Makes electric meters, switchgear, lighting, wires & cables and fans for Indian utilities and consumers.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
| Reserves | 684 | 694 | 700 | 729 | 764 | 851 | 891 | 936 |
| Borrowings | 586 | 582 | 597 | 600 | 627 | 639 | 742 | 755 |
| Other Liabilities | 234 | 250 | 276 | 307 | 419 | 540 | 566 | 643 |
| Total Liabilities | 1.6k | 1.6k | 1.6k | 1.7k | 1.9k | 2.1k | 2.3k | 2.4k |
| AssetsFixed Assets | 494 | 464 | 447 | 451 | 461 | 498 | 586 | 614 |
| CWIP | 3 | 2 | 10 | 9 | 10 | 8 | 47 | 41 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 10 |
| Other Assets | 1.1k | 1.1k | 1.2k | 1.2k | 1.4k | 1.6k | 1.6k | 1.7k |
| Total Assets | 1.6k | 1.6k | 1.6k | 1.7k | 1.9k | 2.1k | 2.3k | 2.4k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 83 | 63 | 85 | 101 | 104 | 100 | 138 | 226 |
| Cash from Investing | -57 | -60 | -8 | -41 | -40 | -39 | -70 | -223 |
| Cash from Financing | -29 | -3 | -71 | -58 | -74 | -72 | -66 | 16 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 22 | -1 | 72 | 57 | 61 | 57 | 63 | 10 |
| 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 (38.4×) and current (27.1×) 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 46.4% growth and a 27× exit, ₹384 only delivers your return if you pay ₹1,292. The price is currently baking in 18% growth.
EPS grows 46.4%/yr for 5 years, then fades to 6% over 2, exits at 27×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 46.4% | 20.72 |
| FY28 | 46.4% | 30.33 |
| FY29 | 46.4% | 44.40 |
| FY30 | 46.4% | 65.00 |
| FY31 | 46.4% | 95.16 |
| FY32 | 26.2% ·fade | 120.09 |
| FY33 | 6.0% ·fade | 127.30 |
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.