Fujiyama/UTL Solar makes solar inverters, panels, cells and batteries for the Indian rooftop market.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 14 | 14 | 14 | 14 | 25 | 28 | 28 | 31 |
| Reserves | 11 | 31 | 167 | 179 | 215 | 369 | 500 | 1.2k |
| Borrowings | 125 | 142 | 141 | 215 | 205 | 395 | 730 | 520 |
| Other Liabilities | 46 | 55 | 77 | 106 | 166 | 222 | 332 | 551 |
| Total Liabilities | 195 | 241 | 400 | 515 | 610 | 1.0k | 1.6k | 2.3k |
| AssetsFixed Assets | 89 | 83 | 114 | 232 | 276 | 418 | 463 | 673 |
| CWIP | 0 | 0 | 0 | 8 | 0 | 0 | 187 | 201 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 106 | 158 | 286 | 274 | 334 | 596 | 940 | 1.5k |
| Total Assets | 195 | 241 | 400 | 515 | 610 | 1.0k | 1.6k | 2.3k |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | — | -10 | -58 | 78 | 85 | 18 | -3 |
| Cash from Investing | — | -7 | -46 | -132 | -45 | -118 | -520 |
| Cash from Financing | — | 16 | 104 | 54 | -37 | 104 | 654 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | — | -18 | -91 | -60 | 38 | -99 | -515 |
| 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 (22.6×) and current (30.1×) 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 10% growth and a 23× exit, ₹311 only delivers your return if you pay ₹165. The price is currently baking in 23% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 23×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 11.36 |
| FY28 | 10.0% | 12.50 |
| FY29 | 10.0% | 13.75 |
| FY30 | 10.0% | 15.12 |
| FY31 | 10.0% | 16.64 |
| FY32 | 8.0% ·fade | 17.97 |
| FY33 | 6.0% ·fade | 19.05 |
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.