Noida-headquartered manufacturer of oil-drilling tools — casing pipe connectors, gas lift equipment, stabilisers and wireline winches for onshore/offshore E&P wells.
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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 144 | 173 | 220 | 226 | 232 | 243 | 249 | 258 |
| Borrowings | 0 | 18 | 18 | 5 | 33 | 32 | 30 | 3 |
| Other Liabilities | 11 | 22 | 23 | 30 | 71 | 40 | 84 | 21 |
| Total Liabilities | 176 | 234 | 281 | 281 | 355 | 335 | 384 | 303 |
| AssetsFixed Assets | 33 | 32 | 31 | 50 | 50 | 48 | 55 | 58 |
| CWIP | 2 | 15 | 19 | 5 | 8 | 10 | 3 | 0 |
| Investments | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 142 | 187 | 230 | 224 | 296 | 276 | 324 | 243 |
| Total Assets | 176 | 234 | 281 | 281 | 355 | 335 | 384 | 303 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 31 | 13 | -8 | 5 | 25 | -16 | 8 | 38 |
| Cash from Investing | -1 | -1 | -15 | -7 | -9 | -5 | -2 | -2 |
| Cash from Financing | -20 | -12 | 18 | -3 | -15 | 22 | -7 | -35 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 30 | 12 | -23 | 0 | 15 | -22 | 5 | 34 |
| 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 (38.4×) and current (25.9×) 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 19.9% growth and a 26× exit, ₹224 only delivers your return if you pay ₹250. The price is currently baking in 18% growth.
EPS grows 19.9%/yr for 5 years, then fades to 6% over 2, exits at 26×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 19.9% | 10.34 |
| FY28 | 19.9% | 12.39 |
| FY29 | 19.9% | 14.86 |
| FY30 | 19.9% | 17.81 |
| FY31 | 19.9% | 21.36 |
| FY32 | 13.0% ·fade | 24.13 |
| FY33 | 6.0% ·fade | 25.57 |
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.