Makes steering systems and constant velocity joints for Indian passenger cars, SUVs and light commercial vehicles.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 24 | 24 | 24 | 24 | 25 | 25 | 28 | 28 |
| Reserves | 553 | 582 | 652 | 710 | 796 | 854 | 1.1k | 1.2k |
| Borrowings | 49 | 71 | 62 | 69 | 115 | 156 | 264 | 340 |
| Other Liabilities | 261 | 269 | 284 | 374 | 342 | 432 | 369 | 446 |
| Total Liabilities | 887 | 947 | 1.0k | 1.2k | 1.3k | 1.5k | 1.8k | 2.0k |
| AssetsFixed Assets | 391 | 367 | 447 | 499 | 503 | 581 | 661 | 827 |
| CWIP | 6 | 93 | 24 | 42 | 93 | 303 | 241 | 400 |
| Investments | 5 | 5 | 5 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 485 | 481 | 546 | 636 | 683 | 584 | 868 | 744 |
| Total Assets | 887 | 947 | 1.0k | 1.2k | 1.3k | 1.5k | 1.8k | 2.0k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 170 | 108 | 83 | 96 | 83 | 172 | 194 | 99 |
| Cash from Investing | 22 | -25 | -22 | -114 | -84 | -172 | -272 | -470 |
| Cash from Financing | -83 | -149 | -42 | 15 | -24 | 28 | 18 | 392 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 107 | 75 | 56 | -23 | -8 | -14 | -82 | -343 |
| 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 (50.2×) and current (54.4×) 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 -4.4% growth and a 50× exit, ₹137 only delivers your return if you pay ₹40. The price is currently baking in 19% growth.
EPS grows -4.4%/yr for 5 years, then fades to 6% over 2, exits at 50×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | -4.4% | 2.41 |
| FY28 | -4.4% | 2.30 |
| FY29 | -4.4% | 2.20 |
| FY30 | -4.4% | 2.10 |
| FY31 | -4.4% | 2.01 |
| FY32 | 0.8% ·fade | 2.03 |
| FY33 | 6.0% ·fade | 2.15 |
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.