India-based renewable-energy EPC firm building solar (turnkey/BOS), solar trackers and BESS projects, alongside an EV-leasing (Let'sEV) and EV-manufacturing (Ezio/Ezibot) arm.
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| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 0 | 6 | 8 | 8 | 11 | 12 | 38 | 38 |
| Reserves | 7 | 7 | 25 | 28 | 36 | 195 | 288 | 551 |
| Borrowings | 1 | 9 | 11 | 11 | 82 | 598 | 1.5k | 1.4k |
| Other Liabilities | 19 | 22 | 30 | 23 | 79 | 261 | 489 | 591 |
| Total Liabilities | 26 | 43 | 74 | 70 | 208 | 1.1k | 2.3k | 2.6k |
| AssetsFixed Assets | 1 | 8 | 8 | 7 | 55 | 293 | 723 | 257 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 41 | 88 | 171 |
| Investments | 0 | 0 | 0 | 0 | 0 | 7 | 7 | 7 |
| Other Assets | 26 | 35 | 66 | 63 | 152 | 725 | 1.5k | 2.1k |
| Total Assets | 26 | 43 | 74 | 70 | 208 | 1.1k | 2.3k | 2.6k |
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 0 | 2 | 3 | -18 | 6 | -50 | 115 | -98 |
| Cash from Investing | -1 | -1 | -8 | 0 | -1 | -60 | -706 | -668 |
| Cash from Financing | 0 | 0 | 6 | 20 | -4 | 109 | 709 | 859 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 0 | 1 | -5 | -18 | 6 | -101 | -324 | -577 |
| 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 (51.7×) and current (0.9×) 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 134.8% growth and a 1× exit, ₹24 only delivers your return if you pay ₹1,310. The price is currently baking in 15% growth.
EPS grows 134.8%/yr for 5 years, then fades to 6% over 2, exits at 1×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 134.8% | 63.49 |
| FY28 | 134.8% | 149.07 |
| FY29 | 134.8% | 350.03 |
| FY30 | 134.8% | 821.86 |
| FY31 | 134.8% | 1929.73 |
| FY32 | 70.4% ·fade | 3288.26 |
| FY33 | 6.0% ·fade | 3485.56 |
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.