World's largest Pick & Carry crane maker; India's most diversified CE manufacturer, plus agri equipment.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 23 | 23 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 420 | 501 | 730 | 895 | 1.2k | 1.6k | 1.8k | 2.0k |
| Borrowings | 82 | 55 | 31 | 7 | 4 | 16 | 143 | 8 |
| Other Liabilities | 429 | 477 | 497 | 674 | 934 | 1.1k | 1.1k | 1.2k |
| Total Liabilities | 954 | 1.1k | 1.3k | 1.6k | 2.2k | 2.7k | 3.0k | 3.3k |
| AssetsFixed Assets | 412 | 429 | 452 | 487 | 580 | 716 | 761 | 782 |
| CWIP | 19 | 13 | 24 | 24 | 44 | 29 | 42 | 48 |
| Investments | 28 | 31 | 179 | 349 | 594 | 918 | 1.1k | 1.3k |
| Other Assets | 494 | 582 | 627 | 739 | 951 | 1.0k | 1.1k | 1.1k |
| Total Assets | 954 | 1.1k | 1.3k | 1.6k | 2.2k | 2.7k | 3.0k | 3.3k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 72 | 48 | 86 | 104 | 274 | 433 | 412 | 417 |
| Cash from Investing | -27 | -20 | -16 | -201 | -218 | -368 | -382 | -350 |
| Cash from Financing | -44 | -33 | -40 | 71 | -41 | -39 | -29 | -52 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 49 | 10 | 70 | 59 | 238 | 268 | 206 | 331 |
| 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 (34.6×) 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.
At 33.9% growth and a 27× exit, ₹987 only delivers your return if you pay ₹2,038. The price is currently baking in 17% growth.
EPS grows 33.9%/yr for 5 years, then fades to 6% over 2, exits at 27×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 33.9% | 49.11 |
| FY28 | 33.9% | 65.76 |
| FY29 | 33.9% | 88.06 |
| FY30 | 33.9% | 117.91 |
| FY31 | 33.9% | 157.88 |
| FY32 | 19.9% ·fade | 189.38 |
| FY33 | 6.0% ·fade | 200.74 |
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.