Makes watch dials, hands, bracelets & precision-stamped parts; parent of Ethos, India's largest luxury watch retailer.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 12 | 12 | 13 | 13 | 13 | 12 | 12 | 12 |
| Reserves | 158 | 161 | 204 | 241 | 384 | 319 | 1.0k | 372 |
| Borrowings | 90 | 84 | 73 | 83 | 72 | 131 | 467 | 141 |
| Other Liabilities | 41 | 43 | 62 | 77 | 97 | 82 | 1.1k | 101 |
| Total Liabilities | 300 | 300 | 352 | 413 | 566 | 544 | 2.7k | 625 |
| AssetsFixed Assets | 107 | 102 | 103 | 111 | 112 | 173 | 687 | 183 |
| CWIP | 2 | 1 | 2 | 9 | 34 | 12 | 26 | 4 |
| Investments | 101 | 107 | 138 | 146 | 138 | 165 | 6 | 187 |
| Other Assets | 90 | 89 | 109 | 147 | 282 | 194 | 1.9k | 252 |
| Total Assets | 300 | 300 | 352 | 413 | 566 | 544 | 2.7k | 625 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 27 | 29 | 27 | 28 | 40 | 80 | 15 | 46 |
| Cash from Investing | -33 | -30 | -12 | -29 | -16 | 150 | -49 | -2 |
| Cash from Financing | 7 | 8 | -14 | 4 | -32 | -98 | -100 | -32 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 4 | 17 | 19 | 28 | 37 | 44 | -9 | 20 |
| 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 (65.4×) and current (62.4×) 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 -5.6% growth and a 62× exit, ₹2960 only delivers your return if you pay ₹880. The price is currently baking in 18% growth.
EPS grows -5.6%/yr for 5 years, then fades to 6% over 2, exits at 62×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | -5.6% | 44.76 |
| FY28 | -5.6% | 42.25 |
| FY29 | -5.6% | 39.88 |
| FY30 | -5.6% | 37.65 |
| FY31 | -5.6% | 35.54 |
| FY32 | 0.2% ·fade | 35.61 |
| FY33 | 6.0% ·fade | 37.75 |
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.