Bengaluru OEM, top 2 globally in industrial steam turbines up to 100 MW, plus aftermarket/refurbishment.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 466 | 560 | 739 | 593 | 733 | 1.0k | 1.3k | 1.2k |
| Borrowings | 1 | 3 | 2 | 4 | 3 | 26 | 38 | 2 |
| Other Liabilities | 290 | 302 | 463 | 537 | 641 | 707 | 856 | 974 |
| Total Liabilities | 790 | 897 | 1.2k | 1.2k | 1.4k | 1.8k | 2.2k | 2.2k |
| AssetsFixed Assets | 246 | 248 | 240 | 256 | 268 | 284 | 349 | 302 |
| CWIP | 7 | 1 | 3 | 5 | 1 | 1 | 14 | 16 |
| Investments | 139 | 278 | 466 | 332 | 400 | 310 | 413 | 307 |
| Other Assets | 397 | 371 | 527 | 572 | 739 | 1.2k | 1.4k | 1.6k |
| Total Assets | 790 | 897 | 1.2k | 1.2k | 1.4k | 1.8k | 2.2k | 2.2k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 141 | 178 | 175 | 391 | 151 | 234 | 141 | 118 |
| Cash from Investing | -8 | -120 | -210 | -324 | 138 | -160 | -5 | 34 |
| Cash from Financing | -124 | -21 | -2 | -73 | -288 | -76 | -107 | -138 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 126 | 167 | 162 | 371 | 119 | 206 | 124 | 54 |
| 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 (71.8×) and current (58.2×) 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 24.7% growth and a 58× exit, ₹615 only delivers your return if you pay ₹851. The price is currently baking in 18% growth.
EPS grows 24.7%/yr for 5 years, then fades to 6% over 2, exits at 58×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 24.7% | 13.19 |
| FY28 | 24.7% | 16.45 |
| FY29 | 24.7% | 20.52 |
| FY30 | 24.7% | 25.58 |
| FY31 | 24.7% | 31.90 |
| FY32 | 15.3% ·fade | 36.80 |
| FY33 | 6.0% ·fade | 39.01 |
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.