Indian arm of the global ESAB group, making welding and cutting equipment and consumables for industry.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 322 | 244 | 229 | 245 | 291 | 346 | 401 | 414 |
| Borrowings | 5 | 3 | 3 | 4 | 5 | 4 | 4 | 3 |
| Other Liabilities | 116 | 126 | 189 | 210 | 240 | 284 | 216 | 266 |
| Total Liabilities | 458 | 388 | 436 | 474 | 551 | 649 | 637 | 699 |
| AssetsFixed Assets | 86 | 90 | 90 | 95 | 125 | 136 | 140 | 148 |
| CWIP | 7 | 3 | 3 | 20 | 4 | 9 | 5 | 6 |
| Investments | 70 | 41 | 31 | 0 | 0 | 24 | 19 | 44 |
| Other Assets | 295 | 255 | 312 | 359 | 421 | 480 | 473 | 502 |
| Total Assets | 458 | 388 | 436 | 474 | 551 | 649 | 637 | 699 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 67 | 57 | 72 | 85 | 129 | 141 | 199 | 181 |
| Cash from Investing | 102 | -120 | 66 | 20 | 5 | -55 | -15 | -46 |
| Cash from Financing | -163 | 39 | -139 | -102 | -122 | -81 | -157 | -143 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 56 | 37 | 62 | 74 | 98 | 115 | 171 | 150 |
| 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 (49.0×) and current (51.1×) 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 9% growth and a 49× exit, ₹5829 only delivers your return if you pay ₹3,684. The price is currently baking in 18% growth.
EPS grows 9%/yr for 5 years, then fades to 6% over 2, exits at 49×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 9.0% | 124.35 |
| FY28 | 9.0% | 135.54 |
| FY29 | 9.0% | 147.74 |
| FY30 | 9.0% | 161.03 |
| FY31 | 9.0% | 175.53 |
| FY32 | 7.5% ·fade | 188.69 |
| FY33 | 6.0% ·fade | 200.01 |
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.