Gujarat-based electrical-infrastructure contractor doing O&M, testing and commissioning of high-voltage (up to 220 kV) substations for utilities like GETCO, plus a small grid-connected solar power park.
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Services
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 2 | 2 | 2 | 2 | 11 | 11 | 11 |
| Reserves | 2 | 1 | 1 | 4 | 14 | 16 | 18 |
| Borrowings | 1 | 5 | 4 | 5 | 0 | 0 | 3 |
| Other Liabilities | 4 | 1 | 2 | 1 | 3 | 3 | 3 |
| Total Liabilities | 8 | 9 | 9 | 12 | 28 | 31 | 34 |
| AssetsFixed Assets | 4 | 4 | 4 | 5 | 4 | 5 | 4 |
| CWIP | 0 | 0 | 0 | 0 | 2 | 2 | 5 |
| Investments | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2 | 4 | 5 | 7 | 22 | 24 | 25 |
| Total Assets | 8 | 9 | 9 | 12 | 28 | 31 | 34 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | — | -2 | 2 | 2 | 1 | 0 |
| Cash from Investing | — | -1 | -1 | -1 | -11 | -3 |
| Cash from Financing | — | 4 | -1 | 1 | 10 | 3 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | — | -4 | 1 | 0 | -2 | -3 |
| 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 (6.0×) and current (7.0×) 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 6× exit, ₹45 only delivers your return if you pay ₹27. The price is currently baking in 21% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 6×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 7.04 |
| FY28 | 10.0% | 7.74 |
| FY29 | 10.0% | 8.52 |
| FY30 | 10.0% | 9.37 |
| FY31 | 10.0% | 10.31 |
| FY32 | 8.0% ·fade | 11.13 |
| FY33 | 6.0% ·fade | 11.80 |
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.