India's largest travel QSR and airport lounge operator across 20 airports in India, Malaysia and Hong Kong
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 4 | 4 | 4 | 4 | 13 | 13 | 13 |
| Reserves | 513 | 459 | 472 | 652 | 870 | 1.0k | 1.2k | 1.4k |
| Borrowings | 21 | 26 | 38 | 383 | 416 | 333 | 286 | 245 |
| Other Liabilities | 169 | 147 | 208 | 294 | 407 | 516 | 537 | 592 |
| Total Liabilities | 706 | 636 | 722 | 1.3k | 1.7k | 1.9k | 2.0k | 2.3k |
| AssetsFixed Assets | 75 | 59 | 99 | 353 | 387 | 372 | 630 | 636 |
| CWIP | 0 | 24 | 2 | 6 | 23 | 39 | 35 | 28 |
| Investments | 370 | 304 | 309 | 464 | 594 | 868 | 698 | 776 |
| Other Assets | 261 | 249 | 313 | 510 | 693 | 624 | 644 | 839 |
| Total Assets | 706 | 636 | 722 | 1.3k | 1.7k | 1.9k | 2.0k | 2.3k |
| Line item | FY16 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 70 | 104 | 14 | 45 | 322 | 353 | 515 | 393 |
| Cash from Investing | -55 | -120 | -11 | -55 | -197 | -155 | -215 | -150 |
| Cash from Financing | -1 | 13 | -4 | 11 | -104 | -172 | -343 | -221 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 22 | 78 | -24 | 21 | 285 | 276 | 454 | 354 |
| 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 (37.7×) and current (38.4×) 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 19.2% growth and a 38× exit, ₹1286 only delivers your return if you pay ₹1,374. The price is currently baking in 18% growth.
EPS grows 19.2%/yr for 5 years, then fades to 6% over 2, exits at 38×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 19.2% | 39.92 |
| FY28 | 19.2% | 47.58 |
| FY29 | 19.2% | 56.72 |
| FY30 | 19.2% | 67.61 |
| FY31 | 19.2% | 80.59 |
| FY32 | 12.6% ·fade | 90.75 |
| FY33 | 6.0% ·fade | 96.19 |
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.