Coimbatore-based manufacturer of industrial switchgear, wires & cables, building electricals, smart meters and EV chargers, and India's largest maker of cam-operated rotary switches.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 16 | 16 | 16 | 16 | 17 | 18 | 18 | 18 |
| Reserves | 293 | 315 | 335 | 387 | 449 | 513 | 539 | 561 |
| Borrowings | 178 | 204 | 252 | 277 | 308 | 418 | 477 | 532 |
| Other Liabilities | 119 | 139 | 138 | 196 | 196 | 217 | 278 | 228 |
| Total Liabilities | 607 | 674 | 742 | 876 | 970 | 1.2k | 1.3k | 1.3k |
| AssetsFixed Assets | 207 | 211 | 214 | 231 | 254 | 295 | 309 | 323 |
| CWIP | 3 | 1 | 1 | 1 | 2 | 3 | 6 | 7 |
| Investments | 20 | 21 | 21 | 22 | 25 | 26 | 28 | 31 |
| Other Assets | 378 | 441 | 506 | 623 | 689 | 841 | 970 | 977 |
| Total Assets | 607 | 674 | 742 | 876 | 970 | 1.2k | 1.3k | 1.3k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 52 | 36 | 14 | -14 | 23 | 20 | -17 | 42 |
| Cash from Investing | -28 | -50 | -17 | -18 | -32 | -39 | -55 | -62 |
| Cash from Financing | -19 | 9 | 4 | 29 | 14 | 15 | 72 | 21 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 23 | 1 | -4 | -33 | -9 | -25 | -83 | -17 |
| 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 (24.7×) and current (21.4×) 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 13.4% growth and a 21× exit, ₹653 only delivers your return if you pay ₹524. The price is currently baking in 18% growth.
EPS grows 13.4%/yr for 5 years, then fades to 6% over 2, exits at 21×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 13.4% | 34.52 |
| FY28 | 13.4% | 39.14 |
| FY29 | 13.4% | 44.39 |
| FY30 | 13.4% | 50.34 |
| FY31 | 13.4% | 57.08 |
| FY32 | 9.7% ·fade | 62.62 |
| FY33 | 6.0% ·fade | 66.38 |
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.