Largest Indian maker of stainless steel pipes & tubes; also produces carbon steel welded pipes.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 9 | 9 | 9 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 1.7k | 2.0k | 2.2k | 2.7k | 3.2k | 3.7k | 3.9k | 4.1k |
| Borrowings | 252 | 207 | 157 | 159 | 53 | 15 | 241 | 13 |
| Other Liabilities | 584 | 422 | 557 | 712 | 512 | 883 | 865 | 538 |
| Total Liabilities | 2.5k | 2.6k | 3.0k | 3.6k | 3.8k | 4.6k | 5.0k | 4.6k |
| AssetsFixed Assets | 500 | 865 | 875 | 941 | 955 | 1.1k | 1.5k | 1.3k |
| CWIP | 371 | 76 | 107 | 87 | 158 | 148 | 210 | 185 |
| Investments | 155 | 637 | 109 | 244 | 198 | 328 | 638 | 820 |
| Other Assets | 1.5k | 1.0k | 1.9k | 2.3k | 2.5k | 3.0k | 2.7k | 2.4k |
| Total Assets | 2.5k | 2.6k | 3.0k | 3.6k | 3.8k | 4.6k | 5.0k | 4.6k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 554 | 215 | 545 | -272 | 317 | 489 | 521 | 976 |
| Cash from Investing | -360 | -358 | -470 | 406 | -243 | -109 | -347 | -1.0k |
| Cash from Financing | -56 | 47 | -79 | -135 | -83 | -208 | -160 | -106 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 389 | -82 | 416 | -415 | 192 | 316 | 309 | 678 |
| 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 (32.2×) and current (41.7×) 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 -5.6% growth and a 32× exit, ₹2583 only delivers your return if you pay ₹593. The price is currently baking in 23% growth.
EPS grows -5.6%/yr for 5 years, then fades to 6% over 2, exits at 32×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | -5.6% | 58.44 |
| FY28 | -5.6% | 55.17 |
| FY29 | -5.6% | 52.08 |
| FY30 | -5.6% | 49.16 |
| FY31 | -5.6% | 46.41 |
| FY32 | 0.2% ·fade | 46.50 |
| FY33 | 6.0% ·fade | 49.29 |
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.