India's largest two-wheeler helmet maker: Studds & premium SMK brands, private-label helmets, 70+ countries.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 10 | 10 | 10 | 10 | 20 | 20 | 20 |
| Reserves | 280 | 301 | 328 | 378 | 430 | 461 | 503 |
| Borrowings | 28 | 46 | 32 | 9 | 9 | 9 | 8 |
| Other Liabilities | 117 | 98 | 91 | 89 | 98 | 141 | 106 |
| Total Liabilities | 435 | 455 | 461 | 486 | 557 | 631 | 638 |
| AssetsFixed Assets | 266 | 310 | 311 | 331 | 338 | 339 | 343 |
| CWIP | 10 | 13 | 12 | 12 | 29 | 46 | 53 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 159 | 133 | 138 | 142 | 189 | 246 | 242 |
| Total Assets | 435 | 455 | 461 | 486 | 557 | 631 | 638 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 74 | 12 | 28 | 72 | 63 | 86 |
| Cash from Investing | -34 | -40 | 1 | -20 | -51 | -43 |
| Cash from Financing | -17 | 3 | -23 | -41 | -9 | -12 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | 38 | -45 | 9 | 40 | 22 | 38 |
| 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 (23.7×) 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 10% growth and a 21× exit, ₹451 only delivers your return if you pay ₹306. The price is currently baking in 18% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 21×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 23.11 |
| FY28 | 10.0% | 25.42 |
| FY29 | 10.0% | 27.96 |
| FY30 | 10.0% | 30.76 |
| FY31 | 10.0% | 33.84 |
| FY32 | 8.0% ·fade | 36.54 |
| FY33 | 6.0% ·fade | 38.74 |
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.