Mumbai-based manufacturer of adhesives, emulsions and construction chemicals, and India's largest producer of RDP (re-dispersible polymer) powder
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 41 | 56 | 81 | 97 | 109 | 125 | 131 | 141 |
| Borrowings | 34 | 28 | 28 | 35 | 54 | 59 | 45 | 68 |
| Other Liabilities | 111 | 202 | 203 | 159 | 128 | 134 | 110 | 121 |
| Total Liabilities | 191 | 291 | 316 | 295 | 295 | 323 | 291 | 334 |
| AssetsFixed Assets | 44 | 54 | 64 | 76 | 94 | 96 | 94 | 92 |
| CWIP | 6 | 0 | 1 | 4 | 0 | 1 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 141 | 236 | 250 | 215 | 202 | 227 | 197 | 242 |
| Total Assets | 191 | 291 | 316 | 295 | 295 | 323 | 291 | 334 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 16 | 21 | 23 | 25 | 21 | 14 | 7 | 0 |
| Cash from Investing | -10 | -12 | -7 | -15 | -19 | -17 | -10 | -3 |
| Cash from Financing | -7 | -9 | -15 | -6 | -3 | 10 | -3 | 1 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 6 | 7 | 16 | 10 | 2 | -3 | -4 | -4 |
| 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 (35.5×) and current (22.5×) 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 -1.9% growth and a 23× exit, ₹79 only delivers your return if you pay ₹30. The price is currently baking in 17% growth.
EPS grows -1.9%/yr for 5 years, then fades to 6% over 2, exits at 23×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | -1.9% | 3.44 |
| FY28 | -1.9% | 3.38 |
| FY29 | -1.9% | 3.31 |
| FY30 | -1.9% | 3.25 |
| FY31 | -1.9% | 3.19 |
| FY32 | 2.1% ·fade | 3.25 |
| FY33 | 6.0% ·fade | 3.45 |
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.