Pan-India Testing, Inspection & Certification (TIC) company running owned and PPP labs across automotive, pharma, food, minerals, electricals & electronics, and environmental testing.
Price
Market Cap
Sector
Services
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 0 | 0 | 5 | 7 | 10 | 12 | 12 |
| Reserves | -1 | 0 | 4 | 25 | 77 | 129 | 141 |
| Borrowings | 11 | 17 | 23 | 12 | 50 | 47 | 93 |
| Other Liabilities | 4 | 3 | 6 | 6 | 21 | 9 | 26 |
| Total Liabilities | 14 | 21 | 40 | 51 | 158 | 197 | 271 |
| AssetsFixed Assets | 6 | 8 | 14 | 30 | 92 | 48 | 152 |
| CWIP | 4 | 4 | 15 | 8 | 16 | 19 | 45 |
| Investments | 0 | 0 | 0 | 0 | 0 | 90 | 0 |
| Other Assets | 4 | 9 | 11 | 13 | 50 | 40 | 73 |
| Total Assets | 14 | 21 | 40 | 51 | 158 | 197 | 271 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 1 | -5 | 7 | 6 | 10 | 15 |
| Cash from Investing | -6 | -2 | -17 | -12 | -60 | -51 |
| Cash from Financing | 5 | 7 | 11 | 6 | 54 | 37 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | -5 | -7 | -10 | -4 | -13 | -32 |
| 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 (23.5×) and current (22.9×) 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 10% growth and a 23× exit, ₹405 only delivers your return if you pay ₹282. The price is currently baking in 17% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 23×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 19.47 |
| FY28 | 10.0% | 21.42 |
| FY29 | 10.0% | 23.56 |
| FY30 | 10.0% | 25.91 |
| FY31 | 10.0% | 28.51 |
| FY32 | 8.0% ·fade | 30.79 |
| FY33 | 6.0% ·fade | 32.63 |
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.