Raipur-based manufacturer of hot-rolled steel structurals — beams, joists, channels, angles and railway sleepers.
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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 14 | 15 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 82 | 93 | 107 | 111 | 116 | 123 | 126 | 132 |
| Borrowings | 79 | 81 | 45 | 43 | 41 | 46 | 62 | 58 |
| Other Liabilities | 34 | 32 | 31 | 47 | 51 | 49 | 48 | 53 |
| Total Liabilities | 208 | 221 | 200 | 218 | 225 | 234 | 252 | 260 |
| AssetsFixed Assets | 63 | 61 | 60 | 65 | 69 | 70 | 72 | 73 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 28 | 28 | 26 | 24 | 18 | 18 | 18 | 18 |
| Other Assets | 117 | 133 | 115 | 130 | 139 | 146 | 162 | 169 |
| Total Assets | 208 | 221 | 200 | 218 | 225 | 234 | 252 | 260 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 18 | 35 | -4 | 44 | 2 | 14 | 9 | 8 |
| Cash from Investing | -7 | -3 | 1 | -5 | -11 | -6 | -11 | -15 |
| Cash from Financing | -11 | -31 | 5 | -26 | -5 | -8 | 1 | 7 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 15 | 31 | -7 | 39 | -9 | 5 | 0 | -3 |
| 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 (79.5×) and current (174.5×) 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 23.3% growth and a 80× exit, ₹830 only delivers your return if you pay ₹496. The price is currently baking in 35% growth.
EPS grows 23.3%/yr for 5 years, then fades to 6% over 2, exits at 80×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 23.3% | 5.87 |
| FY28 | 23.3% | 7.24 |
| FY29 | 23.3% | 8.92 |
| FY30 | 23.3% | 11.00 |
| FY31 | 23.3% | 13.57 |
| FY32 | 14.7% ·fade | 15.55 |
| FY33 | 6.0% ·fade | 16.49 |
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.