India's leading manufacturer of automotive lighting, signalling equipment and rear-view mirrors for 2W/4W OEMs.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 13 | 13 | 13 | 13 | 26 | 26 | 26 | 26 |
| Reserves | 512 | 556 | 629 | 748 | 861 | 1.0k | 1.1k | 1.2k |
| Borrowings | 127 | 77 | 46 | 24 | 23 | 22 | 62 | 66 |
| Other Liabilities | 269 | 276 | 361 | 268 | 308 | 363 | 425 | 420 |
| Total Liabilities | 920 | 922 | 1.0k | 1.1k | 1.2k | 1.4k | 1.6k | 1.7k |
| AssetsFixed Assets | 591 | 547 | 508 | 494 | 496 | 553 | 573 | 604 |
| CWIP | 0 | 3 | 1 | 5 | 5 | 20 | 9 | 15 |
| Investments | 21 | 21 | 77 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 308 | 351 | 463 | 554 | 717 | 850 | 985 | 1.1k |
| Total Assets | 920 | 922 | 1.0k | 1.1k | 1.2k | 1.4k | 1.6k | 1.7k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 121 | 207 | 136 | 92 | 131 | 135 | 233 | 161 |
| Cash from Investing | -80 | -46 | -15 | -74 | 39 | -69 | -86 | -96 |
| Cash from Financing | -38 | -118 | -57 | -61 | -55 | -43 | -55 | -84 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 47 | 160 | 116 | 73 | 76 | 51 | 132 | 33 |
| 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 (18.8×) and current (23.5×) 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 22.3% growth and a 19× exit, ₹2287 only delivers your return if you pay ₹2,296. The price is currently baking in 22% growth.
EPS grows 22.3%/yr for 5 years, then fades to 6% over 2, exits at 19×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 22.3% | 118.77 |
| FY28 | 22.3% | 145.25 |
| FY29 | 22.3% | 177.64 |
| FY30 | 22.3% | 217.26 |
| FY31 | 22.3% | 265.70 |
| FY32 | 14.2% ·fade | 303.30 |
| FY33 | 6.0% ·fade | 321.50 |
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.