Supplier of consumer hardware/electronics to customers of NBFCs, MFIs and banks in India, financed via EMI (including its own Cardless EMI portal), with added corporate-sales and government-tender business lines.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 0 | 0 | 1 | 1 | 11 | 15 | 15 | 15 |
| Reserves | 3 | 5 | 9 | 14 | 26 | 34 | 35 | 37 |
| Borrowings | 0 | 1 | 1 | 9 | 13 | 9 | 1 | 18 |
| Other Liabilities | 18 | 29 | 42 | 38 | 67 | 37 | 30 | 25 |
| Total Liabilities | 21 | 35 | 53 | 63 | 117 | 96 | 82 | 95 |
| AssetsFixed Assets | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 0 | 2 | 0 | 0 | 0 | 0 | 1 |
| Other Assets | 16 | 34 | 50 | 62 | 115 | 94 | 80 | 93 |
| Total Assets | 21 | 35 | 53 | 63 | 117 | 96 | 82 | 95 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 4 | -3 | 7 | -13 | -7 | 1 | -23 |
| Cash from Investing | -4 | 5 | -2 | 2 | -1 | 0 | -1 |
| Cash from Financing | -1 | 0 | 1 | 7 | 15 | 3 | 8 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 3 | -4 | 6 | -13 | -8 | 0 | -23 |
| 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 (2.5×) and current (3.3×) 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 3× exit, ₹14 only delivers your return if you pay ₹9. The price is currently baking in 19% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 3×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 4.66 |
| FY28 | 10.0% | 5.13 |
| FY29 | 10.0% | 5.64 |
| FY30 | 10.0% | 6.21 |
| FY31 | 10.0% | 6.83 |
| FY32 | 8.0% ·fade | 7.37 |
| FY33 | 6.0% ·fade | 7.82 |
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.