India's largest wagon maker, building freight wagons, metro/Vande Bharat coaches, propulsion systems and warships.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 23 | 24 | 24 | 24 | 27 | 27 | 27 | 27 |
| Reserves | 743 | 817 | 818 | 940 | 2.2k | 2.5k | 2.5k | 2.4k |
| Borrowings | 730 | 847 | 920 | 353 | 166 | 627 | 637 | 623 |
| Other Liabilities | 775 | 775 | 903 | 931 | 832 | 651 | 625 | 960 |
| Total Liabilities | 2.3k | 2.5k | 2.7k | 2.2k | 3.2k | 3.8k | 3.8k | 4.0k |
| AssetsFixed Assets | 872 | 871 | 966 | 732 | 748 | 992 | 1.2k | 1.4k |
| CWIP | 0 | 41 | 61 | 12 | 174 | 122 | 128 | 72 |
| Investments | 29 | 31 | 30 | 32 | 198 | 299 | 310 | 279 |
| Other Assets | 1.4k | 1.5k | 1.6k | 1.5k | 2.1k | 2.3k | 2.1k | 2.3k |
| Total Assets | 2.3k | 2.5k | 2.7k | 2.2k | 3.2k | 3.8k | 3.8k | 4.0k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -124 | 154 | 68 | 55 | 41 | 86 | -97 | 322 |
| Cash from Investing | -49 | 4 | -60 | -73 | -61 | -537 | -579 | -133 |
| Cash from Financing | 214 | -227 | 43 | -53 | 67 | 724 | 372 | -52 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -188 | 129 | 9 | -41 | 4 | -78 | -328 | -45 |
| 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 (51.4×) and current (69.4×) 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 9.8% growth and a 51× exit, ₹860 only delivers your return if you pay ₹434. The price is currently baking in 24% growth.
EPS grows 9.8%/yr for 5 years, then fades to 6% over 2, exits at 51×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 9.8% | 13.60 |
| FY28 | 9.8% | 14.94 |
| FY29 | 9.8% | 16.40 |
| FY30 | 9.8% | 18.01 |
| FY31 | 9.8% | 19.77 |
| FY32 | 7.9% ·fade | 21.34 |
| FY33 | 6.0% ·fade | 22.62 |
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.