Kolkata-based manufacturer of welding electrodes, MIG/flux-cored wires and railway track components, serving industrial customers in India and overseas
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 5 | 13 | 13 | 18 | 18 |
| Reserves | 15 | 14 | 16 | 28 | 30 | 32 | 70 | 77 |
| Borrowings | 19 | 39 | 43 | 46 | 54 | 54 | 32 | 20 |
| Other Liabilities | 21 | 16 | 12 | 13 | 19 | 16 | 13 | 19 |
| Total Liabilities | 60 | 75 | 77 | 92 | 116 | 115 | 133 | 134 |
| AssetsFixed Assets | 15 | 13 | 17 | 16 | 17 | 17 | 21 | 31 |
| CWIP | 0 | 4 | 0 | 0 | 0 | 0 | 3 | 0 |
| Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Other Assets | 44 | 58 | 60 | 76 | 99 | 98 | 109 | 101 |
| Total Assets | 60 | 75 | 77 | 92 | 116 | 115 | 133 | 134 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 3 | -4 | 8 | 2 | 3 | 1 | 8 | 19 |
| Cash from Investing | -1 | -4 | -4 | -2 | -1 | -3 | -11 | -15 |
| Cash from Financing | -1 | 8 | -4 | 0 | -2 | 2 | 4 | -1 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 1 | -8 | 3 | 0 | 2 | -2 | 4 | 2 |
| 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 (3.1×) and current (2.8×) 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, ₹45 only delivers your return if you pay ₹33. The price is currently baking in 16% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 3×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 17.46 |
| FY28 | 10.0% | 19.20 |
| FY29 | 10.0% | 21.12 |
| FY30 | 10.0% | 23.24 |
| FY31 | 10.0% | 25.56 |
| FY32 | 8.0% ·fade | 27.60 |
| FY33 | 6.0% ·fade | 29.26 |
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.