Promoter-led manufacturer, exporter and distributor of ERW and hot-dip galvanized steel pipes, crash barriers, poles and transmission line towers, with three plants in Maharashtra, Telangana and Odisha.
Price
Market Cap
Sector
Industrials
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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 14 | 14 | 14 | 14 | 19 | 19 | 19 | 19 |
| Reserves | 46 | 48 | 58 | 79 | 159 | 169 | 174 | 178 |
| Borrowings | 104 | 77 | 127 | 152 | 142 | 171 | 194 | 193 |
| Other Liabilities | 43 | 30 | 50 | 48 | 64 | 114 | 120 | 49 |
| Total Liabilities | 207 | 170 | 249 | 294 | 383 | 473 | 507 | 439 |
| AssetsFixed Assets | 57 | 52 | 50 | 54 | 69 | 69 | 110 | 163 |
| CWIP | 0 | 0 | 0 | 0 | 12 | 68 | 45 | 20 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 151 | 118 | 199 | 239 | 302 | 337 | 352 | 256 |
| Total Assets | 207 | 170 | 249 | 294 | 383 | 473 | 507 | 439 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -9 | 34 | 44 | -35 | 7 | 6 | 36 | 61 |
| Cash from Investing | -20 | 11 | 0 | -4 | -16 | -42 | -58 | -70 |
| Cash from Financing | 24 | -45 | -36 | 44 | 13 | 35 | 16 | 6 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -26 | 32 | 43 | -38 | -4 | -27 | -21 | -3 |
| 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 (25.0×) and current (31.7×) 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 -38.6% growth and a 25× exit, ₹112 only delivers your return if you pay ₹3. The price is currently baking in 23% growth.
EPS grows -38.6%/yr for 5 years, then fades to 6% over 2, exits at 25×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | -38.6% | 2.17 |
| FY28 | -38.6% | 1.33 |
| FY29 | -38.6% | 0.82 |
| FY30 | -38.6% | 0.50 |
| FY31 | -38.6% | 0.31 |
| FY32 | -16.3% ·fade | 0.26 |
| FY33 | 6.0% ·fade | 0.27 |
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.