Backward-integrated EPC player building power transmission lines, substations, railways and civil infra across 63 countries.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 8 | 23 | 23 | 25 | 27 | 27 | 27 |
| Reserves | 435 | 560 | 640 | 749 | 1.1k | 1.9k | 2.0k | 2.3k |
| Borrowings | 346 | 429 | 469 | 621 | 667 | 661 | 810 | 678 |
| Other Liabilities | 1.3k | 1.2k | 1.7k | 2.1k | 2.8k | 3.7k | 3.9k | 4.4k |
| Total Liabilities | 2.0k | 2.2k | 2.8k | 3.4k | 4.6k | 6.2k | 6.8k | 7.4k |
| AssetsFixed Assets | 321 | 317 | 334 | 379 | 374 | 425 | 492 | 600 |
| CWIP | 11 | 4 | 17 | 4 | 6 | 12 | 47 | 65 |
| Investments | 0 | 3 | 3 | 3 | 5 | 0 | 1 | 1 |
| Other Assets | 1.7k | 1.9k | 2.5k | 3.1k | 4.2k | 5.8k | 6.2k | 6.7k |
| Total Assets | 2.0k | 2.2k | 2.8k | 3.4k | 4.6k | 6.2k | 6.8k | 7.4k |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 188 | 65 | 46 | 143 | 35 | 287 | 643 |
| Cash from Investing | -50 | -3 | -81 | -105 | -78 | -498 | -209 |
| Cash from Financing | -146 | 5 | 3 | 29 | 28 | 242 | -190 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 176 | 40 | -29 | 91 | 8 | 150 | 532 |
| 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 (20.6×) and current (16.7×) 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 23.2% growth and a 17× exit, ₹501 only delivers your return if you pay ₹661. The price is currently baking in 17% growth.
EPS grows 23.2%/yr for 5 years, then fades to 6% over 2, exits at 17×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 23.2% | 36.98 |
| FY28 | 23.2% | 45.57 |
| FY29 | 23.2% | 56.14 |
| FY30 | 23.2% | 69.16 |
| FY31 | 23.2% | 85.20 |
| FY32 | 14.6% ·fade | 97.64 |
| FY33 | 6.0% ·fade | 103.50 |
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.