Mumbai-based solar EPC company that designs, builds, owns and maintains utility, rooftop and floating solar plants across India.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 10 | 12 | 31 | 91 | 227 | 436 | 639 | 919 |
| Borrowings | 37 | 37 | 0 | 0 | 40 | 27 | 51 | 115 |
| Other Liabilities | 1 | 13 | 80 | 143 | 427 | 637 | 703 | 1.3k |
| Total Liabilities | 68 | 83 | 132 | 254 | 715 | 1.1k | 1.4k | 2.3k |
| AssetsFixed Assets | 3 | 3 | 3 | 9 | 154 | 195 | 224 | 238 |
| CWIP | 0 | 0 | 0 | 80 | 3 | 56 | 64 | 111 |
| Investments | 32 | 32 | 1 | 0 | 9 | 52 | 61 | 31 |
| Other Assets | 33 | 48 | 128 | 165 | 549 | 818 | 1.1k | 2.0k |
| Total Assets | 68 | 83 | 132 | 254 | 715 | 1.1k | 1.4k | 2.3k |
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 (24.4×) and current (21.1×) 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 97.8% growth and a 21× exit, ₹999 only delivers your return if you pay ₹18,240. The price is currently baking in 18% growth.
EPS grows 97.8%/yr for 5 years, then fades to 6% over 2, exits at 21×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 97.8% | 93.74 |
| FY28 | 97.8% | 185.41 |
| FY29 | 97.8% | 366.75 |
| FY30 | 97.8% | 725.42 |
| FY31 | 97.8% | 1434.89 |
| FY32 | 51.9% ·fade | 2179.60 |
| FY33 | 6.0% ·fade | 2310.37 |
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.