Manufactures MHCV/LCV trucks and buses, engines, and defence vehicles; also builds EVs via Switch Mobility.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 294 | 294 | 294 | 294 | 294 | 294 | 587 | 587 |
| Reserves | 7.0k | 6.7k | 7.0k | 8.1k | 8.5k | 11.2k | 12.0k | 12.5k |
| Borrowings | 3.3k | 3.8k | 3.6k | 3.2k | 2.3k | 1.5k | 54.5k | 1.2k |
| Other Liabilities | 5.8k | 7.7k | 9.4k | 10.9k | 12.5k | 12.5k | 18.2k | 14.3k |
| Total Liabilities | 16.4k | 18.4k | 20.3k | 22.6k | 23.6k | 25.5k | 85.3k | 28.6k |
| AssetsFixed Assets | 6.8k | 7.0k | 6.6k | 6.3k | 6.0k | 5.8k | 9.5k | 6.4k |
| CWIP | 594 | 372 | 194 | 133 | 202 | 425 | 1.0k | 479 |
| Investments | 2.7k | 3.1k | 4.8k | 6.7k | 5.6k | 8.7k | 5.5k | 10.7k |
| Other Assets | 6.3k | 8.0k | 8.7k | 9.5k | 11.9k | 10.6k | 69.2k | 11.0k |
| Total Assets | 16.4k | 18.4k | 20.3k | 22.6k | 23.6k | 25.5k | 85.3k | 28.6k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -362 | 941 | 21 | 2.6k | 2.1k | 2.5k | 7.8k | 4.8k |
| Cash from Investing | 2.3k | -2.2k | -976 | -1.5k | -1.7k | 902 | -4.1k | -3.2k |
| Cash from Financing | -1.6k | 1.1k | 206 | -724 | -940 | -1.9k | -3.0k | -2.2k |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -1.1k | -351 | -595 | 2.4k | 1.7k | 2.0k | 6.9k | 3.8k |
| 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 (43.1×) and current (25.6×) 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 39.6% growth and a 26× exit, ₹155 only delivers your return if you pay ₹409. The price is currently baking in 17% growth.
EPS grows 39.6%/yr for 5 years, then fades to 6% over 2, exits at 26×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 39.6% | 8.47 |
| FY28 | 39.6% | 11.83 |
| FY29 | 39.6% | 16.51 |
| FY30 | 39.6% | 23.05 |
| FY31 | 39.6% | 32.18 |
| FY32 | 22.8% ·fade | 39.52 |
| FY33 | 6.0% ·fade | 41.89 |
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.