Designs, fabricates and commissions process-fired heaters, reformers and cracking furnaces for refineries.
Price
Market Cap
Sector
Industrials
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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 1 | 1 | 10 | 10 | 10 | 11 | 11 | 11 |
| Reserves | 20 | 36 | 63 | 113 | 185 | 492 | 507 | 555 |
| Borrowings | 0 | 12 | 15 | 44 | 66 | 19 | 24 | 58 |
| Other Liabilities | 17 | 68 | 180 | 171 | 253 | 266 | 229 | 347 |
| Total Liabilities | 38 | 117 | 267 | 337 | 514 | 788 | 772 | 972 |
| AssetsFixed Assets | 1 | 3 | 20 | 21 | 23 | 29 | 28 | 29 |
| CWIP | 0 | 0 | 0 | 0 | 3 | 6 | 8 | 7 |
| Investments | 0 | 0 | 11 | 0 | 0 | 0 | 1 | 15 |
| Other Assets | 37 | 113 | 236 | 317 | 487 | 754 | 735 | 921 |
| Total Assets | 38 | 117 | 267 | 337 | 514 | 788 | 772 | 972 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 7 | 13 | 33 | -8 | -10 | -66 | 20 |
| Cash from Investing | -4 | -8 | -25 | -24 | -15 | -14 | -163 |
| Cash from Financing | -1 | 0 | 6 | 25 | 14 | 218 | 23 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 7 | 10 | 13 | -15 | -21 | -74 | 12 |
| 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 (68.7×) and current (42.0×) 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 42× exit, ₹487 only delivers your return if you pay ₹238. The price is currently baking in 18% growth.
EPS grows 3.2%/yr for 5 years, then fades to 6% over 2, exits at 42×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 3.2% | 11.97 |
| FY28 | 3.2% | 12.35 |
| FY29 | 3.2% | 12.75 |
| FY30 | 3.2% | 13.16 |
| FY31 | 3.2% | 13.58 |
| FY32 | 4.6% ·fade | 14.20 |
| FY33 | 6.0% ·fade | 15.06 |
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.