India's largest maker of leaf & parabolic springs and suspension systems for commercial vehicles.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 477 | 540 | 645 | 744 | 863 | 953 | 996 | 1.1k |
| Borrowings | 152 | 125 | 191 | 30 | 293 | 358 | 12 | 12 |
| Other Liabilities | 121 | 292 | 317 | 226 | 154 | 174 | 416 | 489 |
| Total Liabilities | 790 | 998 | 1.2k | 1.0k | 1.4k | 1.5k | 1.5k | 1.6k |
| AssetsFixed Assets | 369 | 351 | 436 | 434 | 468 | 504 | 602 | 849 |
| CWIP | 132 | 134 | 53 | 56 | 121 | 275 | 270 | 108 |
| Investments | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 0 |
| Other Assets | 289 | 512 | 703 | 550 | 761 | 742 | 589 | 692 |
| Total Assets | 790 | 998 | 1.2k | 1.0k | 1.4k | 1.5k | 1.5k | 1.6k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 281 | -1 | 100 | 1 | 374 | 90 | 289 | 510 |
| Cash from Investing | -130 | -97 | -18 | -36 | -88 | -160 | -189 | -245 |
| Cash from Financing | -139 | 80 | -45 | 20 | -257 | 92 | -34 | -302 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 151 | -101 | 82 | -36 | 286 | -73 | 103 | 261 |
| 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 (23.8×) and current (23.6×) 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 12.8% growth and a 24× exit, ₹137 only delivers your return if you pay ₹111. The price is currently baking in 17% growth.
EPS grows 12.8%/yr for 5 years, then fades to 6% over 2, exits at 24×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 12.8% | 6.53 |
| FY28 | 12.8% | 7.37 |
| FY29 | 12.8% | 8.31 |
| FY30 | 12.8% | 9.37 |
| FY31 | 12.8% | 10.57 |
| FY32 | 9.4% ·fade | 11.57 |
| FY33 | 6.0% ·fade | 12.26 |
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.