Maharashtra-based molasses distillery producing rectified spirit, ethanol, neutral alcohol and special denatured spirit for pharma, solvent, fuel-blending and beverage uses, plus potash and vinasse byproducts.
Price
Market Cap
Sector
Fast Moving Consumer Goods
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 8 | 8 | 8 | 8 | 8 | 10 | 10 | 10 |
| Reserves | 29 | 32 | 41 | 58 | 79 | 86 | 90 | 95 |
| Borrowings | 39 | 35 | 34 | 42 | 62 | 81 | 83 | 83 |
| Other Liabilities | 39 | 30 | 33 | 53 | 34 | 35 | 41 | 39 |
| Total Liabilities | 115 | 105 | 117 | 161 | 184 | 212 | 224 | 227 |
| AssetsFixed Assets | 51 | 49 | 48 | 52 | 47 | 44 | 42 | 41 |
| CWIP | 1 | 0 | 1 | 1 | 1 | 6 | 7 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 62 | 56 | 68 | 108 | 136 | 162 | 175 | 179 |
| Total Assets | 115 | 105 | 117 | 161 | 184 | 212 | 224 | 227 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 22 | 14 | 4 | 9 | 4 | 8 | 14 | 19 |
| Cash from Investing | -32 | -21 | 3 | -6 | -7 | -23 | -26 | -12 |
| Cash from Financing | 11 | 7 | -7 | -4 | 3 | 15 | 12 | -7 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -6 | 10 | 3 | 6 | -3 | 8 | 8 | 18 |
| 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 (5.1×) and current (4.1×) 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 4× exit, ₹71 only delivers your return if you pay ₹48. The price is currently baking in 18% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 4×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 19.22 |
| FY28 | 10.0% | 21.14 |
| FY29 | 10.0% | 23.25 |
| FY30 | 10.0% | 25.58 |
| FY31 | 10.0% | 28.14 |
| FY32 | 8.0% ·fade | 30.39 |
| FY33 | 6.0% ·fade | 32.21 |
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.