World's No.4 two-wheeler maker; motorcycles, scooters, mopeds & three-wheelers across 90+ countries
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
| Reserves | 3.2k | 3.8k | 4.4k | 5.5k | 6.7k | 8.5k | 8.1k | 9.5k |
| Borrowings | 11.6k | 12.2k | 15.8k | 22.4k | 26.0k | 28.6k | 31.6k | 32.8k |
| Other Liabilities | 4.4k | 5.9k | 6.7k | 7.1k | 9.2k | 10.5k | 12.2k | 13.8k |
| Total Liabilities | 19.3k | 21.9k | 26.9k | 35.0k | 42.0k | 47.7k | 51.9k | 56.1k |
| AssetsFixed Assets | 3.8k | 4.2k | 6.0k | 5.7k | 5.9k | 7.6k | 9.1k | 8.6k |
| CWIP | 1.0k | 1.0k | 552 | 743 | 1.0k | 1.5k | 701 | 2.1k |
| Investments | 371 | 468 | 605 | 967 | 1.1k | 1.2k | 1.3k | 1.1k |
| Other Assets | 14.1k | 16.1k | 19.8k | 27.6k | 34.0k | 37.3k | 40.8k | 44.3k |
| Total Assets | 19.3k | 21.9k | 26.9k | 35.0k | 42.0k | 47.7k | 51.9k | 56.1k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -918 | 373 | 1.2k | -1.6k | -4.4k | -1.3k | 3.5k | 1.9k |
| Cash from Investing | -1.1k | -1.1k | -882 | -1.5k | -1.3k | -1.5k | -2.9k | -3.0k |
| Cash from Financing | 2.2k | 1.6k | 264 | 2.9k | 6.1k | 3.2k | 1.2k | 909 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -2.0k | -617 | 227 | -2.5k | -5.7k | -2.4k | 1.0k | -1.3k |
| 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 (57.6×) and current (49.5×) 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 34.5% growth and a 49× exit, ₹3443 only delivers your return if you pay ₹7,190. The price is currently baking in 18% growth.
EPS grows 34.5%/yr for 5 years, then fades to 6% over 2, exits at 49×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 34.5% | 93.57 |
| FY28 | 34.5% | 125.85 |
| FY29 | 34.5% | 169.27 |
| FY30 | 34.5% | 227.67 |
| FY31 | 34.5% | 306.22 |
| FY32 | 20.3% ·fade | 368.23 |
| FY33 | 6.0% ·fade | 390.32 |
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.