Manufactures large-diameter LSAW/HSAW/ERW steel pipes for oil & gas, water and CGD pipelines globally.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 29 | 29 | 30 | 30 | 32 | 32 | 38 | 38 |
| Reserves | 718 | 806 | 913 | 1.1k | 1.4k | 1.6k | 1.9k | 2.0k |
| Borrowings | 294 | 296 | 57 | 301 | 326 | 476 | 561 | 628 |
| Other Liabilities | 787 | 655 | 821 | 427 | 684 | 1.7k | 1.5k | 2.3k |
| Total Liabilities | 1.8k | 1.8k | 1.8k | 1.9k | 2.4k | 3.8k | 4.0k | 5.0k |
| AssetsFixed Assets | 368 | 337 | 318 | 553 | 605 | 643 | 766 | 864 |
| CWIP | 4 | 1 | 20 | 14 | 31 | 133 | 143 | 326 |
| Investments | 102 | 103 | 102 | 0 | 228 | 26 | 26 | 71 |
| Other Assets | 1.4k | 1.3k | 1.4k | 1.3k | 1.6k | 3.0k | 3.1k | 3.8k |
| Total Assets | 1.8k | 1.8k | 1.8k | 1.9k | 2.4k | 3.8k | 4.0k | 5.0k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 137 | 214 | -60 | 451 | -120 | 345 | 68 | 515 |
| Cash from Investing | 0 | -46 | 4 | -119 | -135 | -279 | -41 | -594 |
| Cash from Financing | -138 | -37 | -63 | -267 | 211 | 86 | 30 | 136 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 111 | 204 | -72 | 405 | -328 | 228 | -86 | 175 |
| 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 (14.7×) and current (25.4×) 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 33.4% growth and a 15× exit, ₹588 only delivers your return if you pay ₹700. The price is currently baking in 29% growth.
EPS grows 33.4%/yr for 5 years, then fades to 6% over 2, exits at 15×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 33.4% | 30.90 |
| FY28 | 33.4% | 41.21 |
| FY29 | 33.4% | 54.98 |
| FY30 | 33.4% | 73.34 |
| FY31 | 33.4% | 97.84 |
| FY32 | 19.7% ·fade | 117.11 |
| FY33 | 6.0% ·fade | 124.14 |
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.