India's leading industrial gases producer, majority-owned by Linde plc, with a Project Engineering (PED) arm building air separation and process plants.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 |
| Reserves | 2.1k | 2.1k | 2.6k | 3.0k | 3.3k | 3.7k | 3.9k | 4.1k |
| Borrowings | 108 | 7 | 24 | 22 | 21 | 42 | 67 | 79 |
| Other Liabilities | 970 | 1.0k | 1.3k | 1.2k | 1.3k | 1.3k | 1.3k | 1.5k |
| Total Liabilities | 3.2k | 3.3k | 4.0k | 4.4k | 4.8k | 5.1k | 5.4k | 5.8k |
| AssetsFixed Assets | 2.0k | 2.0k | 1.9k | 1.8k | 1.8k | 1.9k | 1.9k | 2.1k |
| CWIP | 53 | 17 | 68 | 225 | 483 | 975 | 1.3k | 1.3k |
| Investments | 0 | 2 | 2 | 16 | 27 | 42 | 62 | 43 |
| Other Assets | 1.1k | 1.3k | 2.1k | 2.4k | 2.4k | 2.2k | 2.1k | 2.3k |
| Total Assets | 3.2k | 3.3k | 4.0k | 4.4k | 4.8k | 5.1k | 5.4k | 5.8k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 376 | 327 | 339 | 589 | 629 | 437 | 584 | 786 |
| Cash from Investing | -73 | 981 | -54 | 98 | -306 | -539 | -1.3k | -705 |
| Cash from Financing | -216 | -1.2k | -201 | -28 | -119 | -105 | -112 | -116 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 286 | 251 | 271 | 454 | 280 | -127 | -739 | 25 |
| 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 (117.8×) and current (115.5×) 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 5.5% growth and a 116× exit, ₹7461 only delivers your return if you pay ₹4,127. The price is currently baking in 17% growth.
EPS grows 5.5%/yr for 5 years, then fades to 6% over 2, exits at 116×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 5.5% | 68.14 |
| FY28 | 5.5% | 71.89 |
| FY29 | 5.5% | 75.84 |
| FY30 | 5.5% | 80.02 |
| FY31 | 5.5% | 84.42 |
| FY32 | 5.8% ·fade | 89.27 |
| FY33 | 6.0% ·fade | 94.63 |
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.