Tier-1 automotive lighting maker supplying LED and conventional lighting systems to nearly all Indian OEMs.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 437 | 451 | 482 | 574 | 662 | 765 | 806 | 908 |
| Borrowings | 347 | 338 | 401 | 431 | 723 | 888 | 989 | 973 |
| Other Liabilities | 490 | 564 | 654 | 852 | 1.2k | 1.2k | 1.3k | 1.5k |
| Total Liabilities | 1.3k | 1.4k | 1.5k | 1.9k | 2.6k | 2.9k | 3.1k | 3.4k |
| AssetsFixed Assets | 653 | 627 | 711 | 749 | 968 | 1.1k | 1.3k | 1.4k |
| CWIP | 32 | 47 | 48 | 43 | 178 | 212 | 129 | 105 |
| Investments | 90 | 92 | 102 | 147 | 179 | 246 | 272 | 278 |
| Other Assets | 508 | 596 | 685 | 927 | 1.3k | 1.3k | 1.4k | 1.6k |
| Total Assets | 1.3k | 1.4k | 1.5k | 1.9k | 2.6k | 2.9k | 3.1k | 3.4k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 104 | 103 | 76 | 108 | 108 | 133 | 212 | 373 |
| Cash from Investing | -97 | -194 | -31 | -129 | -90 | -245 | -293 | -265 |
| Cash from Financing | -6 | 96 | -51 | 34 | -26 | 137 | 59 | -92 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -8 | -63 | 14 | -21 | 19 | -124 | -110 | 86 |
| 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 (21.3×) and current (28.6×) 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 18.5% growth and a 21× exit, ₹5280 only delivers your return if you pay ₹4,050. The price is currently baking in 24% growth.
EPS grows 18.5%/yr for 5 years, then fades to 6% over 2, exits at 21×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 18.5% | 218.67 |
| FY28 | 18.5% | 259.12 |
| FY29 | 18.5% | 307.06 |
| FY30 | 18.5% | 363.87 |
| FY31 | 18.5% | 431.18 |
| FY32 | 12.3% ·fade | 484.00 |
| FY33 | 6.0% ·fade | 513.04 |
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.