Manufactures and exports stainless-steel welded and seamless pipes/tubes from its Kutch, Gujarat plant.
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Market Cap
Sector
Industrials
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| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 9 | 9 | 9 | 15 | 20 | 20 | 20 | 21 |
| Reserves | 3 | 8 | 31 | 113 | 302 | 386 | 511 | 648 |
| Borrowings | 29 | 43 | 38 | 64 | 90 | 149 | 192 | 197 |
| Other Liabilities | 38 | 48 | 60 | 55 | 95 | 202 | 285 | 435 |
| Total Liabilities | 79 | 107 | 138 | 248 | 507 | 758 | 1.0k | 1.3k |
| AssetsFixed Assets | 10 | 12 | 20 | 21 | 60 | 282 | 310 | 399 |
| CWIP | 0 | 3 | 0 | 7 | 122 | 12 | 67 | 124 |
| Investments | 0 | 0 | 0 | 1 | 3 | 3 | 3 | 1 |
| Other Assets | 69 | 92 | 118 | 218 | 323 | 461 | 629 | 776 |
| Total Assets | 79 | 107 | 138 | 248 | 507 | 758 | 1.0k | 1.3k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -7 | 2 | 11 | -60 | 9 | 52 | 69 | 112 |
| Cash from Investing | -1 | -12 | -2 | -23 | -167 | -100 | -114 | -203 |
| Cash from Financing | 8 | 10 | -9 | 83 | 169 | 38 | 47 | 94 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -9 | -5 | 6 | -81 | -153 | -55 | -40 | -76 |
| 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 (34.7×) and current (32.2×) 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 32.5% growth and a 32× exit, ₹1546 only delivers your return if you pay ₹2,979. The price is currently baking in 18% growth.
EPS grows 32.5%/yr for 5 years, then fades to 6% over 2, exits at 32×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 32.5% | 63.56 |
| FY28 | 32.5% | 84.22 |
| FY29 | 32.5% | 111.59 |
| FY30 | 32.5% | 147.85 |
| FY31 | 32.5% | 195.91 |
| FY32 | 19.3% ·fade | 233.62 |
| FY33 | 6.0% ·fade | 247.64 |
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.