AI-led digital assurance (software testing/QA) and digital engineering services company, now part of Coforge.
Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 28 | 28 | 28 | 28 | 27 | 27 | 27 | 28 |
| Reserves | 123 | 239 | 344 | 432 | 562 | 711 | 936 | 1.1k |
| Borrowings | 74 | 121 | 46 | 80 | 56 | 57 | 28 | 20 |
| Other Liabilities | 83 | 91 | 114 | 158 | 201 | 211 | 248 | 330 |
| Total Liabilities | 308 | 480 | 532 | 698 | 846 | 1.0k | 1.2k | 1.5k |
| AssetsFixed Assets | 68 | 102 | 93 | 113 | 135 | 121 | 121 | 107 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 49 | 80 | 120 | 177 | 250 | 146 | 41 |
| Other Assets | 239 | 329 | 358 | 465 | 533 | 635 | 973 | 1.3k |
| Total Assets | 308 | 480 | 532 | 698 | 846 | 1.0k | 1.2k | 1.5k |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 35 | 127 | 87 | 145 | 38 | 157 | 129 | 160 |
| Cash from Investing | -5 | -6 | -137 | -47 | -50 | -53 | -34 | -12 |
| Cash from Financing | -29 | -135 | -13 | -14 | -20 | -69 | -40 | -18 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 32 | 118 | 80 | 142 | 18 | 144 | 124 | 147 |
| 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 (17.5×) and current (11.5×) 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 8.8% growth and a 11× exit, ₹1260 only delivers your return if you pay ₹790. The price is currently baking in 18% growth.
EPS grows 8.8%/yr for 5 years, then fades to 6% over 2, exits at 11×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 8.8% | 119.69 |
| FY28 | 8.8% | 130.22 |
| FY29 | 8.8% | 141.68 |
| FY30 | 8.8% | 154.15 |
| FY31 | 8.8% | 167.72 |
| FY32 | 7.4% ·fade | 180.13 |
| FY33 | 6.0% ·fade | 190.94 |
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.