Mumbai-based HR-solutions provider running staffing, recruitment, payroll and compliance outsourcing for IT and non-IT clients in India, with a US subsidiary and a UAE associate.
Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 7 | 7 | 9 | 9 | 9 |
| Reserves | 6 | 8 | 12 | 25 | 34 | 48 | 52 | 58 |
| Borrowings | 24 | 25 | 28 | 27 | 31 | 35 | 46 | 52 |
| Other Liabilities | 10 | 9 | 7 | 7 | 12 | 14 | 19 | 28 |
| Total Liabilities | 45 | 47 | 53 | 66 | 84 | 105 | 127 | 146 |
| AssetsFixed Assets | 3 | 3 | 3 | 8 | 11 | 10 | 11 | 11 |
| CWIP | 3 | 3 | 4 | 1 | 0 | 1 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Other Assets | 39 | 40 | 46 | 58 | 72 | 94 | 114 | 135 |
| Total Assets | 45 | 47 | 53 | 66 | 84 | 105 | 127 | 146 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -2 | 1 | 0 | 1 | -2 | -6 | -5 |
| Cash from Investing | -1 | -1 | -1 | -3 | -3 | -1 | 0 |
| Cash from Financing | 4 | -2 | 1 | 5 | 3 | 8 | 12 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | -2 | 0 | 0 | -1 | -6 | -7 | -6 |
| 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 (15.3×) and current (10.9×) 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 10% growth and a 11× exit, ₹235 only delivers your return if you pay ₹165. The price is currently baking in 17% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 11×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 23.79 |
| FY28 | 10.0% | 26.17 |
| FY29 | 10.0% | 28.79 |
| FY30 | 10.0% | 31.67 |
| FY31 | 10.0% | 34.84 |
| FY32 | 8.0% ·fade | 37.62 |
| FY33 | 6.0% ·fade | 39.88 |
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.