Mumbai-based B2B manufacturer of 18K/20K/22K CZ (cubic zirconia) and rose gold jewellery, expanding into plain gold and diamond jewellery for retailers across India.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 4 | 4 | 4 | 17 | 24 | 24 | 24 |
| Reserves | 6 | 8 | 11 | 18 | 18 | 103 | 144 | 174 |
| Borrowings | 15 | 30 | 36 | 50 | 73 | 130 | 149 | 186 |
| Other Liabilities | 3 | 2 | 5 | 10 | 13 | 13 | 25 | 24 |
| Total Liabilities | 28 | 44 | 56 | 82 | 121 | 270 | 342 | 408 |
| AssetsFixed Assets | 8 | 9 | 10 | 10 | 12 | 8 | 8 | 9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 20 | 35 | 46 | 72 | 110 | 261 | 334 | 400 |
| Total Assets | 28 | 44 | 56 | 82 | 121 | 270 | 342 | 408 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 3 | -14 | -2 | -12 | 7 | -89 | -61 |
| Cash from Investing | 0 | 0 | -2 | 1 | -1 | 3 | 0 |
| Cash from Financing | -3 | 14 | 4 | 10 | 19 | 118 | 56 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 3 | -14 | -4 | -10 | 5 | -87 | -62 |
| 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 (6.6×) and current (14.8×) 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 7× exit, ₹517 only delivers your return if you pay ₹170. The price is currently baking in 35% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 7×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 38.47 |
| FY28 | 10.0% | 42.31 |
| FY29 | 10.0% | 46.55 |
| FY30 | 10.0% | 51.20 |
| FY31 | 10.0% | 56.32 |
| FY32 | 8.0% ·fade | 60.83 |
| FY33 | 6.0% ·fade | 64.47 |
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.