Greater Noida-based manufacturer of static and smart energy meters, metering accessories and related power-electronics products for India's utility (DISCOM) and industrial markets, founded 1977.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 4 | 4 | 4 | 10 | 13 | 13 |
| Reserves | 6 | 6 | 8 | 20 | 30 | 72 | 78 |
| Borrowings | 11 | 11 | 13 | 16 | 31 | 30 | 39 |
| Other Liabilities | 17 | 12 | 20 | 30 | 53 | 55 | 57 |
| Total Liabilities | 39 | 34 | 44 | 70 | 124 | 170 | 186 |
| AssetsFixed Assets | 7 | 8 | 9 | 13 | 20 | 33 | 37 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 32 | 26 | 35 | 57 | 104 | 136 | 148 |
| Total Assets | 39 | 34 | 44 | 70 | 124 | 170 | 186 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 1 | 2 | 0 | 3 | -8 | -18 |
| Cash from Investing | -1 | -2 | -1 | -5 | -8 | -19 |
| Cash from Financing | 0 | -1 | 1 | 6 | 15 | 37 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | 0 | 1 | -1 | -2 | -17 | -38 |
| 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 (4.7×) and current (4.8×) 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 5× exit, ₹101 only delivers your return if you pay ₹73. The price is currently baking in 17% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 5×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 23.17 |
| FY28 | 10.0% | 25.48 |
| FY29 | 10.0% | 28.03 |
| FY30 | 10.0% | 30.83 |
| FY31 | 10.0% | 33.92 |
| FY32 | 8.0% ·fade | 36.63 |
| FY33 | 6.0% ·fade | 38.83 |
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.