Nagpur-based BFSI-focused software firm whose flagship e-Banker core-banking platform runs inside bank/NBFC branches, expanding into government-digitisation and cybersecurity platforms.
Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 11 | 11 | 11 | 11 | 11 | 18 | 25 | 25 |
| Reserves | 9 | 11 | 13 | 14 | 30 | 75 | 172 | 194 |
| Borrowings | 9 | 14 | 14 | 38 | 39 | 40 | 47 | 48 |
| Other Liabilities | 39 | 34 | 31 | 24 | 36 | 25 | 32 | 32 |
| Total Liabilities | 68 | 70 | 69 | 87 | 116 | 158 | 276 | 299 |
| AssetsFixed Assets | 43 | 45 | 44 | 33 | 30 | 76 | 87 | 193 |
| CWIP | 0 | 0 | 0 | 14 | 43 | 41 | 60 | 10 |
| Investments | 1 | 4 | 2 | 3 | 3 | 0 | 0 | 0 |
| Other Assets | 24 | 21 | 23 | 37 | 40 | 42 | 129 | 97 |
| Total Assets | 68 | 70 | 69 | 87 | 116 | 158 | 276 | 299 |
| Line item | FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | — | 19 | 5 | 3 | 8 | 31 | 43 | 49 |
| Cash from Investing | — | -18 | -6 | -3 | -9 | -31 | -51 | -106 |
| Cash from Financing | — | 0 | 0 | 0 | 1 | 0 | 8 | 85 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | — | 1 | -1 | 0 | -1 | -1 | -7 | -55 |
| 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 (5.4×) and current (7.5×) 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 10% growth and a 5× exit, ₹159 only delivers your return if you pay ₹74. The price is currently baking in 26% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 5×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 23.33 |
| FY28 | 10.0% | 25.66 |
| FY29 | 10.0% | 28.23 |
| FY30 | 10.0% | 31.05 |
| FY31 | 10.0% | 34.16 |
| FY32 | 8.0% ·fade | 36.89 |
| FY33 | 6.0% ·fade | 39.11 |
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.