Government-owned defence PSU manufacturing guided missiles, torpedoes and allied weapon systems for India's Armed Forces.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 |
| Reserves | 2.4k | 2.5k | 2.8k | 3.0k | 3.5k | 3.8k | 4.0k | 4.1k |
| Borrowings | 15 | 11 | 10 | 9 | 8 | 7 | 1 | 0 |
| Other Liabilities | 3.1k | 3.3k | 3.6k | 5.5k | 6.8k | 7.8k | 8.8k | 10.0k |
| Total Liabilities | 5.8k | 6.0k | 6.6k | 8.8k | 10.4k | 11.8k | 13.1k | 14.3k |
| AssetsFixed Assets | 932 | 915 | 874 | 809 | 824 | 857 | 951 | 1.0k |
| CWIP | 42 | 22 | 41 | 74 | 73 | 230 | 171 | 174 |
| Investments | 4 | 5 | 0 | 0 | 0 | 4 | 4 | 4 |
| Other Assets | 4.8k | 5.1k | 5.7k | 7.9k | 9.5k | 10.7k | 11.9k | 13.1k |
| Total Assets | 5.8k | 6.0k | 6.6k | 8.8k | 10.4k | 11.8k | 13.1k | 14.3k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 84 | 504 | 1.1k | 530 | 2.1k | 412 | 167 | 604 |
| Cash from Investing | 170 | -33 | -734 | -573 | -1.2k | -722 | -407 | 320 |
| Cash from Financing | -268 | -191 | -173 | -149 | -171 | -148 | -220 | -194 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -5 | 447 | 1.0k | 428 | 2.0k | 331 | -115 | 375 |
| 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 (151.5×) and current (179.3×) 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 152× exit, ₹1255 only delivers your return if you pay ₹737. The price is currently baking in 21% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 152×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 7.70 |
| FY28 | 10.0% | 8.47 |
| FY29 | 10.0% | 9.32 |
| FY30 | 10.0% | 10.25 |
| FY31 | 10.0% | 11.27 |
| FY32 | 8.0% ·fade | 12.18 |
| FY33 | 6.0% ·fade | 12.91 |
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.