Raipur-based electronics OEM manufacturing Smart LED TVs, fans and home appliances under the Starshine and Aratton brands, with an emerging interactive flat-panel-display (IFPD) business.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|
| LiabilitiesEquity Capital | 8 | 17 | 17 | 22 |
| Reserves | 15 | 14 | 20 | 77 |
| Borrowings | 18 | 27 | 36 | 26 |
| Other Liabilities | 6 | 11 | 13 | 39 |
| Total Liabilities | 48 | 70 | 86 | 163 |
| AssetsFixed Assets | 10 | 9 | 15 | 35 |
| CWIP | 1 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 4 |
| Other Assets | 38 | 61 | 70 | 124 |
| Total Assets | 48 | 70 | 86 | 163 |
| Line item | FY24 | FY25 | FY26 |
|---|---|---|---|
| ActivitiesCash from Operating | -4 | 2 | -40 |
| Cash from Investing | -3 | 0 | -32 |
| Cash from Financing | 6 | -2 | 72 |
| SummaryCapital Expenditure | — | — | — |
| Free Cash Flow | -8 | 2 | -68 |
| 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 (11.0×) and current (13.2×) 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 10% growth and a 11× exit, ₹141 only delivers your return if you pay ₹81. The price is currently baking in 22% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 11×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 11.75 |
| FY28 | 10.0% | 12.92 |
| FY29 | 10.0% | 14.22 |
| FY30 | 10.0% | 15.64 |
| FY31 | 10.0% | 17.20 |
| FY32 | 8.0% ·fade | 18.58 |
| FY33 | 6.0% ·fade | 19.69 |
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.