India's leading electric bus maker, with vertically integrated auto components, EV batteries and tooling businesses.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 680 | 722 | 873 | 1.0k | 1.1k | 1.3k | 1.4k | 1.5k |
| Borrowings | 627 | 845 | 1.4k | 1.7k | 2.1k | 2.6k | 3.2k | 3.0k |
| Other Liabilities | 678 | 873 | 944 | 807 | 1.6k | 1.9k | 1.7k | 2.8k |
| Total Liabilities | 2.0k | 2.5k | 3.2k | 3.5k | 4.9k | 5.8k | 6.3k | 7.4k |
| AssetsFixed Assets | 861 | 930 | 1.2k | 1.5k | 1.7k | 1.7k | 1.7k | 1.6k |
| CWIP | 90 | 300 | 180 | 268 | 131 | 73 | 78 | 158 |
| Investments | 54 | 54 | 49 | 74 | 79 | 94 | 101 | 409 |
| Other Assets | 1.0k | 1.2k | 1.8k | 1.7k | 2.9k | 4.0k | 4.4k | 5.2k |
| Total Assets | 2.0k | 2.5k | 3.2k | 3.5k | 4.9k | 5.8k | 6.3k | 7.4k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 152 | 370 | 216 | -142 | 484 | 205 | 394 | -60 |
| Cash from Investing | -190 | -123 | -363 | -295 | -646 | -443 | -556 | -258 |
| Cash from Financing | 46 | -236 | 140 | 454 | 159 | 248 | 224 | 314 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -20 | 249 | -131 | -409 | -134 | -19 | 281 | -358 |
| 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 (101.9×) and current (93.7×) 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 13.3% growth and a 94× exit, ₹656 only delivers your return if you pay ₹538. The price is currently baking in 17% growth.
EPS grows 13.3%/yr for 5 years, then fades to 6% over 2, exits at 94×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 13.3% | 7.94 |
| FY28 | 13.3% | 9.00 |
| FY29 | 13.3% | 10.20 |
| FY30 | 13.3% | 11.55 |
| FY31 | 13.3% | 13.09 |
| FY32 | 9.7% ·fade | 14.35 |
| FY33 | 6.0% ·fade | 15.21 |
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.