Decorative paints maker (putty, emulsions, enamels, distempers) running 6 factories across Rajasthan, Tamil Nadu and Kerala, plus construction-chemicals arm Apple Chemie.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 29 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
| Reserves | 150 | 516 | 602 | 729 | 867 | 1.0k | 1.0k | 1.1k |
| Borrowings | 75 | 9 | 12 | 12 | 17 | 20 | 18 | 18 |
| Other Liabilities | 169 | 239 | 258 | 274 | 290 | 290 | 317 | 369 |
| Total Liabilities | 422 | 811 | 920 | 1.1k | 1.2k | 1.4k | 1.4k | 1.6k |
| AssetsFixed Assets | 201 | 249 | 253 | 265 | 548 | 525 | 540 | 580 |
| CWIP | 1 | 3 | 51 | 251 | 15 | 135 | 219 | 220 |
| Investments | 21 | 50 | 173 | 132 | 188 | 247 | 238 | 289 |
| Other Assets | 199 | 509 | 442 | 414 | 471 | 451 | 424 | 481 |
| Total Assets | 422 | 811 | 920 | 1.1k | 1.2k | 1.4k | 1.4k | 1.6k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 50 | 72 | 121 | 65 | 116 | 152 | 205 | 211 |
| Cash from Investing | -62 | -61 | -318 | -69 | -84 | -143 | -175 | -194 |
| Cash from Financing | 19 | -17 | 236 | -5 | -20 | -24 | -25 | -26 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -12 | 11 | 55 | -56 | -81 | 51 | 72 | 79 |
| 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 (40.2×) and current (33.6×) 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 3.2% growth and a 34× exit, ₹1025 only delivers your return if you pay ₹506. The price is currently baking in 17% growth.
EPS grows 3.2%/yr for 5 years, then fades to 6% over 2, exits at 34×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 3.2% | 31.47 |
| FY28 | 3.2% | 32.47 |
| FY29 | 3.2% | 33.51 |
| FY30 | 3.2% | 34.58 |
| FY31 | 3.2% | 35.69 |
| FY32 | 4.6% ·fade | 37.33 |
| FY33 | 6.0% ·fade | 39.57 |
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.