Engineering group making specialised batteries, defence electronics and rail-signalling systems from in-house R&D.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 745 | 754 | 838 | 924 | 1.2k | 1.5k | 2.0k | 2.2k |
| Borrowings | 161 | 70 | 63 | 86 | 67 | 74 | 87 | 67 |
| Other Liabilities | 169 | 184 | 204 | 257 | 366 | 422 | 605 | 661 |
| Total Liabilities | 1.1k | 1.0k | 1.1k | 1.3k | 1.7k | 2.0k | 2.7k | 2.9k |
| AssetsFixed Assets | 304 | 279 | 265 | 320 | 354 | 397 | 416 | 441 |
| CWIP | 27 | 43 | 81 | 50 | 20 | 68 | 129 | 127 |
| Investments | 6 | 7 | 8 | 9 | 108 | 290 | 319 | 402 |
| Other Assets | 766 | 707 | 779 | 915 | 1.2k | 1.2k | 1.8k | 2.0k |
| Total Assets | 1.1k | 1.0k | 1.1k | 1.3k | 1.7k | 2.0k | 2.7k | 2.9k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 167 | 149 | 121 | 62 | 122 | 270 | 239 | 738 |
| Cash from Investing | 1 | -6 | -32 | -17 | -50 | -137 | -320 | -214 |
| Cash from Financing | -163 | -114 | -104 | -22 | 10 | -42 | -26 | -113 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 168 | 140 | 86 | 41 | 68 | 204 | 120 | 618 |
| 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 (44.8×) and current (24.1×) 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 100.8% growth and a 24× exit, ₹699 only delivers your return if you pay ₹13,865. The price is currently baking in 18% growth.
EPS grows 100.8%/yr for 5 years, then fades to 6% over 2, exits at 24×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 100.8% | 58.13 |
| FY28 | 100.8% | 116.73 |
| FY29 | 100.8% | 234.39 |
| FY30 | 100.8% | 470.66 |
| FY31 | 100.8% | 945.08 |
| FY32 | 53.4% ·fade | 1449.75 |
| FY33 | 6.0% ·fade | 1536.73 |
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.