Makes PVC/CPVC stabilizers, metal soaps and lubricants; India's 3rd-largest PVC additives player (~13% share)
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 1 | 1 | 40 | 55 | 55 | 55 | 55 |
| Reserves | 3 | 21 | 22 | 276 | 329 | 354 | 388 |
| Borrowings | 5 | 26 | 22 | 11 | 18 | 27 | 10 |
| Other Liabilities | 23 | 36 | 37 | 53 | 66 | 79 | 96 |
| Total Liabilities | 32 | 84 | 121 | 395 | 468 | 515 | 549 |
| AssetsFixed Assets | 6 | 7 | 34 | 40 | 81 | 104 | 109 |
| CWIP | 0 | 0 | 3 | 8 | 44 | 34 | 45 |
| Investments | 0 | 0 | 0 | 0 | 21 | 29 | 48 |
| Other Assets | 27 | 78 | 84 | 347 | 322 | 349 | 347 |
| Total Assets | 32 | 84 | 121 | 395 | 468 | 515 | 549 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 3 | -15 | 38 | 33 | -8 | -1 |
| Cash from Investing | -1 | -5 | -37 | -79 | -156 | 57 |
| Cash from Financing | -1 | 19 | 0 | 220 | 1 | -10 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | 2 | -16 | 10 | 17 | -63 | -35 |
| 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 (32.0×) and current (24.1×) 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 8.9% growth and a 24× exit, ₹228 only delivers your return if you pay ₹149. The price is currently baking in 18% growth.
EPS grows 8.9%/yr for 5 years, then fades to 6% over 2, exits at 24×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 8.9% | 10.31 |
| FY28 | 8.9% | 11.23 |
| FY29 | 8.9% | 12.23 |
| FY30 | 8.9% | 13.32 |
| FY31 | 8.9% | 14.50 |
| FY32 | 7.5% ·fade | 15.58 |
| FY33 | 6.0% ·fade | 16.52 |
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.