Vadodara-based manufacturer of oil-filled and dry-type power transformers up to 220kV, market leader in India
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 738 | 824 | 932 | 1.1k | 1.3k | 1.6k | 1.6k | 1.8k |
| Borrowings | 0 | 0 | 0 | 0 | 3 | 2 | 1 | 1 |
| Other Liabilities | 69 | 82 | 119 | 115 | 164 | 186 | 255 | 226 |
| Total Liabilities | 817 | 916 | 1.1k | 1.2k | 1.5k | 1.8k | 1.9k | 2.0k |
| AssetsFixed Assets | 58 | 53 | 62 | 67 | 77 | 118 | 115 | 118 |
| CWIP | 1 | 8 | 8 | 0 | 1 | 3 | 37 | 108 |
| Investments | 454 | 492 | 561 | 718 | 922 | 1.1k | 1.0k | 995 |
| Other Assets | 304 | 363 | 431 | 437 | 522 | 599 | 702 | 797 |
| Total Assets | 817 | 916 | 1.1k | 1.2k | 1.5k | 1.8k | 1.9k | 2.0k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 32 | 108 | 20 | 66 | 168 | 216 | 219 | 140 |
| Cash from Investing | -11 | -86 | 21 | -46 | -127 | -141 | -116 | -1 |
| Cash from Financing | -18 | -27 | -26 | -26 | -36 | -63 | -94 | -104 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 22 | 88 | 10 | 47 | 161 | 199 | 159 | 15 |
| 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 (22.7×) and current (30.4×) 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 15% growth and a 23× exit, ₹9180 only delivers your return if you pay ₹6,149. The price is currently baking in 24% growth.
EPS grows 15%/yr for 5 years, then fades to 6% over 2, exits at 23×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 15.0% | 347.13 |
| FY28 | 15.0% | 399.20 |
| FY29 | 15.0% | 459.08 |
| FY30 | 15.0% | 527.94 |
| FY31 | 15.0% | 607.13 |
| FY32 | 10.5% ·fade | 670.88 |
| FY33 | 6.0% ·fade | 711.13 |
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.