India's leading electric bus manufacturer, also the country's largest maker of composite polymer insulators.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | 700 | 708 | 744 | 807 | 881 | 1.0k | 1.1k | 1.2k |
| Borrowings | 30 | 8 | 67 | 134 | 121 | 255 | 366 | 380 |
| Other Liabilities | 219 | 185 | 346 | 583 | 554 | 867 | 876 | 959 |
| Total Liabilities | 981 | 934 | 1.2k | 1.6k | 1.6k | 2.2k | 2.4k | 2.6k |
| AssetsFixed Assets | 151 | 290 | 325 | 356 | 330 | 355 | 402 | 574 |
| CWIP | 0 | 0 | 3 | 4 | 72 | 187 | 207 | 82 |
| Investments | 0 | 0 | 0 | 2 | 11 | 73 | 92 | 94 |
| Other Assets | 831 | 645 | 862 | 1.2k | 1.2k | 1.6k | 1.7k | 1.8k |
| Total Assets | 981 | 934 | 1.2k | 1.6k | 1.6k | 2.2k | 2.4k | 2.6k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -130 | -219 | 209 | 121 | -10 | 143 | 141 | 104 |
| Cash from Investing | -307 | 199 | -177 | -164 | -38 | -86 | -225 | -167 |
| Cash from Financing | 457 | 0 | -22 | 50 | 35 | -56 | 83 | 67 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -231 | -206 | 49 | 54 | -75 | 64 | -36 | -55 |
| 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 (90.3×) and current (70.3×) 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 38.8% growth and a 70× exit, ₹1520 only delivers your return if you pay ₹3,803. The price is currently baking in 18% growth.
EPS grows 38.8%/yr for 5 years, then fades to 6% over 2, exits at 70×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 38.8% | 30.01 |
| FY28 | 38.8% | 41.65 |
| FY29 | 38.8% | 57.81 |
| FY30 | 38.8% | 80.24 |
| FY31 | 38.8% | 111.38 |
| FY32 | 22.4% ·fade | 136.33 |
| FY33 | 6.0% ·fade | 144.51 |
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.