Mumbai-headquartered maker of precision seamless and welded steel tubes and cold-formed coupling nuts for automotive, hydraulic-systems and general-engineering OEMs, with an integrated plant in Halol, Gujarat.
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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 140 | 165 | 141 | 176 | 217 | 260 | 281 | 310 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 15 | 20 | 19 | 20 | 20 | 20 | 25 | 24 |
| Total Liabilities | 162 | 192 | 166 | 202 | 243 | 286 | 312 | 340 |
| AssetsFixed Assets | 48 | 45 | 47 | 44 | 43 | 43 | 42 | 42 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 69 | 94 | 73 | 85 | 132 | 170 | 188 | 213 |
| Other Assets | 44 | 53 | 47 | 73 | 68 | 73 | 81 | 85 |
| Total Assets | 162 | 192 | 166 | 202 | 243 | 286 | 312 | 340 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 31 | 19 | 32 | 42 | 45 | 26 | 47 | 55 |
| Cash from Investing | -17 | 56 | -20 | 22 | -7 | -37 | -30 | -34 |
| Cash from Financing | -15 | -76 | -12 | -64 | -12 | -15 | -16 | -18 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 27 | 18 | 31 | 38 | 44 | 25 | 43 | 53 |
| 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 (15.9×) and current (15.4×) 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 12.9% growth and a 15× exit, ₹868 only delivers your return if you pay ₹675. The price is currently baking in 18% growth.
EPS grows 12.9%/yr for 5 years, then fades to 6% over 2, exits at 15×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 12.9% | 63.51 |
| FY28 | 12.9% | 71.70 |
| FY29 | 12.9% | 80.95 |
| FY30 | 12.9% | 91.39 |
| FY31 | 12.9% | 103.18 |
| FY32 | 9.4% ·fade | 112.93 |
| FY33 | 6.0% ·fade | 119.71 |
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.