Vasai (Maharashtra)-based ODM manufacturer of flexible LED strip, neon and linear lighting products supplied to OEM/brand clients.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 3 | 3 | 3 | 3 | 8 | 10 | 10 | 10 | 10 |
| Reserves | -2 | -2 | -2 | 0 | 1 | 22 | 30 | 35 | 38 |
| Borrowings | 3 | 6 | 7 | 9 | 14 | 18 | 28 | 32 | 35 |
| Other Liabilities | 2 | 2 | 3 | 7 | 7 | 7 | 12 | 22 | 17 |
| Total Liabilities | 5 | 8 | 12 | 19 | 30 | 58 | 81 | 100 | 100 |
| AssetsFixed Assets | 1 | 1 | 2 | 5 | 6 | 13 | 22 | 22 | 25 |
| CWIP | 0 | 1 | 0 | 0 | 1 | 2 | 3 | 3 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4 | 6 | 9 | 14 | 23 | 43 | 56 | 74 | 72 |
| Total Assets | 5 | 8 | 12 | 19 | 30 | 58 | 81 | 100 | 100 |
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 (7.9×) and current (5.2×) 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 10% growth and a 5× exit, ₹79 only delivers your return if you pay ₹53. The price is currently baking in 18% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 5×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 16.73 |
| FY28 | 10.0% | 18.40 |
| FY29 | 10.0% | 20.24 |
| FY30 | 10.0% | 22.27 |
| FY31 | 10.0% | 24.50 |
| FY32 | 8.0% ·fade | 26.46 |
| FY33 | 6.0% ·fade | 28.04 |
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.