Bangalore-based engineering and manufacturing company building specialised airport, industrial and municipal firefighting, rescue and runway-maintenance vehicles under Make-in-India tie-ups with global OEMs.
Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 0 | 0 | 0 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 2 | 2 | 5 | 20 | 24 | 53 | 58 | 66 |
| Borrowings | 0 | 2 | 6 | 3 | 3 | 8 | 10 | 12 |
| Other Liabilities | 9 | 11 | 10 | 6 | 11 | 14 | 18 | 24 |
| Total Liabilities | 11 | 16 | 21 | 34 | 44 | 81 | 92 | 109 |
| AssetsFixed Assets | 0 | 2 | 4 | 4 | 4 | 17 | 19 | 27 |
| CWIP | 0 | 0 | 0 | 0 | 5 | 2 | 7 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 11 | 14 | 17 | 30 | 36 | 62 | 66 | 82 |
| Total Assets | 11 | 16 | 21 | 34 | 44 | 81 | 92 | 109 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 2 | 2 | 0 | -1 | -9 | 2 | -17 | 8 |
| Cash from Investing | 0 | -2 | 0 | -2 | 0 | -4 | -10 | -9 |
| Cash from Financing | 0 | 0 | 1 | 3 | 12 | 0 | 26 | 2 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 1 | 0 | 0 | -4 | -10 | -3 | -28 | -1 |
| 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 (18.8×) and current (21.8×) 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 19× exit, ₹709 only delivers your return if you pay ₹429. The price is currently baking in 20% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 19×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 35.80 |
| FY28 | 10.0% | 39.39 |
| FY29 | 10.0% | 43.32 |
| FY30 | 10.0% | 47.66 |
| FY31 | 10.0% | 52.42 |
| FY32 | 8.0% ·fade | 56.62 |
| FY33 | 6.0% ·fade | 60.01 |
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.