Asset-light B2B express delivery company operating its own pan-India surface, air, rail and last-mile network.
Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 330 | 426 | 528 | 589 | 696 | 757 | 806 | 811 |
| Borrowings | 4 | 2 | 1 | 7 | 10 | 10 | 8 | 63 |
| Other Liabilities | 90 | 110 | 120 | 132 | 136 | 144 | 146 | 143 |
| Total Liabilities | 432 | 547 | 657 | 735 | 850 | 919 | 968 | 1.0k |
| AssetsFixed Assets | 185 | 228 | 320 | 374 | 452 | 462 | 457 | 547 |
| CWIP | 11 | 28 | 6 | 61 | 16 | 15 | 26 | 29 |
| Investments | 30 | 60 | 88 | 33 | 91 | 148 | 152 | 124 |
| Other Assets | 206 | 231 | 243 | 267 | 292 | 293 | 334 | 326 |
| Total Assets | 432 | 547 | 657 | 735 | 850 | 919 | 968 | 1.0k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 78 | 81 | 102 | 128 | 147 | 136 | 118 | 101 |
| Cash from Investing | -26 | -60 | -96 | -90 | -65 | -105 | -91 | -89 |
| Cash from Financing | -47 | -26 | -8 | -31 | -84 | -28 | -32 | -8 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 58 | 62 | 47 | 48 | 21 | 84 | 89 | -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 (35.2×) and current (25.4×) 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 -16.5% growth and a 25× exit, ₹538 only delivers your return if you pay ₹81. The price is currently baking in 18% growth.
EPS grows -16.5%/yr for 5 years, then fades to 6% over 2, exits at 25×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | -16.5% | 17.69 |
| FY28 | -16.5% | 14.77 |
| FY29 | -16.5% | 12.34 |
| FY30 | -16.5% | 10.30 |
| FY31 | -16.5% | 8.60 |
| FY32 | -5.3% ·fade | 8.15 |
| FY33 | 6.0% ·fade | 8.64 |
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.