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    Forbes Precision

    Mumbai-based maker of precision cutting tools — High Speed Steel taps and drills, solid carbide tools and carbide burrs under the TOTEM brand — for aerospace, defence, auto-component, die & mould and valve industries.

    Capital Goods
    Industrials

    Overview

    Price

    Market Cap

    ₹693 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY23FY24FY25FY26FY26
    LiabilitiesEquity Capital052525252
    Reserves086115101117
    Borrowings09222017
    Other Liabilities056615566
    Total Liabilities0203250227251
    AssetsFixed Assets089110114110
    CWIP05814
    Investments00442523
    Other Assets01098888115
    Total Assets0203250227251

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY23FY24FY25FY26
    ActivitiesCash from Operating095128
    Cash from Investing0-97-714
    Cash from Financing010411-33
    SummaryCapital Expenditure
    Free Cash Flow0-88239
    FCF Margin

    Valuation

    Assumptions

    Current — 544186
    Price
    ₹150
    EPS (TTM)
    ₹5.57
    PE (TTM)
    26.9
    Profit growth
    -3.3%

    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 (26.5×) and current (26.9×) 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.

    Valuation

    Current price
    ₹150
    vs
    Fair value · 15% return
    ₹51
    66%Overvalued

    At -3.3% growth and a 27× exit, ₹150 only delivers your return if you pay ₹51. The price is currently baking in 18% growth.

    EPS grows -3.3%/yr for 5 years, then fades to 6% over 2, exits at 27×.

    YearGrowthEPS (₹)
    FY27-3.3%5.39
    FY28-3.3%5.21
    FY29-3.3%5.04
    FY30-3.3%4.87
    FY31-3.3%4.71
    FY321.3% ·fade4.77
    FY336.0% ·fade5.06

    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.

    Learn to analyse Forbes Precision

    Guides on how to read this kind of business and the numbers that matter.