World's largest manufacturer of Silica Ramming Mass, a refractory lining consumable for induction furnaces.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 11 | 11 | 11 | 23 | 46 | 46 | 46 |
| Reserves | 54 | 98 | 122 | 135 | 148 | 169 | 199 |
| Borrowings | 0 | 6 | 10 | 9 | 7 | 6 | 5 |
| Other Liabilities | 10 | 18 | 18 | 19 | 31 | 36 | 34 |
| Total Liabilities | 75 | 132 | 161 | 186 | 231 | 257 | 284 |
| AssetsFixed Assets | 28 | 27 | 27 | 88 | 93 | 94 | 98 |
| CWIP | 0 | 31 | 59 | 0 | 2 | 2 | 4 |
| Investments | 0 | 2 | 6 | 14 | 34 | 41 | 41 |
| Other Assets | 47 | 73 | 69 | 84 | 102 | 121 | 141 |
| Total Assets | 75 | 132 | 161 | 186 | 231 | 257 | 284 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 11 | 9 | 20 | 21 | 39 | 37 |
| Cash from Investing | -13 | -42 | -24 | -15 | -30 | -31 |
| Cash from Financing | 8 | 29 | 3 | -3 | -5 | -7 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | 9 | -26 | -14 | 12 | 25 | 23 |
| 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 (56.2×) and current (87.8×) 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 30.1% growth and a 56× exit, ₹1198 only delivers your return if you pay ₹1,340. The price is currently baking in 27% growth.
EPS grows 30.1%/yr for 5 years, then fades to 6% over 2, exits at 56×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 30.1% | 17.76 |
| FY28 | 30.1% | 23.10 |
| FY29 | 30.1% | 30.06 |
| FY30 | 30.1% | 39.11 |
| FY31 | 30.1% | 50.88 |
| FY32 | 18.1% ·fade | 60.06 |
| FY33 | 6.0% ·fade | 63.66 |
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.