Ahmedabad-based manufacturer of reactive dyes (Nikafix, Nikazol) and specialty textile chemicals — pigment emulsions, auxiliaries and coating agents — for domestic and export textile markets.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 8 | 8 | 8 | 8 | 8 | 10 |
| Reserves | 22 | 24 | 25 | 28 | 28 | 57 |
| Borrowings | 10 | 10 | 13 | 15 | 15 | 16 |
| Other Liabilities | 25 | 21 | 14 | 17 | 20 | 14 |
| Total Liabilities | 65 | 63 | 61 | 68 | 71 | 97 |
| AssetsFixed Assets | 2 | 4 | 5 | 5 | 5 | 5 |
| CWIP | 3 | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 61 | 59 | 55 | 63 | 66 | 92 |
| Total Assets | 65 | 63 | 61 | 68 | 71 | 97 |
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ActivitiesCash from Operating | 3 | 2 | -1 | 0 | -8 |
| Cash from Investing | -1 | -1 | -1 | 0 | -7 |
| Cash from Financing | -2 | -1 | 2 | 0 | 25 |
| SummaryCapital Expenditure | — | — | — | — | — |
| Free Cash Flow | 2 | 1 | -2 | 0 | -8 |
| 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 (17.6×) 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 10% growth and a 18× exit, ₹246 only delivers your return if you pay ₹107. The price is currently baking in 28% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 18×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 9.46 |
| FY28 | 10.0% | 10.41 |
| FY29 | 10.0% | 11.45 |
| FY30 | 10.0% | 12.59 |
| FY31 | 10.0% | 13.85 |
| FY32 | 8.0% ·fade | 14.96 |
| FY33 | 6.0% ·fade | 15.86 |
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.