Chennai-based cargo airline flying Boeing 737-800 freighters across India, ASEAN, Middle East and beyond.
Price
Market Cap
Sector
Services
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 2 | 2 | 18 | 18 | 25 | 25 | 26 |
| Reserves | -6 | 20 | 56 | 85 | 196 | 250 | 431 |
| Borrowings | 15 | 0 | 0 | 18 | 26 | 34 | 401 |
| Other Liabilities | 0 | 3 | 9 | 16 | 29 | 23 | 77 |
| Total Liabilities | 12 | 25 | 83 | 138 | 275 | 332 | 935 |
| AssetsFixed Assets | 0 | 0 | 0 | 0 | 17 | 17 | 322 |
| CWIP | 0 | 0 | 12 | 12 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 11 | 25 | 70 | 125 | 258 | 315 | 613 |
| Total Assets | 12 | 25 | 83 | 138 | 275 | 332 | 935 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -13 | -4 | -33 | 31 | 27 | 36 |
| Cash from Investing | 0 | 0 | -13 | -55 | -104 | -207 |
| Cash from Financing | 13 | 4 | 52 | 21 | 74 | 233 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | -13 | -4 | -45 | 31 | 22 | -76 |
| 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 (25.5×) and current (23.2×) 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 141.1% growth and a 23× exit, ₹1176 only delivers your return if you pay ₹65,648. The price is currently baking in 18% growth.
EPS grows 141.1%/yr for 5 years, then fades to 6% over 2, exits at 23×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 141.1% | 122.14 |
| FY28 | 141.1% | 294.48 |
| FY29 | 141.1% | 710.00 |
| FY30 | 141.1% | 1711.80 |
| FY31 | 141.1% | 4127.16 |
| FY32 | 73.6% ·fade | 7162.69 |
| FY33 | 6.0% ·fade | 7592.45 |
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.