India's 6th-largest steel producer; ore-to-metal maker of carbon steel, stainless steel, aluminium.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 234 | 234 | 255 | 255 | 278 | 278 | 278 | 278 |
| Reserves | 2.6k | 3.4k | 5.6k | 7.0k | 9.4k | 10.3k | 10.7k | 11.2k |
| Borrowings | 1.1k | 796 | 543 | 1.2k | 597 | 789 | 1.1k | 1.0k |
| Other Liabilities | 1.1k | 990 | 2.0k | 3.1k | 4.2k | 5.0k | 5.8k | 7.5k |
| Total Liabilities | 5.1k | 5.4k | 8.4k | 11.6k | 14.4k | 16.3k | 17.9k | 20.1k |
| AssetsFixed Assets | 2.0k | 1.8k | 2.5k | 3.3k | 4.0k | 6.4k | 6.2k | 8.1k |
| CWIP | 235 | 506 | 768 | 2.8k | 3.8k | 2.7k | 3.8k | 2.8k |
| Investments | 144 | 282 | 1.0k | 1.5k | 2.3k | 2.1k | 2.0k | 1.6k |
| Other Assets | 2.7k | 2.8k | 4.2k | 4.0k | 4.4k | 5.1k | 6.0k | 7.6k |
| Total Assets | 5.1k | 5.4k | 8.4k | 11.6k | 14.4k | 16.3k | 17.9k | 20.1k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 457 | -91 | 1.1k | 1.6k | 1.5k | 1.8k | 2.0k | 2.0k |
| Cash from Investing | -567 | -420 | -499 | -1.8k | -1.9k | -2.8k | -1.9k | -1.9k |
| Cash from Financing | 112 | 531 | -423 | 167 | 424 | 916 | -36 | -50 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -32 | -655 | 695 | 621 | -386 | -93 | -184 | -614 |
| 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 (21.3×) 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 7.9% growth and a 21× exit, ₹970 only delivers your return if you pay ₹527. The price is currently baking in 21% growth.
EPS grows 7.9%/yr for 5 years, then fades to 6% over 2, exits at 21×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 7.9% | 43.42 |
| FY28 | 7.9% | 46.85 |
| FY29 | 7.9% | 50.55 |
| FY30 | 7.9% | 54.54 |
| FY31 | 7.9% | 58.85 |
| FY32 | 7.0% ·fade | 62.94 |
| FY33 | 6.0% ·fade | 66.72 |
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.