South East Asia's largest Nitric Acid maker; also makes mining chemicals & Mahadhan crop fertilisers.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 89 | 103 | 121 | 126 | 126 | 126 | 126 | 126 |
| Reserves | 2.1k | 2.6k | 3.8k | 4.9k | 5.4k | 6.1k | 6.4k | 6.7k |
| Borrowings | 3.0k | 2.6k | 2.7k | 3.7k | 4.1k | 4.2k | 4.4k | 5.7k |
| Other Liabilities | 1.7k | 1.9k | 2.2k | 2.7k | 2.2k | 2.5k | 4.1k | 4.0k |
| Total Liabilities | 6.9k | 7.2k | 8.7k | 11.4k | 11.9k | 12.9k | 15.0k | 16.5k |
| AssetsFixed Assets | 2.7k | 2.6k | 2.6k | 2.7k | 6.3k | 6.3k | 6.2k | 6.2k |
| CWIP | 1.3k | 1.6k | 2.4k | 3.5k | 754 | 1.4k | 2.2k | 3.0k |
| Investments | 12 | 449 | 879 | 600 | 261 | 186 | 589 | 133 |
| Other Assets | 2.9k | 2.5k | 2.8k | 4.6k | 4.6k | 5.0k | 6.0k | 7.2k |
| Total Assets | 6.9k | 7.2k | 8.7k | 11.4k | 11.9k | 12.9k | 15.0k | 16.5k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 1.3k | 578 | 1.2k | 1.2k | 493 | 732 | 1.9k | 206 |
| Cash from Investing | -576 | -156 | -634 | -1.4k | -979 | -376 | -1.1k | -1.6k |
| Cash from Financing | -737 | -354 | -613 | 221 | 604 | -410 | -689 | 1.4k |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 588 | 227 | 1.0k | 222 | -716 | -94 | 763 | -1.4k |
| 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 (17.6×) and current (27.3×) 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 -15.5% growth and a 18× exit, ₹1594 only delivers your return if you pay ₹172. The price is currently baking in 27% growth.
EPS grows -15.5%/yr for 5 years, then fades to 6% over 2, exits at 18×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | -15.5% | 49.35 |
| FY28 | -15.5% | 41.70 |
| FY29 | -15.5% | 35.24 |
| FY30 | -15.5% | 29.77 |
| FY31 | -15.5% | 25.16 |
| FY32 | -4.8% ·fade | 23.96 |
| FY33 | 6.0% ·fade | 25.40 |
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.