Makes defence & space optics, EO/IR systems, anti-drone tech and EMP-protection solutions for India.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 28 | 30 | 39 | 39 | 39 | 40 | 40 | 40 |
| Reserves | 144 | 177 | 339 | 374 | 406 | 600 | 631 | 685 |
| Borrowings | 103 | 106 | 31 | 15 | 66 | 24 | 56 | 27 |
| Other Liabilities | 66 | 50 | 48 | 93 | 129 | 188 | 195 | 212 |
| Total Liabilities | 342 | 363 | 458 | 520 | 640 | 852 | 923 | 965 |
| AssetsFixed Assets | 158 | 157 | 154 | 170 | 186 | 190 | 205 | 198 |
| CWIP | 5 | 1 | 0 | 5 | 4 | 11 | 8 | 9 |
| Investments | 0 | 1 | 4 | 12 | 22 | 28 | 29 | 33 |
| Other Assets | 180 | 204 | 300 | 335 | 427 | 623 | 681 | 725 |
| Total Assets | 342 | 363 | 458 | 520 | 640 | 852 | 923 | 965 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | — | -3 | 4 | 12 | 46 | -46 | 45 | 25 |
| Cash from Investing | — | -5 | -6 | -77 | 10 | -2 | -87 | -17 |
| Cash from Financing | — | 9 | 5 | 63 | -41 | 33 | 74 | -17 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | — | -7 | -1 | 6 | 22 | -71 | 10 | -10 |
| 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 (136.6×) and current (121.5×) 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 29.9% growth and a 122× exit, ₹1195 only delivers your return if you pay ₹2,087. The price is currently baking in 17% growth.
EPS grows 29.9%/yr for 5 years, then fades to 6% over 2, exits at 122×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 29.9% | 12.78 |
| FY28 | 29.9% | 16.60 |
| FY29 | 29.9% | 21.57 |
| FY30 | 29.9% | 28.02 |
| FY31 | 29.9% | 36.39 |
| FY32 | 17.9% ·fade | 42.93 |
| FY33 | 6.0% ·fade | 45.50 |
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.