Steel-product manufacturer: engineering structures, forgings, precision tubes and, via a subsidiary, artillery shells.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 5 | 6 | 7 | 7 | 7 |
| Reserves | 341 | 379 | 461 | 615 | 1.1k | 1.3k | 1.4k | 1.5k |
| Borrowings | 510 | 534 | 590 | 598 | 612 | 882 | 1.0k | 1.1k |
| Other Liabilities | 143 | 180 | 197 | 253 | 301 | 337 | 368 | 436 |
| Total Liabilities | 999 | 1.1k | 1.3k | 1.5k | 2.0k | 2.5k | 2.8k | 3.0k |
| AssetsFixed Assets | 341 | 325 | 364 | 401 | 522 | 800 | 808 | 1.2k |
| CWIP | 1 | 12 | 31 | 37 | 76 | 244 | 353 | 121 |
| Investments | 0 | 0 | 0 | 4 | 4 | 14 | 15 | 15 |
| Other Assets | 657 | 760 | 859 | 1.0k | 1.4k | 1.5k | 1.6k | 1.7k |
| Total Assets | 999 | 1.1k | 1.3k | 1.5k | 2.0k | 2.5k | 2.8k | 3.0k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 57 | 58 | 43 | 78 | 65 | -46 | 158 | 200 |
| Cash from Investing | -50 | -29 | -22 | -85 | -78 | -186 | -473 | -333 |
| Cash from Financing | -8 | -28 | -23 | 6 | 13 | 337 | 212 | 132 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 4 | 28 | 20 | -7 | -11 | -241 | -332 | -146 |
| 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 (19.8×) and current (26.2×) 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 28.1% growth and a 20× exit, ₹1423 only delivers your return if you pay ₹1,750. The price is currently baking in 23% growth.
EPS grows 28.1%/yr for 5 years, then fades to 6% over 2, exits at 20×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 28.1% | 69.65 |
| FY28 | 28.1% | 89.22 |
| FY29 | 28.1% | 114.29 |
| FY30 | 28.1% | 146.40 |
| FY31 | 28.1% | 187.54 |
| FY32 | 17.1% ·fade | 219.52 |
| FY33 | 6.0% ·fade | 232.69 |
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.