Navratna defence-electronics PSU building radars, EW suites and communication systems for India's armed forces
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 244 | 244 | 244 | 731 | 731 | 731 | 731 | 731 |
| Reserves | 9.6k | 10.6k | 11.7k | 12.9k | 15.4k | 19.0k | 20.8k | 23.0k |
| Borrowings | 8 | 3 | 53 | 61 | 63 | 61 | 59 | 65 |
| Other Liabilities | 14.1k | 18.2k | 21.4k | 21.4k | 23.0k | 20.7k | 21.3k | 20.3k |
| Total Liabilities | 23.9k | 29.1k | 33.5k | 35.1k | 39.2k | 40.4k | 42.9k | 44.1k |
| AssetsFixed Assets | 2.5k | 2.5k | 2.5k | 2.7k | 2.8k | 3.2k | 4.1k | 4.1k |
| CWIP | 683 | 736 | 859 | 841 | 891 | 1.0k | 564 | 482 |
| Investments | 1.2k | 1.3k | 1.6k | 664 | 768 | 820 | 779 | 864 |
| Other Assets | 19.5k | 24.5k | 28.5k | 30.9k | 34.7k | 35.4k | 37.5k | 38.6k |
| Total Assets | 23.9k | 29.1k | 33.5k | 35.1k | 39.2k | 40.4k | 42.9k | 44.1k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 1.5k | 2.5k | 5.1k | 4.2k | 1.1k | 4.6k | 480 | 1.5k |
| Cash from Investing | -854 | -639 | -2.6k | -4.9k | 2.8k | -5.9k | 748 | 1.7k |
| Cash from Financing | -628 | -1.1k | -1.1k | -1.1k | -1.3k | -1.5k | -1.7k | -2.1k |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 761 | 1.8k | 4.6k | 3.6k | 524 | 4.0k | -521 | 515 |
| 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 (44.5×) and current (50.9×) 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 26.8% growth and a 45× exit, ₹427 only delivers your return if you pay ₹573. The price is currently baking in 20% growth.
EPS grows 26.8%/yr for 5 years, then fades to 6% over 2, exits at 45×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 26.8% | 10.63 |
| FY28 | 26.8% | 13.47 |
| FY29 | 26.8% | 17.08 |
| FY30 | 26.8% | 21.66 |
| FY31 | 26.8% | 27.47 |
| FY32 | 16.4% ·fade | 31.97 |
| FY33 | 6.0% ·fade | 33.89 |
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.