India's largest branded TMT bar company, making steel rebars, structural steel and colour-coated sheets via an asset-light, franchisee-led manufacturing and dealer network
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 27 | 27 | 27 | 27 | 27 | 28 | 28 | 28 |
| Reserves | 154 | 168 | 197 | 140 | 210 | 289 | 336 | 368 |
| Borrowings | 127 | 100 | 94 | 4 | 3 | 1 | 1 | 9 |
| Other Liabilities | 157 | 136 | 142 | 38 | 44 | 51 | 61 | 44 |
| Total Liabilities | 464 | 431 | 460 | 208 | 284 | 368 | 426 | 450 |
| AssetsFixed Assets | 86 | 91 | 94 | 47 | 45 | 42 | 41 | 49 |
| CWIP | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 11 |
| Investments | 6 | 9 | 16 | 14 | 84 | 187 | 250 | 276 |
| Other Assets | 371 | 331 | 349 | 147 | 155 | 139 | 135 | 114 |
| Total Assets | 464 | 431 | 460 | 208 | 284 | 368 | 426 | 450 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 25 | -3 | 50 | 43 | 67 | 102 | 69 | 66 |
| Cash from Investing | -26 | -19 | -10 | -13 | -14 | -92 | -88 | -76 |
| Cash from Financing | 2 | 15 | -41 | -20 | -55 | 18 | 14 | 3 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -1 | -17 | 41 | 32 | 62 | 100 | 56 | 55 |
| 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 (19.8×) and current (15.4×) 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 17.2% growth and a 15× exit, ₹36 only delivers your return if you pay ₹35. The price is currently baking in 18% growth.
EPS grows 17.2%/yr for 5 years, then fades to 6% over 2, exits at 15×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 17.2% | 2.75 |
| FY28 | 17.2% | 3.23 |
| FY29 | 17.2% | 3.78 |
| FY30 | 17.2% | 4.43 |
| FY31 | 17.2% | 5.20 |
| FY32 | 11.6% ·fade | 5.80 |
| FY33 | 6.0% ·fade | 6.15 |
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.