Gujarat-based fabricator of heat exchangers, pressure vessels, reactors & silos for oil & gas, petrochem and nuclear plants.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 10 | 10 | 10 | 10 | 10 | 20 | 20 | 20 |
| Reserves | 313 | 328 | 385 | 428 | 518 | 590 | 616 | 667 |
| Borrowings | 0 | 0 | 0 | 34 | 20 | 29 | 158 | 100 |
| Other Liabilities | 99 | 94 | 130 | 171 | 260 | 272 | 203 | 160 |
| Total Liabilities | 422 | 431 | 525 | 643 | 808 | 912 | 997 | 947 |
| AssetsFixed Assets | 171 | 212 | 203 | 217 | 313 | 341 | 387 | 377 |
| CWIP | 12 | 2 | 13 | 87 | 16 | 10 | 15 | 2 |
| Investments | 44 | 0 | 20 | 0 | 104 | 44 | 0 | 33 |
| Other Assets | 194 | 218 | 289 | 338 | 376 | 518 | 595 | 536 |
| Total Assets | 422 | 431 | 525 | 643 | 808 | 912 | 997 | 947 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 32 | 53 | 74 | 30 | -8 | 12 |
| Cash from Investing | -15 | -12 | -61 | -33 | 22 | -38 |
| Cash from Financing | -16 | -38 | -7 | 25 | -32 | 29 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | 14 | 13 | 53 | -45 | -51 | -40 |
| 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 (33.7×) and current (41.8×) 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 28.4% growth and a 34× exit, ₹2246 only delivers your return if you pay ₹2,981. The price is currently baking in 22% growth.
EPS grows 28.4%/yr for 5 years, then fades to 6% over 2, exits at 34×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 28.4% | 69.07 |
| FY28 | 28.4% | 88.68 |
| FY29 | 28.4% | 113.87 |
| FY30 | 28.4% | 146.20 |
| FY31 | 28.4% | 187.73 |
| FY32 | 17.2% ·fade | 220.02 |
| FY33 | 6.0% ·fade | 233.22 |
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.