VAD linking OEMs, system integrators and enterprises across cybersecurity, ILM, data-center and cloud stacks.
Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 4 | 5 | 4 | 8 | 11 | 11 |
| Reserves | 191 | 237 | 297 | 369 | 454 | 494 | 552 |
| Borrowings | 38 | 20 | 45 | 69 | 68 | 100 | 66 |
| Other Liabilities | 271 | 350 | 716 | 544 | 607 | 835 | 769 |
| Total Liabilities | 504 | 611 | 1.1k | 985 | 1.1k | 1.4k | 1.4k |
| AssetsFixed Assets | 9 | 8 | 36 | 40 | 35 | 39 | 28 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 20 | 46 | 17 | 6 | 6 | 16 | 159 |
| Other Assets | 475 | 557 | 1.0k | 939 | 1.1k | 1.4k | 1.2k |
| Total Assets | 504 | 611 | 1.1k | 985 | 1.1k | 1.4k | 1.4k |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -2 | 32 | -13 | 67 | 36 | 101 |
| Cash from Investing | 11 | -24 | 27 | 22 | -37 | -98 |
| Cash from Financing | -1 | -29 | 16 | -22 | -14 | -8 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | -2 | 30 | -16 | 63 | 35 | 101 |
| 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 (13.7×) and current (16.2×) 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 12% growth and a 14× exit, ₹288 only delivers your return if you pay ₹190. The price is currently baking in 21% growth.
EPS grows 12%/yr for 5 years, then fades to 6% over 2, exits at 14×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 12.0% | 19.89 |
| FY28 | 12.0% | 22.28 |
| FY29 | 12.0% | 24.95 |
| FY30 | 12.0% | 27.95 |
| FY31 | 12.0% | 31.30 |
| FY32 | 9.0% ·fade | 34.12 |
| FY33 | 6.0% ·fade | 36.16 |
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.