139 | 152 | 167 | 174 | 183 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 6 | 6 | 6 | 5 | 6 | 6 | 9 | 6 |
| Total Liabilities | 119 | 134 | 143 | 149 | 162 | 178 | 187 | 194 |
| AssetsFixed Assets | 7 | 6 | 6 | 5 | 5 | 4 | 4 | 4 |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 112 | 128 | 137 | 144 | 158 | 173 | 183 | 189 |
| Total Assets | 119 | 134 | 143 | 149 | 162 | 178 | 187 | 194 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 8 | 10 | 12 | 8 | 9 | 2 | 8 | 11 |
| Cash from Investing | -2 | -4 | -7 | -2 | -5 | 3 | -1 | -6 |
| Cash from Financing | -6 | -6 | -5 | -6 | -6 | -6 | -6 | -6 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 8 | 10 | 12 | 8 | 9 | 2 | 8 | 11 |
| FCF Margin | — | — | — | — | — | — | — | — |
The Earnings Per Share over the last 12 months.
Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).
Pre-filled with the lower of median (12.6×) and current (11.5×) PE — the conservative anchor.
The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.
At 18.3% growth and a 12× exit, ₹510 only delivers your return if you pay ₹549. The price is currently baking in 17% growth.
EPS grows 18.3%/yr for 5 years, then fades to 6% over 2, exits at 12×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 18.3% | 52.31 |
| FY28 | 18.3% | 61.89 |
| FY29 | 18.3% | 73.21 |
| FY30 | 18.3% | 86.61 |
| FY31 | 18.3% | 102.46 |
| FY32 | 12.2% ·fade | 114.91 |
| FY33 | 6.0% ·fade | 121.80 |
Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.
Guides on how to read this kind of business and the numbers that matter.