India's largest 2W brake-systems maker (~50% ABS share); also makes aluminium EV/ICE parts and safety cables across 18 plants.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 10 | 41 | 40 | 39 | 39 | 39 | 39 | 39 |
| Reserves | 509 | 582 | 592 | 604 | 777 | 1.0k | 1.1k | 1.3k |
| Borrowings | 149 | 54 | 175 | 328 | 346 | 412 | 612 | 679 |
| Other Liabilities | 206 | 246 | 298 | 310 | 402 | 469 | 549 | 567 |
| Total Liabilities | 874 | 922 | 1.1k | 1.3k | 1.6k | 1.9k | 2.3k | 2.6k |
| AssetsFixed Assets | 607 | 603 | 738 | 726 | 992 | 1.3k | 1.4k | 1.6k |
| CWIP | 16 | 10 | 3 | 118 | 64 | 65 | 163 | 152 |
| Investments | 16 | 3 | 0 | 4 | 20 | 37 | 0 | 45 |
| Other Assets | 235 | 306 | 365 | 433 | 488 | 555 | 736 | 794 |
| Total Assets | 874 | 922 | 1.1k | 1.3k | 1.6k | 1.9k | 2.3k | 2.6k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 176 | 247 | 136 | 144 | 139 | 303 | 360 | 301 |
| Cash from Investing | -297 | -60 | -6 | -80 | -161 | -278 | -339 | -479 |
| Cash from Financing | 119 | -186 | -115 | -81 | 23 | -16 | -14 | 171 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -88 | 219 | 104 | 59 | -11 | 23 | 30 | -175 |
| 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 (37.6×) and current (31.2×) 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 30.9% growth and a 31× exit, ₹470 only delivers your return if you pay ₹848. The price is currently baking in 18% growth.
EPS grows 30.9%/yr for 5 years, then fades to 6% over 2, exits at 31×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 30.9% | 19.74 |
| FY28 | 30.9% | 25.84 |
| FY29 | 30.9% | 33.82 |
| FY30 | 30.9% | 44.28 |
| FY31 | 30.9% | 57.96 |
| FY32 | 18.4% ·fade | 68.65 |
| FY33 | 6.0% ·fade | 72.77 |
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.