Bengaluru-based engineering R&D and IT services firm building embedded systems, IoT, product engineering and technical-staffing solutions for global OEM clients in medical devices, semiconductors, data storage and analytical instruments.
Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 25 | 25 | 25 | 25 | 25 | 32 | 32 | 32 |
| Reserves | 104 | 115 | 150 | 166 | 196 | 228 | 248 | 272 |
| Borrowings | 13 | 26 | 8 | 6 | 2 | 7 | 6 | 4 |
| Other Liabilities | 42 | 41 | 46 | 46 | 52 | 54 | 53 | 62 |
| Total Liabilities | 184 | 207 | 229 | 243 | 276 | 322 | 339 | 370 |
| AssetsFixed Assets | 51 | 38 | 38 | 36 | 33 | 38 | 35 | 33 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56 |
| Other Assets | 133 | 169 | 191 | 207 | 243 | 284 | 304 | 280 |
| Total Assets | 184 | 207 | 229 | 243 | 276 | 322 | 339 | 370 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -13 | 15 | 34 | 22 | 13 | 22 | 24 | 26 |
| Cash from Investing | -2 | 13 | -25 | -19 | -7 | -12 | -5 | -28 |
| Cash from Financing | -3 | -9 | 13 | -3 | -15 | -2 | 1 | -7 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -14 | 13 | 33 | 21 | 11 | 21 | 23 | 26 |
| 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 (23.4×) and current (20.5×) 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 16.3% growth and a 21× exit, ₹202 only delivers your return if you pay ₹195. The price is currently baking in 17% growth.
EPS grows 16.3%/yr for 5 years, then fades to 6% over 2, exits at 21×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 16.3% | 11.48 |
| FY28 | 16.3% | 13.35 |
| FY29 | 16.3% | 15.53 |
| FY30 | 16.3% | 18.06 |
| FY31 | 16.3% | 21.00 |
| FY32 | 11.2% ·fade | 23.34 |
| FY33 | 6.0% ·fade | 24.74 |
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.