Vertically integrated steel maker of MS pipes, tubes, GP/GI coils, scaffolding from 5 South India plants
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Market Cap
Sector
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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 13 | 17 | 17 | 28 | 29 | 31 | 31 | 31 |
| Reserves | 35 | 54 | 84 | 348 | 435 | 542 | 574 | 616 |
| Borrowings | 68 | 80 | 87 | 297 | 372 | 401 | 418 | 369 |
| Other Liabilities | 23 | 23 | 27 | 37 | 44 | 223 | 121 | 167 |
| Total Liabilities | 140 | 174 | 216 | 709 | 880 | 1.2k | 1.1k | 1.2k |
| AssetsFixed Assets | 50 | 59 | 54 | 135 | 366 | 424 | 473 | 479 |
| CWIP | 0 | 8 | 10 | 103 | 13 | 12 | 9 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| Other Assets | 90 | 107 | 152 | 471 | 501 | 761 | 661 | 680 |
| Total Assets | 140 | 174 | 216 | 709 | 880 | 1.2k | 1.1k | 1.2k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 6 | 1 | 10 | 4 | -101 | 5 | 79 | 192 |
| Cash from Investing | -32 | -12 | -23 | -4 | -222 | -182 | -86 | -110 |
| Cash from Financing | 30 | 9 | 12 | 0 | 426 | 74 | 31 | -107 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -26 | -11 | -13 | -1 | -323 | -136 | -25 | 73 |
| 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 (24.7×) and current (19.0×) 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 13.9% growth and a 19× exit, ₹415 only delivers your return if you pay ₹349. The price is currently baking in 18% growth.
EPS grows 13.9%/yr for 5 years, then fades to 6% over 2, exits at 19×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 13.9% | 24.92 |
| FY28 | 13.9% | 28.39 |
| FY29 | 13.9% | 32.33 |
| FY30 | 13.9% | 36.82 |
| FY31 | 13.9% | 41.94 |
| FY32 | 10.0% ·fade | 46.12 |
| FY33 | 6.0% ·fade | 48.88 |
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.