Top-5 global explosives maker supplying industrial blasting systems and defence munitions in 90+ countries.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 1.0k | 1.1k | 1.3k | 1.7k | 2.3k | 3.0k | 5.1k | 4.2k |
| Borrowings | 129 | 127 | 156 | 424 | 318 | 200 | 876 | 149 |
| Other Liabilities | 234 | 317 | 488 | 577 | 571 | 1.2k | 3.0k | 1.2k |
| Total Liabilities | 1.4k | 1.6k | 2.0k | 2.8k | 3.2k | 4.4k | 9.0k | 5.5k |
| AssetsFixed Assets | 545 | 558 | 706 | 779 | 811 | 1.1k | 3.2k | 1.4k |
| CWIP | 32 | 130 | 41 | 78 | 219 | 113 | 790 | 147 |
| Investments | 130 | 129 | 146 | 226 | 667 | 859 | 278 | 867 |
| Other Assets | 677 | 784 | 1.1k | 1.7k | 1.5k | 2.3k | 4.7k | 3.1k |
| Total Assets | 1.4k | 1.6k | 2.0k | 2.8k | 3.2k | 4.4k | 9.0k | 5.5k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 210 | 195 | 148 | 294 | 133 | 770 | 1.1k | 927 |
| Cash from Investing | -129 | -10 | -99 | -280 | -271 | -549 | -691 | -682 |
| Cash from Financing | -65 | -142 | -66 | -36 | 173 | -216 | -232 | -188 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 96 | 122 | 21 | 165 | -33 | 533 | 777 | 530 |
| 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 (117.2×) and current (147.1×) 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 14% growth and a 117× exit, ₹18052 only delivers your return if you pay ₹12,121. The price is currently baking in 23% growth.
EPS grows 14%/yr for 5 years, then fades to 6% over 2, exits at 117×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 14.0% | 139.94 |
| FY28 | 14.0% | 159.53 |
| FY29 | 14.0% | 181.86 |
| FY30 | 14.0% | 207.32 |
| FY31 | 14.0% | 236.34 |
| FY32 | 10.0% ·fade | 259.98 |
| FY33 | 6.0% ·fade | 275.58 |
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.